InvestorsHub Logo
Followers 12
Posts 3342
Boards Moderated 0
Alias Born 02/11/2005

Re: mugs57 post# 31602

Thursday, 01/05/2012 6:20:56 PM

Thursday, January 05, 2012 6:20:56 PM

Post# of 35926
In theory, the registered owner for a given date is the person who can 'vote their shares'. In theory, this would be the person who is 'long' or the original purchaser/owner. The person holding the 'shorts' is not supposed to be able to vote those shares. Over the past few years there have been 'issues' regarding whether the rules are being followed (e.g., those in possession of the shorted shares have voted, though they should not be able to). The industry needs to figure out what they are going to do about it. In the case of Michelex, it's basically a moot point at the given time.

Bottom line, you will be able to vote the shares that are listed for you.

Hope this helps a little bit.

Sincerely,

Dino A. Sawyer
savemichelex@gmail.com

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.