COR borrowed them to short. ppcap Member Level

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ppcap Member Level Thursday, 08/27/15 11:55:28 PM
Re: Stone09 post# 26553
Post # of 26656

That's how I understand it. COR was the clearing house for a note holder with a note that converted into 327M shares. The note holder wanted to sell all of the newly converted shares and COR borrowed them to short. Allegedly the DTCC then incorrectly billed COR in the amount of $3.3M (327M x 0.011) to pay the dividend due on the borrowed shares.

This appears to be no fault of $CRGP at all.

What isn't clear is who is actually due the dividend...

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