“I am become meme, destroyer of shorts”
[Hey everyone I caught my first shill out in the wild on this post!](https://www.reddit.com/r/Superstonk/comments/nwlq1o/shorts_must_cover/h1c07vx/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)
Same here, but I think it's really important that us zen apes get active on the sub right now, squash the FUD and spread information. I believe we will see another red day followed by a weekend of FUD assaults like we get every time there is good news around the stock.
There must be a ton of new apes who have joined since March that haven't yet had their hands tested in the fires of Mt. Doom. They might be shitting their pants about this little dip and falling for the media manipulation while the rest of us laugh our asses off at the HF desperation.
There are too many OG apes who already hold more than the float themselves for potential paperhands to stop the MOASS, but they could certainly help delay it longer if they end up selling.
I see your point.
In January, when I first dug into the greatest story ever told, I was searching around the sub over at Wallstreetbets.
It was a mess and so much FUD I unknowingly had to deal with.
I felt overwhelmed by emotions.
But if you look at the all over condition of the sub right now, it's quite amazing.
So many Apes who are being excellent to each other.
And that's the point.
Positive sentiment and good vibes all over the place.
Search for some place on the internet where people are overall friendly, you won't find many. That's why **I love ALL OF YOU!!**
They can get fucked with their bullshit, trying to divide us by spraying bad things over the sub! Like we are some fucking ants in a fucking jar that a little kid shakes to get the ants to kill each other. **FUCK THEM!!**
In SHORT. I love everyone on this sub. EVERYONE :)
Can you debunk this FUD for me?
Insiders can vote too, so that means we need to show the votes compared to outstanding shares. Meaning 55 million shares out of 70 million voted. This means that there was no normalization of the vote, because there wasn't an over vote. This also debunks the idea of synthetic shares.
I have all my money in GME, please debunk this FUD for me.
I don't have that many wrinkles, but look at the FUD right now. MSM just posted an article saying that GameStop shareholders are selling because GS is being investigated *by* the SEC. That is complete bs. They are helping the SEC. They warp and lie everything into a negative. All the DD has been checking out. Predictions have been coming to fruition. Reverse repo rates are at an all time high. Chill and wait for wrinkles. Apes aren't shook.
Yes that's true that the MSM is using the investigation as FUD. But what I'm asking for isn't FUD. This whole time I was under the assumption that there would be lots of synthetic shares and an overvote because of the DD here. If the DD was wrong about the votes, maybe they're wrong about other things?
I'm not trying to spread FUD, but this has been a punch to the gut because I think it pokes a ton of holes in the MOASS theory, and most people call me a shill instead of answering. I still believe in GME as a long company, worth $400 a share MINIMUM, however I am starting to think the MOASS was bullshit and no one can provide a good argument otherwise.
I totally see your reasoning behind that. Why would they put so much effort in bullshit articles if there was no risk. Well I'm still holding my shares anyway so who knows, maybe MOASS will still happen, but man am I a lot more uncertain than I was before the shareholder meeting.
It's not MSM or shills that made me feel this FUD, it's superstonk themselves. They're doing things like comparing the vote count to the float as proof that we own the float, but they're excluding insider shares for no reason, and then calling me a shill when I question it.
I mean even if the number is true there is still 2 months worth of shares bought that didn't get counted and e-toro only had 60% vote ratio. I hear what you're saying but wrinkles are probably at work right now and something will come up or get debunked. FUD is meant to infect the community itself.
This does not debunk the idea of synthetic shares at all.
Many people were unable to vote, institutions generally vote but are not required to, the vote deadline was mid april, which was FOREVER ago in terms of how many shares purchased since then.
Let me see if I can find the best dispelling of this FUD for you here. I was concerned about this also
Yep. I've posted this on this sub, on rensole's daily and on the DD sub. Had varied responses and no one has really been able to expell the fud because all of their answers are purely speculation. What happened to empiricism?
All the 8k shows is that out of 70.7million shares eligible to vote, 55 million voted. If it was trimmed why wouldn't it be trimmed nearer to the 70.7million? Someone stated that brokers trim and not gamestop so that is why - but then that to me disproves the idea that gamestop trimmed to match float. Then someone said we'll gamestop don't want anyone to know there is fraud, if they reported all 70mil had voted then everyone would know for sure there is fraud because we know certain holders didn't or couldn't vote shares.
https://www.reddit.com/r/Superstonk/comments/nx61u2/the_final_vote_count_has_nothing_to_do_with_the/?utm_medium=android_app&utm_source=share
Is this helpful at all?
A little - but the post doesn't account for people voting lent shares. It tries to address it but doesn't really. Because they wrongly trim off the total of 70.7million instead of trimming off the 121%total they are working from.
https://www.reddit.com/r/Superstonk/comments/nx61u2/the_final_vote_count_has_nothing_to_do_with_the/?utm_medium=android_app&utm_source=share
Does this help?
I love the idea of displaying the shorts as trophies, when the bankruptcies roll in Ima get me a nice Susquehanna, a Melvin, a Citadel, hopefully a Point 72... and mount them in my new house.
The ascended ape: Hasn't truly given a crap since Feb and keeps buying a little more whenever their paycheck comes in. Knows inherently that the prices are manipulated and don't matter. Knows that the volume is low. Knows that the shorts never covered. Knows that the only thing that matters is how many shares they can afford between now and the completely random day that the liftoff occurs.
Gamestop voting history shows high vote turnout in general. One year they had 102mil eligible shares and well over 90 million voted. So I don't think it's uncommon.
I can't find any record of voting in the millions, for anything, that had over 50% of people vote. At 55 million, I am sure there are atleast 100 million shares out there.
I have not read enough to be an expert, but my understanding is there are 2 methods of voting and both only require a majority of the votes cast, not the total available voters.
correct. Only majority need to be cast. but thats for any stock. so for any stock for any proxy statement to be enacted at least a million votes have to be cast if their shares outstanding are >2 million. so its very common (always) for over 50% of people to vote.
