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Author: kschoenberg Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 44599  
Subject: Re: Short to Chapter 7? Date: 1/30/2001 3:51 PM
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Right, but if there are no shares to buy to cover because the shares are basically no value...you can't cover.

I think the guy who posted about the different types of bankruptcy is probably closest. Although, in case of Chapter 11 you probably buy to cover at about .01/share. Lots of brokers will buy Chap 11 company shares at that price as a low cost gamble that the company will emerge or get purchased (like Ames did with Jamesway a few years back).

...k
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