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That depends upon the articles of the company. Sometimes shareholders have to approve the new issue, sometimes they have first rights on purchase. Given that
by dingaling 6y ago
That depends upon the articles of the company.
Sometimes shareholders have to approve the new issue, sometimes they have first rights on purchase.
Given that the shorters aren't actual shareholders, that might not help.
Then there's the question as to why GME would forego revenue by issuing stock under market price. They're not at any risk at present, so why leave money on the table?
- xscott 6y agoVoting shorted shares is interesting, and I'm curious: Alice borrowed Bob's shares (through the broker, Bob doesn't really know), and Alice sold them to Charlie. I assume Bob doesn't get a vote, even though he thinks he owns a share?