What we know: Archegos went under in 2021 because of their GME short position. That basket of swaps was passed on to Credit Suisse, who then collapsed in 2023, and has since been absorbed by Swiss banking behemoth UBS. So now UBS is in the hot seat. They're a "too big to fail" and the Swiss gov is sweating bullets.
We also know: Someone with deep pockets has been spending tens of millions of dollars the past few days, buying GME $20 call options with a June 21 expiration. There are 485k call option contracts (48.5 million shares) with expiration dates ranging from May 31 to July 19.
What we also know: GME executed an ATM 45 million share offering Friday. We don't know if those shares were sold on the open market, or sold in a private deal, to an undisclosed buyer.
Here's the speculative part, so grain of salt, etc: Supposedly, a UBS trader claims that UBS is the buyer for "more than 2/3" of those 485k contracts, and they're going to exercise them, to buy their way out of the Archegos>Credit Suisse>UBS black hole. He states that buying that many shares would put UBS above the SEC's insider limit of 10% ownership, so that's why GME issued the 45m share offering today, in a friendly deal, to increase the float just enough so that UBS can skirt under the 10% rule.
If this speculation is true, then what? Hard to say, but consider that UBS is just one of many big money players holding a GME toxic short position, and the MOASS thesis has always been that whoever acts quickly and gets out first (buys enough shares to close their short position) can survive. It will cost them greatly, but they can survive, while most of the rest are then screwed. Imagine Musical Chairs, but UBS wipes out most of the chairs in one fell swoop, in the first go around, and all the other players are left without a seat.
What that scenario could mean for shareholders: The large buys by UBS would raise the share price, which would then put the current (huge) option chain ITM (in the money) which would trigger a cascading series of higher price jumps (like going up stair steps) as each higher strike price then becomes ITM. And all this is very conveniently timed, because CAT (Consolidated Audit Trail) oversight goes into effect on May 31.
There's no way to know yet if this UBS rumor is legit, but from what's been happening the over the past few days it does seem very plausible, and if it's legit then we will know soon.
YOUR IRA SHARES CAN BE DRS'd
there are a few ways to do this. Its all on this excellent website made by GME apes. One of the ways mentioned can cause a tax event, just remember that for tax time.
The DRSGME website has step-by-step instructions for everything DRS related.
https://www.drsgme.org/register-from-ira
Hat tip to u/AllMostThere https://greatawakening.win/p/17t1tST5QW/x/c/4ZBJH0yw7l2
My brain's exploding.
"FYI, the Hang In There poster is in the show as well. It's when Angela is being tested by wh1tr0se
https://i.imgur.com/IYTstgv.png
The shows entire plot overall is about going after the "top 1% of the 1%, the guys who play god without permission"
Here are two clips that I immediately relate to the GME saga
Ep. 1 - The monologue - https://www.youtube.com/watch?v=glmN8Xk44vE
Finale Spoilers - Titled "Robin Hood" - https://www.youtube.com/watch?v=r50hVowPvUE"
Here's a taste of some more from the show. There are lots you can go through. https://www.youtube.com/@MrRobot
Darlene Exposes The Deus Group | Mr. Robot
https://www.youtube.com/watch?v=iptmMEhomLU
Hacking The Bank Accounts Of The Richest People In The World | Mr. Robot https://www.youtube.com/watch?v=FYXrb1D1xvQ
Elliot Plays eXit | Mr. Robot (This is to disarm the meltdown, RoaringKitty referred to this.) https://www.youtube.com/watch?v=g_Miz2ZqSI4
https://x.com/TheRoaringKitty/status/1790449499506192405
Also, Elon just "All core systems are now on http://X.com" at 2am this morning May 17th https://x.com/elonmusk/status/1791351500217754008
Here me out... RoaringKitty knows everyone is expecting a 8pm clip to be dropped, but he just posted a goodbye clip at 4pm....
Now that all core systems are on X for this last day, maybe there will be a drop at 8pm exposing our own Deus Group?
Edit: Phew no 8pm video, I can relax thank goodness lol
Edit2: Props to this anon https://greatawakening.win/p/11S0gREFWw/is-the-mr-robot-tv-show-a-nod-to/c/
Silver is at it's highest since 2008
Gold is hitting an all time high
LFG PMs!
The short squeeze hasnt happened.
