FTX Tokenized Securities Offerings were probably used to survive margin calls. Swaps are probably for leverage. ETFs are for Naked Shorting. Here are my predictions if you want them.
Oh yeah, could blow up in their faces at any moment. There seems to be some large players on the other side that will probably have to be dragged out of their offices kicking and screaming before they'll give up though. And Wall Street doesn't seem to fight fair. I just hope we get video of the meltdowns
Yeah, I'm definitely not smart enough to have come up with the ETF witching waves stuff. Just tried to find some hard evidence that backed it up and write a DD for the smooth and wrinkled by someone who feels a tiny bit wrinkly now.
I have also seen other DD writers mentioning that there is a likelihood for suppression that will last through March... I think that seems correct, based on what we've seen and what you've presented here.
Yeah, DRS is still and always the best move, but if we ride the witching waves to some extreme lows in March then I might buy some calls while I DRS for cheap. Not financial advice though, this thing could pop at any time.
Do you anticipate DRS numbers rising having an effect on these cycles or the games SHF are currently playing? Where we are now will be a lot different by Spring, im really hoping more stuff breaks. Great write up!
That's the thing that will be really interesting to watch here in December. How close do we peak to the witching date or are we into the second half of the witching wave? I think both point to trouble for naked shorters.
great write-up. it all makes sense now. trillions in tokens - they were used to fudge the numbers and say they were meeting increasing margin requirements. My question is - how can we put a stop to the GME printer?
Honestly DRS, hodl, time. Nothing new there. They're going to have to buy shares to close FTDs based around witching dates. One of these witching dates the pool of shares that they can buy and borrow from to cover and again try to close as many FTDs as possible is going to be too small because there are so fucking many DRSd shares and not enough people selling. Their naked shorts will become FTDs and start leaking out onto the market, they'll start getting desperate and the price skyrockets. SEC and DTCC act confused/dismayed/betrayed, "HoW CouLd ThEy!? We HaD no idea....."
Yeah, I haven't jumped down that rabbit hole as hard yet. I've just mostly read DD and tried to apply all of the SEC shit I've read to how I think it could have worked. I'll fix that, thanks
You are correct, I forgot his name but someone on the gme nft team mentioned Tokenized security offerings in a tweet a while back. It was in regards to electric car company
I've read that TSO is a fairly recent term and is different than STO in the sense that it is tokenizing [something, anything] that may not necessarily fall under the definition of securities. So, your house for example. It's just tokenizing an amount less than or equal to the collateral value of an asset such as the value of a company for instance, or the value of the properties it owns (blackrock). What would happen if a company decides to use it's London office as collateral and then liquidates and closes that office after bleeding it for capital?
I've seen that mentioned, too.. But if you Google "TSO cryptocurrency," there's at least a Forbes article that mentions it. Regardless if it's the current way to reference it, at least it appears to have had merit at some point (kind of like "not your keys, not your crypto" has become "not your keys, not your coins").
TSOs were created as a fake assests...see we own tokens that are worth the same as $GME. Ftx says they have the shares we're good, we have collateral. Another layer of rehypothication.
Exactly, TSOs would have been perfect collateral. That's why it's interesting that the token hits, a ton gets bought up, and then naked shorters go on a buying spree of GME to cover FTDs and exercise large amounts of retail call options. I think they really underestimated the retail buying pressure that they would be competing with on that fateful day in January 2021. Luckily for naked shorters, they had bags of shit FTX TSOs to use as collateral to their toxic GME FTD positions. Do anything to live one more day or whatever, right?
Market crashing in spring 2023? Bro Market has been crashing for like 10 months already.... we are closer to the end with everything happening then spring 2023
I think everyone underestimates peaks to bottoms sometimes. March 2008 financial crisis went from like December 2007 peak to like March 2009 bottom. We are going to have some big drops and could have a ways to go. Wall Street Billionaires aren't just going to lie over and die, they'll do anything to survive another day.
