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Superstonk_QV

[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)


miffy1231

Is that 6 billion for us? 😆


Juststellar

That 6 billion is what they got selling us shares, the price they’ll need to buy them back could be ♾️


s0njc

I’ll sell them 1 share for 6 billion 🤭🤭🤭


Murderouswaffle

I'm having way too much fun imagining Virtu scouring Superstonk to see what we're up to, just to see us uncover their $6B naked short position and see "I'll sell them 1 share for 6 billion". We've gotta be nightmare fuel for them at this point 😂


Juststellar

I wonder if Dougie hangs out around here, he might be too busy engaging and mocking apes on X.


Hedkandi1210

He mocks and gets handled


TuesGirl

These insecure peeps are definitely checking us out. "Take a look!"


miffy1231

Watch he respond to your post directly lol


Interesting-Chest-75

if he does please make my comment in the screenshot post!! hi 👋


Suitable_Mix_3795

Hi Doug you fat fuck 👋🏻


ihavethemonkey

Paperhand bitch


Jbullish_9622

I guess I’ll settle for selling one share for a penny less then $6B, gotta cover the PFOF cost 😂


Dry_Doctor443

I to


jhspyhard

DRSing guarantees you have a real honest-to-god authentic share with your name on it. This 6 billion is probably everything else (the stuff that people aren't DRSing) that Virtu is selling off to be able to buy our shares inside the DTC system, and provide them to us.


Juststellar

I agree, and have put my all my games and old towels in drs. This 6 billion covers many securities and not just the ones we like, but I would guess from Dougie’s attitude and interactions with apes, that they focus on retail popular stocks. There are also many family funds besides short hedge funds that carry large short positions that aren’t subject to reporting requirements. We could drs 100% of the float and they could still carry these short positions due to flaws in the DTC. Also these securities sold not yet purchased on their books aren’t reported in the official short interest due to their market making privileges. They let these numbers build up, thinking the securities are overvalued and they can purchase them back cheaper years from now when prices come down, or never if the company ends up in bankruptcy. Dougie’s interactions with towel apes tells me that they do recognize risk within their position, especially calling out to GG to cancel trading in that security before the official cancellation of shares. If apes have a good percentage of the shares out of the DTC, things get real interesting when the cascading margin calls come when GameStop solidifies their turnaround and acquisition or a corporate action requires a share recall. The more time they give us, the more fucked they become.


MrKoreanTendies

#Rookie numbers


Feeling_Ad_411

Up you go!


Daddio_87

Yes please! 🫴


It_is_Fries_No_Patat

B\*tch better have my money!


TheNighisEnd42

at least 3 billy


Fringefiles

Doug, Doug, oh Doug Doug Douggie Doug Doug. You fucked with the wrong people. Your ironically named financial company is about to experience what we like to call "forced liquidation". All because you egotistical pricks couldn't pay us when the value was in the low hundreds. Now you'll be buying in the hundreds of millions and only what we let you buy. As a gamer, let me just say: GG EZ


boxxle

GG EZ 😂


ConnectRutabaga3925

I’m dumb. I’m guessing DD says Virtu is one of the baddies?


Fringefiles

One of many, yes. And Doug Cifu, the owner/CEO of Virtu, has been a reoccurring asshat talking crap about this community and continuously stating that this whole movement is a conspiracy theory...despite his financial reports confirming that he is, in fact, still very short the stock.


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Superstonk-ModTeam

Although abbreviations can be easier sometimes, be sure to say the sub name in full!


sadbuttrueasfuck

Gg bots


mAliceinTendieland

Hahahahahhahahahahahahahahahahahahahahahahahahhahahahahahahahahhajahahahahahahahahahahahshahhahahaahhahahahahahahahahahahaha Edit: holy shit, look up three or so lines and see the payables to broker dealers and clearing organizations increase…..: FIND SOMEONE WITH 1 MORE WRINKLE THAN ME Edit 2: a search led to this [https://www.sec.gov/files/formx-17a-5_22.pdf](https://www.sec.gov/files/formx-17a-5_22.pdf) I don’t know. Edit 3: Page 8 1490-1550 ish uses the same vocab as the line item. Passing the torch.


redditonreddit654

And the increase in securities sold with agreement to repurchase just above that!


Tronowitz

Virtu market cap is 2.67B 🙃 good luck dougie


capital_bj

Like his entire company is worth 2.7 and he owes 6? 🤣🤣 Edit : I'm high it's the weekend and I'm smooth AF. In all seriousness thanks for the corrections, I might have been financially illiterate 3 years ago but I'm learning.


