jtomm, that's definitely a worse situation. That's enough to give anyone a heart attack! In addition, I'm sure you couldn't buy anything in that account with a half million in negative equity!
I was thinking the same thing: I wouldn't want to be the guy missing the securities.
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.