Saw a post about James Clavell and I remember something that I did not understand when I read Noble House several decades ago.
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so the part where there was a run on the Noble House stock, Gornt was selling short on his Noble House shares in a scheme with Bartlett to takeover the Noble House. Noble House share prices on the HK stock exchange were on a nose dive with everyone selling their shares because Gornt was selling his shares.
question – what I did not get then (and now) was how can the Noble House go bankrupt just because its share prices were on a nose dive? The assets are still there. The businesses are still operating. How will the conglomerate just go kaput just because the share prices went south?
I have seen real life stock prices of listed companies go up and down in cycles and they did not declare bankruptcy when their share prices went south.
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by Bright-Historian6983