Taking Stock #8 - 9/27/23 What is a Share? with jackofspades123 (lemmy.whynotdrs.org)

submitted 11 months ago by [email protected] to c/[email protected]

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Twitter link: https://twitter.com/i/spaces/1OwGWweVNWRGQ

This week on Taking Stock, we dove into the economic and voting rights which an investor is granted after purchase, and what assumptions investors make about those rights. jackofspades123 joined us for this deep dive, and we had a great conversation! Jack prepared some slides and sources - these slideshows are linked down below.

Taking Stock #8

Twitter Link:

https://x.com/i/spaces/1mnxepyaRBoJX

mp3 Link:

https://static.wixstatic.com/mp3/06e09f_dfd625ecd0304ea79678517aa478a8b8.mp3

Itinerary:

https://imgur.com/BzfKmKo

#Important Reminders

Next Taking Stock Wednesday, October 4th - What is a share? continued with jackofspades123
Terminate DirectStock (https://www.drsgme.org/terminating-from-directstock)
Join DRSGME Discord (https://discord.gg/EGvmpdGDm)
Join Lemmy (https://lemmy.whynotdrs.org/)
Visit https://www.drsgme.org and https://www.whydrs.org

#Links and Resources

Computershared.net is back! https://www.computershared.net/ https://imgur.com/0ZM7C74
jackofspades123 Slideshow on Voting Rights (https://imgur.com/a/wrNlVP3)
jackofspades123 Slideshow on Settlement (https://imgur.com/a/nO8gJHc)

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[-] [email protected] 4 points 11 months ago

good discussion, just finished listening to it.

some of my takeaways:

beneficially owned shares, e.g. shares held in a brokerage account, are not really shares but share entitlements
registered shares provide full proper voting rights whereas beneficially owned shares do not.
the voting process is a total mess, that basically every vote that happens has an over-voting because of too many share entitlements
registered shares receive a dividend directly. beneficially owned shares do not, they receive a payment in lieu of a dividend, which has potentially negative tax implications.

much of what was discussed here is also described in Naked Short and Greedy.

this post was submitted on 18 Oct 2023

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Taking Stock is a weekly conversation and community Q and A held every Wednesday evening on Twitter spaces, which is focused on:

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First we take stock - and then we take stock.

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