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Post by mariohmp on Sept 8, 2012 12:40:30 GMT -5
In a hypothetical scenario (not Kodak), what would happen to shorts if the stock they were shorting was cancelled? They couldn't give back the shares they borrowed, so what would they do? Would they still be on the hook?
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Post by mega on Sept 8, 2012 13:13:15 GMT -5
If the shares are cancelled, shorts would have 100% profit and pay no taxes on this profit. If they covered their shorts now or at a lower price, they would pay tax on their gains.
That's why the paid bashers (and the Liar Kid) want to see the shares cancelled.
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Post by mariohmp on Sept 8, 2012 15:38:07 GMT -5
WOW! Thanks for the reply.
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