Be courteous to all, but intimate with few, and let those few be well tried before you give them your confidence. -G. Washington
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Funny, I'm still laughing. You have a great sense of humor.
I agree, but both look pretty good right now. Both have a lot of upside potential, FINALLY. These bags have gotten heavy, -20K. Should start to see some positive movement tomorrow. GLTA
Failure to Deliver, is a SEC term. Naked shorting would be part of, an explanation for it.
Failure to deliver (FTD) refers to a situation where one party in a trading contract (whether it's shares, futures, options, or forward contracts) does not deliver on their obligation. Such failures occur when a buyer (the party with a long position) does not have enough money to take delivery and pay for the transaction at settlement.
A failure can also occur when the seller (the party with a short position) does not own all or any of the underlying assets required at settlement, and so cannot make the delivery.
586,157 FTD for COIN. $171,255,376 Failure Dollars. MM's are screwing with all crypto stocks
From the PDF "I started looking closely at GameStop after confirming their reported short position of 140%. It’s important for me explain this why this is so much different than the VW example...
140% of GameStop’s FLOAT was sold short. There were 50,000,000 shares in that float, so 140% of this was equal to the 70,000,000 shares the company has outstanding. This means AT LEAST 100% of their outstanding shares has been sold short. Now compare that to VW where the short position was only 12.8%... Simply put, it is mathematically impossible to cover more than 100% of a company’s outstanding stock.
The peak of the VW squeeze was reached when the demand for shares became surpassed by the supply of those shares. Here, demand represents 12.8% of their stock which must be available to close the short position. With only 1% of shares available, this guaranteed a squeeze until the number of shares available to trade could satisfy the remaining short interest.When a company has a short position with more than 100% of total shares outstanding, the preceding argument is thrown out the window. Supply cannot surpass demand because the company can only issue 100% of itself at any given time. Therefore, the additional 40% could only be explained by multiple people claiming ownership of the same share... Surely this is a mistake.. right? I thought this level of short selling was impossible..
Until I saw the number of short selling violations issued by FINRA.
As we go through these FINRA reports, there are a few things to keep in mind
:1.FINRA is not a part of the government.FINRA is a non-profit entity withregulatory powers set by congress. This makes FINRA the largest self-regulatory organization (SRO) in the United States. The SEC is responsible for setting rules which protect individual investors; FINRA is responsible for overseeing most of the brokers (collectively referred to as members) in the US. As an SRO, FINRA sets the rules by which their members must comply-they
are not directly regulated by the SEC
2.FINRA investigates cases at their own pace. When looking at the “Date Initiated”on their reports, it is not synonymous with “date of occurrence”.Many times, FINRA will not say when a problem occurred, just resolved. It can be YEARS after the initial occurrence. The DTC participant reportis littered with cases that were initiated in 2019 but occurred in 2015, etc. Many of the violations occurring today will take years to discover
3.FINRA can issue a violation for each occurrence using a 1:1 format. When it comes to violations like short selling, however, these “occurrences” can last months or even years. When this happens, FINRA issues a violation for multiple occurrences using a 1:MANY format. I discussed this event in Citadel Has No Clothes where one violation represented FOUR YEARS of market f*ckery. What’s sh*tty is that FINRA doesn’t tell you which violations are which. You have to read each line and see if they mention a date range of occurrence within each record. If they don’t, you must assume it was for one event...
BRUTAL
4.FINRA’s investment portfolio is held by the same entities they are issuing violations to... Let that sink in for a minute"
Well the PDF talks about naked shorting companies 100% or more, than their outstanding shares available. And all of the HF's who get penalized small amounts YEARS later, after being caught. Again and again doing the same, over and over. Then never being penalized when they put a company out of business. Give it a read, there's a lot to learn in it.
