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Who would accept a penny stock as loan collateral? Asking for a...

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fabspro

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14/03/24

10:08

Post #: 72877556
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Originally posted by Paddy0: ↑

So Fred had about 4.5m shares when AKP became AKP. The price quickly popped to around $5 giving him roughly $20m of collateral to borrow against. If he used the shares as collateral for let's say a $5m loan (at 25% LTV) and chucked it into QQQ he'd be sitting on $75m by now. So it makes perfect sense he'd chip in a few $ now and then to keep the party going.

I'm not saying this is what he's done/doing but it's totally plausible

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Who would accept a penny stock as loan collateral? Asking for a friend.

AKP Price at posting: $6.20 Sentiment: Buy Disclosure: Held
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