I find it interesting that Patrick Byrne from Overstock was working with Trump at the White House towards the very end of his term.
It’s also interesting to me that Ryan Cohen’s first buy-in was shortly after Overstock issued a crypto dividend in an attempt to force the shorts to cover their positions. It could just be a coincidence but I think it gives credence to the idea that GameStop might issue an NFT dividend that forces the shorts to cover.
An NFT dividend also makes a lot of business sense. It’s a great way to immediately get millions of people using their new NFT marketplace.
Wow, i did not know Patrick Bryne was working with Trump.
I don't know if RC will release a NFT dividend. My opinion is the people have to cause this to take off, because then they can't blame one person (RC) and take him down. They can't sue millions of people for DRSing their shares. DRS seems to be the way to end this. Once the entire float is locked and DRSd, what happens then? RC gave cryptic hints to DRS, he couldn't say it outright. That's a huge tell.
At the last earnings report, they showed how many shares have been DRSd. That's a big tell also, that DRS is the way.
Edit: Also didn't Overstock get in trouble for releasing a crypto dividend? If a NFT dividend was released, wouldn't the brokers just provide a cash equivalence, since they can't provide the actual NFT?
Yes, Patrick Byrne was working with the Trump team very briefly I think in December or January. From what I recall it was in regards to election fraud. Who knows if it had anything to do with the stock market, but it’s definitely worth noting.
I don’t disagree with you on DRS. As things have progressed it seems more and more likely that GameStop will not be the one to press the launch button. DRS being the initiator makes sense in that the people are taking back the power themselves. I also think it’s why GameStop hasn’t released or officially announced their plans for the NFT marketplace.
I’m very curious to see how many shares have been DRS’d by the next earnings report. I’m guessing it will be somewhere around 15 million. With a free float of 36 million that is quite significant. Although I think we will need to DRS the entire float for anything to truly happen.
I’m sure the pace has sped up pretty significantly over the past couple of months due to this massive short attack. People are buying a lot more than they would have if the price was still in the 180-200 range and their dollar goes quite a bit further.
Overstock got sued by the hedge funds, but the courts ruled in Overstock’s favor.
With Overstock’s crypto dividend the shorts ended up being able to issue a cash equivalent. However, the idea behind an NFT dividend is that there is no cash equivalent so there would be no way for the shorts to provide the dividend since they can’t replicate an NFT the same way they do with synthetic shares.
All these hedgies have to close their shorts. Which would send the price to the moon. Bankrupting hedge funds and up the chain.
Worst case scenario is you are investing in a company that is in the midst of transforming into what many believe will be valued at 1000+ dollars a share once they are done. They are getting into NFT and have already created their portal for people to sign up. NFT will be bigger than crypto. The metaverse will be using NFTs. It’s a bright future for GameStop
Am I the only one who sees this as poetic, even if it turns out to not be true?
Just looks like more Troll-king 4d chess by PDJT. Words mean things, and this would be exactly the sort of thing that he would do.
In all honestly I think it is part of the operation to take down the cabal. People call DFV (guy who kicked this debacle off) a time traveler.
I find it interesting that Patrick Byrne from Overstock was working with Trump at the White House towards the very end of his term.
It’s also interesting to me that Ryan Cohen’s first buy-in was shortly after Overstock issued a crypto dividend in an attempt to force the shorts to cover their positions. It could just be a coincidence but I think it gives credence to the idea that GameStop might issue an NFT dividend that forces the shorts to cover.
An NFT dividend also makes a lot of business sense. It’s a great way to immediately get millions of people using their new NFT marketplace.
Wow, i did not know Patrick Bryne was working with Trump.
I don't know if RC will release a NFT dividend. My opinion is the people have to cause this to take off, because then they can't blame one person (RC) and take him down. They can't sue millions of people for DRSing their shares. DRS seems to be the way to end this. Once the entire float is locked and DRSd, what happens then? RC gave cryptic hints to DRS, he couldn't say it outright. That's a huge tell.
At the last earnings report, they showed how many shares have been DRSd. That's a big tell also, that DRS is the way.
Edit: Also didn't Overstock get in trouble for releasing a crypto dividend? If a NFT dividend was released, wouldn't the brokers just provide a cash equivalence, since they can't provide the actual NFT?
Yes, Patrick Byrne was working with the Trump team very briefly I think in December or January. From what I recall it was in regards to election fraud. Who knows if it had anything to do with the stock market, but it’s definitely worth noting.
I don’t disagree with you on DRS. As things have progressed it seems more and more likely that GameStop will not be the one to press the launch button. DRS being the initiator makes sense in that the people are taking back the power themselves. I also think it’s why GameStop hasn’t released or officially announced their plans for the NFT marketplace.
I’m very curious to see how many shares have been DRS’d by the next earnings report. I’m guessing it will be somewhere around 15 million. With a free float of 36 million that is quite significant. Although I think we will need to DRS the entire float for anything to truly happen.
I’m sure the pace has sped up pretty significantly over the past couple of months due to this massive short attack. People are buying a lot more than they would have if the price was still in the 180-200 range and their dollar goes quite a bit further.
Overstock got sued by the hedge funds, but the courts ruled in Overstock’s favor.
With Overstock’s crypto dividend the shorts ended up being able to issue a cash equivalent. However, the idea behind an NFT dividend is that there is no cash equivalent so there would be no way for the shorts to provide the dividend since they can’t replicate an NFT the same way they do with synthetic shares.
Probably told him the would shoot him in the head and dump him in the swamp.
All these hedgies have to close their shorts. Which would send the price to the moon. Bankrupting hedge funds and up the chain.
Worst case scenario is you are investing in a company that is in the midst of transforming into what many believe will be valued at 1000+ dollars a share once they are done. They are getting into NFT and have already created their portal for people to sign up. NFT will be bigger than crypto. The metaverse will be using NFTs. It’s a bright future for GameStop