The corrupt hedge funds buy a large amount of shares into a company they have targeted to take down, so that they can obtain seats on the Board of Directors. Those people they appoint then sabotage the company, intentionally driving it toward bankruptcy. Bain Capital and Boston Consulting Group are the two main entities that provide the Trojan Horse people onto the Boards of Directors.
Simultaneously, they "naked short" the company's stock. Also, they have the fake-news push the narrative that the company is hurting, and encourage shareholders to not invest in the company. No doubt you've seen the endless, almost daily, stream of articles bad-mouthing GameStop over the past few years.
One by one Amazon's competitors get driven into bankruptcy, and the hedge funds make $billions in the process from shorting the stock. For a lot of these companies, they get delisted from the stock exchange, and put on the OTC where their share price is reduced to a fraction of a penny (but not zero). The stocks sit there for eternity, with the nickname "Zombie Stocks" and the reason for this is because if they went to zero, and were closed out, then the hedge funds would then need to pay taxes on the billions of dollars they made on the short sale... but since it never goes to zero, it essentially never gets closed out, so they never have to pay taxes on the gains.
Here's another potential plot twist... Some of us are still holding shares of those Zombie Stocks (I have Sears) that are only valued at a fraction of a penny. So what happens if those companies are resurrected? For example by a mega-corp umbrella-company named Teddy, that may or may not be being assembled by the good guys, to compete with Amazon. Do the shares of those Zombie companies then rise back up in value as the company is brought back from the dead? If so, the hedge funds THAT NEVER CLOSED their short positions on those stocks would then be in deep, deep shit, like they currently are with GameStop, but for multiple companies.
Look this one up! I always thought this was odd in my Schwab account, to this day, I still have fractions of Charter Communications from early/mid 2009 that Jim Cramer shilled hard for... “they” took the original stock pretty much to zero and then re-listed as a new company on Nasdaq. All original share holder were left holding the bag and I never received any new shares of the re-listed “new” Charter Communications. One day I had thousands of dollars of shares and what seemed like overnight it went to fractions of a penny to poof gone. But it still shows up in my portfolio as a stock I own/owned.
Btw, GameStop vote send me the paperwork to vote. Did you vote? I am a little confused about it and I do not want to make a huge mistake. Ryan Cohen I heard is good but not sure if he is manipulated by these evil crooks. Please let me know. God bless.
How did Romney / Bain Capital and others "play"?
The corrupt hedge funds buy a large amount of shares into a company they have targeted to take down, so that they can obtain seats on the Board of Directors. Those people they appoint then sabotage the company, intentionally driving it toward bankruptcy. Bain Capital and Boston Consulting Group are the two main entities that provide the Trojan Horse people onto the Boards of Directors.
Simultaneously, they "naked short" the company's stock. Also, they have the fake-news push the narrative that the company is hurting, and encourage shareholders to not invest in the company. No doubt you've seen the endless, almost daily, stream of articles bad-mouthing GameStop over the past few years.
One by one Amazon's competitors get driven into bankruptcy, and the hedge funds make $billions in the process from shorting the stock. For a lot of these companies, they get delisted from the stock exchange, and put on the OTC where their share price is reduced to a fraction of a penny (but not zero). The stocks sit there for eternity, with the nickname "Zombie Stocks" and the reason for this is because if they went to zero, and were closed out, then the hedge funds would then need to pay taxes on the billions of dollars they made on the short sale... but since it never goes to zero, it essentially never gets closed out, so they never have to pay taxes on the gains.
Here's another potential plot twist... Some of us are still holding shares of those Zombie Stocks (I have Sears) that are only valued at a fraction of a penny. So what happens if those companies are resurrected? For example by a mega-corp umbrella-company named Teddy, that may or may not be being assembled by the good guys, to compete with Amazon. Do the shares of those Zombie companies then rise back up in value as the company is brought back from the dead? If so, the hedge funds THAT NEVER CLOSED their short positions on those stocks would then be in deep, deep shit, like they currently are with GameStop, but for multiple companies.
Look this one up! I always thought this was odd in my Schwab account, to this day, I still have fractions of Charter Communications from early/mid 2009 that Jim Cramer shilled hard for... “they” took the original stock pretty much to zero and then re-listed as a new company on Nasdaq. All original share holder were left holding the bag and I never received any new shares of the re-listed “new” Charter Communications. One day I had thousands of dollars of shares and what seemed like overnight it went to fractions of a penny to poof gone. But it still shows up in my portfolio as a stock I own/owned.
Btw, GameStop vote send me the paperwork to vote. Did you vote? I am a little confused about it and I do not want to make a huge mistake. Ryan Cohen I heard is good but not sure if he is manipulated by these evil crooks. Please let me know. God bless.
I voted according to Board of Directors recommendations, which is YES on everything, except for #4 which they recommend a NO vote.
Oh I got it. Thank you.
Amazon, Bain Capital and Citadel Bust Out the Competition
https://www.reddit.com/r/Superstonk/s/gPrxzLrZ9Z