Re:Wall Street was the real winner of the GameStop saga
by lern_too_spel on Monday February 07, 2022 @01:38PM
(#30249059)
It looks like they are serious. They really believe their "DD" about "authentic shares" and "NFT dividends."
Re:Wall Street was the real winner of the GameStop saga
by conorcleary on Monday February 07, 2022 @02:03PM
(#30249411)
Well yeah, find something that disproves it.
Re:Wall Street was the real winner of the GameStop saga
by lern_too_spel on Tuesday February 08, 2022 @01:13PM
(#30262121)
That "DD" has been debunked numerous times, and I won't waste my time rehashing it. Suffice it to say that Carl Icahn is no stranger to burning short sellers by putting money in, loudly announcing it, and helping his investment through the legal system; and his absence from GME shows just how believable he thinks that DD is.
< We are, to an extent.
> Direct registering shares
< If the outstanding float of a stock is il-liquid and unable to be lent out, that'll force a short squeeze if the rest of the conditions are met. Lots of due diligence is readily available over there to show that those conditions are only getting more dire for the funds that never actually hedged their bets with authentic shares.
> Issues an NFT dividend
< This forces the hedge funds to also buy those NFT's to pair with the shares, which they'll be forced to buy too = short squeeze.