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by yucky 1300 days ago

    > I don't think this is possible?
Companies issue new shares all the time. As far as dilution goes, I'm speaking less about per share price and more to the plan to register all of these physical shares. It reminds me of the math problem about going halfway to the doorway with every step, and trying to decide how many steps it will take to finally cross the threshold. It can't ever happen.
2 comments

The thing they’ve got going for them is, so long as more shares don’t get added like you say, the closer they get to the goal the more likely people will be to join in. If they’re at 60% now like they say they are (find out for sure in a few days) I think things are going to start snowballing, either this quarter or next when they presumably cross the 66% or 75% marks. People will jump on the bandwagon just for the fun of it to “stick it to the man”.
Has it ever occurred to you that this is a scam perpetrated by people who don't want to be left holding the bag?

Have you looked at how the underlying financials look for GME?

Yes it has absolutely occurred to me that it could possibly be scam. As I said in my original comments, I have no shares and I am watching as an outside observer. As this is unprecedented, no one can say with 100% certainty who is right or wrong unless they succeed in their mission of locking up the float. It is quite possible that both sides are right - that there is both rampant fraud and an unviable company. Only time will tell.
Normally it wouldn't hit 100% but this isn't remotely a normal case. Further, each percentage point more DRSed, causes huge problems for these hedge funds who naked shorted.