RE:Bonds Continue to Fall After Hours on 2023 paperThe long thesis is now
1. Hope that someone is stupid enough to buy your shares at a higher price than you paid for them
2. You won't wake up only to find its delisted if you hold it overnight.
The short thesis is stronger than ever.
Shortingtozero2 wrote: If you thought that a 12% YIELD meant that the company was in trouble the bonds continue to fall after hours and Now yield 26.6 % Clearly even the bondholders do not think that they will be paid as that is an absurd yield in today's low yield environment.
What does that say about the common shareholder's equity?