This is just the beginning of the SEC spring house cleaning of these garbage scam front loading trash tickers just like BNGI. 45 tickers SEC suspended yesterday alone with a minimum 2,760 more to go. Its about time to.
I have some bad news you can't short on the greys because the stock isn't quoted.
Check out the $2.50 rule - if you borrowed 1 million shares to short you would have to have $2.5 million in a margin account.
And at $0.0009 so you would control $900 in stock.
If the stock went to $0.0001 - you would make make $800 minus margin maintenance fees - brokers fees so you might break even and you would have tied up $2.5 million.
As you can see how ridiculous it is to post about shorting a trips stock.
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