/biz/ - Business & Finance

>>52785603
2/2

>eew eew llams a evah I

>Gamestop removed their credit rating, usually done prior to a merger and Acquisition

https://www.reddit.com/r/Superstonk/comments/nnt97f/reverse_merger_naked_shorts_covering_the_golden/

>" Once that CUSIP changes, the naked shorter has no apparent way to close out the naked short position. No stock under the old CUSIP number exists anymore; it all automatically converts to the new CUSIP. "

So by becoming a new CUSIP from the merger, naked shorts MUST close positions, they cannot hold onto shares with a CUSIP that does not exist. So Options, Swaps and any other mechanisms they used to hide them are poof.

So by Merging with BBBY, Teddy, GMERICA, GME Entertainment, a new CUSIP is formed whereby naked shorts are utterly and irrevocably fucked