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GameStop (GME) announces stock "Dividend" split of 4:1 to put wicked shorters in a bind
Posted on 7/6/22 at 7:17 pm
Posted on 7/6/22 at 7:17 pm
https://www.reddit.com/r/Superstonk/comments/vt4bi6/pulte_all_aboard_the_rocket_ship/
This might force a squeeze on hedge funds who have been naked shorting (synthetic or counterfeit shares) of GameStop.
This is different than a normal stock split that divides a share. This one pays shares as dividends to current holders. Those who have printed synthetic shares will either have to print more synthetic shares... which they might if the corrupted SEC and DTCC allow... or they have to acquire shares to give to those who own the synthetics. It is a dilemma.
This topic concerns the politics of the economy, if anyone wants to bitch about it not belonging in politics. Without corrupt politicians and bureaucrats, the naked shorting, dark pools and off-exchange trading would never exist.
Bring down the corrupt and save America!
6
Posted on 7/6/22 at 7:21 pm to GhostOfFreedom
I don't understand synthetic share
Posted on 7/6/22 at 7:22 pm to GhostOfFreedom
quote:
GameStop (GME) announces stock "Dividend" split of 4:1 to put wicked shorters in a bind
so they cover the shorts then buy back in after the split and drive the price down 75-80% to where its currently at right now and they quadruple profits. all while legitimate shareholder get slaughtered because they wont see the writting on thw wall and sell at a loss now so they dont have even larger loses later
the stock manipulators never lose because the rules state they must preannounce all this BS so the smart money gets TF out of the way and only loses a few dollars while joe blow loses a quarter to a half of his IRA value
Posted on 7/6/22 at 7:29 pm to keakar
quote:
joe blow loses a quarter to a half of his IRA value
I have no sympathy for someone dumb enough to invest in a crappy going out of business retailer.
Posted on 7/6/22 at 7:36 pm to j1897
Lol lost 10% on regular investment
Posted on 7/6/22 at 7:38 pm to GhostOfFreedom
quote:
This is different than a normal stock split that divides a share. This one pays shares as dividends to current holders. Those who have printed synthetic shares will either have to print more synthetic shares... which they might if the corrupted SEC and DTCC allow... or they have to acquire shares to give to those who own the synthetics. It is a dilemma.
Clearly this belongs on the soccer board
Posted on 7/6/22 at 7:40 pm to thelawnwranglers
They can short shares even though they don’t have any to short, it doesn’t make sense and is common folk can’t do it.
Posted on 7/6/22 at 7:46 pm to Padme
quote:
They can short shares even though they don’t have any to short, it doesn’t make sense and is common folk can’t do it.
I thought they "borrowed" shares
Posted on 7/6/22 at 7:54 pm to j1897
quote:
I have no sympathy for someone dumb enough to invest in a crappy going out of business retailer.
my point is there is nothing they can do to stop the market manipulators from rigging the markets because of the disclosure rules in place prevents them from stopping it without preannouncing their plans
Posted on 7/6/22 at 7:57 pm to GhostOfFreedom
So GameStop is going to bring down the establishment?
Please explain this to me like I drive a $1000 1999 Caprice with $5000 32 inch rims.
Please explain this to me like I drive a $1000 1999 Caprice with $5000 32 inch rims.
Posted on 7/6/22 at 8:11 pm to GhostOfFreedom
Do I appreciate RC for doing something to put counterfeiting turds in a bind? Absolutely
Do I believe those turds won’t do something else illegal to somehow turn this against investors? Nope
Do I believe those turds won’t do something else illegal to somehow turn this against investors? Nope
Posted on 7/6/22 at 8:12 pm to keakar
Well, we can DRS. Direct Register Shares, pulling them out of the DTCC. Currently, as of last quarterly statement, about 12 million shares of the free float had been locked up under share holders names in the transfer agent, ComputerShare direct stock registration.
This removes them from "borrowing" scam that the DTCC participates in. It all we can do to try to assure a true, free and open stock market unless, someone moves shares to a blockchain stock trading system... hmmmm, NFTs would be perfect for that.
This removes them from "borrowing" scam that the DTCC participates in. It all we can do to try to assure a true, free and open stock market unless, someone moves shares to a blockchain stock trading system... hmmmm, NFTs would be perfect for that.
Posted on 7/6/22 at 8:13 pm to TigerAxeOK
BUY, DRS, HODL
and hope for the best. Same as trying to true the vote, I suppose.
and hope for the best. Same as trying to true the vote, I suppose.
Posted on 7/6/22 at 8:19 pm to GhostOfFreedom
]
This post was edited on 2/2/24 at 8:22 am
Posted on 7/6/22 at 8:31 pm to Dirtyboro
quote:
Do I appreciate RC for doing something to put counterfeiting turds in a bind? Absolutely
Do I believe those turds won’t do something else illegal to somehow turn this against investors? Nope
Yeah, I understand that 100%.
This is a gamble, but After Hours with 26,000 volume, raised the price from 117 to 129. Imagine if some wealthy person dropped a billion on this stock. There is a very limited float compared to appl, google, amazon, etc and an EXTREMLY motivated gamer minded investor base who don't want to give up or quit. This could be historic or it could be poof. Time will tell, but it could be soon.
Posted on 7/6/22 at 8:34 pm to lsuconnman
quote:
What’s the gotcha here?
If someone is trading something that doesn’t exist, why would they be concerned about fabricating a few more if necessary?
Well, they are breaking the law. Eventually, you hope someone in enforcement will stop them... but, there is the 2020 election and other election thefts that haven't been stopped. They share a common theme and common crooks and conmen.
Posted on 7/6/22 at 9:35 pm to j1897
quote:
have no sympathy for someone dumb enough to invest in a crappy going out of business retailer.
That “crappy going out of business retailer” made me 15k this year alone. And in the current market that’s pretty good.
Posted on 7/7/22 at 7:12 am to brass2mouth
Last chance to buy tickets to the moon
Posted on 7/7/22 at 11:04 am to TigerAxeOK
quote:
Please explain this to me like I drive a $1000 1999 Caprice with $5000 32 inch rims.
You must have the Lorenzo's with Yokohama tires! Bling bling!
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