That's the very definition of a bag holder:
'Bag Holder' An informal investment term used to describe an investor who holds a position in a stock which decreases in value until it is worthless. Typically, the bag holder will hold the position for an extended period of time in which most of the investment is lost.
Hint: in the last 16 months as this stock has free fell there has not been any short squeezes and no margin calls. A free fall from $33 to $0.25 produced no short squeezes. And now you expect one? LOL, too funny.
Shorts have been eating lobster and steaks for months now while the bag holders have been eating Pop Tarts for dinner.
AA is the rare exception. There are literally hundreds of companies that have filed Chap 11 leaving the common shares worthless in the end.
It's looking like unsecured creditors are going to be taking a big hair cut which means that equity holders will get nothing.
Lehman Brothers's assets exceeded their liabilities by $66 billion in their Chapter 11 filing. So how much of that did the shareholders get? NONE
I'm enjoying the slow countdown towards the death of SUNEQ. The bag holders are getting more and more desperate with each passing day.
Numerous companies have recovered with common shareholders wiped out. Companies that recover with the common shareholders made whole are the rare exception, not the norm. Here are a few big names that filed Chapter 11 with common shareholders wiped out: General Motors, Lehman Brothers, Bally Total Fitness, CIT Group.
If that's the case then why is the share price down today and has been trending down for the last 3 days?