Aug. 15, 2023
I believe that shares, and only shares, get rights. There is already some extremely shady activity with the existing process and allowing for derivatives would certainly entail further manipulative practices. That fact that this is being proposed is mind boggling. Ticker BBIG and AMC are brutal examples of this. Institutions throughout 2022/2023 owned a low percentage of these companies overall shares and somehow proposals overwhelmingly opposed by retail were finding a way to be passed. When the companies did not get their proposals for dilution passed they delayed results and held "special meetings" to try and push it through again. What happened behind close doors and through reporting loopholes is a complete mystery. I recommend that investigations need to take place to look into these two tickers before allowing further nefarious activity by bad actors.