Do we really own the shares if we don't get voting rights?
$GameStop (GME.US)$ is one of the reasons why it seems like the price doesn't move a lot when we buy it on here because we are already buying from a big pool that MooMoo already owns, then they would technically only have to buy more when people specifically on this app buys a total of 1 million shares or something like that? Just a crazy thought I had.
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JC88 : Moomoo doesnt “own” any shares. Moomoo send our order to the securities to purchase the shares.
Chew SW : Frankly you are completely wrong.
Rusty Shackleford 1 OP JC88 : Why didn't we have any voting rights during the shareholders meeting if the stock is ours in our name? Why did everyone else get to vote
JC88 Rusty Shackleford 1 OP : In order to vote i think those stocks you hold have to be “registered” to the company which they will issue you a certificate. For this it’s best to get in touch with moomoo on the steps.
Rusty Shackleford 1 OP JC88 : Why wouldn't they do that automatically. Wouldn't everyone want their shares registered for multiple reasons? Seems a little weird, in my opinion
J Bradley Rusty Shackleford 1 OP : Registering your stock is a process. Typically only for if you plan on being a long term investor. I mean it helps to prevent guys from buying one share and then voting for something that may end up hurting a company.