Any transaction that offsets or closes out a long or short position. Liquidation also refers to a situation in which a company ceases operations and sells as many assets as it can; the company uses the cash to repay debt and, if possible, shareholders.
Liquidation often has a negative connotation for this reason. Case Study If eliminating dividends, laying off employees, selling subsidiaries, restructuring debt, and, finally, reorganization under Chapter 11 bankruptcy fail to resuscitate a business, the likely outcome is liquidation.
The firm's stock was trading over the counter for 2¢ per share at the time of the announcement.
The liquidator is an authorised insolvency practitioner or official receiver who runs the liquidation process.
As soon as the liquidator is appointed, they’ll take control of the business.
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If a court convicted them of it, I've tried to note it, but you must presume nothing.