Replies to post #210202 on InterDigital Inc (IDCC)

[my3sons87]

Plum I think if they were a naked short there would be no shares to change hands. But the person who allowed the short position may have to come up with some type of coverage.

[paheka]

More than likely transferred to Lehman.

[jangis]

If a company went bankrupt I assume the first thing the broker would do would liquidate their trading account to cover their short margin. In order to have the short they have to have some stocks worth value to cover their margin when they short.

[felix7]

What I worry about is if the CEO of BS is going to be OK and still got huge pay for this and last year and his gross bonus. It's a lot of work being criminally negligent.

[GE_Jim]

plumear,

You asked a simple question. The answer you seek will not be. Sure a simple answer could be given, but it would not be correct. The current ethics of Wall Street does not allow for it. Think of the up front bonuses, compensation plans etc that have already been paid for these failures. All the while KNOWING there would be these failures due.

You are looking for a honorable answer, and while a person could go thru the various options under that light, well, were talking WALL street here and they would not occur.

BSC I believe without looking up was 160 a share stock last year. 2 dollars now on the buyout. Just about a BK isn't it. Think they had help? Any short plays in there from there counter parts?

They mentioned 1/3 of all shares are owned by the workers of the company. I guess they didn't see it coming, interesting to me that they didn't. Dog eat dog I guess.

Not the same but it still brings thoughts of Enron back.

I know this isn't the answer you wanted, but you wanted a "see spot run" as you pointed to "war and peace". The better question, as least more fun is were that money all went. That's the interesting part.

Anyway, kind regards.

Oh, btw still in the boat with you, in fact bought a little more today.