Mike The Pike Productions Inc (fka MIKP)

[imiloa]

...and the kicker with short selling a delisted/bankrupt stock
is that, if it never trades again,
you never need to close the transaction on your books
which means you never need to pay taxes
on the profits from the original short sale.

easy money for the cheats running the casino.

to be clear,
i have no idea if our shares are still "borrowed" by folks
who never expected MIKP to trade again.

but it wouldn't surprise me.
if someone held a short position into the delisting,
they would even be able to buy shares to cover,
so why would they even try
when doing so would require paying taxes
on the money they'd already pocketed on the original short entry.