Don't know - I have not been in EFOI for quite a while now.

Yes. I'm out with a substantial loss.

Thanks - that news is not showing for AUNFF at Schwab. Figured it had to be something like that to cause such a precipitous drop.

Anyone know why we have big volume and a large drop in AUNFF today?

Not worth any discussion - it's just a goofy iHub board name. Schwab (properly) shows the company name for symbol TYDE as Cryptyde Inc

Schwab already owns TDA. They have not fully integrated their trading platforms or back-end systems and processes yet.

They can't legally lend from an IRA (since by definition they are non-margin) account UNLESS you enroll that account in the securities lending program. I have my IRAs enrolled and they often borrow shares from them.

Actually, the program is safer in an IRA than in a full-on non--IRA trading account with full margin capabilities and high-level options trading permissions.

I do have high level options permissions in my non-IRA trading account, including the ability to write naked puts (which I do a lot) and naked calls (too risky, I don't do this). I had a COVERED call position in a stock where they lent out the underlying common, creating a large naked short call position! When I discovered this I took that account out of the lending program, as I did not want that level of risk let alone at someone else's discretion.

right - they are not desperate, they simply have an on-going business opportunity where they can profit by paying you to borrow your shares (in LWLG or any other stock) and lending them out at a higher rate.

The Schwab securities lending program can be profitable - it is a way to make a return, often a very nice return, while you wait for long term holds to blossom. Although I am not an "income investor" per se, this does generate income while I hold securities that don't pay dividends.

Unfortunately, you have to sign up account by account, and participate at the "account level". You can't opt in or out security by security. For instance, you can't say "you can borrow anything except my LWLG in this account".

I actually have no problem lending out my LWLG shares as I am not concerned with the LWLG price in the short term. I can have the shares returned to immediately with a phone call any time I wanted - if I wanted to sell or possibly write a covered call against those shares.

Anyone who wants more details of my experience with that lending program can PM me.

No problem. To my knowledge there is no rule saying MMs or other shorts have to cover shorts or square their books by any specific date.

What makes you think there is any kind of a deadline?

Your premise is wrong. Managers of Russell index funds get measured by how closely they track the underlying index, not by total return of their investments. The best ones track the index more closely with lowest overhead.

I have received my WNFT shares in full at Schwab. My WNFT positions are 3x the share count of what I had in GOFF.

I could have sold those shares today through Schwab had I wnated to - the SSE platform would have taken the order (I went through placing a sell order that would have been accepted had I confirmed it).

Let's see if Sharp can put something exciting into the shell.

That trade would not show up as the last trade.

I have not seen that increase yet. If I do perhaps I will comment on it.

EDIT - no sooner did I post that than an email from Schwab arrived and you are correct, the rate increased from 5.5% to 10.5%.

I have never seen them move the rate 5% at a time in all the securities I have lent to them (many).

I am past trying to speculate on the cause but I will take it.

Yes, though investors have become more savvy to it and see through most of it.

I actually had the same thought - that today's late day rise was more likely due to window dressing than to any change in borrow rates.

What that would translate into is funds/institutions still believing in LWLG (and wanting to own it going forward) after having sold so as to NOT show it (after this bad quarter) on their statements for the end of June. Window dressing is a plausible explanation on EOQ day in the absence of any news. If so that would be a vote of confidence in LWLG's forward prospects.

My guess is that while such off-market negotiated deals are possible, the counter party is not likely to be a retail broker.

Any kind of negotiated deal is always possible, although I would think it more likely that anyone able to negotiate such a deal would time it around options expiry, not month end on the calendar. If options are used, a much wider range of hedges and trades are available to sophisticated well-capitalized investors.

Any kind of negotiated deal is always possible, although I would think it more likely that anyone able to negotiate such a deal would time it around options expiry, not month end on the calendar. If options are used, a much wider range of hedges and trades are available to sophisticated well-capitalized investors.

When you short a stock, there is no timeframe that either party commits to. I can short today and then cover later today if I wanted to.

be still, my beating heart...

Doubt it - there is no rollover of borrow rates at the end of the week or EOM or EOQ.

