what does that even mean? like they'll give you call and write you a check? your share is on fidelity or td. how is that going to work? I think it's delusional to think you'll make millions off of GME.
Most likely, X, XX and low XXX holders will get an apointment with a lawyer working for the DTCC that will make them an offer for all their shares. That direct settlement supercedes anything on record with the retail broker.
Larger holders will most likely have enough resources to bring their own lawyer to the party and negotiate. I have already been in contact with one and he helped me devise a plan should it go that way.
This precedent was set in the 1920s, it has legal backing... but more importantly, it's often used in a limited fashion when a company goes bankrupt and is delisted.
And no, it's not delusional to think I'll make millions off of GME. If you don't think that's the case, read the DD linked in the r/Superstonk wiki. Even with a low-side estimate, every share has been shorted and "rehypothecated" 2.3 times and all those positions must be closed eventually.
This has nothing to do with fundamentals (even though they look pretty damn good) and it has nothing to do with technicals (the price now is 100% manipulated). It is a unicorn, a one-time thing that can never happen again thanks to some SEC reforms recently signed into effect.
This proves you are a VERY low information voter, and have zero clue aboutb stocks, about money, etc...
There is far more money than you can imagine. Just because you'll never have 1 million dollars in your entire life, doesnt mean it's not out there....
First sell limit is 35 million. Then sell on the way down.
I don't think there is enough money in the universe to accommodate $35 million a share. Brokers don't even allow for limit sells that high.
You won't be selling at $35M a share through the Fidelity app or a brokerage online website, I agree with you there.
Mark my words- once SHFs are liquidated and the DTCC takes over, I'm 99% confident settlement will take place off-market.
what does that even mean? like they'll give you call and write you a check? your share is on fidelity or td. how is that going to work? I think it's delusional to think you'll make millions off of GME.
Most likely, X, XX and low XXX holders will get an apointment with a lawyer working for the DTCC that will make them an offer for all their shares. That direct settlement supercedes anything on record with the retail broker.
Larger holders will most likely have enough resources to bring their own lawyer to the party and negotiate. I have already been in contact with one and he helped me devise a plan should it go that way.
This precedent was set in the 1920s, it has legal backing... but more importantly, it's often used in a limited fashion when a company goes bankrupt and is delisted.
And no, it's not delusional to think I'll make millions off of GME. If you don't think that's the case, read the DD linked in the r/Superstonk wiki. Even with a low-side estimate, every share has been shorted and "rehypothecated" 2.3 times and all those positions must be closed eventually.
This has nothing to do with fundamentals (even though they look pretty damn good) and it has nothing to do with technicals (the price now is 100% manipulated). It is a unicorn, a one-time thing that can never happen again thanks to some SEC reforms recently signed into effect.
This proves you are a VERY low information voter, and have zero clue aboutb stocks, about money, etc... There is far more money than you can imagine. Just because you'll never have 1 million dollars in your entire life, doesnt mean it's not out there....
The floor is $30 million, shill. No banana for you.
I never said anything about a floor. And you're projecting your shillness, like a good democrat.