Replies to post #46155 on ZNext Mining Corporation, Inc (ZNXT)

[janice shell]

but must have collateral with the Brokerage, and it need NOT even be cash. It could be other stocks, or Mutual Funds, or Bonds, but it can't be worthless stuff,
like other pinkys.

Yep.

But, the Broker does NOT credit the cash to the shorter who ordered the (short) sale...

And yep...

BUT Pinkies are different. Generally speaking, because the risk of shorting them is so great, brokers want up to $2.50 a share collateral.