RE: You're NOT too Smart To Be Caught In A Ponzi

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Does the Chinese company start with a 'H'? That's going to be massive if it fails.



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Lol no that fraud will keep going, they manage the peg of the hong kong dollar and that's critical to China right now, so they'll save it, even though they are holding some seriously toxic loans

It starts with a G if you want to dive down the rabbit hole check this article

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Lol this one... I need to read up on what happens to the options when a company is discovered to be a fraud and delisted. Do the options become worthless as well or do the puts get maximum profit.

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I don’t know lol, It depends I think on the gravity of the fraud I suppose! The securities commission of that country would need to rule on that but I imagine the company goes into liquid ration and bond holders get paid first and anything else is shared by equity holders!

As far as I know options are a secondary market so they have nothing to do with the company so you probably expire worthless as with most contracts but I really wouldn’t know

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