Replies to post #27557 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[TenKay]

“Read !!!!! All interest on collateral is cancelled. “

Apparently I am the only one that did read it...nowhere does it say that “all interest on collateral is cancelled”.

LMAO.

What it does say is this:

Eventually, the broker will declare a total loss on the loaned stock. At that point, the broker cancels the short seller's debt and returns all collateral.

Which is exactly what I am saying...the broker can only declare a “total loss” when the stock is cancelled.