Funny I was just thinking the same thing.
I ring up Vanguard they give me 100M shares. Are those accessible shares long or short? Feel free to answer. Hint Long
I sell 10M. How many do I have left that are long? Feel free to answer that one as well.. Hint between 89 and 91
But yes, your second point. Shareholders should be able to go to a AGM so a big no vote there from many is possible. Agreed
And yes many holders would be worried about dilution and that is a fair point as well.
Ann: Results of Meeting, page-32
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