Don't quote me on this but I seem to recall that when all forms of trading in the security stop. For example, it's even booted off the pink sheets, that the government assigns it a per share value of something like $.000000001, and deems the transaction closed and the profit realized and therefore puts their hand out to collect their share from your winnings.
Well I was short and my position did get closed automatically at the last traded price (.19 approx) and an equivalent size got allotted in the new symbol i.e. LEHMQ, I finally closed the position at 0.06 approx yesterday.
So true! Causes the weaker traders to stard doing the math on "how much would I have made had I bet the farm on this one trade? I won didn't I? I bet I'd be rich!!! Maybe I'll do it next time around." :eek: :eek: :eek:
If the stock goes to zero you own the company , it happens all the time. With Lehman I would pimp out the secretaries or any other hot Lehman employees as we know they are not too good at math. I am sure they will bring you a higher returns in other activities.