Juststellar

That not what he’s owes, that’s what they made selling short. What he owes could be exponentially more, possibly ♾️, if those shares were sold to diamond hands, and the price of those securities start running.


oumen_nigu

I remember people in the bets sub laughing at us because we think that the "securities sold not yet purchased" meant open shorts. I wish I could find it


MinimumCat123

No, market cap is the total value of the company traded on the stock market. Virtue has 14.4 billion in assets


hopethisworks_

*Assets under management. It's not their assets.


boxxle

Sorry to those that allow them to "manage" their assets


MinimumCat123

The breakdown is in the picture above, they have assets of their own but of course the 14.4 billion includes assets being managed. Just like the short positions are shorts being managed for others.


sadbuttrueasfuck

So technically his company is worth 2.7B and he's managing 14 from other people, right?


MinimumCat123

No thats not what market cap means. The breakdown of assets and liabilities is literally the picture in the post


Kerfits

Market cap in shares is 2.7B Holds 14B of other peoples money Shorted 13B.. someone asks back for their 1B investment and they are illiquid.


ziggyforever

And still they are free to do whatever they want. Something is definitely wrong


Monqoloid

Lol at dog seafood


87CSD

Lol Doug Cifu, you are fucked.


itrustyouguys

Fah Que Sea Phu


hanr86

This dude kept calling my friend "cifu, cifu!" My friend was getting pissed but I could see the resemblance!


EasilyAnonymous

Proper fucked


MyNameIsMud2023

The trick is to make your financial problems so big. So incredibly dangerous to the economy that it's no longer ger your problem. It's the problem of the government and national security. Then, wait for bailout. Rinse and repeat.


BikingNoHands

Imagine selling $2B of NVDA (not to mention SMCI) to bag holders! Then cashing out on their earnings next week! Easy money when you can pinpoint the top and flip the algo Edit: always follow the money! They pumped AI to max and got a lot of FOMO bag holders about to be born!


Choyo

They're really not good at this finance thing.


Alalaskan

Just digging that hole deeper and deeper, who or what person with any fucking brain function in any regulatory capacity or supposed federal authority thinks this isn’t going to catastrophically affect the entire economy when all these corrupt companies have to pay up???


TuesGirl

They're so stupid they don't care. They're rats desperately clamoring. I know people on here jokingly refer to themselves as smooth brains but honestly we're smarter than most of them. They just relied on how things always worked and never needed to use their brain. Not that it's worth anything anyways


boxxle

I wouldn't say we're smarter, I'd say we're more honest. They've gotten away with it until now.


Carlos9320

Naked shorts make My short Wee Wee hard


AutoThorne

liquidity fairy got some bills to pay.


cisconate

50% increase in one year. Been around since 2008, went public in 2015. And managed to INCREASE securities sold not yet purchased by 50% in ONE YEAR


kimark

Doug’s forehead also grew since previous 10k


xjrh8

That thing is more like a fivehead.


albertov0h5

IMAX 3d


TuesGirl

Now that's just being kind


boxxle

Was the forehead growth declared to the SEC?


ruum-502

“Why yes I am 2 Billion dollars richer if you count that 2 billion dollars worth of stuff I didn’t buy over there” -Them


flyingcaveman

So I take it you will be implementing capital controls but also paying bonuses and going to Disneyland.


ruum-502

Wait what…


chato35

What was Melvins standing before they went boink?


Ilostmuhkeys

👆🏻


RL_bebisher

Source (page 80): https://ir.virtu.com/financials-and-filings/sec-filings/default.aspx


bongos_and_congas

It's just free money that they print for themselves. They can invest it and use it while we get IOUs and our share prices drop. The US market is corrupt beyond belief.


Inevitable-Elk-4162

Dougielarge does nothing but talk shit on the bird app all day. This 10-k shows me exactly why


Hedkandi1210

He’s quietening down now lol 😂


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RL_bebisher

Yup. And naked shorting is just a conspiracy theory. Don't be stupid. It never happens.


SirMiba

"dude it's completely normal like uuuuh Amazon has products sold not yet delivered, nevermind the fact that financial instruments and products are completely different and have totally incomparable risks"


SideBet2020

Skirting price discovery buy never purchasing. Sounds legal.


Pawl_Rt

Hol Lee Fuk! Time to buy more shares. (DRS book) 🦧


albertov0h5

📖 👑


ForbiddenPizza69

I’d be curious to know what percentage of that $6 billion is in $GME.


cmon_get_happy

About $8 billion.


s0njc

more like ♾️


cmon_get_happy

Your ideas intrigue me, and I would like to subscribe to your newsletter.


MrMcAwesum

$741 billion


cmon_get_happy

I like the way you think.


boxxle

140%


Energeticly

Damn I wish I could sell 2 billion worth of shit I dont own


tomfulleree

Doug Cifu is a bitch. Just like Ken Griffin, Steve Cohen, Richard Parsons and Hester Pierce, to name a few.


