Originally posted by Dogpigtiger:
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AP took out a loan recently and MAY shares were the security for the loan, effectively short selling . Will he sell in 3 months time like he did 2 years in a row? chris Thompson would be worth it if he can get an agreement for the advance sale of our oil or a prepayment so we can advance our pipeline or 3D or a rolling finance facility. paying too much and value are 2 different things, Chris T just needs to prove his value. Question is how long does he need to hold the shares before he can sells them if he were to get the performance shares
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"AP took out a loan recently and MAY shares were the security for the loan, effectively short selling ". Rubbish. It is very common for stockholders to use stock as collateral. To say this is "effectively short selling" is utter twaddle.