Wednesday, September 27, 2023 5:18:21 AM
Fact is, penny stocks can't be shorted, naked or otherwise. And anyone that thinks otherwise is welcome to ask their broker to short even 10 shares of worthless shares. There is FAR more to lose than there is to make in such a transaction, even if it was allowed.
To show how stupid that idea is, consider that for one to short NSAV, they would have to pony up $2.50 per shorted share to start with on a stock sitting at $0.001. And for what? To make .0001 cents per share, and lose the $2.50 per share if it goes up instead of down...SMH.
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM