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URL:  https://boards.fool.com/ranshdow-as-i-said-earlier-the-underlying-desks-34338646.aspx

Subject:  Re: Sold My PCG Bonds Date:  11/8/2019  3:06 PM
Author:  Arindam Number:  36686 of 36716

ranshdow,

As I said earlier, the underlying desks scoff at attempts to sell odd-lots and low-ball their bids, if they bother to bid at all. Also, I don't know why that issue isn't trading. Right now, the quote line at IB is as follows:

no ask. Last is c101.250 (meaning, the bond hasn't traded today). And the bid is 85.550 x 1500k (meaning, some institutional wants a lot of them, but only at a steep discount.

In short, you're long the bond and can't get out unless/until some news event prompts buying, such as progress on how the BK will proceed and some indication the bondholders won't be totally screwed.

Arindam
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