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! ?
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? B O O M ! ?
You have it nailed down and I apologize for being a prick in my last response.
Your assessment only has ONE fallacy ... I'm afraid you are completely off on market per share price valuation (per-share pricing/market price discovery) and short position maintenance. No one is going to cover anything when it is cheaper to pay the per-share maintenance. If the shares are priced at $1000, and the maintainence is even one penny less than $1000, they will continue to pay the maintainence right into bankruptcy ... OR if they are "forced" to cover, they can ONLY cover up to the point of ZERO equity. Then, it's over. If the short-sellers are bankrupt, their short positions also go bankrupt. If I borrow money from you, and take that money to the casino and piss it all away on slots, and now I'm broke with no way to pay you back, I'm bankrupt. You are fukt, I am fukt. That is as far as it goes. Unless SOMEONE ELSE agrees to cover my losses ... that is the end of the story.
Short sellers sold borrowed shares intending to drive the stock to zero (scum-bag mother fuckers that they are) APES held strong long enough to bankrupt the short-sellers (maintenance and forced margin calls). It doesn't matter if a short-seller is on the hook for a million shares .. if they and their 'co-signers' don't have the $$$ to cover the margins or maintenance, the game ends there. Period. The price will then be set by the APES left holding the stock. The shorts will be bankrupt. They are out of the game for good. Now it's finally a FAIR market. What then do you think the market will decide GME is ACTUALLY worth.