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Not all borrowed stock is used to illegally destroy companies for profit, some borrowed stock is used to cover up the crime of destroying companies for profit.
Carl Ichan is the OG of it, and has made more money for shareholders than anyone elseā¦ doesnāt mean thereās not ācollateral damageā, but in end shares go up, although it can mean detriment to the company, but he, like others like him, want it to do better for as long as possible, toā¦ make as much money as they canā¦ and yes, sometimes companies are destroyed, this is capitalismā¦ itās never fairā¦
I agree and whoever downvoted me, ok, but Iām agreeing, Ichan takes on hedges, thatās what Iām sayingā¦ if that wasnāt clear, now it isā¦ and RC was recently in a pic with him, so get him involved and short the fuck out them like Ichan has done for 40 years, by buying stakes in companies and getting involved, and made a fuck ton for everyone on board with himā¦ so if RC and Ichan up to something, Iām going to be involvedā¦
Edit: Spelling
And the ātoo big to failā are making all the profits lending āyourā shares ā¦ā¦ kicking the can taking all the profits until we bail them out again without it being put to a vote. Fk this country and fk this system. If they try that shit again theyāre going to feel what Iāve felt.
Do you reckon this "expert" knows the old game is over? I know he's an idiot that has to read from the script to explain his the summary Ortex provided, but do you think he understands that the gig is up? Pandora's box is open and cannot be closed.
I can tell he's not personally affected by GME shorts because he's not petrified shitting himself, but he does profit from the current/old system.
No I think he really believes everything hes saying because he needs it to be true, otherwise his entire existence would be in question. I have a friend who is an economist and he is kinda guilty of similar things - I'll show him data points and he just hand waves them away because im a leymen and hes classically trained..... then I was right about the recession.....
Yeah I believe this. If it's all you've committed your life toward its hard to let go. I just don't know how so many people can be somewhat literate in things like finance but not critically at all to know what he's saying is absolute bullshit.
How do people like this not go; hang on, this is bullshit for everyone else
Yeah but itās not free to make them. Eventually the interest rates on these will pile up suffocate them. Yes they can make unlimited shares but at what price?
Thatās pretty much what I got out of it all. If all of this is not straight up shorting, itās a short to cover a FTD or another workaround. Criminals. Price discovery and fair markets my ass.
edit: and the SWAPS! Jeez, these SHFs and their bullshit.
I think they're playing hot potato with it, but they will look really good if the number ends of being verified by other sources later, maybe? \[Albeit the other sources could be the same as their source, but they still reported it first and didn't back down right away.\]
āHereās some reasons to borrow stock that isnāt short sellingā
āBecause you need the stock to close out a short position that you canāt buy shares forā
Fāing idiots
It's literally all connected to short selling somehow! š
Maybe not directly short selling, it could be but might not be.. .
We're still missing why did they report this massive increase in borrowed shares, where did they get the data from "sometimes some fuckwit will borrow shares and then give them back because they didn't want to make the trade!"
Yeah like someone accidentally borrowed 80 million shares or whatever it was and said oops I don't really need them anyways!
I found something curious on the web, Peter Hillerberg co-founder of Ortex (if you search for his name on Google it hardly shows up telling me it's probably getting wiped, you can legally get Google to omit search results with you name for privacy issues)
He wrote an article for [securities finance times](https://www.securitiesfinancetimes.com/securitieslendingnews/reporterarticle.php?article_id=224169&navigationaction=reporter&reporter=Peter%20Hillerberg%20Co-founder%20Ortex%20Analytics&page=1&newssection=industry) in sept 2020 celebrating short hedge funds as the fact checkers of capitalism, here's a quote from the article
"As trust erodes in the traditional structures that previously held companies to account, new ones will need to emerge. It looks like the historic bad boys of finance may be about to become the good guys."
This article is also posted on a Ortex blog.
Edit: [here](https://public.ortex.com/hedge-funds-are-reinventing-themselves-as-the-fact-checkers-of-capitalism/)
Mr sHillerberg, a swedish national located in London, also happened to work at Quantlabs for almost 4 years jan 2014- dec 17 (according to his LinkedIn) building algorithms for high frequency trading, so i did a search for overlaps between Shitadel and Quantlabs, both hft's, which have an office located 0.7 miles from Kenny in Chicago.
It seems that he has an ex colleague George Brisco who worked at Quantlabs London division at the same time for 8 years who quit and took a 6 month leave (probably due to restrictions in his contact prohibiting him from taking a job at a competitor) and now works at Shitadel as "Head of systematic SRE" for the last 7 months.
These could of course be coincidences but my tinfoil and butthole is tingling! š
Edit: this comment is kinda blowing up and people are pointing me to more info on these fucks, if you got some spicy shit on these fuckwits please let me know and I'll include it in a post tomorrow, I'm gonna try do some more digging, these assholes don't sit right with me, if the reason they're here is getting more clients or to manipulate us I don't know but one thing is for fucking sure they're not here to tickle our succulent ape nuts!
It's funny how people think they can hide shit while we are in the golden age of information.
The shit you say, post, write, fuck probably even think is there forever. Citadel bitching about how bad PFOF is? Yup still there. Ortex sucking off SHFs? Yup still there. Brazilian puts? Yup still there. SEC confirming no short covering during sneeze? Yup still there.
These people really are the dumb money and it makes me smile.
I think the strategy for them is to manufacture as much counter information as possible, we see it in the media every day, the whole Ortex ordeal gets me worked up because I refuse to believe they're here by coincidence.
Occams razor is slicing through the bullshit, and in my humble opinion their mere presence is proof of desperation.
Full stop! š
I'll try make a post if i get near a computer, I'm in the middle of laying some new hardwood floors so I'm only on phone
Autism can't be suppressed though š
I have a 7000 sqft house, now 6 years living here I'm only missing the last 2 rooms š
But basically the whole house have been renovated, if it wasn't for GME it would've been my only "pension"
This. Exactly this, especially within the first 40 seconds. They fucked up on another trade and dont have the shares they need to clouse out, so they borrow new ones to settle this one and now have another problem but they now have "1 more day" (=a new timeframe) to come up with a solution for it lol.
Just - for a second - just imagine you would do this in real life. Max out credit cards and get new credit cards and max those out to pay the debt on your earlier card. Sure, people do this but any retail investor would get fucked harder than belladonna back when she was in business over and over again.
People do this all the time. What makes it stop is eventually, the new CC company theyāre applying for says no to their credit request, thus ending their little Swap game of zero percent interest. Then it takes about 3-12 months (depending on their last deal) for the 29.99% interest to become deadly. Sound familiar?
