Replies to post #9673 on Bed Bath & Beyond Inc (fka BBBYQ)

[Prudent Capitalist]

There is a very simple and easy explanation for that. BBBYQ shares were cancelled and "extinguished" meaning they no longer exist. Thus, why you will never find them in any account or portfolio. When an entity merely goes under and the shares are not cancelled and extinguished the shares can still show up in your account for years with no value. And, there will NEVER be any margin calls on any accounts where BBBY shares were sold short and remained in short position on the date of cancellation and extinguishment, as all of those trades were wiped out, and no one in short position will ever have to cover those trades. All of the DD and rules on short sales in the BBBYQ total liquidation bankruptcy were posted here many times. In this case, as in all similar cases, no one in short position on the date of cancellation and extinguishment will ever owe anything to anyone on their BBBY short sale. They ended up being 100% correct on their trade and pocketed the 100% profit.

my BBBYQ shares have still not materialized in my portfolio. I've invested in the past, a couple of tickers where the company went under and the shares still remain in my portfolio under that ticker symbol with no value.
NOT THE CASE HERE.