InvestorsHub Logo
icon url

Moose412

12/10/18 12:20 PM

#60604 RE: donslots #60602

No. You must be a lvl 3 / market maker to trade below .0001. The only time this does not apply is when you are selling. It's a trip 1 and you sell at market, you'll end up getting less than .0001 for your sale.
icon url

kennypooh

12/11/18 10:19 AM

#60616 RE: donslots #60602

Likely a Tax loss transaction on a 'worthless stock' basis? Broker buys the stock for .000009 after client signs a declaration that it's worthless so it can be removed from the clients account, and he can take a full tax write off in 2018. Usually no commission fee in margin accounts.

GLTY