Paychest Inc (PYCT)

[poopscooper]

Discussed here years ago,Again we go back to the cost of shorting a stock.
Only a clown would short a 0001 unless he gets the ok from the company that it all smoke and mirrors.
What makes more sense here is NSS...someone selling 0001 paper
but again needs confirmation that it all smoke and mirrors...so far so good they well informed...6=years nothing happening and no info on pyct except calling pyct.



For example at the broker that I use, you have to have $2.50 margin per share to short a stock under $2.50. So if you short 1000 shares of a stock at $2, you have to have $2,500 in your account ($2.50 x 1000). If you want to short 1million shares of a stock at .0001, you have to have $2.5mllion in your account, and 1million shares at .0001 is only $100. So it wouldn't make sense to do. The bright side is that if you do short somethign down there, you won't get a margin call unless it exceed $2.50, which isn't very likely for a .0001 stock. But again, you'd never short $100 worth of a penny stock if you had $2.5 mil in your account.