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Two words: counterparty risk. If GameStop goes under, I don't know where "customers who have pre-orders" end up on the line of 'creditors'.
by gfodor 13y ago
Two words: counterparty risk.
If GameStop goes under, I don't know where "customers who have pre-orders" end up on the line of 'creditors'.
- fiatmoney 13y agoSame as other unsecured creditors, unless the company convinces the bankruptcy court & the other creditors it's to the benefit of the business in the long run to give them what they paid for. Most corporate bankruptcies are restructurings, not liquidations.
- chadillac 13y agoThat's why I transferred all of my earnings to BTC via MTGoX. /s