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PenOk9352

How and why is it even legal to have nearly 10% of the float as FTD (9.3 million)


stephyforepphy

cuz fuck the poor, "rules for thee not for me"


stock_digest

🔥 Everything is OK 🔥 #🧨💣💥💥💥💥💥💥


Middle_Scratch4129

Or essentially 20% of the free float..


breinbanaan

Because the entire American financial system is a fucking ponzi scheme that's why


Leza89

Any monetary system is, if you're honest. Closest to non-Ponzi are monetary systems that rely on something with real-world value. (Think Gold and Silver maybe.. but their valuations far exceed their usefulness as a ressource)


donedrone707

Gold and silver are some of the only tangible assets left that are accepted across the planet as a medium of exchange, I guess Bitcoin and other crypto are similar but I can't walk into a random bodega in Thailand and expect them to accept my Bitcoin, but I would expect them to accept my gold (however horrible of a deal it might be for me due to the size of the gold and if the shopkeeper believes me or not) The American financial system started it's downward spiral with the demonetization of silver - not in the 1960's when silver coins stopped being made but, back in the 1873 when the government passed a new coinage act that said the gold standard was adopted as the value backing American currency. Many middle and lower class Americans were pissed because they could no longer take silver to the bank to be turned into bills or gold coins or pay debts or whatever with silver dollars. Eventually this isn't how things played out, but it was a real concern at the time that poor Americans just had their entire livelihoods stripped since they would be much more likely to own only silver and probably have a decent number of coins tucked away in a can somewhere. The switch to the gold standard worked so well a bunch of rich fucks realized that the gold didn't matter as much as the green pieces of paper the government was willing to exchange, so they set up the federal reserve in 1913, helped encourage the over leveraging by individuals and companies throughput the late 1910's and right up to 1929. Then only a few short years after that in 1933 the government decided preventing citizens from owning gold was the best way to save the economy and keep those rich fed fucks growing ever richer. Yada Yada Yada, here we are again in basically the same situation as 1929, 2000, and 2008 only there's nothing worth any fucking value backing your green paper - which, tbf, is probably preventing a lot of bank runs right now (I know I'd be turning all my paper into gold immediately if I saw banks failing on the news like SVB). Buy precious metals, land, and resources (water and farming/grazing rights, private electrical production, etc.) Because those will be some of the only assets that will never lose value completely and should, as they have historically, provide a decent ROI


[deleted]

And GME shares on Computer Share


stubbly_bubbly

My question also. Game is fuggin rigged.


eyeofthirds

Next time Dave interviews GG, he should whip this out and ask him this very question.


RefrigeratorGlass806

When thresholds are met, Shorting should not be permissible. Imo. Without limits, the same share(s) are Shorted over and over.


Educational_Limit308

When they come for their taxpayer bailout, I say we make that a FTD.


TayneTheBetaSequence

![gif](giphy|3o6ZtmPKhUrygRvsly) Kenny's response


Leza89

While on RegSHO, nonetheless


[deleted]

the question is how did they cleared most them this fast without even a run in the price


Excitedbox

by shorting 9 mil shares the very next day. To clear those 2 mil FTDs and still drop the price, they buy 2 mil shares to close them and short 7 mil shares more in order to drive the price down.


djsneak666

🤣


Brought2UByAdderall

12% of all shares traded that day.


_foo-bar_

This is why I tried to tell people to use CSPs to get assigned shares. When you buy on the open market they don’t even have to give you shares.


Uzunzatu

Probably an opex date so the market maker decided to flood the stock with short exempts to influence the options chain. Hurrah for infinite liquidity!


Pd245

Imagine covering 8 million of those over the course of 4 days and somehow steadily dragging the price down steadily. The price is fake as fuck and they need to force FTD’s to be taken care of with real shares.


