Biotech Values

[exwannabe]

Re: Divdends and shareholder voting work the same way with naked shorting.

How is that?

For dividends it is easy. Every long collects and the short (of either type) must pony up the cash.

But for votes? If you have a borrowed and delivered share it is easy, the person who lent his shares losses the vote. So if my shares in a margin account do not get a vote, that's life. I signed off that the shares could be lent.

But on the naked short, who can vote? The answer is absurd.

I certainly am not amongst those that think naked shorting is a big issue, but it clearly is rediculous that the SEC allows it.