/biz/ - Business & Finance

>>27058165

The loss potential for companies on the hook for these questionably legal short-sold stocks is literally infinity.
By exceeding 100% of the stocks that could be shorted (hedges *knowingly* shorted it over 138%) they broke the market math, like a divide by zero.
Thus, by that same math that governs markets, the potential for price per share goes to infinity. This debt keeps accumulating until they have bought back shares.

We hold the shares, but, obviously there is not "infinity" dollars available on Earth.
But what it does represent is that, for ANYBODY in the ENTIRE chain of accountability for ownership of these loans on short stocks, owes literally everything they have.

As you can imagine, a lot of the wallstreet types caught in this giant net of debt are not happy.
As you can also imagine, nobody in the world is happy they did the same thing that created the 2008 crash, except perhaps now bigger

But consider this :
Shit is coming upstream with climate change, and you or i who are small can't do shit about it, because ever since '08 and this pandemic more of our wealth gets siphoned up to these companies and ultra rich that just sit on it
The capital being sat on represents the assets we need to move into action and labor with work that is focused on unfucking ourselves from climate death. Going green, nuclear, bioplastic, electric vehicles, better public infrastructures, sequestering carbon, rebuilding animal populations

This moment is a chance for THE redistribution of wealth the human race needs at this moment of time to survive, and the best chance of it with the least violence involved.
If the wealthy just sit on capital refusing to do anything with it as the world slowly dies, humanity's last collective action will be cannibalizing itself on the way down, crabs in a bucket.

EMERGENCY CABINET MEETING OF /BIZ/

WHAT'S TO STOP ROBINHOOD FROM TRYING TO BLOCK US ON SALES WHEN THE SHORT SQUEEZE OCCURS, JUST AS THEY ARE NOW BLOCKING US GOING INTO THE DIPS?

We need to assess them as an enemy agent working against our gains, and either conceive mechanisms to combat their block, or to divert around it altogether.

I'm currently exploring the option of moving shares wholesale over into a Fidelity account which will take 1 week, but should come in before the short squeeze.

I want to believe Robinhood HAS to let me sell, but then look at this shit today!
Even though blocking sells might be illegal as fuck, what if they're willing to pay the courts rather than pay on the shorts?