PLS 1.34% $4.16 pilbara minerals limited

Not quite right.When the shorter sells, ownership goes directly...

  1. 965 Posts.
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    Not quite right.
    When the shorter sells, ownership goes directly to buyer, who then gets dividends and new issues etc.

    Meanwhile the shorter has a contract with the lender which usually says the shorter has to pay the lender any dividends, etc.

    There is another issue also - the lender retains the option on how to vote at AGMs, but I don't understand how that can be done unless the shorter has not yet sold his shares. Does anybody know?
 
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