Sino Agro Food Inc (fka SIAF)

[snow]

Traderfan "It's the absolute same situation whether you can sell or not. Right now you can sell SIAF for whatever 15 or 17 cents. That's how much money you have left from SIAF. Everything else is gone. Period. It's the same for a no bid stock."

In this case I don't agree with you. On Merkur there are no market makers. It could happen that there is no bid at the opening. It is nonsense to think that shares are worthless for that reason. SIAF has failed to honor all of its financial obligations. There might be a declaration of bankruptcy. All assets might be sold and the proceeds used to pay debt. In certain cases in such situation it turns out that there are more assets than liabilities. The difference is distributed to shareholders. SIAF has very little debt in relation to its assets. One possibility is therefore that dollars per share might be distributed to shareholders in the case of bankruptcy.