Complete Genomics, Inc (GNOM)

[RxJoshRx]

If the common stock is cancelled, what does that mean for all the shorts, so something like 15-17% of the float right now I believe? I thought if your are short and a company goes bankrupt, you don't have to pay taxes in those gains, but what about if the shares are worthless?

Everyone lose? I'm hoping for a good day today, and may look at getting out if it gets in the higher teens today.