Corus Bankshares Inc. (fka CORSQ)

[jecht]

I wouldn't say that... There are other bankrupt (or FDIC seized) stocks out there with the exact same trading patern and roughly the same market cap structure.

close example:
Guaranty Financial Group Inc. (Public, NYSE:GFGFQ)
100 millions shares float.

So a low volume trading stock at such a low price with 50 millions outstanding shares doesn't mean that it's own by institutionnal investor. The retail guys think they got burned anyway and could have just leave it on their trading account and wait to sell on a dead cat bounce and maybe don't pay any attention to it as it's so low. Or they might have already sold and other retail like you are buying hoping for some good news that bring the stock price higher (for different reasons, not even linked to this board).

I've been following bankrupt stocks for the past couple of years and the business went quite crazy with all the banks seized by the FDIC last year. In my opinion it is not obvious that institutional investors own all the float less 5 millions shares.
This would be a really insane risk to take as a fund management company to open a position on bankrupt (or FDIC seized) stock, but you never know what they have in mind!