Golpe the powers that be believed the hype that the wavoids would swallow anything that pushed down their throats on these boards. it happened for ever and those who saw it otherwise were painted with having some nefarious agenda every time. Thats just the facts. How many times did posters come after TKC and others who tried to lay out the numbers in a matter of a few posts add their spin to make things appear better than they were. I think they thought something was coming down the pipe at the time the had to put the paperwork in-and i have no idea what that was- whatever it was never materialized and this and the the terms of the repayment they had on the money they borrowed were the final blow from which they could no longer bullshit their way to continue as a going concern. They pretty much were bs'ing their way through the last decade of existence almost.
The trading you keep seeing are nothing more than how penny stocks get traded. Just moment on the trades with nothing behind them. I saw a bankrupt shell company trade under the ticker of AMPDW about 15 years ago with absolutely nothing behind it for months. I even bought and traded some just for the hell of it. But there was absolutely nothing of value in the ticker.
Buying up all shares won't stop lawsuits. An injured shareholder doesn't have to still own shares in order to sue.
Indeed, investors in a scam stock should dump their investment ASAP to avoid further decline, use the tax loss and THEN sue for damages. Often the fraud isn't immediately known but becomes apparent later as with Enron (and after criminal indictments in that case).
The important thing is the statute of limitations.
What is this bottomless bid? Just about any public stock can trade to some degree after the underlying business becomes defunct. The most aggressive buying comes from shorters looking to cover. In BK the shares stop trading as soon as the Bankruptcy Plan is approved by the judge. (and that often catchers "players" off guard).
Interestingly, bonds may continued to trade until they mature even if the business is BK. Old RadioShack stock was cancelled 2 years ago but the bonds still traded at about one cent on the dollar, the last I looked.
Extreme case: Pre-revolution Russian Czarist bonds from 100+ years ago trade vigorously.
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