What Happens ?30 Nov 2021 17:45
Through the excellent reporting of tilly ,caw , lb we roughly know the shares on loan ( shorted)
Last figures 18m but hopefully down today. If an RNS dropped in the morning with a full sale at £2 (hopefully)that i assume means someone has a bill of £36 m to pay.
What happens when the cant pay because the have loaned the shares and dont have the wonga to pay , does their house go. What surety do they have to put down ?