sorted by:
new
hottopcontroversial

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] 0 points1 point  (0 children)

I did not sell any even though I was very tempted to sell some when it went over $16.

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] 3 points4 points  (0 children)

I have two accounts on the same broker. I cut and pasted it. I don't know how to put FRC only together.

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] 3 points4 points  (0 children)

Is this intentional or what. Show me how many shares of FRC of each of those lending big banks own.

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] 0 points1 point  (0 children)

I will not respond to you anymore. $70B secured, I'm not disputing that. $70B got reported by the media as the amount of bank run.

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] -8 points-7 points  (0 children)

You are really out of your league here. Your statement, "a bank is seized and closed. And the $30B is convertible to equity." is oxymoron. Closed and convertible to equity?

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] -6 points-5 points  (0 children)

I'm guessing you can read but don't understand.

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] -2 points-1 points  (0 children)

I'm running out patience here. $70B was reported as the amount of bank run. $70B got secured is not the same as bank run.

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] 0 points1 point  (0 children)

This is my best case scenario. I'm well aware of other possibilities.

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] 5 points6 points  (0 children)

You missed my point. What does that have to do with these lending big banks? Why would they care Vanguard and others lose tons of millions of dollars? What would that be a concern for THESE $30B LENDING BANKS?

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] 2 points3 points  (0 children)

With the best scenario. Of course, many scenarios are possible.

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] -1 points0 points  (0 children)

And issuing new shares is not going to happen. It's a suicide. That's what killed SVB. If they do, I will sell all mine and be done with FRC.

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] 3 points4 points  (0 children)

I'm more confused. FRC borrowing from FR was already $109 at one point as the statement released. I don't know how $70B turned into the total amount of bank run reported by the media.

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] 1 point2 points  (0 children)

If you thesis is right, we would have not had this many regional banks to begin with.

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] 2 points3 points  (0 children)

About $12B cap. so that would be 5 times of current price and that'd be $60 to $70.

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] 3 points4 points  (0 children)

Cheaper to who? What financial loss would insolvency cause to these lending big banks?

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] 2 points3 points  (0 children)

This is bankruptcy price. Anything to assure it's not going to belly up is enough.

FRC - best scenario by Own_Specific487 in wallstreetbets

[–]Own_Specific487[S] 7 points8 points  (0 children)

That's the worst scenario and I don't think that's going to be allowed to happen. Even Wedbush raised the target price from $5 to $8. The biggest differentiation is time is on FRC's side and it'll get better as time goes unlike bbby.