Muslim rules on dating

Marriage, for Muslims

2015.09.13 02:55 Marriage, for Muslims

This subreddit is for discussion on Muslims getting married and staying (happily) married.
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2011.03.18 22:47 noonches Dating for the Dating Impaired

Dating for the dating impaired. 18+ only. Positive comment karma required. Put your location in your title. Post flair is required and needs to be correct. No surveys or forms allowed. Don't be an ass and don't post a pic of yours.
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2008.03.03 00:48 /r/dating: vent, discuss, learn!

A subreddit to discuss and explore the dating process and learn from the experiences of others
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2024.05.28 20:20 AutoModerator Weekly Recommendation Thread - May 28, 2024

Welcome to the weekly recommendation thread that we stole from books! Ever since we got rid of the clutter from chapter update posts in here, there's been a growing number of threads asking for increasingly specific suggestions on what to read. These tend to be scattered in individual threads that branch off into more suggestions, which makes them more difficult to find. So we'll be clumping all of those together into a weekly thread that is much easier to browse.
The Rules:
  1. Every comment in reply to this self-post must be a request for suggestions.
  2. All suggestions made in this thread must be direct replies to other people's requests. Do not post suggestions in reply to this self-post.
  3. All unrelated comments will be deleted in the interest of cleanliness.
  4. Any replies/comments asking for aggregator or pirate sites to read something on will be deleted.
How to get the best recommendations:
The most successful recommendation requests include a description of the kind of book being sought. This might be a particular kind of protagonist, setting, plot, atmosphere, theme, or subject matter. You may be looking for something similar to another book (or film, TV show, game, etc), and examples are great! Just be sure to explain what you liked about them too. Other helpful things to think about are genre, length and reading level.
The "Help Me Find" threads asking for suggestions will be phased out over the coming weeks. All posts asking for suggestions/recommendations must be in this thread by August 1st, 2021. Any new threads asking for suggestions after that date will be removed.
submitted by AutoModerator to noveltranslations [link] [comments]


2024.05.28 20:18 Sufficient-Course726 Re-class D1 Lacrosse Recruiting Questions

I've tried googling this, and can't seem to find a good answer. Hoping someone in the reddit universe knows how this works! My son will be a Senior at his high school in the Fall of 2024, and has been competing in club as a 2025 lacrosse player. Thus, he's already passed the 9/1/23 D1 contact date of his Junior year, where he can discuss recruiting with D1 coaches. But, based on some feedback from D1 coaches, he has now decided as of May of 2024, to re-class and become a 2026 player in terms of recruiting (he'd do a Post Graduate year or something, after finishing high school). Does that mean he technically can't discuss recruiting with D1 coaches until 9/1/24? Or, because he's a re-class from a recruiting perspective only (he's still going into his Senior year of High School), can he talk recruiting with D1 coaches now, even though he's a 2026 recruit? Just incase anyone is familiar, this player is attending, "Juniors Open" in June, which is all the top 2026 players in the country, of which most coaches assume they can't discuss recruiting with them until 9/1/24. But, in my son's case as a recruiting re-class, wondering if he can more formally disclose his school status, and progress have more transparent feedback questions with D1 coaches at Juniors Open, and a few other recruiting showcases over the summer (Maverik and a few others).
Anyone know the rules governing the situation I'm describing here? Thanks in advance!
submitted by Sufficient-Course726 to lacrosse [link] [comments]


2024.05.28 20:00 thestr33tshavenoname About You questions

I had some new questions, the first wanting to know what sector I'm employed in. The problem is, I'm not employed and that's been addressed elsewhere in my About You. I'm very worried about being banned because of this question. I tried skipping it, but that was not permitted. Ticking the box for "other" still indicates I'm employed, which I am not so I won't do that, my About You responses are honest and kept up to date. I know I shouldn't rely on this income, but I do, my head is above water because of Prolific.
I'm closing in on 2400 submissions (1 rejection). Prolific has helped me tremendously so I'm really unnerved by this. If anyone has legitimate suggestions/advice/comments that support Prolific rules for participants, I'm open.
submitted by thestr33tshavenoname to ProlificAc [link] [comments]


2024.05.28 19:58 Puzzled_Landscape_16 conflicted on whether to pursue a 3 year age gap relationship

For context I'm a 22F turning 23 recently set up with a guy who I believed was 20 turning 21. I have always had a strict no dating younger men rule, but my friend has been trying to set me up with this guy for months. He showed me pics and I thought he was cute so the guy proceeds to message me. We texted and found out we had a lot in common so decided to go on a date. The date went well. He did spend over $300 on our activity which kinda shocked me a bit when i found out. We were all set for a second date. When i got home from the date my friend actually admitted he isn't sure how old he really is. I asked him and found out he's 19 turning 20. I don't know how to feel i'm conflicted I think his age ending in teen has me thrown off. He is a really genuine guy and I find we get along easily, I'm just not sure if I should proceed.
submitted by Puzzled_Landscape_16 to self [link] [comments]


2024.05.28 19:57 LlennoxYT I need your help for a video (explanation in comments)

Would you guys be willing to print out a picture or two of a #FixTF2 picture and put it up somewhere around your town? Here are my conditions though if you would like to do this:
  1. The picture does NOT go on any private property.
  2. You DO NOT HARASS anyone with pictures or anything like that.
  3. DM me a link on where you found the picture or two you are putting up (whether it be on Reddit/Twitter or if it’s your own self-made picture).
  4. You MUST get permission in order to use it. If you would like to participate but you don’t know who to ask, I have permission from about 20 individuals to use their pictures that they have created. Message me and I’ll send you the pictures .
  5. Send me the video/picture once you have put it up and let me know if you would like your name in the video or not.
You may make it silly but do not break any of the rules. I’ll make sure to blur out any faces or anything that could indicate where you live / near where you live. If there is any more clarifying I need to do, I’ll do it here. Just have fun and don’t be stupid please.
ALSO NO VULGAR LANGUAGE AND NO MENTIONING SPECIFIC BOT/HOSTERS NAMES.
I would need all clips sent to me by Friday, May 31st if you would like to be in the video. If it's sent later I will definitely try to squeeze you in but there is no guarantee after that date that I can get you into the video.
I'll put the video in as an edit on this post once it goes up. It will most likely be out by 12 CST on Monday, June 3rd.
submitted by LlennoxYT to tf2 [link] [comments]


2024.05.28 19:48 FutureITgoat 10DLC VOIP Registration Enforcement

How are you guys handling Zoom / other VOIPs 10DLC enforcement? I just got an email saying Zoom was finally enforcing the requirement at end of month, May 31st.
I tried submitting it a few times but there would always be a new error or rule that they said we needed to fix. It seems like a lot of organizations won't be able to send SMS anymore on the 31st, unless zoom postpones it again (afaik the initial enforcement date was actually a year ago)
Source:
"Starting May 31, 2024, all US and Canada toll and virtual service phone numbers used for SMS/MMS within both the Zoom Phone and Zoom Contact Center services must adhere to industry standards and legal requirements by being included in an approved 10DLC campaign to continue sending SMS/MMS. Failure to comply with this industry and legal requirement will result in the inability to send SMS/MMS messages. You will no longer be able to send SMS/MMS if one of the below is applicable to you:
  1. If you are awaiting approval of an existing campaign and have not been able to assign numbers to a 10DLC campaign.
  2. If you are trying to send messages from numbers that are not a part of an approved 10DLC campaign.
  3. If you have acquired new numbers and not assigned them to a 10DLC campaign.
  4. If you have not created your 10DLC Brand and Campaign.
submitted by FutureITgoat to sysadmin [link] [comments]


2024.05.28 19:42 Connect-Tangerine190 how to emotionally disconnect from parents

f 22)well there is a lot story to tell but to telll short, im from india and my parents are muslims, and they are very toxic to me especially my mother, both verbally and physically sometimes, my father is caring he works hard and provides for the family but my mom and dad doesnt have a goood relationship but they stay together , coz divorce is out of picture for them coz my mom cant survive alone and thats how the culture works most of the time, and my mom showed all anger and frustationt to me and she treats me shit infront of everyone and alone. i used all these hatred as a fuel to my academic success in school and first year of university, and even still my mom has problems with me and my dad bever stopped her, and from 2nd year of university and during 2020, i fell into deep depression and i used to have panic attacks daily and it was triggerd due to some eye infection i had so anyways, my mom was there for me yeah, like she used to be kind of a therapist , but anyways. now i quit my degree from university due to cont failure after almost 5 years, and all this 5 years my mom everyday repeats me "how a loser you are and how useless you are and how stupid and bad you are and how you are sucking your father's blood by eating all 3 times and having a nice life" so lol
this how i am treated everyday, so i have developed this thinking that "i failed my parents" where i could have made them rich by completing the degree on time and got a good job. so this guilt is killing me from making me not enjoy anything i do. like when i watch a movie i think like "i owe my parents a lot and i am enjoying this"
in real i dont think i have to owe my parentts anything, but i have too much empathy on them coz how they were traumatized and how they stuck in some societal way of living and how they are immature and innocent, but they are also extremely toxic,
all i want to do is stay away from india and settle somewhere else and be financially stable and give them money. but i dont like the culture or religious beliefs they hold, but im still mentally controlled by them. i think i cant really do things i like and want without getting out of this emotional connection. im afraid out of the thought not wanting to hurt my parents ill end up following my culture and religion and live life how my parents want me to live (like get arranged marriage at 25, have kids and be a house wife to some toxic husband who wants me to just raise kids and wash dishes )
i also think that i dont deserve love? thats what my mind says, coz my mom constantly repeatts it. i have come to a mindset that i should never marry an indian coz all my cousin's husbands are so toxic. i dont even know if i wanna marry anyone, but to think of it , its scary and i cant and dont want to live like them, for all these i have to get out of my country or ateast my city and be financially stable , which will happen in 2-3 years, but i am not having confidence at all,
ALL I WANNA KNOW IS, HOW CAN I LIVE THE LIFE I WANT WHEN MY PARENTS WILL GET HEART ATTACK IF THEY KNOW I LIVE THE LIFE I WANT. like for example i cant date anyone lol, so if someday i wanna date somoene i will have this thought of "my parents willl cry and be hurt if they know i have dated someone"
i mean they have their reasons to think so , but idk i feel affected by it and it doesnt let me to do what i wanna do fully
submitted by Connect-Tangerine190 to AsianParentStories [link] [comments]


2024.05.28 19:32 Connect-Tangerine190 how to emotionally disconnect from parents?

