Been holding puts since this one has been over a dollar. With stock locked out how do I collect my gains.
You waited to long. Your "puts" are" Kaput!"
If the stock is still halted when your puts expire, you can exercise your puts, which would result in a short position in the stock. But then you'd have to pay the borrow cost until it becomes unhalted.
At this rate (~40-50%), if they halt it for 2 years, then the shorts will be done, too. I have never experienced this kind of thing so have no idea how long they will freeze it too.
Bump because im curious too
I think you can ask for a cash exercise, but it's valued at the last price of the stock which I see as .42, so you guys should hope it trades on the pink sheets and isn't just halted for a year.