Thank you for taking the time to clarify. I appreciate it.
I am still however struggling on how they would ever be able to repay a short on more than 100% of stock.
They could, theoretically, buy every single unit of GME stock that exists (and their is a finite number) and still need to pay back 40% MORE than that. Right?
I've got to be mildly retarded for not understanding this. I'm sure it's something obvious I'm missing. But I can't seem to grasp it.
I imagine something will get shut down and the investors will default on the loan.
Or
Gamestop will just issue more stock
Or
Investor will find some stock to buy and sell it to you. Then immediately offer to buy it back from you at a higher price. Just so the investor can turn around and sell that stock to someone else.
Repeat until the stock has changed all the necessary hands. Making it seem legal even when it wasn't.
This makes some sense. So shares could be traded multiple times?
But then, every new borrow would require a new return. It would be like cutting an inch off a blankets bottom to sew it on the top.
You don't actually get a bigger blanket.
Curious, why did you thank him but not upvote any of his comments?
Unfortunately, I often unintentionally disregard up voting people I am engaging with.
Thank you for the reminder, I will do so!
One to you as well!
Cool. I just notice a lack of upvoting and I'm wondering if I'm missing something. They don't matter, except to indicate whether things are being read and how they resonate.
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