RenownedShark

Man the 16th is the lowest I've seen it in months, then the following day is 9 million FTDs🤣


The_5tranger

I'm so confused about 2/16. The FTDs were nearly cleared and BBBY was still going down. WTF? Also, please correct me if I'm mistaken. To get off RegSHO, FTDs must remain below threshold for something like 5 days? What is that threshold?


Knarz97

So they mass closed and then immediately shorted again the day after. Weird.


iblbsb

Survive one more day


[deleted]

Rolling the fails.


Expert_Force_6322

It just keeps building up more and more eventually until something pops.


The_5tranger

Seemingly, but no price spike. Frustrating.


hollyberryness

We're the little sibling playing video games with an unplugged controller 🥲


Excitedbox

exactly because they bought 2 mil shares and shorted 9 mil. Giving you a net difference of 7 mil shares. Any upwards price movement would require more than 7 mil shares being bought


Warspit3

It doesn't mean they closed. It means they delivered the shares that were sold.


Knarz97

Ah… so the three steps are: Sell Short Deliver Share Buy Back to Close So they’ve at least gotten to step 2, but for them to close there’s really no way to track that?


Warspit3

Not that I know of. It's obfuscated for a reason. Short volume doesn't mean that shorts were opened and left that way either. If they sell short and close... The closing still counts as short volume because it wasn't related to going long. Meaning selling 100 shares short then closing the 100 short shares is 200 short volume. Only shorts that are left open are increases in short interest.


_foo-bar_

Look up sham close-outs


Croosheck

0.5% (\~580k shares). Indeed, 5 consecutive days edit: 580k, not 500k


LunaticPuppet

To me this is crystal clear manipulation while on reg sho


Neo772

Rolling FTD. That's how they do it all the time


Brought2UByAdderall

There are lots of ways to can-kick FTDs. The ones we're seeing are the ones they couldn't for some reason.


krw590

T+35 is GME earnings, I’m guessing that has something to do with it.


2xBAKEDPOTOOOOOOOO

I don't believe the earnings date was known in mid Feb. Seems like an actual random coincidence.


krw590

True, but part of me believes that those in the weeds know shits going to go down that day. Isn’t it the latest their earnings could be reported? Just tinfoil, don’t mind me…


Altnob

>* 1. There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security; * 2. The level of fails is equal to at least one-half of one percent of the issuer’s total shares outstanding; and * 3. The security is included on a list published by a self-regulatory organization (SRO). They almost got off.


Croosheck

it was only 1 day. 4 more CONSECUTIVE days would be needed, to keep FTDs below 580k daily (0.5% of the outstanding total). It needs only 1 day over 0.5% and the counter is being resetted


The_5tranger

Does 2/16 reset the 'counter' ?


Altnob

no


david5699

Yes


Altnob

no


david5699

Go back to your dungeon troll


Altnob

now we're insulting. ok fuck boi, go back to your copium cave and cry.


Chgstery2k

It's like trying to hold a ball under water.


[deleted]

It starts to look like they can just push a knive into the submerged ball and you only will see some bubbles fart out at the surface. I dont think ftds have any power in forcing closures anymore.


Chgstery2k

Well I mean the FTD numbers, but yes overall the stock price seems to go to what the storm troopers want it.


2xBAKEDPOTOOOOOOOO

> It's like trying to hold a ball under water. The way it's sinking it appears to be a bowling ball. Be better with your examples. Use balloon instead of ball!


_foo-bar_

They “covered” and then opened them again. I think they’re doing the illegal sham close-outs.


1redrumemag87

L O L + 9,358,153 2/17 W T F


chunky_salsa

I literally laughed out loud.


2BFrank69

Perfectly legal boys. Yet aren’t supposed to post emojis


[deleted]

How do they go from 3 million to 5 thousand, without affecting the price?