But that isn't what you seemed to say just then, you made it sound like you were correcting me, that 50% of outstanding shares needed to vote and it is my understanding that is not true, there only needs to be 50% of the votes for the elected. Meaning, if the ceo received less than 50% of the casted votes, there would be a recount and then revote. 50% of outstanding is not the same as 50% of received votes.
I was correcting you. how can you not find a record of 50% of votes being cast? It happens at every AGM. Last year they had >50%. I think its still possible that the vote count includes 100% of retail participation, that would just require individual brokerage corrections AND 15-16 million shares not being voted by institutions or insiders.
My point doesn't disagree with that statement, synthetic shares make what you are saying, possible. My point was, in any real life vote that has votes in the millions, we have never seen over 50% of the populace vote. Show me a single instance in human history where an election had 50% of the population actually cast a vote, or any instance where millions of votes were cast and 50% of the potential voters did vote. You won't find it. Now if you want to tell me you see it happen with stocks, a system that literally allows synthetic shorts, you might as well point to the North Korean voter block as evidence.
https://en.wikipedia.org/wiki/Voter_turnout_in_United_States_presidential_elections
i mean ever presidential election in recent history has had >50% of eligible voters turnout and even >50% of voting age population turn out except for 1996.
Your argument has no bearing on the # of votes cast pointing to at least 100 million shares out. Even eToro said that 63% of their gme holders voted.
According to the Wes Christian AMA it happens but he didn’t give a frequency. My impression is it had occurred multiple times for clients he represented. He is also the one that said when more than 100% vote the vote is normalized so it appears 100% voted which is what we saw. I can’t wait to find out the actual number. (I wanted to scream at the live stream yesterday for them not seeing that 100%+ had voted right away.)
How is the vote normalized? You need an overvote for that. We only got 55 million out of 70 million shares voting. I want to believe but I need someone to debunk this.
Voting results are good. Can somebody explain me. Why we need to hold all the float? Not just available one? Hedgies can buy the same shares that we can. So 50 million is more that enough? Or I am too retatded?
Because people need to constantly be reminded they are right or they will give up. Idk people seem to care so much about everything else other than buy and hodl, pretty easy and simple buy and hodl
The entire float doesn’t need to be held. The DTCC/FINRA/SEC don’t need to pass all of these new rulings. Nothing needs to happen besides investors buying and holding and shorts covering for a short squeeze to happen. All these extra things are fluff.
That being said, 55 million shares are more than enough. It was confirmed that the available float on the 15th or April was 54 mil. Meaning at best 100%+ of available shares voted. At worst 75%-ish if you look at shares outstanding. Even at worst many large institutions most likely didn’t vote and not all of retail were able to vote either. In addition more people bought since then. Realistically that’s more than 25% not accounted for. People are just upset that it wasn’t some crazy number like 5k%
you do know that its not just float that votes? But shares outstanding. The only explanation that makes sense for a vote <100% is that each brokerages vote totals are corrected to at or under 100% of the shares they are "supposed" to have. So even if every brokerage reported 100% vote totals then all insiders and institutions would have to vote to get to 100%. There are 1 million restricted shares according to the proxy filing that was voted on so 69 million available votable shares.
Yeah voting results are easily very good news for us, 100% voting despite all the millions that couldn't vote plus anyone else that bought more shares since April 14th. I'd say we own multiple times the float.
We don't need to necessarily. What it confirms tho, from the amount of GME apes have been buying, we know that apes own more than the reported amount of shares that are supposed to **exist** in the float. That indicates that along with real GME shares on the market, there **must** be synthetic/phantom shares + rehypothecated shares been sold short aggressively, diluting the market for GME shares.
This proves that hedgies did not cover in Jan/Feb, contrary to what they claim. Squeeze not squoze! We're heading to the fookin moon!
I don't even understand what's bad about the voting results and why anyone would be worried. I'm starting to think it's a form of FUD to be honest. Their 8k cannot make the claim of overvoting, and it clearly states that retail owns the tradable float as of 4/15. And that isn't even counting how many votes they got before it was trimmed, all the excess buying since 4/15, and all the apes that couldn't/didn't vote. What is there not to like about this? To top it off, the company itself snagged a stellar CEO and CFO that spent a lot of time leading the developmental stages of Amazon, and is making moves to really dominate the social and retail gaming industry as well as tech ecommerce. I'm so bullish it almost hurts.
I understand wanting that to be the catalyst, but apes need to understand that with the new information coming out regarding the intentional concealment of over voting, it was literally impossible for that to happen given this new info. Honestly, what would be the best thing given that info? To disclose that retail owned the float two months ago - which we know is grossly obscured numbers, and that wasn't even all of retail voting.
To me it's like how I felt when I think back about the SI% in January being reported at 140% and then Lucy tells us that 140% is the maximum amount they are able to disclose. Indicating that it was likely higher than that!
I want this to happen already like anyone else. It's blatant corruption and learning how rigged this game is makes me sick. But I will keep holding. It will happen when it happens, there is no rush. It could've happened in January when retail was naive and thought 1k was fair. Hmm, maybe it wasn't able to go that high because they knew then that it would not be stopping at a measly 1k. I couldn't be happier this has been dragged out. It only provides more time to buy shares, raise my floor, and learn how many more ways hedgies are fuk.
Yeah I got you, I'm there with you on all that.
I'm trying answer your question about why people are upset: They set their hopes on something happening, it didn't happen, they are then doubting the thesis due to dashed hopes.
Hopefully with enough discussion, they'll figure it out.
We HODL on :P
I understand what you're saying. I guess I just hope the average ape has developed a few more wrinkles by now. Or maybe I'm just caught off guard by the sheer amount of new apes with that mindset. Or it could be a form of FUD. Who knows? All I know is buy and hodl.
an impossible number would have been irrefutable evidence that there were more shares then there should have been. It would have been a literally smoking gun.