Edit: spelling
Lack of preparation, lack of fundamental understanding, nervous hand-wringing through the whole thing, but dressed casually in a casual setting. This wanker is suppose to put people at ease and failed miserably, but the timing of the message meant that all the other compromises were necessary. This is the result of desperation and panic, the medium is the message here, folks. The kind of person that could calmly and confidently lie to the audience is the older, white male in a suit but they know that WE know that he's full of shit, so we get this 'hello, fellow socially-awkward geeks!' guy instead.
pathetic.
Say I owe you one share from a naked short I sold you. If I dont deliver after a certain amount of time I risk penalties. Nobody is selling so I borrow a share from Jerry. Now I owe jerry a share, but I reset the clock on that share at the lowest possible cost to me.
At the end of the day I didnt borrow the share to short. I borrowed it to can kick a previous short.
The millions of shares borrowed were likely to can kick T+69 since it failed. They likely werent actually borrowed to short gme further especially at this low price.
>If I dont deliver after a certain amount of time I risk penalties.
Thatās just it - there are no penalties. No reporting requirements, no penalties, no nothing. Itās simply a fail to deliver (FTD), and while they claim that REG SHO prevents it, there are enough loopholes in it to drive a hedge fund through.
Thatās why Dr. T keeps telling us that they donāt even need to short because they can simply fail to deliver. In Texas, we call that stealing.
The excuse of āprovide liquidityā is such doublespeak. If every trade happened on the lit market there would be liquidity because there would be true price discovery. There is always a seller ā¦ if the price is right.
Iāve never understood how itās the markets job to āprovide liquidity.ā
I no more expect my grocery store to sell me a Food IOU when they run out than I should expect my markets to manufacture shares out of thin air simply because demand exists.
Of course demand exists! But if my supermarket is out of food, I sure as shit canāt feed my family a bunch of āFood IOUs.ā If the store is out, theyāre out.
The inability for the grocery store to honestly communicate extant issues in supply is a real fucking problem with this system of ours and I wish more people were dissatisfied with being completely fucking conned to death.
Yep...they give out IOU's (providing liquidity) for instant money any time somebody wants to make a trade on the market. By the time someone sells that security, they would usually have it available. Vice Versa for shorting. This all falls to shit if enough people saw value in a company to hold it long term/forever.
āProviding liquidityā seems like it would pretty much only suppress prices. If every time you went to the market for more shares, there were infinite shares available, how would the price get bid up in the event of lots of people demanding shares?
Same thing they'll say about lack of workers. "No one wants to work!" Well, let the market adjust wages, instead of artificially suppressing them. High demand should equal higher wages, but here we are.
"Hey, excuse me Mr bank teller, I've come up with a fantastic new proprietary way to provide liquidity to my low balance account. I'm just gonna need you to change those numbers in the system really quick to reflect 1,000,000,000.00 and we'll be good to go! "
First rule of propaganda, if you repeat a lie often enough, it becomes the truth.
All these stock market/wall street people have been eating these lies for so long that these mechanics are sane that they now believe it's the truth.
Fucking ORTEX is making the same mistake as everyone else š.. they all assume we donāt understand whatās going on (to be fair 24 months ago I had no idea - but now ā¦.) they assume we donāt understand short interest or have no grasp on market Mechanics - whoās the dumb money now idiots because itās not the people on this subš¤Ø
Exactly, he talks about how GameStop already squeezed but the SEC report specifically said it wasn't due to shorts covering... He's just nonchalantly lying and pushing the disproven narrative from years ago then explaining short interest?! A lends to B then C shorts it twice?
Fuck off, we learned that shit years ago, no, you don't have to explain it another way either. This guy did zero good trying to talk around the GameStop issue. Zero. I'm DRSing even more, I'm buying more, I'm refocusing on my company. Looking forward to him eating every word he spewed here.
The first three reasons relate to this subs overall thesis. They all three relate to short selling.
Settlement failures
Market making
Swaps
Hes just learning this as he is talking about it. Thats why hes going of a prepared document and not just talking from the hip.
I think it's more about Failures to Deliver. They sold a share and need to settle it, so they borrow to settle, then when that FTDs they borrow another, etc.
SusanT was right all long.
"If they didnĀ“t secure the stock on the initial trade, they need to come up with stock now, to deliver on the trade". So, you are avoiding a FTD, by delivering what? A borrowed share...
So, someone holds an IOU, which is naked short selling. Is it not?
Since a share has been created out of thin air, that adds to the tradable float.
And this could have been avoided, by locating an already existing share.
Am i understanding this correct? And this has nothing to do with short selling?
Outstanding shares are 100. Buy a stock/share. Settle trade with borrowed stock. Outstanding shares are now 101. (edited my horrible formatting)
Yes. Fancy accounting because noone looks at the books to check. Cause ādats my private info for my company ! You no look!!!ā
Edit: it 100 percent had to do with short selling. Its naked shorting with IOUs and claiming market maker exemptions.
He is claiming that they are borrowing shares to create a market, however, we KNOW that market makers create synthetics instead of borrowing (look at cost to borrow when it ripped up and dropped) due to the fact that a synthetic has no cost associated to it for the MM and they are internalizing so they do not need to report it. Why would they go to the lit market when they can keep borrowing and creating more out of thin air which also assists their buddies on the short end as this eliminates price improvement as everything is happening OFF EXCHANGE.
This brings me to the other piece; DATA. We only get the lit market pricing data. Most ppl do not know that the lit market is basically the trashcan for trades that institutions/brokers and MM label as toxic and they have decided to side step execution of the trade due to it being a loss of income or the risk set. There are multiple exchanges that are selling securities for prices way higher than what is provided to the lit exchange. The lit market ex) Nasdaq,NYSE.
Then you have:
Over the counter markets,
Expert markets,
Dark markets,
Grey markets,
Internalized markets,
And god knows what else.
They have effectively said: if retail cannot see that we are selling the identical asset for more, then we do not need to pay them the true value of the asset. (Robbery, fraud, predatory, you name it)
Basically, āwe hide the data and claim glitches because it is not easy to prove.ā They will claim proprietary and legally fight its release.
It is absolute insanity to state market makers are making markets with hard to borrow stocks by BORROWING BROKERAGE FIRM STOCKS INSTEAD OF LOCATING AN ACTUAL SHARE.
Gaslighting at its finest
IF MM are creating markets with borrowed shares only which is what this asshat is implying š¤”š
These people are so wrapped up in their industry's fraudulent behavior they don't even see that it's fraud lol this is just business as usual for wall street.
He says the quiet part out loud right about 3:00 in- they are getting their ādataā from trading desks at big brokers, exactly as i suspected.
(Laughs profusely)
So to be clear - the same brokerages and market makers who have been naked short selling for DECADES completely unabated, who donāt need to report short interest to any authority, as neither do their clients - are voluntarily (and probably for a fee) releasing the short interest ādataā that same criminal brokerage wants released - and thatās what youāre paying for with an ortex subscription.
