BlackBerry Ltd T.BB

Danny wrote

[Prayfortheworld]

Im a Boomer. Heres why I support the $GME $BB $BBBY and $AMC movement. I am older than yall my daughter is 42 - I know you dont like us boomers just try to take a minute and hear me out. I want to see Citadel go down. Over the last year, my son in law was invested in a company called Chesapeake Energy. They declared bankruptcy in June 2020. About 6 months before they declared bankruptcy, Citadel worked with Chesapeake and their advisors to swap their Unsecured Bonds for new First Lien bonds against Chesapeakes assets. All retail investors were shut out of this swap. So one day in January 2020 my son in law woke up and saw that ALL of his bonds - his entire life savings was now behind $4.5 billion in new SECURED debt. Before, they were all equal. Now if a bankruptcy occurred, my son in law was at the back of the line.exclude the retail investor. It protected institutions. They PURPOSELY EXCLUDED HIM AND OTHERS. They transferred his right to repayment to themselves. Before they declared Bankruptcy, Chesapeake negotiated privately with the new Secured Lenders to give them 96% of the new companys stock and a 70% discount on new stock. My son in laws life savings was reduced to 4 cents on the dollar while the institutions were able to get 130% of their money back. My son in law was very upset and tried to take a lot of pills on Christmas Eve. Hes okay now though thank God and the doctors. I gave him my $100,000 401(k) since Ive got a pension plan from working for the power company climbing poles for 35 years. He didnt have anything left. None of these companies give yall kids anything. Hes trying to get back his life savings. He invested in the only thing he knows - hes a petroleum engineer, so he bought $CVX, $OXY and $XOM. Were hoping they recover so he can get his money back. Everybody thinks oil is evil but natural gas is the bridge from coal to wind and solar. What you kids are doing is incredible. I hope you make a difference. They dont care about anybody else. Keep running up $GME $AMC $BB $BBBY $NOK - and cost them a lot of money! I know yall dont like us boomers but we love yall kids. Dont quit trying. Ever.

[ScottCanada]

Thanks Danny. That's really hits home for a lot of us. Most of us strongly support the fight for the little guy as we are the little guy too.

[LionWhisperer]

This post has been removed in accordance with Community Policy

[Shoe]

Money is not created out of thin air. If you believe that premise, you might enjoy this. https://www.youtube.com/watch?v=8Kt2De98Bck cheers  Shoe

[mas75]

I agree to an extent. However, same issue applies for shorting, albeit IMO the shorts are worse because they (primarily hedge fund companies and brokerages) produce research reports to supposedly guide and inform the "dumb money" (retail investors). How many times have these companies embellished/exaggerated or flat-out lied to suit their narrative, and have artificially influenced share

[driller1a]

I think the moral of this story is never put everything you have in one company or stock. Diversify! I have no sympathy for anyone who puts all their eggs in one basket. Just like I'll have no sympathy for anyone who mortgages their home to buy 1000 shares of GME at $325 only to see it drop to $20-$30 a share.

[Hedgetrimmer]

Boomer as well. New generation has pulled the mask off and exposed Wall St. true identity.  For me, either Hedge funds have to go or the entire market is a gigantic fraud.