NorthWest Biotherapeutics Inc (NWBO)

[biosectinvestor]

That has no impact, I'm told by my broker. However, so long as you don't have any margin on your account, your shares can't be lent. Once you have taken any margin, they can be lent because you've basically presented the shares in exchange for cash, and the shares are held as security now by your broker, and they are a fungible security. So they can lend them out to make money, while you have borrowings against them.

Once you no longer have any margin, they are yours and can't be lent. That is what the brokerages say, because, securities accounts are trust accounts, when you haven't borrowed against the assets held in trust. When they hold your assets in trust, they have to have them for you, or it's fraud, and a fraud of a very serious kind because it involves a trust account that you have with someone who has a fiduciary duty to you.