BHThe point I am trying to make is that SOMEONE is a buy and...

BH
The point I am trying to make is that SOMEONE is a buy and hold investor, that SOMEONE has lent the shares to JPM as custodian according to your theory and that SOMEONE has seen their buy and hold stake plummet as a consequence.
Now ROC is no blue chip, it could go under due to breaching loan covenans etc based on sp.
I completely get fund managers who would lend out banks and major co's like telstra because at the end of the day, these co's will be around no matter what and short term sp volatility is to be expected. But once oversold these stocks will bounce back.
ROC on the other hand could fall too far. What then for the SOMEONE who lent there buy and hold shares?

Are JPM acting with or without consent of SOMEONE