alt Hacker News> "it owes a bunch of people money, so it should be worth more"
"it owes a bunch of people money so the only way for it to not be insolvent is it must be worth X, and if we're talking lower than X this is already a problem"
> "it owes a bunch of people money, so it should be worth more"
"it owes a bunch of people money so the only way for it to not be insolvent is it must be worth X, and if we're talking lower than X this is already a problem"
The point of valuation is NOT to make sure investors waste as much money as necessary to turn insolvent company to solvent.
It is to figure out what ia its correct price. Otherwise the financial system turns into a scam.