Post by
rad10 on May 02, 2018 7:20pm
Why is this still trading at 40 cents..............
did the traders actually read the news release? - this is a 2 cent stock..........................
Comment by
WillyWally on May 03, 2018 9:54am
My thoughts exactly. It could be a last attempt at fooling clueless retails and making them waste money on a sinking stock.
Comment by
internalaudit on May 03, 2018 11:34am
We have already warned there here and I also warned on another site -- redflagdeals investing forum. If people don't want to believe us and are willing part with their hard earned money, then it's up to them.
Comment by
Undertheknife1 on May 03, 2018 2:53pm
The only reason a person would by would be to settle his short position. While it is true he will make 40 cents less on his short position when the stock goes to zero, he will get paid much quicker( 3 day settlement) as opposed to waiting until the broker writes it off. So someone who shorted it ,say for $ 10.00, will forgo the 40 cents for a quicker payment, as he has closed out his position.