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Will Carvana file for bankruptcy before March 1, 2023?
20
Ṁ390Ṁ13k
resolved Mar 1
Resolved
NO

Context:

"Carvana shares tank as bankruptcy concerns grow for used car retailer" https://www.cnbc.com/2022/12/07/carvana-shares-tank-as-bankruptcy-concerns-grow-for-used-car-retailer.html

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@jack This resolves negatively.

They have $6 billion in debt, $0.5 billion cash on hand (as of last report) and are running at -$0.25 billion per quarter, they likely have closer to $0.25 billion cash on hand, which would mean they would literally have $0 by March, so it's all but assured.

I do think they're probably do it by the end of the year, but I think they'll make it to march

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