Well, I guess you are all thinking much too compli
Post# of 36536
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Posted On: 02/21/2020 1:14:23 PM
Well, I guess you are all thinking much too complicated. Just look at the situation as follows:
If one borrows shares and sells them into the open market and the short position is not covered before the dividend is paid then both the borrower and the buyer of the shares sold short expect to receive the dividend on the identical shares. Which means that the shorter needs to provide the second set of dividend shares. In general, this usually is a bad deal for the shorter and thus most of them would cover before the dividend is paid. In this specific case, the shorter is not even able to buy NGIO shares from the open market and thus, there is no other choice for those shorters than to cover before the dividend is paid.
And the only reasonable explanation why this is not yet happening to me is Buildit's, which is that they are still waiting until the last minute in the hope that it will get postponed yet another time.
If one borrows shares and sells them into the open market and the short position is not covered before the dividend is paid then both the borrower and the buyer of the shares sold short expect to receive the dividend on the identical shares. Which means that the shorter needs to provide the second set of dividend shares. In general, this usually is a bad deal for the shorter and thus most of them would cover before the dividend is paid. In this specific case, the shorter is not even able to buy NGIO shares from the open market and thus, there is no other choice for those shorters than to cover before the dividend is paid.
And the only reasonable explanation why this is not yet happening to me is Buildit's, which is that they are still waiting until the last minute in the hope that it will get postponed yet another time.
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