Hyperdynamics Corp (HDYNQ)

[TOB]

Blackrock loans 95% of shares to shorts.

HDY large Shareholder Blackrock playing both sides?

Last year it emerged that the iShares FTSE 250 ETF – which tracks shares in the FTSE 250 index - had lent out as much as 95% of its investments to third parties.

...

BlackRock defends stock lending, saying 60% of the revenue it generates goes back to the fund to reduce charges. In the case of the iShares FTSE 250 it lowered the ETF’s annual management charge by nearly 0.15%

Nothing wrong with this. It's all about making money in both directions. Blackrock provided money for HDY to spend, they have every right to protect that money gaining income through loaning shares to shorts, selling call options, and buying put options to hedge their bet.

That is where the term Hedge Funds came from, they hedge their bets and play both long and short.