OTCPK:ARNBF - Post by User
Post by
oilnvstron Jun 11, 2012 7:25pm
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Post# 20001423
Price collapse
Price collapse It has been suggested that the fast price decline of the last 2 weeks is largely caused by Funds liquidating positions because they are prohibited from holding stocks with a price of less than $3.00. I heard that if a holding falls below this level the Fund must liquidate within 30 days.
ARN first fell below $3.00 on May 15.
I'm not entirely confident about the foregoing. Does anyone have any insight into the workings of mutuals and hedge funds and can confirm these didposoition rules?