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 got mine.
You are missing the point.... did you get a split or dividend? It will look the same at this point unless you ask your broker / rep. If you're DRS'd on Computershare you got the split. If you were on a broker they created unauthorized shares. Most of Europe has gotten NOTHING and many US brokers have gotten synthetics that didn't come from GameStop.
I transferred a chunk of new shares from the split from Fidelity to ComputerShare last week and they went through.
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. 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.