tim shorting, page-8

Newjo and Alphacenturian

This is the situation if and when TIM goes bust and you won a SHORT position;

- firstly, you are asked to post 100% margin
- so let's say you are short 100,000 TIM and last traded price is 4 cents, well, you must pay up 4 cents or $4000
- after administration is complete (say 2 years from now), you get your full payout back.

The CFD provider will probably offer you the ability to cross with a long at say a half a cent. This is half a cent more than the long CFD holder will get if he waits until administration is complete.


Bottom line: WUJIN is right!