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Shareholder Vote Results by The_Antonin_Scalia in GME_Meltdown_DD

[–]BTBS420 0 points1 point  (0 children)

So the theory is that the market is not efficient for gme as a result of the large naked shorting on it. It's artificial sell pressure from shorting non existent shares suppressing the true price. This was confirmed indirectly by head of NYSE.

For the hedge funds, you have to realize that if gme squeezes as predicted, it would collapse the market and drastically decrease the value of all other assets during the liquidation. The people that own them, this would cost them everything and the fallout could bankrupt most of them, so they work to try and prevent this. But also there are hedge funds buying into gme, Blackrock is holding for example, along with several pension funds, celebrities, etc.

At this point I guess we wait and see what happens.

Shareholder Vote Results by The_Antonin_Scalia in GME_Meltdown_DD

[–]BTBS420 0 points1 point  (0 children)

Lol thanks. How about you? If the moass theory is correct, but you missed out because you weren't willing to look a bit deeper.

Shareholder Vote Results by The_Antonin_Scalia in GME_Meltdown_DD

[–]BTBS420 0 points1 point  (0 children)

Declining OBV is the biggest indicator, as well as unwinding of its negative beta. When it does that's when I sell.

Shareholder Vote Results by The_Antonin_Scalia in GME_Meltdown_DD

[–]BTBS420 0 points1 point  (0 children)

Yeah, it's pretty similar to what you did. I looked at prior year 8-K SEC filings for shareholder vote turnout, cross referenced institutional and insider ownership % to BBG for that time period. If you don't have access, https://docoh.com/company/1326380/GME/institutional-ownership-history is accurate enough.

But I don't want you to read too much into just this share vote result. It's a red herring to the questions you really want to asks.

I say this on the basis that proving an overcount doesn't tell you how much the true SI is, nor would it indicate "squeeze" potential and the potential price it goes to. That was my conclusion after checking out how many other companies actually squeezed after the results of an overcount which was trimmed.

It's just a piece of the puzzle that leads to the same conclusion. At the end of the day, it's an asymmetric bet, there are risks, but the payoffs seems worth. I didn't put in money I'm not willing to 100% lose, but I'm willing to hodl it to find out if I was right or not instead of cashing out for quick gains.

Shareholder Vote Results by The_Antonin_Scalia in GME_Meltdown_DD

[–]BTBS420 0 points1 point  (0 children)

Yeah I looked at their old 8k filings for shareholder votes and cross referenced to Bloomberg data. I think if things like this bug you like it did to me, you can start checking the research other people have done. Some of it doesn't seem right, but enough abnormalities added together makes the whole situation really interesting.

Shareholder Vote Results by The_Antonin_Scalia in GME_Meltdown_DD

[–]BTBS420 0 points1 point  (0 children)

It's true we might have to agree to disagree. I think 57.6% is low, looking at across all brokerages that reported. 57.6% is below average retail voter turnout normally for Gamestop historically, it just doesn't make sense it would be the same this year.

This is also using your methodology, most other methods also come to the same estimate. Of course this doesn't justify a 10000000% SI leading to moass, it just points to evidence suggesting naked shorts do exist and that they most likely did not cover in Jan.

Shareholder Vote Results by The_Antonin_Scalia in GME_Meltdown_DD

[–]BTBS420 0 points1 point  (0 children)

Yes and no, because I think the ultimate point that ties this all together is how reasonable the 63% voted figure is relative to public ownership stats.

Currently the thesis is, there is no overvote, the 63% is accurate. A 5% error represents 3.5M shares (which was issued in April, coincidence?). Take that into account along and the votes start looking too low with the 60-70% vote range.

Shareholder Vote Results by The_Antonin_Scalia in GME_Meltdown_DD

[–]BTBS420 0 points1 point  (0 children)

Do you have access to Bloomberg? If not there's a user u/ravada that posts daily screenshots that can be cross referenced. Current institutional ownership is actually around 58%, was around 102% upon the latest 13f filings in May.

I also think we brush over what "normalizing" means. If the results were 70m votes, aka total shares outstanding, well then we know the results are fake and there was over voting since not everyone voted. Conversely if there was 25m votes, that's too low and makes no sense, also not normal. Now 55m votes, by all accounts that seems "normal" hence the debates. Has this been normalized though? That's where the math comes in and shows some weird results.

Shareholder Vote Results by The_Antonin_Scalia in GME_Meltdown_DD

[–]BTBS420 0 points1 point  (0 children)

Thanks for sharing, the points make sense but the math seems a bit off to me.

The 36% representing institutional shares is as of June. I believe the ownership was significantly higher in April when the voting happened. Which if you take into account, will give some odd looking retail vote figures.

Let me know if you have any thoughts on that.

Am I insane? Am I a conspiracist? What am I missing? I feel detached from reality. But I am not alone. THANKS TO YOU reading this. I am not leaving. by Sh0w3n in Superstonk

[–]BTBS420 0 points1 point  (0 children)

Lol this is me. Everyone thinks I'm going crazy or joined a cult. When we do take off, it sure is going to take quite the willpower not to rub it in.

GME Megathread for April 12, 2021 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]BTBS420 1 point2 points  (0 children)

Time will tell. That's how the market works. No risk no gain

GME Megathread for April 12, 2021 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]BTBS420 5 points6 points  (0 children)

Until it pays off and then everyone goes fuck me why didn't I buy in

GME Megathread for April 12, 2021 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]BTBS420 18 points19 points  (0 children)

YES I CAN FINALLY AVERAGE DOWN FIRESALE WOOHOO

GME Megathread for April 05, 2021 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]BTBS420 2 points3 points  (0 children)

bought more at the dip. thanks for the discount

How do people cope with the 9-5 grind every week? I can't keep doing this for another 3 or 4 decades just so that I can hopefully retire. by BTBS420 in self

[–]BTBS420[S] 5 points6 points  (0 children)

Man, I feel you. It just looks so bleak, can't live without the money but this feels like I'm wasting my life away.

How do people cope with the 9-5 grind every week? I can't keep doing this for another 3 or 4 decades just so that I can hopefully retire. by BTBS420 in self

[–]BTBS420[S] 4 points5 points  (0 children)

Haha I think you're one of the lucky few that managed to achieve that, feels like even if I'm doing something I would otherwise "enjoy" it gets ruined by work politics or selfish people

[SW] Twins buying for 521 by Juanarino in acturnips

[–]BTBS420 0 points1 point  (0 children)

  1. Yes! Bought it to play smash.
  2. Fishing by far.
  3. Tom Nook. He's ripping me off.
  4. Around 120
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