[Chewbarkah]

Stock price has collapsed from $70’s to under $8 a share since 2017. Bankruptcy seems to be looming. How does Comrade Newsome think PG&E can raise the money for building a safe electric distribution grid? Can’t issue new stock when the existing is almost worthless. Can’t borrow from anyone sane. Newsome needs to get it into his skull that this is going to end up as a state bailout — giving away cash now is insane. Hopefully PG&E will tell him to F himself more than usual.

[Mariner]

” Bankruptcy seems to be looming. “

They are already in Federal bankruptcy court.

And I cannot see that judge agreeing to taking on any additional costs/expenses...especially the frivolous ones.

[Zhang Fei]

[Newsome needs to get it into his skull that this is going to end up as a state bailout — giving away cash now is insane.]

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CA has been flush with tax revenues from IPO’s. It can afford the hit. The question is what happens when the IPO machine grinds to a halt.