June 25, 2023
The absurdity of giving derivative contract holders voting rights is beyond belief, and to the point of suspecting nefarious motifs Payment for a derivatives contract is a premium, much like an insurance policy premium. The holder of this policy does NOT, nor is ever required to own the underlying security. In fact, most contract holders NEVER purchase the underlying stock at all, opting instead to simply take the gain/loss. Stockholder voting rights should be strongly maintained as is, and without further complication and dilution. The deck is already stacked against retail investors as it is without adding another Ace in the hole for Wall Street. If you continue down this path, all retail investors will pull out and leave hedge funds and market makers to play by themselves