It means to me that they (TD Ameritrade) does not have the liquidity to handle short selling on volatile DWAC.
TD Ameritrade has been hemorrhaging GME holdings, and have been having a hard time "finding" customers previously purchased GME shares as those customers have been transferring out of TD Ameritrade and placing the shares with the Transfer Agent (Direct Registration requires real shares).
What does that mean? TD Ameritrade never bought the customer's GME shares, as they are required to do so when the order is placed. They took the money, put an IOU in the account. Now, they need to produce real shares - by the millions of shares - and now, they cost $200 a share, instead of the tiny price they were ordered at.
Back to DWAC - TD Ameritrade is having a hard time conducting business as usual... they are in trouble.
It means to me that they (TD Ameritrade) does not have the liquidity to handle short selling on volatile DWAC.
TD Ameritrade has been hemorrhaging GME holdings, and have been having a hard time "finding" customers previously purchased GME shares as those customers have been transferring out of TD Ameritrade and placing the shares with the Transfer Agent (Direct Registration requires real shares).
What does that mean? TD Ameritrade never bought the customer's GME shares, as they are required to do so when the order is placed. They took the money, put an IOU in the account. Now, they need to produce real shares - by the millions of shares - and now, they cost $200 a share, instead of the tiny price they were ordered at.
Back to DWAC - TD Ameritrade is having a hard time conducting business as usual... they are in trouble.
GOTREK UNDERSTANDS!
This is the way!! ✋💎🤚🚀🌕🪐⭐💰💰💰💰💰
"What's an exit strategy?"
Best line ever, lol!