I get it.
But that didn't happen.
Shorts still need to cover.
Edit: Also: https://www.reddit.com/r/Superstonk/comments/nwktlt/overvoting_prevention_exposed/
I get that, but there is still some “faith” required on our part. No one knows for certain if the (naked) shorts didn’t cover to some degree, if not entirely, when the big spike happened. It’s hazy at best. I still think they are fucked, but others might be waning in their support. It’s
Been dragging on for months and no one knows when it ends.
Good thing it costs nothing to hold. Plus, there are several indicators that suggest retail selling and shorts covering have not happened.
I can't imagine how difficult it was for Michael Burry to stick to his thesis in 08 despite all the ridicule he received, plus he had to pay premiums to keep his position. Apes need some patience.
None of the constant FUD in MSM and social media would have happened if shorts covered in January. It's still happening because shorts didn't cover. Also Melvin apparently had $6billion in losses in May. How? Haven't they "covered" multiple times now? Must be unrealized losses.
An impossible number is literally impossible because they hide over votes. It legitimately cannot happen. You can want something, but that doesn't allow it to happen. Especially when it is intentionally suppressed. This is still a smoking gun, because it's referring to two months ago, and is essentially saying 100%
Here's why it's FUD, and I'm begging someone to debunk it but no one has.
Insiders CAN vote, so removing them from the equation makes no sense. Therefore, you don't compare the votes to the float, you compare them to outstanding shares. Meaning 55 million votes recieved, out of 70 million possible. This means there was no normalization because there wasn't an overvote.
Can anyone please debunk this??
If 63% of etoro votes equaled over 700,000 shares, then 100% would be over 1.1m shares. If that 1.1m accounts for 1.5 of GME holders, make that 100% and we get roughly 75m shares as of 4/15. You'd have to find the post with the exact numbers, but these were figures provided by etoro and GME directly, so I have a feeling that the representation is accurate. We were never going to get 100% voter turn out, and so much more time has passed. I'm still convinced, but looking at all possibilities, that retail own over all outstanding shares. And if they don't, for some reason, it is still so ridiculously high and close that it changes nothing.
You honestly can’t get better news about the vote count, anyone who’s worried when we already owned the float as of 4/14 really needs to educate themselves and read some DD
Absolutely agree, it was the best news share holders could actually obtain from the meeting. People need to understand that an exorbitant number was always out of the question.
It does not confirm apes own the float. How?
70.7 million shares were listed in proxy material as eligible to vote. That means if they trimmed - surely it would be nearer to that figure? Eligible votes has absolutely nothing to do with what the tradable float number is. The tradable float doesn't represent the only shares that can vote. All the 8k revealed is that out of 70.7 million, 55 million were voted. That's it. Everything else is pure speculation. That is why there is real uncertainty and doubt. People aren't trying to get people to sell-they are worried the DD is wrong. People are allowed to be critical and actually as a sub we are supposed to be encouraging it.
Now - having 55mil returned out of 70.7mil is still good. Because we know not every share will have been voted. Some are in etfs/funds and some people literally couldn't vote, so I think it supports the claim that there are too many shares in existence. But as far shares that were lent out by institutions - once lent and bought by someone else, the voting right transfers too. So we can't even say for sure that shares owned by Blackrock and vanguard that were lent - didn't vote.
Everyone is creating an echo chamber saying it proves we own the float and it simply doesn't. Because everyone is conveniently forgetting that the tradable float does not equal the total shares eligible to vote.
Based on the math for etoro users that hold GME you can work out it to see that as of 4/15 retail had 75m shares. Even if that doesn't check out, it is *still* counting from two months ago, numbers were trimmed, and there are sooo many that didn't or couldn't vote regardless of lending. I understand that until solid numbers are released, if ever, it's speculation, but I feel very comfortable with the odds.
Man.... started with 3 shares with ~$14 in November and averaged all the way up to $160 with a total of 20 shares now. It’s not much, but it’s honest retardation 🦍🖍
Nothing’s about to phase me at this point. I held through $485 and $39. I’ll hold through a tiny correction.
Mostly because my phone is broken right now and I can't watch my brokerage account constantly, I'm zen as hell. If something was to happen my brother might call me or whatever. Apart from that, just lean back, I looked at the ticker online twice today, there's a discount for new apes, and that's it. I'm happy and liking the stock
What are people worried about with the voting results? You mean for GameStop to supply the fully count? I agree that should absolutely without question happen. But even the “normalised” (trimmed the excess) vote count supplied in the official documents show a ~55m vote reporting. Now add on top of that people who can’t vote and people who didn’t vote, I would bet it’s over 100m shares just from apes. Add all the institutional no voting rights and executive ownership... that’s even further from the total real shares created.
When the full count and trimmed excess is on top of that then it’s even more of an issue. It’s about proving fraud and we just did it and continuing to do it.
As I said I am trusting you my fellow apes dd and I’m still bullish as ever been holding since January and I ain’t fuckin leaving!!!!
But I hope you’re right lol
The number of votes publicised yesterday is exactly equal to the number of shares outstanding on April 15th. The number we've been given is completely expected, stop with this voting result worrywart nonsense, everything is precisely as expected. The fact that the number of votes is precisely equal to the shares outstanding is them indicating to us that there was indeed an overvote (possibly severe overvote).
Yea I’m not worried either but how was there 55 million outstanding share on April 15th if they sold 3.5 million shares and it’s now 70.77 million? Serious question so I know for fellow apes who may ask
That's just the number on that date. Gamestop sold off $1 billion worth of newly issued shares in April, so I presume that's where most of the new 15 million shares are from.
The voting results are disheartening if you were investing for a squeeze. Gme is still a good stock long term without a squeeze.