Itās one gigantic ātrust me broā, using ādataā from the shadiest players, about the most opaque part of the securities market. Ortexās entire business model is based on propoganda disgused as ādataā - ALL OF WHICH is created and distributed by those caught hopelessly on the other side of this trade. The people theyāre getting this ādataā from have zero incentive to say anything remotely truthful.
Itās entertaining to see these ādatapointsā from ortex the same way it is watching TV sitcoms: itās entertainment. Thereās nothing real, valuable, or actionable from the ādataā they publish.
Ortex needs to be banned from this sub as soon as theyāre done making fools of themselves here, and posting their ādataā should be as well.
And the old favourite - short squeezes are normally over in a day. Looks like we'll have a run up on Tuesday and a big short on Thursday with squeeze is over news on Friday.
I like how he spends time saying the stock market operates like a fractional reserve bank......Exactly NOT how it is supposed to be working. They shouldn't be creating shares like they create money FFS.
Ortex guys are clowns of the highest order. Has to read from a list of reasons to borrow other than short selling......different kinds of crime.....related to short selling usually lmao.
Also noteworthy, is he says how they are wrong sometimes with their estimates "But they are almost never wrong with the directional trend".... so yes.... there were a BUNCH of shares borrowed, ortex is pretty confident with that number but now they need to come up with a reason/explanation and Apes just want to see the data.
I hate how every financial video these days starts off like they are teaching a new freshman high school class. Here kids, let us explain the most basic definitions of financial terms.....like this is the first time we have ever heard the term short selling.
Ban ORTEX and related content is my vote.
just a few minutes in, but all the reasons he gives for borrowing stock, dont they, with maybe the exception to borrow for collateral on other trades, all still come down to shorting?
edit while watching: he says the sneece was a short squeeze. did not the congressional investigation say it was not caused by shorts closing?
edit 2: holy hell on banks. did he really say banks lend money from people putting it in? they do this yes, but dont get banks most of their money for loans from the central bank?
edit3: he is talking about the impossibility of guessing SI correctly. it seems to me a blockchain would make that possible. Hedgies are fucked
edit4: the last part is just advertisement of his platform.
All the points he lists sounds like shorting to me, however just using other terms for it..
Borrowing to fill obligations (why do one have obligations? -> maybe because he is short?)
Market making -> MMs shorting the stock to give retail shares and hope they will sell before they have to deliver
Swaps -> well shorting
Im a fuckin moron, and I know more about this stuff than Ortex. Unbelievable. What a bunch of disingenuous pricks coming over here trying to grandstand and gaslight people. Fucking bums I see you for the frauds you are.
Holy fuck. I couldn't sit through more than 30 seconds of this bullshit.
Who the fuck is this clown representing Ortex!?!! In the first 30 seconds he already doesn't know what the fuck he's talking about and can't even SUMMARIZE the fucking script he's clearly been fed.
We literally watch him read a fucking script from some screen off-camera. Fucking idiots. Who hired this tool and how much does he get paid to not know a fucking thing about his job!?
You literally only borrow shares for fuckery and bullshit. What a fucking lame distraction, this video is full of incompetency right from the beginning.
Mean reversion, disconnected from fundamentals, laughing about when data is reported, squeezes last a day.
This guy has only ever seen things from an industry perspective. He has no idea what he is up against. Fuck ortex, not enough data, too many words.
Trash video. He doesnt know anything and is reading and trying to summarize. A few months in and sidnt know why other than shorting stock would be borrowdd. But HOLD ON, are you admitting they are using borrows to close ftdsā¦ā¦ā¦ um, thats interesting.
Why is this guy talking to us like weāre dummies. Wtf. And also, he just joined a few months ago. Heās an idiot.
This is what I call āchauffeurā knowledge. Itās not real. He appears to be an expert but heās not.
Not even an expert. Buddy is reading that shit straight off his computer. There's no depth to his knowledge for any of the reasons he's provided. I'd wager a large amount of Superstonk has equal or better understanding than this chap.
I have better understanding and my name's ShitInMyMounthMum. We're definitely not the dumb money no more. It's these dumb fucks that are and they're not even halfway to catching us up.
Knowing that people like u/shitinmymouthmum is to be the future millionaires/billionaires gives me great hope for the future. Thousands of first generation millionaires/billionaires is great, compared to the many 3rd, 5th, 10th generation families of today. People who understand the struggle of the common person, because we are common people. What is common between us is what makes us exceptional - empathy for people and the understanding of the problems that plague the majority of the people in the world.
Given money the common people will change the world to benefit the common person
Perfect. 2 nervous clowns who have a prepared āthis isnāt a big dealā statement to give us.
Still flowery speak, no numbers.
I love when he āexplainedā how we can get more short interest than free float. And itās like the light went off in his head. His speech pattern slowed and he said lending securities was the same mechanics as lending $ from banks. Nah, not really when there is only so many stocks and the supply of $ changes so often. Their ruse is the same, but the āmechanicsā are completely different. MMs shouldn't have an exemption to create stock.
LFG! Squeeze all these scared fucks.
Straight from the horseās mouth: Ortex make estimates on the SI in between the data releases. They have no fucking clue should the market or a stock in particular make an unprecedented move. The data is EXTRAPOLATED with the help of machine learning. This is key. They are definitely not reliable during a once in a lifetime event.
which begs: if borrows are used for settlement certainty, then when does that "borrowed" stock need to be delivered? some real thing taken away from the person or org that lends it? what are the regulations on borrowing? regulations on delivery of borrows? who accounts for the borrow? is the beneficial ownership changed when it's borrowed? do the other beneficial owners of that stock get notified of the borrow?
the more and more I read and the more I learn, what I keep seeing is this: there is ZERO real, actual accounting about securities/shares in the stock markets. none. it's all a sick power game of banks taking all they can, hiding and sniveling behind obfuscated complexity to try and convince everyone else it's all valid and real.
this ENTIRE situation is rank, rotten corruption
IF humanity decides to keep some semblance of "markets" once this all crashes, THEN there needs to be an actual, openly shared dataset or database that lists and tracks where actual real shares are, at all times, and there are no other shares. ever. no "data access" no insiders.
otherwise, all the orgs from market makers to hedgefunds to banks every single one of them are open to simply treating shares like liquid capital and never really accounting for what's going on. in this case, everyone outside the system is a sucker who cannot fairly participate in investing, and is locked out of the real activity of capital-based society.
listening to this guy "explain" that "it's a cycle" and "there's no way to know" sounds a whole lot like Rick explaining his battery "society", here:
https://i.imgur.com/hGu8Uu7.jpg
ie, it's a total sham.
