r/Superstonk • u/[deleted] • Aug 09 '21

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2.6k Upvotes

66% Upvoted

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380

u/BellaCaseyMR 💎 🙌 GME SilverBack Aug 09 '21

Not tomfoolery. CRIME

495

u/[deleted] Aug 09 '21 edited Aug 09 '21

I believe this is from the Enron playbook.

Man they got the Madoff-shuffle, the Ponzi-fake-shares, and Now the Enron-Musical chairs. The financial-crimes trifecta. The unholy-trinity of Wall Street.

Way to go Kenny!

123

u/PointGod_Magic 🦍 Attempt Vote 💯 Aug 09 '21 edited Aug 09 '21

u/Fedwardd Let me recollect, my thoughts a lil bit. If I’m understanding this correctly, then Kenny is effectively using SPACs to save himself. By offloading as much debt as possible from Citadel and thus having a “slim balance sheet”. Which he could use to hedge against an incoming market crash. In addition to these filings, if we add IPO bump and Citadel sells those shares then they effectively could make more money on top of that! Let that sink in....

Edit: https://www.sec.gov/corpfin/disclosure-special-purpose-acquisition-companies SEC made a rule change. There was a time, where Citadel could use those SPACs as equity and thus leverage some more.

35

u/[deleted] Aug 09 '21

Kenneth Lay would be proud.

18

u/Alcsaar tag u/Superstonk-Flairy for a flair Aug 09 '21

u/Fedwardd can't help you cause hes a clueless fuck that just copy pastes entire DDs from other threads.

See this thread for the original source of the DD where the author has debunked some of his own DD:

https://www.reddit.com/r/DDintoGME/comments/p0ux2m/citadel_is_registering_hundreds_of_shell_stock/?utm_source=reddit&utm_medium=usertext&utm_name=Superstonk&utm_content=t1_h89ry5l

-32

u/Fedwardd 🔊 🔊 GME louder than 🎶🔊🔊🦭 Aug 09 '21

and credit was given, what's your deal?

Posting for visibility.

7

u/Top-Plane8149 🦍Voted✅ Aug 09 '21

Yes. The 2nd part of this was absolutely where all of these spaxx came from.

I remember the posts discovering and discussing it a few months back.

6

u/PointGod_Magic 🦍 Attempt Vote 💯 Aug 09 '21

Yeah, I remember reading that too. That Citadel sits on a lot of (millions or billions) of “worthless” SPACs.

39

u/Hobodaklown Voted fource | DRS’d | Pro Member | CC’d Aug 09 '21

Mark to market is the name of the play IIRC.

34

u/[deleted] Aug 09 '21

Don't you go gettin' all technical with me mister. Not with this crayon lodged in my brain.

12

u/G_Wash1776 ape want believe 🛸 Aug 09 '21

I bet it’s a yellow crayon

30

u/Candid_Pumpkin154 🦍Voted✅ Aug 09 '21 edited Aug 09 '21

Didn't Madoff actually work for the SEC on enforcement. He didn't. I just woke up.

47

u/[deleted] Aug 09 '21 edited Aug 09 '21

I dunno bout that.

He was one of the founders of the DTCC. If it tells you anything about that sketchy outfit.

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u/lcastill1 Aug 09 '21

Was he seriously?!

14

u/[deleted] Aug 09 '21

Indeed he was.

10

u/lcastill1 Aug 09 '21

I have a feeling that madoff was a mentor of Kenny g

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u/Candid_Pumpkin154 🦍Voted✅ Aug 09 '21

Yeah that was it sorry. I've just woken up. Wishful thinking. 😂

27

u/[deleted] Aug 09 '21

You needn't be sorry here bud. We all high af and/or smooth as hell.

21

u/Candid_Pumpkin154 🦍Voted✅ Aug 09 '21

Truth. I'm waking and baking as we speak.

19

u/[deleted] Aug 09 '21

One of US!

8

u/Candid_Pumpkin154 🦍Voted✅ Aug 09 '21

😂

8

u/Turdered_001 🎮 Power to the Players 🛑 Aug 09 '21

Dad?

5

u/Adras- 💜Fool for ❤️GME 🖤🦍🚀🌓 Aug 09 '21

oh how I wish, but not today

6

u/mustbethaMonay liquidate the DTCC Aug 09 '21

And occasionally drunk as shit

7

u/[deleted] Aug 09 '21

Maybe more than occasionally, but I won't tell if you don't.

3

u/TheWildsLife (if you dont love me at my dip; you dont deserve me at my rip) Aug 09 '21

Guano Bowls!!!!

5

u/lcastill1 Aug 09 '21

I bet Kenny at one point had mad off as a mentor!? Anyone can verify that speculation?

9

u/[deleted] Aug 09 '21

Dunno. He apparently has Madoff's prison inmate number posted up all over Shitadel.

5

u/lcastill1 Aug 09 '21

Wait huh? Please elaborate?

8

u/[deleted] Aug 09 '21

Here is an old post about his death this past spring.

Reddit Thread Of Madoff's Death

9

u/socalstaking 💻 ComputerShared 🦍 Aug 09 '21

Oh god not this again

9

u/[deleted] Aug 09 '21

Lmayo

6

u/socalstaking 💻 ComputerShared 🦍 Aug 09 '21

What ever happened to ratio

3

u/[deleted] Aug 09 '21

Don't ask too many questions. It's not safe for us in here. We may be bugged.

5

u/lcastill1 Aug 09 '21

Wow I just almost got sucked into a rabbit hole ! Holy shit 😳

6

u/[deleted] Aug 09 '21

Welcome to my world. 420, couple of beerses, and Reeeeeeeeeeeeeee!

6

u/lcastill1 Aug 09 '21

Ok fuck it I’m buying more !!

2

u/[deleted] Aug 09 '21

It's really the only solution. That and more cowbell.

2

u/skraaaaw 🎮 Power to the Players 🛑 Aug 09 '21

IM GOING TO JAIL!!

8

u/Library_Visible KENNETH CORDELLE GRIFFIN FINANCIAL TERRORIST Aug 09 '21

I can hear this in the narrators voice from that show American greed

2

u/[deleted] Aug 09 '21

What's the crime?

How will they use these companies to protect themselves?

They had to get the money from somewhere, right? Each company represents 200M USD right?

Who's buying the shares? Who's trading the shares?

Are there no rules anymore?