Jul. 2 at 7:45 PM
$AFIIQ Funny Tidbit I'd like to share.
I average about
$50 a month in gains from my AFI shares every month from Robinhood stock lending, thats where my shares are stuck since this went to the grey sheets.
Its been rock solid consistent since Robinhood started that program.
That comes out to about
$600 a year.
Does anyone else find it strange that Robinhood would borrow shares of a defunct stock trapped in purgatory and actually pay out hundreds of times what the stock is actually worth? If i was to try and sell my shares the most i could get is 6 bucks.
What do they gain from this? At this rate i will have made my money back in interest payments around 2075 at this rate. 😂
Anyone else on RH experience the same?