Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (37570)	2/27/2000 11:13:00 AM
From: Mohamed Saba	Read Replies (2) \| Respond to of 93625

mishedlo regarding shorted shares: Thanks for taking a stab at it. However, I didn't understand 23+9 does not = 32! To start with: 23 M shares are owned by longs. Many of those 23 M shares are held in brokerage firms and available to lend to whomever wants to short. People who wanted short, borrowed some 9 M shares and SOLD them to others who wanted to buy. Now we have 32 M shares owned by long people. (Yes, I understand there are 9 M shares held short) And, yes I also understand that borrowers don't get the dividend, nor do they get to vote. Obviously. My question is about the fact that out of the 32 M shares held long, only 23 get dividend and get to vote. The dividend problem is actually easy to answer: the shorts are liable for the dividends. So the shorts would have to pay the dividend to the people they sold to. But voting rights is still a question! Thanks again. Mohamed