You would be amazed, the muppets pile in
You would not believe, no matter how much you try to explain the process to some people; how they can't or won't understand what is going on and what is going to happen. Some even buy more shares!
Over at Allied Nevada Gold (ANVGQ) there were people buying right up until the effective date was entered and the shares converted in almost worthless warrants that do not trade on any public market, and may never trade again, that were buying.
Over at Radio Shack (RSHCQ), there was one 'investor' that held onto the shares right up to the cancellation, I think they even added to the position, and even now still has some hope that the company is going to make a comeback and is 'holding' onto the shares!
Louis J. Desy Jr.
