Re:Ask HN: How would you invest $20k?
by matt_s on Tuesday June 08, 2021 @07:12AM
(#27433547)
Ah down voters that probably think "meme stock, stupid suggestion".
GME will release its 8k SEC filing within a week and it will likely contain vote counts. Votes equate to shares and there is a high probability the vote counts will be higher than the number of shares ever issued. The Naked Short Selling loophole has led to this, for reference: https://en.wikipedia.org/wiki/Naked_short_selling and an interview on Fox Business https://www.youtube.com/watch?v=VRVBbNYfAOM describing the problem.
This is a simple supply/demand problem that should correct itself in the market.
GME will release its 8k SEC filing within a week and it will likely contain vote counts. Votes equate to shares and there is a high probability the vote counts will be higher than the number of shares ever issued. The Naked Short Selling loophole has led to this, for reference: https://en.wikipedia.org/wiki/Naked_short_selling and an interview on Fox Business https://www.youtube.com/watch?v=VRVBbNYfAOM describing the problem.
This is a simple supply/demand problem that should correct itself in the market.