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Saturday, 03/07/2015 1:00:16 PM

Saturday, March 07, 2015 1:00:16 PM

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IB shows a current inventory of 500,000 shares available to borrow for ZIOP (that was the balance available as of the time I checked today). FYI it's my understanding that IB reports the entire locatable inventory, not simply their own inventory).

Shortable Stocks for United States

Are your shares be lent out without your knowledge? If you hold shares in a margin account and are running a negative balance on the account (the account is in margin), the answer may well be yes. Note that it's the overall account that governs the broker's right to lend your shares (see your account agreement), not simply whether your ZIOP shares are held on margin.

There are a number of myths out there about lending. That includes the prevalent myth that if you put the shares up for sale, they can't be lent out. Not true. So if you think your shares aren't lent out because you put them up for sale @ $40 (or whatever), you're wrong.

Here's one good article that discusses some of the aspects of share lending as it relates to margin accounts.

... did you know that the shares you have purchased may be lent out to other parties without your knowledge or granted permission?
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