Replies to post #698062 on NorthWest Biotherapeutics Inc (NWBO)

[attilathehunt]

Because they never own the shares they are never the holder of record and will not have voting rights.

This is true for the short seller... The short buyer does have voting rights...the person who loaned out their shares loses the right...there are 3 parties to this

1. The loaning out their shares....they lose right to vote

2. The borrower the shares....no voting rights

3. The purchaser of the shorted shares (from the 2nd party)....has voting right.

Naked shares only have 2 parties.

1. The purchaser of the naked shorts...has voting rights

2. The MMs who sold the UNBORRWED shares...no voting rights


Thus if naked shorts are huge, then a proxy vote can identify the magnitude of the naked shorts ---especially with a controversial item on the proxy....What we have!!

[attilathehunt]

but the short sale borrower does not get to vote

Correct...The borrower doesn't have any right to vote...The one loaning ,loses their rights to vote and the purchaser of the borrowered shares gets to vote...

Again 3 parties in a legal short transaction....

With naked shorts there are only 2 parties....the purchasers and the MM...the purchaser gets to vote....

Understood?