In the vast majority of cases none remain - I don't have a scientific number but I'd guess at least 90%+. But bear in mind that with the vast majority of those, its pretty clear from the outset that they are FUBAR - so you don't wind up paying any attention to those. If there are 100 public company filings in a year, you probably only consider 20 as having potential. Out of that group maybe 5 pan out to some degree (because of the 10% that might make it - you probably miss the potential in 5 of em). As long as you don't get too attached, you can usually avoid losing 100% of your capital in the ones that don't work out. But sometimes, you basically have to say go into the auction where you know its make or break - the stalking horse bid won't cover the claims but you are hoping for earnest overbidding. The day after the auction, it either goes close to zero so fast you can't hit the bid to get out, or the auction results were good and you have your big winner for the year. SCRA won't go that way since there won't be any major core asset auctions. If SCRA goes bad, chart will look more like Northwest - the initial valuation numbers would hit the docket and leave nothing for shareholders (I'm assuming worst case here for sake of example), and the stock would take a hit to probably 5 cents - it wouldn't go to zero because someone will pipe up and object to the valuation numbers - just like in N.W. - it then hangs there until the objection is sustained - you get a pop - or denied - it then goes to .005 until you just wind up with a cusip number in your account where the ticker used to be. But you are right - they are all different - some drag out forever - up and down - and sometimes when it looks like its over its not. Look at tdfxq - don't buy it - but it spent the first few years in bk under a buck, then went to a 30 cents, then came back to a dime, then went to 50 cents and last I saw was back at a qtr - and I think it will go to zero in the end - SCRA has to some extent done this but tdfx a little different in that its sat there for 5+ years and has looked like a big fat zero and a homerun and switched back and forth between the two a couple of times.
