But they borrowed the stock and sold it, so how is there any effect on the seller?
The buyer holds the shares while they are consolidated, so how can the seller be affected at all?
Has anyone here had an open short position in the market during a consolidation?
I suppose it goes by the date the shares are sold and then re-bought although that doesn't seem fair, takes away a layer of risk for the shorters and doesn't encourage investments in start-ups.
Would love to hear from some veteran shorters
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