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Bullboard - Stock Discussion Forum Hudson's Bay Co. HBAYF

Hudson's Bay Co, or HBC, is a Canadian retail business group. The company operates department stores throughout Canada, Belgium, Germany, and the United States under various banners. These banners include Saks Fifth Avenue, Hudson's Bay, Lord & Taylor, and Off 5th in North America and Galeria Kaufhof, Galeria Inno, and Sportarena in Europe. HBC also has investments in real estate joint ventures... see more

OTCPK:HBAYF - Post Discussion

Hudson's Bay Co. > Shorts
View:
Post by Maxmoe on Nov 01, 2019 7:34pm

Shorts

I noticed the record date for the big meeting is November 8 and I was wondering ..... what happens with all those shorts? Last report there were 4 million shares short. Shorts can't vote the shares they shorted but the buyer of the short sales can, plus any shares borrowed by the shorts can be voted by the lender right? Any computershare folks out there know how it works? Shorts have to cut a cheque when a stock goes ex dividend but how do they cover a vote?
Comment by estebancaballo on Nov 01, 2019 7:58pm
Have to wonder who is shorting this stock with a buyout price above the current sp??? They are hoping the deal falls through? Or could this be another tool used to keep the sp down to give investors the impression that they aint gonna get a better deal than that on offer? Not that anyone would be that nefarious....I guess I have too much imagination.... All imho.
Comment by estebancaballo on Nov 01, 2019 8:00pm
Nov 8? I thought it was in December.......sooner the better!
Comment by Maxmoe on Nov 03, 2019 7:14pm
Shareholders of record nov 8 are eligible to vote at the December meeting and will be mailed an info circ and proxy. 
Comment by estebancaballo on Nov 03, 2019 11:08pm
Ok you got the date wrong...why not admit it?
Comment by estebancaballo on Nov 03, 2019 11:13pm
Sorry Max! I misread your post. You didn't say the meeting was on Nov 8. My sincere apologies.
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