Celadon Group Inc. (CGIP)

[1manband]

Bankrupt companies are not viable shells. Any unpaid debt and liabilities will stay with the company, and no new company merging into the old one would want that burden. There are plenty of clean shells to merge into. Celadon isn't one of them.

With the changes by the SEC to Rule 15c2-11, CGIP will lose its public quotation at the end of this month. At that time, the stock will be almost impossible to trade, and will be functionally worthless.