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Thanks for posting that. Have you found any reference to how they would handle short selling or derivatives? What if my ownership is of negative duration (nake
by qubex 9y ago
Thanks for posting that.
Have you found any reference to how they would handle short selling or derivatives? What if my ownership is of negative duration (naked short), how would that affect the average against which the seniority is measured (clearly I would have no title to voting). It has to be a relative measure since otherwise if everybody just bought the stock everybody’s rights would be 0 and nobody could vote to control the company.
How would they handle options? How would they handle ownership by means of intermediate vehicles (e.g. trust funds) that have themselves changed hands?
- pavel_lishin 9y ago> Have you found any reference I haven't bothered searching. If they don't care enough to sell me on the idea - and they probably don't, I'm not their target - I don't care enough to go looking for reasons to buy into it.
- eries 9y agoSee above - our rules do handle derivatives and options elegantly (imho), but I can’t say too much about how it works yet.