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1manband

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1manband

Re: Scott12 post# 16055

Friday, 06/22/2018 4:46:44 PM

Friday, June 22, 2018 4:46:44 PM

Post# of 16205

I highly doubt a retail investor was interested in buying only 4 shares at .0001 a share.



Yes, they can. Not as an investment, but to cover an FTD. Some may have been inadvertently short 4 shares (or a multiple ending in 4) and needed to cover it. It happens more often these days with investors entering their own shares electronically at discount brokerages - they often make mistakes on their sale amounts and end up with a small FTD position. Once it went gray market, the broker forced its closure.
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