| Author | Source |
|---|---|
| u/Bye_Triangle |
Goodmorning Superstonk
Surprise! Me again, u/Bye_Triangle !
I offered to take over the writing of the daily for today to give my friends u/PinkCatsOnAcid and u/Rensole a bit more time off, they work so hard on these I thought it was the least I could do! So without further adieuâŚÂ letâs get on to the news!
New host who dis?
So some of you are probably thinking âOMG, B_T went rouge and took over the newsâ
Well, I am here to tell you that that is false!
I figured I would give them some extra time off, and since I am usually helping out with these anyway, itâs about time I take a swing at writing one, assuming thatâs alright with everyone!
u/pinkcatsonacid and u/Rensole after this one youâre done slacking đ jkjk
Crypt-oh-no / ICC-2021-007 -Â u/Bye_Triangle
It seems that something was up (or rather down?) In the crypto markets! There were some that were speculating that it could be in preparation for the increased margin requirement that the new ICC-2021-007 set forth.
https://twitter.com/louvswallstreet/status/1395133269176426496
Pretty cool if this were correct
That having been said, I have seen some speculation that this could have been linked somehow to the DTCC liquidity test that we saw recently. Hard to say what their intentions with this rule were.
Glacier Capital (wtf) -Â u/sharkbaitlol
Hey all, just helping the team out to write a quick opinion piece on the entire Glacier Capital fiasco that has swept the front page; as we have seen these posts seem to have attracted an abnormal amount of awards (specifically the all-seeing).
Hereâs the kicker (correct me if Iâm wrong); I cannot find a single piece of information from the SEC or the Luxemburg filings that confirms them actually buying into GME. Just a seeking alpha article which seems to be what everyone is referencing.
in places like Luxembourg or Cyprus you can literally buy a shell company thatâs existed for quite some time from the legal offices there. Complete with a board of directors. These people can be complete and total randoms off the street. This is what I suspect is happening here. Scary thing is itâs not a really expensive thing to do so; most people will accept under 10k euro to put down their signature.
Thereâs a great series on this topic called âThis Giant Beast That is the Global Economyâ on Prime Video, the very first episode actually goes into this phenomenon in detail. The TLDR; is that you can go to a law office, buy a made-up company, launder money.
Now doing a search directly on the Luxemburg commerce registry since I canât find anything really related from the SEC; Iâm finding very different info than what users have pointed out â there are alternative addresses on pretty much every filing they have. Funny thing is that these addressed are mostly registered to residential areas. This would coincide with common tax evasion tactics
Here is the registered office (44 Boulevard de Verdun)
Glacier Capital Registered Office;
Now my French isnât too bad here in Canada; so I tried my best navigating this filing from the Luxemburg commerce registry and found the following; we can confirm the involvement of Marc-Francois Daubenfeld as well as the value of their assets.
The above screenshot is for their activity from 2018 (as thatâs the most recent thing filed). So we understand that in a few short years they went from managing a couple hundred thousand euros to almost 100 million if Iâm reading this correctly.
I want to point out that Mr. Daubenfeld is a âlawyer that turned fund managerâ, remember what I mentioned about this being law offices specifically selling fake shell companies?
Now why this is being pushed up so much, I have no idea. Can anyone even find confirmation they own GME ie a bb terminal screenshot? I couldnât tell you if this has some sort of malicious intent or not. Tread lightly on this one apes.
< 3
We ⤠you too Cohen!
Sometimes I cannot tell if I am a madman or he is a genius⌠or both. One thing I do know is that there is no way Ryan Cohen isnât leaving us breadcrumbs, at least in my opinion. So what might you ask could be the meaning of this tweet? I hadnât a clue, but these great apes seemed to be onto something:
https://www.reddit.com/r/Superstonk/comments/ngfzzi/rc_tweets_a_heart_3_ape_detectives_solve_the_case/
Less than three weeks? Damn Ryan, I am going to break out my âDays âtil Christmasâ countdown calendar for this, you got me so excited!
Today we are receiving multiple reports that GameStop has made their site available to more of our international Apes, congrats!! Also, this is super bullish, to me this is just more proof of how large-scale their e-commerce platform is going to be. I can only imagine the kinds of exciting announcements they have on the horizon
Canada (we still just have EB Games, but thats okay)
And many, many more
TL:DR This rule allows broader participation in any auctions of âSuspended Clearing membersâ, including but not limited to âNon-clearing membersâ. Essentially it will be easier for Blackrock to pick clean the carcass of Citadel when their greed and misconduct catch up to them.
For a fairly straightforward, and rather in-depth look at this rule, check out this post from a month ago when it was first filed:
SR-OCC-2021-004: Why This Proposed Rule Change is Important and Possible Shell Games -u/c-digs
Blow that whistle
Well Jpow says the market is fine so I am sure there is nothing nefarious going on⌠/s
We can only speculate if this is related to GME⌠but I will say there is likely a lot to whistleblow about with all the stuff going on đ
Do not forget to vote!
Single most important piece of the puzzle. If you donât vote, then you arenât doing right by yourself or GameStop
This is how we find out how big of a whale we are
EXCELLENT!
Be friendly, help others! As always, we are here from all different walks of life and all different countries.
This doesnât matter as we are all apes in here, and apes are friends. Doesnât matter if youâre a silverback a chimp or a bonobo. We help each other, we care for each other.
Most importantly:
Ape donât fight ape, apes help other apes
this helps us weed out the shills really fast, if everyone is helpful, the ones who arenât stand out.
I would be remiss if I didnât share this
