So YELL made it into the news a bunch last week when rumors were flying of pending bankruptcy. The stock boomed 300% on the news, and the ticker made the rounds in other subs. This week, the company actually announced bankruptcy, chapter 13 liquidation. My question is, how would the stock not go straight to 0 (or very close) in this situation?
No open positions, just interested in understanding what feels like broken market mechanics.
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