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dedugan

06/12/24 3:57 PM

#698034 RE: attilathehunt #698024

"The owners of the naked bought need shares would be able to vote..." I don't think so.
Shorts, or naked shorts (I guess), haven't "bought" shares, they have borrowed them. The owners of the borrowed shares have the right to vote those shares, not the entity that borrowed them. So, the total votes cast cannot be greater than the legal outstanding shares.
Bullish
Bullish
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exwannabe

06/12/24 5:09 PM

#698057 RE: attilathehunt #698024

If there are that many naked shorts then I guess the voting would reflect "Yes" votes greater than the legal outstanding shares...

The owners of the naked bought need shares would be able to vote...I doubt we will see a large number of absentee votes so the total vote tally my be revealing.


The total votes represented in the quorum will be a bit under 1B.

As far as total "yes" votes, that will vary a lot. The account Q will get most all. OTOH, Qs 3 and 4 will likely be around 600K as brokers cannot vote uninstructed (I presume) and insiders cannot vote.

There will not be excess votes because the 1B naked short shares exist only in the make believe world.