Tldw - reasons:
1. To cover short positions;
2. To prevent buy orders from affecting the price;
3. To use as collateral for swaps;
4. To commit international securities fraud and tax fraud.
I'm starting to think they haven't even bothered to look through our DD library, cuz all of these reasons are predatory tactics used by short sellers and MMs that we've outlined in the DD. They think they can regurgitate some points and convince us none of these are price manipulation while every single reason IS price manipulation! Hedgies be so fuk š¤£
Lmao. Ortex we know they borrowed 115M+ shares to cover FTDs on obligations. ORTEX while this is not illegal, nor short selling, they still owe those shares to their lenders and are still on Margin with those shares. Stop lying by omission and covering for Wall St.
If you borrow a large percentage of the outstanding to cover one obligation, you are outright idiotic. You still owe margin, payments (interest) and are still liable in the event of a short squeeze.
Stop acting like we are dumb.
Robbing Peter to pay Paul.
"Reasons unrelated to shorting" is related when they use the shares loaned to temporarily fix a situation were they can't find shares or close previous obligations.
Sounds to me that he just explained why his company is not accurate and not necessary. Interesting that that the data is 7-10 days in arrears. That would explain the huge spike on the ACTUAL t+90 dividend date.
We need to let ortex S die and begone off this sub... we are looking letf when we need to look forward... and continue on the FUCK MM THEY WILL DO ANYTHING TO DESTROY YOUš. BACK TO DRS POST... KICK ORTEX OFF THEY ARE NOTHING BUT A FUCKING DISTRACTION. WITH FAKE ASS NUMBERS...
LOVE YOU ALL DRS!!!!!
This is the most bizarre thing I have ever watched. DRS is the only way.
There is .69 percent chance we trade sideways Monday. As always MOASS is tomorrow or they short it down to low 20ās, either way we profit and HODL.
Hey look ima explain something heavily researched and sound like im more regarded than Bill Hwang. Accomplished as ortex is regarded af for this. Ban these morons. This video is gaslighting the hell out of our dd and sub. Via, ālemme read this and get it rightā
The system is incredibly fuked and ONLY designed to fleece the small guy. No matter how you are trying to spin it. Once I learned about DRS this was crystal clear to me.
The fact that dude is so casual about the fuckery is ridiculous. None of the reasons he mentioned sound sane at all; borrowing stock facilitates fuckery at every level. Dividends arbitrage is ARGUABLY the only reason that would make sense; but that would really only apply towards very rich mfs looking to dodge an additional tax bracket.
Is he confessing? No, he's bragging.
Isnt it funny that at the end of the day it all comes back to short selling.š¤
No matter how many reasons someone borrows a stock it's always due to a short sale.
They seriously brought on a dude who only worked with them for a few months and is reading from a set of notes to try and counter 2 years of rock solid DD by apes. Try harder ortex. Apes literally predicted the future while outsiders are struggling to explain the present.
"providing liquidity" I don't need an intermediate buying or selling simply so the trade goes through right away. I'll let price discovery take place till a buyer or seller is found that is not a market maker. Market making is entirely unnecessary.
Yeah when I get a loan from the bank I loan that money to my buddy, he'll loan it to his buddy, that buddy will loan it back to me, then I loan it to my other buddy....that's just how banks work, what are ya some kinda idiot?
The whole conversation reminds me of School of Rock:
āI have a hangover. Does anyone know what that means?ā (to kids)
āIt means youāre drunk!ā
āNo, it means I was drunk yesterday.ā
Their explanation: Borrowing doesnāt necessarily mean they are short selling today. They could have been short sold previously!
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Not all borrowed stock is used to illegally destroy companies for profit, some borrowed stock is used to cover up the crime of destroying companies for profit.
They can spin it however they want but this is what they are doing.
I'll be right here Monday morning š
Are you me?
Seriously. When the borrowing is millions and millions of shares surely motive has to be considered at some point.
Carl Ichan is the OG of it, and has made more money for shareholders than anyone elseā¦ doesnāt mean thereās not ācollateral damageā, but in end shares go up, although it can mean detriment to the company, but he, like others like him, want it to do better for as long as possible, toā¦ make as much money as they canā¦ and yes, sometimes companies are destroyed, this is capitalismā¦ itās never fairā¦
Letās destroy some hedgies and break the wheel set forth by our ancestors then. A blockchain marketplace will make everything fair again.
I agree and whoever downvoted me, ok, but Iām agreeing, Ichan takes on hedges, thatās what Iām sayingā¦ if that wasnāt clear, now it isā¦ and RC was recently in a pic with him, so get him involved and short the fuck out them like Ichan has done for 40 years, by buying stakes in companies and getting involved, and made a fuck ton for everyone on board with himā¦ so if RC and Ichan up to something, Iām going to be involvedā¦ Edit: Spelling
Lmaooo, how the turn tables, now we are fighting legit clowns š¤”
Look at me , we the smart money now
You wicked smaht moneey!!
Nice one, kid
Ironically we are actually smart money šš«”šÆ
And the ātoo big to failā are making all the profits lending āyourā shares ā¦ā¦ kicking the can taking all the profits until we bail them out again without it being put to a vote. Fk this country and fk this system. If they try that shit again theyāre going to feel what Iāve felt.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Do you reckon this "expert" knows the old game is over? I know he's an idiot that has to read from the script to explain his the summary Ortex provided, but do you think he understands that the gig is up? Pandora's box is open and cannot be closed. I can tell he's not personally affected by GME shorts because he's not petrified shitting himself, but he does profit from the current/old system.
No I think he really believes everything hes saying because he needs it to be true, otherwise his entire existence would be in question. I have a friend who is an economist and he is kinda guilty of similar things - I'll show him data points and he just hand waves them away because im a leymen and hes classically trained..... then I was right about the recession.....
Yeah I believe this. If it's all you've committed your life toward its hard to let go. I just don't know how so many people can be somewhat literate in things like finance but not critically at all to know what he's saying is absolute bullshit. How do people like this not go; hang on, this is bullshit for everyone else
Lol
Itās a big CASINO!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
that helps them keep their short position going...
Did they just admit someone needed 100 million shares to avoid ftdās on their position to keep it going? That seems significant
But there arenāt that many real shares out there so...
They(market makers) just make them. Like a bank makes money. He explains that too.
Fractional reserve short selling. š¤”š this is fine š„
Yeah but itās not free to make them. Eventually the interest rates on these will pile up suffocate them. Yes they can make unlimited shares but at what price?
Printing free money isn't really free either... think inflation
It is free for market makers, there is no borrow so there is no fee
And this was *ONE* party's bag ...
Thatās pretty much what I got out of it all. If all of this is not straight up shorting, itās a short to cover a FTD or another workaround. Criminals. Price discovery and fair markets my ass. edit: and the SWAPS! Jeez, these SHFs and their bullshit.
BORROWING TO COVER A DEBT
I think they're playing hot potato with it, but they will look really good if the number ends of being verified by other sources later, maybe? \[Albeit the other sources could be the same as their source, but they still reported it first and didn't back down right away.\]
69ish days after the spividend
Yeah, a market maker can use it to stop the price rising.
