/biz/ - Business & Finance

Anonymous Thu Jul 21 05:45:29 2022 No.50480107 [View]
File: 180 KB, 1165x851, 1586284127125.jpg [View same] [iqdb] [saucenao] [google]

>Be me
>Sitting on the toilet
>Read pic related
>Suddenly have a revelation
>If I buy shares on a broker today, and I wait for the split, and AFTER it splits I DRS more shares, I'll effectively be taking the brokers only real shares
>The remaining "temporary shares" are backed by nothing, because the shares I DRS have to be accounted for (from their current existing pool of shares)

Post split, this could bring down entire brokerages... They have to physically own a fixed amount of shares and the split is going to widen that gap considerably

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