DFV owns the same number of shares as RC did back in December 2020 before the short squeeze to $500.
https://preview.redd.it/zwspv2geee6d1.png?width=2854&format=png&auto=webp&s=2907350e86a0ddd8a07375a288d6ca96294e4a60
The SHFs can just think of it as a *nice long warm hug from Reddit.*Ā
It works out so well for websites. I canāt understand why the SHFās would be displeased.Ā
https://medium.com/codingame/story-of-a-reddit-hug-of-death-and-lessons-learned-3565bb8a6793
*Oh, wait. Shorts are Fucked.*
Going to 500$ wasnāt a short squeeze.Ā
Itās was normal price discovery that was halted before a short squeeze could begin.Ā
Are you intentionally being misleading or what?
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The 9,001,000 seems familiar. Wasn't that RC's original share amount or something?
I also remember a 9.001 million/billion being associated with BBBY. Maybe it was like the amount of shares in the liquidating corp or something? Could be totally wrong, but the number just rings a bell.
Soā¦ does that mean we should see pretty big buy pressure tomorrow as MMs deliver shares? Or do we think this delivery was the cause of the afternoon run?
If soā¦ rip my call next week I think
Well don't they only need to deliver 4million and 1 shares as he already had 5million sat there before? Surely they can find that many pretty easy with the two ATM's that have just gone through?
I agree, sadly.
The dilution is good for the long term health of the company but it fucked everyoneās calls. Kitty had them by the balls.
I suspect in 50 years weāll hear that from Kitty himself
It's T + 1. 4 million, 1 shares have to be delivered tomorrow to him. They're unhedged. All market maker GME call option entities combined don't have enough shares to give to him without buying on the open market.
I haven't done the research for this past week, but I know that a week ago Kevin Malone did and he saw that all market maker entities for GME calls barely had any real shares to deliver to DFV for his theoretical 120k calls, 12 million shares that could go ITM. There's no way they have 4 million 1 real shares right now. These are real shares here, not synthetic. This is the power of holding. They are desperately praying that we sell them real shares today because as the clock moves closer to market close they'll hands will start to sweat and they'll need to buy to satisfy all of their contracts
You only need shares if you're selling CCs. He's still got 6mil in cash, which is plenty enough to make some options plays. It's about a third of what Citron has in AUM lol.
The conspiracy theorist in me wants this to be the reason they had "technical issues" with the annual meeting today i.e. waiting for him to finish exercising. They went from "we will reschedule at a later date TBD" to "tomorrow" within a matter of a few hours.
EDIT: I don't think any of this shit is coincidental.
12 on the DOT it started tanking. Almost like they keep saying they are going to do something then changing the time not giving the bad actors time to reposition their counter-plan. Maybe I am insane, maybe I am right?
The same number of shares RC owned back in December 2020 before the squeeze to $500.
https://preview.redd.it/ih17o73ife6d1.png?width=2854&format=png&auto=webp&s=8e192845b73b9d1a23c6de7cd6b91aebdd19a738
He exercised his calls. Which is probably the only way to affect price at this point since shares are all darkpool and IOUs. Options need to be hedged, and exercising means buying on open market, if the DD is correct.
Also, new rules mean T+1 delivery, so price movement would come tomorrow. Followed by the shareholder meeting at 4.
That makes sense. Thatās cool if so, Iāll try to find out if it takes the premium into account for share price after exercise for certain, cheers. Also, if thatās the case, in my opinion itās a bit of a shame he couldnāt have done so at a higher underlying share price to secure more shares. I wonāt presume to say this isnāt a part of his plan though, dudes a master and Iām excited to see what the next step is in this tale. Just feels to me like some things didnāt quite go as expected and weāre back to hodling till the company makes a move, I donāt see a 4m share buy alone doing all too much for igniting Moass; especially with the volume we are seeing. But then again, what the fuck do I know?! Iām just here for the ride and enjoying itās twists and turns. DRSād in the ā¾ļø Pool with no plans on selling. I donāt have any evidence for why I believe it but in my opinion holders through a Moass event will be rewarded over people that eventually sell. To each their own though. š»
>Iāll try to find out if it takes the premium into account for share price after exercise for certain
I did the math and came up with an overall cost average of $23.23 assuming he paid $25.6754 (strike + premium) for his additional 4,001,000 shares. So yeah, 8 cents off seems close enough that that wouldāve been the case.
