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A comment on Ask HN: Tell me why wallstreebets is wrong. Parent comment

Re:Ask HN: Tell me why wallstreebets is wrong by dingaling on Friday January 29, 2021 @06:38AM (#25956264)
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?

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Re:Ask HN: Tell me why wallstreebets is wrong by xscott on Friday January 29, 2021 @08:50AM (#25957176)
Voting 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?
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