Cleveland Cliffs Inc (CLF)

[keep_trying]

Thanks. The convertible debt role is something I don’t fully understand either. There was high short interest before the HBI funds were raised through GS, were there not? Nor do I fully understand the role of Sell Off activity, as it may be violating market rules.

That recent Reuter’s article describing how the managers making investment decisions for retirement funds have started borrowing out their shares being held on behalf of retirees in exchange for the receipt of borrowing fees that might be enriching their pay while adding a percent or two to fund earnings really has me concerned. I made some reality check inquiries on that with the fund managers of the program for my company’s 401(k) program and really don’t like what I learned. Borrowing of Cliffs shares via retirement fund holdings, in my opinion, can be a significant source for hedge fund borrowing for purposes of shorting and is something IMO that should not be allowed. It is done at the discretion of the fund managers and may be burying accountability for the activity within the mutual funds these parties manage that may be holding Cliffs in their mix. how many shares of Cliffs are there within funds managed by retirement account administrators (union or elsewise) and how many of those shares have been getting borrowed out for fees?