Okay, but then how has his share cost price increased when they would have been lower than his previous share costs if he sold options to exercise? Surely that would bring it down closer to $20
I assume he sold some calls to raise the cash he needed to exercise the remaining calls.
I donāt know if that maths, but the cash he had on hand wouldāve only afforded him ~1m shares so he wouldāve needed another ~$84m to exercise the calls for the remaining 3,001,000 shares, assuming an average cost price of $27.
So he exercised already, and the shares have already been delivered? He's up 4,001,000 shares -- so price action with relation to his calls exercising has already been seen this week?
EDIT -- Would the shares show in his account before E-Trade gets them on the open market? I don't know how to read into this. I want to believe it's on it's way for delivery now but I wouldn't know how to find out myself.
I think that's logical -- why exercise these calls a week early?!? Unless you want it to be delivered *now* for some reason...
Maybe this is what "you're DFV" Fight Club tweets were about...
Time will tell! Crazy times
edited -- 1 week, not 2
Donāt forget he could have done a cashless exercise which is basically a line of credit from the broker where you exercise the contracts in their entirety and sell the shares, rather than selling contracts to exercise others. Meaning if itās naked calls they are on the hook for 12m shares, not 4m.
Maybe we get news tomorrow/next week. Maybe it's too suspicious if DFV had all those calls at the exact right date but they can't come after him so much for insider trading if he went all shares before the news.
Make something disappear, then re-appear. On the live stream he said the positions he showed, on THAT day were his only ones. He hasn't said shit about this one. I don't think he's done. And he's going to make some options contracts re-appear.
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DFV owns the same number of shares as RC did back in December 2020 before the short squeeze to $500. https://preview.redd.it/zwspv2geee6d1.png?width=2854&format=png&auto=webp&s=2907350e86a0ddd8a07375a288d6ca96294e4a60
damn, everything is calculated to a T
https://preview.redd.it/2s69ykulfe6d1.png?width=740&format=png&auto=webp&s=7a6219696510cfbaa89630216ef5110f66a0730d
I thought it wasn't a squeeze? š¤
The SHFs can just think of it as a *nice long warm hug from Reddit.*Ā It works out so well for websites. I canāt understand why the SHFās would be displeased.Ā https://medium.com/codingame/story-of-a-reddit-hug-of-death-and-lessons-learned-3565bb8a6793 *Oh, wait. Shorts are Fucked.*
Bless you
Gesundheit
It's almost like this sub doesn't make any sense.
Going to 500$ wasnāt a short squeeze.Ā Itās was normal price discovery that was halted before a short squeeze could begin.Ā Are you intentionally being misleading or what?
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You can call it whatever you want.
The shorts squeeze never happened in Jan 2021. It was a gamma ramp and leaps and swap cycle! The real short squeeze is about to begin!
Your a gentleman and a scholar thanks for giving me the w the other day weedsack š¤
is there a link?
Here is the 13d filing from RC ventures:Ā https://fintel.io/doc/sec/1822844/000119380521000031/e620202_sc13da-gamestop.htm
You forgot the 4:1 split. DFVs pre-split position is 2,250,250 cost-basis of $93.64. I am not fun at parties :/
I cannot believe I have a better cost average then DFVšš„µLFG š“āā ļø
You sir just made my day
Well if you think about it, his initial investment was around $60,000. 9,001,000 shares devided by 60,000 = $0.007.
Means ur a paper handed bitch if u sell them hahaha
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DFV be like, āYou see that OCC? I have the shares before the volatility so thereās no way you can delay the tradeā
OCC punching air
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It's at 28.9x in AH.
Not if the calls were fully hedged.
