Shasta
I Really do not think that is correct.
When a margin lending agreement is first signed the client authorises the lender to act as power of attorney on their behalf.
It is the clients obligation to keep an eye on lending ratios and margin call status.
Clients have set time to close margin calls.
Obviously if funds are available in the account a margin call will not be reached.
When a margin call ratio is reached there is no obligation for lender to call the client . Some do so if the client is important or as a courtesy BUT no obligation.
If time expires and margin call is not removed the lender will excercise power of authority and SELL the shares.
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0.6¢ |
Change
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Mkt cap ! $15.77M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1159003 | 0.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 38295 | 1 |
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