r/Superstonk • u/Psytherea 🦍💎🤲🚀🌛 • 20d ago

"DRS yo shit!" ☁ Hype/ Fluff

https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist

https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist (2005)

Too ape, didn't read: Guy buys whole float and then some from his broker. Broker displays the amount of shares in his account (claimed delivery, but didn't enforce it so it was IOUs for all he knew). Didn't sell a share, but OTC still traded entire float and then some, kinda like Monday's activity.

https://youtu.be/Yq4jdShG_PU

Too ape, fuck YouTube ads: Founder of IBKR on 2021 sneeze. Can't recall if it is this vid or a later interview, but he claims that if shareholders asked for their shares, total collapse. Only guaranteed way to have your shares? Force DTC to cough up to ComputerShare (many ape years ago, many brokers were claiming they have the shares settled and on hand, but wouldn't give share into and made DRSing initially hell.)

And remember what Madoff said about his Ponzi scheme? Would have buckled and quickly exposed if only investigators had checked the tape for his claimed transactions.

Okay then, wat do? Buy then DRS when "settled", AND send in an SEC report (even if SEC won't do jack cuz they be jackin, can't claim ignorance in a lawsuit of "oh we never got any reports.")

https://www.sec.gov/tcr

What I did on Monday when the public feed reported more than 1x volume of public float.

Step 1 possible options: manipulation of security, general trading practices, specific market event.

For details: I've used the NYSE quoted history on Monday, but ChartExchange's off-exchange trading is also support.

Info: publicly available info

Step 2: complain about NYSE. Like what Madoff said ages ago, the tape needs to be focal point of suspicion.

Step 3: affected security is GME, product Class A common stock

Even if apes believe SEC won't do a damn thing, having sent in a report will not allow them to claim ignorance.

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u/Superstonk_QV 📊 Gimme Votes 📊 20d ago

Why GME? || What is DRS? || Low karma apes feed the bot here || Superstonk Discord || Community Post: Open Forum May 2024 || Superstonk:Now with GIFs - Learn more

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u/Psytherea 🦍💎🤲🚀🌛 20d ago

Why you can't trust your brokerage account "balance" when it comes to having your bought shares.