Re: short sales
in response to
by
posted on
Jun 22, 2013 08:46AM
First, thank you for telling it like it is! And yes for those running the market place it is all about the money.
That said, you wrote: "There's a lot of shares in the float, over 400M."
So here is my comment about your statement: Who owns those shares? I have met several shareholders at the SHMings that say they own in the one million shares range. So I would venture to say that by my unofficial calculations that would be somewhere around 20-30 million shares. Several years ago there was a small group of people ( a family or mother and daughter) that were very close and cozy with a board member ( a female, so guess who that is ) and a few people at the meeting said that they were really big shareholders ( what ever that means). I did not see them at the SHM this year. Then the other day someone wrote that DL has 2 million shares. I was at the previous shareholder meeting where I heard DL state to the audience that he had 3 million shares ( that was the meeting where the BOD would not directly answer the question of about Apple having bought a license ). Then there are the shares of people like Wolf ( if not sold after his passing ) and Brian.
So just very roughly I will just throw out that about 50 million shares who's ownership can be obvious to the public. I have tried to determine, through shareholder lists provided by the company in the days prior to the SHM, the ownership of the other 400 million shares. ( I had to fight to get to see those lists by the way.) From those lists I was able to learn the ownership of only about 115 million shares. So adding the two numbers together is roughly about 165 million shares by my unscientific calculations.
I was very surprised by the voting tallies at this years meeting because the numbers were seemingly lower that my recollection of years past. So something has changed about ownership or interest in voting IMO.
The question I have is who owns the other 285 million shares? According to the lists provided by the company about 300 million shares are in Street Name.
My belief is that the BOD are mere pupets of one or several major shareholders. They do the bidding of those that put them in their seats. After all these years and history if there are any secrets known to the major shareholders they could make board members very uncomfortable by exposing those secrets. Board members can be replaced, but they know things too after all these years. A court ruling one way or the other will break any chains that bind them.
So who is really running the company and to what means or end? That is what I want to know. And who is owning more of this company every day? Someone might be selling a million shares like the other day this week. But then again someone is buying. Venture I say that for the major shareholders it is as you stated, it is all about making money?