I said the same thing and I was called an idiot!!! ARIOQ still trading soon to be ARIO!!! Company still here and profitable, reorganization plan approved while commons remain intact!!!!
Yes but you do know about the $2.50 rule for shorting these right. You have to have $2.50 for each share you want to short in your account. So if I wanted to say short 1 million shares then I need $2.5 million in my account. Do you truly believe anyone with that kind of money is shorting .0001 to try and make in our example here at the most $100?
The money you receive for shorting the stock is all yours, though there might be some delay in freeing it from the broker's grip -- it holds the money as collateral until it writes off the loan.
Exactly. And the amount of collateral you have to cough up to short a stock trading at 0.0001 is $2.50 a share. Do the numbers.
In addition, it was obvious nobody was shorting ARIOQ. Volume has been very low.