The system was supposed to fail. Instead of Hedgefunds, bankers, etc. keeping profits and leaving us to deal and clean up the mess, Apes will take whatever’s liquidated from GME shorts’ infinite losses.
GME is over-shorted, everyone acknowledges that GME is manipulated to hell, yet nothing is happening. Just kicking the can as far as it’ll go. After all, once the music stops, their “GameStops” too.
Either way, it’s also incredibly undervalued, so even if shorts had closed (which hasn’t happened), it’s worth so much more on fundamentals, and this is without their NFT/whatever other ventures they have in play.
Much MUCH better than keeping cash in a savings account or whatever.
What about it?
The system was supposed to fail. Instead of Hedgefunds, bankers, etc. keeping profits and leaving us to deal and clean up the mess, Apes will take whatever’s liquidated from GME shorts’ infinite losses.
GME is over-shorted, everyone acknowledges that GME is manipulated to hell, yet nothing is happening. Just kicking the can as far as it’ll go. After all, once the music stops, their “GameStops” too.
Either way, it’s also incredibly undervalued, so even if shorts had closed (which hasn’t happened), it’s worth so much more on fundamentals, and this is without their NFT/whatever other ventures they have in play.
Much MUCH better than keeping cash in a savings account or whatever.