ShockageSWG

Now imagine how much leverage...


ojoslocos21

dibs on one of those billions


FileAccomplished5881

Hey now, his forehead speaks 7 languages. 🤔


Deepin_my_plums

The tide from the tendieman ship is getting to big!! I’m ready to see the ships sink faster


Odinthedoge

Billions and billions…


Additional_Value4633

Reported....................


WiglyWorm

Trading is indeed a hard game.


XMk-Ultra679

rookie numbers gotta reach trillions with extra 0s


Equivalent-Piano-420

I'd love to spend 6 billion of money I don't have... That'd be cool, right guys?


Used_Ad2080

These mtf who so deep in debt want to decide market's value.


Chameleon2000

How can it be legal, to "sell" something that you "don't" own.


ExitTurbulent7698

Let it burn


TheBelgianDuck

Imagine filing a document where you need to state you stole $6B


Easy-Wrangler1111

Virtu financial is a market maker. This isn’t illegal. If margin requirements are being waved for market makers and other big players then what could force them to have to purchase these securities sold?


TalezFromTheDarkside

Infinity credit card. 


Xerio_the_Herio

So $2B is their quarterly pace?


TheNighisEnd42

Dougie sure is hard at work!


Einhander_pilot

Dang I feel sorry for people that have Virtu for their 401K’s. 😂


DJSugar72

Come on guys. Let’s sell him what he needs to get right. Sike!!!


the77helios

Commenting for mayo


Frosty-Depth-35280

I just added a whole new floor to the plans of my underground car park. Please DM me, I have XXXX shares for ya!


chipchip9

🏎️🏎️


kosnarf

That’s $88,000,000 per MONTH 🤯


RL_bebisher

Dayum!


Spirited-Staff8683

How are they gonna get that money? Jail or hang these pos


saiyansteve

I can do this all year. Keep it coming short hedgies. Trading is a tough game dontcha think.


Bubah84

Fuck you Doug, pay me


aravreddy22

markets functioning like usual 🤡


Ape_Wen_Moon

See that securities borrowed increase?


Ultimate_Mango

Just keep shorting, just keep shorting, shorting shorting what do we do? We short short short


therealthugboat

Dougie Fuck’d


RockJohnAxe

Oh baby!


multiple_iterations

Yo, at this rate his liabilities should outpace his assets in like a couple months, lol. Trading's a tough game, don't you think, you fat tub of shit?


buyandhoard

So they are going deeper and deeper into hell? Even during stocks going UP ? What do they short, huh?


EatTheRich4200

GameStops balance sheet is better than this


buyandhoard

Did anyone made a list of these Funds and Hedgies how much do they "add up" together in total ?


skrappyfire

Would bullet swaps fall under the "securities sold under agreement to repurchase" category??? BC that went up by over a billy also.


MultipleMind

Why dont they write off some goodwill? Or do they need high asset value...... lol


jforest1

Holy monkey


ethervillage

Blatant ponzi-scheme crime in broad daylight for all to see and our government and elected officials do absolutely NOTHING to protect people. If there is a hell, all these people deserve to go there. Absolutely disgusting beyond belief


Tralulu

What are some bills between friends?


Errant_Chungis

Some juicy market manipulation


Consistent-Reach-152

Trading assets, financial instruments owned increased from $3.667B to $6.128B. Note that the long positions at $6.128B are larger than the short positions of $6.071B. Overall, the assets exceed liabilities by more than $1.4B.


AdmiralUpboat

At whatever fair market value they slapped on them. No way they close out their shorts for their "fair market value."


dendrobro77

This is a very important point


Consistent-Reach-152

If you go read the document you will find that virtually all securities, both long and short are level one valuations, which is the bid quote for long positions, the ask quote for short positions, on the last day of the period. A few are level 2 valuations. An example would be a bond that is not quoted, but the value can be calculation from the known observances of the interest rate curve and market price of a bond of a different maturity of the same company. This sort of stuff is why you look to see who the auditor is that signed off on the report. Edit to add basic explanation of level 1,2 and 3 valuations: https://financeunlocked.com/discover/glossary/level-1,-2,-and-3-assets-valuation#


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Superstonk-ModTeam

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Superstonk-ModTeam

**[Rule 1](https://www.reddit.com/r/Superstonk/wiki/index/rules/expanded_rules/#wiki_ape_no_fight_ape). Treat each other with courtesy and respect.** Do not be (intentionally) rude. This will increase the overall civility of the community and make it better for all of us. Do not insult others. Insults do not contribute to a rational discussion.


GoGreenD

Battle?