Here's a link about naked shorting. It's really good, called a house of cards. I got this off of Reddit. It's a very detailed PDF about Hedge Funds and shorting. The pdf confirms what most suspect and shows how hugely rigged against retail the system is. If that’s what’s happening in so-called “regulated” markets, just imagine how much shit is going on behind the scenes with BTC and the OTC market.
https://pdfhost.io/v/lRQ4HqpG0_House_of_Cards_Atobitt.pdf
" You really hit uplisting out of the park!!!
Idiots, incompetent IDIOTS!!!
That's my exact thoughts on Hut, except they're even bigger scew ups than BITF. Like you said , maybe by the 3rd quarter, the clown car will arrive at their destination.
Hut fired 2 board members, because they didn't do a a damn thing to up list to the Naz. They still haven't PR'ed any news about a time frame. The stock has tanked for 4 months now and still no news. At least BITF has gotten approval.
It's like BTC miner CEO's don't know anything about up listing, and they hand it off to their underlings, who know even less than them. Kinda like how our gov't works. The blind leading the blind.
At least BITF had the common sense to hire IssuerSolutions to help them. I hope they're better than the clown outfit that Hut8 hired, Redchip. Hut just announced on 5/12 that they were trying to up list, after filing a F-10 on March 10 . The board of Hut is a joke and I don't trust them. If I wasn't so down in the Hut, (20K) I would invest most of it into BITF. Only had 25% of my portfolio in Bitf, Now it's grown to 33% with Hut tanking down
They're still in the lead though, give them some credit for that. Not complete screw ups, like the Hut. It seems like the shorts (HF) have taken over almost the whole crypto market today. BTC is up, yet all the miners are down. Doesn't make any sense, except shorts doing the dirty work.
Like i said, I stepped back from watching too closely. It will drive me to drink. Or to the asylum, which ever comes first.
I've walked away from the market and trying not to follow it too closely, still awake though. Sometimes you just have to step back and watch from a distance.
If you think BITF screwed the pooch, you should be glad you're not as heavily invested in Hut8. Hut was far worse in up listing and behind even Hive. Lame horse, be lucky to even finish the Naz race.
I'm down a lot on Hut and have to settle for them finishing last. I was able to buy more BITF when they had their fire sale a couple weeks ago. Picked up 700 more, for $3.80 a share. I still don't have as much as BITF as I do Hut, though.
T*ur*d*, a short, losing $, I hope.
I'm not that brave. I bought mine for June 18 $29 call, a little more realistic.
Friday sell off, sh*t happens Those stupid people again, with up listing news, at any time.
There are a lot of stupid people in this world. Most are D, but others who invest.
We will see, I always worry about the Friday sell off with the impending weekend. Hopefully not this time, with BTC already so low.
Thanks for your post on options, I just doubled my investment. I only put in $1200, and now hsve $2400.
Yeah Argo is on deck, I just don't know how it's going because of their SP, being so low.
Walter Brennen must have have been where my Dad got it from. I'm 60 so I still remember him, I just don't remember him saying it, just my Dad saying it.
Yeah, both will be the same. It's no different than Argo; If Argo closes out on the OTC at 2 dollars the next day in Germany it opens up the same amount of U.S. equivalent dollar amounts in German currency. Then in London Argo will open on the same German equivalent , but in British pounds.
That's 3 different stock exchanges all working in cohesion with each other on openings.
Of course, a lot more Tutes buying and lot more retail. Volume will increase dramatically and with it the SP. everyone likes to say that their are a lot of shorts on the Naz too. Yes there are, but more long investors too.
You can check out other companies up listed to the Naz. Most only took a couple days, after getting approval,some a little longer. But next week or even today is possible for the Cert. to appear on EDGAR.
Bitfarms Filed the 40FR12B, then 7 business days later they announced Nasdaq approval. So , hopefully have some more news next week for HIVE. The way I am seeing it there are 2 different ways to go about up listing. Hut 8 is taking the 10-F way, BITF the 40-FR way. Both can get a company up listed.
