Leopardoo
2022-12-01

$Meta Materials Inc. Class A Preferred Stock(MMTLP)$  

Interesting conversation with TD Ameritrade broker:

After the closing deadline, it will buy from the market at whatever price available set by the sellers to liquidate their short sellers' positions if short sellers cannot buy enough shares to close their shorts.

YouTube (starts at 9:54) https://youtu.be/IJB1W8x9Nb8

- Not Financial Advice, do your own DD -


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Comments

  • Zerocool34
    2022-12-01
    Zerocool34
    yes,I heard this earlier.so can I say if I set sell at 20 per share,after market close on the 12th Dec and the shorts are still unable to get enough shares to cover,they will get from me at 20?
    • Zerocool34ReplyLeopardoo: 
      sure.thanks alot.
    • Leopardoo: 
      Just want to highlight that the record date 12 Dec 2022 could be the last day of trading. So holding beyond 12 Dec 2022 may be risky. only personal opinion and me being careful, do your own judgement.
    • Zerocool34ReplyLeopardoo: 
      Thanks alot.really appreciate this info.
    • Leopardoo: 
      Yes. if the broker's buy hits your price, and it will continue to sweep the market until they have covered the shorts fully. Just my understanding, not financial advice.
  • 肯定不是帅哥
    2022-12-01
    肯定不是帅哥
    The price can set only 10x from the market,that's mean if market drop to 1 dollar,we only can set at 10dollars?
    • Leopardoo: 
      set it to GTC when you can set to say $80. GTC means Good Till Cancel, otherwise you have to set again when market open. Note: this is what I plan to do, and tried before, but I cannot guarantee the actual function of the app.
  • Jo Tan
    2022-12-01
    Jo Tan
    thanks
  • Abc1
    2022-12-01
    Abc1
    Ok
  • AtomFx
    2022-12-01
    AtomFx
    thx
  • Kmsng
    2022-12-01
    Kmsng
    Like
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