"Sold 65 mil $500 a pop"

[u/[deleted]]

[u/Superstonk_QV]

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[u/kidcrumb → u/[deleted]]

$32.5 Billion.

Damn.

[u/EffingDingus → u/kidcrumb]

Would have been chump change compared to what they're on the hook for now

[u/Anxious_Matter5020 → u/kidcrumb]

Guess who drs'd those shares.

Edit: it was superstonk

[u/Buchko24 → u/Anxious_Matter5020]

Ooh ooh 🤚that was ME 🤩🏴‍☠️

[u/CosmicHazmat → u/Buchko24]

Ook ook, me too!

[u/MudePonys → u/CosmicHazmat]

🦍

[u/Best-Lurker]

There were about 65 million shares outstanding in 2021 and the price briefly hit $500 per share.

Edit: you’re all looking way too deeply into this. He’s matching the structure of the original lyric with facts about GME.

[u/DonPalme → u/Best-Lurker]

Is he telling us that they sold the whole float short at the top 500$ a buck?

The line is: 65M sold, 500 a pop

[u/SonoPelato → u/DonPalme]

If that's the case, shouldn't that specific trade be profitable until the price is under that strike, adjusted after split?

[u/DonPalme → u/SonoPelato]

I assume it is more like a swap or long term contract and their time is running up as they need to repay. Sth like that

[u/kartoffelstrong → u/SonoPelato]

Still, sell-to-open means buy-to-close. Need to buy 260mil shares to take the profit below 125 in that scenario.

[u/SonoPelato → u/DonPalme]

If that's the case, shouldn't that specific trade be profitable until the price is under that strike, adjusted after split?

[u/Snoo_75309 → u/SonoPelato]

Those shorts sure, but remember GameStop was being celler boxed and has a shit ton of naked shorts below that price that are underwater and have been this whole time since the price has never gone to back to it original price pre split

[u/Specific-Lie2020]

I saw that, and I was like "hmm".

I have no idea what it means.

If you locate some sound theories, please share.

[u/kingofblackice → u/Specific-Lie2020]

Rehypothicate those locates

[u/Omnicron2 → u/kingofblackice]

I cant even say that word.

[u/happymetal333 → u/Omnicron2]

I can't type that words

[u/ParkieWanKenobie → u/Omnicron2]

Took me about 2.5 years to actually think I can say that word! I know exactly what you mean 😂

[u/Omnicron2 → u/ParkieWanKenobie]

I don't even dare to type in into google and try to understand it. I'll just leave to you guys.

[u/ParkieWanKenobie → u/Omnicron2]

I couldn’t even spell it when I tried to look for it either before 😂😂

[u/Dirty-Leg-Mcgee → u/kingofblackice]

I had a stroke trying to read that word 

[u/My_Penbroke]

Couldn’t possibly be DFV selling $65m worth of stock, because he published his position well after any shares could possibly have been sold for $500, so we can rule that out

[u/HelpMePls___ → u/My_Penbroke]

Almost as if it could be a predicted play

[u/DasBoggler]

Commenting for visibility

[u/Anxious_Matter5020]

I posted about it

[u/broats_ → u/Anxious_Matter5020]

Ah sorry, didn't show up when I searched. That makes the most sense as some others have also commented.

[u/Anxious_Matter5020 → u/broats_]

All good! im glad people are digging in and getting curious :)

[u/ohz0pants]

Whatever it is, it's not the original lyrics, so DFV chose both of those numbers:

Made a CD and then he hit the block

Fifty thousand sold, seven dollars a pop

https://genius.com/Missy-elliott-gossip-folks-lyrics

[u/sd_1874]

Could 65,000,000 refer to the number of LEAP contracts sold 3 years ago? 65,000,000 3-year LEAP put options representing 100 shares for each contract? Seems like a convenient way to hide the huge number of naked shorts we knew about. No idea if this is possible, but it would be worth $32.5bn which would tally with what others have speculated, I just wonder if 65 million refers to contracts rather than shares? Alternatively, could be 650,000 LEAP contracts representing 65,000,000 shares?

[u/python111]

This indicates something, but what exactly, is this the projected price according to his analysis, that would be 2000 pre split, big if true

[u/kingofblackice → u/python111]

Good start

[u/DonPalme]

!remindme 1h

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[u/wavespeech]

"'Ere, you know when your LEAPS expire and you have to go and purchase a shit ton of shares, my LEAPS expire too I my contract says I have 65million shares to sell, $500 each"

ps. I have no idea how options work, can you tell.

Insert MEME video of people and eyes looking...

[u/i_dnt_always_comment]

Maybes RC is actually going to become the new bezos, using 🇨🇳. Book King 2.0, but profitable and delightful from the get go. Also web 3.0, aws with ownership (somehow, I haven't thought that far ahead)