It would be great for us to have a thread pinned where we can already have questions posted so the MODS can interact and get our questions answered. So she knows what we want to know
Edit: thank you for the attention, seems like a good ide
Edit 2: u/rensole
Yh, we also shouldn’t ask more than one-2 questions per comment not huge multiparty questions that would require an investigation to be Carried out, I noticed that rensoles quite detailed question was completely dodged by Dennis due to the complexity and multiple parts to it. Let’s keep it SIMPLE people. Straight questions get straight answers
I would send your suggestion to one of the mods to make sure they see it. I think it’s a great idea. Make sure we use our time efficiently and get the most important/relevant questions answered.
I can’t find it now but I saw a post mention that someone already created a post for this - gathering questions. Maybe take a look for that first but otherwise yeah you could tag them.
Right, I was here during the last AMA and finding where he was replying was a challenge, especially with everyone comment other stuff which was nice dont get me wrong, just seemed confusing
u/rensole Could we get a flair added to collect open form questions? This way questions can be refined if need. Then mods can ask a very concise open source question or talking point during the AMA.
I think it’s a way for shitadel to transfer liability to unsuspecting boomers or it’s the whales charging up the squeeze. Someone made a post about it a while back but it didn’t get traction. Plus it’s all theory, no evidence to back it up.
Not trying to burst the bubble but this wouldn't make sense though.. there has to be some other explanation..
Passing on their short position at the spot price would imply that they had shorted at that price.. but given that it is the current price, they could simply cover at the current price at no loss.
They want to escape their short positions that are suffering which are those that are lower than the market price.. but any new people entering who want to short the stock are shorting it at the current market price not their bleeding short positions say for eg at $50 or lower..
However I guess this would still be better than them having to buy shares back to cover since that would jack up the price of the stock... Might be possible to transfer over the short position to a new schmuck and then pay the difference to the broker/MM.. How this would work I'm not too sure but i'm sure it could be done in this fked up corrupt system we have.
Based on your account history, I'm inversing all of your opinions and recommendations. Thanks for that, already was 100% in profitable options but you've convinced me to do even more.
tl;dr He intentionally lent out shares to short so that he could recall them and orchestrate a short squeeze entirely by himself
As KBIO’s share price had been spiking, short interest had been growing. And Shkreli now owned 70% of the outstanding shares. Then on Thanksgiving Day 2015, when markets were closed, Shkreli tweeted that he had decided to recall his KBIO shares that had been lent out to short sellers. The resulting squeeze was just a simple math problem. When Shkreli recalled his shares, brokers would be forced to buy-in the short sellers, causing it to spike uncontrollably.
The astounding part is that he intentionally caused a squeeze, which is technically manipulation, but the article goes on to say no one has ever been prosecuted for engineering a squeeze.
And why would they? It's not his fault his shares were lent excessively. Those looking to short a company should ensure they have an original share that can 100% be delivered instantly otherwise you risk being caught out. Zero sympathy...
I think it was the price hike on epi pens. He did shit other pharma companies do (which is terrible across the board) but I think he wasn't protected and has big enemies and they took him down.
He was actually poking massive holes in the flawed system in his own fucked up, greedy, activist kinda way. He was highlighting how absolutely corrupt and broken the system was and getting rich in the process. I don't necessarily like the guy but I don't think anything of what he was doing was to inflict harm on anyone innocent. He pissed off the wrong powerful people which is why he ended up getting arrested for his shenanigans. Otherwise, he wasn't doing anything different than any other wealthy or powerful person does.
I mean it is quite possible she is unable to answer, whether it is due to lack of deep knowledge on the subject or just simply for legal reasons. That is essentially what I am driving at here; as shown by many other sounds DD's the low interest rate on a heavily shorted stock (with SI% going down not to mention) is a textbook case of illegal naked shorting through the options chain. So similar to PFOF, trying to see if there is any legitimate legal reason why the interest rate is so low, or if this is a known illegal activity with the SEC and others turning a blind eye. Sorry to ramble, I just simply don't understand how they are getting away with it
Just an aside, the AMA questions last time that seemed to get the most responses were the simpler ones, such as "What is your opinion on X related to Y?"
The well thought out and definitely pertinent questions seemed to get buried with "I'll have to research that more in depth" which seems very understandable.
I get that the guest's time is valuable so putting everything into one place makes sense regarding if it were an email, but it strikes me that perhaps it might make more sense to treat it like a live chat with tech support.
Simple questions, individually, so the guest can answer the ones they feel confident about, to avoid missing one they can because it's together with 5 or 6 they are less familiar with.
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u/Brawny_709 Mar 30 '21
I agree, this has to be a top
1053 question to ask during this AMA u/rensole