I am leaning towards your view as well. I think your assumptions...

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gsad1000

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04/04/17

09:54

Post #: 23834631
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Originally posted by Dazedandconfused ↑

Hi gsad1000

I want to chime in here... referring back to a my post about what happened with LNC .... on that occasion it was also Credit Suisse which was doing most of the trading ..... and just like then, they appear to be trading across their various branches with one branch buying and the other selling [and maybe reversing that exchange in a tactical manner when it suits?]
What is missing from the holder notice is how many shares from various parties have been lent.... i.e. Blackrock is a lender but how many shares? If it's a lot of shares then.... is there an agenda involved more than merely a 'business as usual' lending agreement? e.g. would Blackrock want to be a party to any T/O?

As far as shorters having to buy back the stock .... be careful about your assumptions here imo,.... shorted stock is always sold into the 'lit' market to produce the desired result BUT the stock is usually repurchased using the 'dark pools' i.e. an off market transfer which seldom affects the 'lit' market because of the absence of public price disclosure. [Also, with CS doing a lot of transactions across different branches in different jurisdictions it is very possible they maintain a net balance of zero shares outstanding and can simply hand them all back if called upon to do so]

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I am leaning towards your view as well. I think your assumptions may be correct and there may bea nett zero shares needing buy back.

I saw the Blackrock entry and was wondering the same. I did notice something interesting, the lending contracts provide voting rights to the lender, if there was to be an EAGM, would the owners want their shares and voting rights back or would they let the lendees/shorters use their voting rights. You gotta think they would want them back.

QIN Price at posting: $1.08 Sentiment: Buy Disclosure: Held
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