Louetta, what I stated is exactly true. You are talking about shorting a stock, not selling shares you own. And for pennystocks like LOGG, most brokerages won't allow shorting of those - AND it legally requires $2.50 of CASH margin for EACH share you wish to sell short. You will also pay margin interest as well.
If you doubt this, please go read the HIPH board from a couple of years ago - you can search my posts there - and you will see that many, indeed most, HIPH shareholders could nott sell their shares for weeks, some even for months, as the TA was slow in executing the share exchanges for the brokerages. That's a simple fact - go read the HIPH board from the RS done prior to the most recent one.
Shareholders cannot sell their shares until the brokerage contacts the TA and arranges for exchange of pre-RS shares for the post-RS new CUSIP shares. That's a simple fact.
If you can find a broker who will let a low-balance retail account to short pennystocks, then pony up the $2.50 CASH per share to execute that short sale, pay the commissions in and out, and the margin interest while the short position is held.
Doesn't make much sense, but it's a free country (somewhat), so short away. Butt the fact remains - until you receive the new CUSIP reverse split shares in your brokerage account, which can take from days to weeks - depending upon the TA and the brokerage - you can't sell your shares as they're nott marketable until you receive the new post RS shares with the new CUSIP.
