“Stocks that stop trading with no warning doesn’t leave any means to change the condition of your position be it long or short”
That is 100% false. The second that PWC was discharged and informed FINRA of the liquidations outcome resulting in FINRA suspending the CUSIP and deleting the ticker the stock became officially worthless. All one had to do was provide proof. All the proof needed was and is still available. FKA BioAmbers liquidation for a tiny fraction of its liabilities (roughly 5%) with Zero chance of recovery with the stock being deleted from all exchanges and forever having a value of $0.00 was all the proof needed to close out a short position. Any broker would tell you the same as once the stock is worthless with no chance of ever trading or recovering value that’s it end of story. The liquidation of FKA BioAmber selling off all assets and closing its doors for good leaves no chance of the creditors ever being paid as BioAmber Inc is gone.
For a short position it was a win win. All profit and no need to return shares as the shares are dead, worthless (due to liquidation) and not traded anymore.
Long position is stuck forever as is with a Zero balance that will never change.
Just because BioAmber failed miserably doesn’t mean that LCYB will.
The IP was sold to and vested free and clear to LCYB. If LCYB loses $1,000,000 or makes $100,000,000 with the IP it makes no difference as they own it outright.
Do govern yourselves accordingly
You need to learn how bankruptcy/liquidation works in the real world and stop listening to fantasyland.
