I am not sure what the issue is. If indeed 230K was the exposure and he had 178K cash, then he is still owing 29K assuming a 10-1 leverage.. That would be deem a margin call and he would have had a phone call from the broker to top up but under the circumstances, the broker after 24hrs cannot liquidate the position because it is not tradable will probably be in trouble cash flow wise if they have more than one large clients exposed on their books who can't pay up!
And you wonder where money management is let alone not knowing you can lose more than your capital when using these highly leveraged products and such a large position without guaranteed stop loss.
FGE Price at posting:
91.5¢ Sentiment: None Disclosure: Not Held
