ASM 1.96% 75.0¢ australian strategic materials limited

I think I understand that you mean there are various types of...

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    I think I understand that you mean there are various types of "owner"

    1. Owner as principal and lender
    2. Owner as borrower with the trading right
    3. Borrower becoming in turn a lender to another trader
    4. Theoretically creating a chain, or ending up as a closed circle

    Yet I would have thought that at any given point in time one only entity would have the trading right?

    A non-owner of the trading right would surely be a naked short seller?
    But I am neither a lawyer, nor a practicing public accountant

    Regards, Recherche
 
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