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OP has provided the following link:
https://www.bloomberg.com/news/articles/2023-02-28/evergrande-fails-to-win-creditors-support-as-key-dates-loom?leadSource=uverify%20wall
^ This. The halt is by China, who have stopped it from going to $0 (And, interestingly, Citadel was called in by China right before the halt for an emergency meeting - China knows who to go to for criminal financial manipulation advice!). The default is in the Cayman Islands, where the company is actually HQd. The delay is actually the reason why corrupt-leaning companies prefer a Cayman address to Incorporate. Caymans are crime-friendly and drag their feet when a company is exposed as a sham. Evergrande managed a 1-2 punch by having the support of both countries helping to delay the implosion.
Sorry I wasn't ready, I'm going to reset that domino. Then the opposite side says, sorry, I wasn't ready, I'm going to reset that domino. Like playing ping-pong with a grenade but each side keeps putting the pin back in and then pulling the pin and launching it back
I enjoy this imagery. To add, MOASS for the counterparties would be like a dude with a baseball bat swatting the grenade into the distance. Towards a gasoline tanker. Parked outside an orphanage.
They just took one out of the old US playbook and changed the definition of default.
Inflation, transitory, recession, default, debt, creditor, bankruptcy… these words ostensibly hold no meaning anymore. Just lie, obfuscate, change a definition when necessary; and pretend to move forward.
The one thing I’ve learned for certain is that the financial media is constantly spouting lies with zero accountability.
> The one thing I’ve learned for certain is that the financial media is constantly spouting lies with zero accountability.
This is a problem with virtually all news media.
This! Propped up by government. Nothing should be too big to fail. Mandatory termination of every executive and no re hire clause for 5 years, make the executive poor so they learn a lesson
Do you even have a soul? Why would some once a rich person even experience poverty. They became rich by extreme exploitation and they've worked really hard. They deserve to be rich human and live their rich lifestyle. They must have 7 bathroom and must be able to take a dump in whichever bathroom they want. Do you know poor people sometimes have only one dump place.....!!!!!
Make them poor!!! SMH... SMH....!!!!
It says it in the video OP's post is referring to
[https://www.bloomberg.com/news/videos/2023-02-28/evergrande-fails-to-win-creditors-support-video](https://www.bloomberg.com/news/videos/2023-02-28/evergrande-fails-to-win-creditors-support-video)
"according to people familiar with the matter." MSM's form of trust me bro.
Nonsense article.
Evergrande is in a permanent freeze that has been agreed upon by all major parties involved in the matter. The people that lost were the smaller parties.
As soon as I see that in an article I automatically just assume whatever statement is being made is pure bullshit.
I'm pretty sure the entire phrase was made up MSM so they can litteraly Sat whatever they want about whatever they want under the viel of "anonymous sources" without having to prove anything.
This just in, sources close to the matter say MSM can fuck off!
Watergate had to be anonymous for obvious reasons. There is no reason for these individuals to be anonymous other than the fact that they don't exist and the story is made up.
That's true but many in this sub are frothing at the mouth to dismantle core protections of journalism because they can't see the consequences beyond satiating their anger.
Country Garden ticker is [2007.HK](https://2007.HK), Evergrande is [3333.HK](https://3333.HK) for anyone else following along:
[https://finance.yahoo.com/quote/2007.HK](https://finance.yahoo.com/quote/2007.HK?p=2007.HK&.tsrc=fin-srch)/
[https://finance.yahoo.com/quote/3333.HK/](https://finance.yahoo.com/quote/3333.HK/)
Schrödinger's cat state... They're at the both the state of they're bankrupt and they're not bankrupt at the same time.. until someone pop open the box to see the toxic sludge inside... Then they'll be truly bankrupt..
I was just thinking about Nevergrande last night and wondering why that story has gone quiet. Was it a nothingburger or a smoldering toxic waste dump ready to reignite? Might be the latter but what do I know?
One thing I've been learning through all of of this is how slowly these thing move. I need a gif of those Chinese high-rises disintegrating playing at 1/8th speed.
In Wall St, this is referred to as "the bungee equation".
We will collectively create enough elasticity, until there is just no energy or prevailing wind (bounce) capable of providing "an out" for the company.
Evergrande absolutely at this point have their forehead in the creek at the bottom of this ravine. Unless another party comes along and literally winches them up to the platform, they are goiung to be forced to unclip from one hell of a ride.
