I think it would be impossible for a share to trade at 0. At worst the last trade would be .001 and there simply would be no buyers or sellers at that point in time. If the company went into receivership trading would stop at what ever the price was at the time. Eg if GGP announced on Tuesday it was broke the last traded price would remain at 1.7 cents but you would be unable to sell and would have to wait for the administrators to tell you if there is anything left for shareholders after the sale of the assets and the company is wound up.
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