As of April 30th, 12.7 million shares have been direct registered (Source: GameStop), or “locked”.
All 76 million shares being registered would show that market participants have been egregiously participating in an unholy trinity of naked short selling, share lending, and failing-to-deliver those shares to artificially inflate the supply of shares in existence.
Once all 76 million shares are registered to peoples names at Computershare, there is no longer any plausible deniability of the exploitation of the rules by market makers and hedge funds. This forces them to “close” their positions, or buy back each and every entitlement they sold expecting a profit, and evidence points to them having sold far more shares than could ever even exist in the first place.
My question (after having it explained like I am 5) is this:
does this mean GME needs approximately another 64 million people to DR to tank the crooks?
And…that is why all the investors in this MOASS must DR…. so that the fraudulent system can topple by the little guys.
That’s why I question spending more money on DR and that includes the inconvenience of having a “certificate” share.
And kudos on the math 76millionx4=304million
So now there are only 48million DR..the split essentially bought the crooks more time.
I do find the shut down January 2021 interesting.
Note: that Ryan Cohen bought 9,000,000 shares in the fall of 2021. Retail investors, became fully aware of what Ryan Cohen’s expertise brings to the table, went into a worldwide buying frenzy.
This sent GME's stock price soaring. As this was happening, a small amount of short sellers started to buy-to-close their short positions. This extra buying demand exerted even further upward momentum on the stock price.
The buy button was shut off in January of 2021 due to a kind of short selling known as naked short selling (short selling without first finding a stock to borrow)
Wall Street had to step in and prompt Robinhood (and other brokers) to turn off the buy button. This immediately resulted in its intended purpose of driving GME's (as well as many other heavily short-sold companies then and still maliciously referred to by MSM as “meme stocks”) stock price from $482.85 on January 28th all the way down to $193.60 on January 31st!
There were congressional hearings in the months afterward.
A lot of feckery going on with this stock, and it is worth following.
Ok I read this link from u/wQkeAF (thanks..it ELIA5)
https://www.drsgme.org/register-from-ira
Anyhooo…
Here’s my take…direct copy/pasta
My question (after having it explained like I am 5) is this:
And…that is why all the investors in this MOASS must DR…. so that the fraudulent system can topple by the little guys.
Input appreciate.
That is one of the best quick summaries ive seen on GME, thanks for that.
Did you guys ever take a minute to do the math?
After the split, there are 300 million shares. Of that, 250 million are available to trade (the "float").
With the price at $35, that means the amount of stock available to trade, in dollars, is $35 x 250 million = $8.8 billion.
Do you guys, collectively, have $9 billion to play this game to the end?
I see that as a problem.
That’s why I question spending more money on DR and that includes the inconvenience of having a “certificate” share.
And kudos on the math 76millionx4=304million So now there are only 48million DR..the split essentially bought the crooks more time.
I do find the shut down January 2021 interesting.
Note: that Ryan Cohen bought 9,000,000 shares in the fall of 2021. Retail investors, became fully aware of what Ryan Cohen’s expertise brings to the table, went into a worldwide buying frenzy.
This sent GME's stock price soaring. As this was happening, a small amount of short sellers started to buy-to-close their short positions. This extra buying demand exerted even further upward momentum on the stock price.
The buy button was shut off in January of 2021 due to a kind of short selling known as naked short selling (short selling without first finding a stock to borrow)
Wall Street had to step in and prompt Robinhood (and other brokers) to turn off the buy button. This immediately resulted in its intended purpose of driving GME's (as well as many other heavily short-sold companies then and still maliciously referred to by MSM as “meme stocks”) stock price from $482.85 on January 28th all the way down to $193.60 on January 31st!
There were congressional hearings in the months afterward.
A lot of feckery going on with this stock, and it is worth following.
Hedgies never covered or closed.