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I assume you got out before the delisting?
by baobabKoodaa 4y ago
I assume you got out before the delisting?
- missedthecue 4y agoI did, but even if you didn't you can still buy back the shares on the OTC market and close your position. The company is now only worth $600k. I should have waited!
- everybodyknows 4y agoIndeed, or otherwise not tradeable. How would a broker treat a customer's short position in, say RSX? https://www.cnbc.com/quotes/RSX?qsearchterm=rsx https://www.cnbc.com/quotes/RSX?qsearchterm=rsx
- baobabKoodaa 4y ago> How would a broker treat a customer's short position in, say RSX? Matt Levine has done a nice writeup about these cases. Basically, you're stuck loaning the stock, so you keep paying loan fees. If you're unable to close the short, you're stuck paying those fees forever, and you never make an actual profit on the short.