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Friday, January 12, 2018 3:49:07 PM
No one shorts a $.01 stock. The margin requirements are WAY too high.
The last toxic note they issued for preferred shares will generate over 100 million new shares. At the rate of 250k shares/day (the average volume over the last month), it will take about 2 years of being the only seller to dump all the shares, though because that will cause the price to fall, it will take even longer.
But hang in there, it's not like you have much choice.
For the love of God though, don't throw any more money to the toxic note guys.
"There's a sucker born every minute, 2 to take him and 4 to lend him toxic debt" PT Barnum's investment advisor.
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