I thought their stockholders were super into direct registration to trigger the "mother of all short squeezes" when (or so the conspiracy went anyway) all the evil hedge funds would have to buy back their alleged naked shorts for infinite money. That doesn't really play well with Gamestop putting 1.5 billion extra shares on the market, which is basically exactly the reverse of a short squeeze and would surely push down prices.
Or was this a 2022 thing and Gamestop investors have moved on from diamond handing?
They're in an entirely alternate reality where those evil hedge funds did not fleece them for all they're worth. They got had, by GME insiders and by institutional investors. And, lots of people warned them, but they had belief and diamond hands.
I hate that this shit goes unpunished. Though, I guess the apes got mad as hell at anyone that tried to talk them down, or did anything to slow the bleeding.
The apes did get punished though? And the hedge funds correctly took advantage of irrational behavior by other actors in the market. This is how price-finding in the markets is supposed to work, I can barely call that "evil".
No, I mean the GME insiders who made a bunch of money off the apes, pretending to be on their side. They may be gullible and ignorant about the market (and very annoying online), but it's shady as hell that GME leadership hasn't been forthright about the state of things.
Or was this a 2022 thing and Gamestop investors have moved on from diamond handing?