I'm just saying it makes more sense to me than them using the TSOs to hide naked shorts. I did a deep dive on the rules of naked shorting and TSOs should not work. They might work if they've been exercised and FTX has agreed to deliver. Basically with a sell the SEC needs to see long shares, short shares matched to a borrow or to shares that are out for delivery. Or synthetics, but the SEC doesn't talk about those anymore and they just look like long sales to them.
Sorry, hopefully I'm wrong and it rockets because of the December witching window. Maybe DRS numbers will be enough that they won't have a big enough pool to cover from in December. That'd be fucking sick.
What if the volume spikes are a result of the “issuer” selling more tokens into the market. It would make sense to sell a fuck ton at 300 or whatever we were trading at as of Jan 29, when the token was released
Is gme in the December witching window now? Hence the price lift or is it yet to arrive? It's about a month until the 3rd Friday of December, the 16th.
I think it's possible and quite likely FTDs are hidden all over the world and short positions are also hidden away. Eventually during witching dates those FTDs need to be unwound and rewrapped back up basically. Eventually the FTDs will unwind through all their little hidden loopholes and spill out onto the market, probably around a witching date. It doesn't matter where they're hidden, they'll eventually come home. DRS shrinks the pool of shares that they can borrow from, the float is all the shares they can fight to buy. Once those are gone the FTDs will keep leaking onto the market, until they're forced to start trying to buy shares from the people who DRSd? Smells like MOASS
Yeah, I haven't jumped in on them much, but I was confused by the little research I did. Are you sure they're not synonymous, Wall Street has like five names for everything?
great DD, only thing I disagree with is looking at the shape of the market and where it is in its cycle of crashing, it crashes in dec and well, moass comes after
Sorry for the hate you're about to receive. Mentioning dates here attracts weirdos who start chanting stuff about options being the devil. Don't take it personally and don't try reasoning with them, they're insane.
Oh I knew mentioning call options on GME was a risk, but I figured those who know what they're doing might appreciate it. I've been riding the witching waves successfully with a tiny bit of fun money, but I also get some people would rather DRS. DRS does shrink the pool.
Thanks for the detailed write-up! Do you have any explanation for the Jan 7, 2022 price jump which started AH the day before. It seemed connected to fake news about the upcoming marketplace but it feels like an obligation. It doesn't quite line up with the witching theory so I was curious if that was some other swap or something. Let me know what you think of that. Thanks again!
Maybe I'm getting it wrong...but all my smooth brain understood that hegies with your story are buying time till March 2023..Sorry but I will do opposite and be my own MOASS and buy even harder now and DRS... Thanks anyway for your hard work..
I'm just saying my money is on Spring. Witching Dates seem to be the key though, so it could happen in December (next Witching Date is December 16, 2022). I have no way of knowing how DRSing will effect their FTD covering, but I do believe MOASS will kick off right around one of these witching dates. I think March just looks like a pretty strong bet based on how FTDs effect the price in March and DRSing in March will be even larger. They have to buy and borrow a lot of shares by mid March from a shrinking pool, but they also have to do some of that by mid December so, we'll see. Don't wait to DRS if you want to DRS it shrinks the pool.
I hope OP DRSed some shares. Talking exactly about when we go up and when we go down is usually done to create new paperhands. Please note, there are no paperhands here who wish to sacrifice millions for a few hundreds.
I'm just saying if my predictions come true and GME is bottoming out in early March and you get all the money you can together to DRS GME for cheap. Maybe think about buying a call option for fun if you can. If my predictions have been right so far then GME is about to skyrocket and you can sell that call option for more GME if you want. Also, call options are sometimes hedged by buying shares, buying pressure on GME helps.
They could just halt GME for hours in March no? Stop the trading, say its a technical issue and nobody but us will care. SEC, DOJ etc. Aint doing shit.
