Crossbow, I understand perfectly how short selling works, I've done it. My query was on so called NAKED shorting. I pointed out that these could NOT be on the companies books.
My query was on how naked shorting (which could not be done by
ordinary people) could work on companies that payed out a dividend - especially a large one like a 'special', especially of shares.
I mean, someone has to buy those 'naked' (not on the register)
shares and would be expecting that dividend (cash or shares).
My query was set out very clearly, and I gave an example.
So please don't anyone tell me about regular, accepted, 'shorting'. My query is about NAKED shorts.
Thanks for your response anyway. At least you tried even if you were off beam.
