Advanced Micro Devices Inc (AMD)

[bobs10]

Good questions

The owner of the stock doesn't own the stock any more. The brokerage he deals with has a responsibility to cover any difference in price. The stock is fungible so there is nothing specific about the stock itself. The brokerage sold the owners stock when the short entered into the deal with the brokerage. The short is responsible for dividends. The stock is registered in the street name, but the unsuspecting real owner, whose shares were sold, retains voting rights.

At least that's the way I understand it.