They are preparing for the NFT dividend. Get in now before it's too late. It's a fire sale right now.
The next shareholder meeting (June 9th) the vote on the stock split will go through.
theoretically, one stock is worth infinite amount of money. I highly recommend everyone to have at least one.
For people who don't know, it has potential to be infinite because you get to sell it for what you want when shorts have to buy it back. The theory is there at 10 synthetic shares for every real share. Shorts HAVE to cover. And even if there isn't that many synthetics, if there is at least 1 real for every fake, it's still infinite potential.
The meeting is June 2nd, shorts have to CLOSE, and reported short interest was > 140% last January before the sneeze. Hedge funds didn’t close, they just shifted shit around and doubled down. They couldn’t have closed then if they wanted to.
The game has been rigged forever. They, like Hilary, never thought they could lose.
Yeah, like Jan ‘21. Current reporting of SI has changed. 140% used to be the highest it could be reported, so it was in all likelihood much higher then as well. They have used swaps and other methods to hide SI now.
Bottom line is they are still fucked, but more so now than before, even if SI wouldn’t seem to indicate that as the case.
140% used to be the highest it could be reported, so it was in all likelihood much higher then as well.
Sez who?
They have used swaps and other methods to hide SI now.
Sez stock manipulators on the internet, but no proof.
Bottom line is they are still fucked
Not likely. Goldman Sachs and others make them money off of this shit, and they know how to make sure their customers don't get blown up.
You guys are believing a fairy tale story. If you wanna gamble a bit, no big deal. But for those who have serious money (to them) on the table, they should clear their mind on this story.
That mathematically can't happen unfortunately. The absolute highest they can split is 13 to 1 if the shareholder vote is successful to change from 300m to 1bill issuable shares.
If they did a reverse stock split, your 1 share at $250 would become 1/10th of a share at $2,500 each, for a total value of $250.
Stock splits do not make you rich. Anyone who says otherwise is shoveling bullshit on your truck.
For shorts, it's the same. If they were short X number of shares with a total short value of $Z, they would still be short the same amount of money after the dust settles. Their brokerage account would not change, in terms of dollar amount short. So, it is irrelevant.
However ...
Anytime a company does a split (and especially a reverse split) when there is no apparently valid reason to do it (like a $1,000 per share stock price and they want more people to THINK it would be more "affordable" at a lower price), then something is rotten.
It means the CEO/execs/directors are manipulating the stock, and that can never be for a good reason.
I own quite alot of GME myself. The MOASS or infinite losses being described is a possibility no doubt and a reason why so many jumped in. Keep in mind if.....infinite losses occur, this sounds like, YES we are all wealthy monetarily, however a complete and total market and currency crash is also a very likely outcome. Take that for what its worth, noone knows its never happened. But having millions of worthless dollars is something to keep in mind. Which should mean the smart ones immediately re divest into other options of value, not a Fiat currency.
My speculation is the GME wallets will be the "buckets" to capture the new currency of the next 50 years. They will be used for company dividends, GME tokens, stable coins, DAO governance models for voting on ideas/projects, NFT'S and a way to crush the shorts with their synthetic "shares".
You will have a unique footprint on the blockchain that cannot be counterfeited. It's your GME fingerprint. It's an attempt to have a pure financial corporate model (or at least a step up from the whorehouse that is Wall Street today).
I havent dove too deep in the NFT and blockchain plans gamestop has going. I tend to revert back to extreme hesitation if we are actually faced with a currency dissolution and another replacement relies on electricity for access. Ill be converting Fiat to tangibles and tradeables. All very reasonable speculations there though and I think it would be prudent to see how those play out if this all rolls out as the "apes" are speculating.
For this reason it's gonna be a hectic few weeks when it does take off. I'm definitely gonna sell a portion on the way up/down (not looking for a top) to put it into gold/silver/cyprto/land immediately while the frenzy is going on
Yes. Short selling has the potential for INFINITE losses. Throw in the fact that a Market Maker (Citadel) abused their special "providing liquidity" abilities to create 100s of millions of fake GME shares out of thin air... we are now talking about the potential for infinite losses to be extremely high, especially if there are plenty of "apes" that refuse to sell all of their shares when the price runs up. The only thing I see stopping this big mess when it takes off is if the government steps in and shuts it down for the "safety of the economy".
Although I have bought a handful of shares, I am not totally optimistic that it will work out as some are saying. The powers that be can totally halt trading on a stock or the entire market. The other thing that nobody has been able to explain to me is why the hedge funds don't just sell their holdings to a separate corporation and just let that corporation go bankrupt? That's the whole reason limited liability corporations exist, --right? -- to limit losses. Not an expert in this area, so people in the know can educate me.
The other thing that nobody has been able to explain to me is why the hedge funds don't just sell their holdings to a separate corporation and just let that corporation go bankrupt? That's the whole reason limited liability corporations exist, --right? -- to limit losses.
