May 18, 2021 r/Superstonk Live AMA for Wes Christian. Statement @ 32:25: "THE PROBLEM IS THIS [naked short selling] IS CONTROLLED BY THE CABAL." There you have it folks! Q and the fight against the Cabal is going mainstream! When the Cabal falls, the rocket will soar! ?
(www.youtube.com)
? B O O M ! ?
I love the enthusiasm ... It is awesome. But you realize, for the share price to get to an asking price of $1,000,000 per share, someone out there has to be willing to buy that share ... for a Million dollars. One share. Whose going to do that? The hedge funds? No. They won't. Even if the underwriters hit them with a margin call. They will just ignore the margin and let the bankruptcy courts handle the liquidation. That will take years. The assets they have on hand might be liquidated but no one is going to force them to find a way to close out the entirety of the short positions at those prices. They will just sell what they have and declare bankruptcy on the rest. The underwriters may have to cover the banks' losses but I assure you the underwriters are not gonna leave the bank insolvent. That would be suicide. No 7 digit price targets are fantasy. NOW ... in the thousands? That could happen. As long as we still have Buyers at those asking prices, yes, it could happen.
It most certainly could destroy some banks and banking support entities in the process. But Wall Street has a way of weaseling their way out of bad situations.
Perhaps.