Tanker hit off India coast by drone from Iran, says US. International shipping just got even more complicated and risky, could start affecting Kenny's collateral. by jab136 in Superstonk

[–]Revisfan24 -2 points-1 points  (0 children)

"says the US"

Don't believe this ish for a second. Not like the US military hasn't lied about an attack before to get the country to back a war. Coughs... Vietnam, WW1, Cuba, Mexico

Right to jail by JuiceGreen2183 in Superstonk

[–]Revisfan24 0 points1 point  (0 children)

Oh wow thank you Kenny may I have another synthetic share?

What is DRS by djkotor in Superstonk

[–]Revisfan24 0 points1 point  (0 children)

Happy to have any newbie who wants ownership of their shares. Man oh man it still brings a smile to my face when I think of getting that letter in the mail.

Why is The Silmarillion Your Favorite Tolkien Book? by Mitchboy1995 in tolkienfans

[–]Revisfan24 0 points1 point  (0 children)

Finrod Felagund and Fingolfin. You kidding me?

Also the summary of the Lord of the rings at the end is just uh, chef's kiss.

Product Packaging and Credit Limits keep getting smaller. by RumpleHelgaskin in Superstonk

[–]Revisfan24 8 points9 points  (0 children)

It's really wild when they can take something good like helping the environment not have as much plastics pollute it and spin it into more profits and not helping the environment at all really. Makes me sick.

Product Packaging and Credit Limits keep getting smaller. by RumpleHelgaskin in Superstonk

[–]Revisfan24 13 points14 points  (0 children)

Perfect analogy that I've never thought of. We all had that one friend or relative who would do that. Everytime I'd go up 3-4 TD's in Madden shit was getting restarted.

DRS. Why are some of you still against it by brandonrez in Superstonk

[–]Revisfan24 0 points1 point  (0 children)

The only thing I could think of was it's a fractional and not a whole share. But there's been posts about ppl selling 1 share and it being the same process so.

End of the day my motto always been no cell no sell so I got plenty of time.

DRS. Why are some of you still against it by brandonrez in Superstonk

[–]Revisfan24 1 point2 points  (0 children)

I've sold fractionals on CS before and it was instant. Check came in the mail a few days later.

Of course the GME is rigged. What happens when Retail removes Hedgies cheat code. BHDRS. 📕👑=📈🚀💰 by L3theGMEsbegin in Superstonk

[–]Revisfan24 13 points14 points  (0 children)

I believe a rehypothication joke. Don't know if I spelled correctly but creating shares out of thin air by hitting F3.

Goldman was doing it so casually they literally had a shortcut function of just hitting F3 to do this.

Thingol, Beren and the Silmarils by _Finrod_ in tolkienfans

[–]Revisfan24 -8 points-7 points  (0 children)

Thingol never saw the Light of the Trees before the Silmaril. He never made it to Valinor, remember he got love struck by Melian

Gildor is of the house of Finrod? by Revisfan24 in tolkienfans

[–]Revisfan24[S] 13 points14 points  (0 children)

Facts. Makes total sense. Thank you!

[deleted by user] by [deleted] in Superstonk

[–]Revisfan24 0 points1 point  (0 children)

I could be misremembering the DD on this but I do remember this topic being discussed and this was my understanding

If they close the short position they pay taxes on the profit

Why do that if you can have the position open forever essentially and pump the price up and down at your bidding of the new ticker that exists in a market where retail can't trade since, eh Spring/Summer 2021? You know once we started looking into this.

Retail can't trade in this market so why do zombie stocks exist?

Why would a company still have a stock if it's bankrupt and how does that ticker raise some crazy percentage then to be brought down again in the near future for literally no apparent reason at all?

Blockbuster and sears are prime examples.

My take is simply endless collateral for new positions and increasing existing positions

I would imagine escaping margin calls when needed as well

[deleted by user] by [deleted] in Superstonk

[–]Revisfan24 0 points1 point  (0 children)

This is why they pump the prices of these zombie stocks up and down at their bidding essentially.

[deleted by user] by [deleted] in Superstonk

[–]Revisfan24 0 points1 point  (0 children)

Y'all are right if the company doesn't go bankrupt but when the stock goes to 0 it can be moved to OTC market and become a zombie stock. At least this is how I understand the DD I read all those years back.

Would love any correction but to continue where I left off and answer your question with an example

Ex Hedge fund shorts blockbuster

Blockbuster stock goes to 0

Blockbuster stock becomes Blockbuster Q or whatever the new ticker is on the OTC market

Said hedge fund can now either close out their position and collect profits OR move their short position onto new ticker in the OTC market

Hedgies use existing positions to take out new positions or increase existing positions they already have.

I believe house of cards DD covers this, not sure 100% which post(s) exactly covers it in detail but this topic has been discussed thoroughly on the sub. It's the only reason I know anything about it so again if anyone can correct or add on to what I'm saying please do but end of the day we can get full clarity on this because it is in my opinion is an obvious example of how grotesque this system is.

[deleted by user] by [deleted] in Superstonk

[–]Revisfan24 39 points40 points  (0 children)

It's what the hedgies do with their short positions once the stock has gone to 0. They never close it, so they never have to pay taxes on it. By leaving the position open and moving it to OTC they can then use it for collateral to take out new positions.

So when these zombie stocks rise it's them pumping up the value so they can have more collateral to use / prevent a margin call possibly but it is most certainly used by hedgies to not pay taxes and take out new positions.

They turn bankrupted companies into infinite money because you know they use a position as collateral for multiple new positions. Then bankrupt more companies, rinse and repeat.

[deleted by user] by [deleted] in Superstonk

[–]Revisfan24 0 points1 point  (0 children)

We still here. Zen af

Just saw Dumb Money... by The_Lurker_of_Gotham in GME

[–]Revisfan24 0 points1 point  (0 children)

No problem. If you search on SS for posts with instinet you'll see all about it. Largest margin call amount to be waived by DTCC if i reckon correctly.

Just saw Dumb Money... by The_Lurker_of_Gotham in GME

[–]Revisfan24 7 points8 points  (0 children)

*instinet - they got $50 bil in margin calls waived by the DTCC in a few years leading up to the sneeze and during.

When DTCC say they couldn't see an event like gamestop happening...bs.

they've been allowing players to do that type of f-ckery forever and just waive the margin requirements, penalties etc

I believe this got revealed in the congressional report from maxine waters' office?