A.I.M. Users Bulletin Board

[Neil Scott]

Hi Tom,

And another has fallen over just yesterday, this time Lift Capital has gone belly up.

It is amazing what these companies get up to in their quest to wring every last dollar out of their transactions.

Lift Capital were another margin lender, what I didn't realise is that the stock that the margin loan is held over, as well as it being the security for the loan the company also lends out the shares to others to short sell (for more fees).
So they are making money from the interest on the margin loan, brokerage plus money for renting the shares to the shorters, wow that is definitely stretching your dollar out!

Regards

Neil