This pig will trade through next year.
They are winding this company now. Shareholders will in all likelihood get zero, however, it will trade for at least 6 months, as there are hearings scheduled through March, as of now. That means that it is probable that the shares trade for at least a year.
Unsecured creditors who aren't shareholders will get the majority of the money. But even though shareholders won't participate in the end, this will spike a few times before then, as there are only 9 million shares, and some shares will NEVER be sold.
There will be some wicked moves as the market maker plays around with shorts who cover between now and the end of the year, and then in 2014. If you have paid any attention to this at all, you can see what is going on. On the occasion that someone with a big block is looking to get out at any price, it will push it down, but it will usually bounce right back.
It shouldn't go much lower than is, if it does at all. This will be very very interesting to watch over the next half a year or so. There will be opportunities to make a killing if you pay attention closely.
The shares have to trade, as there is no way to get this to stop trading until the whole BK is concluded, and that is at least 6 months, and probably well over a year away.
