So, you're claiming that LAHO is claiming to go bankrupt or are you just wishing they did? Regardless, the shares are revoked and void. The naked shorts will not be able to produce the shares they borrowed because it will have a different CUSIP number. Fail to deliver. Short sellers will not be able to get new shares because they sold out their long position and actually have no shares. No matter how you slice and dice it, it still smells.
So let's get bankruptcy off the table. If that is of no concern, then what do you think will happen when the new issue comes out and they have to deliver. That is more relevant than LAHO declaring BK. What would be your thoughts on that.
News 
Market Data 
Discover 
