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