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Re: GangstaRIB post# 10493

Saturday, 09/24/2016 4:37:40 PM

Saturday, September 24, 2016 4:37:40 PM

Post# of 65784
This stock , as is all penny stocks,, is not marginable--but you can purchase it and hold it in a margin acct---

Thereby, some day in the future it ever reaches the NASDAQ and becomes marginble---you can use a percrntage of its value to buy more or buy a different stock--and not add money to your acct--

The amount of margin is a percent figure established by the Federal Reserve---

Back in the '30s it was 10 percent----meaning you bot a $100.00 stock for $10.00