I didn't say "It’s used in trading everyday" I said " the mechanism is used every trading day". Every trading day there is a stock that uses that mechanism to distribute cash.
Lans investors still have the stock they held recorded with their brokers as it was a publicly treaded company. where else is it going to go? the only other place would be for it to be written off for tax proposes. In that case of tax loss, they are not eligible for it anyway. So...