In order to do that, they need to borrow shares from an ever shrinking pool. Put simply if they need to borrow say, 10 million shares and there is only 7 million available because of DRS they be fuk'd.
At risk of being called a shill, I include a part in my 88 page write-up where I address the DTCC stuff briefly. Honestly, I think "DTCC committing international securities fraud" is a red herring, forum sliding, and misinformation wrapped up in one. Naked shorters have the tools to operate within the current rules and still hide naked shorts. Meaning they sell shares of GME as long, but they're really naked shorts.
I want to note that you ignore some aspect of the unsucessfull short swap: Sure the Swap writer/bank can buy a put to hedge the exposure, but now the put-writer needs to hedge by shortselling or be naked a put. At some point in the Chain there are naked positions beeing hidden.
Given the recent revelations, what if… brokers are selling shares that don’t exist, every time someone buys a share through a broker they are then able to use that phantom long as a locate?
This is a lot to read plus 88 pages. I'll wait until our historian Elegant-Remote6667 has this 88 page behemoth logged and in a safe place. Weird links and great promises have a way of leading to dark corners. My skepticism says Be Cautious here.
Why GME?
Dates, huh? Pretty big balls, you have. Saving to read in full later. A+ effort
Haha no bets though. I don't want to shove anything up my butt
I’ll leave the options to people who know what the fuck they’re doing (or to those who are comfortable losing money). Shares only for me.
Yeah options be risky. Tread lightly
Sweet. Can’t wait to buy at peak in March 2023
Lol yeah, probably. DRS and hodl and you'll feel alright though
Tax season! I'll take it
Good writeup. You may be right, but as we’ve seen, there are always black swans that can bring about a crisis sooner than planned. Buy and hodl.
Oh yeah, could blow up in their faces at any moment. There seems to be some large players on the other side that will probably have to be dragged out of their offices kicking and screaming before they'll give up though. And Wall Street doesn't seem to fight fair. I just hope we get video of the meltdowns
I agree.
Yeah, I'm definitely not smart enough to have come up with the ETF witching waves stuff. Just tried to find some hard evidence that backed it up and write a DD for the smooth and wrinkled by someone who feels a tiny bit wrinkly now.
I have also seen other DD writers mentioning that there is a likelihood for suppression that will last through March... I think that seems correct, based on what we've seen and what you've presented here.
To be fair, dates like this have come and come countless times.
Yeah, DRS is still and always the best move, but if we ride the witching waves to some extreme lows in March then I might buy some calls while I DRS for cheap. Not financial advice though, this thing could pop at any time.
It actually might be better to buy straight from Computershare so that brokerages can't get their hands on "fresh" shares.
Do you anticipate DRS numbers rising having an effect on these cycles or the games SHF are currently playing? Where we are now will be a lot different by Spring, im really hoping more stuff breaks. Great write up!
That's the thing that will be really interesting to watch here in December. How close do we peak to the witching date or are we into the second half of the witching wave? I think both point to trouble for naked shorters.
great write-up. it all makes sense now. trillions in tokens - they were used to fudge the numbers and say they were meeting increasing margin requirements. My question is - how can we put a stop to the GME printer?
Honestly DRS, hodl, time. Nothing new there. They're going to have to buy shares to close FTDs based around witching dates. One of these witching dates the pool of shares that they can buy and borrow from to cover and again try to close as many FTDs as possible is going to be too small because there are so fucking many DRSd shares and not enough people selling. Their naked shorts will become FTDs and start leaking out onto the market, they'll start getting desperate and the price skyrockets. SEC and DTCC act confused/dismayed/betrayed, "HoW CouLd ThEy!? We HaD no idea....."
When do we have the protect shareholders from this fraud moment?
That was debunked. It was just a crypto currency someone created (which anyone can do) not related to TSO's or GME.
Super stonk is the only place calling it a Tokenized Security Offering. It’s a Security Token Offering. They’re trying to shoehorn it into RCs tweet.