It's definitely coming, if not this week, next week, I can wait.
yeah it is, I just bought some RIOT and MARA options, I'm going to make something out of this , dagnabbit. It think that's a word. My old man (dad) used to say it when shit went wrong.
Great earnings for Q1 means nothing, F'ing Musk
It's going to take some time, but I still don't see either one, over taking RIOT or MARA any time soon. Both have a lot of EH in the works, more than BITF
Agreed, The only rich Smart guy I can think of is Buffet. The rest are clowns and should be sent back to the circus from whence they came.
All Canadian miners are under valued. Even the real miners of gold, silver, diamonds etc. Naked shorts are killing the Canadian exchanges. Their was an article about this a couple weeks ago, about the gov't doing something about it. Of course nothing is being done. Canadian gov't is no different than American, useless politicians who only care about re-election, not the people or companies being ruined.
Maybe put Bezos and Gates on that trip to the milky way , with him. And both are asses just like Musk and all 3 need a one way trip . Rich idiots with too much $ and too few brain cells.
What's that work out to about .31 a share quarterly earnings, compared to -.11 last Q1 Wow that is something else. Damn Elon has to ruin it for us though.
40FR12B filed on Monday. It took Bifarms 7 (business) days to get approval after the 40-F. So approval onto the Naz is only a week or two away. The future is looking brighter.
No cost no loss. I think that these college kids at Stanford are trying. Maybe it will work, maybe it won't. Wait and see is all we can do.
It could be, might not be worth a plug nickel, but it also could be. We just don't know. Doesn't cost anything to mine, so I continue, I now have 78 Pi at no cost so I'm gonna let it ride. Doesn't kill my phone battery either
I'm already crazy, and Hut wants to take me broke. So 50/50 score so far and leaning towards a !00% if this doesn't up list soon.
I don't think it will rise enough for me to "sell the news" Bagholder I am, sold 1100 shares just the other day, when I re-entered Hive. Drove my avg. SP higher already. Now if it would rise 37% then I would sell. But, I know it won't and not getting my hopes up
Still isn't going to move the SP, not bad news , not all that good either
Invesco Elwood Global Blockchain UCITS ETF. Is the Tute that had a magic crystal ball that predicts the future,lol. Or maybe a little Insider Information. I just want to know what the fund manager found out, before dumping his 3 million shares. CS was just the broker for Investco. The new owners of 2 stocks ready to up list onto the Naz.
I really want to know what information was given to Investco, to make him want to sell the 3 million shares. Something of that magnetude could not have gone unnoticed.
With a little bit of insider information we coild all be fund managers paid to make the right investments. With a little bit of help from insiders.
OK, great post. I, like you, already knew about the blood coin vs. clean coin argument. I thought, maybe that might have been the reason for CS dumping of Hut. But CS already knew about the blood coin vs clean coin controversy as well. Before they bought 3 million shares of Hut. I am glad that Hive is now going to up list.
I thought I would be able to use a margin account with my Hut acct. to use a little leverage to purchase some Hive with. I sold my Hive pusition when Frank announced he wanted to list on an Asian market and not the Nasdaq. I sold some Hut shares today, at a loss, In order to re-enter into Hive. I still feel like most investors of Hut a painful feeling in my anus after being screwed by Hut8
Like you 77Port, I didn't like the 40-F put on EDGAR by Bitfarms. Yet they are approved for up listing. My question I now have is, What was Credit Suisse told. When they dumped 3 million shares of HUt8.
CS, being a large global Banker has information that we paens will never have. But, who told them that the front runner in the Nasdaq race was not the front runner any longer. Which is why CS, on the same day they dumped Hut. Bought into Bitfarms and Hive.
After just losing billions of dollars I can understand they didn't want to loose any more $. Why weren't retail investors informed of any bad developements with Hut, didn't they think we would care about losing $.
So I thought, but Credit Suisse sure knew, more than we did.