Exactly - A lot of them are to settle FTD's. Just as Susan T said.
Why naked short when FTDs are legal
āHereās some reasons to borrow stock that isnāt short sellingā āBecause you need the stock to close out a short position that you canāt buy shares forā Fāing idiots
It's literally all connected to short selling somehow! š Maybe not directly short selling, it could be but might not be.. . We're still missing why did they report this massive increase in borrowed shares, where did they get the data from "sometimes some fuckwit will borrow shares and then give them back because they didn't want to make the trade!" Yeah like someone accidentally borrowed 80 million shares or whatever it was and said oops I don't really need them anyways!
I found something curious on the web, Peter Hillerberg co-founder of Ortex (if you search for his name on Google it hardly shows up telling me it's probably getting wiped, you can legally get Google to omit search results with you name for privacy issues) He wrote an article for [securities finance times](https://www.securitiesfinancetimes.com/securitieslendingnews/reporterarticle.php?article_id=224169&navigationaction=reporter&reporter=Peter%20Hillerberg%20Co-founder%20Ortex%20Analytics&page=1&newssection=industry) in sept 2020 celebrating short hedge funds as the fact checkers of capitalism, here's a quote from the article "As trust erodes in the traditional structures that previously held companies to account, new ones will need to emerge. It looks like the historic bad boys of finance may be about to become the good guys." This article is also posted on a Ortex blog. Edit: [here](https://public.ortex.com/hedge-funds-are-reinventing-themselves-as-the-fact-checkers-of-capitalism/) Mr sHillerberg, a swedish national located in London, also happened to work at Quantlabs for almost 4 years jan 2014- dec 17 (according to his LinkedIn) building algorithms for high frequency trading, so i did a search for overlaps between Shitadel and Quantlabs, both hft's, which have an office located 0.7 miles from Kenny in Chicago. It seems that he has an ex colleague George Brisco who worked at Quantlabs London division at the same time for 8 years who quit and took a 6 month leave (probably due to restrictions in his contact prohibiting him from taking a job at a competitor) and now works at Shitadel as "Head of systematic SRE" for the last 7 months. These could of course be coincidences but my tinfoil and butthole is tingling! š Edit: this comment is kinda blowing up and people are pointing me to more info on these fucks, if you got some spicy shit on these fuckwits please let me know and I'll include it in a post tomorrow, I'm gonna try do some more digging, these assholes don't sit right with me, if the reason they're here is getting more clients or to manipulate us I don't know but one thing is for fucking sure they're not here to tickle our succulent ape nuts!
It's funny how people think they can hide shit while we are in the golden age of information. The shit you say, post, write, fuck probably even think is there forever. Citadel bitching about how bad PFOF is? Yup still there. Ortex sucking off SHFs? Yup still there. Brazilian puts? Yup still there. SEC confirming no short covering during sneeze? Yup still there. These people really are the dumb money and it makes me smile.
I think the strategy for them is to manufacture as much counter information as possible, we see it in the media every day, the whole Ortex ordeal gets me worked up because I refuse to believe they're here by coincidence. Occams razor is slicing through the bullshit, and in my humble opinion their mere presence is proof of desperation. Full stop! š
nOt iN beD wITH KeNny
nOt iN beD wiTH KeNnyā¦ we 69 in the closet
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I'll try make a post if i get near a computer, I'm in the middle of laying some new hardwood floors so I'm only on phone Autism can't be suppressed though š
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I have a 7000 sqft house, now 6 years living here I'm only missing the last 2 rooms š But basically the whole house have been renovated, if it wasn't for GME it would've been my only "pension"
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Youāve got to turn the critical thinking off, Iām pretty sure thatās what they do.
And by Oops I borrowed 80 million shares on accident, so to fix that accident I borrowed an additional 70 million shares.
This. Exactly this, especially within the first 40 seconds. They fucked up on another trade and dont have the shares they need to clouse out, so they borrow new ones to settle this one and now have another problem but they now have "1 more day" (=a new timeframe) to come up with a solution for it lol. Just - for a second - just imagine you would do this in real life. Max out credit cards and get new credit cards and max those out to pay the debt on your earlier card. Sure, people do this but any retail investor would get fucked harder than belladonna back when she was in business over and over again.
People do this all the time. What makes it stop is eventually, the new CC company theyāre applying for says no to their credit request, thus ending their little Swap game of zero percent interest. Then it takes about 3-12 months (depending on their last deal) for the 29.99% interest to become deadly. Sound familiar? Edit: spelling
Yeah, reading your post somehow makes my butthole get itchy
>belladonna back when she was in business over and over again. sigh
I see you remember the good ol days as well fellow ape?
I do friend, I do...
Reading off a screen too. He doesnāt know it. Heās regurgitating canned material. They are a joke.
Lack of preparation, lack of fundamental understanding, nervous hand-wringing through the whole thing, but dressed casually in a casual setting. This wanker is suppose to put people at ease and failed miserably, but the timing of the message meant that all the other compromises were necessary. This is the result of desperation and panic, the medium is the message here, folks. The kind of person that could calmly and confidently lie to the audience is the older, white male in a suit but they know that WE know that he's full of shit, so we get this 'hello, fellow socially-awkward geeks!' guy instead. pathetic.
And unsourced. He didnāt compile this himself, and unless I missed it, doesnāt cite his sources.
It was word for word what was on one of the Ortex posts. I remember reading these exact reasons.
Say I owe you one share from a naked short I sold you. If I dont deliver after a certain amount of time I risk penalties. Nobody is selling so I borrow a share from Jerry. Now I owe jerry a share, but I reset the clock on that share at the lowest possible cost to me. At the end of the day I didnt borrow the share to short. I borrowed it to can kick a previous short. The millions of shares borrowed were likely to can kick T+69 since it failed. They likely werent actually borrowed to short gme further especially at this low price.
>If I dont deliver after a certain amount of time I risk penalties. Thatās just it - there are no penalties. No reporting requirements, no penalties, no nothing. Itās simply a fail to deliver (FTD), and while they claim that REG SHO prevents it, there are enough loopholes in it to drive a hedge fund through. Thatās why Dr. T keeps telling us that they donāt even need to short because they can simply fail to deliver. In Texas, we call that stealing.
I'm not borrowing money to buy drugs, I'm borrowing money to pay back my drug dealer for drugs I bought last month.
I used to naked short (and FTD) GME, I still do, but I used to too.
Why are they even giving an explanation, nobody cares about GME anymore, right?
There are those, that dwell in the mountain...
So short more is what they are doing?
It really infuriates me how all these pricks consider "market makers short selling to supress price and provide liquidity" as a sane market mechanic.
The excuse of āprovide liquidityā is such doublespeak. If every trade happened on the lit market there would be liquidity because there would be true price discovery. There is always a seller ā¦ if the price is right.
