NorthWest Biotherapeutics Inc (NWBO)

[biosectinvestor]

Repurchase Agreements are a very particular kind of agreement. It's one way institutions deal with one another in large amounts that provide maximal protection for their assets and also liquidity. Typically though, they are just for government securities, like US Treasury instruments.

Prime Brokerage services are also a part of those relationships. I don't have time to look at it, but it could be some of those things going on here. While you're right, shady things can happen and be bundled into such services, it's also very likely that most of that is just ordinary, run of the mill financial transactions that broker-dealers do with other financial institutions. I have often suspected, however, that what people think of as naked shorting, is probably some ordinary aspect of these processes, where just like the money supply, when you borrow against stocks, it effectively increases the "share supply" in any given company. I suspect funds of various sorts are borrowing on their portfolios all the time, to maximize their returns.

Very interesting though. Thanks for looking so deep. If I can, I'll try to take a look at it later today.

https://www.google.com/#q=repo+agreement
https://www.google.com/#q=repurchase+agreement

https://www.google.com/#q=prime+brokerage