Replies to post #1312 on Citadel Broadcasting Corporation (fka CTDBQ)

[fAtnhapy]

Why would they cover? Let the shares be canceled. Covering would only create a taxable event.
fAt

[stuij]

So they shorted at above 0.02 and are covering in 0.01, thus almost doubling their investment, if I get this correctly. But how can they short this, if its known this stock is heading for ZERO. This is the first time I dealt with BK stock.