Replies to post #63507 on Gifa Inc (GIFX)

[StockBull]

Wait a second, if that’s true then when is the shorter who supposedly shorted 1.6 million shares back on 4/21 going to cover? That’s not short term at all, is it?

[DaReal]

How much?
"very low" doesn't answer the Question

[Starlost]

LOL. The shorting myth keeps perpetuating. It's a complete FALSE NARRATIVE.

Longs trapped in a POS stock love to play the "short" cards as a lame excuse to why the stock is under performing.

Of course, it's all just garbage.

[DaReal]

JFYI: From IBKR (Interactive Brokers)

For short positions in stock where the last sale price/share is less than $5, then the maintenance margin requirement is $2.50 per share or 100% of the stock value, whichever is greater.

https://ibkr.info/article/285

And that's just the Margin requiremet! Doesn't include any fees or anything else.

So in order to short 1M shares in this POS you'll need at least $2.5M in your acc! Plus additional fees etc...

Feel free to correct me, if you think its wrong