Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I think you’ll find that the high street brokers (Barclays etc) do not lend shares out. A shorter also has to sell the shares to then buy them back at a lower price. Look at the OTC prices & quantities - that’s just not worth it to a shorter. Plus there’s none listed on the short tracker so if there are any, they’re minimal.
https://www.ig.com/uk/glossary-trading-terms/off-book-definition
An ‘off-book’ trade refers to the process of trading shares away from an exchange or regulated body. They are usually executed via the over-the-counter (OTC) market. Off-book transactions are made directly between two parties, outside or ‘off’ of the order books.
Also Andy shorters are lent your shares unless you request for them not to be. That is not a myth either.
Andy, so why has the London stock exchange logged this as an OTC transaction? I'm learning not challenging.
the first signs of life in the OTC beast ....I think a signed distribution deal will give here a shot up the ass and wake up a few interested parties....
They’re unknown trades because the price paid is in the middle of the bid / ask prices so it can’t work out if they’re buys or sells. The algorithm that LSE uses isn’t fit for purpose.
As for lending shares out overnight; urban myth.
That's approximately £50,000 in the last 2 days. Are they trying to fill a big order? Who knows?
The US have no shares and might need them. We (London stock exchange) have some but don't need them out of business hours so lend them so done at mid price as to not effect SP (off book). That's my take on it anyway.
Immediate / Deferred / No Publication . OTC Trade. We don't know the trade time but if at the end a sell.
londonstockexchange.com/prices-and-markets/prices-help/trade-type.htm
Games being played or exchanges swapping shares at end of play?
whats with the unknown black trades