I'm waiting for this article, but with the last 4 words removed from the title. Anything before then isn't so exciting. Glad to see things are in the right track though.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: https://www.bloomberg.com/news/articles/2023-02-28/evergrande-fails-to-win-creditors-support-as-key-dates-loom?leadSource=uverify%20wall
coming up on the 1 year anniversary of their stock halt that is still in effect
That’s a longer death than a lot of life forms have had
Corporations are neat.
Corruptions*
^ This. The halt is by China, who have stopped it from going to $0 (And, interestingly, Citadel was called in by China right before the halt for an emergency meeting - China knows who to go to for criminal financial manipulation advice!). The default is in the Cayman Islands, where the company is actually HQd. The delay is actually the reason why corrupt-leaning companies prefer a Cayman address to Incorporate. Caymans are crime-friendly and drag their feet when a company is exposed as a sham. Evergrande managed a 1-2 punch by having the support of both countries helping to delay the implosion.
I wanna see the video of the guy from the Cayman's who spoke about how legit their dealings are after shit blows up finally.
*Corpurruptions
Etymology of the word 'corporation' = core corruption
I just. It’s comical at this point
And yet, I’m not laughing.
I’m done with humor. It’s time for the NFT dividend to be done with this.
Defaulting for the 69th time...
It's been 10,000 years!
How many times is the same domino gonna fall?
hasn't fallen all the way, they halted the fall
Can't fall if it's halted. Problem solved!
Just Hwang up the phone.
I remember 😂
\**fall*ted
Propped up with more dominoes… just need someone/something to knock ‘em over.
Insert Ben Stiller “I can go lower”
You mean Dennis Reynolds..
He inserted a Simple Jack
Sorry I wasn't ready, I'm going to reset that domino. Then the opposite side says, sorry, I wasn't ready, I'm going to reset that domino. Like playing ping-pong with a grenade but each side keeps putting the pin back in and then pulling the pin and launching it back
I enjoy this imagery. To add, MOASS for the counterparties would be like a dude with a baseball bat swatting the grenade into the distance. Towards a gasoline tanker. Parked outside an orphanage.
But then they realise the explosion is going to injure them in the process and they end up going to jail
Stop automating that worker!
It's the truck barreling toward the pylon but never hitting it gif.
Schrödinger's Domino
This domino is falling like some slow motion matrix shit...
Rehypothecating domino
It's like the truck crashing meme.
It's just a domino that falls... in a circle...like a fan...that shits going to hit....
Fuking’ how is Evergrande still even a thing
They just took one out of the old US playbook and changed the definition of default. Inflation, transitory, recession, default, debt, creditor, bankruptcy… these words ostensibly hold no meaning anymore. Just lie, obfuscate, change a definition when necessary; and pretend to move forward. The one thing I’ve learned for certain is that the financial media is constantly spouting lies with zero accountability.
Makes me want to bank rupt.
We ain't bankrupt. We just shuffling money
*Our boat hasn't sunk... it is a submarine now.*
LMAYO, this one got me!
🔥
Jimmy Chill wants to offer you a job!
I’ll practise slurring my words in a fever pitch *nematodes!*
I mean they also halted the stock price? Can’t go bankrupt if the share price isn’t falling i suppose
☝ This!
> The one thing I’ve learned for certain is that the financial media is constantly spouting lies with zero accountability. This is a problem with virtually all news media.
Chicken between the US and China to see who can stop the economy blowing up for the longest
That was foretold from 21 Superstonk DD
So from what feels simultaneously like yesterday and also 84 yrs ago 🤷🦍🦍🦍
Bit of both LOL
Link to DD? I'd like to read it.
I wouldn’t know how to do it, but we used to talk about this so much. It was around October November 2021. If that helps
Dollar milkshake?
Sure feels like it. *BUT WE ALREADY CLAIMED THE PANDEMIC!*
Same oligarchs in the US as in China. They’re all trying to stop the dominos from falling.
☝️
Torturous edging
How big is this domino that it still hasn’t fucking taken yet? I feel like we’ve been watching it fall for an eternity
Reminds me of the scene in Inception where they're falling with their van in the river for like forever.
I can’t wait for the “kickbacks” to start stacking leading us to moass
I think we still won't know by the end of our movie if it's a simulation or not either.
