GCT - That's a crazy high margin requirement at Fidelity. It reminds me of the margin requirements when you short something under a buck. If I remember correctly, Interactive Brokers ties up $2.50 of your capital for each share you short under a buck.
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.
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