JPMorgan is not the one who is actually lending the shares to the shorters. They are just the middlemen.
Believe it or not, the actual people who are lending the galaxy shares to the shorters are the current owners of the shares. They are allowing JPMorgan to lend out their holdings in return for collecting a fee from the shorters. Good on them.
So you can write your letter if it makes you feel better, but you'd be sending it to the wrong people.
GXY Price at posting:
$2.64 Sentiment: Hold Disclosure: Held
