John_Hempton on X
we do not. But if we did our broker would show us as short Next Bridge and require us to keep collateral either until we covered Next Bridge or Next Bridge itself was liquidated and ceased to exist. I would be trying to find longs who wanted the tax loss and buying Next Bridge from them. I might pay 10c a share which is 10c more than it was worth. There is only a couple of million shares to cover - and I probably could. But it is not guaranteed. In this case though it probably isn't necessary as Next Bridge is going to get liquidated. Next Bridge shares will be cancelled as surely as $BBBYQ were cancelled.
