Hi Ram,
No obligation on the company to report stock lending by major holders as they are as blind as we are when it happens.
Only way it becomes obvious is if a substantial holder lends out stock that moves their holding by more than 1% or they go from substantial to less then 5% then they have to notify the market with details of the trades or lending. (see ASIC Reg Guide 5).
The whole thing is usually done with a short fund or trader borrowing from a large custodian nominee that has large holdings from a couple of substantials so that there is no requirement to notify the market. Notorious stock lenders are Merril Lynch/Bank of America who get paid around 1% but a couple of the others like JP Morgan and HSBC do it as well.
WW
OGX Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
