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Re: Tekterra post# 3919

Tuesday, 07/11/2017 2:44:39 PM

Tuesday, July 11, 2017 2:44:39 PM

Post# of 7747
Tek - I may be wrong but the proxy is for record holders as of 5/12. That means transactions had to be done prior to the close of business 5/9 - settlement is 3 days. As published by NASDAQ short interest was 10,653,099 on 5/15 (one trading day after the proxy announcement). IMO if the hedge funds what were shorting the box on 5/12, they wouldn't be eligible to vote their long positions; but if they borrowed the stock to cover their short position before 5/12, then they could vote their long stock. I'm not an expert on this subject, but I'm of this opinion.