(f 22)well there is a lot story to tell but to telll short, im from india and my parents are muslims, and they are very toxic to me especially my mother, both verbally and physically sometimes, my father is caring he works hard and provides for the family but my mom and dad doesnt have a goood relationship but they stay together , coz divorce is out of picture for them coz my mom cant survive alone and thats how the culture works most of the time, and my mom showed all anger and frustationt to me and she treats me shit infront of everyone and alone. i used all these hatred as a fuel to my academic success in school and first year of university, and even still my mom has problems with me and my dad bever stopped her, and from 2nd year of university and during 2020, i fell into deep depression and i used to have panic attacks daily and it was triggerd due to some eye infection i had so anyways, my mom was there for me yeah, like she used to be kind of a therapist , but anyways. now i quit my degree from university due to cont failure after almost 5 years, and all this 5 years my mom everyday repeats me "how a loser you are and how useless you are and how stupid and bad you are and how you are sucking your father's blood by eating all 3 times and having a nice life" so lol
this how i am treated everyday, so i have developed this thinking that "i failed my parents" where i could have made them rich by completing the degree on time and got a good job. so this guilt is killing me from making me not enjoy anything i do. like when i watch a movie i think like "i owe my parents a lot and i am enjoying this"
in real i dont think i have to owe my parentts anything, but i have too much empathy on them coz how they were traumatized and how they stuck in some societal way of living and how they are immature and innocent, but they are also extremely toxic,
all i want to do is stay away from india and settle somewhere else and be financially stable and give them money. but i dont like the culture or religious beliefs they hold, but im still mentally controlled by them. i think i cant really do things i like and want without getting out of this emotional connection. im afraid out of the thought not wanting to hurt my parents ill end up following my culture and religion and live life how my parents want me to live (like get arranged marriage at 25, have kids and be a house wife to some toxic husband who wants me to just raise kids and wash dishes )
i also think that i dont deserve love? thats what my mind says, coz my mom constantly repeatts it. i have come to a mindset that i should never marry an indian coz all my cousin's husbands are so toxic. i dont even know if i wanna marry anyone, but to think of it , its scary and i cant and dont want to live like them, for all these i have to get out of my country or ateast my city and be financially stable , which will happen in 2-3 years, but i am not having confidence at all,
ALL I WANNA KNOW IS, HOW CAN I LIVE THE LIFE I WANT WHEN MY PARENTS WILL GET HEART ATTACK IF THEY KNOW I LIVE THE LIFE I WANT. like for example i cant date anyone lol, so if someday i wanna date somoene i will have this thought of "my parents willl cry and be hurt if they know i have dated someone"
i mean they have their reasons to think so , but idk i feel affected by it and it doesnt let me to do what i wanna do fully
submitted by Connect-Tangerine190 to internetparents [link] [comments]


2024.05.28 19:28 NoBookkeeper194 Question regarding N13 documentation

What are the rules regarding documentation for L2 hearings related to N13’s? Like do they have to provide the permits and documents to the tenants similar to with AGI’s for capital expenditures, or is that only required to be given to tenants as part of their disclosure?
I’ve got an N13 hearing in August, and I would like to review all the documents soon so I can make the decision whether they are likely to succeed and if I should see if they have another unit that myself and the other tenant on the lease can move into, or if I should hire a paralegal and go through with the hearing.
Also, the compensation check has both my name, as well as the other tenants name. We do not have a joint bank account so the bank wouldn’t let either one of us deposit it. Does that essentially make the entire N13 void because of the failure to give the compensation by the termination date?
submitted by NoBookkeeper194 to OntarioLandlord [link] [comments]


2024.05.28 19:27 Pampered_princess375 Going NC with parents

TW: mental abuse, transphobia
Im going NC with my parents because my motger is a narcisist a transphobe and my dad us an enabler.
I have to start this when i initially came out to them, i was about 14-15 (27 now) i already knew i was a girl around the age of 12-13 and i've had since my young childhood that my mother took me to psychiatrists, my first diagnosis was adhd, my parents couldnt believe that so several years later they took me to a new one and they revised it to clasical autism (dsm IV), their reasoning was that i never played with toys or was hyper active i woyld lay on the couch 24/7, this is important for later in the story.
Then whwn i came out my dad exploded with anger, by this time i was already in yet another psychiatry institution. I had to tell the psychiatrist myself what happend but i couldnt, i was shut in couldnt mutter a word because im scared to the bone. Then the next part of my life i tried to talk to them about it basically each year. On my 18th they instated via a court that i would be under a very heavy form of medical and economic "help" (not reallt sure how to translate it to english) it ment that they basically decided eveeything for me, medical and monetary wise since i couldnt do it myself. 5 years later this was scaled down from the one thing to borh the seperate things, legally rhat is less heavy and i am allowed to decide myself about medical stuff etc.
So to come to 2023 i started a course which i got from them for personal development, it was a spiritual thing combined with science but it actually did help me get rhe power bavkto myself. Then in october 2023 i talked to them yet again after boy moding for several years and just botteling it up, beeing very depressed in the process. I finally got through to them that they allowed me (yes it felt like that and they even said it to me that way) so, then the roller coaster started for real.
Eventually i felt better in my day to day life, i finally started to feel free and this is when i found adhd, the inital diagnosis, fit better with me. People around me (except my parents) also say that. I grew exponentially sincw october but my parents, and especially my mum kept dead naming me and mispronouncing me, i talked several time to her, saying how much it hurts, not a single shit was given i even got nasty looks from her.
So then come a month ago, shit went south again with her and i placed a NC rule in without a date, just for a while. Then me my partner (of 9.5 years) and someone who helps around the house and with talks etc. Went to the GP to inform about to get that money and medical stuff away from them and to a neutral party. On a positive not i dis also get a refferal to the gender clinic in a city near me, that made me really happy and still does.
But today that help informed my parents that that stuff was foing away from them, but the one we wanted did want that they were informed and i knew that i couldnt handle talking to them about it, rhat was todat and even while writing this im scared out od my mind that somehow they will read this and trace it back to me...
I also have DiD so for anyone who knows what it is also knows that there was more to this ebtire story then only the trans stuff, i really needed to get this of my chest
submitted by Pampered_princess375 to MtF [link] [comments]


2024.05.28 19:24 mrbill071 Church Rules for Dating/Relationships

I (23M) grew up in a fairly conservative Pentecostal church but never really had a strong conviction or belief for anything they taught. There was a strong emphasis at my church on marrying only within the church, and that was exclusive to our church and it’s other branches around the world, we couldn’t even date or marry other Pentecostals outside of our specific organization. I always thought it was funny that they made us follow this strict doctrine because they promised us the best, most happy relationships, since God would “pick out the best match for us”. My branch was pretty small, there were probably 10-12 families that attended. About half or more of these families were either divorced or had toxic partners who no longer came to church. And these were people who all had gotten married within the church. To illustrate how bad it was, this one couple had gotten married in the church, had three children, divorced, remarried to different people within the church, and those couples ended up divorcing too. Since I didn’t really care what they had to say about me dating girls, in high school I ended up dating two girls for about two years each. The pastors were extremely upset and told me on numerous occasions that I should leave them. My parents were also disapproving but let me do what I wanted because thankfully they’ve never been super controlling. Time passed and these girlfriends ended up leaving my life since these were really just childhood relationships and children don’t know what they want. Around this time the Pastors got much more controlling as they saw the younger generation starting to fade away. One rule they made was that worldly relationships could no longer happen and you would be immediately asked to leave the church if you were caught with one and wouldn’t repent. The only relationship from my generation that they could use as an example of what “God wanted” was the grandson of an elder from Australia who had come over for college. He had met this 13/14 year old girl when he was 22 and everyone could tell he was in to her. They would talk, sometimes alone, together at church late into the night. When she turned 17 she was deemed ready for dating by the pastors and now they are a couple. This blatant grooming case was preached from the pulpit of an example of what God wants for us in a relationship, citing how they now have the same values and can always turn to prayer and God when things get hard in the relationship. I think it’s absolutely laughable how a church with an abysmal track record for relationships and marriages thinks that they are the authority on the matter, and that acting in any way different than what they want is not only stupid, but a sin. Anybody else experience this kind of stuff within your own churches? Is this more common than outsiders would think?
submitted by mrbill071 to ExPentecostal [link] [comments]


2024.05.28 19:20 Pale-Potato2156 FFIE Nasdaq Delisting Notice FAQs: (copied directly from the release statement on the Faraday Future app)

Q: Has Faraday Future’s common stock and warrants been delisted or suspended? A: No, both our common stock and warrants remain listed on Nasdaq.
Q: Can I continue to trade in Faraday Future securities? A: Yes, you may, in the same manner as prior to the Delisting Notice.
Q: Have the ticker symbols for Faraday Future securities changed? A: No. Our common stock continues to trade under the symbol “FFIE”, and our warrants continue to trade under the symbol “FFIEW.”
Q: Does the Company intend to request a hearing with the Nasdaq Hearings Panel? A: Yes. The Company intends to timely request a hearing before the Hearing Panel to appeal the Delisting Notice.
Q: Does Nasdaq have the right to refuse a company's request for a hearing? A: So long as the Company timely pays the necessary fee, the Hearing Panel will grant the request.
Q: What is the effect of timely requesting a hearing with the Nasdaq Hearing Panel? A: The hearing request will automatically stay any suspension action for 15 days from the date of the request. The Company intends to request an extended stay of the suspension pending the hearing with the Hearing Panel, and the expiration of any additional extension period granted by the Hearing Panel following the hearing.
Q: How long will it take to have the hearing with the Nasdaq Hearing Panel? A: There is no set timeframe, although hearings often occur between 30 and 45 days after the date of the hearings request.
Q: How long will the Nasdaq Hearing Panel take to issue a decision? A: The Hearing Panel typically issues a decision within 30 days of the hearing. If the Panel grants an exception and allows the company to remain listed while working to regain compliance, the Company will remain under the jurisdiction of the Panel for the balance of that exception period.
Q: If the Hearing Panel decides to delist the Company, how long will it be before the Company’s securities are suspended from trading on Nasdaq? A: If the Hearing Panel issues a delisting decision, the Company’s securities will be suspended from trading on the Nasdaq Stock Market effective on the second business day after the decision is issued. The formal removal of the Company's listing on the Nasdaq Stock Market would occur after all appeal rights have been exhausted, which may take several months. Nasdaq will notify the SEC of the removal of the company's listing by filing a Form 25 and will send a copy to the company.
Q: Can the Company appeal the Hearing Panel’s decision and, if so, what is the effect? A: Yes. The Company may appeal the Hearing Panel's decision to the Listing Council. The Listing Council may also decide to call the decision for review. However, the appeal to the Listing Council does not stay a Panel's decision or the suspension of the trading of the Company's shares pending a final determination by the Listing Council. If the Listing Council overturns a Panel decision, then the Company's securities may be reinstated on Nasdaq. After a determination by the Listing Council, the Company may appeal to the SEC and, from there, it may proceed to the federal court system.
Q: If the Company is delisted, can it become listed on Nasdaq again, and is there a waiting period? A: Yes. The Company may re-list on Nasdaq after a delisting. Nasdaq does not impose a waiting period to re-list the Company's securities so long as it meets all initial listing standards. The Company can file a new listing application at any time after it is delisted, and can be re-listed, provided that it successfully completes the initial listing process and meets all the initial listing requirements for the respective market.
Q: If delisted, can the Company’s securities continue to trade? A: If the Company is delisted by Nasdaq, it may be eligible for quotation on FINRA's Over-the-Counter Bulletin Board (the OTCBB) if a market maker makes application to register and quote the security in accordance with SEC Rule 15c2-11, and such application (a Form 211) is cleared. Only a market maker, not the Company, may file a Form 211. For more information on the OTCBB, see www.otcbb.com. If the Company remains late in its filings, it cannot have its securities quoted on the OTCBB until the filings are current. There are other unregulated markets where the Company may be quoted if it cannot qualify for quotation on the OTCBB.
Q: If delisted, does that mean bankruptcy is imminent?
A: Delisting does not necessarily indicate that bankruptcy is imminent. Any decision on whether to seek bankruptcy protection would be made by the Company’s Board of Directors.
Q: Would the Company plan to maintain its operations if it is delisted?
A: Delisting in and of itself will not determine whether the Company will seek to maintain its operations.
Q: What measures will the Company take to help regain compliance? A: The Company is considering all potential options available to it to regain compliance with the aforementioned rules, including filing its 2023 Annual Report on Form 10-K, timely filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, and seeking stockholder approval for a reverse stock split. Alongside these regulatory measures, the Company is actively seeking strategic funding, particularly in the Middle East. However, the company notes that these efforts involve uncertainties and cannot guarantee compliance achievement through these means alone.
submitted by Pale-Potato2156 to FFIE [link] [comments]


