Riddle me this.
Stockholder AAA loans a million $10 XYZ shares to BBB to short sell and the price of XYZ drops to $3.
So BBB buys them back for $3 and returns them to AAA.
Ignoring that BBB will pay some of the profit to AAA as compensation - how does AAA account for the nominal loss of $7m?
One assumes that AAA is a Fund Manager and should be acting in the best interests of their clients.
Riddle me this. Stockholder AAA loans a million $10 XYZ shares...
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Last
$3.44 |
Change
-0.030(0.86%) |
Mkt cap ! $2.307B | |||
| Open | High | Low | Value | Volume |
| $3.47 | $3.47 | $3.37 | $5.924M | 1.728M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | $3.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.44 | 19976 | 5 |
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| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |