Bed Bath & Beyond, a popular meme stock, continues to trade at high volumes despite its impending declaration of worthlessness. The company filed for Chapter 11 bankruptcy in April and has been closing its physical stores. Its intellectual property was acquired by Overstock, which relaunched the business as an online-only retailer. The company's stock is expected to be canceled, leaving common shareholders with no recovery. The confirmation hearing for the bankruptcy plan will take place on September 12. Bed Bath & Beyond's stock has plummeted more than 91% this year and closed at $0.21 per share on Wednesday.