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Misinformation clarification: June shareholder vote did NOT have >90% of shares officially recorded as voting
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There is a misinterpretation of the shareholder vote numbers from the June 2021 meeting that I've been seeing since, which has been increasing especially as we see posts about suing for voting records.

Gme recorded ~55.6m shares voted in the June 2021 shareholder meeting. Apes saw this number as being approximately equal to the float at the time and equated this to meaning that because the float was voted, the vote had >100% turnout and was adjusted down to equal the float.

This isn't the case. The number that matters is Shares Outstanding, which currently is ~76.5m (and was around 71.5m in June, if memory serves). This is because insiders, which aren't included in the float, are able to vote. This means we had around 78% of the shares voted, not numbers like 99.99% which I've been seeing tossed around. While I think it's extremely clear that there are far more shares in existence than the should be, this isn't confirmation of that.

Edit: in 2013, the entirety of the shares outstanding were voted, for an example. We know the shf's have been naked shorting for years, so just imagine how many shares there are since then

Edit 2: fixed a couple numbers

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3 years ago