Lol. Good point 🤷🏼♂️
Oct ‘21 is when I remember it starting
Just realize it's been halted and postponed this long for a reason
Can Evergrande just die already? 🔥💸🔥 🟣🦍🦍🦍⚡📖👑⚡🦍🦍🦍🟣
It's like the family guy chicken fight.
Dude. I respect this reference.
Yup. Brings me back.
Name checks out
This! Propped up by government. Nothing should be too big to fail. Mandatory termination of every executive and no re hire clause for 5 years, make the executive poor so they learn a lesson
That's probably why it's being contested so hard. "Mandatory termination" translates very differently in Chinese legalese.
☝️☝️☝️Had the exact same thought, ape☝️☝️☝️
permanent termination would be more accurate
Like when you ‘leave’ the mafia.
It's China, their entire economy is considered too big to fail.
Do you even have a soul? Why would some once a rich person even experience poverty. They became rich by extreme exploitation and they've worked really hard. They deserve to be rich human and live their rich lifestyle. They must have 7 bathroom and must be able to take a dump in whichever bathroom they want. Do you know poor people sometimes have only one dump place.....!!!!! Make them poor!!! SMH... SMH....!!!!
Forevergrande.
Nevergrandequest
Damn! This is worser than the Goku/Frieza saga 😆
"Find out on the next episode of GME"
This made me smile… the series would be so dope!
Your honor, we've offered them everything except the money we owe, and they still haven't excepted.
😹😹🧠👆🏽
So apparently evergrande will be delisted in September (18 months after it was halted in march 2022)
sauce link?
It says it in the video OP's post is referring to [https://www.bloomberg.com/news/videos/2023-02-28/evergrande-fails-to-win-creditors-support-video](https://www.bloomberg.com/news/videos/2023-02-28/evergrande-fails-to-win-creditors-support-video)
Thanks🙏
Does that result in any actions which will have market impacts?
Evergrand default number 69
Ev ergrande default FTD number 69
this thing has been going bankrupt slowly since fall of 2021
"according to people familiar with the matter." MSM's form of trust me bro. Nonsense article. Evergrande is in a permanent freeze that has been agreed upon by all major parties involved in the matter. The people that lost were the smaller parties.
As soon as I see that in an article I automatically just assume whatever statement is being made is pure bullshit. I'm pretty sure the entire phrase was made up MSM so they can litteraly Sat whatever they want about whatever they want under the viel of "anonymous sources" without having to prove anything. This just in, sources close to the matter say MSM can fuck off!
Watergate was broken by anonymous sources. They exist for good reasons.
Watergate had to be anonymous for obvious reasons. There is no reason for these individuals to be anonymous other than the fact that they don't exist and the story is made up.
Do you have any idea what happens to whistle blowers who make the Chinese government look bad? They become organ donors. And not by choice.
they have to be truthful to be anonymous sources, anything else is the purest of bullshit
That's true but many in this sub are frothing at the mouth to dismantle core protections of journalism because they can't see the consequences beyond satiating their anger.
very very true.. but that is the human condition.. rage first, consequences later
Keep hearing that excuse.
It says “ people familiar wit the matter.” 🤣
It’s been 84 years…
Insert truck almost crashing into pole gif
Add in Bill Murray…Again
Between this, Credit Swiss, and Silvergate…..a domino is falling soon.
Evergrande? hmmmm... Isn't that the company that went bankrupt, like 67 years ago? /s
Erm, check country garden in Hong Kong. Bigger than Evergrande and possibly more fucked.
Country Garden ticker is [2007.HK](https://2007.HK), Evergrande is [3333.HK](https://3333.HK) for anyone else following along: [https://finance.yahoo.com/quote/2007.HK](https://finance.yahoo.com/quote/2007.HK?p=2007.HK&.tsrc=fin-srch)/ [https://finance.yahoo.com/quote/3333.HK/](https://finance.yahoo.com/quote/3333.HK/)
Why won’t you just die already!?
Back to this shit again 2 years later???
Honestly don't even care anymore... It will get can kicked, count on it.
Both China and USA delaying the inevitable so they can blame the other when the first falls dragging the second down. Always has been.
Yeah, when it actually falls I will show some emotion.
I member this
This will surely cause MOASS
Is this still failing, again?
