/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo

  • 🔧 At about Midnight EST I am going to completely fuck up the site trying to fix something.
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Jarolleon said:
So does Gamestop itself end up making the money, or does this effectively delete currency?
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Whenever it is that Melvin & co have to cough up their cash for those shares, whoever is holding it gets the money. Gamestop owns a certain amount of its own shares, so it will get the payout, I think. The fact that they borrowed more shares than exist makes it a little weird.

If Melvins essentially says "sorry, we don't have the cash," then the shareholders effectively are owed by the debt, which probably gets reduced as Melvins try to do bankrupcy proceedings or some shit. That's part of why even in success, a lot of these shares are pretty risky; GameStop would be stupid to try to do anything with the brief blip of potential cash, because they know after this debacle their shareprice is going to nosedive back down to where it belongs.
 
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Yotsubaaa said:
If the retail investors have started queuing up their sells already, we won't know until 9am Monday morning.

Or 8:58am apparently, if they're on Robinhood. This is a worrying development:
View attachment 1881133
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<notfinancialadvise>
Of course there is going to be a huge selloff;
If you're invested now you've got to figure out if you're going to hold or not.

Plus, some people will sell and buyback in.
I feel comfortable saying it's deff not going to drop below 30
</notfinancialadvise>
Yeah, but money on paper vs paper money. We're going to see which way the investors go.
 
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What may happen is that the hedgies will not be able to pay the stocks so they, and their investment banks which keep them afloat, will have to liquidate their holdings. The thing is the economy hasn't been functioning for almost a year so if they liquidate they still have nothing and still can't pay for the stocks. If this happens then there might be an economic crash where, because every company has essentially not been making a profit for a year, the people at the top know that the game is over and sell off their over inflated assets (inflated by the federal reserve) and that starts a mass panic selloff. And if it happens the fed will really start causing hyperinflation trying to bail out everyone.

I don't really believe that will happen because very smart (and slimy) people work in those hedge funds and in the gov so they probably have worked out a scheme to prevent this. And if worse comes to worst then I have no doubt the hedgies simply will not buy back the stocks and it will be made legal by the government.
 
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Stoneheart said:
Where will they find a jury thats not outraged about this?
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You guys are still under the impression that the government plays fair and justice is mana that just falls from the heavens.

Every middleman in government all the way to the top are compromised.

They'll go after these guys with SEC fines until they're broken, and criminal crimes will be invented not found. Good 'ole peter strzok wife's will be the one that signs the orders, btw.
Media will dox and then smear them as nazis to the point where antifa will threaten jurors if they don't convict.
They'll lose their jobs and have their families harrassed.
They'll be de-platformed from the internet, so they wont' be able to mount any defense against personal attacks.
Glow-in-the-darks will cause 'mysterious car accidents'.

And if you think none of that is possible, think about what they allowed antifa to do vs capital hill protestors.
 
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Lord of the Large Pants said:
What's going on here? Are they trying to force the queued sales two minutes before the bill comes due?
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Who knows? All bets are off, but I will mention that (as has been documented extensively in this thread), Robinhood has started force-selling its users' GME stock without their consent in some cases. Those 2 minutes between 8:58am and 9:00am, where the market isn't technically open and the redditors/retail investors can't do anything, is probably enough time for many things to happen. Maybe.
 
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Meat Target said:
As the markets close, the salt mines open.

View attachment 1881167
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They didn't intentionally bankrupt the fund. They were just signalling the market that the fund made a bad business decision.

In fact the market needs people to bankrupt funds. Like a forest fire that encourages new growth afterwards.

Point im getting at, it's not so fun when your on the shit end of the kick.
 
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world of shit said:
You guys are still under the impression that the government plays fair and justice is mana that just falls from the heavens.

Every middleman in government all the way to the top are compromised.

They'll go after these guys with SEC fines until they're broken, and criminal crimes will be invented not found. Good 'ole peter strzok wife's will be the one that signs the orders, btw.
Media will dox and then smear them as nazis to the point where antifa will threaten jurors if they don't convict.
They'll lose their jobs and have their families harrassed.
They'll be de-platformed from the internet, so they wont' be able to mount any defense against personal attacks.
Glow-in-the-darks will cause 'mysterious car accidents'.

And if you think none of that is possible, think about what they allowed antifa to do vs capital hill protestors.
Click to expand...
There is always the good old "we have some questions for you nah you don't need a lawyer this is no big deal" then spin people around and tie them in knots in an interrogation room for 11 hours "we've been here for six hours? It's okay man just a few more questions I mean sure you can leave if you want but I wouldn't if I were you DOT DOT DOT" until they don't know which end is up then nail them for "making false statements to federal investigators."
 
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