BLIA.Q is one of the more unusual tickers on the OTC markets — the wind-down vehicle of the former Blockbuster Video empire, now trading at fractions of a cent with almost no meaningful activity to speak of.
The most striking data point this week is the price itself. BLIA.Q closed at $0.0125 on April 28, down 10% on the day, yet still up 525% from a month ago. That kind of move on a liquidating shell company has nothing to do with fundamentals. It reflects thin-float speculation in a name with virtually no institutional backing and no operating business.
The lending market tells the same story of irrelevance. Short interest has been frozen at exactly 3,390 shares for every session in the past 30 days — unchanged to the decimal. Borrow availability is essentially unlimited, with the lending pool almost entirely unused. The most recent cost-to-borrow reading dates to May 2024 and is flagged as stale; before that, data stretches back to 2018-2021 readings in the low single digits. None of this is actionable for a short thesis — the float is too small and the position would be immaterial.
The ORTEX short score of 25.5 has been remarkably flat, drifting in a tight band between 25.1 and 25.6 all month. That kind of stability in a score built on short-side signals simply confirms there is no meaningful short interest story here. Nobody is building a position in either direction through the borrow market.
Institutional ownership is nominal. Only two holders appear on the register — IAT Reinsurance Company with roughly 108,000 shares (0.05% of shares) and a Spanish investment manager with 58,700 shares. Combined, they hold less than 0.08% of the company. The most recent insider trades on record date to 2011 at the earliest, with Carl Icahn's large sales going back to 2010. All of that data is deeply stale and carries no weight here. Dividend history references Blockbuster Inc. payments from 2008-2009 — a different era entirely, and a different legal entity.
What BLIA.Q actually represents is a post-bankruptcy liquidating trust, essentially a claims-collection vehicle, with no operations, no earnings calendar, and no analyst coverage. The 525% one-month price move is the only live data point worth watching — and in a name this illiquid, even that number deserves heavy skepticism. Any single small trade can move the reported price materially. The thing to monitor is whether that price spike attracts any increase in short interest or borrow activity in the coming sessions, which would at least signal that someone sees the move as an opportunity to fade.
See the live data behind this article on ORTEX.
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