It’s a possibility it saves them selling any more shares on market for tax purposes etc - it is not illegal and I couldn’t find where it states they are restricted from doing it and you still maintain full ownership and you would have full anonymity
On 200,000 shares lent out @$5 at 22%. Not a bad return per annum of $ hundred of thousands dollars awaiting revenue to eventuate .
Be a nice earning for no effort - apart from a takeover very few other monetary or exit strategies
As I said nothing illegal being done or the company would incorporate into the company policy
Weebit - 2024 and beyond, page-1558
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Last
$2.14 |
Change
0.010(0.47%) |
Mkt cap ! $404.2M | |||
| Open | High | Low | Value | Volume |
| $2.14 | $2.16 | $2.10 | $806.6K | 378.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 284 | $2.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.14 | 12998 | 1 |
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| WBT (ASX) Chart |