Reply to Robin Hood just ended trading on GameStop and AMC

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Did WSB uncover a huge scam walk street had been running?

https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/

Basically, the allegation is that there may be more shares floating around than actually exist!  Wall street has been creating fake shares, and if you bought gme stock you may only have an iou for a stock, not the actual stock.  The number of failures to deliver for GME is perplexing, and Michael Burry was wondering why it took 3 weeks to deliver shares when he requested delivery of the ones he owned.[/quote]

Um, the fact that short interest rose above 100% is neither illegal nor hidden.  [/quote]

Naked short selling is illegal.  But the question is who is doing it?  The funds? And if so, are the clearing houses and DTC in cahoots? That's gigantic fraud.

Users on WSB showed some whacky sales, where RH showed shares of fractional holdings sold for over $2000. They literally posted the screen shots.  Fractional shares don't exist, meaning it is RH shares being sold, and RH accidentally leaked info on how the price of true stock trades.  Funds and wall street are using counterfeit shares to artificially drive the price of the stock down, harming retail and other investors.

People are now starting to day that everyone needs to call up and demand physical delivery of the shares so that there can be a true count of the total number of real shares out there.  If it ends up being the case that GME is being manipulated with 100-200% more shares than actually exist, it is a huge fraud and a crime that goes high up. WS may be terrified they're getting exposed, which is why they are trying to block retail from buying shares. [/quote]

They should not allow brokerages to lend out shares at all.[/quote]

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