/biz/ - Business & Finance

Dominoes that have fallen for those not following closely:

>1. Ryan Cohen buys into GameStop before Jan 2021.
>2. Shorts get squeezed by his large stake + a retail following and are found to be naked short.
>3. Cohen gets appointed chairman of GameStop.
>4. Ousts a company insider who has ties to Boston Consulting Group, a group who later was caught in a legal battle with GameStop as well as one which has heavy ties to many of the financial institutes theorized to be maliciously naked shorting multiple retail to bankruptcy. Shorts have been utilizing ETFs and Swaps to target multiple companies at once and by avoiding traditional securities laws.
>5. DRS movement starts with retail holders, GameStop acknowledges the movement by including DRS numbers in quarterly filings.
>6. GameStop's balance sheet starts to turn around due to the squeeze providing the company cash on hand and a shutdown of unprofitable stores.
>7. GameStop initiates a Stock Split Via Dividend (rather than a normal split), which the CTO (who has since been fired) submitted to the DTCC as a normal split by "accident," which would have forced shorts to close their position.