[TimAlerts] BINDQ halt and cancelled

[TimAlerts] BINDQ bankruptcy plan declared effective: https://cases.primeclerk.com/BIND/Home-DownloadPDF?id1=NDc0Mjk0&id2=0 -- it should halt, likely before the open

[TimAlerts] and if you're short BINDQ there are some serious risks to holding through that event that you should understand

[TimAlerts] reminder in case anyone is a BINDQ bagholder -- according to the bankruptcy trustee it is likely that tomorrow the bankruptcy plan will become effective (and the stock will get halted and go to zero).

[TimChallenge] And if you are short BINDQ and haven't done your own due diligence than I'd also recommend covering today because there is a very, very small risk of litigation that could theoretically last years (tying up your capital the entire time) after the old stock gets cancelled

[TimChallenge] Just in case anyone in here is short BINDQ -- if you have a small account, I highly recommend covering before the end of today. If the bankruptcy plan does become effective tomorrow I would expect it to halt soon after that is announced (within a couple minutes) and your money could be tied up for weeks or months while the stock is deleted

[TimChallenge] BINDQ

[TimChallenge] BTW BINDQ :)

[TimChallenge] The main risk with that trade of course on BINDQ is shorting something so cheap sucks up a ton of buying power -- you need $2.50 in cash in your account per share you short

[TimChallenge] No shares to short BINDQ at Etrade