Wednesday, May 05, 2021 8:48:51 AM
https://www.reddit.com/r/amcstock/comments/n5d9x5/blow_this_up/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
BLOW THIS UP!!!!
I haven't seen as much talk about this, yet it is the biggest news to come and the endgame catalyst.
NSCC-801 Passed with no objections Tuesday.
For this rule to enter effect it needs to piggyback on NSCC-002, which if no objections are made again, will be passed this Friday.
Some info that may help to explain some of the trading actions now and into the near future
Once 801 enters effect, all hedgefunds holding short positions will be monitored every single minute. They will have to report every single minute their value in short positions versus their actual money on hand. If they fail to report or their short position value crosses the threshold where it is higher than their money on hand, it's an immediate warning to deposit the funds needed to cover within ONE HOUR. Failure to do so leads to the NSCC immediately overriding operations and liquidating the hedge funds entirely, one after another until all that is left is the trillions in insurance.
This is bigger than anything. This is so big, that this rule will prevent a squeeze even a fraction of this magnitude happening ever again. It is that powerful, and with its implementation at this stage of the game... good lord. The fact this isn't at the top of all posts is mind boggling.
If NSCC-002 passes this Friday, we have entered the squeeze. Hedgefunds will be on a leash that gets tighter the more they pull.
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