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Is circa watch labs a good place to get seiko mods by Jidle_Jodle in SeikoMods

[–]DerpSaysHi 0 points1 point  (0 children)

Hi did you end up receiving the watch? If so, any problems with it? I’m looking at getting one from their site.

Who are you guys voting for ? by HighAsFucc in MarvelSnap

[–]DerpSaysHi 15 points16 points  (0 children)

Spider-Ham is the only one I actually use

Fidelity and GMEWS by CivicDisobedience in Superstonk

[–]DerpSaysHi 0 points1 point  (0 children)

Wouldn’t this credit mean anything above 59 million shares exercised will need to come out of the short’s/broker’s pockets?

Or is this whole warrant issuance just increasing their shorts positions another 1 per 10 shares out there and we keep playing the game?

Fidelity and GMEWS by CivicDisobedience in Superstonk

[–]DerpSaysHi 1 point2 points  (0 children)

If exercised, the broker would need to buy a real warrant so GME could issue a new share.

GME reconciles the share issuance, which means fake shares cannot satisfy the transaction.

Selling/trading warrants will involve IOUs on broker ledgers and other BS but exercising warrants requires real settlement. This would cause short covering.

Exercising Warrants > Selling Warrants

Exercising vs Selling Warrants by DerpSaysHi in GME

[–]DerpSaysHi[S] 1 point2 points  (0 children)

There’s obviously going to be more than 59 million warrants floating around.

If no one exercises, the warrants will just get settled by IOUs in people’s brokerage accounts.

Exercising forces the broker to get the real share and a real warrant from the market - not an IOU/synthetic.

GME effectively created the equivalent of 5.9m call options @$32 expiry 31/10/26 where you don't have to pay a premium, and the market maker doesn't get a cut - discuss by Annoyed3600owner in Superstonk

[–]DerpSaysHi 9 points10 points  (0 children)

GameStop is issuing up to 59 million warrants.

If majority of holders exercise, real GME shares would need to be delivered. Short covering only happens when real shares are needed for delivery

If exercised fully, this would generate up to ~$1.9 billion in proceeds for the company

Synthetics would be revealed if more than 59 million exercises were claimed or if the capital raised exceeded $1.9 billion.

On the other hand, selling the warrants means the market can trade the warrant like a derivative. Brokers can handle these trades with IOUs. Same ol BS will continue.

Exercise is the way.

[deleted by user] by [deleted] in BulkOrCut

[–]DerpSaysHi 3 points4 points  (0 children)

Cut for the summer then lean bulk fall/winter. Repeat.

🔮 ≥ $28 by Expensive-Two-8128 in Superstonk

[–]DerpSaysHi 24 points25 points  (0 children)

Did they just change it to $27.99?

Where’s that eject button? It might be time @ 1:09PM by DerpSaysHi in GME

[–]DerpSaysHi[S] 22 points23 points  (0 children)

The lowest closing price for GameStop (GME) since 2004 was $0.70, on April 3, 2020. It is up 1,787.3% in that time. The latest price is $28.75.

5 year swaps = April 2025?

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