WSB was aware that gamestop has 20 million reserve shares that are set for public sale but currently unowned. The paperwork is already fucking done. Those shares have been listed in filings for several quarters, but not put out because it would obviously tank the price.
60 million shares were on the market
The fund shorted about 75 million shares.
Gamestop and the fund either did something plainly fucking illegal, or there's been an agreement to put those 20 million shares out for sale.
posted in another thread
WSB was aware that gamestop has 20 million reserve shares that are set for public sale but currently unowned. The paperwork is already fucking done. Those shares have been listed in filings for several quarters, but not put out because it would obviously tank the price.
60 million shares were on the market
The fund shorted about 75 million shares.
Gamestop and the fund either did something plainly fucking illegal, or there's been an agreement to put those 20 million shares out for sale.