Check out the live recreation of 2008 VW chart, there were several days where the price would jump & then short down for consecutive days before shooting well above previous close reddit.com/…/a_rough_visualization_of_the_vw_shor…
Thanks for reviewing it, good to know we should avoid it.
Speaking of events after 2021, I have spent some time collating evidence & events over the last few years and wanted to share it with you / other GME investors. Do you know a good way to share a Word doc or PDF online? I know google drive is a bit touchy as it could track emails of users.
Here is the SEC outwardly accepting that there are more “security entitlements” than “fungible bulk” ie actual stock. Why even have “fungible bulk” then? Why not let the broker just sell CFDs? Atleast then customers get some disclosure that they only have a contract and no guaranteed ownership or voting rights like you would with a stock purchase.
Why even have a Depository Trust corporation if the beneficial owners are not bound to the amount of stock they hold? Isn’t the whole purpose of the DTCC to hold stock on behalf of institutional and individual investors so that stock certificates don’t get destroyed? Why have this middle man at all if they can’t even keep count of their own stock?
They even go so far to say this is because of FTDs and rehypotheicating shares. They discover brokers are trimming votes before sending to the issuer. They discover brokers are voting on shares that other beneficial owners have chosen not to vote on. All this is okay though because there is a risk of “undervoting” in which there would not be enough votes to substantiate the corporate action. How ridiculous when the whole reason for this investigation is because of rampant overvoting! Just remove the quorum clause rather than allow outside parties to sway voting! Hell, maybe a fail vote would encourage boards to actually engage investors, so that they understand and want to vote.
But wait till you hear their solution to this entire problem of having too many shares owed than actual exisiting stock! The answer to all this is by increasing disclosure to the beneficial owner. Just tell them they are getting fucked fixes everything! And what classifies as disclosure to the client that their shares are nonexsistent? A hidden-away jargon filled sentence in the terms and conditions. That’s it to say you are now well informed.
"As a result, a beneficial owner’s ownership cannot be tracked to specific shares but rather its ownership interest is represented as a securities entitlement at his or her broker-dealer. Each of those beneficial owners don’t own the actual shares credited to their account " www.sec.gov/news/speech/2007/spch101607ers.htm...
Here is the SEC outwardly accepting that there are more “security entitlements” than “fungible bulk” ie actual stock. Why even have “fungible bulk” then? Why not let the broker just sell CFDs? Atleast then customers get some disclosure that they only have a contract and no guaranteed ownership or voting rights like you would with a stock purchase.
Why even have a Depository Trust corporation if the beneficial owners are not bound to the amount of stock they hold? Isn’t the whole purpose of the DTCC to hold stock on behalf of institutional and individual investors so that stock certificates don’t get destroyed? Why have this middle man at all if they can’t even keep count of their own stock?
They even go so far to say this is because of FTDs and rehypotheicating shares. They discover brokers are trimming votes before sending to the issuer. They discover brokers are voting on shares that other beneficial owners have chosen not to vote on. All this is okay though because there is a risk of “undervoting” in which there would not be enough votes to substantiate the corporate action. How ridiculous when the whole reason for this investigation is because of rampant overvoting! Just remove the quorum clause rather than allow outside parties to sway voting! Hell, maybe a fail vote would encourage boards to actually engage investors, so that they understand and want to vote.
But wait till you hear their solution to this entire problem of having too many shares owed than actual exisiting stock! The answer to all this is by increasing disclosure to the beneficial owner. Just tell them they are getting fucked fixes everything! And what classifies as disclosure to the client that their shares are nonexsistent? A hidden-away jargon filled sentence in the terms and conditions. That’s it to say you are now well informed.
This seems like a great time to revisit the 2008 VW Chart, there were days of slow decline in between the sudden price rises (www.reddit.com)
Take care of yourselves
Looks like an interesting day ahead....
Here's a collated book of evidence & events retail investors have discovered the past 3 years (online.fliphtml5.com)
GAMESTOP to the MOON - How Reddit almost triggered an Economic Crisis | FD Finance - a review (www.youtube.com)
Noticed this post on reddit, decided to give this >40 minute documentary a watch....
Form I created and used for DWAC transfer at Fidelity. Requires in person verification medallion stamp guarantee. (lemmy.whynotdrs.org)
"Each of those beneficial owners don't own the actual shares credited to their account..." (lemmy.whynotdrs.org)
There Are Not More Shares Than There Should Be
"As a result, a beneficial owner’s ownership cannot be tracked to specific shares but rather its ownership interest is represented as a securities entitlement at his or her broker-dealer. Each of those beneficial owners don’t own the actual shares credited to their account " www.sec.gov/news/speech/2007/spch101607ers.htm...
Here's an amazing list of media related to our current financial situation! - Credit to u/JG-at-Prime
Credit to u/JG-at-Prime for an amazing list of media and DD resources to watch....
'I'm not afraid' - Feat. RC (lemmy.whynotdrs.org)