I don't "know", but it makes the most logical sense. Most brokerages / apps can't even deal with a share price of 7 figures. Hell, the NASDAQ needed to patch the entire exchange system a few weeks ago because Berkshire Hathaway went above $423K.
I think the ticker is going to halt before it becomes an IT issue and the SEC is going to tell everyone to settle off-exchange or take what the ticker says. So, if the ticker stops at, say, $500K, your three-share HODLer will be faced with a dilemma- take 1.5M now, or talk to a lawyer to negotiate a settlement.
I don't "know", but it makes the most logical sense. Most brokerages / apps can't even deal with a share price of 7 figures. Hell, the NASDAQ needed to patch the entire exchange system a few weeks ago because Berkshire Hathaway went above $423K.
I think the ticker is going to halt before it becomes an IT issue and the SEC is going to tell everyone to settle off-exchange or take what the ticker says. So, if the ticker stops at, say, $500K, your three-share HODLer will be faced with a dilemma- take 1.5M now, or talk to a lawyer to negotiate a settlement.