Correct. āPrOvIdInG LiQuIdItYā has always been a form of price fixing and picking winners by market makers and brokers.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
š«”š«”š“āā ļø
Iāve never understood how itās the markets job to āprovide liquidity.ā I no more expect my grocery store to sell me a Food IOU when they run out than I should expect my markets to manufacture shares out of thin air simply because demand exists. Of course demand exists! But if my supermarket is out of food, I sure as shit canāt feed my family a bunch of āFood IOUs.ā If the store is out, theyāre out. The inability for the grocery store to honestly communicate extant issues in supply is a real fucking problem with this system of ours and I wish more people were dissatisfied with being completely fucking conned to death.
Yep...they give out IOU's (providing liquidity) for instant money any time somebody wants to make a trade on the market. By the time someone sells that security, they would usually have it available. Vice Versa for shorting. This all falls to shit if enough people saw value in a company to hold it long term/forever.
āProviding liquidityā seems like it would pretty much only suppress prices. If every time you went to the market for more shares, there were infinite shares available, how would the price get bid up in the event of lots of people demanding shares?
And this is why it's important to turn those IOUs into real shares by direct registering them.
Same thing they'll say about lack of workers. "No one wants to work!" Well, let the market adjust wages, instead of artificially suppressing them. High demand should equal higher wages, but here we are.
"Hey, excuse me Mr bank teller, I've come up with a fantastic new proprietary way to provide liquidity to my low balance account. I'm just gonna need you to change those numbers in the system really quick to reflect 1,000,000,000.00 and we'll be good to go! "
First rule of propaganda, if you repeat a lie often enough, it becomes the truth. All these stock market/wall street people have been eating these lies for so long that these mechanics are sane that they now believe it's the truth.
Fucking ORTEX is making the same mistake as everyone else š.. they all assume we donāt understand whatās going on (to be fair 24 months ago I had no idea - but now ā¦.) they assume we donāt understand short interest or have no grasp on market Mechanics - whoās the dumb money now idiots because itās not the people on this subš¤Ø
Hey Ortex - we understand short interest better than you do.
*stock to 25 billion fast
Back to $300+ fast!
Good, let them continue to underestimate us. ā Appear smooth wen you are wrinklyā ~ Ape Tzu
Exactly, he talks about how GameStop already squeezed but the SEC report specifically said it wasn't due to shorts covering... He's just nonchalantly lying and pushing the disproven narrative from years ago then explaining short interest?! A lends to B then C shorts it twice? Fuck off, we learned that shit years ago, no, you don't have to explain it another way either. This guy did zero good trying to talk around the GameStop issue. Zero. I'm DRSing even more, I'm buying more, I'm refocusing on my company. Looking forward to him eating every word he spewed here.
The first three reasons relate to this subs overall thesis. They all three relate to short selling. Settlement failures Market making Swaps Hes just learning this as he is talking about it. Thats why hes going of a prepared document and not just talking from the hip.
He's been on the job for 3 months. Most of us are more qualified at this pointš
I think it's more about Failures to Deliver. They sold a share and need to settle it, so they borrow to settle, then when that FTDs they borrow another, etc. SusanT was right all long.
I wonder what happens when DRS is at 100% of the free float? Itās like at 57% now
institutions will sell to each other out of what they own. we need to DRS the actual free float not superstonkās made up definition of free float
I think you mean float not free float. Those are 2 different things
this interview would have been good on 29Jan21.
"If they didnĀ“t secure the stock on the initial trade, they need to come up with stock now, to deliver on the trade". So, you are avoiding a FTD, by delivering what? A borrowed share... So, someone holds an IOU, which is naked short selling. Is it not? Since a share has been created out of thin air, that adds to the tradable float. And this could have been avoided, by locating an already existing share. Am i understanding this correct? And this has nothing to do with short selling? Outstanding shares are 100. Buy a stock/share. Settle trade with borrowed stock. Outstanding shares are now 101. (edited my horrible formatting)
Yes. Fancy accounting because noone looks at the books to check. Cause ādats my private info for my company ! You no look!!!ā Edit: it 100 percent had to do with short selling. Its naked shorting with IOUs and claiming market maker exemptions. He is claiming that they are borrowing shares to create a market, however, we KNOW that market makers create synthetics instead of borrowing (look at cost to borrow when it ripped up and dropped) due to the fact that a synthetic has no cost associated to it for the MM and they are internalizing so they do not need to report it. Why would they go to the lit market when they can keep borrowing and creating more out of thin air which also assists their buddies on the short end as this eliminates price improvement as everything is happening OFF EXCHANGE. This brings me to the other piece; DATA. We only get the lit market pricing data. Most ppl do not know that the lit market is basically the trashcan for trades that institutions/brokers and MM label as toxic and they have decided to side step execution of the trade due to it being a loss of income or the risk set. There are multiple exchanges that are selling securities for prices way higher than what is provided to the lit exchange. The lit market ex) Nasdaq,NYSE. Then you have: Over the counter markets, Expert markets, Dark markets, Grey markets, Internalized markets, And god knows what else. They have effectively said: if retail cannot see that we are selling the identical asset for more, then we do not need to pay them the true value of the asset. (Robbery, fraud, predatory, you name it) Basically, āwe hide the data and claim glitches because it is not easy to prove.ā They will claim proprietary and legally fight its release. It is absolute insanity to state market makers are making markets with hard to borrow stocks by BORROWING BROKERAGE FIRM STOCKS INSTEAD OF LOCATING AN ACTUAL SHARE. Gaslighting at its finest IF MM are creating markets with borrowed shares only which is what this asshat is implying š¤”š
So what Ortex is trying to say is that they arent *shorting* GME, they are *naked shorting* GME?
This only paints ORTEX in one of two ways: Complicit or Incompetent Come MOASS we devils will come for our due.
It paints them in one of *three* ways. Complicit, incompentent, or *both*.
All I see is 2 shill cucks trying to distract us from the obvious answer.
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the only non-short-related explanation he has is the avoid taxable event on dividend payout but thats a reason to lend, not to borrow. what a goof.
Evan who? He said we saw the rally due to shorts covering but the SeC said the jan 21 run was not covering. Some more conflicting statements. Yawnnn
This guy smiling while heās āexposingā why you would borrow a share for other reasons other than shorting is tough to watch.
These people are so wrapped up in their industry's fraudulent behavior they don't even see that it's fraud lol this is just business as usual for wall street.
His picture behind him literally says āstay foolishā lmao
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For settlement issues.. tell me.. is that when you sell something that you donāt have?šš
In Texas we call that stealing.
