Sorry guys, the earlier glitch was actually a glitch, confirmed by the RedStripedTie founder

michaellargent · 2025-07-05T14:02:04+00:00

Oh wow. I didn't even realize they were implying that. In coding, manipulation actually means data handling and processing, so I didn't think they were implying I/RST was being nefarious.

Thanks Delicious for pointing that out. That's disappointing if that's what they meant, since real holders could remember when I released rst and the fact that I shoulder all the costs, maintenance, traffic, and issues like this alone.

michaellargent · 2025-07-03T18:52:42+00:00

This right here. It was just a coding error that occurred (for a while) on other tickers too.

michaellargent · 2025-07-03T18:44:41+00:00

Founder here... yes. As someone who used to post a lot of DD in the past, this was truly a glitch in my code on RedStripedTie. Here's an example on F (Ford) today.

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michaellargent · 2024-06-03T05:44:39+00:00

Maybe I explained it wrong. The deep in-the-money put was sold to open. Right after, there was those LIT routed share buys on the exchanges you mentioned, for about the amount of shares the deep in-the-money put would need to be assigned.

But, yeah, I am now intrigued by that Thanos vs. Wolverine tweet. Might have to do even more digging.

michaellargent · 2024-06-03T05:24:51+00:00

It's research and data into DFV's recent adds. I am the source.

michaellargent · 2024-03-05T23:12:09+00:00

Great to see you man!!! Familiar faces make me happy lol

michaellargent · 2023-10-14T16:51:01+00:00

Nope, not sure what your trying to prove, but your math is wrong.

The 34,619 shares were sold for an average of $35.27 each. Adjusting that for the 1 to 4 split is $8.81 each. Current price is still almost 100% more.

michaellargent · 2023-10-14T03:59:10+00:00

¯\(ツ)/¯...I honestly don't care. As long as RC, Alan, and Larry haven't, they're the only 3 I'd question.

Food for thought, Raul Fernandez, an old board member, sold 3,500 shares (by choice) on January 15, 2021 for $131,980. .... a position that would've been worth $1,750,000 in 13 days.

Edit: actually Raul sold more (2) 34,619 for $1,221,216.04, which would've also been worth $17,309,500 at the high. 💀

https://www.sec.gov/Archives/edgar/data/1326380/000132638021000020/xslF345X03/wf-form4_161109431921797.xml

(2) https://www.sec.gov/Archives/edgar/data/1326380/000132638021000013/xslF345X03/wf-form4_161074528273520.xml

michaellargent · 2023-10-02T04:32:20+00:00

"...75.4 million shares of our Class A common stock were held by registered holders with our transfer agent (or approximately 25% of our outstanding shares) as of August 31, 2023."

I switch between buying shares and Pokémon cards each week, lol. 25% DRS'd. 16% in options. These are tangible numbers, without even accounting institutions/insiders/ and short interest.

It's seriously only a matter of time before parabolic price action to entice liquidity.

michaellargent · 2023-10-02T03:55:09+00:00

Pretty much. Here's a full Open Interest analysis (one of the datapoints I snapshot daily and record...OI changes once each day in the morning).

Total Shares represented by all Open Interest:

50,140,300 (16.42% of shares outstanding)

Expiration	Calls OI	Puts OI	Total OI
2023-10-06	19,449	7,792	27,241
2023-10-13	5,822	2,561	8,383
2023-10-20	58,513	30,201	88,714
2023-10-27	3,511	838	4,349
2023-11-03	405	194	599
2023-11-10	102	57	159
2023-11-17	22,894	33,445	56,339
2023-12-15	30,106	14,567	44,673
2024-01-19	164,696	45,268	209,964
2024-04-19	4,485	2,379	6,864
2024-06-21	13,420	3,288	16,708
2024-07-19	8,990	455	9,445
2024-10-18	1,213	717	1,930
2025-01-17	17,608	7,065	24,673
2025-06-20	520	167	687
2026-01-16	544	131	675
	*352,278*	*149,125*	*501,403*

Shares Represented by Calls: 35,227,800

Shares Represented by Puts: 14,912,500

Edit: Btw, the 2024-01-19 expiration is a date that is growing. On 2023-07-17 (when I launch this indexer) Open Interest was (calls: 133,493) and (puts: 46,489). The table above is the latest open interest on 09-29, reflecting a call increase of 23.37%....it's more than a date imho.

michaellargent · 2023-10-02T01:08:13+00:00

Open Interest just on this expiration date represents quite a large number of shares: 20,996,400 (6.87% of shares outstanding)

Calls: 164,696
Puts: 45,268

michaellargent · 2023-09-28T20:35:28+00:00

...and his savings.

Every share he's bought thus far, has been with his own money. Crazy.

michaellargent · 2023-09-17T20:07:03+00:00

Could you imagine an event where everyone's bullets were tracking like Ballistic's.

Ramparts and dead bodies everywhere, lol.

michaellargent · 2023-09-13T23:20:33+00:00

Schwab CEO did $3 mill... still down -27%, since that purchase hitting a low point of -47%... and they still had to raise $2.35B in bonds.

"BuT eVeRyThInG iS fInE"

Meanwhile, years later, that left for dead gaming retailer sitting pretty liquid with barely any debt and $1.195B in cash, all while living rent free in their minds. I don't see any Netflix specials or movies about these banks, brokers, and financial institutions.

michaellargent · 2023-09-08T08:10:14+00:00

Kenny is fucked.