Yeah, I haven't jumped down that rabbit hole as hard yet. I've just mostly read DD and tried to apply all of the SEC shit I've read to how I think it could have worked. I'll fix that, thanks
Tokenized Securities and Security Tokens are 2 different things.
You are correct, I forgot his name but someone on the gme nft team mentioned Tokenized security offerings in a tweet a while back. It was in regards to electric car company
I've read that TSO is a fairly recent term and is different than STO in the sense that it is tokenizing [something, anything] that may not necessarily fall under the definition of securities. So, your house for example. It's just tokenizing an amount less than or equal to the collateral value of an asset such as the value of a company for instance, or the value of the properties it owns (blackrock). What would happen if a company decides to use it's London office as collateral and then liquidates and closes that office after bleeding it for capital?
https://www.linkedin.com/pulse/what-ico-sto-tso-anson-zeall-萧逸汉
Well he did say the proper spelling is Tso Not rly a shoe horn he's calling it tsos
I've seen that mentioned, too.. But if you Google "TSO cryptocurrency," there's at least a Forbes article that mentions it. Regardless if it's the current way to reference it, at least it appears to have had merit at some point (kind of like "not your keys, not your crypto" has become "not your keys, not your coins").
Can someone confirm that Security Token Offerings, that are backed by the actual security, cannot be used as a locate?
Here is a medium article from 2019 titled "What is an ICO? STO? TSO?"
This is 👍
This makes sense...is undeniable that there's some kind of "pattern" that keeps repeating.
Dollar Cost Averaging on CS for the win. I can always scrounge for cash in March for extra cheap shares if I'm right.
TSOs were created as a fake assests...see we own tokens that are worth the same as $GME. Ftx says they have the shares we're good, we have collateral. Another layer of rehypothication.
Exactly, TSOs would have been perfect collateral. That's why it's interesting that the token hits, a ton gets bought up, and then naked shorters go on a buying spree of GME to cover FTDs and exercise large amounts of retail call options. I think they really underestimated the retail buying pressure that they would be competing with on that fateful day in January 2021. Luckily for naked shorters, they had bags of shit FTX TSOs to use as collateral to their toxic GME FTD positions. Do anything to live one more day or whatever, right?
Market crashing in spring 2023? Bro Market has been crashing for like 10 months already.... we are closer to the end with everything happening then spring 2023
I think everyone underestimates peaks to bottoms sometimes. March 2008 financial crisis went from like December 2007 peak to like March 2009 bottom. We are going to have some big drops and could have a ways to go. Wall Street Billionaires aren't just going to lie over and die, they'll do anything to survive another day.
The DTCC has already given blessing to the idea of tokenizing stocks, which may or may not actually be backed by the underlying.
I'm just saying it makes more sense to me than them using the TSOs to hide naked shorts. I did a deep dive on the rules of naked shorting and TSOs should not work. They might work if they've been exercised and FTX has agreed to deliver. Basically with a sell the SEC needs to see long shares, short shares matched to a borrow or to shares that are out for delivery. Or synthetics, but the SEC doesn't talk about those anymore and they just look like long sales to them.
Can you post the pdf to transfer sh- your link is horrendous and spammy- ops link I mean
Remind me! 12
Remind me! 90 days
Yes I read all that, I'm fine with a spring 23 moass!
And hopefully my drop predictions are some good opportunities to load up on more shares before MOASS
Really great research and post! Definitely some wrinkles forming!
My main goal, make everyone wrinkly
Love the write-up! Thanks for putting all the effort in.
I just think it's more simple than that. I don't think they needed the TSOs to hide naked shorts.
2023 can kiss my ass
Sorry, hopefully I'm wrong and it rockets because of the December witching window. Maybe DRS numbers will be enough that they won't have a big enough pool to cover from in December. That'd be fucking sick.
🟣Great work OP, thanks.