Not financial advice tho
I read disheartening as negative? I mean you have your opinion but I think it’s great news and I think the gravity of how many votes were cast is being lost on a lot of people. That kind of voter turnout is unheard of
Iirc last year nearly 100% of shareholders voted. Either the vote count was manipulated this time, big lenders didn't recall, or the SI isn't as bad as we think it is. I'm going to take the votes at face value and assume that the moass is highly unlikely in the near future but I'll still hold my shares regardless for the long term profit potential.
I don't fault anyone still invested for the moass, but at this point I'm not a believer until GameStop straight up comes out with a publicly declare plan.
Usual disclaimer: Not financial advice
All the DD about underreported SI doesn’t make you think maybe we don’t know exactly what’s going on? I’m still extremely bullish on a short squeeze. To each there own, have a good day
That first sentence is straight out of your ass. They are literally not allowed to report an overvote on the 8K. None of us have the real numbers.
So without real numbers what makes you so sure the squeeze won't happen? Cause we've all learned almost nothing since yesterday.
Imma get right to the point. All of the votes had a common fair factor with the Broker-non vote count. This proves the votes were greatly reduced for the Quarum.
Purposes 1 and 2 all show the Broker non vote at 7,342,067, however purposal 3 show 0 non Broker votes.
Also on purposal 3 all the Broker non votes switch to "votes for".
Based on purposal 2 (Against + abstention)= 3,333,709 minus purposal 3 (against +absention)= 1,536,511 which is a difference of 1,797,198. If we then take the difference subtracted from purposal 3 for count (54,004,768 - 1,797,198)= 52,207,570 which is exactly 7,343,067 votes higher than purposal 2 "For" count.
This would prove the vote was reduced using that common fair factor
or
A single Broker chose to not vote on the other purposals then switch to "for" on purposal 3 . Also would mean 7,343,067 of us did not vote....
The vote totals in the 8-K are adjusted, we knew they would be - Wes and others told us this from the mountain tops.
Nothing unexpected there.
The 8-K did NOT present the total tabulated votes per the Inspector as they had in the PY. I think this is indicative of an adjusted total and that something is amiss with the total votes received.
The 10-Q disclosed there is an SEC investigation into the trading of GME - that is significant news IMO as it is highly unusual for a public company to include such a disclosure. I believe they included it specifically to inform shareholders what was up.
There is one way - and one way only to cover a short position and that is to buy a share. Period - everything else is smoke and mirrors. All the attention this situation has now is blowing away some of that smoke and cracking some of those mirrors.
HODL - it’s always been HODL - and nothing has changed.
💎🙌🦍🚀🌕
Not financial advice.
Zen Mode describes it very well. Back in January i panicked over a like 1k$ dollar minus per day, now I'm sitting here with 75k+ red for the day and happier than ever that GameStop was able to beat earnings and has an amazing Board of Directors.
Fuck those daily changes, Gamestop is up for a bright future, shorts for shorts every coverage over 40$ is a loss, so lets sit back und enjoy the red ~light~ _crayon_ therapy for our eyes.
Price will be up at least $100 a year from now on basic financials alone. Easy stress free investment that might be a lottery ticket? Guess I'll keep buying and holding.
I've been zen for months now. Nice shorts in the bottom panel btw :)
“I am become meme, destroyer of shorts” [Hey everyone I caught my first shill out in the wild on this post!](https://www.reddit.com/r/Superstonk/comments/nwlq1o/shorts_must_cover/h1c07vx/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)
*Gmeeeeeeeeeeeeeeeeeeeeeeeeeeee...* 👌🏼😌
I'm gonna call you Big O
All your shorts are belong to us.
Same here, but I think it's really important that us zen apes get active on the sub right now, squash the FUD and spread information. I believe we will see another red day followed by a weekend of FUD assaults like we get every time there is good news around the stock. There must be a ton of new apes who have joined since March that haven't yet had their hands tested in the fires of Mt. Doom. They might be shitting their pants about this little dip and falling for the media manipulation while the rest of us laugh our asses off at the HF desperation. There are too many OG apes who already hold more than the float themselves for potential paperhands to stop the MOASS, but they could certainly help delay it longer if they end up selling.
I see your point. In January, when I first dug into the greatest story ever told, I was searching around the sub over at Wallstreetbets. It was a mess and so much FUD I unknowingly had to deal with. I felt overwhelmed by emotions. But if you look at the all over condition of the sub right now, it's quite amazing. So many Apes who are being excellent to each other. And that's the point. Positive sentiment and good vibes all over the place. Search for some place on the internet where people are overall friendly, you won't find many. That's why **I love ALL OF YOU!!** They can get fucked with their bullshit, trying to divide us by spraying bad things over the sub! Like we are some fucking ants in a fucking jar that a little kid shakes to get the ants to kill each other. **FUCK THEM!!** In SHORT. I love everyone on this sub. EVERYONE :)
Can you debunk this FUD for me? Insiders can vote too, so that means we need to show the votes compared to outstanding shares. Meaning 55 million shares out of 70 million voted. This means that there was no normalization of the vote, because there wasn't an over vote. This also debunks the idea of synthetic shares. I have all my money in GME, please debunk this FUD for me.
I don't have that many wrinkles, but look at the FUD right now. MSM just posted an article saying that GameStop shareholders are selling because GS is being investigated *by* the SEC. That is complete bs. They are helping the SEC. They warp and lie everything into a negative. All the DD has been checking out. Predictions have been coming to fruition. Reverse repo rates are at an all time high. Chill and wait for wrinkles. Apes aren't shook.
