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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