No, that would not work.
You don't get physical shares when you short. It's just an accounting entry at a brokerage firm.
You owe the shares. Borrow 100 shares and you have to pay back with 100 shares.
You can't just "move" the account to a corporation. The broker would still hold you responsible if there is a margin call that exceeds the value of the account.
If your idea would work, just buy a house, get a mortage, "move" the mortgage to a corporation, bankrupt the corporation, and ... abracadabra!
I do believe that the Reddit promoters are frauds.
However, let's say they are right. I will tell you what will happen (or may have already happened) ...
Goldman Sachs, or some other big player, will have a meeting with the big shorts.
They will offer to buy back all their shares, in exchange for a handsome fee.
GS will then buy and sell in the market to exit their position, over time. They will create money out of thin air, just like the Federal Reserve does, and they will call on the Fed to "borrow money" from, if necessary.
The entire position will be unwound, and that will be that.
GME will go to bankruptcy court, most likely. Or maybe the company will survive, but there will be no killing, other than by GS.
I suspect that was already done long ago, but will be interesting to see if there any fireworks (doubt it, but let's see).
GameStop Corp
Annual Meeting of Stockholders
June 2, 2022 at 10:00am CDT
Access to the virtual meeting will be available beginning at 9:30am (Central)
LINK:
www.cesonlineservices.com/gme22_vm
They are preparing for the NFT dividend. Get in now before it's too late. It's a fire sale right now.
The next shareholder meeting (June 9th) the vote on the stock split will go through.
theoretically, one stock is worth infinite amount of money. I highly recommend everyone to have at least one.
For people who don't know, it has potential to be infinite because you get to sell it for what you want when shorts have to buy it back. The theory is there at 10 synthetic shares for every real share. Shorts HAVE to cover. And even if there isn't that many synthetics, if there is at least 1 real for every fake, it's still infinite potential.
and DRS
The meeting is June 2nd, shorts have to CLOSE, and reported short interest was > 140% last January before the sneeze. Hedge funds didn’t close, they just shifted shit around and doubled down. They couldn’t have closed then if they wanted to.
The game has been rigged forever. They, like Hilary, never thought they could lose.
Interesting thing, Executive Order 14032 (previously 13959) is set to go into effect on June 3rd assuming that Biden doesn't delay it again. https://www.reddit.com/r/Superstonk/comments/ujmr6i/why_executive_order_could_cause_gme_to_moass/
You mean like ... THREE Januarys ago?
Current short ratio is 21%.
No big deal.
Yeah, like Jan ‘21. Current reporting of SI has changed. 140% used to be the highest it could be reported, so it was in all likelihood much higher then as well. They have used swaps and other methods to hide SI now.
Bottom line is they are still fucked, but more so now than before, even if SI wouldn’t seem to indicate that as the case.
Sez who?
Sez stock manipulators on the internet, but no proof.
Not likely. Goldman Sachs and others make them money off of this shit, and they know how to make sure their customers don't get blown up.
You guys are believing a fairy tale story. If you wanna gamble a bit, no big deal. But for those who have serious money (to them) on the table, they should clear their mind on this story.
Cuz it's a bullshit story.
They do NOT have to close. That’s an absolute fucking lie.
When marge calls they most certainly fucking do. Well, the computers will close for them, so you are partially right. 😂
For a good long while now, GME shorts have been banking margin equity.
Your computer comment is a good reflection of the nonsense you are spouting.
LOL.
Glad we have experts around here ...
I have one I bought at 250. So now I’ll have two?
they might split to 5 or 7 or 11
...or 17 😎
That mathematically can't happen unfortunately. The absolute highest they can split is 13 to 1 if the shareholder vote is successful to change from 300m to 1bill issuable shares.
omg
That would be the biggest troll.
Go all-in and make it 45:1.
screeeeeee!!!!!
RC tweeted "the apple doesn't fall far from the tree", apple last had a 7:1 split. 741 has come up a lot.
If it splits 10:1, you will go from having 1 share at $250, for a total value of $250, to ...
Having 10 shares at $25 each, for a total value of $250.
That's how stock splits work.
^ btw
If they did a reverse stock split, your 1 share at $250 would become 1/10th of a share at $2,500 each, for a total value of $250.
Stock splits do not make you rich. Anyone who says otherwise is shoveling bullshit on your truck.
For shorts, it's the same. If they were short X number of shares with a total short value of $Z, they would still be short the same amount of money after the dust settles. Their brokerage account would not change, in terms of dollar amount short. So, it is irrelevant.
However ...
Anytime a company does a split (and especially a reverse split) when there is no apparently valid reason to do it (like a $1,000 per share stock price and they want more people to THINK it would be more "affordable" at a lower price), then something is rotten.
It means the CEO/execs/directors are manipulating the stock, and that can never be for a good reason.
Thanks for posting this, it’s perfectly said.
