Replies to post #698060 on NorthWest Biotherapeutics Inc (NWBO)

[evanstony]

The start of the Short sale is the Sale of borrowed share... the short does not have shares to vote the buyer of the short does...

To close the transaction the short buys shares that are returned to the lender...

[attilathehunt]

This is because the short seller is considered the registered holder of the shares.

yes until he sells those borrowed shares then the buyer of these shares gets to vote....

Thus if there is a large naked short position it may become visible in a proxy vote...especially if there is a hotly contested issue ...as we have on ours.


I believe it is to draw out as many votes as possible and ascertain the naked short position...

This item on the proxy can be approved scores of times, however it won't sway the judge....It looks like it was approved twice before so why do it again?

The answer to draw out the size of the naked shorts....

Time will tell if I am correct....

Ask your broker or attorneys the specialize in trading...I've asked several and they all being saying that naked short selling is illegal....Once you get them over that hump and ask hypothetically...you will come to a realization...that if all votes are cast and there is a huge naked short position, the tallied votes WILL EXCEED the outstanding shares...thus you get an idea of the size of the naked short portion....Hopefully this will come out with discovery.

[learningcurve2020]

No wonder management always gets so many YES votes. LOL.

[dedugan]

I think that is wrong.