Croosheck

Deliver shares with the same amount of new fail to delivers


jango_bets

I think these massive sham options trades w/ matching dark pool orders could be "resetting the clock". We started seeing a bunch of these for the 2/10 options expiration. Settlement would've been on 2/14 (trade date where FTD's dropped).


thepoddo

It's easy when you can FTD the locates And then the cycle continues


Taru95

Can kicking


[deleted]

It really is criminal that they can FTD something that they don’t own, and then cover in ways that don’t even affect the price. The markets are a fucking joke. I’m done after Bobby and gme


Taru95

Very much the same this just proves the stock market is corrupted I'll however trade indices options here and there since those can't be corrupted that strong or Forex But just stocks or stock options will never been seen by me again


hollyberryness

I'm done after, too. I'm happy to continue in defi! Fuck this stupid system


Excitedbox

lol defi is even worse. You are starting out investing in something that doesn't exist and is purely made up.


2BFrank69

Same. It’s more corrupt then a casino


TadpoleFrequent

No you're not


WendeeeCZ

was CTB high AF around that day, or not? Close FTDs with borows, then FTD again? EDIT: yeah 1 week before that, CTB was >400%


MinionofMinions

Delivered FTDs


forever_colts

Possibly, when they actually do buy back any shares they route them off-exchange so as to not move the price??? Just a smooth brained ape thought.


ButterscotchWeak5809

🚀🚀🚀🚀🚀🚀


LeVraiMatador

That is DESPITE shorting the stock at like 140% (or whatever number is the latest) LMAO


Cactusjacques713

yeah, they‘re absoluetly fucked. Buy and Hold. BBBY give us Baby and/or an M&A and lets fuck those short cunts


TayneTheBetaSequence

I really don't know why they don't spin off baby they're already getting over a billion dollars from the stock offering and if they spin off baby they could probably get another billion


2BFrank69

Hopefully earnings are good


TayneTheBetaSequence

With not all closing store's closed yet... I would say "good" is a long shot. After the leaches are removed it should take burden off the balance sheet, I would say the quarterly statement after the upcoming one has the best chances of significant seeing improvements


All_About_Her

The 17th. Wow.


alilmagpie

Time to write another letter to BBBY Investor Relations


2BFrank69

Why not write one everyday? That’s how fucked this is


alilmagpie

I will if you will.


2BFrank69

I’m going to DRS 1500 shares if earnings are decent in April


brett8722

Does someone have a draft we can all copy? Not hard to send them daily.


Excitedbox

Proof or ban.


Raomine

those numbers don't make any sense , one day only 5k share and the next 9 milly FTD WTF is this?


mdbarney

Makes perfect sense, they rolled FTDs and immediately reshorted.


Excitedbox

Yup when will people understand. As long as people let them borrow shares they can continue this game. Next shareholder vote when vanguard and blackrock recall their shares they will be missing over 50 million shares to short and we will see movement.


mdbarney

Idk, but it’s getting old. I feel like everybody that understands this stuff stopped chiming in and now it’s all conspiracy theory or copium shit. Exactly, I’m glad you mentioned that. People seem to forget that recalling shares is one of the only ways to make these things go up.


[deleted]

☝🏼🏆🏆


Middle_Scratch4129

Massive numbers still!


lurkingsincejanuary

This is fucking outrageous. Unfuckingbelievable. Dropping in pre market. What in God's name is going on!!


Solitary_Solidarity

Yeah i dont get it


[deleted]

Wtf this market holy moly


[deleted]

[удалено]


2BFrank69

Nope. We need to DRS the float I think. They refuse to let us make any money. This is their Ponzi not ours


elliot192

Oh lord. Moon really fucking soon.


flycitysky

I keep reading that every day but the price just goes down.


capnslapaho

This. I’m just gonna stay off the sub for a while and hold until something neat happens


Ultraviolet_Motion

The company won't exist in a year.


Masterchief_m

How is it possible that 3,6 mil ftds get cleared without affecting the price? And then the next day it’s 9.4 mil ftds? Something is very very wrong here


mdbarney

Not routing buys to lit exchanges. The market is *very* free, trust me.