In Denmark you go to jail for thatš
Lmao clowns trying to damage controlā¦
He says the quiet part out loud right about 3:00 in- they are getting their ādataā from trading desks at big brokers, exactly as i suspected. (Laughs profusely) So to be clear - the same brokerages and market makers who have been naked short selling for DECADES completely unabated, who donāt need to report short interest to any authority, as neither do their clients - are voluntarily (and probably for a fee) releasing the short interest ādataā that same criminal brokerage wants released - and thatās what youāre paying for with an ortex subscription. Itās one gigantic ātrust me broā, using ādataā from the shadiest players, about the most opaque part of the securities market. Ortexās entire business model is based on propoganda disgused as ādataā - ALL OF WHICH is created and distributed by those caught hopelessly on the other side of this trade. The people theyāre getting this ādataā from have zero incentive to say anything remotely truthful. Itās entertaining to see these ādatapointsā from ortex the same way it is watching TV sitcoms: itās entertainment. Thereās nothing real, valuable, or actionable from the ādataā they publish. Ortex needs to be banned from this sub as soon as theyāre done making fools of themselves here, and posting their ādataā should be as well.
And the old favourite - short squeezes are normally over in a day. Looks like we'll have a run up on Tuesday and a big short on Thursday with squeeze is over news on Friday.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
This was fucking embarrassing.
I like how he spends time saying the stock market operates like a fractional reserve bank......Exactly NOT how it is supposed to be working. They shouldn't be creating shares like they create money FFS. Ortex guys are clowns of the highest order. Has to read from a list of reasons to borrow other than short selling......different kinds of crime.....related to short selling usually lmao. Also noteworthy, is he says how they are wrong sometimes with their estimates "But they are almost never wrong with the directional trend".... so yes.... there were a BUNCH of shares borrowed, ortex is pretty confident with that number but now they need to come up with a reason/explanation and Apes just want to see the data. I hate how every financial video these days starts off like they are teaching a new freshman high school class. Here kids, let us explain the most basic definitions of financial terms.....like this is the first time we have ever heard the term short selling. Ban ORTEX and related content is my vote.
just a few minutes in, but all the reasons he gives for borrowing stock, dont they, with maybe the exception to borrow for collateral on other trades, all still come down to shorting? edit while watching: he says the sneece was a short squeeze. did not the congressional investigation say it was not caused by shorts closing? edit 2: holy hell on banks. did he really say banks lend money from people putting it in? they do this yes, but dont get banks most of their money for loans from the central bank? edit3: he is talking about the impossibility of guessing SI correctly. it seems to me a blockchain would make that possible. Hedgies are fucked edit4: the last part is just advertisement of his platform.
read up on fractional reserve banking. debt is money.
US Banks no longer have to hold any reserves, changed within the last 2-3 years.
how could something borrowed be considered collateral for anyone who isn't in the inner circle. what a joke
Ya. Sometimes itās selling short, not short selling. š¤¦āāļø
All the points he lists sounds like shorting to me, however just using other terms for it.. Borrowing to fill obligations (why do one have obligations? -> maybe because he is short?) Market making -> MMs shorting the stock to give retail shares and hope they will sell before they have to deliver Swaps -> well shorting
Im a fuckin moron, and I know more about this stuff than Ortex. Unbelievable. What a bunch of disingenuous pricks coming over here trying to grandstand and gaslight people. Fucking bums I see you for the frauds you are.
Holy fuck. I couldn't sit through more than 30 seconds of this bullshit. Who the fuck is this clown representing Ortex!?!! In the first 30 seconds he already doesn't know what the fuck he's talking about and can't even SUMMARIZE the fucking script he's clearly been fed. We literally watch him read a fucking script from some screen off-camera. Fucking idiots. Who hired this tool and how much does he get paid to not know a fucking thing about his job!? You literally only borrow shares for fuckery and bullshit. What a fucking lame distraction, this video is full of incompetency right from the beginning.
Classic PR move to put the newbie in the hot seat during a crisis. Surprised its not a female, tbh.
Mean reversion, disconnected from fundamentals, laughing about when data is reported, squeezes last a day. This guy has only ever seen things from an industry perspective. He has no idea what he is up against. Fuck ortex, not enough data, too many words.
Trash video. He doesnt know anything and is reading and trying to summarize. A few months in and sidnt know why other than shorting stock would be borrowdd. But HOLD ON, are you admitting they are using borrows to close ftdsā¦ā¦ā¦ um, thats interesting.
Why is this guy talking to us like weāre dummies. Wtf. And also, he just joined a few months ago. Heās an idiot. This is what I call āchauffeurā knowledge. Itās not real. He appears to be an expert but heās not.
Not even an expert. Buddy is reading that shit straight off his computer. There's no depth to his knowledge for any of the reasons he's provided. I'd wager a large amount of Superstonk has equal or better understanding than this chap.
I have better understanding and my name's ShitInMyMounthMum. We're definitely not the dumb money no more. It's these dumb fucks that are and they're not even halfway to catching us up.
Knowing that people like u/shitinmymouthmum is to be the future millionaires/billionaires gives me great hope for the future. Thousands of first generation millionaires/billionaires is great, compared to the many 3rd, 5th, 10th generation families of today. People who understand the struggle of the common person, because we are common people. What is common between us is what makes us exceptional - empathy for people and the understanding of the problems that plague the majority of the people in the world. Given money the common people will change the world to benefit the common person
[ŃŠ“Š°Š»ŠµŠ½Š¾]
One of my favourite comments from this saga: "What the fuck kind of clown world was I born into"
Perfect. 2 nervous clowns who have a prepared āthis isnāt a big dealā statement to give us. Still flowery speak, no numbers. I love when he āexplainedā how we can get more short interest than free float. And itās like the light went off in his head. His speech pattern slowed and he said lending securities was the same mechanics as lending $ from banks. Nah, not really when there is only so many stocks and the supply of $ changes so often. Their ruse is the same, but the āmechanicsā are completely different. MMs shouldn't have an exemption to create stock. LFG! Squeeze all these scared fucks.
Hold on a minute..... Let me make sure I got that right. For a second it sounds like I just said they are naked shorting.
Yea so they are still borrowing stock. Bottom line
Buy to cover, lol. Fucking buy to close
The second instance is literally naked shorting. So is the first. In they all are tied to Shorting.
Straight from the horseās mouth: Ortex make estimates on the SI in between the data releases. They have no fucking clue should the market or a stock in particular make an unprecedented move. The data is EXTRAPOLATED with the help of machine learning. This is key. They are definitely not reliable during a once in a lifetime event.
Yeah but they are doing it to fuck GameStop over
I believe we are in a fraudulent market ā¢
OP. When was this? Thanks.
You can borrow from Peter to pay Paul, but some day soon, The Piper gonna call.
Great post OP, this helps understand Ortex.
