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by SideQuark
441 days ago
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That does not value X at $44B as the poster claimed. It also states “ These floating-rate debts have an interest rate of around 11%, making the borrowing costs several percentage points higher than even the riskiest loans on Wall Street.” which is a spectacular admission the markets put X on incredibly shaky ground. X being forced to sell off debt at such extraordinarily bad terms means X is likely about to implode. |
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