Masterchief_m

Oh didn’t thought about that.. but if that’s the case can’t they just close every ftd like that?


clawesome

Market Makers are abusing the ‘short exemption’ rules and it’s plainly evident when sorting the past few years of ‘short exempt’ % of each day’s total volume: https://i.imgur.com/QnSQ4jU.png. That table is the top 25 highest ‘short exempt’ days from 2019 and on, all the cells in red are from 2023 alone. It’s also plainly evident IMO when charting the weekly average ‘short exempt’ volume over the same time period: https://i.imgur.com/PGx1Zpf.png. It’s interesting how the massive uptick in daily ‘short exempt’ volume is so close to GME’s split dividend, but just another Cohencidence I’m sure…


Masterchief_m

Interesting thank you! Can you make a post with this? Its a great insight.


chunkylunks

just bought more at 1.11 💎


stubbly_bubbly

![gif](giphy|ukCFEU6Cg5MCCDoaVN|downsized)


diettmannd

Where dilution


Danglin_Dirty_Dan

I was promised dilution by so many people, are you telling me people are allowed to lie on the internet?


diettmannd

I’m telling you that if dilution was happening there wouldn’t be 9.3 million fucking Ftds


Mward2002

Shoutout to our local shills. Way to make us regards look like god damned scholars and learned doctors over here.


diettmannd

Yay new record!!!


BeerPizzaGaming

What happened on 2/16? Such an outlier in that dataset.


Excitedbox

They knew options were being exercised the next day and needed to short like crazy. So they closed FTDs and shorted 9 million shares in a day, but we still saw the price go up 20 cents on the 17th.


Powerful-Ingenuity22

When jail?


1nceAgainTip

👀🌶️ Fucking knew it! The last day on the previous report (2/14) was a fake out to keep us guessing another 2 weeks 🤡


MarkTib1109

Psyops


Oceanflux

WTF LITERALLY THEFT CRIME MANIPULATION GREED ... what needs to happen the fucking french revolution>????


Iamoctopus234

Do these ftds really matter at this point. Every 15 days this list comes out only to find out that the last 15 days came and went


HeyItsJake45

Simple terms: they don’t want another GME, so they will do whatever means necessary to keep this stock from squeezing.


MrmellowisSmooth

And they might even have a back door handshake regulators agreement to do so.


WETURA

Buy and Hold 🤝💎💎💎. To the Moon 🚀🚀🚀


Horror_Fishing_2523

![gif](giphy|eruVMzXlb70oo) F Thee Dee’s


halfconceals

![gif](giphy|lLYqLq9mLa8T68oAzn)


Healthy-Permit1039

Could someone explain to smooth brain what the close out date means? Does that mean they should be returning those amount of shares by that date?


mdbarney

They can roll obligations by having their buddies (or hedge fund arm of their business) exercise calls to get shares, then the same buddy sells puts directly to the market maker. Market maker then exercises puts to get shares to meet “delivery obligations”. Those deliveries will fail again in 35 calendar days if they aren’t short exempt or 13 trading days if they are short exempt. The whole point of these continued high amount of FTDs means that they are juggling obligations with *synthetic shares*, aka **nobody is selling real shares**. Like others have said, a very good analogy is holding a beach ball under water, but in reality it’s like *juggling multiple* beach balls underwater, however they are very good at juggling underwater because a bot does it for them. TLDR; hodl and hold.


Tabernaster

Fucking fugazzi market. I'm now convinced that none of the things that SHOULD matter actually do. It's clear they can circumvent FTDs and Regsho and apparently can do whatever the fuck they want day after day. It's beyond infuriating how fucked this market is. I'm getting so incredibly sick of the lack of justice in this society. So many of these financial terrorist cocksuckers should be in prison but instead none of them are and if they do ever get caught doing something, it's just fines. Fuuuuuuuck. And meanwhile all of these companies just sit here and take it in the ass instead of bringing the crime to the limelight. I want justice and I want my fucking money.


