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Biotech / Medical : ImmunityBio converts from Immunomedics -- Ignore unavailable to you. Want to Upgrade?

To: urslor who wrote (1066)	6/2/2025 1:32:01 PM
From: luckydog88	Read Replies (1) \| Respond to of 1229

I am the opposite. I did not for awhile but then switched it so that I am loaning them out. I figured that I don't own enough to have an impact on the shorting situation and I might as well get some small return while being forced to wait patiently for the stock price to move upward again (hopefully)!

To: urslor who wrote (1066)	6/5/2025 10:09:09 AM
From: erickerickson	1 Recommendation Recommended By urslor Respond to of 1229

re: loaning out shares... At one point SAVA shares were loaned out at an outrageous interest rate that Schwab and I split 50/50. There's a discussion on the IMMU board about that, the short form is that it's possible you won't get your shares back if the price spikes IIRC. If you carefully read the disclaimers, there's something about "we'll do our best, but we may not be able to get them back". This according to my aging memory. You get something, but possibly not even close to the market value if it spikes hugely. So (again from memory) there's a small risk that a miracle happens and in the frantic reconciliation of all the short shares, you lose. It's a question of whether you want to take this risk, and I admit I don't understand the mechanics, perhaps someone will be kind enough to explain. The weeds in the garden are calling, so I've got to get off the computer RIGHT NOW ;) As I said, the Schwab agreement was that they'd split the interest with me. Couple that with them not being on the hook if they couldn't get your shares back and it looks like the subtext is that they make money, while you take the risk. So the brokerage telling you about how you can make money is a bit disingenuous.