Because the company who lends out shares makes a lot of money lending them out to shorters - their business purpose is to own shares and lend them to shorters.. More often than not the lender (owner) of shares produces a report recommending a sell.
So its likely they will support their shorting clients and vote against resolutions at an AGM.
You only need 25% 'no' of the vote to get a remuneration 'strike'.
Because the company who lends out shares makes a lot of money...
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Last
29.0¢ |
Change
0.020(7.41%) |
Mkt cap ! $524.3M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 29.0¢ | 27.5¢ | $1.992M | 7.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 526419 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 899630 | 22 |
View Market Depth
| Last trade - 13.38pm 07/05/2024 (20 minute delay) ? |
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Last
28.8¢ |
Change
0.020 ( 4.77 %) |
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| Open | High | Low | Volume | ||
| 28.0¢ | 29.0¢ | 27.8¢ | 4264048 | ||
| Last updated 13.55pm 07/05/2024 ? | |||||
| BRN (ASX) Chart |