Barely.
There were many companies in the past year you could look at and wonder why anybody would buy that stock at any price?
Roblox is one. Never profitable. Millions of players. While every other game company was printing cash/profits out the wazoo they still could not be profitable.
You definitely were right - the stock was way overpriced.
Looks like their creditors are preparing for an impending BK - Bloomberg - Are you a robot?
At this point is it risky to sell to carvana ?
Could check not clear?
They are more likely to underbid anyone else and no one will sell to them.
they are max bid for me
Then run now, you have a week before BK…(Well really I think it’s Jan)
What’s the delta in the their bid and next highest?
Do you want to sif through BK counrt proceedings looking for a car?
I wouldn’t personally
$1.5K delta
@DG-X5 how’s that short position prediction playing out 
A large group of institutional creditors pacted together to negotiate as a single entity against Carvana, 70% of outstanding debt for the next quarter @ minimum.
If you’re going to move forward with them, I would do it today and not hesitate or delay the process on your end.
Apologies. I was more thinking %ages
If we are talking 2% delta - no worth the risk IMHO
If we are talking 20%… well… there is a conversation to be had.
Agreed. We are past the point where I’d accept a business check from them: cashiers check or GTFO
Even with a cashier’s check I would be cashing it ASAP. Not impossible to stop payment on it.
Semi-related, every time I read an article on Caravana failing I think of if I had just bought some long puts on Caravana when @Jrouleau426 started bashing them, I could be retired on a beach in French Polynesia right now.
Hey hey hey… I have only positive things to say about CVNA and VRM.
I’m finally fully out of both positions as of this morning and am consolidating on my BA and VEEV long bets.
To be fair I started shorting at $200 and it went to $350 from there. I was down a solid 70% at one point on my position. I shorted one last time at $350 and covered just under $100.
That short likely took a few years off my life with stress. It erased most of my oil gains at one point.
Wow Under $4 right now. 43% down.
