### Comment:
i agree. and given the % of shareholders that are large institutions, there's no way we won't see some serious legal fuckery to protect their investments

### REPLY:
California doesn't give a fuck and will make PGE a public company, but yeah it's going to be a battle. I remember in one of my undergraduate econ classes one of the professors was talking about options plays for a bankruptcy - maybe it was GM. Regardless, he and his buddies were all pretty smart, and loaded up on puts. Only one guy who bought 6 months out turned a profit and it was less than if he indexed. Unfortunately I forgot this anecdote before loading the fuck up on puts lmao

### END.