RED ALERT! Mother of All Short Squeezes Begins RIGHT NOW!! - YouTube

Channel: Chico Crypto

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