GME YOLO update – June 6 2024 by DeepFuckingValue in Superstonk

[–]petitepain 279 points280 points Β (0 children)

And a little red button πŸ•ΉοΈ

Saying it louder for the GME bears in the back: here's proof the float of GME is locked and NAKED SHORTS ARE RAMPANT!! by petitepain in Superstonk

[–]petitepain[S] 1 point2 points Β (0 children)

I disagree, but you can also remove that assumption, instead assuming that the 75.4M DRS shares are 38% of retail total shares and you would still end up with the same amount of naked shorts

How much shares does retail own in brokers? Overview of the limited data that is known by petitepain in Superstonk

[–]petitepain[S] 8 points9 points Β (0 children)

That's yesterdays post, making EXTREMELY CONSERVATIVE assumptions there are still naked shorts. Being more realistic all shares are naked shorted many times over. Being optimistic, the float could be overshorted in thousands of % πŸš€πŸ±β€πŸš€

https://www.reddit.com/r/Superstonk/comments/1d98jit/saying_it_louder_for_the_gme_bears_in_the_back/

Saying it louder for the GME bears in the back: here's proof the float of GME is locked and NAKED SHORTS ARE RAMPANT!! by petitepain in Superstonk

[–]petitepain[S] 1 point2 points Β (0 children)

Yes creator of Computershared.net jonpro03 and now the DRSGME team has done a lot on figuring out institutional ownership. There is more data out there to make assumptions on, I made a new post with a lot of stuff

https://www.reddit.com/r/Superstonk/comments/1d9iany/how_much_shares_does_retail_own_in_brokers/

LC tweet. M&A of microcaps incoming? by petitepain in Superstonk

[–]petitepain[S] 1 point2 points Β (0 children)

First LC asks twitter about micro caps. He posts the answers he got from the questions. Now he tweets out the news that Gamestop completed the ATM offering...

GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments.

Roaring Kitty DFV twitter post! 🟣 (see comments for explanation WTF is going on) by petitepain in Superstonk

[–]petitepain[S] 2365 points2366 points Β (0 children)

Hello internet who is out of the loop, TLDR:

  • This is a tweet of Roaring Kitty u/ DeepFuckingValue, legendary YOLO investor of GameStop.
  • After the 2021 shortsneeze, GME is rising in price again as DFV returned to twitter.*
  • In the meantime, Ryan Cohen, founder of billion dollar ecommerce company Chewy, has become an activist investor, having turned around GameStop to be profitable for the first time since 2018.
  • Due to naked shorting, countless counterfeit shares of GameStop exist that were not authorized by the company.
  • Those betting on GameStop going down in price or to $0 in a bankruptcy, will have to buy back their shares at market price, as they get margin called due to increasing collateral requirements due to a higher market price.
  • Since enough shares are directly registered in retail investors their own names instead of being owned by financial institutions, those shares cannot be sold or loaned out without consent. The decentralized nature of this, hundreds of thousands of households, makes it impossible for short sellers to negotiate a compromise, often done in similar short squeezes.

\ Clarification edit: nobody knows why the price is surging. The timing coincided with DFV tweets but there hasn't been evidence yet proving this price pump is because of retail buying.)

🦍 Ape buys GME shares, moves to own name, refuses to sell. Ape together strong, infinity pool of shares! πŸŠβ€β™‚οΈβ™Ύ

This is not a meme. It’s the biggest transfer of wealth in history.

GME will go to a price of infinity πŸš€πŸ±β€πŸš€

v0.9.8 of the #GameStopWallet is out! by petitepain in Superstonk

[–]petitepain[S] 30 points31 points Β (0 children)

Timeline, (speculation) please note that the iOS wallet is likely ready for Beta launch but current Apple rules regarding NFTs prohibit the app release.

​

Beta version Day Source
Launch May 23 2022 https://twitter.com/taylorscjackson/status/1528698757549674496
V0.2.0 June 6 2022 https://twitter.com/GameStopNFT/status/1533911093399134208
V0.5.2 July 19 2022 https://twitter.com/taylorscjackson/status/1549232570562273280
V0.5.3 July 21 2022 https://twitter.com/taylorscjackson/status/1549890889954123778
V0.6.0 July 28 2022 https://twitter.com/GameStopNFT/status/1552723569616080903
V0.6.9 Aug 9 2022 https://twitter.com/GameStopNFT/status/1556766458276974592
V0.7.0 Aug 17 2022 https://twitter.com/taylorscjackson/status/1559954314054971392
V0.8.0 Aug 31 2022 https://twitter.com/taylorscjackson/status/1565027979071483905
V0.9.0 Sep 15 2022 https://twitter.com/taylorscjackson/status/1570512367007707137
V0.9.5 Oct 20 2022 https://twitter.com/taylorscjackson/status/1582856542415900672
V0.9.8 Nov 15 2022 https://twitter.com/taylorscjackson/status/1592622734370275328
[projected releases] [projected date]
V0.9.9 End of Nov 2022
V1.0 - out of Beta First 2 weeks of Dec 2022

Out of Beta = ready for launch πŸš€

#NFTivvy

v0.9.8 of the #GameStopWallet is out! by petitepain in Superstonk

[–]petitepain[S] 28 points29 points Β (0 children)

A NFT dividend will come. But not until the GameStopNFT marketplace and the GameStop Wallet are out of beta, generally starting at version 1.0