Recall Recall...Read All About It!

[lakon]

If loaning, I would call my shares back soon, like today, but that's just one person's opinion...

Why?

1. mnkd.proboards.com/post/107188/thread

2. You just never know how bad it can get.

3. Just because it's FUN to jerk the shorts around for a change...two can play at that game...PRICELESS!

This message is in no way meant to give advice of any kind, warranty, or other intent, but humor and free speech.

On the other hand, if you are really smart, you might have concluded for yourself...

[deaner3]

I thought about that too. I don't have any on loan. But if everyone pulled back loaned shares it would create a shortage and spike in stock price causing chaos. Would be fun. Wouldn't be long lasting unless news but would screw the shorts and that would be nice.

Everyone unloan shares at same time. And go!

[kc]

I also recalled my shares back from lending awhile back.  It was useful before the reverse split but now at the current share price its not enough to really even buy additional shares.  The company needs a lifeline with a buyin or buy out as they don't have capital to continue on and do proper marketing.   I believe in miracles but the board of directors have failed to deliver for the shareholders and it might be too late.  I place the blame on the board more than management.  The board should be focused on the next steps to stay solvent and they have plodded along doing very little.   

[kc]

May 18, 2017 7:20:13 GMT -5 deaner3 said:

I thought about that too. I don't have any on loan. But if everyone pulled back loaned shares it would create a shortage and spike in stock price causing chaos. Would be fun. Wouldn't be long lasting unless news but would screw the shorts and that would be nice.

Everyone unloan shares at same time. And go!

I have said over the years that I don't think that retail lenders effect the shorts regarding access.  

Move the needle.

[morfu]

Well, unless the stock price changes in the next weeks, I plan to invest the return from the lending nto stocks! 24% lending rate means, that I can increase my stock by about 2% this month.. nothing to sneer on...

[lakon]

If all loan activity ended, shorting would end BY LAW. Shares must be loaned or the short is NAKED and ILLEGAL. Even with institutional ownership, unless the institutions are BUYING BACK the loaned shares and reloaning, they get SOLD SHORT to RETAIL. If RETAIL did not loan again and again, mostly without their knowledge, shorting would be finite, absent churn. As it stands now, there's always another sucker to fleece... The question is not how many "virtual shares" are outstanding, but rather how many IOU's are outstanding? We know the number roughly; however, YOU CAN AFFECT the number of IOU's. Certainly, a large number of interconnected institutional holders can produce a lot of IOU's, but you get my point. Their goal is to bring in NEW MONEY into THEIR COFFERS. YOU are the NEW MONEY.

BTW for IB, loan agreements work as follows for the two relevant pieces of information WRT this thread:

Proxy voting rights on loaned shares are forfeited (rights go to borrower);

Do participants in the Stock Yield Enhancement Program retain voting rights for shares loaned?

No. The borrower of the securities has the right to vote or provide any consent with respect to the securities if the Record Date or deadline for voting, providing consent or taking other action falls within the loan term.

Do participants in the Stock Yield Enhancement Program receive rights, warrants and spin-off shares on shares loaned?

Yes. The lender of the securities will receive any rights, warrants, spin-off shares and distributions made on loaned securities.

These agreements can vary, and are often in the fine print of your margin account. IB is transparent about it as an election, not default.

[kc]

pressure is mounting as fidelity raised today to 53.25%  at the peak a couple of years ago it was over 75%