Overall, I love this, but he misinterprets the 90 days statement in the proxy.
He interprets it as GameStop stating they will find a new depository for their shares at any time within the following 90 days.
The proxy actually doesn’t put a timeframe as to when they could move their shares to a new depository. It basically states that if the DTCC isn’t able to handle the responsibility of possessing GameStop’s shares for any reason (ahem, excessive naked shorting that is artificially and illegally devaluing the company and stealing money from equity owners?), then GameStop will either appoint a new entity as the depository for their shares within 90 days, or else provide current shareholders with something else (NFT?) that is equivalent.
DO NOT get it in your heads that GameStop has 90 days from the proxy to do this. Much like BUYING and HODLING and the inevitable MOASS, there is no timeline. No dates. GameStop can do this at any point in the future.
Regardskiki71 on July 14th, 2021 at 18:43 UTC »
His retraction destroyed my FUD. It zenned me TF out. People w power are getting angry. Kenny and Steve and hedgies are fukkkkkkkk
Bhope69 on July 14th, 2021 at 18:52 UTC »
Imagine trying to make someone retract their statement only to get a whole as thread exposing you
International_Gold20 on July 14th, 2021 at 20:36 UTC »
Overall, I love this, but he misinterprets the 90 days statement in the proxy.
He interprets it as GameStop stating they will find a new depository for their shares at any time within the following 90 days.
The proxy actually doesn’t put a timeframe as to when they could move their shares to a new depository. It basically states that if the DTCC isn’t able to handle the responsibility of possessing GameStop’s shares for any reason (ahem, excessive naked shorting that is artificially and illegally devaluing the company and stealing money from equity owners?), then GameStop will either appoint a new entity as the depository for their shares within 90 days, or else provide current shareholders with something else (NFT?) that is equivalent.
DO NOT get it in your heads that GameStop has 90 days from the proxy to do this. Much like BUYING and HODLING and the inevitable MOASS, there is no timeline. No dates. GameStop can do this at any point in the future.
Power to the players.
Shorts r fuk.
💎🖕