2024.05.28 19:20 Lampedusan Muslim rulers did not identify as Indian, but not because they hated Hindus

Ive seen posts which claim Muslim rulers of India such as Delhi Sultanate and Mughals did not consider themselves to be Indian/Hindustani and still identified as Turkic. While this is true I believe this is because Islamic societies generally don’t emphasise“nationhood” that strongly.
I don’t think Seljuk Turks saw themselves as Egyptian or Tamerlane saw himself as Persian after ruling a large chunk of it. Muslim societies are generally more based on tribal structures in addition to Islam instead of nation. Even countries like Indonesia required Islam to spur nationalism, as the sense of being “Indonesian” wasn’t a concept. It was their tribe and Islam.
Similarly another claim asks why Muslim rulers did not speak the local language and used foreign languages like Persian. I would argue that Central Asia was already heavily Persianised and this is where the rulers descended from. Breakaway states like Mysore or the Deccan sultanates inherited the structures of mega empires like Delhi Sultanate and Mughals which had Persian as a court language.
I also think part of it is that Hindus and Muslims are just so different. Indian culture is incredibly esoteric and intertwined with Hinduism which is haram for Muslims. So it would have felt alien for Muslim rulers to enjoy Bharatnatyam, traditional Hindu architecture and literature which heavily revolves around Hindu motifs. Epic poems like Ramayana etc also revolve around Hinduism therefore create a mental barrier for a Muslim to partake in it. Persian culture was more easier to integrate with Islam eg gardening, poetry etc did not contradict with Islam.
submitted by Lampedusan to indianmuslims [link] [comments]


2024.05.28 19:08 Pale-Potato2156 🧠🦍Curious about what the delisting comments are about? Click here to learn about it:

Information copied from the Faraday statement released via the Faraday future app:
Company was not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), as the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days. The letter indicated that, as a result, the Nasdaq staff has determined to delist the Company’s securities from The Nasdaq Capital Market (the “Delisting Determination”).
As previously reported, on December 28, 2023, Nasdaq notified the Company that the bid price of its listed securities had closed at less than $1.00 per share over the previous 30 consecutive business days and, as a result, did not comply with Listing Rule 5550(a)(2). The Company was provided 180 calendar days, or until June 25, 2024, to regain compliance with this rule.
Additionally, on April 18, 2024, Nasdaq notified the Company that since it had not yet filed its Form 10-K for the year ended December 31, 2023, it no longer complied with Listing Rule 5250(c)(1). Pursuant to Listing Rule 5810(c)(2)(A), this deficiency is now an additional basis for delisting.
The Company intends to request a hearing to appeal the Delisting Determination by May 1, 2024, the latest date permitted, which will stay the suspension of the Company’s securities for 15 days from the date of the request, during which time the Company’s securities will continue to be listed on The Nasdaq Capital Market. The Company also intends to request an extended stay of the suspension pending such hearing with Nasdaq’s Hearings Panel.
If the Company fails to appeal the Delisting Determination by May 1, 2024, trading of the Company’s common stock will be suspended at the opening of business on May 3, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market.
The Company is considering all potential options available to it to regain compliance with the aforementioned rules, including filing its 2023 Annual Report on Form 10-K, timely filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, and seeking stockholder approval for a reverse stock split.
submitted by Pale-Potato2156 to FFIE [link] [comments]


2024.05.28 19:07 GroundbreakingLead94 Advice for Pre-Con Investment

Context

Question

Should I consider an assignment sale for the pre-con or sell my condo and close on the pre-con when it's completed?

Considerations

Would love to get your thoughts / feedback!
submitted by GroundbreakingLead94 to PersonalFinanceCanada [link] [comments]


2024.05.28 18:45 Jonthn44 The SOVCITs argument

Idk what your talking about as far as admiralty law, or why you think that I think “all the judiciary is illegitimate”? You sound like a SOVCIT yourself. I love the law… I’m just more of a Constitution of the USA, supreme law of the land aficionado, and resent the administrative, ordinances, and over reaching BS that leads to entitled tyrants, who forget they are public servants and begin expecting you to comply, or submit, just because most others do.
Btw, your mind would be blown if you only knew that what I am telling you about speeding tickets is true. And the thing about reserving your rights and not willfully complying by appearing (or “setting up a court date” yourself, by request, within a specified amount of time) the “speeding tickets” do not become part of your driving record. Because you did not submit, and allow them to penalize you by putting points on your driving record. They can only do that if you allow them to. Don’t believe me? I know it’s true, I’ve done it several times. I’ve also renewed my registration, applied for and received a new states drivers license, transferred my vehicle registration to a new state, (I have ignored tickets in both states) with impunity. The only thing that is on my driving record is the first time I ever received a photo enforced ticket in the mail. I naively complied, paid the fine, took driving school (which supposedly was supposed to prevent the points from going on my record, it didn’t) and to this day I pay more for insurance because of it. I received another one a few months later, and I started thinking about it, and the more I thought about it, the more I realized how foolish it is to let myself be abused by the govt. when I am an American, I am free, the role of govt. is clearly explained by our constitution, and the rights that protect me from govt BS are self evident, (to those who actually contemplate what that means). I first applied the principles, (if A is true, than B cannot be true which lead me to realize there is a C at play that allows B to parade around as if it were true, and nobody cares about A any more) did some research, and have been studying to reverse engineer the mechanics of it ever since. But while I have not fully identified the full extent of the underlying mechanics, I have identified a formula that works, I have tested it several times, and demonstrated it works. It’s not a hack, or a glitch, it all comes down to “if the practice, demand, request, policy, rule, statue, whatever conflicts with the supreme law of the land, it is void, unenforceable, and can be ignored with impunity. There is also latches, which prevents you from backing out of the process after you already submitted to their jurisdiction by appearing and entering a plea, by that same principle, by ignoring an unconstitutional request, you have demonstrated your refusal to comply, and have not submitted to being brought under their jurisdiction. (Food for thought: in Texas part of the transportation code, that has to do with speeding, includes (“the text, arraignment a court date within 14 days, if you fail to do this, a warrant may be issued for your arrest.” Thats not the exact text because I do not feel like looking it up just to present it to you, you would have to do your own research, but why do you think they explicitly state, “the citation may include the text… blah blah blah”? They are sanctioning the inclusion of an indirect threat for the obvious effect it will have, scaring people into compliance. But “may issue” and “will issue” have separate and distinct meanings)
Here’s a thought experiment. Honestly, have you ever knowingly exceeded the speed limit? Seriously, at some point in your life I’m sure you have exceeded the speed limit. When you exceeded the speed limit, did you do so even though you “could kill somebody.”, did you do so, even though it was reckless and by doing so, you placed yourself and whoever else was with you in imminent danger?… Of course you didn’t. You felt that exceeding the speed limit at that particular time, on that particular roadway was perfectly safe, and did so confidently and comfortably. Now suppose you happened to have been cited by a police officer who stops you and issues a citation. What justifies you having to appear at an administrative hearing, where you will face penalties and fees for your traveling at a speed higher than the posted speed limit? Even though, you were in full control the whole time, you did not at any point feel that what you were doing was endangering your life, or the lives of others. (If you did, you shouldn’t have been going that fast IMO), you did not damage anyone’s property, or harm anyone, but you were spotted by an officer traveling 55 in a 35 on a back country road. Does the government know better than your best judgement as to how you should operate your motor vehicle at that specific place, and moment in time? With their “posted speed limit sign you past 1.5 miles back? What is the intended purpose of those speed limit signs anyway? Are they there as a set limit in order for police to have an objective reference speed so they can more efficiently “bust people speeding” if they dare exceed it? No. They are there so people don’t have to guess how fast they should ne driving, and provide a generalized speed, designed to get as many drivers moving at a maximum speed that is safe for all vehicles and all drivers. It does not consider your vehicle, your driving ability, your familiarity with the roadway, actual traffic conditions, or anything other than, what is the maximum speed we can set that all drivers and vehicles can safely travel, for efficient, congestion resistant, and is suitable for all vehicles. That is the “posted maximum speed”. In order to “promote safety” not a means to extract additional money from people, because that would be unconstitutional. Some people believe that is cause worth accepting penalties and fees, if they are spotted “speeding” because they believe it will promote safer driving, if that’s you, and you feel a conviction to subject yourself to penalties and fees in demonstration of your solidarity in promoting safety then by all means. But myself, I don’t need the government telling me I’m not driving correctly, and would not have exceeded the speed limit if I did not feel 100% confident that it was safe. Therefore I do not participate.
All men were created equal, and were endowed with inalienable rights, by God. The rights are self evident, and fundamental to a free society. Our form of govt. as defined by the Constitution of the USA, was designed solely to protect those rights, and allow for a govt. but also allow for the people to maintain their sovereignty. The authority of government is derived from the consent of the people to be governed. That consent is contingent upon govt. abide by and uphold the Constitution. Hence, the oath of office. A breach of their oath is a breach of contract with the people, and failure to abide by the constitution is not within the scope of the agreement to which the people have granted authority to govern us. We have a right to the pursuit of happiness, and no public servant should impede, interfere, or otherwise infringe upon this right, except in very limited circumstances. This interruption must be founded upon an reasonable and articulable cause, and must be carried out by the least intrusive means, while diligently working to its conclusion efficiently and as quickly as possible. At the conclusion of the reason for “stopping” you, they must allow you to freely go on about your business, any delay beyond that point is unacceptable, to the extent that even if evidence of criminal activity were discovered, sometime during the delay, that evidence will be excluded from being used against you.
Why is that? Is it because we are free and have a right to do so? Well, yes, but I believe there is a much more compelling reason for such hostility toward government intrusion. It’s because everything the govt. is allowed to control goes to shit. The govt. sucks at everything they are tasked to administer. So not only do we have a right as a free society, but it is to protect you from the govt. and the founders knew, that the govt. should not be allowed to dictate your life in anyway, as it will lead to shit. Look at what happened when America was the least regulated, smallest government, and people were left to their own will. America thrived and accomplished more in a shorter period of time than any other people in history by far. Now look where we are today, as that freedom has steadily been eroded, the state has steadily implemented an always increasing overreach to the point, that people don’t even question rather they have a choice to be penalized for “speeding” and being spotted by a public servant. As our freedoms diminish, and the govt, is allowed to ever expand their “power” it directly correlates with the decrease in quality of life. That to me, is the “sovcit” argument.
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2024.05.28 18:42 TodaysStocks Gold Royalty Announces Agreement to Acquire Vares Copper Stream

Gold Royalty Announces Agreement to Acquire Vares Copper Stream
Vancouver, British Columbia – May 28, 2024 – Gold Royalty Corp. (“Gold Royalty” or the “Company”) (NYSE American: GROY) is pleased to announce that it has entered into a binding purchase and sale agreement (the “PSA”) with OMF Fund III (Cr) Ltd., an entity managed by Orion Mine Finance Management LP (“Orion”) to acquire a copper stream (the “Stream”) on the Vares Silver Project (“Vares”), operated by a subsidiary of Adriatic Metals plc ("Adriatic") located in Bosnia and Herzegovina (the “Transaction”).
Under the terms of the PSA, Gold Royalty will pay consideration to Orion of US$50 million to acquire the Stream at closing of the Transaction, consisting of US$45 million payable in cash and US$5 million to be satisfied by the issuance of 2,906,977 Gold Royalty shares.
Transaction Highlights:
  • Materially accretive to Gold Royalty’s cash flow
    • The Vares Stream applies to 100% of copper production from the mining area over the Rupice deposit. The Stream has associated ongoing payments equal to 30% of the LME spot copper price, with the effective payable copper fixed at 24.5%.
    • First concentrate production at Vares occurred in February 2024 with commercial production expected in the fourth quarter of 2024.
    • Adriatic has provided production guidance of 240-300 kt of ore mined from Vares with copper grades of 0.5-0.6% in 2024. Adriatic forecasts 750-850 kt and 800-900 kt of ore mined in 2025 and 2026 respectively at grades of 0.5-0.7% Cu.
    • Gold Royalty expects to potentially further benefit from copper prices currently near all time highs.
  • High-quality asset with exploration and expansion upside
    • Adriatic’s most recent guidance is targeting a mine life of 18 years with an attractive operating cost profile.
    • Mine plan is built upon the high-grade polymetallic Rupice deposit with copper expected to comprise only 2% of the life of mine revenue.
    • Studies are underway to increase annual production rates to 1 million tonnes of ore per year by 2026.
    • Adriatic has stated that the project remains open for further exploration within the existing Vares concessions.
  • Aligning with a strong and proven operating team
    • Adriatic's operating team is highly experienced.
    • Recent initiatives have improved productivity levels and advanced development supporting Adriatic’s disclosed guidance of commercial production in the fourth quarter of 2024.
David Garofalo, Chairman and CEO of Gold Royalty, commented: “With this acquisition we are adding another high-quality, long-life asset to our portfolio which we expect will meaningfully increase our revenue and cash flow on a per share basis. Vares not only provides significant near-term cash flow, but also provides potential upside through exploration and mine expansion. We welcome Orion as a strategic shareholder and look forward to further enhancing our relationship with a leading private equity firm with an exceptional track record in the global mining sector. Finally, while the Gold Royalty portfolio is still predominantly precious metals focussed, the Company expects to benefit from record copper prices through the additional copper exposure that comes with the Vares Stream.”
Overview of the Vares Silver Project
The Vares Silver Project consists of 41 km2 of concession area, which is centered around the town of Vares. The town is located in the Vares municipality in Bosnia and Herzegovina and is a 50-minute drive from Sarajevo, the capital of Bosnia and Herzegovina. The Vares Operation is one of the largest investments in Bosnia and Herzegovina, bringing significant economic and social benefits to the country. The Stream applies to certain areas of Vares, including the Rupice area of the project. All mineral reserves and resources within the current Vares mine plan are from the Rupice deposit and are subject to the Stream (refer to Table 2 and Table 3).
Vares is a polymetallic project with the majority of expected production to be silver and zinc, in addition to smaller components of lead, gold, copper, and antimony. Current development and near-term production are expected from the Rupice underground mine.
The Vares Processing Plant has a nominal capacity of 800,000 tonnes per annum, and applies three-stage crushing, grinding, flotation and filtration to produce two saleable concentrates: silver-lead and zinc concentrates are expected to be transported via rail to the Port of Ploče for shipment to smelters. The silver-lead concentrate contains payable silver, lead, zinc, copper and gold. The zinc concentrate contains payable zinc, silver, and gold. Both the Rupice Mine and Vares Processing Plant have been designed and constructed using the latest technology from the leading manufacturers in the industry, whilst adhering to the highest levels of health and safety.
On January 24, 2024, Adriatic announced its maiden production guidance for 2024, 2025 and 2026 following an updated reserve announcement in December 2023. The guidance is based on successful extension and exploration drilling, mine optimization work and advancing higher grade development at Rupice and Rupice Northwest. Such guidance consisted of the 2024 ramp-up and future life of mine averages:
Table 1 – Adriatic Production Guidance for the Vares Silver Project
https://preview.redd.it/g6nbq9z9473d1.png?width=836&format=png&auto=webp&s=1fda03308c2a2713cb2937349508efcedf7d2cda
Table 2 – Rupice Deposit Mineral Reserves (as announced on December 20, 2023)
https://preview.redd.it/bu7a5ofb473d1.png?width=836&format=png&auto=webp&s=b54954b914f81f18616f88a68b70c53645a850e0
Mineral Reserves Notes:
  • The Mineral Reserve has been prepared by Adriatic reported in accordance with the requirements of ASX Listing Rule 5.8 and the JORC Code and is not a current mineral resource estimate prepared under SK-1300.
  • For the mineral reserves, metal prices of US$23.00/oz Ag, US$2,450/t Zn, US$2,280/t Pb, US$8,335/t Cu, US$1,912/oz Au and US$11,525/t Sb were used.
  • A mining cost of US$35/t was used for the cost model, all other costs remained as per the previous definitive feasibility study disclosed by Adriatic;
  • As there was no measured mineral resource, no proven ore reserves were estimated.
  • During the stope optimization process, a maximum of 5% inferred material is allowed to be included in individual stope shapes;
  • Overall, less than 1% of the Ore Reserve is in the inferred category;
  • Any inferred material was given a zero grade;
  • No stoping had taken place at the cut-off date of this report and while development stockpiling has commenced, volumes are not sufficient for any reasonable grade reconciliation to commence;
  • The estimated reserves were reported on a 100% basis; and
  • A cut-off is applied using a net smelter return of US$68/t ore.
Table 3 – Rupice Deposit Mineral Resource Estimate (as announced on July 27, 2023)
https://preview.redd.it/aarlw8od473d1.png?width=839&format=png&auto=webp&s=e62150ad1df08f0aca82c2270cca1e5f7b2779a5
Mineral Resource Estimate Notes:
  • The Mineral Resource Estimate has been prepared by Adriatic reported in accordance with the requirements of ASX Listing Rule 5.8 and the JORC Code and is not a current mineral resource estimate prepared under SK-1300.
  • A cut-off grade of 50 g/t silver equivalent was applied.
  • Silver equivalent (AgEq) –was calculated using conversion factors of 31.1 for Zn, 24.88 for Pb, 80.0 for Au, 1.87 for BaSO4, 80.87 for Cu, 80.87 for Sb, and recoveries of 90% for all elements. Metal prices used were US$2,500/t for Zn, US$2,000/t for Pb, US$150/t for BaSO4, US$2,000/oz for Au, US$25/oz for Ag, US$6,500/t for Sb and US$6,500 for Cu.
  • The applied formula was: AgEq = Ag(g/t) x 90% + 31.1 x Zn(%) x 90% + 24.88 x Pb(%) \ 90% + 1.87 x BaSO4% x 90% + 80 x Au(g/t) x 90% + 80.87 x Sb(%) x 90% + 80.87 x Cu(%) x 90%*
  • Adriatic disclosed that it was the opinion that all elements and products included in the metal equivalent formula have a reasonable potential to be recovered and sold.
  • Metallurgical recoveries of 90% have been applied in the metal equivalent formula based on recent and ongoing test work results.
  • A bulk density (BD) was calculated for each model cell based on its domain, using regression formulas. For the Main zone: BD = 2.66612 + BaSO4 x 0.01832 + Pb x 0.03655 - Zn x 0.02206 + Cu x 0.09279 for the barite high-grade domain, BD = 2.72748 + BaSO4 x 0.02116 + Pb \ 0.04472 + Zn x 0.01643 - Cu x 0.08299 for the barite low-grade domain; and for the NW zone: BD = 2.92581 + BaSO4 x 0.01509 + Pb x 0.04377 - Zn x 0.02123 + Cu x 0.10089 for the barite high-grade domain, BD = 2.74383 + BaSO4 x 0.01731 + Pb x 0.04573 + Zn x 0.02023 - Cu x 0.06041 for the barite low-grade-domain (the barite domains were interpreted using 30% BaSO4 cut-off).*
  • Rows and columns may not add up due to rounding.
For further information regarding the Vares Project and the above estimates and guidance, please refer to Adriatic's company announcements dated January 24, 2024, December 20, 2023, July 27, 2023, August 19, 2021, available under its profile at www.sedarplus.ca.
Transaction Funding
The Company expects to fund the acquisition by means of its announced equity offering and borrowings under its revolving credit facility. Gold Royalty has entered into an amendment to its credit agreement with the Bank of Montreal and the National Bank of Canada to expand its existing secured revolving credit facility by US$5 million in connection with the Transaction. As amended, the expanded credit facility will consist of a US$30 million secured revolving credit facility with an accordion feature providing for an additional US$5 million of availability subject to certain conditions. Such amendment is subject to, among other things, closing of the Transaction and the satisfaction of customary conditions.
About Gold Royalty Corp.
Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.
Gold Royalty Corp. Contact
Peter Behncke Director, Corporate Development & Investor Relations Telephone: (833) 396-3066 Email: [info@goldroyalty.com](mailto:info@goldroyalty.com)
Qualified Person
Alastair Still, P.Geo., Director of Technical Services of the Company, is a "qualified person" as such term is defined under Canadian National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information disclosed in this news release.
Notice to Investors
Except where otherwise stated, the disclosure in this press release relating to the Vares Project has been derived from the disclosures of Adriatic identified herein and other public information disclosed by it. Such information has not been independently verified by the Company. Specifically, Gold Royalty has limited, if any, access to the property subject to the royalty. Although Gold Royalty does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate.
Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this news release, including any references to mineral resources or mineral reserves, was prepared by the Adriatic under the 2012 Edition of the Australasian Code for Reporting of Exploration Results, which differs from the requirements under NI 43-101 and those of the U.S. Securities and Exchange Commission, including under subpart 1300 of Regulation S-K under the Securities Exchange Act of 1934 ("SK 1300"). Accordingly, the scientific and technical information contained or referenced in this news release may not be comparable to similar information prepared by entities under NI 43-101 or SK 1300.
In addition, the disclosure herein includes information regarding resource and reserve estimates and other exploration information prepared and disclosed by Adriatic, which has been included by the Company pursuant to Item 1304 of SK1300 as such information was prepared and disclosed by Adriatic prior to the Company's acquisition of an interest in Vareš. The Company is not treating such information as a current estimate of mineral resources or mineral reserves under SK1300 and notes that a qualified person of the Company has not done sufficient work to classify the estimate as such under SK1300.
Forward-Looking Statements
Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"), including but not limited to statements regarding the Company's expected acquisition of the Stream and the anticipated benefits of the Transaction, the disclosed expectations, plans, strategies and expectations disclosed by the operator of the Vares Project, including its production guidance and expected production milestones for the project, the proposed amendments to the Company's revolving credit facility and the completion of the announced equity offering. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including that the conditions to the Offering and the SPA will be satisfied in a timely manner, the amendments to the Company's revolving credit facility will be completed as expected, the announced equity offering of the Company will be completed as contemplated and that the operator of the Vares Project will achieve its disclosed expected timelines and milestones at the project, future growth and acquisitions and the parties' ability to identify and complete investment opportunities. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, including the possibility that the Transaction does not close when expected, or at all, because conditions to closing are not satisfied on a timely basis, possibility that the announced equity offering does not close when expected, or at all, because conditions to closing are not satisfied on a timely basis, or at all, any inability to amend the Company's revolving credit facility as expected, volatility in the price of gold or copper, risks related to the operator of the Vares Project, including operational risks associated with mine development and operation, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties of such project, the influence of macroeconomic developments and other factors set forth in the Company's Annual Report on Form 20-F for the year ended December 31, 2023 and its other publicly filed documents under its profiles at www.sedarplus.ca and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
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2024.05.28 18:39 TodaysStocks Gold Royalty Announces US$30 Million Bought Deal Financing

BASE SHELF PROSPECTUS AND PRELIMINARY PROSPECTUS SUPPLEMENT ACCESSIBLE AND FINAL PROSPECTUS SUPPLEMENT TO BE ACCESSIBLE WITHIN TWO BUSINESS DAYS ON SEDAR+
Vancouver, British Columbia – May 28, 2024 – Gold Royalty Corp. (“Gold Royalty” or the “Company”) (NYSE American: GROY) is pleased to announce that it has entered into an agreement with National Bank Financial Inc. and BMO Capital Markets Corp., as joint book-runners, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 17,442,000 units of the Company (the “Units”) at a price of US$1.72 per Unit (the “Offering Price”), for aggregate gross proceeds of approximately US$30 million (the “Offering”).
Each Unit will consist of one common share of the Company (each a “Common Share”) and one common share purchase warrant (each a “Warrant”). Each Warrant will be exercisable to acquire one Common Share of the Company for a period of thirty-six months at an exercise price of US$2.25. Subject to receipt of the necessary approvals, the Common Shares as well as the Common Shares issuable upon exercise of the Warrants will be listed on the NYSE American. The Company has agreed to use commercially reasonable efforts to list the Warrants on the NYSE American following closing of the Offering.
The Company has granted the Underwriters an over-allotment option, exercisable in whole or in part at any time at the Offering Price up to 30 days after closing of the Offering, to purchase up to an additional 15% of the number of Units issued pursuant to the Offering, for additional gross proceeds to the Company of up to approximately US$4.5 million, to acquire Units, Common Shares and/or Warrants (or any combination thereof).
The Company intends to use the net proceeds of the Offering to fund a portion of the consideration for its acquisition (the "Acquisition") of a copper stream (the “Stream”) in respect of the Vares Silver Project, operated by a subsidiary of Adriatic Metals plc and located in Bosnia and Herzegovina pursuant to a purchase and sale agreement (the “PSA”) between the Company and OMF Fund III (Cr) Ltd., an entity managed by Orion Mine Finance Management LP (“Orion”). Under the terms of the PSA, Gold Royalty will pay US$50 million to acquire the Stream from Orion at the closing of the Acquisition, comprised of US$45 million payable in cash and US$5 million to be satisfied by the issuance of 2,906,977 Gold Royalty shares.
Closing of the Offering is expected to occur on or about May 31, 2024 (the “Closing Date”), subject to customary closing conditions, including the receipt of all necessary approvals of the NYSE American in accordance with its applicable listing requirements. The closing of the Offering is not conditional upon the completion of the Acquisition. In the event that the Acquisition is not completed, the Company may reallocate the net proceeds from the Offering for general corporate purposes, including to fund other acquisitions or repay outstanding indebtedness.
The Offering will be made in each of the provinces and territories of Canada, other than Quebec and Nunavut, by way of a prospectus supplement to the Company’s Canadian short form base shelf prospectus dated July 15, 2022. The Company has also filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-3 (File No. 333-265581), containing a shelf prospectus dated July 6, 2022, which was declared effective by the SEC on July 15, 2022. The securities in the Offering are being offered only by means of a prospectus, including a prospectus supplement, forming a part of the registration statement. A preliminary prospectus supplement and accompanying prospectus relating to, and describing the terms of, the Offering has been filed with the SEC. The Offering may also be made on a private placement basis in other international jurisdictions in reliance on applicable private placement exemptions. Before investing, prospective investors should read the Canadian base shelf prospectus and the prospectus supplement thereto, or the registration statement, including the U.S. base prospectus therein, and the prospectus supplement thereto, as applicable, including, in each case, the documents attached thereto or incorporated by reference therein, for more complete information about the Company and the Offering.
These documents may be accessed for free on the System for Electronic Document Analysis and Retrieval (“SEDAR+”) at www.sedarplus.ca and on the SEC’s Electronic Data Gathering, Analysis and Retrieval system (“EDGAR”) at www.sec.gov. An electronic or paper copy of the base shelf prospectus, the preliminary prospectus supplement and the final prospectus supplement (when filed) as well as any amendment to the documents may be obtained in Canada, without charge, from National Bank Financial Inc. by phone at (416) 869-6534 or by email at [NBF-Syndication@bnc.ca](mailto:NBF-Syndication@bnc.ca) or from BMO Nesbitt Burns Inc. by phone at 905-791-3151 Ext 4312 or by email at [torbramwarehouse@datagroup.ca](mailto:torbramwarehouse@datagroup.ca) and in the United States by contacting National Bank of Canada Financial Inc. by phone at (416) 869-6534 or by email at [NBF-Syndication@bnc.ca](mailto:NBF-Syndication@bnc.ca) or BMO Capital Markets Corp. by phone at 800-414-3627 or by email at [bmoprospectus@bmo.com](mailto:bmoprospectus@bmo.com), by providing the contact with an email address or address, as applicable.
It is expected that delivery of the Units will be made against payment therefor on or about the Closing Date, which will be three business days following the date of the prospectus supplement (this settlement cycle being referred to as "T+3"). Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market are generally required to settle in one business day (this settlement cycle being referred to as “T+1”), unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Common Shares, Warrants or Common Shares underlying the Warrants issuable upon exercise thereof prior to the Closing Date will be required, by virtue of the fact that the Units will not settle in T+1, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Units who wish to trade their Common Shares, Warrants or Common Shares underlying the Warrants issuable upon exercise thereof prior to the Closing Date should consult their own advisors. Furthermore, the Company has agreed to use commercially reasonable efforts to list the Warrants on the NYSE American. Listing will be subject to fulfilling all listing requirements of the NYSE American. As a result, the Warrants will not be immediately tradeable over the facilities of the NYSE American on the Closing Date.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.
About Gold Royalty Corp.
Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.
Gold Royalty Corp. Contact
Peter Behncke Director, Corporate Development & Investor Relations Telephone: (833) 396-3066 Email: [info@goldroyalty.com](mailto:info@goldroyalty.com)
Forward-Looking Statements:
Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"), including but not limited to statements regarding the Company's acquisition of the Stream, the size and timing of the Offering, the completion of the Offering, the satisfaction of customary closing conditions related to the Offering, the use of proceeds of the Offering, and the listing of the Common Shares and Warrants on the NYSE American. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including that the conditions to the Offering and the Acquisition will be satisfied, and all requisite regulatory approvals for the Offering will be obtained, in a timely manner. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, the possibility that the Offering does not close when expected, or at all, because conditions to closing are not satisfied on a timely basis, or at all, the possibility that the Acquisition does not close when expected, or at all, because conditions to closing are not satisfied on a timely basis, or at all, and other factors set forth in the Company's Annual Report on Form 20-F for the year ended December 31, 2023, its registration statement, prospectuses and prospectus supplements relating to the Offering and its other publicly filed documents, available under its profiles at www.sedarplus.ca and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, prospectuses and prospectus supplement, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
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2024.05.28 18:34 InsuranceOk3419 Is there any advice I should know before I take things IRL with my transfem partner?

Hopefully this follows the rules, as I’m not sure where else to ask this question, but here’s goes nothing: I’m a 22 year old cis demipansexual male on a burner account that started online dating a 22 year old transfem. We’ve been dating for a little under 5 months now and we’ve been considering starting the planning process for us to move in together. While this is unlikely to happen in the immediate future, I want to make sure I’m doing my best in this relationship as this is the first time I’ve ever felt that she’s the one I want to spend the rest of my life with. I’m here hoping to being enlightened on things I should keep in mind or a small advice that help me in my planned life long commitment.
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2024.05.28 18:32 spacedebriss Expanding on my Deadpool Theory: Does everything come from the Deadpool?

Expanding on my Deadpool Theory: Does everything come from the Deadpool?
THE DEADPOOL THEORY
I stayed up way too late last night and got up way too early this morning trying to put this together. I should probably edit it more, but oh well. This is what I have. I need to go do some other stuff now.
NONE OF THIS IS FINANCIAL ADVICE.
Probably should have waited to post until I toiled some more. I want to add to the deadpool theory. Not take away from it, just add to it. I think the Deadpool and Retail Pool go more hand in hand. I think the Deadpool is the original pool that feeds the retail pool.
The key for me has always been how the naked shares are created. Over a year ago I honestly reached a point where the DD was a jumbled mess in my mind. I wanted to start from zero and see what I could find, but not really zero because I had read a lot of DD, thanks to others I knew what to start searching for, so I set out.
https://preview.redd.it/tnofbsia273d1.png?width=1920&format=png&auto=webp&s=7fbe5d58f385a92f4bbb7c4e305f59c00ea8a329
CITATIONS
If you think I’m pulling all of this out of my ass similar to how naked shares are pulled out of asses then please go read my old DD with charts and figures, goes more in depth, and has some strong citations in my opinion. OR better yet go absorb some of those citations, especially these first four:
1. THREE ESSAYS ON NAKED SHORT SELLING AND FAILS-TO-DELIVER by John W. Welborn
2. MARRIED PUTS, REVERSE CONVERSIONS AND ABUSE OF THE OPTIONS MARKET MAKER EXCEPTION ON THE CHICAGO STOCK EXCHANGE by John W Welborn
3. ETF Short Interest and Failures-to-Deliver: Naked Short Selling or Operational Shorting?
https://www.youtube.com/watch?v=ncq35zrFCAg&t=1655s
4. Exchange-Traded Funds, Fails-to-Deliver, and Market Volatility by Thomas Stratmann and John W. Welborn
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2183251
If you’re going to only read one of these then I’d make it this one.
Everybody here should read a little Welborn in my opinion. Dude is the GOAT!
SOME RELEVANT SEC FILINGS:
  1. https://www.sec.gov/investopubs/regsho.htm
  2. https://www.sec.gov/rules/2003/11/commission-guidance-rule-3b-3-and-married-put-transactions
These two are pretty good, especially for understanding the old options loophole.
PDF FILES:
DISCLAIMER: these links will try to download a PDF from the SEC’s website
  1. https://www.sec.gov/rules/final/34-50103.pdf
  2. https://www.sec.gov/litigation/admin/2012/34-67451.pdf
  3. https://www.sec.gov/rules/final/2007/34-56212fr.pdf
  4. https://www.sec.gov/rules/final/2008/34-58775fr.pdf
  5. https://www.sec.gov/rules/othe2008/34-58190.pdf
  6. https://www.sec.gov/rules/othe2008/34-58592.pdf
  7. https://www.sec.gov/rules/othe2008/34-58572.pdf
  8. https://www.sec.gov/rules/othe2008/34-58723.pdf
  9. https://www.sec.gov/rules/othe2008/34-58711.pdf
  10. https://www.sec.gov/rules/final/2008/34-58773.pdf
  11. https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf
  12. https://www.sec.gov/rules/final/2008/34-58775.pdf
  13. https://www.sec.gov/rules/proposed/2006/34-54154.pdf
  14. https://www.sec.gov/rules/sro/nscc/2020/34-89088.pdf
MORE SEC
  1. https://www.sec.gov/news/press/2008/2008-143.htm
  2. https://www.sec.gov/news/press/2008/2008-155.htm
  3. https://www.sec.gov/Archives/edgadata/1159510/000137036821000064/a210729-ex992.htm
PLAYING BY THE RULES?
I wanted to research that old DD by looking at the rules of naked shorting. When I would look into old DD and theories, I kept ending up at the answer of fraud. They didn’t stand up to the rules, unless lots o’ fraud was involved. Until I got to ETFs….
Now again, if you want more info go read the first four citations up at the top. The first 2 citations are PhD papers covering possible naked shorting and the Options loophole. This is the old way, this Options loophole was closed by the SEC back in 2008. For the new ETF way of naked shorting you can explore citations 3 and 4. These two citations cover how ETFs could be used to still naked short today. This is why I always felt the reactions to my old DD were so strange. I’m basically saying there could be a monstrous naked shorting position out in the market and it could be operating under the rules. No fraud is needed! Why didn’t superstonk respond with more positivity to my old DD a year ago?! I still think that DD did a pretty good job of laying out how naked shorters could be operating under the rules.
The rules make it clear to me that:
BULLET SWAPS – Can’t be used to make naked shares of a stock. If a naked shorter points to bullet swaps as where they got the shares from then the SEC should laugh in their face. You would need a lot of SEC fraud. Bullet swaps would have other good uses, but not for the actual creation of naked shares.
REHYPOTHECATION – The idea here is that the naked shorter borrows shares infinitely. The naked shorter points to the borrow and sure the SEC could let that pass, but it should still count as a borrow. Otherwise, you need more SEC fraud to explain this one. The Market should see the naked short position because it should be tagged as borrowed, and the naked shorter would also need to pay for that borrow. These are both things the naked shorter is trying to avoid – that’s why they create naked shares rather than borrow shares. Alternatively, the naked shorter could have a deal with a broker. The naked shorter does infinite borrows off of the brokers stock, but again you would need fraud from the broker and the broker would likely demand payment on the “borrows”. For rehypothecation to work you need a lot of fraud and naked shorters would likely need to pay borrow fees. Properly creating naked shares within the rules means no borrowing would be done (could be expensive) and means no fraud has to be done.
OPTIONS – This is where it gets confusing. Options used to be used to naked short, I wrote a big DD on this about a year ago. It has a lot of pictures and deep dives into a lot of stuff including options. If you want to learn more about the options loophole, don’t read my old DD, scroll back up to the top and read some of Welborn’s Options work (citations 1 and 2).
You would need two participants to naked short back in the day and I believe that’s how it’s still done today. One would be a Market Maker and one would typically be a Hedge Fund. The Market Maker had special privileges around options, MMs and only MMs could point to un-exercised options as a locate for shares. They create shares out of thin air and send them to a hedge fund. The hedge fund sells the MM back futures contracts and/or calls. The Market Maker uses the calls as a locates and the Market is none the wiser. Or is just apathetic. But they were technically following the rules as written. These packages of naked shares would have been built with options, futures, and naked shares all packaged together. This Options Market Maker loophole went away in 2008.
Options should not be an effective loophole for creating massive amounts of naked shares anymore. Again, you would need lots of SEC fraud.
ETFs – I’m not just throwing ETFs out there. There is a fucking fantastic Welborn paper (citation 4) and also a youtube video from a business professor (citation 3) on ETFs and how ETFs could possibly be used to naked short. To use ETFs you would still need a Market Maker and a Hedge Fund (the HF could be another MM or big institution). The Market Maker has special privileges. 1. They can pull shares out of ETFs. 2. They can also set future redemption/creation dates with that same Hedge Fund and not tell anybody. It seems the Options loophole to naked short was replaced with an ETF redemption/creation loophole to naked short.
Here’s a footnote in an SEC filing – I think this could be a smoking gun:
https://preview.redd.it/bfuyxsab273d1.png?width=593&format=png&auto=webp&s=24c82cbb06e78982a452617dccadfa35495df284
Page 10 from: https://www.sec.gov/rules/sro/nscc/2020/34-89088.pdf
The new ETF loophole:
  1. The Market Maker and the Hedge Fund enter into an agreement that the Market Maker will create ETFs for the Hedge Fund far in the future.
  2. The Market Maker sends naked ETFs to the Hedge Fund.
  3. The Hedge Fund sends the naked ETFs back to the Market Maker and redeems them (requests) that the ETFs be opened up for the (naked) shares inside.
If the SEC comes sniffing around they’re just going to see a bunch of shares sitting in the Hedge Funds account. They were pulled out of an ETF for him by the Market Maker. The SEC goes to the Market Maker and the Market Maker says, “yep, pulled ‘‘em out of ETFs for the Hedge Fund.” SEC says, “cool”.
If the SEC goes back to the Hedge Fund and asks where they got the ETFs from he points to the Market Maker. SEC, “sounds good, can I leave you my resume?”
If the SEC goes to the Market Maker and asks where he got the ETFs, the Market Maker would probably say, “Ha! Fuck if I know! I could buy and sell a million of that fucking ETF in a day. You want to look through our ledgers?” SEC, “Oh. I should probably take ‘em, but I’ll just look at porn instead. You guys hiring?”
  1. 4. The Hedge Fund now has naked shares from the Market Maker that look like real shares to the SEC. The Hedge Fund can sell them into the market to naked short and it just looks like selling shares. The Deadpool has been created.
The Deadpool. Naked shorters creating a pool of naked shares between themselves. Now they’d likely want to set expirations for this position far in the future. The Deadpool was just to create the original naked shares. You want to naked short the stock into the ground which could take decades, so you’d want this pool you created to last as long as possible.
These naked shares from the Market Maker to the Hedge Fund would be insured through futures and/or LEAPS. I believe they would likely insure them with one another using futures contracts instead of LEAPS, but I’m not positive. Either way, this “insurance” means that if it gets to expiration and the Hedge Fund hasn’t delivered shares, the Market Maker can use those futures contracts to force delivery. But why might we also see naked shorters holding huge amounts of options? The options could be hedging and leveraging with the wider market (not other naked shorters).
So, if naked shorters are using futures to insure that they won’t be left holding the bag with one another then they would likely want to use common expiration dates for LEAPS. That lets them grab some “insurance” (Call Options) and extra leverage (Put Options) from non-naked shorters. If the naked shorters position blows up and they owe the other naked shorter shares then they can use their calls to get some shares from the market. Or if they’re position does well then they can make extra profits off of their puts.
Here’s a diagram that will hopefully explain some of this better:
https://preview.redd.it/hfdjls4e273d1.png?width=768&format=png&auto=webp&s=0389d73d3c2129deda4ed4c5966e2f3026acd4a1
The Hedge Fund is selling the naked shares from the Deadpool through the Market Maker into retail hands. Now the hedge fund like the market maker is going to want some futures or calls to make sure the market maker sells the shares back to him. But they’ll probably do this on a shorter timeline. Maybe they built the dealpool with three year expirations. Now they’ll naked short to retail probably using 1 year expirations.
I think retails average is about nine months for holding a stock. A year should be enough time to find a new share to buy in order to close/roll an old naked share. Retail naked shares would likely expire every March, June, September, December. Naked shorters are constantly closing and rolling their naked shorts with retail throughout the year. Or at least that’s the idea, usually retail sells pretty quickly and naked shorters can keep driving the price down.
Here’s a diagram to visualize deadpools and retail pools together. The red is the deadpool. The deadpools are the original pools of naked shares that are created with long expirations. It would make sense to have these expire three years out so 1. they last long – don’t have to keep creating naked shares and 2. they can be hedged/leveraged with the wider market using common expiration dates.
Then the yellow would be the pools of naked shares that are sold to retail. These would have shorter expirations because ideally the naked shorter would want to churn these in a year or less.
The naked shorters create a big deadpool of naked shares that will expire in three years. Then, if they’re using 1 year expirations with retail, they can use those naked shares in the market up to three times.
https://preview.redd.it/klzrhfph273d1.png?width=1366&format=png&auto=webp&s=61f058077781d655d9fb4b028fe95c46ecfde0f4
Now look at where expiration dates line up between red pools and yellow pools. January and June. January and June are common expiration dates for LEAPS. Again, if the naked shorters want to hedge/leverage with the wider market then these would be the expiration dates they would want to build their naked shares around.
If the naked shares are built in this way then January of 2021 could have been a time where some of the Retail Pool and some of the Deadpool were expiring. Let’s say it’s a big expiration time and there are not enough shares. Maybe some DFV dude and a bunch of other retail investors are buying calls and shares. In this scenario, the Market Maker would try to find shares to close/roll the position. If unable, then the Hedge Fund would need to exercise their “insurance” and demand the shares from the MM. The Market Maker also has “insurance” though because he’s the big boy and he won’t be left holding the bag. The MM throws down his uno reverse card and screams, “No! You!”
BASKET THEORY – Why do other stocks move hard with GME at certain times?
Alright, let’s say naked shorters are building their positions how I’ve laid out. When naked shorters open the ETFs at the beginning of the deadpool, they are also pulling out naked shares of other companies. They could use those shares for a lot of different things. They could hold them and sell options to make money. Or they could also naked short some of those companies too.
Maybe, they open an ETF and pull out naked GME and some naked POPCORN. They could also naked short POPCORN into the market. It would move differently on a shorter timescale to GME because they’re rolling the position with retail a year at a time. It might move more in line with GME on a longer time scale.
When the deadpool expires they need to finish buying shares and creating ETFs. That could mean buying a bunch of different stocks at one time. Buy some the remaining GME, POPCORN, HEADPHONES, etc. and close/finish rolling your deadpool position by packaging those shares up into nice little ETFs.
