GME gonna do a stock split! Good bye Hedgies.
(media.greatawakening.win)
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But wouldn't the split weakens the shares and now that they're more shares wouldn't the banks have more shares to cover for the fake shares? IDK, their is a problem of people holding having even more shares. Can anyone explain?
No because every shareholder’s shares would have to multiply. So let’s say for simplicity’s sake that there are 1,000 investors all hodling 100 shares, but the true float is only 75K. If every single share was to be multiplied by say 7, there would be 700,000 floating around despite the true float of 525,000. But how can that be if there’s only 75K shares to split?? Synthetics are the only way, and if that’s the case hedgies would have to close their synthetics in order to get the “real” shareholders their 7/1 shares. And by real shareholders… there’s no way to tell because technically every shareholder is a real shareholder (outside of DRS). There’s no way to identify synthetics and thus why the float MUST be reduced to the original 75K.
But because they’re synthetic AND short, you get MOASS.
Thank you, I could not wrap my head around the issue. I was getting lost in the mechanics. Really thanks, it's not my wheelhouse and I just don't have the tool set to understand the mechanics of what was going on.
Absolutely fren!! It’s intentionally made difficult and entangled to keep us out. I was a smooth brain a year ago, and still am, but I’ve gained a wrinkle or two.
And then we all go to the moon.