no problems mate.....I am hoping in the next few months we will see that turn around very quickly as Prime re-instate a lending margin to the Leopard.
One of the factors they use to assist in their margin calculation is the size of their exposure to that particular stock.
There was one microcap they added and gave it a 30% margin. I was a top 20 holder of that company so moved all my security over to my Prime account in a bid to free up some additional capacity. This took Mcquaries exposure above where they wanted it to be so they reacted instantly and would not lend on that stock for any other clients.
Hence they review their position weekly.
Cheers.
Kiril.
I hold.
NKP Price at posting:
7.3¢ Sentiment: None Disclosure: Held
