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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: LoLoLoLita who wrote (3622)	12/13/1997 9:20:00 PM
From: blankmind	Respond to of 23519

-- Generally, the new "Rights" make it cost prohibitive for an unwelcome suitor. In VVUS' case, even if you had 20% of the common, the remaining 80% of the shareholders would be given rights to dilute your ownership down to 10%. -- In a takeover, the shorts would get toasted. In fact, when you see an announced takeover, and the stock goes beyond the target for a day or 2, it's generally short covering. Shorts cover at any cost. --- Your last question stumpted me. I never thought about it: <<Finally, can someone explain how many shares are entitled for voting at a shareholder meeting when we have so many shorts? That is, have the institutions who lent out their shares temporarily relinquished their right to vote for the lent-out shares?>> Out.