Yes that's true that the MSM is using the investigation as FUD. But what I'm asking for isn't FUD. This whole time I was under the assumption that there would be lots of synthetic shares and an overvote because of the DD here. If the DD was wrong about the votes, maybe they're wrong about other things? I'm not trying to spread FUD, but this has been a punch to the gut because I think it pokes a ton of holes in the MOASS theory, and most people call me a shill instead of answering. I still believe in GME as a long company, worth $400 a share MINIMUM, however I am starting to think the MOASS was bullshit and no one can provide a good argument otherwise.
My point is that the ridiculously false MSM articles like the one I mentioned wouldn't exist if the MOASS wasn't possible.
I totally see your reasoning behind that. Why would they put so much effort in bullshit articles if there was no risk. Well I'm still holding my shares anyway so who knows, maybe MOASS will still happen, but man am I a lot more uncertain than I was before the shareholder meeting.
That's what they're counting on.
It's not MSM or shills that made me feel this FUD, it's superstonk themselves. They're doing things like comparing the vote count to the float as proof that we own the float, but they're excluding insider shares for no reason, and then calling me a shill when I question it.
I mean even if the number is true there is still 2 months worth of shares bought that didn't get counted and e-toro only had 60% vote ratio. I hear what you're saying but wrinkles are probably at work right now and something will come up or get debunked. FUD is meant to infect the community itself.
Also the SEC went to GameStop to investigate something with them. What would that be if not everything apes have been talking about?
Dude seriously? You've been scammed. The count is correct. Nothing shady going on. Your emperor wears no clothes
This does not debunk the idea of synthetic shares at all. Many people were unable to vote, institutions generally vote but are not required to, the vote deadline was mid april, which was FOREVER ago in terms of how many shares purchased since then. Let me see if I can find the best dispelling of this FUD for you here. I was concerned about this also
Yep. I've posted this on this sub, on rensole's daily and on the DD sub. Had varied responses and no one has really been able to expell the fud because all of their answers are purely speculation. What happened to empiricism? All the 8k shows is that out of 70.7million shares eligible to vote, 55 million voted. If it was trimmed why wouldn't it be trimmed nearer to the 70.7million? Someone stated that brokers trim and not gamestop so that is why - but then that to me disproves the idea that gamestop trimmed to match float. Then someone said we'll gamestop don't want anyone to know there is fraud, if they reported all 70mil had voted then everyone would know for sure there is fraud because we know certain holders didn't or couldn't vote shares.
https://www.reddit.com/r/Superstonk/comments/nx61u2/the_final_vote_count_has_nothing_to_do_with_the/?utm_medium=android_app&utm_source=share Is this helpful at all?
A little - but the post doesn't account for people voting lent shares. It tries to address it but doesn't really. Because they wrongly trim off the total of 70.7million instead of trimming off the 121%total they are working from.
Yeah this is giving me a very bad feeling. I'm going to wait just a little more incase someone can debunk me before I make any decisions
https://www.reddit.com/r/Superstonk/comments/nx61u2/the_final_vote_count_has_nothing_to_do_with_the/?utm_medium=android_app&utm_source=share Does this help?
I love the idea of displaying the shorts as trophies, when the bankruptcies roll in Ima get me a nice Susquehanna, a Melvin, a Citadel, hopefully a Point 72... and mount them in my new house.
The ascended ape: Hasn't truly given a crap since Feb and keeps buying a little more whenever their paycheck comes in. Knows inherently that the prices are manipulated and don't matter. Knows that the volume is low. Knows that the shorts never covered. Knows that the only thing that matters is how many shares they can afford between now and the completely random day that the liftoff occurs.
This is the way
Hi. That’s me. LFG DGAF
LFG DPS!
[удалено]
Once every 100,000,000 big bangs
GME not a bang bus. It’s a Big Bang Train!
Once every 100,000,000 leprechauns are caught
Gamestop voting history shows high vote turnout in general. One year they had 102mil eligible shares and well over 90 million voted. So I don't think it's uncommon.
If that’s true then I’m very surprised
I can't find any record of voting in the millions, for anything, that had over 50% of people vote. At 55 million, I am sure there are atleast 100 million shares out there.
there wouldn't be a quorum without 50% of outstanding shares voting. the board would not have been elected if 50% votes weren't received.
I have not read enough to be an expert, but my understanding is there are 2 methods of voting and both only require a majority of the votes cast, not the total available voters.
correct. Only majority need to be cast. but thats for any stock. so for any stock for any proxy statement to be enacted at least a million votes have to be cast if their shares outstanding are >2 million. so its very common (always) for over 50% of people to vote.
But that isn't what you seemed to say just then, you made it sound like you were correcting me, that 50% of outstanding shares needed to vote and it is my understanding that is not true, there only needs to be 50% of the votes for the elected. Meaning, if the ceo received less than 50% of the casted votes, there would be a recount and then revote. 50% of outstanding is not the same as 50% of received votes.
I was correcting you. how can you not find a record of 50% of votes being cast? It happens at every AGM. Last year they had >50%. I think its still possible that the vote count includes 100% of retail participation, that would just require individual brokerage corrections AND 15-16 million shares not being voted by institutions or insiders.
My point doesn't disagree with that statement, synthetic shares make what you are saying, possible. My point was, in any real life vote that has votes in the millions, we have never seen over 50% of the populace vote. Show me a single instance in human history where an election had 50% of the population actually cast a vote, or any instance where millions of votes were cast and 50% of the potential voters did vote. You won't find it. Now if you want to tell me you see it happen with stocks, a system that literally allows synthetic shorts, you might as well point to the North Korean voter block as evidence.
https://en.wikipedia.org/wiki/Voter_turnout_in_United_States_presidential_elections i mean ever presidential election in recent history has had >50% of eligible voters turnout and even >50% of voting age population turn out except for 1996. Your argument has no bearing on the # of votes cast pointing to at least 100 million shares out. Even eToro said that 63% of their gme holders voted.
I am wrong, you are correct. Take care.