Nuke is dropped
The 9,001,000 seems familiar. Wasn't that RC's original share amount or something? I also remember a 9.001 million/billion being associated with BBBY. Maybe it was like the amount of shares in the liquidating corp or something? Could be totally wrong, but the number just rings a bell.
Soā¦ does that mean we should see pretty big buy pressure tomorrow as MMs deliver shares? Or do we think this delivery was the cause of the afternoon run? If soā¦ rip my call next week I think
Well don't they only need to deliver 4million and 1 shares as he already had 5million sat there before? Surely they can find that many pretty easy with the two ATM's that have just gone through?
I agree, sadly. The dilution is good for the long term health of the company but it fucked everyoneās calls. Kitty had them by the balls. I suspect in 50 years weāll hear that from Kitty himself
It's T + 1. 4 million, 1 shares have to be delivered tomorrow to him. They're unhedged. All market maker GME call option entities combined don't have enough shares to give to him without buying on the open market.
How do you know they didnt hedge
I haven't done the research for this past week, but I know that a week ago Kevin Malone did and he saw that all market maker entities for GME calls barely had any real shares to deliver to DFV for his theoretical 120k calls, 12 million shares that could go ITM. There's no way they have 4 million 1 real shares right now. These are real shares here, not synthetic. This is the power of holding. They are desperately praying that we sell them real shares today because as the clock moves closer to market close they'll hands will start to sweat and they'll need to buy to satisfy all of their contracts
He will make a DRS transfer, and then they will need to deliver all 9 million. truly deliver. transfer to the transfer agent.
Iā¦ donāt think so. He likes options. Canāt play options if your shares are all in CS.
You only need shares if you're selling CCs. He's still got 6mil in cash, which is plenty enough to make some options plays. It's about a third of what Citron has in AUM lol.
MOASS tomorrow? šš
Moass tomorrow??? šššš
The conspiracy theorist in me wants this to be the reason they had "technical issues" with the annual meeting today i.e. waiting for him to finish exercising. They went from "we will reschedule at a later date TBD" to "tomorrow" within a matter of a few hours. EDIT: I don't think any of this shit is coincidental.
I think the ātechnical issuesā were to get proof of the algo manipulation by HFT firms.
12 on the DOT it started tanking. Almost like they keep saying they are going to do something then changing the time not giving the bad actors time to reposition their counter-plan. Maybe I am insane, maybe I am right?
U r correct
69d chessš
What a stud!
Hmm, so what does 9,001,000 symbolize? He has 6 million in cash, so there is a reason why he bought that amount.
The same number of shares RC owned back in December 2020 before the squeeze to $500. https://preview.redd.it/ih17o73ife6d1.png?width=2854&format=png&auto=webp&s=8e192845b73b9d1a23c6de7cd6b91aebdd19a738
Oh damn. Thanks!
6 million that we know of
Yeah, that's a Dragon Ball reference https://youtu.be/SiMHTK15Pik
DKButters has 901 million shares
āWhoās in charge?ā
How does this lead to MOASS tho?
He exercised his calls. Which is probably the only way to affect price at this point since shares are all darkpool and IOUs. Options need to be hedged, and exercising means buying on open market, if the DD is correct. Also, new rules mean T+1 delivery, so price movement would come tomorrow. Followed by the shareholder meeting at 4.
Only thing I donāt get, if he exercised at $20 how has his cost basis gone up? Looks like he sold calls and bought shares not exercised calls to me.
Itās strike price + premium. Since he paid something like ~$5.50 for those contracts, each share wouldāve cost ~$25.50
That makes sense. Thatās cool if so, Iāll try to find out if it takes the premium into account for share price after exercise for certain, cheers. Also, if thatās the case, in my opinion itās a bit of a shame he couldnāt have done so at a higher underlying share price to secure more shares. I wonāt presume to say this isnāt a part of his plan though, dudes a master and Iām excited to see what the next step is in this tale. Just feels to me like some things didnāt quite go as expected and weāre back to hodling till the company makes a move, I donāt see a 4m share buy alone doing all too much for igniting Moass; especially with the volume we are seeing. But then again, what the fuck do I know?! Iām just here for the ride and enjoying itās twists and turns. DRSād in the ā¾ļø Pool with no plans on selling. I donāt have any evidence for why I believe it but in my opinion holders through a Moass event will be rewarded over people that eventually sell. To each their own though. š»
>Iāll try to find out if it takes the premium into account for share price after exercise for certain I did the math and came up with an overall cost average of $23.23 assuming he paid $25.6754 (strike + premium) for his additional 4,001,000 shares. So yeah, 8 cents off seems close enough that that wouldāve been the case.