What if the volume spikes are a result of the “issuer” selling more tokens into the market. It would make sense to sell a fuck ton at 300 or whatever we were trading at as of Jan 29, when the token was released
kinda off topic
Commenting to read this later- after quick glance, nice work ape
After almost 2 years of reading all of the informative DD I thought I might have developed a wrinkle..... Then this DD!!! Nope, I'm still smooth!
Haha dang, well if you have any GME shares DRSd then you have a shit ton of wrinkles in my book.
Is gme in the December witching window now? Hence the price lift or is it yet to arrive? It's about a month until the 3rd Friday of December, the 16th.
It said my comment got removed for being to long, oops
Everyone better get them tax returns as early as possible to buy the dip lol
Great work Mate thanks for sharing
amazing post, but as I understood MOASS starts tomorrow, right? ;)
In my dreams and in my heart.
Question:
I think it's possible and quite likely FTDs are hidden all over the world and short positions are also hidden away. Eventually during witching dates those FTDs need to be unwound and rewrapped back up basically. Eventually the FTDs will unwind through all their little hidden loopholes and spill out onto the market, probably around a witching date. It doesn't matter where they're hidden, they'll eventually come home. DRS shrinks the pool of shares that they can borrow from, the float is all the shares they can fight to buy. Once those are gone the FTDs will keep leaking onto the market, until they're forced to start trying to buy shares from the people who DRSd? Smells like MOASS
Are you saying the FTX rug pull yanked the wool from under the shorts?
holy shit damn
It just kept growing. Kind of like some assholes naked short position
JFC!!! Someone just lance the boil
Don't have time right now but I can't wait to read this
So much to read, Thanks op!
The acronym TSO is wrong, the correct acronym is STO - Security Token Offerings
Yeah, I haven't jumped in on them much, but I was confused by the little research I did. Are you sure they're not synonymous, Wall Street has like five names for everything?
I bet this guy voted.
Fuck yeah. Everyone should always vote
great DD, only thing I disagree with is looking at the shape of the market and where it is in its cycle of crashing, it crashes in dec and well, moass comes after
It's possible. If GME is surging into December 16, 2022 and then still surging into January 16, 2022. Then I'd strap in for MOASS.
Sorry for the hate you're about to receive. Mentioning dates here attracts weirdos who start chanting stuff about options being the devil. Don't take it personally and don't try reasoning with them, they're insane.
Oh I knew mentioning call options on GME was a risk, but I figured those who know what they're doing might appreciate it. I've been riding the witching waves successfully with a tiny bit of fun money, but I also get some people would rather DRS. DRS does shrink the pool.
Thanks for spending all that time! I can’t understand much but looks juicy and I choose to believe everything.
Thanks for the detailed write-up! Do you have any explanation for the Jan 7, 2022 price jump which started AH the day before. It seemed connected to fake news about the upcoming marketplace but it feels like an obligation. It doesn't quite line up with the witching theory so I was curious if that was some other swap or something. Let me know what you think of that. Thanks again!
RC's General Tso's Chicken... It was so obvious, man...
Maybe I'm getting it wrong...but all my smooth brain understood that hegies with your story are buying time till March 2023..Sorry but I will do opposite and be my own MOASS and buy even harder now and DRS... Thanks anyway for your hard work..
I'm just saying my money is on Spring. Witching Dates seem to be the key though, so it could happen in December (next Witching Date is December 16, 2022). I have no way of knowing how DRSing will effect their FTD covering, but I do believe MOASS will kick off right around one of these witching dates. I think March just looks like a pretty strong bet based on how FTDs effect the price in March and DRSing in March will be even larger. They have to buy and borrow a lot of shares by mid March from a shrinking pool, but they also have to do some of that by mid December so, we'll see. Don't wait to DRS if you want to DRS it shrinks the pool.
I hope OP DRSed some shares. Talking exactly about when we go up and when we go down is usually done to create new paperhands. Please note, there are no paperhands here who wish to sacrifice millions for a few hundreds.