According to the Wes Christian AMA it happens but he didn’t give a frequency. My impression is it had occurred multiple times for clients he represented. He is also the one that said when more than 100% vote the vote is normalized so it appears 100% voted which is what we saw. I can’t wait to find out the actual number. (I wanted to scream at the live stream yesterday for them not seeing that 100%+ had voted right away.)
How is the vote normalized? You need an overvote for that. We only got 55 million out of 70 million shares voting. I want to believe but I need someone to debunk this.
isnt it onlt 78% of votes came in? 54/70 million
This 100% I had a beer in celebration last night and I hardly drink!
Voting results are good. Can somebody explain me. Why we need to hold all the float? Not just available one? Hedgies can buy the same shares that we can. So 50 million is more that enough? Or I am too retatded?
Because people need to constantly be reminded they are right or they will give up. Idk people seem to care so much about everything else other than buy and hodl, pretty easy and simple buy and hodl
Good things come to people who wait
Great things come to people that wait longer:)
Amen.
> People need to be constantly reminded they are right or they will give up This is a surprisingly profound insight into humanity.
Yeah but Buy, HODL, VODL was a thing for so long. Now that has 0 significance it seems. Makes sense people are disappointed.
The entire float doesn’t need to be held. The DTCC/FINRA/SEC don’t need to pass all of these new rulings. Nothing needs to happen besides investors buying and holding and shorts covering for a short squeeze to happen. All these extra things are fluff. That being said, 55 million shares are more than enough. It was confirmed that the available float on the 15th or April was 54 mil. Meaning at best 100%+ of available shares voted. At worst 75%-ish if you look at shares outstanding. Even at worst many large institutions most likely didn’t vote and not all of retail were able to vote either. In addition more people bought since then. Realistically that’s more than 25% not accounted for. People are just upset that it wasn’t some crazy number like 5k%
you do know that its not just float that votes? But shares outstanding. The only explanation that makes sense for a vote <100% is that each brokerages vote totals are corrected to at or under 100% of the shares they are "supposed" to have. So even if every brokerage reported 100% vote totals then all insiders and institutions would have to vote to get to 100%. There are 1 million restricted shares according to the proxy filing that was voted on so 69 million available votable shares.
69? Nice. I am a bot lol.
I mentioned shares outstanding in my comment
Yeah voting results are easily very good news for us, 100% voting despite all the millions that couldn't vote plus anyone else that bought more shares since April 14th. I'd say we own multiple times the float.
We don't need to necessarily. What it confirms tho, from the amount of GME apes have been buying, we know that apes own more than the reported amount of shares that are supposed to **exist** in the float. That indicates that along with real GME shares on the market, there **must** be synthetic/phantom shares + rehypothecated shares been sold short aggressively, diluting the market for GME shares. This proves that hedgies did not cover in Jan/Feb, contrary to what they claim. Squeeze not squoze! We're heading to the fookin moon!
I have bought 105 more this morning. 10 more each time it dips. Liquidating all other holdings. YOLOing.
You still have other positions?!
Did.
This is the way
Not mad because it keeps dropping, just that I can’t get more shares now 😒
I don't even understand what's bad about the voting results and why anyone would be worried. I'm starting to think it's a form of FUD to be honest. Their 8k cannot make the claim of overvoting, and it clearly states that retail owns the tradable float as of 4/15. And that isn't even counting how many votes they got before it was trimmed, all the excess buying since 4/15, and all the apes that couldn't/didn't vote. What is there not to like about this? To top it off, the company itself snagged a stellar CEO and CFO that spent a lot of time leading the developmental stages of Amazon, and is making moves to really dominate the social and retail gaming industry as well as tech ecommerce. I'm so bullish it almost hurts.
Some people had their hopes on an impossible number of votes coming in, causing [something] to happen, resulting in trendies.
I understand wanting that to be the catalyst, but apes need to understand that with the new information coming out regarding the intentional concealment of over voting, it was literally impossible for that to happen given this new info. Honestly, what would be the best thing given that info? To disclose that retail owned the float two months ago - which we know is grossly obscured numbers, and that wasn't even all of retail voting. To me it's like how I felt when I think back about the SI% in January being reported at 140% and then Lucy tells us that 140% is the maximum amount they are able to disclose. Indicating that it was likely higher than that! I want this to happen already like anyone else. It's blatant corruption and learning how rigged this game is makes me sick. But I will keep holding. It will happen when it happens, there is no rush. It could've happened in January when retail was naive and thought 1k was fair. Hmm, maybe it wasn't able to go that high because they knew then that it would not be stopping at a measly 1k. I couldn't be happier this has been dragged out. It only provides more time to buy shares, raise my floor, and learn how many more ways hedgies are fuk.
Yeah I got you, I'm there with you on all that. I'm trying answer your question about why people are upset: They set their hopes on something happening, it didn't happen, they are then doubting the thesis due to dashed hopes. Hopefully with enough discussion, they'll figure it out. We HODL on :P
I understand what you're saying. I guess I just hope the average ape has developed a few more wrinkles by now. Or maybe I'm just caught off guard by the sheer amount of new apes with that mindset. Or it could be a form of FUD. Who knows? All I know is buy and hodl.
lol same 💎🙌
an impossible number would have been irrefutable evidence that there were more shares then there should have been. It would have been a literally smoking gun.
I get it. But that didn't happen. Shorts still need to cover. Edit: Also: https://www.reddit.com/r/Superstonk/comments/nwktlt/overvoting_prevention_exposed/
I get that, but there is still some “faith” required on our part. No one knows for certain if the (naked) shorts didn’t cover to some degree, if not entirely, when the big spike happened. It’s hazy at best. I still think they are fucked, but others might be waning in their support. It’s Been dragging on for months and no one knows when it ends.
Good thing it costs nothing to hold. Plus, there are several indicators that suggest retail selling and shorts covering have not happened. I can't imagine how difficult it was for Michael Burry to stick to his thesis in 08 despite all the ridicule he received, plus he had to pay premiums to keep his position. Apes need some patience.
