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Poptech

07/20/13 9:17 AM

#291924 RE: RisknReturn #291915

Risk: Your proposal would match the current idea that YA is turning over their debt to the whims of retailers. Very generous of them.

If they voted as you insist, they throw away their vote. To put the numbers in perspective, lets assume there are 100 shares to vote and retailers had 75. The example vote was close:

Option 1: 40 votes (WINNER)
Option 2: 35 votes

YA then votes their 25 votes as FOR on both options:

Option 1: 65 votes (WINNER)
Option 2: 60 votes

So a vote of FOR on opposing options cancels out the voter's shares. They might as well not bothered voting.

If you think YA might want to have a voice with their votable shares, they would vote FOR on one option.