I get annoyed at the misinformation and tend to go off.
The REALITY is that it changes nothing. The math remains the same. Literally no one is forced to buy back anything.
Not necessarily true. A stock split does make what once was a too expensive stock into something more affordable to appeal to possible investors.
A reversal stock split I agree with. That’s shady.
I own 53 shares. So you’re saying this small piece could have me set for life? I’m really trying to understand.
I own quite alot of GME myself. The MOASS or infinite losses being described is a possibility no doubt and a reason why so many jumped in. Keep in mind if.....infinite losses occur, this sounds like, YES we are all wealthy monetarily, however a complete and total market and currency crash is also a very likely outcome. Take that for what its worth, noone knows its never happened. But having millions of worthless dollars is something to keep in mind. Which should mean the smart ones immediately re divest into other options of value, not a Fiat currency.
My speculation is the GME wallets will be the "buckets" to capture the new currency of the next 50 years. They will be used for company dividends, GME tokens, stable coins, DAO governance models for voting on ideas/projects, NFT'S and a way to crush the shorts with their synthetic "shares".
You will have a unique footprint on the blockchain that cannot be counterfeited. It's your GME fingerprint. It's an attempt to have a pure financial corporate model (or at least a step up from the whorehouse that is Wall Street today).
Hold.
I havent dove too deep in the NFT and blockchain plans gamestop has going. I tend to revert back to extreme hesitation if we are actually faced with a currency dissolution and another replacement relies on electricity for access. Ill be converting Fiat to tangibles and tradeables. All very reasonable speculations there though and I think it would be prudent to see how those play out if this all rolls out as the "apes" are speculating.
Do you know there are more than 10,000 cryptocurrencies that have been created over the past few years, and MOST of them have gone bust?
One dropped 98% in value in ONE DAY, just a week or so ago.
For this reason it's gonna be a hectic few weeks when it does take off. I'm definitely gonna sell a portion on the way up/down (not looking for a top) to put it into gold/silver/cyprto/land immediately while the frenzy is going on
We’ll be wiping our asses with hundo’s friend...!
My hundies will be gold and silver bullion and a chunk of acreage i can wipe my ass on every leaf with
20 here, selling 1 at phone numbers and infinity pool the rest.
Yes. Short selling has the potential for INFINITE losses. Throw in the fact that a Market Maker (Citadel) abused their special "providing liquidity" abilities to create 100s of millions of fake GME shares out of thin air... we are now talking about the potential for infinite losses to be extremely high, especially if there are plenty of "apes" that refuse to sell all of their shares when the price runs up. The only thing I see stopping this big mess when it takes off is if the government steps in and shuts it down for the "safety of the economy".
Although I have bought a handful of shares, I am not totally optimistic that it will work out as some are saying. The powers that be can totally halt trading on a stock or the entire market. The other thing that nobody has been able to explain to me is why the hedge funds don't just sell their holdings to a separate corporation and just let that corporation go bankrupt? That's the whole reason limited liability corporations exist, --right? -- to limit losses. Not an expert in this area, so people in the know can educate me.
No, that would not work.
You don't get physical shares when you short. It's just an accounting entry at a brokerage firm.
You owe the shares. Borrow 100 shares and you have to pay back with 100 shares.
You can't just "move" the account to a corporation. The broker would still hold you responsible if there is a margin call that exceeds the value of the account.
If your idea would work, just buy a house, get a mortage, "move" the mortgage to a corporation, bankrupt the corporation, and ... abracadabra!
But it won't work. :-(
I do not believe that the shorts have a problem.
I do believe that the Reddit promoters are frauds.
However, let's say they are right. I will tell you what will happen (or may have already happened) ...
Goldman Sachs, or some other big player, will have a meeting with the big shorts.
They will offer to buy back all their shares, in exchange for a handsome fee.
GS will then buy and sell in the market to exit their position, over time. They will create money out of thin air, just like the Federal Reserve does, and they will call on the Fed to "borrow money" from, if necessary.
The entire position will be unwound, and that will be that.
GME will go to bankruptcy court, most likely. Or maybe the company will survive, but there will be no killing, other than by GS.
I suspect that was already done long ago, but will be interesting to see if there any fireworks (doubt it, but let's see).
This makes zero sense. GameStop is sitting on like a billion of unused capital. How the hell are they going bankrupt here?
How can a company with no debt and 1 billion in liquid cash go bankrupt?
No, some people who either don't know what they are talking about, or do and are intentionally trying to deceive you, are blowing smoke up your ass.
If there is a stock split, the total dollar amount you own will be the SAME afterwards.
I had thought the meeting got moved to June 2nd, right after trading is closed for the day.
GameStop Corp Annual Meeting of Stockholders June 2, 2022 at 10:00am CDT Access to the virtual meeting will be available beginning at 9:30am (Central) LINK: www.cesonlineservices.com/gme22_vm