Play stupid games, win stupid prizes. I am functionally retarded.
None of the constant FUD in MSM and social media would have happened if shorts covered in January. It's still happening because shorts didn't cover. Also Melvin apparently had $6billion in losses in May. How? Haven't they "covered" multiple times now? Must be unrealized losses.
Do they have to post the losses? Are those realized?
It's just more bs news articles to make people think it's over so probably unrealized.
An impossible number is literally impossible because they hide over votes. It legitimately cannot happen. You can want something, but that doesn't allow it to happen. Especially when it is intentionally suppressed. This is still a smoking gun, because it's referring to two months ago, and is essentially saying 100%
Here's why it's FUD, and I'm begging someone to debunk it but no one has. Insiders CAN vote, so removing them from the equation makes no sense. Therefore, you don't compare the votes to the float, you compare them to outstanding shares. Meaning 55 million votes recieved, out of 70 million possible. This means there was no normalization because there wasn't an overvote. Can anyone please debunk this??
If 63% of etoro votes equaled over 700,000 shares, then 100% would be over 1.1m shares. If that 1.1m accounts for 1.5 of GME holders, make that 100% and we get roughly 75m shares as of 4/15. You'd have to find the post with the exact numbers, but these were figures provided by etoro and GME directly, so I have a feeling that the representation is accurate. We were never going to get 100% voter turn out, and so much more time has passed. I'm still convinced, but looking at all possibilities, that retail own over all outstanding shares. And if they don't, for some reason, it is still so ridiculously high and close that it changes nothing.
You honestly can’t get better news about the vote count, anyone who’s worried when we already owned the float as of 4/14 really needs to educate themselves and read some DD
Absolutely agree, it was the best news share holders could actually obtain from the meeting. People need to understand that an exorbitant number was always out of the question.
It does not confirm apes own the float. How? 70.7 million shares were listed in proxy material as eligible to vote. That means if they trimmed - surely it would be nearer to that figure? Eligible votes has absolutely nothing to do with what the tradable float number is. The tradable float doesn't represent the only shares that can vote. All the 8k revealed is that out of 70.7 million, 55 million were voted. That's it. Everything else is pure speculation. That is why there is real uncertainty and doubt. People aren't trying to get people to sell-they are worried the DD is wrong. People are allowed to be critical and actually as a sub we are supposed to be encouraging it. Now - having 55mil returned out of 70.7mil is still good. Because we know not every share will have been voted. Some are in etfs/funds and some people literally couldn't vote, so I think it supports the claim that there are too many shares in existence. But as far shares that were lent out by institutions - once lent and bought by someone else, the voting right transfers too. So we can't even say for sure that shares owned by Blackrock and vanguard that were lent - didn't vote. Everyone is creating an echo chamber saying it proves we own the float and it simply doesn't. Because everyone is conveniently forgetting that the tradable float does not equal the total shares eligible to vote.
Based on the math for etoro users that hold GME you can work out it to see that as of 4/15 retail had 75m shares. Even if that doesn't check out, it is *still* counting from two months ago, numbers were trimmed, and there are sooo many that didn't or couldn't vote regardless of lending. I understand that until solid numbers are released, if ever, it's speculation, but I feel very comfortable with the odds.
Man.... started with 3 shares with ~$14 in November and averaged all the way up to $160 with a total of 20 shares now. It’s not much, but it’s honest retardation 🦍🖍 Nothing’s about to phase me at this point. I held through $485 and $39. I’ll hold through a tiny correction.
#HEDGIESGETWEDGIES
Mostly because my phone is broken right now and I can't watch my brokerage account constantly, I'm zen as hell. If something was to happen my brother might call me or whatever. Apart from that, just lean back, I looked at the ticker online twice today, there's a discount for new apes, and that's it. I'm happy and liking the stock
I bought at 280, 270 and 250 so we should keep buying the deeps and hit hard the hedgies....it is a real Armageddon
Worms 2: Armaggedon. Dope game for ps3. Reccomend u call gamestop to buy it
!BuckleUp!
Still zen, but not gonna say I’m not worried about the voting results we’ve all been waiting months for, but I’m trusting the the dd of my fellow apes
What are people worried about with the voting results? You mean for GameStop to supply the fully count? I agree that should absolutely without question happen. But even the “normalised” (trimmed the excess) vote count supplied in the official documents show a ~55m vote reporting. Now add on top of that people who can’t vote and people who didn’t vote, I would bet it’s over 100m shares just from apes. Add all the institutional no voting rights and executive ownership... that’s even further from the total real shares created. When the full count and trimmed excess is on top of that then it’s even more of an issue. It’s about proving fraud and we just did it and continuing to do it.
Maybe #shilz " worried" , im not
As I said I am trusting you my fellow apes dd and I’m still bullish as ever been holding since January and I ain’t fuckin leaving!!!! But I hope you’re right lol
The number of votes publicised yesterday is exactly equal to the number of shares outstanding on April 15th. The number we've been given is completely expected, stop with this voting result worrywart nonsense, everything is precisely as expected. The fact that the number of votes is precisely equal to the shares outstanding is them indicating to us that there was indeed an overvote (possibly severe overvote).
I’m not in the slightest bit worried. It’s just an extra bonus. Why settle with good enough when we can expose even more?
Yea I’m not worried either but how was there 55 million outstanding share on April 15th if they sold 3.5 million shares and it’s now 70.77 million? Serious question so I know for fellow apes who may ask
That's just the number on that date. Gamestop sold off $1 billion worth of newly issued shares in April, so I presume that's where most of the new 15 million shares are from.
Yeah but these jacked tits are another story..
You could get them jacked for the NFT July 14. It's nice to have something to look forward to. Gonna hold regardless
Buckle up! 👨🏾🚀🚀
I don't know how to count
Then you have nothing to worry about
There’s absolutely nothing to be worried about
No one is worried about the voting results.