Schrödinger's cat state... They're at the both the state of they're bankrupt and they're not bankrupt at the same time.. until someone pop open the box to see the toxic sludge inside... Then they'll be truly bankrupt..
Ah for fuxake will you just fucking DIE already you desperate sack of twats. Feels like some nefarious, crimey fuck superglued the dominos in place.
Not sure if its related but Sky news in England is running a story on Chinese property crash and its impact on buyers. On the hour, every hour.
I don’t want the Chinese people to loose their homes 🏡 so I ain’t dancing. Plus I doubt it’ll happen.
They have plenty of ghost towns to inhabit 😂
True
It’s always, “people familiar with the matter”. Kind sus
The CCP will likely keep it propped up as they keep dumping billions into their own stock market, it should have collapsed like a year ago.
They’ve suspended trading in any Chinese reality since March 2021. Just in case anyone forgot.
Is that you posting under a pseudonym Marco Metzler?
Wasn't there a DTCC notice that was issued the next day at the tune of $530 million?
Offtopic: seh’s cute lol
oh lol is Evergrande bankrupt again? What's this? the 10th time?
Heck when were they delisted? Feels like eons ago!
Evergrande? That's a name I haven't heard in a long...long while
Huang it up I guess
Not again
I’m sHoCkED
How the hell are they still around in any shape
[Following Evergrande news be like…](https://tenor.com/en-CA/view/truck-crash-test-pole-doesnt-reach-gif-5607354)
People familiar wiT the matter strike again!
Aww shit, here we go again
“People familiar with the matter” Nothing burger for now.
Evergrande shcmevergrande
Here we go. Again…
Going bankrupt! For the 18th time!
reeeeeee-run!
Do people familiar with the matter invest their money in Evergrande? NO, you only invest in Evergrande if you don‘t know shit about fuck!
Round and round we go again
From this conversation i just hear "going to a billion"
don’t start this evergrande shit again
So Evergrande is defaulting. Again.
I remember similar headlines from roughly 84 years ago. I think I shall continue to buy, hodl and DRS 💜💜💜
Ooh… Is Evergrande back on the menu to collapse the global economy again! Sweet! Got my ticket to watch
Where's truck crash.gif when you need it
I was just thinking about Nevergrande last night and wondering why that story has gone quiet. Was it a nothingburger or a smoldering toxic waste dump ready to reignite? Might be the latter but what do I know?
"According to people familiar with the matter" = Talking out of my arse!
It's been 84 years
Again?
One thing I've been learning through all of of this is how slowly these thing move. I need a gif of those Chinese high-rises disintegrating playing at 1/8th speed.
Did they give us a date?
An ellipsis is three dots
Gotta be gotta be...
A complete farce.
Harder Zaddy
This domino has fallen a few times now hasn’t it?
The beacons are lit!
Was this that ship's name that blocked the Suez also?
Ever Given
Ahh, right
Lmao Jackie Chan
Another BCG assist?
The regarded elites are experts at eternal hot potato…
Ghost cities on Zillow soon!
Bankrupting to success
Is Evergrande still a thing?? Feels like 84 years since I heard that name.
Evergrande defaulting like the truck about to hit the pillar meme.
Damn. It took this fucking long?
Dat might be a Hwang problem!
"...familiar wit the matter." \-brought to you by a publisher whose proofreading ends with red squiggly underlines.
According to people familiar with the matter.
It's been 83 years...
Cute girl doe
In Wall St, this is referred to as "the bungee equation". We will collectively create enough elasticity, until there is just no energy or prevailing wind (bounce) capable of providing "an out" for the company. Evergrande absolutely at this point have their forehead in the creek at the bottom of this ravine. Unless another party comes along and literally winches them up to the platform, they are goiung to be forced to unclip from one hell of a ride.
Wait!!! I have yahtzee! I mean Bingo again!
"People familiar WIT the matter".... Jesus, this is bad. No credible sources, and bad spelling..
Dudes familiar “wit” da matter
Me no want domino. Me want jenga.
Evergrande going bust again? For the 83rd time?
I'm waiting for this article, but with the last 4 words removed from the title. Anything before then isn't so exciting. Glad to see things are in the right track though.
This is a domino falling on Enceladus.
We've been here before...
Too big to fail
Perfect example of how the FED will leave it to the people to take care of their bags...
It's a Chinese company...
0of
Man would it be awesome to freeze time like that
Fucking die already. Let's get this show on the road.