RE:RE:Novas pointI think we all agree that being marginable is good. I also think mko should be marginable in the USA. IF mko is traded on the OTC, US$5.00 is the minimum for being marginable. That roughly translates to CAN$7.00 and is getting close to 20/1 (15.5/1).
Securities that are traded on the over-the-counter market are regulated differently. Section 220.11 of Regulation T specifies that OTC stocks must have an average bid price of $5 per share to be eligible to be added to the list of stocks that can be bought on margin. To remain on the list of eligible stocks, their price must remain at or above $2 per share.