As I said, if it was that simple, Wes Christian would have to find a new line of work.
It's not simple because not every one votes. If 100% of shares voted, then it would be simple...
In fact, here is a breakdown:
Proxy voting participation historically tends to be on the lower side compared to the total number of outstanding shares.
Average Participation: It's difficult to pinpoint a single, definitive average, but studies suggest participation falls around 30-40% of outstanding shares].
Recent Trends: There have been some fluctuations. For instance, participation reached a record high of 40% in 2021 but dipped to 34% in 2022.
Retail vs. Institutional Investors: Generally, institutional investors (like mutual funds) have a higher voting participation rate compared to retail investors (individual shareholders.
...
I'm hoping (due to the emotional sensitively of this proxy) we will see a huge voter participation...at least 60%.
So, if 1B naked shorts do exists, and around 60% of shareholders vote...Then 60% of 2.2B (1.2B Outstanding shares + 1B naked shorts shares) would indicate at least 100M naked shorts...(2.2B x 60% = 1.3B less 1.2B outstanding = 100M naked....
If we get 80% voter participation then that would indicate 500M naked shorts. (if 1B naked shorts are true)...
In any event, If the total tally on any individual item exceeds 1.2B then that would indicate a naked short position does exit...
Let's hope the compensation items on the proxy brings forth a higher than normal voting. If it does, then hopefully we will see if a sizable naked short position exits...