Replies to post #395070 on Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

How da fuq do you think I qualified for the loans in the first place?

I had to certify my assets with the finance company in order to qualify for the personal loans.

THEREFORE, the personal loans are the EQUIVALENT of a margin loan.

BTW, personal loans ARE NOT like margin accounts. You need to have the cash or securities in your trading account to back up the margin trades if called.