NorthWest Biotherapeutics Inc (NWBO)

[notbrad]

Fidelity wants to borrow my NWBO shares. This is the email I got today. I'm amused they consider me a high-net-worth client :). I guess they believe I will become one soon :) :)

Hello Mr.____,

I would like to make you aware of a unique opportunity that Fidelity offers to our high net-worth clients. Attached is some information on Fidelity’s Fully Paid Lending Program. The program helps clients potentially add incremental income to their portfolios by entering into a direct securities lending relationship with Fidelity. I have attached a document which describes how that program works but in essence, in a “fully-paid” transaction, you lend a specific security (or securities) to Fidelity. In return, you receive collateral in the form of cash and securities held at a custodial bank independent of Fidelity. In addition, you receive an interest rate–based fee which is calculated by multiplying the agreed upon interest rate by the market value of the securities on loan. The fee accrues daily and is automatically credited monthly to your Fidelity account.

Currently, the following positions and rates could apply:

NWBO – 15%


Please let me know if you are interested in learning more about the program.