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Reason: Ex

Loop Capital, the same place openly sending Jim Chumbawumba to "Sell [Gamestop], ask questions later" and valuing it repeatedly as a "$10 stock."

Check it out : https://www.cnbc.com/2021/09/09/sell-the-stock-first-ask-questions-later-loop-capitals-chukumba-on-gamestop.html

*** For those not following this saga, MSM has, unsurprisingly, been bought and paid for by the hedge funds that these stonk traders (myself included) are about to fuck harder than ever before. They're almost certainly one of the cabal's most valuable assets, farming the working class here and abroad for decades. For 9-10 months now we've been hit with piece after piece of propaganda, all claiming that the hedge funds are paid up and we should just sell since it's over.

Stonk traders have a literal library of due-diligence that's cited and researched to hell and back saying otherwise.

We're also getting close to this thing popping; stonk traders have figured out how to expose these short hedge funds (SHFs) by locking their shares up in their own name (as oppposed to their brokerage, which lists you as a beneficiary of any held shares, allowing them to do fuckall with them--some more reputable than others; I am with Fidelity and like them, YMMV)

In GameStop's case, with the original company's stock-issuing registrar. this company is Computershare, who also issues stocks for companies like MSFT, AMZN etc. They are not small potatoes.) As stonk traders lock up GameStop's shares in this verifiable, hard-capped pool of shares (capped at ~79.6mil shares) the amount of shares SHF's can use to suppress the price decreases, likely manifold since it's well-spoorted that one real share of GME has been shorted multiple times over, creating synthetic shares with the belief that Gamestop and other retail stocks will tank, letting them collect gains ALL the way down, while never closing the position. The icing on the cake: them never closing the position allows them to NEVER PAY TAX ON THE GAINS (billions, easily) because they're "unrealized" by the position still being open (and likely sitting at a fraction of a cent in value)

So yes, this can be equated to counterfeiting money, and it's likely been fucking a LOT of companies and their people over for decades.

3 years ago
1 score
Reason: Original

Loop Capital, the same place openly sending Jim Chumbawumba to "Sell [Gamestop], ask questions later" and valuing it repeatedly as a "$10 stock."

Check it out : https://www.cnbc.com/2021/09/09/sell-the-stock-first-ask-questions-later-loop-capitals-chukumba-on-gamestop.html

3 years ago
1 score