MacBank not only make money on PH’s loan fees but for added insurance on the loan they lend the stock on the short market and gains nice fees from that as well. They’d be timelines on loan due dates with PH as well as short positions. UHNW clients often use this type of loan using stock as security. What we will never know is just what exact levels of that script content is open or closed positions. Now contrary to popular theories, these positions don’t have to be bought back on market for the positions to be closed. Who wants to bet that the incoming CR will be used?
Cheers.
IMU Price at posting:
2.4¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)