I will post it if it changes. I only get a notification when there is a change or when they actually borrow or return shares.

There is no time period associated with the shares they borrow from me. I can call them right now and have the shares returned to my account if I wished.

Similarly, when they loan shares it is NOT "a certain amount of shares at this rate for a specified time period". They can, and do, change the rate on borrowed shares at any point in time.

Don't ask ME to prove you wrong - ask MULN to do so.

Frankly, I'd be happy if there was no PR today and then a big selloff tomorrow - I would view that as a buying opportunity.

It's only 12:30 pm out here in CA. MULN's offices will be open long after the close. Not saying we will hear anything today, but it is somewhat funny to read posts here (not specifically yours) that assume all business stops at 4pm EDT.

Fairly low - 5.5% as of June 29. It can change on a daily basis.

On other securities it is up over 25%.

Absolutely. I know for a fact that Schwab has (with my permission) borrowed some of my LWLG shares to load out to shorts.

My point is that the data on OTC Markets does not reflect a full sharing of all MM bids and asks on CE stocks. It is partial data at best.

Even if OTC Markets did in fact show best bid and lowest ask across all MMS, empirically what matters from a trading standpoint is what you can get through the broker you use.

Historically, the last day of the quarter can be a good day for lowball orders in beaten-down stocks.

I am not predicting a bounce in NEPT, but rather simply stating that NEPT fits the profile of a beaten-down stock that is the kind of thing that some investors bail out of as they review their holdings on milestone calendar dates.

Unless I was doing such portfolio house-cleaning I would not be selling NEPT today.

Not illegal, as NDTP is not on a market tier where L2 is relevant. What you see on your quote screen is the b/a that YOUR BROKER has for NDTP. There is no marketing of orders across brokers.

The problem is that "large" is a relative term.

Large in what context?

Large relative to past orders? Doesn't help much as past orders were so tiny that even a "large" order could still be pretty small.

Large relative to production capacity? Might be scary, as I still think Otiko has been brewing this stuff up in his bath tub. How does VDRM gear up to fulfill such a "large" order?

Large enough to signal really substantial revenues and prospective reorders to provide a continuous income stream? While I still would have a question about how production could be ramped up, we can hope.

Don't know if the plant is closed to the public or not. If so, it could simply signal that they are using the long (holiday) weekend as an opportunity to change up the production line. Ex any other info, that would probably be a good thing for us.

This response is to both you and to the BAATman post you responded to.

G.O. - I agree that the driving issues reveal character, and that is a critical criterion for having confidence in a CEO. Based on these revelations I would certainly not buy GSPI at this point. As for my existing shares, I don't know yet. I am down far enough that I may just hold and hope.

BAATMan - GSPI had no obligation to make the CEO's personal driving issues public immediately and in fact for them to do so would probably be illegal. The whole point of setting up a corporation is to create a totally separate legal entity with "firewalls" between the corporation, its officers and its owners. While the main intent of that is to limit corporate liability to the corporation, a further consequence is that the private lives of officers are not reportable as corporate news.

Thanks - they have promised this update for a long time. When I called them last year around this time on this issue they said "probably Q4 2021".

I have an IT background, so I understand that projects often run late. However, this is not all that hard to do (witness eTrade and Fidelity) so it could have been done faster if they had chosen to.

My personal guess is that their overriding IT priority has been integration of Ameritrade and Schwab platforms and (even more so) the back end systems behind them, and that everything else has been pushed aside to devote resources to this. That is where the money would be for them in both savings (not having to operate redundant systems in the same functional spaces) and brand management.

Thanks for the update - glad to hear there is something targeted for next month. I say targeted, as it could slip further. Since they are not trying to beat someone else to market with this, this will delay further to get it right if necessary.

No way. There is a reason companies get 45 days after the end of the quarter to file the 10Q.

That is an easy question. Because they either have not received an offer or can't agree on price.

Not to mention that the US has a secure supply of natural gas that will last 500 years or more, without compromising our balance of payments.

Otiko has an alias?

US markets are closed