20 November 2008 #1 R ROE Joined 5 January 2007 Posts 2,966 Reactions 20 what happen to the stock you borrow and short on some company and that company now goes belly up..how do you repay the share ? does your lender written it off and you dont have to pay back and thanks for the money
what happen to the stock you borrow and short on some company and that company now goes belly up..how do you repay the share ? does your lender written it off and you dont have to pay back and thanks for the money
20 November 2008 #2 awg Joined 25 September 2007 Posts 1,712 Reactions 13 good question. i rang commsec, and asked them a similar question a fair while ago. ( re trading halt) took them ages to give me an answer, but unfortunately I cant remember exactly what it was. the outcome was favourable to the investor, is all i can recall, re my inquiry
good question. i rang commsec, and asked them a similar question a fair while ago. ( re trading halt) took them ages to give me an answer, but unfortunately I cant remember exactly what it was. the outcome was favourable to the investor, is all i can recall, re my inquiry