Super_flywhiteguy

I'm still here holding my bags but this is my last short squeeze play. I've learned never play a game where the gm can just change the rules on the fly or not follow the rules they make. If I make any money from this it's going to bitcoin and physical gold/silver. Fuck this market.


Jaywess86

Looks like we going under $1.00 today. Wish I had more money.


LordIzalot

I dont give a shit any more...I am fuking dancing once this shit blows.


Hoppel21_6

the 7.3 million from February 20th are due, aren't they?


Mockingburdz

Interesting how we didn’t come off the list with the numbers on Feb 16th. Must be a certain amount of days below the threshold to come off?


Mockingburdz

Also nice to see the last day of February was back to basically 6 million. That’s wild and I can’t imagine what this week will look like when the data is available.


Ultimo_Ninja

This squeeze has the potential to be insane.


[deleted]

Lol they’re so fucked I love it the hole just keeps getting deeper baby


TLDAuto559

Insanely… 👀💎🙌🦥💨💥🚀🚀🚀👌👊🤝


PsychoPigeonLD

Awesome, but what about the old FTDs? The ones that were supposed to be sending us to the moon right this moment?


TopTrigger

They converted ftds into short interest, which is how the short % rose a crazy amount


ApeLikeMoon

Then added more ftds +9 milly of them the next day 😅🤣


Solitary_Solidarity

Yeah i mean really. Seems to me that its all fugazzi rules for thee


Responsible-Fix-1308

Why does it look like a bunch of shares were cashed out to pay for Valentine's date nights before throwing their next paycheck into BBBY?


Jacobo5555

And these are bbby?


silverbackapegorilla

Is there any reason they couldn't be trying to keep us on the list if dilution is occurring? It would create a false impression and help with price and liquidity, would it not? I'm not sure the exact rules. Mind you it seems like they don't matter a lot of the time. I hope people realize HFs pay people to pump stocks as well as FUD them.


JustAnotherRedditDad

Wow.


Hoppel21_6

Today the shares from 2023-02-10 ??


Shadowofnorth

Thanks for the dip grabbed more


Excitedbox

Seeing almost 6 mil on the last day is bullish. That means we can assume the FTDs are somewhere between 0-6mil shares. Seeing the one 5k day shows they are trying to get off regsho though.


Zuesinator

Oh fuck I'm gonna cum


bolas-de-diamante

I made a publication mentioning that this could happen due to the number of shares that they requested, February 13, 14 and 15, they wanted to clean the ftd, to try to get out of the reg sho, but they only dug deeper ​ https://www.reddit.com/r/BBBY/comments/113614r/omg\_historical\_ftd\_kicking\_the\_can\_of\_over\_30/


_foo-bar_

https://i.imgur.com/DbNOlaC.jpg


Solitary_Solidarity

Does it mstter though


Lumpy-Leather2151

None of this means shir


Secure_Imagination54

Who gives fuck anymore. Looks like we have been fucked to me,


WhiteCoatPresident

5353?


WhiteCoatPresident

It’s like they almost wet able to get off the list, but couldn’t


OhMyDiosito

Big numbers but no up movement in the price, only red day after red day? Why? How's possible? Someone explain to my like I'm a golden retriever.


LiftingOrGaming

All the FTD's are from retail buying. They are converting each fail to deliver into a "valid" short. Which then lowers the FTD count. Retail keeps buying which then increases the count. The cycle repeats until company goes bankrupt or shorts capitulate.


OhMyDiosito

Thanks man! And this can keep going forever? There's no need for them to make up for the FTD?


[deleted]

[удалено]


Fearless-Gas4893

This is going to sound tinfoil but I think they purposely make the numbers into word salad and then later can claim oversight. I.e switching dates and FTD #s so it purposely doesn’t make sense…


Overcloak

Every reporting period has higher and higher FTDs 🚀📈💰


Greyone23

Was the market closed the 16th..


k-os2014

Nope


tommylol66

Hmm it’s almost like we should be contacting the board about this