I understand giving a discount to sell shares, but 40% is quite steep.
Things like that keep people away from the market.
After getting burned a couple of times in bio, I basically refuse to hold overnight.
I trade to generate an income and the possibility of a 40% haircut is real.
Crap like this dissuades people from getting involved.
And if you get stung, you can't trade for a few days/weeks as you try to force back to even. (Revenge trading)