Inevitably this instrument is going to become a penny stock at some point, so are they just going to reverse split this thing to death or what?
Are you a troll?! Anyway, FAS and FAZ are Financial WMD that were unleashed upon the greedy public...and promptly blew up in their faces. The bankers and brokers have the last laugh!!!
once it's trading in the pennies then it's pretty much the same as buying a put option... just that you don't really know the strike price... or the expiration date...
Liquidate it, I guess. FAZ shareholders don't own a piece of a company but a share of a trading position (short financial stock, party to some kind of total return swap or something akin to that). When that position gets worthless, the fund has to be unwound. JMHO. That's a legitimate question, by the way. Will apply to other leveraged entities.
No, I'm not a troll you degenerate child, it's a perfectly valid question that you clearly do not have the answer to. Thanks to the other replies, much more mature than the first one.