Apevana is a sub that you can post to
I like how you say you're pretty smooth but admit to writing an 88 page DD a few lines before. You're anything but smooth. Thank you for your work!
Just in time to report our first profitable quarter since the turnaround plan. 👌
Big salute to you, OP! Thank you for the work you've put in for other individual investors to read and digest. Respect!!
Some of the best DD to surface in over a year!
Good shit. I appreciate your eloquence. So far your theories hold water for me. Time will tell for all of us. Continuing to hold.
Great read!!
I love this DD but I don't even think they'll survive until the end of January...
I'd love to be wrong if that happens. January 16th and 17th could be interesting days to watch.
Fuck options, save your money. It’s RIGGED. Just buy scratch off tickets to get your fix
Thank you
FUCK OPTIONS
So much of this I understand in the bigger picture. I have to reread this. Thanks for the summary I needed it. Setting up my next 6 months to drs
The banks announced their plan to drop a CBDC in 12 weeks which would be mid February, just before your prediction. Wonder what that’s all about?
What’s your take on the issuance of the tokenized stock on FTX being January 26, 2 days before the buy button was shut off?
Call Options 😂 Yeah.. no.. I am only interested in DRS and locking the float, and let the chip fall where it may.. and when
I'm just saying if my predictions come true and GME is bottoming out in early March and you get all the money you can together to DRS GME for cheap. Maybe think about buying a call option for fun if you can. If my predictions have been right so far then GME is about to skyrocket and you can sell that call option for more GME if you want. Also, call options are sometimes hedged by buying shares, buying pressure on GME helps.
They could just halt GME for hours in March no? Stop the trading, say its a technical issue and nobody but us will care. SEC, DOJ etc. Aint doing shit.
In order to do that, they need to borrow shares from an ever shrinking pool. Put simply if they need to borrow say, 10 million shares and there is only 7 million available because of DRS they be fuk'd.
commi4visy
Great job! So much awards and only 2k upvotes haha
So, were the 230 million shares stolen by the DTC used to close FTD's ? If that is possible then what could RC do to combat this fraud ?
At risk of being called a shill, I include a part in my 88 page write-up where I address the DTCC stuff briefly. Honestly, I think "DTCC committing international securities fraud" is a red herring, forum sliding, and misinformation wrapped up in one. Naked shorters have the tools to operate within the current rules and still hide naked shorts. Meaning they sell shares of GME as long, but they're really naked shorts.
Is this kind of hidden advertisment for option play?
Thx OP
RemindMe! 9 hours.
I want to note that you ignore some aspect of the unsucessfull short swap: Sure the Swap writer/bank can buy a put to hedge the exposure, but now the put-writer needs to hedge by shortselling or be naked a put. At some point in the Chain there are naked positions beeing hidden.
hate to say it or happy? March 2023 is great, by that time around half of all outstanding shares should be DRSed
Hate to say MOASS could still be a little ways away. Happy to think we can and I will DRS more which makes MOASS in March even more likely.
Given the recent revelations, what if… brokers are selling shares that don’t exist, every time someone buys a share through a broker they are then able to use that phantom long as a locate?
88 Pages????..Front and back?
Nice work, thank you!
Got it, sell next Friday, rebuy in March. Sell house to buy options.
ooof...
buncha Irrelevant plots, highs and lows Predictions, witching waves and windows, pushing GME options... smells like gingerballs in here..
Don't worry I won't include call options on GME in the video version I'm trying to put together. I'll focus on DRS and how it shrinks the pool.
A
This is a lot to read plus 88 pages. I'll wait until our historian Elegant-Remote6667 has this 88 page behemoth logged and in a safe place. Weird links and great promises have a way of leading to dark corners. My skepticism says Be Cautious here.
No worries. I'm weary of links too. I'll try to put out a video version as soon as possible.
How the fuck does this have 3k upvotes is this sub over run by bots now?