GNCC Capital Inc (GNCP)

[moe_the_gyp01]

GNCP GNCC CAPITAL INC PINK.NOINFO
0.0001+0.0001
Delayed Data
We make an extensive list of instruments available for shorting. Clients who short instruments pay a fee expressed as a reduced interest on the sale proceeds. Details of the short sale rebate rates are available here. For an overview of the general availability around the world you can refer to the main web site.

Quantity Available
32,390,400
Num. of Lender w/ inventory
1
Current Rebate Rate *
-0.1700 per shs
Current Fee Rate **
0.2500 per shs
ISIN Code
XXXXXXXE203
Country
United States

* Rebate Convention (US/Canada) - reflects the combination of the collateral interest to be received by the borrower less the fee to be received by the lender. A negative rate reflects a net charge to the borrower.

** Fee Convention (Others) - reflects the rate charged to the borrower irrespective of the collateral interest rate.

So, while there is at least lender with inventory of GNCP which would allow one to short this stock, the net collateral to short 1 share would cost .08/per share. So let's say I am a short and I want to short 10 million shares and let's just assume a generous bid of .00005 to open a short position, the proceeds would be $500.00. The collateral to open a $500.00 short would be...drum roll please....$800,000.00!!!!!!!

So in other words...NEVER! Some of you really need to overhaul your theory that there is some naked short or any other kind of short in this junk. It just isn't supported by objective evidence or logic.


With a real company like say ROKU, which closed at 263.14 on Friday, the economics make more sense. So let's say I want to short 1000 shares, proceed would be 263,140.00 and my net collateral would be .08 x 1000, or 80.00 bux which makes sense because I am sitting on a mountain of cash from the open short.

See, it's not hard to see why no one, certainly not a MM with better sense shorts a turd like GNCP.