This is all fake money. I can say that my hat is worth $6b, even prove it by selling a molecule of it to my buddy for $1, but that doesn’t mean I have $6b.
He might not be able to sell it, but he could get a loan off of it. That stock shouldn’t be worth anything, but unfortunately it’s too easy to have stock at crazy high valuations.
This is all fake money. I can say that my hat is worth $6b, even prove it by selling a molecule of it to my buddy for $1, but that doesn’t mean I have $6b.
He might not be able to sell it, but he could get a loan off of it. That stock shouldn’t be worth anything, but unfortunately it’s too easy to have stock at crazy high valuations.
Apparently it can’t be used as security either.
It’s hard to imagine a bank stupid enough to loan him anything against his stake in that company.
Not gonna be due to stupidity but more likely as bribery