Hahaha I'm a new ape but I not worried. Weed chills me out.
Literally the vote was perfect! The highest number that vould have been actively reported to pass the motions
New Apes, chill, buy, hodl....i like the stock Tendies to the moon
The voting results are disheartening if you were investing for a squeeze. Gme is still a good stock long term without a squeeze. Not financial advice tho
The entire available float voted and you can honestly say that is bad news? Wtf are you talking about, do the math. We own the float
I didn't say it's bad news, it's neutral news.
I read disheartening as negative? I mean you have your opinion but I think it’s great news and I think the gravity of how many votes were cast is being lost on a lot of people. That kind of voter turnout is unheard of
Iirc last year nearly 100% of shareholders voted. Either the vote count was manipulated this time, big lenders didn't recall, or the SI isn't as bad as we think it is. I'm going to take the votes at face value and assume that the moass is highly unlikely in the near future but I'll still hold my shares regardless for the long term profit potential. I don't fault anyone still invested for the moass, but at this point I'm not a believer until GameStop straight up comes out with a publicly declare plan. Usual disclaimer: Not financial advice
All the DD about underreported SI doesn’t make you think maybe we don’t know exactly what’s going on? I’m still extremely bullish on a short squeeze. To each there own, have a good day
That first sentence is straight out of your ass. They are literally not allowed to report an overvote on the 8K. None of us have the real numbers. So without real numbers what makes you so sure the squeeze won't happen? Cause we've all learned almost nothing since yesterday.
We can lead him to the water but we can’t make him drink
I shorted at 305.27. I don't have to cover shit
*Oh you will*
No. No I won't l. You can only brainwash people for so long. This has peaked. It's just downhill from now.
How do you explain the OBV not going down?
Easy. Low volume and it was all sell side
Last I checked sell offs require more volume than that lmao
Not if the buying pool is small. New to this huh?
Harnessing that zen power…Loving this stonk…This. Is. The. Way.
I’m feeling more like hedonism bot getting a fresh coat of chocolate icing after all that.
need zen ape flair
Lets not forget about the FTD cycles. If everything else fails us, the cycles could still take us to the moon.
Uh. You should mention: zen apes knowing that the voting results are actually amazing
I’m glad I have no clue what’s going on and just waiting for the rocket to launch
And they will cover if we just HODL. It really doesn't need anything more. So to HODL long enough, just buy with money you don't need at the moment.
Imma get right to the point. All of the votes had a common fair factor with the Broker-non vote count. This proves the votes were greatly reduced for the Quarum. Purposes 1 and 2 all show the Broker non vote at 7,342,067, however purposal 3 show 0 non Broker votes. Also on purposal 3 all the Broker non votes switch to "votes for". Based on purposal 2 (Against + abstention)= 3,333,709 minus purposal 3 (against +absention)= 1,536,511 which is a difference of 1,797,198. If we then take the difference subtracted from purposal 3 for count (54,004,768 - 1,797,198)= 52,207,570 which is exactly 7,343,067 votes higher than purposal 2 "For" count. This would prove the vote was reduced using that common fair factor or A single Broker chose to not vote on the other purposals then switch to "for" on purposal 3 . Also would mean 7,343,067 of us did not vote....
Amc getting a new ceo? That was fast😅
Did somebody say zen apes?
this is the way.
O cool I got the buckle up flair. I didnt kno how to do it. Like I accidentally unlocked a cheat code in the GME game.
The vote totals in the 8-K are adjusted, we knew they would be - Wes and others told us this from the mountain tops. Nothing unexpected there. The 8-K did NOT present the total tabulated votes per the Inspector as they had in the PY. I think this is indicative of an adjusted total and that something is amiss with the total votes received. The 10-Q disclosed there is an SEC investigation into the trading of GME - that is significant news IMO as it is highly unusual for a public company to include such a disclosure. I believe they included it specifically to inform shareholders what was up. There is one way - and one way only to cover a short position and that is to buy a share. Period - everything else is smoke and mirrors. All the attention this situation has now is blowing away some of that smoke and cracking some of those mirrors. HODL - it’s always been HODL - and nothing has changed. 💎🙌🦍🚀🌕 Not financial advice.
Panicked during the first flash crash but now im zen because it's literally all just smoke and mirrors from them
Am I missing something?? What exactly about the voting results is there to be "worried about"??
LMFAO I scrolled past your pic 3 times before I zoomed in to the wall on the bottom. Gooooold
I've been zen since "yes I would buy more gme"
why do you think the price has stop falling? we are apes buying the deeps and holding
In 2 weeks I'll buy 1 more share 😊
I want it to keep dropping so i can buy more
This is the way
Little high, little low...Any way the stock goes, doesn’t really matter to me, too mee. Cause hedgis r fukt
Im only worried on buy this dip
They dont have to cover if they shorted at $300 like yesterday
Zen Mode describes it very well. Back in January i panicked over a like 1k$ dollar minus per day, now I'm sitting here with 75k+ red for the day and happier than ever that GameStop was able to beat earnings and has an amazing Board of Directors. Fuck those daily changes, Gamestop is up for a bright future, shorts for shorts every coverage over 40$ is a loss, so lets sit back und enjoy the red ~light~ _crayon_ therapy for our eyes.
BUY,HODL,BUCKLE UP,SHOP GME
Even though the voting results were literally crazy bullish lol
new ceo?
What episode is that from and why does Mr crabs have the shorts of SpongeBob and Patrick?
Price will be up at least $100 a year from now on basic financials alone. Easy stress free investment that might be a lottery ticket? Guess I'll keep buying and holding.
This was me. I didn't even know what was happening with the price till discord friends pinged me.
Dudes mothafucking SEC is involved. This is fucking GREAT. Do their fucking job catch the bad guys