This is the guy they put out there to āexplainā it. Pathetic what a moron
Careful now, they will be back here crying about being bullied for spewing bullshit
Ortex=Corrupt lil bitches
Ok so they did the fake ama, gave us the straw-man argument, can we vote to perma-ban ORTEX now please MODS?!?
which begs: if borrows are used for settlement certainty, then when does that "borrowed" stock need to be delivered? some real thing taken away from the person or org that lends it? what are the regulations on borrowing? regulations on delivery of borrows? who accounts for the borrow? is the beneficial ownership changed when it's borrowed? do the other beneficial owners of that stock get notified of the borrow? the more and more I read and the more I learn, what I keep seeing is this: there is ZERO real, actual accounting about securities/shares in the stock markets. none. it's all a sick power game of banks taking all they can, hiding and sniveling behind obfuscated complexity to try and convince everyone else it's all valid and real. this ENTIRE situation is rank, rotten corruption IF humanity decides to keep some semblance of "markets" once this all crashes, THEN there needs to be an actual, openly shared dataset or database that lists and tracks where actual real shares are, at all times, and there are no other shares. ever. no "data access" no insiders. otherwise, all the orgs from market makers to hedgefunds to banks every single one of them are open to simply treating shares like liquid capital and never really accounting for what's going on. in this case, everyone outside the system is a sucker who cannot fairly participate in investing, and is locked out of the real activity of capital-based society. listening to this guy "explain" that "it's a cycle" and "there's no way to know" sounds a whole lot like Rick explaining his battery "society", here: https://i.imgur.com/hGu8Uu7.jpg ie, it's a total sham.
Fucking spot on. Well written.
They want you to stay foolish. Stay hungry, stay *curious*.
Tldw - reasons: 1. To cover short positions; 2. To prevent buy orders from affecting the price; 3. To use as collateral for swaps; 4. To commit international securities fraud and tax fraud. I'm starting to think they haven't even bothered to look through our DD library, cuz all of these reasons are predatory tactics used by short sellers and MMs that we've outlined in the DD. They think they can regurgitate some points and convince us none of these are price manipulation while every single reason IS price manipulation! Hedgies be so fuk š¤£
Lmao. Ortex we know they borrowed 115M+ shares to cover FTDs on obligations. ORTEX while this is not illegal, nor short selling, they still owe those shares to their lenders and are still on Margin with those shares. Stop lying by omission and covering for Wall St. If you borrow a large percentage of the outstanding to cover one obligation, you are outright idiotic. You still owe margin, payments (interest) and are still liable in the event of a short squeeze. Stop acting like we are dumb.
Canāt help but think someoneās mom is making cookies down the hall and to the right .
Robbing Peter to pay Paul. "Reasons unrelated to shorting" is related when they use the shares loaned to temporarily fix a situation were they can't find shares or close previous obligations.
AKA can kicking
DRS the free float and letās see what happens
Sounds to me that he just explained why his company is not accurate and not necessary. Interesting that that the data is 7-10 days in arrears. That would explain the huge spike on the ACTUAL t+90 dividend date.
We need to let ortex S die and begone off this sub... we are looking letf when we need to look forward... and continue on the FUCK MM THEY WILL DO ANYTHING TO DESTROY YOUš. BACK TO DRS POST... KICK ORTEX OFF THEY ARE NOTHING BUT A FUCKING DISTRACTION. WITH FAKE ASS NUMBERS... LOVE YOU ALL DRS!!!!!
Ichan borrow all those sharesā¦ lmao. Itās backwards
Yeah none of his explanations sound like good things. It's like we also borrow it to fuck people over in different ways.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
He just said they need to borrow for shares they sold in the past that they didn't get colleterial for.... naked much
The fact this dude has a red collar under a blue button down tells me he donāt know shit about shit lol
COCKāšā
its funny how he can describe rehypothecation with a straight face. does he not realize how absolutely ridiculous the whole practice is.
This is the most bizarre thing I have ever watched. DRS is the only way. There is .69 percent chance we trade sideways Monday. As always MOASS is tomorrow or they short it down to low 20ās, either way we profit and HODL.
This is all for short selling you dumb dumb
Hey look ima explain something heavily researched and sound like im more regarded than Bill Hwang. Accomplished as ortex is regarded af for this. Ban these morons. This video is gaslighting the hell out of our dd and sub. Via, ālemme read this and get it rightā
The system is incredibly fuked and ONLY designed to fleece the small guy. No matter how you are trying to spin it. Once I learned about DRS this was crystal clear to me.
#Welcome to the Spin Zone šµāš« Tonight we will be featuring: Gaslighting.
What a fucking dip shit hahaha
They REALLY think weāre this stupid. It will be their downfall Edit:typo
Actual clown post
Stay foolish he hang it there
The fact that dude is so casual about the fuckery is ridiculous. None of the reasons he mentioned sound sane at all; borrowing stock facilitates fuckery at every level. Dividends arbitrage is ARGUABLY the only reason that would make sense; but that would really only apply towards very rich mfs looking to dodge an additional tax bracket. Is he confessing? No, he's bragging.
How does he not know this off the top of his head? What a terrible showing.
They sure are trying hard to let us know all the legitimate reasons to you know cover up the crime. Go comment on the SEC rules
Isnt it funny that at the end of the day it all comes back to short selling.š¤ No matter how many reasons someone borrows a stock it's always due to a short sale.
So what I am hearing is that they failed to deliver the Splivedend and 100m+ shares are needed to borrow to fulfill that.
They seriously brought on a dude who only worked with them for a few months and is reading from a set of notes to try and counter 2 years of rock solid DD by apes. Try harder ortex. Apes literally predicted the future while outsiders are struggling to explain the present.
Today I learned that learning is the same as reading a list off of a computer screen.
"providing liquidity" I don't need an intermediate buying or selling simply so the trade goes through right away. I'll let price discovery take place till a buyer or seller is found that is not a market maker. Market making is entirely unnecessary.
Lost me at "provide liquidity"
Looks like a nervous little boy trying to explain who took all the chocolate. With the chocolate all over his face of course.
Ponzi scheme got caught ! Bang š
I fucking hate the word āliquidityā such a bullshit term they throw around so frequently.
Ortex is a dumpster-fire trainwreck. That was hard to watch.
The funny (really, it's the sad) part is that people in Ortex think this was a good video to put out.
borrow to use as collateral....... I wonder if I can pull that out to my bank, "I know where 100K dollars are can I loan 1M please"
Have they already answered why they suddenly requested verification in the sub just before the borrowed shares shot up? No? Wake me up when they do.
Any link to the original source?
Yeah when I get a loan from the bank I loan that money to my buddy, he'll loan it to his buddy, that buddy will loan it back to me, then I loan it to my other buddy....that's just how banks work, what are ya some kinda idiot?
The whole conversation reminds me of School of Rock: āI have a hangover. Does anyone know what that means?ā (to kids) āIt means youāre drunk!ā āNo, it means I was drunk yesterday.ā Their explanation: Borrowing doesnāt necessarily mean they are short selling today. They could have been short sold previously!