No, it was a margin call. They over-leveraged, and they became too much of a risk. Seems to me like they shorted the fuck out of GME. Hwang’s old employer advised GME to switch their game plan up or they’d go bankrupt. Hwang found out GME was not going to change, so he shorted it, probably at the very bottom, so they got margin called for their shitty play, high-risk, and no cash.
Was it "sold" or siezed as part of the EO? They'll probably not be telling the truth about it.
Time will tell us.
It was sold. Margin called a hedgefund, who probably over leveraged on GME. Look up TigerCub Archegos.
They got margin called. This is nothing, just wait until silver and GME pop.
Wondering if I should sell my Silver for it’s true price or just hodl
Obviously unless it hides something else
No, it was a margin call. They over-leveraged, and they became too much of a risk. Seems to me like they shorted the fuck out of GME. Hwang’s old employer advised GME to switch their game plan up or they’d go bankrupt. Hwang found out GME was not going to change, so he shorted it, probably at the very bottom, so they got margin called for their shitty play, high-risk, and no cash.
Interesting, isn't it ?
Source? date?
Other source: https://www.scmp.com/business/banking-finance/article/3127302/goldman-sold-us105-billion-stocks-block-trades-hitting
By Joe Hoft Published March 28, 2021 at 5:40pm