Apparently the hedge funds that fucked around and got themselves in this mess own interests in silver. The theory is that these companies are planting stories trying to divert the WSB people away from GME in order to spread their money thin to make it easier on them to cover their shorts somehow. I don't know shit, so don't listen to me, I just want free money.
"There are 71 million shares of GME that have ever been issued by the company. Institutions have reported to the SEC via 13F filings that they own more than 102,000,000 shares (including the 13% of GME stock is owned by Ryan Cohen). That is already 30,000,000 shares more than even exist. On top of the shares reportedly owned by institutions, retail investors may currently hold 50+ million shares (counting both long holdings and call options – both ITM and OTM). Once you include call options, retail investors may already hold more than 100% of GME (not just 100% of the float, more than 100% of the actual company). This would be definitive proof of illegal activity at the highest levels of the financial system."
I'm hearing both sides for GME. Some say its still going to the moon. Some saying its gonna crash back to 20. Problem is both sides have an agenda to lie.
I mean, if that reddit post that Sly linked is right, then buying shares right now at under $200 is a steal if it actually goes even to $1k a share. This $10k meme nonsense is beyond crazy but there is a logic to what people are saying.
There is some super shady shit going on right now. Some of the posts on WSB are extremely interesting. Bots spamming the same post over and over trying to get people to lose faith. And it really seems like we have uncovered some seriously illegal shit. Millions of shares that don't exist.
