Mr Cooper Group Inc (COOP)

[turb]

FLAW IN VOTING RIGHTS, SOMEONE INFORM SEC

According to the webpage provided below, if person X has margin account and when his/her shares are loaned for shorting to person Y, short seller Y has the right to vote and not X.

So if most common shares are loaned to short sellers for all these days to keep the price at 0.17, then why would these short sellers vote in favor of Equity? These short sellers will vote to destroy and wipeout the common shares. Its a BIG BIG FLAW in the voting right system.

http://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp