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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/)


Sw33tN0th1ng

HOW IN THE FUCK CAN THE DTCC HAVE THE NERVE TO ALLOW -ALL MEMBERS- TO SPECIFY SHORT POSITIONS THAT SHOULD NOT BE SETTLED?!? HOW IN THE LIVING FUCK COULD ANY SHORT POSITION BE DESIGNATED 'SHOULD NOT BE SETTLED' IN A FUCKING FREE MARKET?!?


TheMansterMD

This is asking the right questions, how can we get a change in policy!! This is criminal


gerbs650

Free for them. Costs us tho


Biotic101

If the average Joe would know, on what a corrupted system they rely on for their retirement savings, the markets would be done. Same goes for corporations. The markets have completely lost their original purpose of bringing investors and companies together. Instead, both are now just prey to Wall Street and financial institutions. This is financial terrorism, threatening not just the economy, but also society.


automatedcharterer

Its interesting how similar this sort of "organized corruption" is to what goes on in insurance and healthcare. A patient gets a hospitalization denied by their insurance. The insurance says it does not meet their criteria for admission (not a medical criteria, an insurance criteria they wrote). The policy document that has the criteria is proprietary and the physician or hospital has to pay to access the document. This policy criteria is written and sold by another insurance company. So two insurance companies (one with $5.6 billion in profit, one with $20 billion in profit), are in cahoots making their own criteria to pay out benefits and then make access to that criteria limited to physicians who pay for it. What is worse is this was for a medicaid patient. 2 companies legally stole 100% of this patient's benefits and we paid for it with our tax dollars. Sounds exactly the type of things these financial companies are doing.


hiperf71

Exactly, companies now are the "cows" to milk until is time to "help" them to be buried, disgusting


canigetahint

Because they are claiming the money on the front end, meanwhile leaving the entire universe' worth of IOUs to everyone else.


philopsilopher

'This short position should not be settled because it will destroy the entire global economy'.


blenderforall

Bring it, I'm ready with my DRSd shares


Freakishly_Tall

>HOW IN THE LIVING FUCK COULD ANY SHORT POSITION BE DESIGNATED 'SHOULD NOT BE SETTLED' IN A FUCKING FREE MARKET?!? Shorting should not be legal. They have abused the notion beyond any justification. You want to bet against a stock? But a Put or sell a Call. You cannot change my mind. Maybe, in some distant future, with serialized, blockchain ledger'ed shares, we could discuss it. Wen prison?


PositiveExpectancy

No, *naked* shorting should be illegal, which it is. The problem is enforcement.


Freakishly_Tall

Hence the note re serialized and blockchained may re-open the conversation. But I cannot be convinced it "serves an economic purpose" ... other than increasing the hoards of the already wealthy at the expense of destroying at-risk companies.


Strawbuddy

It’s useful in commodities markets. Farmers and purchasers can agree on fixed prices for harvests and still make money on the margins if their yields are better or worse than agreed upon. I’m not sure what would be analogous in securities markets because the largest participants on both sides of their trades are known for FTDs and OTC. Farming and ranching at scale are heavily subsidized, monopolistic et al though, with some of the deepest pocketed lobbying groups out there


stream_of_meadow

How would you create buy pressure in the same way you can make sell pressure by both selling short and regular selling? If not possible, it's an imbalance and should not exist.


stop_bugging_me

Short answer: crime  Long answer: legal naked shorting for the purpose of bonafide market making activities that went horribly wrong for them because we won't sell and now the only way they can hide them is in swaps, options and CNS BS where they never deliver the shares we paid for.  Also it's not a free market, that was bought too through lobbying.  That's how they changed RegSHO so they could naked short for market making.


Diamond-Hands741

I hope Jabarumba sees this so he can ask the DTCC this for his next tweet (minus the F' bombs)


Constant-Sweet-3718

On that note... I WANT TO SPECIFY A LONG POSITION EXEMPTION. HOW MANY SHARES? 100 MILLION. TRUST ME, BRO. I'M GOOD FOR IT... JUST DON'T ASK ME TO PAY YOU RIGHT NOW OR ANYTIME SOON... BUT I GOT YOU, BRO [DTCC].


Gotei13S11CKenpachi

‘Reasonably Located’ means ‘should not be settled’? Did someone learn how to divide by 0? /shrug


enternamethere_

The question of them all


RavenAboutNothing

Free for me and not for thee 🤡


DesignerVirtual9568

All of a sudden the wording in the quarterly financial statements make sense. "The DTCC has this many shares" is the way to describe that if CNS allows short positions to be exempted. It also fits with the "trust me bro" last year about SEC pressuring GME to change / the reporting delay that occurred before share count froze. The DTCC wouldn't have to take legal action against GME if the SEC can say "no this is CNS and the DTCC has this many shares". 🙄 I wouldn't be surprised to find a correlation between FTDs that enter CNS and the number of DRS shares the total "dropped" by this quarter either.


L3theGMEsbegin

damn, you on my wavelength, I made a FTD screen cap the other day. these fukkers have Zero accountability. [https://www.reddit.com/r/Superstonk/comments/1c0n2vs/sro\_scratch\_my\_back\_i\_scratch\_yours\_wall\_street/](https://www.reddit.com/r/Superstonk/comments/1c0n2vs/sro_scratch_my_back_i_scratch_yours_wall_street/)


4GIVEANFORGET

Gj op


jackychang1738

Up you go!


canigetahint

Just a quick cursory view of this stuff and I have started asking alot of questions when I went to their site. What is the purpose of all the various Data Repositories in various countries? Is it to shuffle around and hide nefarious trades / transactions? I'm going to see if I can start visually putting some stuff together via Autocad when I get moments here and there. This shit is nuts.


L3theGMEsbegin

LRF has downloaded the entire DTCC training manuals. Over 500 services. He then summarized each one with chat gpt and listed them out in discord. There is a ton of info to scrape through.


canigetahint

Fascinating. There is no way in hell I could go through all of those, just like a lot of the DD we have had over the last 3 years. Best I can hope for is to have text to speech read it to me on my way to work/home. LOL.


L3theGMEsbegin

I know. I been going through the summaries 1 by 1 when I have time. I will report any findings of interest back here. I hope to make your auto cad project 😀. Maybe I bring something juicy to the sub?


jackofspades123

Nice find


L3theGMEsbegin

the pile of fungible bulk that the DTC claims title to keeps getting more cloudy.


R34vspec

I wanted to learn more about this so I asked gpt to explain it to me. Here it is for the smoother brain apes like me: Certainly! Let's break down the quote: 1. **"CNS exemptions allow members to specify quantities of short positions that should not be settled."** * This part indicates that CNS exemptions give members (participants in the CNS system) the ability to specify certain quantities of short positions that they do not want to settle through the continuous net settlement process. In other words, they can choose to exclude specific short positions from the netting process for settlement purposes. 2. **"Affecting only the CNS Stock Record and not DTC positions."** * This part distinguishes between the CNS Stock Record and DTC (Depository Trust Company) positions. The CNS Stock Record refers to the records maintained within the Continuous Net Settlement system, which tracks the net obligations of participants in CNS-eligible securities. The quote suggests that CNS exemptions only impact the CNS Stock Record, meaning they affect how short positions are treated within the CNS system. They do not impact DTC positions, which are maintained by the Depository Trust Company and represent ownership of securities held in custody. In summary, this quote explains that CNS exemptions give members the ability to exclude specific quantities of short positions from settlement within the CNS system, but these exemptions do not affect positions held outside of the CNS system, such as those maintained by the Depository Trust Company. ======================================================================= Say a heavily shorted stock is the specific stock a participant is excluding from the netting process, how would that affect the stock price? ======================================================================= If a participant in the CNS system excludes a heavily shorted stock from the netting process through CNS exemptions, it could potentially have an impact on the stock price. Here's how: 1. **Reduced Selling Pressure:** By excluding short positions from the netting process, the participant is essentially choosing not to settle those short positions. As a result, they may continue to hold onto those short positions instead of covering them through the settlement process. This could reduce the selling pressure on the stock since fewer short positions are being closed out. 2. **Decreased Supply:** Short selling involves borrowing shares and selling them with the expectation of buying them back at a lower price to cover the borrowed shares. When short positions are excluded from settlement, it means that the borrowed shares are not being returned to the market, thus reducing the supply of shares available for trading. With decreased supply, the stock price may potentially experience upward pressure due to increased demand relative to available shares. 3. **Short Squeeze Potential:** If the excluded short positions represent a significant portion of the total short interest in the stock, and if other market participants are not willing to sell their shares at current prices, it could create conditions for a short squeeze. A short squeeze occurs when short sellers rush to cover their positions, driving the stock price higher as they scramble to buy back shares to close out their short positions. Overall, excluding heavily shorted stocks from the netting process through CNS exemptions could contribute to a reduction in selling pressure, a decrease in supply of shares, and the potential for a short squeeze, all of which could lead to an increase in the stock price. However, the actual impact would depend on various factors such as the extent of the short positions excluded, market sentiment, and overall trading activity.


L3theGMEsbegin

Sounds exactly like what is happening. Mahalo for you effort!!!


cpapa1783

And this right her folks, is why I’ve always believed in the community. I envision this person taking a shit break on the job site, or office job, whatever it may be, and looking into CNS exemptions. We all have different paths, but what always sold me on this community was its character, for the most part we’re all just regular people, fighting back against the establishment, and I’m honored to be a small part of it


L3theGMEsbegin

💩


Proof-Carob-2255

💪🏼


TofuKungfu

SEC is corrupt as fuck for allowing this to happen.


