fionaa OP : @Mcsnacks H Tupack after take over this stock one share is 0.08 dollar?
Mcsnacks H Tupack : Redbox was about to default on their debt. So they were bought out for about .87c per share. So the price will crash.
fionaa OP Mcsnacks H Tupack : drop again?
1025808 Mcsnacks H Tupack : Are u serious? Why the heck would red box sell their share at 0.87 cents? Is the stock really crashing to 1$?
fionaa OP Mcsnacks H Tupack : before before crash i better sell now
Mcsnacks H Tupack : Yes. The bank was going to take over the company and it would have dropped to 0.00 if that happened.
fionaa OP Mcsnacks H Tupack : Doesn't the short position need to be covered?
Mcsnacks H Tupack fionaa OP : Yea but they won’t cover until it’s below .87c
Mcsnacks H Tupack fionaa OP : Wait. They probably already knew this was coming. So their isn’t anyone shorting it because they wouldn’t have been allowed to loan out the shares for shorting.
fionaa OP : @Mcsnacks H Tupack after take over this stock one share is 0.08 dollar?
Mcsnacks H Tupack : Redbox was about to default on their debt. So they were bought out for about .87c per share. So the price will crash.
fionaa OP Mcsnacks H Tupack : drop again?
1025808 Mcsnacks H Tupack : Are u serious? Why the heck would red box sell their share at 0.87 cents? Is the stock really crashing to 1$?
fionaa OP Mcsnacks H Tupack : before before crash i better sell now
Mcsnacks H Tupack : Yes. The bank was going to take over the company and it would have dropped to 0.00 if that happened.
fionaa OP Mcsnacks H Tupack : Doesn't the short position need to be covered?
Mcsnacks H Tupack fionaa OP : Yea but they won’t cover until it’s below .87c
Mcsnacks H Tupack fionaa OP : Wait. They probably already knew this was coming. So their isn’t anyone shorting it because they wouldn’t have been allowed to loan out the shares for shorting.