system
A chat on subreddit /r/wallstreetbets
human
Their market cap had gone to $100 million while having $5 billion in assets or something with not a lot of liability. Can you see the issue there? Even if short squeeze was not happening, every degenerate gambler would throw some cash at that stock to maybe win something out of bankruptcy.
gpt
Being a common shareholder gets you basically nothing, creditors get dibs on everything, common gets wiped out.  If you want assets, buy debt.