Cap Re held Fido added

[Spartina]

Sorry Tx i just noted you included the board members...

[Gator]

I bet if you add up all the shares that us board members have it's a pretty hefty chunk o change to include as well

The top 20 holders as of their latest filing. PDF attached.

[trans]

Thx Gator, It's very interesting that (unless some of our institutions are loaning their stock out, and I suspect that) that the real stock float is only about 11 million shares, more than the total short interest last count (11.5 million)

[Gator]

Thx Gator, It's very interesting that (unless some of our institutions are loaning their stock out, and I suspect that) that the real stock float is only about 11 million shares, more than the total short interest last count (11.5 million)

Of course some on the list are loaning out the stock.  One must be "long" to loan it out to the shorts.  Most funds do loan out the stock to increase returns.  The only other source of loaned shares is margin accounts.  If an person holds a stock, and uses margin, the broker can (and will) lend the stoock to someone willing to short it.  The broker make two commisions (buy and sell) and two fees (stock loan, margin interest).  I remember looking at the earnings of one of the big online brokers, they lose money on every transaction, but make it up on margin and fees.

[Libtardius Maximus]

Thx Gator, It's very interesting that (unless some of our institutions are loaning their stock out, and I suspect that) that the real stock float is only about 11 million shares, more than the total short interest last count (11.5 million)

You beat me to it Trans.

Again.

One could now assess it's shorts vs retail longs.

[trans]

Gator or whomever, Then I feel the most important point about stock loan is if some of our bigs are loaning stock, then how are the time limits determined for the loaned stock? loan for one month, two, three etc, or if and when the stock loan may be called?

[MRP]

Its also interesting to note that this list wouldn't include any non-insider individuals or funds with under $100m assets under management. I know of at least one fund and one individual that would be on this list if they were counted so the % held by the top 20 is even higher than 76%

That's a pretty amazing amount of concentration for the holders. I guess it goes to show how polarizing the opinions have been on IOC up until now.

Hopefully getting a deal done and construction going on the LNG plant will warrant a little more mainstream attention.

[Gator]

The times I have seen “stock loan” agreements, it is open ended and can be repaid and returned at any time, on demand from either party. If I agree to loan my shares to someone who is short, my shares would be removed from my account, and I would receive a promissory note from the short (not the broker) that agrees to pay me XX% based upon the value of the current market value of the loaned position. I have never done this with any stock as I would never take a promissory note from someone who 1) has a vested interest in keeping the price down so as to keep their cost down and 2) might just go bankrupt if the stock does what I hope it will.

[MRP]

I have loaned shares out from time to time and it has always been an on demand arrangement. I don't think it is likely that many people would lend shares for a set amount of time as there is alot of flexibility cost involved that doesn't exist if you loan them on demand .

When I have lent shares out my broker gave me a letter of credit from one of the major financial institutions to cover the loaned stock value.

[trans]

If you are correct Gator, the the real risk in this IOC situation rests with the shorts, extreme risk........I can't imagine a big short in this situation leaving himself exposed to an arbitrary recall of the stock at any time. Suppose there are different agreements (standard retail vs. big short). I hope you're correct, because I feel our bigs know this situation deeply, and could pull the rug from under the big short position. Thoughts anyone?