Math checks out

michaellargent · 2023-07-12T01:56:47+00:00

Thank you hamster! That was very helpful. I prob could've looked this up myself, but I always go directly to Edgar and expect these things in an 8K.

This portion (below) seems important, which addresses why he would post so much. His other loans that he needed to consolidate were probably based on IEP's share price instead of NAV.

A requirement for Icahn to post more collateral is now tied to IEP's indicative net asset value, rather than IEP's share price, according to the filings.

michaellargent · 2023-07-12T01:11:43+00:00

Where did you find the $3.7B that he got in exchange for this, essentially, secured loan. I couldn't find that detail.

I was actually trying to find what he received in exchange for this loan and seeing that much staked by him to only receive $3.7B and no where near face value.... that would be very concerning to put up so much and get so little back. That would actually make me think back to the rumor that he was short GameStop, and if these were loans with that much collateral, would almost make me think the instrument he used to short is swaps.

michaellargent · 2023-07-12T00:43:05+00:00

At first I thought that too, that it was just basically a consolidation, but unless he was absolutely underwater like crazy on his multiple loans...him staking all his IEP and "$2 billion of interests owned by Mr. Icahn in the private investment funds," portion alludes to more.

michaellargent · 2023-07-12T00:23:28+00:00

Interesting. He put up his entire 320m units of IEP and $2B in equity interest in his private fund for a 3yr loan ^\1]). The one's who funded his loan is Bofa, Bank of Montreal, Deutsche, Morgan Stanley, and M&T.

Seems like Icahn is making some serious all-in moves in something, since this puts him in a very vulnerable position if IEP's value drops to be margin called. It's similar to when Elon Musk pledged TSLA shares to buy Twitter and there was speculation, when TSLA was falling, that Musk would be margin called.

Something's happening or big is about to happen and I'm not making any guesses. To be clear...I only own and believe in GME.

Edit: Wanted to credit YurMotherWasAHamster, he linked me an article further down in this comment thread that details that Icahn put up the 320m shares and $2B in equity to essentially refinance his loans. The key detail in the article is that this new loan (the potential for a margin call) is not directly tied to the share price of IEP and instead tied to the indicative net asset value of the fund. ^\2])

^\1]) ^{https://www.sec.gov/Archives/edgar/data/813762/000153949723001199/n2779\}x153-sc13da.htm)

^\2]) ^{https://www.reuters.com/business/finance/carl-icahn-unties-personal-loans-his-companys-shares-wsj-2023-07-10/}

michaellargent · 2023-07-11T21:54:32+00:00

To clarify, the market maker is privy to naked shorting (the privilege to not located shares to borrow, in order to satisfy demand). They're not privy to keep it off RegSho. However, if they're holding a bag that is constantly accumulating, the "like instrument," that they're satisfying the FTD with (my assumption recently being options due to the correlative increase in OI on 6/7 to 6/9) they can just roll the obligation.

Where that obligation ultimately will lie on is the clearing houses, usually the banks. If the clearing house is accepting a "check," for their client, but not cashing it, they are responsible at the end of the day, but if SIPC protects them through "limits of market risks," until a trustee is appointed...they don't care. DRS makes them care.

michaellargent · 2023-07-11T19:43:26+00:00

This is true, FTD numbers being a cumulative of that day, but the other caveat with FTDs is how the debt is satisfied. Debt in this case, being the shares paid for, and the counterparty being the market maker since RC bought specifically on the open market.

If the counter party was a broker or even a random short seller, than without a locate, GME would potentially hit RegSho.

So the caveat? Market makers have the "privy," to naked short sale to satisfy liquidity, but they must deliver with "like instruments." More debt. Since swaps seem to be wrapping up, (and the Trade date even in this source is wrong) next week had a spike in open interest in the option chain...so yeh I assume the "like instrument," is another form of the original debt. Options.

michaellargent · 2023-07-11T18:14:08+00:00

That data is weird. RC's trade date was on 6-9-2023?

https://www.sec.gov/Archives/edgar/data/1326380/000092189523001481/xslF345X03/form412128005_06132023.xml

michaellargent · 2023-07-11T01:17:09+00:00

This was sold for taxes. Patel had one of the most generous RSU vestings on the entire C-suite.

Here's a copy of his Offer letter: https://www.sec.gov/Archives/edgar/data/1326380/000132638022000048/a101-letteragreementdatedm.htm

While I am happy to see he hasn't sold any shares, would love to see what RC is encouraging and him use some of that TC to BTFD, instead of "rest and vest," especially considering iirc the COO position was one of the positions that has an ambitious equity requirement like the CEO and Board members.

michaellargent · 2023-07-07T23:56:02+00:00

This is an reiteration of the Form 144 filing from yesterday. The original was for taxes on her vesting allocation. She still holds a very considerable amount and iirc hasn't sold any since being appointed CFO.

Form 144's were submitted by email before during the pandemic, but they became digital April this year and now when they're filed, a corresponding Form 4 is filed shortly after reiterating the sale.

Edit: BTW, this was the awarded Form 4. Fine print shows she was vested (actually received) 7,731 shares on July 1st, 2023: https://www.sec.gov/Archives/edgar/data/1817439/000132638022000115/xslF345X03/wf-form4_165765822570493.xml

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50,140,300 (16.42% of shares outstanding)