2021 – 2024
This could all explain some of the wild stuff we’ve been seeing lately.
  1. Big price movement could signify that a big chunk of the deadpool opened three years ago could be expiring. Was all of that position rolled? Was a really big chunk of the deadpool created three years ago? I honestly have no clue.
  2. June would likely be when a chunk of retail naked shares also need to be closed/rolled. Retail naked shares expiring would be a yearly occurrence.
  3. Price movement of unrelated stocks. If a big chunk of the deadpool was built three years ago and is now expiring that would mean that shares need to be bought in order to finally create some ETFs. ETFs are made from baskets of stocks. If a naked shorters need to buy some other companies to build their ETFs then you could see price jumps in unrelated stocks.
  4. The naked shorted company sells some shares. Sure, some suspicious shit happened with your stock and maybe it could be naked shorting, but naked shorting is illegal and shorts closed, right? Really you just need cash to revolutionize your company so you put it out there that you’d like to start sell some shares. This could look like an off ramp for anyone who was naked shorting or someone who inherited a bunch of naked shorts. Might as well ask if you can get some of those shares. You know exactly when a large chunk of the deadpool is expiring because you’re know holding that toxic shit, so you’ll wait until the last minute to get out. How do you “insure” you can get out? If you can’t get enough shares directly from the company or from the market then your next best bet is options…
  5. Lots of options being bought lately. Let’s say you know you need a shit ton of shares soon and you have a pretty strong feeling that the stock price could rocket soon. You have a finite amount of cash you can spend on shares. You can buy options! We covered how they’re like insurance.
Let’s keep the math simple and use 100 batches since options are sold in 100 share batches. You need 100 shares of Stock A by June 22nd. Stock A is around $20. You do the math and find out you have enough money to buy 100 shares and 1 $20 call. 100 shares of stock A at $20 would be $2000 and let’s say the call would be about $200. You have $2200 total. Now, there’s no guarantee that you can get 100 shares in the market for $20, especially if you think buying pressure is about to turn on hard. By your 100th share you could be paying a lot more, meaning your $2200 could run out before you have 100 shares.
And you NEED 100 shares! The call insures that someone else has to find the shares for $20 each. You spend your $200 on the call option expiring June 22nd. Now you’re guaranteed to get your 100 shares for $20 each even if the price skyrockets. You spent $2200 on 100 shares.
Again, no one knows who is buying these calls or why, but this could line up nicely with my theory that a chunk of the deadpool is expiring soon.
I don’t want to get anyone excited for MOASS. I’ve made bad predictions in the past. In the past I thought a MOASS would probably happen in March, but that was because I hadn’t connected the deadpool to everything. Don’t get hyped, but if deadpools are built with January and June expirations then it would make sense that MOASS could happen in January or June. It would explain why naked shorters almost got fucked in January 2021. If, they were able to survive and push a huge chunk of their deadpool out three years then June 2024 could be a rough time for them. I’m not going to say it’s a guarantee of a MOASS this June/July. I will say that I really would not want to be a naked shorter trying to roll a bad bet on GME this June.
Now this is all conjecture, but what if part of the deadpool needed to be rolled in January of 2021? Meaning the Hedge Fund needed to settle up with the Market Maker so they could finish closing the deadpool and keep the position rolling.
Now the Deadpool was the original pool of naked shares. The Market Maker pulled these naked shares out of ETFs and sent them to the Hedge Fund. Naked shorters usually want to keep the train going until the company is bankrupt so they’d usually keep closing and rolling the deadpool until that happens.
So, if you’ve followed along then January of 2021 could have been a pretty key date where a Market Maker may have needed to buy to settle a portion of the Retail Pool. These would be shares that the Hedge Fund naked shorted to retail through the Market Maker – insuring with futures and/or LEAPS. Then the Hedge Fund would have also needed to finish settling a portion of the Deadpool back to the Market Maker that’s about to expire. Again, these deadpool naked shares are the original naked shares pulled out of ETFs, probably three years ago. They’ve been using and abusing that naked share with retail for three years, probably a year or so at a time.
If the position blew up, say in January of 2021 then some Hedge Funds would have also blown the fuck up. First, the market maker would go to the market and try to buy shares. No shares. The market maker turns to the hedge fund and says, “sorry, no shares.” This is why the Hedge Fund bough “insurance” or hedged with his “buddy”. The Hedge Fund uses his contracts with the Market Maker to say, “here’s the cash, where are the shares?”
The Market Maker plays his reverse uno card: The original contracts he made with the Hedge Fund when the naked shares were created and says, “No! You!”
Hedge Fund: Fuck! There are no shares!
MM: Not my problem. Where are my shares?
Market: No shares.
The Market Maker has the Hedge Funds other positions liquidated until there’s enough cash to buy shares in the market. In asinine cases where this happens the market might allow the Market Maker to just turn off the buy button to save his sorry ass. This is considered by many to be complete bullshit.
The deadpool is closed/rolled. Possibly three years into the future. 2021 to 2024.
I think there might always be a Deadpool that then feeds the Retail Pool.
My other DD adds to the Deadpool theory and rehashes some of this, but the gist is that if you can create a deadpool with your “buddy” then could you just add a ton to the deadpool three years ago through the market to drive the price down and not add it to the retail pool. In other words, more naked shares that drive the price down, but they end up in your “friends” hands. He also want to drive the price down so you can worry less.
Adding to the deadpool in a really desperate time would make sense to me. Now if a bunch of shares were added to the deadpool three years ago and were split by the splividend then how does that all work? I think with a normal split, naked shares that are split in the deadpool could be settled with cash. Does the splividend change that?
In other words, if there were a bunch of naked shares shat into the deadpool three years ago. Then they were split, but delivery was delayed until expiration. And now they’re finally expiring. Can they be settled with cash or do real shares need to be bought to fulfill the long overdue splividend?
THE DRS POOL
https://preview.redd.it/ms98f80j273d1.png?width=1366&format=png&auto=webp&s=958b2ec20c2b21ca40347d8ee64fdb1b442b653b
This just tries to simplify thing. The way the naked share is likely built results in it ending up in a deadpool between the naked shorters. They then pull naked shares from the deadpool and send them out into the market to naked short.
Good thing, you have recourse! Believe you’ve been sold a naked share?! Your only way to truly find out if you have a real share or not is by DRSing. Pull your shares into the DRS Pool. Now you can have peace of mind that it’s a real share.
ENDGAME
If I were a naked shorter facing a potential MOASS, what would I do?
  1. CHAOS & INFIGHTING – I would make sure I have as much control over the group as I could. If a MOASS pops off then I want to get hodlers fighting and not listening to one another. Confusion! Panic! Sell! I need their shares! I need hodlers to sell!
If I’m a naked shorter then I don’t want people to stay calm. I don’t want them learning about the market or sharing what they’ve learned. I want confusion.
  1. FEAR OF CALLS – Yes, I am pro options, but no I’m not telling you to go buy options. Options are risky, but if you know what you’re doing they can be very beneficial. In this scenario, I’m a naked shorter facing down a MOASS and I want people to sell shares. I really don’t want hodlers buying LONG CALLS or LEAPS. These are call options shot way out into the future, they’re risky, but less risky then short term options. Now, if I’m a naked shorter why don’t I want hodlers buying LONG CALLS?
  2. I could hedge that position by buying shares – if I’m super naked I probably won’t though. But if someone else sells the call they might hedge by buying shares.
  3. I want shares! I NEED shares! If I start smashing that buy button and no one sells then the price goes up until someone does. If everyone is hodling their shares and the price is going up then CALL options are getting more expensive. That means if hodlers have shares and calls they can sell the calls for profits and not sell me (the naked shorter) a single one of their shares. They can keep hodling, and/or use call profits to buy more shares and/or buy calls.
The price rises. Hodlers sell their calls for profits instead of their shares. I can’t find shares. The price rises. Hopefully, you get the picture.
HOW WOULD A MOASS START IN THIS SCENARIO?
Alright, we don’t know why a MOASS would pop off. It would probably be expiration dates and/or too many DRSd shares. But we still actually do know why: naked shorting, not enough shares, buy button smashed, price goes boom!
If it’s built the way I explained here, then MOASS means the Market Maker went to the market to buy some shares and there weren’t enough shares. But they like REALLY NEED SHARES. The price rises.
If it gets to expiration of some of the retail naked shares and they haven’t been rolled then the position starts unraveling.
MM: No shares.
HF: Contract. Shares now!
MM: No! You!
HF: Fuck.
MM: Margin Call
HF: I’m dying.
Let’s say this is what happened last time. The Hedge Funds blew up, if it happened again, would it now be a Market Maker and a bigger Market Maker stuck in this death loop?
MM: I have assumed the position.
lol
MM: Fuck, you know what I meant. I absorbed the HF’s toxic naked shorts!
So, if the Market Maker absorbed the naked short side of the play and is now the one who will be margin called. Who absorbed the Market Maker’s side? The one holding the “No! You!” reverse uno card this time around? If the Market Maker can’t survive like the Hedge Fund? Can the new guy survive like the MM did last time?
TL;DR
Some PhD papers by Welborn everyone needs to read like three years ago!
Options were used to naked short in the past – Welborn explains how.
ETFs likely used now – again, read Welborn. Please!
I layout how ETFs are likely pulled apart and shuffled around to create naked shares or what I like to call a deadpool. Dead shares that shouldn’t even exist.
Then the deadpool is pulled from to send naked shares into the market.
Again, if you want to learn how I got here I have a long DD from a year ago in my history OR preferably go read Welborn’s work.
The way this is all done means because of the way the naked shares are sent to market there could be weird price movement around triple-witching dates. March/April, June/July, SeptembeOctober, DecembeJanuary. Triple-witching dates are March, June, September, December, but I push them out a month because Market Makers get a little extra leeway that us common folk don’t get. Again, in my old DD I talk about why they could potentially have an extra month tacked onto their expirations.
Then because of the way the shares are originally pulled out of ETFs there could be weird movement around common expirations for LEAPS. January and June.
January and June could be extra special times where a batch of naked shares are expiring in the hands of retail and need to finish being rolled. While, also having a batch of naked shares originally created for the deadpool that need to finish being rolled.
I know this is all confusing, but basically I believe the rules allow a loophole for naked shorting through ETFs. I believe the way those naked shares are created makes a deadpool parked with naked shorters. When they want to match a buy on the market (retail buys a share) they then pull a naked share out of the deadpool and send it to retail. Naked shares in the deadpool hangout for about three years at a time meaning they need to be closed or rolled within 3 years. Naked shares to retail would likely be done with a 1 year expiration since retail usually churns through shares fast. You’re able to create a naked share and sell it to retail and buy it back and sell it and buy it several times before the naked share needs to be renewed (rolled – a new naked share created and the old one finally closed).
Using ETFs could also explain weird movements in other stocks. If you’re already pulling a bunch of different stocks out of the ETF (not just GME) then you could use some of those naked shares to naked short other stocks as well. You’d be selling to retail at different times so the price may not move in tandem around the triple-witching dates, but they could move similarly around deadpool expiration dates. Remember, to close the naked shares from the deadpool you need to buy shares and create the ETFs. January 2021 could be a time where you need to buy a bunch of different stocks to close/roll some of the deadpool. June 2024 could also be a time where naked shorters might need to buy a bunch of different stocks in order to finally create some ETFs. You might see some unrelated stocks suddenly increasing in price at the same time.
In my opinion, if a stock is heavily naked shorted, then a MOASS would kick off for 1 of 2 reasons.
  1. All or enough of the Real Shares are DRSd, and the naked short position is revealed in the market.
  2. Converging expiration dates cause naked shorters to buy large amounts of stock at one time mixed with strong retail buying. I think this may have been what happened in January 2021 – it’s a common expiration date for the derivatives used to naked short and there was strong retail buying. It’s possible something similar is happening in June of 2024 – a common expiration date and would be 3 years from 2021 allowing for LEAPS to be bought on the wider market. And this time around, there’s also still strong buy pressure, hodling, and DRSing.
This summer could be exciting, but it’s not a MOASS guarantee. I think DRSing and hodling is the only true guarantee to uncover naked shorting.
submitted by spacedebriss to Superstonk [link] [comments]


