So for anyone who thinks a stock can possibly go negative (and let's say it goes to -$0.05) doesn't that mean you owe the corporation or whoever is on the other side of your trade -$0.05 per share if you want to exit long??? come on folks.
It wasn't quite like that. https://www.vox.com/policy-and-politics/2016/12/16/13971482/mcdonalds-coffee-lawsuit-stella-liebeck
Yeah, I remember the case. I even remember seeing pics of the woman's lap and the burns. She admits it was a dumb thing to do. It's not her first round of coffee with McDonalds. She KNEW how hot their coffee was. McD's fault was admitting they knew of all the hot complaints. People are judged to be too fucking stupid to be allowed to do anything now, because one stupid fucking person decided it for them. Generations of people now and into forever will not know what it is like to get a simple cheeseburger from a fast-food joint with a hot pickle on it, because of this lowlife who didn't use common sense. Burger King got a bit smart on this front though. They added a button on their register called "extra hot". Try it next time you get a burger from there. Ask for it "extra hot". If the order-taker doesn't know what it is, ask for the manager. It means they nuke it in their fusion reactor for 5 seconds, so the burger actually comes out HOT.
"So for anyone who thinks a stock can possibly go negative (and let's say it goes to -$0.05) doesn't that mean you owe the corporation or whoever is on the other side of your trade -$0.05 per share if you want to exit long???" The bid was 0.00 the offer was 0.05 that a hyphen, not a minus. Look at the balance sheet. We ended up owning the stock as a convertible bond we owned was called and we needed a mark before yearend. Found out later a well-known arbitrager was trying to accumulate the public shell as there was little left. Much longer story. Be cautious when you see a balance sheet heavy with converts. Had no idea at the time who was the eventual owner and we would have taken a bigger haircut to get the yearend mark
I had 18 posts yesterday. And I work from home, as a trader, with safer-at-home restrictions, so there's not much else to do around here. What is your beef, Mr. Handley?
LOL right on cue the same week: https://bocanewsnow.com/2020/10/23/delray-woman-sues-says-dunkin-coffee-cup-collapsed/
Indeed. Pretty soon it's going to get to the point that companies like Whirlpool will be sued because their range-tops get really really hot enough to boil water. Someone will burn themselves when they tip the post of hot water on themselves, and sue Whirlpool for making ranges that get too hot. Same old shit.