Posted On: 07/12/2016 11:34:54 AM
Post# of 96881
It may not be that they have to cover but it might be that it exposes them if they have naked shorted a substantial number of shares. I am doing some research now. Here is one thing I have found...
Quote:
If the reverse split results in a fractional share, the fractional share will automatically be redeemed for cash.
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