CNBC and Jim McRitchie's blog reported on "Say.com," an emerging online tool that aims to give retail investors a greater voice in their portfolio companies by effectively crowdsourcing questions that are then posed for companies' consideration for their earnings calls, and otherwise facilitating direct engagement between retailer holders and their investee companies.
Per Say's FAQ's, verified shareholders, i.e., those who have linked their brokerage account and confirmed that they own stock in the relevant company, can submit up to three questions for each earnings call for the company's consideration, as well as vote for an unlimited number of fellow shareholders’ questions. The website displays for each question how many votes it received and the total number of shares those votes represent. Say will aim to partner with brokers not already on their list to establish retail holder-company connections.
Hundreds of Tesla shareholders (representing 198,673/$63.0M in shares) submitted questions for Tesla’s January 30th Q4 earnings call. The website shows questions asked and answered, as well as the number of shareholder votes per question. See Elon Musk's responses to questions on Twitter.
Twitter also took questions on Say.com for its February 7th Q4 earnings call.