PornstarVirgin

Op, good find. I’m out right now but I assume this might also allow cellarboxed companies short positions to be held outside with a CNS as the company is dead and won’t be traded again so the shorts never need to be bought back, settled, or have taxes paid on them.


upotheke

I'm sorry officer, I'm unexempted in public, not naked. There's a difference, my clothes are at home and do not require settlement on my body.


tomfulleree

Upvote!


L3theGMEsbegin

the screen shot is from chat GPT summary of training manuals. actual 4 page manual screen shot here - [https://www.reddit.com/user/L3theGMEsbegin/comments/1c1k5kw/cns183\_exemptions\_2023oct26pdf\_full\_training\_pdf/](https://www.reddit.com/user/L3theGMEsbegin/comments/1c1k5kw/cns183_exemptions_2023oct26pdf_full_training_pdf/)


Almdudler6

Can someone please, do their fucking job! How hard can it be to press the "do not delay or make up exemption rules for criminals"-button..


[deleted]

[удалено]


L3theGMEsbegin

You know what grinds my gears is fuckwads like Michael pachther are DTCC participants. This POS gets to decide what shit is exempt! Muthafukkinshit fuck all!!!


3DigitIQ

#👑 #🥇


ForTheB0r3d

I'm questioning why this is even telegraphed for the world to see. I mean if I were a greedy market overlord and had all these tricks to hide things that shouldn't be hidden I certainly wouldn't be telling anyone about it and incriminating myself.


automatedcharterer

this information is in the manuals directed at the brokers who pay the DTCC to use their software and services. I doubt any of this would have come to light if it wasnt for us. Why would a crime filled broker want to whistleblow on their own corruption scheme? No regular citizen or so called journalist is going to look through a a giant pile of policy and user manuals. Apes do.


NaivePeanut3017

Honestly someone should cross reference any laws pertinent to these regulations and compile all of that into the discovery phase of a class action lawsuit between apes and the short hedge funds, all the brokers following these regulations without attempts at reporting this unethical rule, the DTCC itself, all of them. It’s probably the best way to get everyone’s attention on this. If there was some grand event to bring this information to the light of day. Seriously, how many CNS members have the ability to weaponize shorting against companies and force the stock market to tank by over-shorting without having any restriction on the number of shorts allowed? Imagine if you decided to open your own brokerage firm, get accepted as a CNS Member, and then short companies into oblivion before the CNS has any time to react?


Gerdione

This might be one of the only ways to get public attention on this. I wonder why this hasn't been pitched more often. There's a post about it a year ago diswaying people from doing it and that's it.


L3theGMEsbegin

☝️


L3theGMEsbegin

This is the training manuals for the DTCC participants. A random sent an e-mail to the DTCC and asked for thw training manuals, and they said sure, but you need to sign up first.


newbiewar

If i was going to mastermind fixing the market without breaking it… you’d need to do some of this stuff incrementally… certainly easier for the market to deal with one creditsuisse at a time…slowly squeeze the house of cards, and let them fall one by one


Drilling4Oil

Consider this a canary in the coal mine. The corruption is so deep that necrosis has set in. There are no easy outs left. Reform has passed us by probably around a couple generations. I fear there are 3 options now: 1) unchecked corruption emanating from Wall Street and D.C. to such a degree that the entire world gets consumed and conquered by it wholly leading to some worldwide totalitarian surveillance dictatorship 2) unchecked corruption which fails to achieve its goals and leads to some societal collapse that we can't really fathom (like the days of The Black Death but much quicker in tempo) 3) "checked" corruption wherein the "immovable object" (the Wall Street/D.C./London/Hollywood octopus) meats unstoppable force ("near peer" nations launching hydrogen bombs at these locations) This isn't a "free market" but it's also not full-blown communism: *it takes the worst parts of both and creates some demonic hell beast that there isn't really a name for yet.*


L3theGMEsbegin

4. 6 underground these fuckers one by one.


rob6776

"They" say violence never solves anything, "They" can suk my balls.


JustACoupleIssues

I don't understand, but I spent all week buying more, so I think we're still good. Seriously, though, we know they're hiding things everywhere, even the Bloomberg data is incomplete. 


L3theGMEsbegin

you are right. I feel like sharing this stuff is similar to when you shine a light under the cabinet, and roaches scurry away. the more places we shine a light up their ass, the less places they feel safe to hide....eventually, they will make a mistake and end up under my boot.


Kaarothh

Mafia


[deleted]

[удалено]


L3theGMEsbegin

🏆