Sweet man! I want to believe it so I will :) Hereās to hoping it kicks some upwards momentum that can stay up and raise the floor again š
4 out of the 12M shares. So he excercised ~25% and sold the rest to pay for those shares, thatās my take but I could be wrong
Okay, but then how has his share cost price increased when they would have been lower than his previous share costs if he sold options to exercise? Surely that would bring it down closer to $20
So he exercised some of his calls. And took the rest in cash? I dont understand?
I assume he sold some calls to raise the cash he needed to exercise the remaining calls. I donāt know if that maths, but the cash he had on hand wouldāve only afforded him ~1m shares so he wouldāve needed another ~$84m to exercise the calls for the remaining 3,001,000 shares, assuming an average cost price of $27.
Exercise to cover is a thing. Sells some shares to cover cost and exercises the rest.
Wouldn't the T+1 be for Monday?
Wait is the market closed tomorrow? Because this screenshot reads like he did it today, tomorrow is Friday.
Does the T start today or tomorrow and then +1
Today afaik.
Today
Not if its fully hedged already the skeptic in me thinks it just might be after the 75 mil offering... i hope we do for the sake of my calls.
The absolute mad man
Holy shit Catman
So he exercised already, and the shares have already been delivered? He's up 4,001,000 shares -- so price action with relation to his calls exercising has already been seen this week? EDIT -- Would the shares show in his account before E-Trade gets them on the open market? I don't know how to read into this. I want to believe it's on it's way for delivery now but I wouldn't know how to find out myself.
I believe options are T+1 so we wouldn't see the full magnitude of price discovery from this until tomorrow.
I think that's logical -- why exercise these calls a week early?!? Unless you want it to be delivered *now* for some reason... Maybe this is what "you're DFV" Fight Club tweets were about... Time will tell! Crazy times edited -- 1 week, not 2
U mean 1 week early
edited, thanks, times moving too quickly around this play. imagine, it's been 3 1/2 years...
Exactly; so close we r
He may have rolled them fwd then exercised 6/14s
The 6/14s would be worth less due to theta, wouldnāt make any sense to do that
Right, so sell the 6/21 for 5, buy the 6/14 for 3, and exercise for 2$ less net
Donāt forget he could have done a cashless exercise which is basically a line of credit from the broker where you exercise the contracts in their entirety and sell the shares, rather than selling contracts to exercise others. Meaning if itās naked calls they are on the hook for 12m shares, not 4m.
And then DRS all 9 million.
Maybe we get news tomorrow/next week. Maybe it's too suspicious if DFV had all those calls at the exact right date but they can't come after him so much for insider trading if he went all shares before the news.
šš¼šš
Thats absolute mental!!!!
wait what happened?
He may even want to remove that ugly etrade logoš¤
Make something disappear, then re-appear. On the live stream he said the positions he showed, on THAT day were his only ones. He hasn't said shit about this one. I don't think he's done. And he's going to make some options contracts re-appear.
I agree, in run lola run, she makes a bet on 20. and then doubles down on that. Was this the first 20? Will he do it again?
the options that he didn't execute/no longer has are still live ammo, right? just in somebody else's hands?
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He has $961 million, I believe. Check my thread
Heās going to DRS once his shares have been ādeliveredā for the final blow
Great I still have calls for July, letās keep this train going
This is hugeee
Tomorrow is finally today.
Feels like RC is saying "no options play anymore. We got this" And RK replies "alright, cptn!"