All American Pet Company Inc (AAPT)

[Leirum]

AAPT in the last 2 years gave plenty of opportunities to trade against the box. This has nothing to do with shorting, you Play against your Position (Nostro). Being done as well by most of the MM's. What is the risk on this strategy - Zero - worst case you lose your Position or part of the Position.
Of importance at the end of the game is, at what cost Price is your Nostro and do you believe in a Revival big enough to get you out with a nice Profit.
Conclusion then: Settlement date is then, when one either has liquidated all or get's liquidated because a stock is no longer trading.

Watching the bid side I get the Feeling that I am certainly not the only one playing the game.