GME approves 4:1 stock split dividend.
(media.greatawakening.win)
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The answer is crime. Crime is how the hedge funds are kicking the can down the road to stay solvent another day. Crime is how they're avoiding margin calls and liquidation. Crime is how they're staying out of prison. Crime is knowing that if the SEC or FINRA slaps you with a fine, it won't be more than 6 figures.
They increased the float by naked shorting, which is supposed to be illegal. They've increased the float by several times in order to avoid a margin call. They route buys through dark pools, and sells on the lit exchanges so we never see the real price.
Crime is why it's taking so long.
It should also be noted that hedge funds short into oblivion because if the company bankrupts and ceases to exist, the shares they shorted never have to be covered. So, they have unlimited power to drive the price down, kill a company and never be held responsible for the synthetics they created... Until Game Stop. They shorted Gamestop, had media preaching against brick and mortar but something happned... Roaring Kitty happened. Q plan or not, here we are... Gamestop arose from the ashes like a phoenix and HEDGIES R FUK!!!
This is the way. Editing to add, what happened to Sears and Toys R Us? They'd have customers for forever. Sears was like the one-stop-shop big box store for everything, and Toys R Us would have had customers for forever, because people are always having kids. But they're gone, and why? Because they got shorted out of business.
Truth!
I lost about $3,000 in a legal stock market scheme I fell for. It was an indexed "fund" called UWTI, which paid 3x the change in the price of crude oil. I bought when oil had dropped to around $50/barrel (I think), with the knowledge that it would eventually go up. What I didn't realize is the simple mathematical fact, that if you take any number, increase it by a certain percent, and then decrease it by the same percent, the net result is a decrease. (start with 100, go up 10%, it's 110, now go down 10%, it's 99. Those fluctuations up and down eventually turn that 100 to zero!). I didn't realize this, and left my money in that "fund", and didn't check it for a few months, and it was whittled down to almost nothing. A friend of mine at work was big into stock trading, and I listened to him talk this thing up, and when you looked at their chart (obviously rigged), it made it seem that if oil got back up above $100/barrel, the value of the fund would be through the roof. What I didn't recognize is that they must have had a few people in on the scheme early on, so that it made it look like people actually paid (maybe they did, but it was part of the scheme) thousands of dollars per "share" when oil WAS over $100/barrel, so a casual view of that trend would leave stupid people, like me :) , to believe you could also see a rise. But, I didn't count on those daily, even hourly, or even at the minute level, fluctuations that ate the value away. After I got what I could back, I continued to watch the fund, and it eventually got to such a low value it was shut down. The original people involved must have made 10s of millions from it. I tried to get SEC to investigate. I provided them with a summary of the scheme, but they never got back to me. What is funny, is this "fund" had a 90-page "prospectus". I didn't read through it all, but perhaps somewhere around page 88 it described how the fund was worthless and anyone who left their money in it for more than a day was an idiot :)
SEC doesn't give a shit about us. They also are probably wrapped up in the GME fiasco. Sorry for your loss!
You're warned up front with leveraged funds that they're for active investors, not buy and hold and forget. I've made money from them but you need to check on them at least a few times a week.