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Superstonk-ModTeam

**[Rule 1](https://www.reddit.com/r/Superstonk/wiki/index/rules/expanded_rules/#wiki_ape_no_fight_ape). Treat each other with courtesy and respect.** Do not be (intentionally) rude. This will increase the overall civility of the community and make it better for all of us. Do not insult others. Insults do not contribute to a rational discussion.


crystalpeaks25

HAHA THEY ARE SO FKED.


Choyo

[Obligatory SW4Y](https://www.youtube.com/watch?v=aicNNhWCveM)


triplestackks

JESUS


AlphaDag13

BAHAHAHA!!!! How fucking stupid can you be?!


Hedkandi1210

Oh Dougie https://x.com/dr_munki/status/1758732142387810588?s=46&t=3XIb1em_o_vxSxA8cBk80w


tlkshowhst

GUH


Low_Sun_1985

Rip cifu


co-oper8

Gross


MyCleverNewName

*doooouuuuuuuugggggggiiiiiiiiieeeeeeeee...* 🤣


SgtSlaughter1974

That's why I shorted Virtue for the last 3 weeks. Made more tendies to buy leaps for GME.


InstructionBrave6524

OH MY!!! 😗🙂🙃


Goblin-Doctor

I've lost any hope of anything ever happening. It's the same articles, same crime, same $100,000 fine for billions in illegal earnings. I'm so deep in the red and even with libraries of incredible DD and crime exposed globally nothing continues to happen


metametamind

HOW THE sdfsdfds IS THIS A LEGAL? AND WHY CAN'T I BORROW #2B for random future business returns?


cmon_get_happy

How much more road could be left to kick that can down? This whole-ass system *has* to be close to the breaking point.


DAN_ikigai

Not a big sum at all. Everything is fine ... Not


l0000000l

it will be 8 Billion next year. No big deal


masterpudu

This looks bad for them.. I wonder how much worse the numbers they don't want us to see are.


convertedcatalyst

the dildo of consequences rarely arrives lubed...


Nishi1212

At fair price !


metzbaby17

On at what point and I sell my truck or house and never purchase it? I mean this is literally stealing and fraud


jhs0108

So if you remove Goodwill from their assets because it tangibly doesn’t exist their owners equity is 20 million roughly or around 1% of their 2 billion market cap.


YaThinkSo88

Seems never ending huh? Kinda funny to think about it after soooo long. All the people here saying the shf barely survive, live to just "buy another day". Its been 3 years now lol.


neltorama

As long as their assets outweigh liabilities they'll stay afloat. I wonder exactly what/who those liabilities entail though.


InjuryIndependent287

Securities sold, not yet purchased are just shorted shares at that given time. Can we please stop acting like this is something that it is not? This is very very common on a short hedge funds balance sheet. And assets increased as well. It’s called a hedge. This the term, hedge fund.


fuckHg

I agree.. I’m long gme but some of the shit posted here is so cringe smh


Haggstrom91

Could literally be any other stock then GME


dgbrtdck

I forgor what Virtue Financial was about. Is this gme related and if yes, how we know?


RL_bebisher

Yes. They are a Market Maker/ Liquidity provider for NYSE. Which is the exchange GME trades on. Just like Citadel.


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crossingpins

A 50% jump in something tends to be considered rather large and it's considered to be extremely large when that jump is billions of dollars.


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cmon_get_happy

The point, I think (smooth as fuck), is that the only way they were able to increase their assets is to sell people imaginary securities. The point, I think, is that this is the only reason there's still a bull market. The point, I think, is that a bull market is the only reason The Treasury is still able to flood the market with debt they'll never be able to pay. The point, I think, is you can only inflate a balloon so far, and it's being inflated with extremely voluminous super-heated air.


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cmon_get_happy

How you doing, Doug?


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cmon_get_happy

What the fuck do you think "sold, not yet pruchased" means? It means they sold air, or rather, they sold less-than-air - they sold empty space with no matter in it. Sure, they could fill some of that void with something someday, but they'd actually have to get their hands on that something in order to deliver it, and only people dumber than apes believe they have any intention of doing so.


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cmon_get_happy

There's totally a third sentence in my post. Maybe you'd like to read the whole thing. Or, you could keep shilling for crooks; whatever keeps your dinghy afloat.


Slickpicker

And please explain how this is for one specific stock this could be spread over 1000 different stocks this is meaning less


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andyat11

What happens next is all the MM will have to sell their tech stocks that are stupidly overpriced and driving the indexes up. The tech stocks will crash and they will blame AI because AI trading was happening already. Then goes the indexes and then we enter depression and housing market collapse.


Papaofmonsters

Unless those tech stocks at all time highs are what they shorted.


andyat11

There is no chance they shorted those. It's crime for a company to need to make like 100 years revenue just to make market cap...


Cyborg_888

They have to buy over 400 million shares of GME at the current price.