Biden’s Current SEC Chair Garry Genzler Was Hillary’s 2016 Campaign CFO When Money Flowed from Her Campaign to Pay for the Scandalous Trump-Russia Lie
(www.thegatewaypundit.com)
🚔 Crime & Corruption 💸
is GME still going? Wasnt that supposed to have brought everything down by June of last year? What an anticlimax that was.
In my opinion, they can continue the crime indefinitely until a few things happen (not all necessary, but at least one)
A market crash which would force the short hedge funds to be margin called.
100% of the float is direct registered with Computershare (GME’s transfer agent). For what it’s worth, GME started disclosing directly registered shares in their Q3 2021 report for the first time ever, so they are clearly monitoring and tracking this move by retail investors.
A non-cash dividend is declared. It is then up to the Brokers to deliver the non-cash dividend. Let’s say the dividend is in the form of an NFT (non-fungible token). GameStop issues 70 million of these tokens. Well, if a billion shares are owned and held by investors, the brokers cannot deliver the dividend to all stockholders. This would give GameStop the opportunity to “call in” all shares, thus forcing the beginning of the shorts to cover.
Outside of that, I am not a gamer at all, but as a CPA I have really been impressed with the direction and financial turnaround of the company. They paid off all their debt by raising capital when the stock was at $250 they issued about 5 million shares. They have poached about 75 top executives/upper management from Amazon, Microsoft, Google, and many other Fortune 500 companies. The only way the shorts can win is if GameStop goes bankrupt and you can’t go bankrupt if you don’t have any debt. They are no longer just a brick and mortar store and soon that will become apparent to the masses.
Shorts never closed. They’ve just found ways to move their short positions around and continue opening more short positions to keep the price suppressed. It’s a ticking time bomb unless Wall Street has completely found a way to fraudulently defuse it without anyone knowing.