Destination Maternity Corp. (fka DESTQ)

[propert]

Think you will find that most brokers have gone to close-out only mode for this stock.

Yes, but since it is still trading, albeit small volumes, I was wondering how to leverage this situation and get onto the buy side. If people are forced to sell, there are bound to be some deeply discounted shares available. Someone may be cleaning up! Therefore, I refuse to list my shares for sale and may instead try to scalp some shares since there is indeed a market for them, albeit very restricted.

You may not even be able to realize a loss for tax purposes if you cannot sell these shares in any forum.

I think this is a common misconception. Even if this situation were to play out, brokers apparently have a "share liquidation" process that allows the tax filing to be done. If one can verify that a stock has no value and has been liquidated, one may also predicate their annual write-off on this, regardless of the broker's facilitation of the process.