Excellent post !!!! You are spot on ! They have to flush out all this illegal naked shorting and stop the printing of unpaid shares. My guess there is 1.5 billion shares naked shorted in DBMM. There is not enough shares to cover that amount. Maybe 150 million shares held by shareholders on this board. Management would have to sell their positions into a short covering to provide enough shares to balance the trading. Still not enough. Good luck to all and stay safe !!
The winds of change are rapidly aproaching, hurricane force winds that is. Already even the DTCC have been pre-empted, overseas investors/institutions/hedge funds are being subject to margin calls on various stocks in the US market. Instant liquidation of assets to force the covering. DTCC will join the fray very shortly otherwise the govt will be on the hook for TRILLIONS in liabilities, the buck has to stop somewhere. The Govt has no intention of being the fall guy.
Back in 2008 Lehman & Bear Stearns were left to die on the vine, same thing in 2021 will happen. Citadel/Melvin will be first dominos to fall, others will quickly follow. The entire OTC market has been naked shorted in a massive way since at least 2005 and the Reg Sho loopholes were exploited to the max while the SEC slept at the enforcement wheel and fed at the trough to boot.
No longer will this be the case as those naked short positions are forced to be unwound. Fundamentals are no longer applicable, once the process gains steam all those stocks with major naked/synthetic shorts are going to see their stock price rise like never before.
The SEC will become irrelevent as new laws will be introduced to protect the Federal Reserve from being liable. They see what is ahead and steps will be taken to stop this from ever occuring again.
Great times lie ahead, especially for the likes of DBMM. Hold,hold for as long as you can, let out a little at a time once it has skyrocketed. We are talking Dollars here. This Co. has been naked shorted to hell. This is not just about one guilty party, this involves multiple partners in crime, Broker/Dealers, hedge Funds, MM's etc. Thats why we get multiple, constant attention 25/7.
This situation will not re occur at any point in the near future so make the most of it, retirement and secure futures for your children await. Dont get a rush of blood to the head, be calm when PINK hits. The covering will take longer than most realise, prepare for a long seige.