The MOASS…the mother of all short squeezes.
It is coming and right now might just be the biggest opportunity to get in on the ground
floor of the fireworks.
You think I’m talking about Bitcoin or a cryptocurrency?
Well not really, but yeah I kind of am.
Find out exactly what I mean in about 10 minutes, because it’s time for Chico Crypto.
If you know anything about anything in the stonk world, MOASS, the mother of all short
squeezes, refers to gamestop and it’s stock GME.
GME, should have broken out and squeezed the hedge funds shorts on multiple occasions,
but the game has been rigged against them…
All the way back in early January of 2021, it began…GME went from around 11 dollars,
and due to new hires like Ryan Cohen, the stock started to surge.
The MOASS was beginning…and hype took over with the general public and on subreddits
like Wall St. Bets.
By the end of January, the 27th to be exact, the stock peaked at 483 dollars squeezing
some of the top short selling hedge funds in the stock world…but on the next day,
platforms like Robinhood restricted the trading, specifically they turned off the buy button.
The only thing people could do was sell the stock…leading to its plummet.
Now this Tweet during the first MOASS attempt explains what went down very well.
The Wall St. Bets Chairman said “Citadel is a hedge fund that owns Melvin Capital Management.
Melvin is a GME short seller predicted to lose billions due to the people taking the
free market back.
Citadel owns the app Robinhood.
Citadel banned purchases of new GME shares on Robinhood.
Market Manipulation.
Well it happened again…just here recently.
The stock GME surged and short’s were getting eaten alive back on its way to 500.
There were even people whose phone notifications went off saying their calls at $490 were in
the money, meaning the price was hit….
But what do you think happened?
Well trading was halted once again, this time on the major exchanges including the New York
Stock Exchange, NYSE…and of course this made the price crash, from this chart you
can see the gap, where trading was halted and when it resumed…back down to even below
where it started…
The powers that be snuffed out the MOASS, once again.
The game is rigged.
So what is Gamestop going to do??
Well they aren’t going to play Wall Street's game anymore.
They will sidestep the powers that be, legally, using crypto, NFTs and blockchain technology!!
On 3/31 Gamstop announced a stock split by submitting this 8k form to the SEC.
In the document it says “On March 31, 2022, GameStop Corp. announced its plan to request
stockholder approval at the upcoming 2022 Annual Meeting of Stockholders for an increase
in the number of authorized shares of Class A common stock from 300,000,000 to 1,000,000,000
through an amendment to the Company’s Third Amended and Restated Certificate of Incorporation,
in order to implement a stock split of the Company’s Class A common stock in the form
of a stock dividend and provide flexibility for future corporate needs.
GameStop also intends to request stockholder approval at the Annual Meeting for a new incentive
plan (the “2022 Equity Plan”) to support future compensatory equity issuances.
So this isn’t diluting existing shares, it’s about issuing a stock dividend.
Stock dividends and stock splits are two terms that are generally used interchangeably when
they shouldn’t be.
The critical difference between stock dividend vs. a stock split is that while stock dividends
allocate shares free of charge to current investors based on their existing investment,
a stock split divides existing shares into multiple units to expand the number of shares.
So GameStop is issuing the new shares as a dividend, which is a kind of "reward" for
the investors.
Short Sellers or institutions that have lent their shares are not entitled to the dividend
, the lenders will take back their shares to be entitled to the dividend.
So what is the plan with this new security aka dividend that will be given to investors?
In my opinion, Ryan Cohen and Gamestop will announce soon that they will issue the stock
by a dividend that will be delivered in the form of tokenized securities.
Where will these tokenized securities be issues to?
To the Gamestop Wallet for the NFT marketplace.
I mean, given what has been going on with the regular stock, it would be just straight
up irresponsible for the board to issue new shares into the regular stonk trading world,
controlled by the DTCC.
Now I’ve had this theory for a long, long time…putting out a couple videos back in
June and July of last year, diving into the reasons this may be coming.
Although, back then…there was a certain hire, which made me think this was coming.
Let’s listen in to what I had to say about the hiring of
Jordan Holberg.
Jordan has previously created an NFT which can attest to a person’s holdings, aka shares
of a cryptocurrency or GME stock.
So mine, and many others theory is this.
The existing shares which should total 76 million, would remain where they currently
are and can continue to be traded through a broker on the public stockexchanges.
The new shares that are issued will then be traded on GameStop's own marketplace via NFTs,
crypto and blockchain technology.
Why do I believe this??
Well there is a new batch of bread crumbs pointing to just that which will make the
price do unbelievable things.
How far will it go?
Well before I get into the new evidence and what could happen to GME’s price, it’s
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Now back to that new evidence and where the price could go…now everyone knows that Gamestop
is launching an NFT marketplace very soon, in collaboration with Loopring.
Loopring put out a blog post about the partnership March 23rd…
Well there was a part of it that was leaked and quickly edited.
Here is the capture of what was edited out of the blog.
They said “Gamestop, in partnership with Loopring, has the opportunity to cement itself
as the forefront of this new NFT and Gaming paradigm, and become THE destination for new
global digital economies.
And become the new destination for new global digital economies.
Sounds like they are building something more than just gaming NFTs, something financial.
Which ties in very nicely to Byron of Loopring’s pinned tweet, about re-architecting the global
financial system with some friends.
Then there is this…late march, Gamestop saw two big insider purchases of their stock,
one person was Ryan Cohen, the other person was their board member and director, Larry
Cheng…who also tweeted about their increase…
Well Larry gave a big ole hint back in November of what was coming regarding GME.
He tweeted “It feels like we are headed to two different financial markets.
The traditional one, where institutional support is the driver and the decentralized one, where
community support is the driver.
When these two worlds meet in the same asset, there will be fireworks.
So what type of fireworks?
What will GME do price wise??
Well if you didn’t know Tesla - which was also plagued by notorious short-selling - did
a similar stock split in 2020, they announced it in March of that year and in August it
was done after shareholders voted "yes" at the annual meeting.
What happened to Tesla’s price…well there was a great post put out comparing the two,
GME vs TSLA.
Tesla 52 week low prior to the split and dividend was 350.
Upon announcement of the dividend, Tesla closed at 500.
Ar the time of the shareholder split vote, Tesla was at $1450.
ON the date of record for the receipt of the dividend price was 2050.
Just before the dividend, 10 days to be exact the price was 2210.
After the stock underwent the 5 to 1 split, the price was $442.
Shorts had to cover throughout the split process, Tesla rose to $1243.
Adjusting for the price prior to the split, we multiply by 5 to obtain $6217…What’s
going to happen to GME???
Well we have a ton of events to fill in…expect fireworks.
Cheers I’ll see you next time