Replies to post #48 on Kaiser Aluminum Corp (fka KLUCQ)

[sal826]

It doesn't have to be a chapter 7 for the current stock to be deemed worthless coming out of bankruptcy. Then they can issue new stock and start all over from scratch. But with that said, I'm starting to wonder if they are honoring that original stock.

[Stock]

In this case, naked shorts are a good thing and never have to cover. Once the shares are cancelled, those that are naked short profit by all the shares they shorted.

Some stocks are on the Reg SHO list for good reason.

Trade the stock all you want, but if someone thinks they are going to get something long term out of this stock, someone has been given to false hope.