SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Zebra 365 who wrote (4237)1/3/1998 11:05:00 PM
From: LoLoLoLita  Read Replies (2) of 23519
 
Zebra,

Thank You for your good summary of short sale info. If you
can't answer the following question, maybe someone else can:

When shares are "borrowed from another customer" does that
other customer forfeit the right to vote at the shareholder
meeting? Only 33 M or so shares are authorized to vote.
But (counting the "phantom shares") we had 43 M shares out
as of 12/15.

Also, I want to add to your post that in addition to being
liable for any dividends, the shorts are liable for any
warrants, rights, etc. issued by the company (e.g., the
"poison pill" distribution that is already authorized by Vivus
in case of a takeover attempt). It is my understanding that
if such a distribution were to occur, the shorts would have
to purchase those rights on the open market in order to
"make whole" the buyer of the shares that they sold short.

David
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News