SureTrader Nadex Advertisement SureTrader
Home > Boards > US OTC > Oil/Gas/Natural Energy Production > MMEX Resources Corp. (MMEX)

You do understand that IB enforces the $2.50

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
I-Glow Member Profile
Member Level 
Followed By 354
Posts 38,000
Boards Moderated 0
Alias Born 01/01/12
160x600 placeholder
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/27/2017 6:12:07 AM
These Energy Companies May Have Significant Potential and Initiating Coverage on a Mobile Tech Company "InvestorsHub NewsWire" - 4/20/2017 9:00:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/17/2017 10:19:37 AM
USMJ Experiencing High Volume On Verge Of PPS Breakout With Stock Rated Very Bullish And Major Short Position Getting Squeezed "InvestorsHub NewsWire" - 4/6/2017 11:49:40 AM
USMJ and PURA PPS Rocket Launch Potential Triggered By Major News Forcing Short Squeeze "InvestorsHub NewsWire" - 4/4/2017 9:15:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/3/2017 1:23:43 PM
Amended Quarterly Report (10-q/a) "Edgar (US Regulatory)" - 3/29/2017 1:18:07 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 3/28/2017 2:51:25 PM
Halitron, Inc. (OTC Pink: HAON) Signs LOI for $4.5 million Acquisition Target, First Since Non-Toxic Funding "InvestorsHub NewsWire" - 3/20/2017 6:40:00 AM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) "Edgar (US Regulatory)" - 3/17/2017 11:17:20 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 3/13/2017 12:56:48 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/10/2017 8:31:03 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 2/24/2017 2:47:11 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 2/13/2017 8:16:34 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 2/3/2017 12:02:03 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 1/30/2017 11:12:12 AM
Annual Report (10-k) "Edgar (US Regulatory)" - 1/13/2017 4:51:46 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 12/6/2016 11:29:06 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 12/5/2016 10:23:24 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 12/5/2016 8:13:34 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 11/17/2016 6:11:55 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 11/15/2016 1:23:43 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 11/1/2016 2:09:59 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 11/1/2016 1:34:03 PM
Annual Report (10-k) "Edgar (US Regulatory)" - 7/11/2016 1:50:45 PM
I-Glow Member Level  Monday, 03/20/17 08:00:45 PM
Re: pennybuyer11 post# 14757
Post # of 50153 
You do understand that IB enforces the $2.50 rule - so call them up and ask if you can borrow 1 million shares of MMEX - then they will ask if you have a Margin account with $2.50 million in it.

From IB:

Maintenance Margin = $2.50 if Stock Value <= $2.50

"For short positions, the maintenance requirement on stock greater than $5, is $5 per share or 30% of the stock value, whichever is greater.  For short positions in stock where the last sale price/share is less than $5, then the maintenance margin requirement is $2.50 per share or 100% of the stock value, whichever is greater."

http://ibkb.interactivebrokers.com/node/285

Shorting penny stocks isn't economically feasible.

IG


It's I-Glow here, and I'm Mr.Clean.
They call me "hit man"
Don't know what they mean.


SureTrader
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist