NorthWest Biotherapeutics Inc (NWBO)

[hankmanhub]

I never really understood how voting works if you have a very large number of naked short sales. Presumably all (most) of the buyers from the naked shorts are unaware that their shares are not actual shares entitled to a vote and will presumably try to vote their shares just as any "legitimate" shareholder will. So when the company receives votes for say 150% of the outstanding shares, how do they adjudicate which are the legal votes and which to discard? If they can not distinguish, which is which, will that invalidate any vote at an ASM?

Same question for a BO. who gets money from the buyer as holding legit shares and who does not? In this case the shorts would probably be forced to cover or their brokers will have to pony up. But this does not happen for a run of the mill ASM vote.