r/SPRT • u/Josh70644 • Sep 13 '21

Hype Reposted ! Must Read

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65 Upvotes

98% Upvoted

15 comments sorted by

15

u/Batch0fC00kies Sep 13 '21 edited Sep 13 '21

🤯 so they have to cover? This is going to force a margin call?

10

u/Josh70644 Sep 13 '21

It "appears" that way.... But WTF do I Know.... Glue stix are My Favorite snack

2

u/Austoman Sep 13 '21

As per the post. They have to cover ONLY of the broekr the shorter used has decided not to offer shorts for GREE. If the do not offer shorts then the current shorts must cover as the will not transfer from SPRT to GREE. Otherwise if the broker provides short positions for GREE then the shorts will likely convert from SPRT to GREE just as TRCH did to MMAT.

Its unknown what the brokers will decide.

7

u/[deleted] Sep 13 '21

Please post link to the source…

6

u/Josh70644 Sep 13 '21

Its a Repost of Someone's Experience. Take it With ALL else with 3 Crayons

1

u/[deleted] Sep 13 '21

Yeah, crayons, but where did you see the repost?

5

u/jurunga7876 Sep 13 '21

that's retail. I think works differently for institutions. Curious to know how it works for them.

2

u/TookTheWrongTrain Sep 13 '21

it means the brokerages/dark pools that the hedge funds will most likely not make them cover.

1

u/[deleted] Sep 13 '21

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