DTC instructed brokers this GameStop was a split NOT a dividend! (BIG difference! One splits shares the other receives NEW shares) They didn't have enough shares to distribute! This is HUGE! MASSIVE FRAUD by the regulating agency! MILLIONS of shares are owed to investors on brokers in the US and overseas. This is like your government job paying you in counterfeit bills.
This is the end of the DTC and current stock market system. Blockchain stock system coming soon! Financial revolution! MSM Silent.
The financial arm of the plan is becoming clear!
I transferred a chunk of new shares from the split from Fidelity to ComputerShare last week and they went through.
Yeah I would recco everyone do this ASAP. It forces them to send shares over and leaves the hot potato in someone elses hands.
I doubt any of the biggies like fidelity or E-Trade etc would be shorting GameStop with the shares that they're brokering for you. It's the hedge funds that are going to have the vast majority of the fake shares.
No offense, but, ya gotta start paying more attention. Every last one is the enemy 🌎 👩🚀 🔫👩🚀
Fidelity is. There is proof. https://www.reddit.com/r/Superstonk/comments/wdlhvp/fidelity_confirms_that_they_are_handling_the_gme/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
lol see source links. DTC instructed them to split and did NOT give them additional shares.
The hedge funds that are classified as market makers are the primary sources of the fraud, though I bet DTCC is involved also.
Fidelity/E-Trade/et al. are involved in the fraud in two ways:
They are participants in a RICO scheme to steal our shares by lending them out for massive profit to the market makers, knowing that when MOASS hits they won't get those shares back.
They are participants in a RICO scheme to suppress GME's price by sending all buy orders to the dark pools (Shitadel and Vertu) and all sell orders to the lit exchange. A second part of this scheme is brokers colluding to keep trade activity off IEX.
The worst possible outcome for Fidelity/E-Trade/Vanguard/Schwab apes is the IOU scene from Dumb and Dumber. I hope those apes are made whole but there's just no telling how it will go down.
Hedge funds and market makers are TWO DIFFERENT THINGS.
No, the prime brokers, who ARE market makers, are the source of the fraud.
You might have a point regrading the retail brokers. I have no doubt they understand that naked shorting happens, in general, but they are not the ones doing it. It is the prime brokers, with Goldman Sachs being the prime suspect.
No. You guys do not understand how the system works.
IF there is a massive naked short position out there (I do not believe there is, but let's just say if ...), then there are NO "synthetic long shares" out there in brokerage accounts to offset the naked shorts.
Such "fake long shares" would not exist in your brokerage account OR in the hedge funds' brokerage accounts. The brokers wouldn't know anything about the naked shorts.
The naked shorts are CREATED (from nothing, just like the Federal Reserve does) by the PRIME BROKERS (Goldman Sachs, JPM, etc.) and held ON THEIR OWN BOOKS.
It would be the same exact scam as what the Federal Reserve does, but by the prime brokers. Nobody else would even know.
The prime brokers are the ones who make money from lending shares (real or imaginary), and they would be the ones on the hook, and forced to unwind.
They would be easily able to do it, IMO, and Goldman Sachs, being also a bank, could just borrow from the Federal Reserve.
The Superstonk board is full of shit.
Notice, there is no SAUCE by the OP. Just a claim made, with nothing to back it up.
The 'synthetic longs' are from the 'infinite liquidity' that they brag about. It's essentially a share printer and they have definitely oversold the stock.
When SHTF there will be a large amount of oversold longs, naked shorts, swaps, and tons of other illegal activities.
Just like every other deep state scam (election fraud, vaccines, war mongering, etc). They cheat and over leverage themselves in a bunch of different ways.
Time will tell how it plays out but I expect it to be exciting and profitable for retail and the world to be a better place for everyone else.
r/Superstonk is full of SAUCE. I appreciate a controversial opinion but u/MAG768720 is just shilling FUD on every GME post.
That is an oxymoron. You can't have an "oversold" long. That would be a sell.
Not shilling. Putting up real facts that almost nobody here will make an effort to refute (I think one person actually responded to the substance of my posts on GME, and everyone else resorts to ... RACIST!!! ... or the stupid equivalent ad hominem).
I was right in January 2021, here on GME.
I have been right so far in 2022.
I was right about the split doing nothing to help the longs.
You guys might turn out right in the long run ... but I doubt it.
Superstonk is just a stock tout site, with a lot of what-if's and maybe-super-secret-bad-stuff-happening with no REAL substance. Most of you just believe the hype and bullshit and ASSUME that the bullshit means something.
A legit counter opinion is not a "shill," it is a counter opinion.
So ... umm ... excuse me, but ... fuck you.