Replies to post #226688 on KAT Exploration Inc (KATX)

[DragonBear]

Wow I hope the shorts have high margin.

Since the KATX PPS is below $5, then by FINRA rule 4210, $2.5/shr in margin required.

Example: Someone wanted to Short 100K shares of KATX at 0.0015, not only would they be Shorting a value of $150, but also would be required to have an account with $250K equity. Sort of out of the range for 99% of the microcap scam traders, and their accounts. Then they would have to wait N years to make how much off that $150? Or should they Short 1M shares, to try to make a max of $1500 which would require a mere account with $2.5M equity? All these worries about Shorts in a microcap stock. LOL

Been watching this from sidelines. Shorts getting caught with pants around ankles.

Only problem is as of the last semi-monthly reporting period (30-Nov) to FINRA, the number of KATX shares Short was 0.00.

Apparently there are no pants to catch on fire.

The next report settlement date is 14-Dec, due 18-Dec, and will be released 26-Dec.

[CrazyKar123]

Going to trip until tomorrow or nice EOD finish
Both Ask and Bid Strong