I didn't see the count of the number of shares but I do now. Thanks. I note the answer was posted in the prior message and the posting time is one minute before my post. No worries.
I still see no way to confirm that the number recorded in the computers of those actually counting the votes is necessarily the same as what is printed on my sheet of paper. Regardless, we are still left with the issue of how this issue is handled. One way to do this is to create virtual votes. This is starting to look like quantum physics!
If the brokerage house for instance finds it is sitting on 100,000 shorts then if it can simply advise that it needs an extra 100,000 votes then we have virtual votes. IE, the broker creates them out of thin air and everyone else seems to be happy with this solution.
Lets say that virtual votes can be created, out of thin air so to speak.
Lets say that a rouge decides to attempt a take over via a proxy vote. Is this scenario possible?
Said rouge acquires via legitimate means say 9.9% of the company. A short while before the day of record said rouge starts to short sell. These are covered shorts of course. Meanwhile as said rouge short sells, said rouge buys the shares he is shorting. Whether said rouge does this via his own account or via other accounts he holds or controls is not the issue.
The point is that at no time is said rouge in a net position of owning more than 9.9% of the company.
The day of record comes along and proxy forms are issued. In this case if we have virtual votes, then said rouge will be issued far in excess of 9.9% of the votes he should have. In fact at this point I see no reason why said rouge would be limited to only doubling his votes... he should be able to short and buy back his shares more than once... but he can at least do it once.
If this is possible then said rouge can waltz into the AGM and show he has 20%, 30% whatever % he's able to create in fact... since virtual votes seemingly can be created out of thin air then the only practical limit is the number of times the short sale/wash buy can be executed. As for matching these up? How? We still have the Jim, Rob, and Jerry scenario and no doubt some of these can be virtual clients.
Again I ask. What happens. How do they extradite themselves from the ka ka.