2024.05.28 18:32 spacedebriss Expanding on my Deadpool Theory: Does everything comes from the Deadpool?

Expanding on my Deadpool Theory: Does everything comes from the Deadpool?
THE DEADPOOL THEORY
I stayed up way too late last night and got up way too early this morning trying to put this together. I should probably edit it more, but oh well. This is what I have. I need to go do some other stuff now.
NONE OF THIS IS FINANCIAL ADVICE.
Probably should have waited to post until I toiled some more. I want to add to the deadpool theory. Not take away from it, just add to it. I think the Deadpool and Retail Pool go more hand in hand. I think the Deadpool is the original pool that feeds the retail pool.
The key for me has always been how the naked shares are created. Over a year ago I honestly reached a point where the DD was a jumbled mess in my mind. I wanted to start from zero and see what I could find, but not really zero because I had read a lot of DD, thanks to others I knew what to start searching for, so I set out.
https://preview.redd.it/1iagyg39273d1.png?width=1920&format=png&auto=webp&s=0b7b06f16f46956a06e00f5b3de49133e6227c53
CITATIONS
If you think I’m pulling all of this out of my ass similar to how naked shares are pulled out of asses then please go read my old DD with charts and figures, goes more in depth, and has some strong citations in my opinion. OR better yet go absorb some of those citations, especially these first four:
1. THREE ESSAYS ON NAKED SHORT SELLING AND FAILS-TO-DELIVER by John W. Welborn
2. MARRIED PUTS, REVERSE CONVERSIONS AND ABUSE OF THE OPTIONS MARKET MAKER EXCEPTION ON THE CHICAGO STOCK EXCHANGE by John W Welborn
3. ETF Short Interest and Failures-to-Deliver: Naked Short Selling or Operational Shorting?
https://www.youtube.com/watch?v=ncq35zrFCAg&t=1655s
4. Exchange-Traded Funds, Fails-to-Deliver, and Market Volatility by Thomas Stratmann and John W. Welborn
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2183251
If you’re going to only read one of these then I’d make it this one.
Everybody here should read a little Welborn in my opinion. Dude is the GOAT!
SOME RELEVANT SEC FILINGS:
  1. https://www.sec.gov/investopubs/regsho.htm
  2. https://www.sec.gov/rules/2003/11/commission-guidance-rule-3b-3-and-married-put-transactions
These two are pretty good, especially for understanding the old options loophole.
PDF FILES:
DISCLAIMER: these links will try to download a PDF from the SEC’s website
  1. https://www.sec.gov/rules/final/34-50103.pdf
  2. https://www.sec.gov/litigation/admin/2012/34-67451.pdf
  3. https://www.sec.gov/rules/final/2007/34-56212fr.pdf
  4. https://www.sec.gov/rules/final/2008/34-58775fr.pdf
  5. https://www.sec.gov/rules/othe2008/34-58190.pdf
  6. https://www.sec.gov/rules/othe2008/34-58592.pdf
  7. https://www.sec.gov/rules/othe2008/34-58572.pdf
  8. https://www.sec.gov/rules/othe2008/34-58723.pdf
  9. https://www.sec.gov/rules/othe2008/34-58711.pdf
  10. https://www.sec.gov/rules/final/2008/34-58773.pdf
  11. https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf
  12. https://www.sec.gov/rules/final/2008/34-58775.pdf
  13. https://www.sec.gov/rules/proposed/2006/34-54154.pdf
  14. https://www.sec.gov/rules/sro/nscc/2020/34-89088.pdf
MORE SEC
  1. https://www.sec.gov/news/press/2008/2008-143.htm
  2. https://www.sec.gov/news/press/2008/2008-155.htm
  3. https://www.sec.gov/Archives/edgadata/1159510/000137036821000064/a210729-ex992.htm
PLAYING BY THE RULES?
I wanted to research that old DD by looking at the rules of naked shorting. When I would look into old DD and theories, I kept ending up at the answer of fraud. They didn’t stand up to the rules, unless lots o’ fraud was involved. Until I got to ETFs….
Now again, if you want more info go read the first four citations up at the top. The first 2 citations are PhD papers covering possible naked shorting and the Options loophole. This is the old way, this Options loophole was closed by the SEC back in 2008. For the new ETF way of naked shorting you can explore citations 3 and 4. These two citations cover how ETFs could be used to still naked short today. This is why I always felt the reactions to my old DD were so strange. I’m basically saying there could be a monstrous naked shorting position out in the market and it could be operating under the rules. No fraud is needed! Why didn’t superstonk respond with more positivity to my old DD a year ago?! I still think that DD did a pretty good job of laying out how naked shorters could be operating under the rules.
The rules make it clear to me that:
BULLET SWAPS – Can’t be used to make naked shares of a stock. If a naked shorter points to bullet swaps as where they got the shares from then the SEC should laugh in their face. You would need a lot of SEC fraud. Bullet swaps would have other good uses, but not for the actual creation of naked shares.
REHYPOTHECATION – The idea here is that the naked shorter borrows shares infinitely. The naked shorter points to the borrow and sure the SEC could let that pass, but it should still count as a borrow. Otherwise, you need more SEC fraud to explain this one. The Market should see the naked short position because it should be tagged as borrowed, and the naked shorter would also need to pay for that borrow. These are both things the naked shorter is trying to avoid – that’s why they create naked shares rather than borrow shares. Alternatively, the naked shorter could have a deal with a broker. The naked shorter does infinite borrows off of the brokers stock, but again you would need fraud from the broker and the broker would likely demand payment on the “borrows”. For rehypothecation to work you need a lot of fraud and naked shorters would likely need to pay borrow fees. Properly creating naked shares within the rules means no borrowing would be done (could be expensive) and means no fraud has to be done.
OPTIONS – This is where it gets confusing. Options used to be used to naked short, I wrote a big DD on this about a year ago. It has a lot of pictures and deep dives into a lot of stuff including options. If you want to learn more about the options loophole, don’t read my old DD, scroll back up to the top and read some of Welborn’s Options work (citations 1 and 2).
You would need two participants to naked short back in the day and I believe that’s how it’s still done today. One would be a Market Maker and one would typically be a Hedge Fund. The Market Maker had special privileges around options, MMs and only MMs could point to un-exercised options as a locate for shares. They create shares out of thin air and send them to a hedge fund. The hedge fund sells the MM back futures contracts and/or calls. The Market Maker uses the calls as a locates and the Market is none the wiser. Or is just apathetic. But they were technically following the rules as written. These packages of naked shares would have been built with options, futures, and naked shares all packaged together. This Options Market Maker loophole went away in 2008.
Options should not be an effective loophole for creating massive amounts of naked shares anymore. Again, you would need lots of SEC fraud.
ETFs – I’m not just throwing ETFs out there. There is a fucking fantastic Welborn paper (citation 4) and also a youtube video from a business professor (citation 3) on ETFs and how ETFs could possibly be used to naked short. To use ETFs you would still need a Market Maker and a Hedge Fund (the HF could be another MM or big institution). The Market Maker has special privileges. 1. They can pull shares out of ETFs. 2. They can also set future redemption/creation dates with that same Hedge Fund and not tell anybody. It seems the Options loophole to naked short was replaced with an ETF redemption/creation loophole to naked short.
Here’s a footnote in an SEC filing – I think this could be a smoking gun:
https://preview.redd.it/wl18r6p7273d1.png?width=593&format=png&auto=webp&s=2072c332bad9ba42c108ed477fbb0d27d4e983b8
Page 10 from: https://www.sec.gov/rules/sro/nscc/2020/34-89088.pdf
The new ETF loophole:
  1. The Market Maker and the Hedge Fund enter into an agreement that the Market Maker will create ETFs for the Hedge Fund far in the future.
  2. The Market Maker sends naked ETFs to the Hedge Fund.
  3. The Hedge Fund sends the naked ETFs back to the Market Maker and redeems them (requests) that the ETFs be opened up for the (naked) shares inside.
If the SEC comes sniffing around they’re just going to see a bunch of shares sitting in the Hedge Funds account. They were pulled out of an ETF for him by the Market Maker. The SEC goes to the Market Maker and the Market Maker says, “yep, pulled ‘‘em out of ETFs for the Hedge Fund.” SEC says, “cool”.
If the SEC goes back to the Hedge Fund and asks where they got the ETFs from he points to the Market Maker. SEC, “sounds good, can I leave you my resume?”
If the SEC goes to the Market Maker and asks where he got the ETFs, the Market Maker would probably say, “Ha! Fuck if I know! I could buy and sell a million of that fucking ETF in a day. You want to look through our ledgers?” SEC, “Oh. I should probably take ‘em, but I’ll just look at porn instead. You guys hiring?”
  1. 4. The Hedge Fund now has naked shares from the Market Maker that look like real shares to the SEC. The Hedge Fund can sell them into the market to naked short and it just looks like selling shares. The Deadpool has been created.
The Deadpool. Naked shorters creating a pool of naked shares between themselves. Now they’d likely want to set expirations for this position far in the future. The Deadpool was just to create the original naked shares. You want to naked short the stock into the ground which could take decades, so you’d want this pool you created to last as long as possible.
These naked shares from the Market Maker to the Hedge Fund would be insured through futures and/or LEAPS. I believe they would likely insure them with one another using futures contracts instead of LEAPS, but I’m not positive. Either way, this “insurance” means that if it gets to expiration and the Hedge Fund hasn’t delivered shares, the Market Maker can use those futures contracts to force delivery. But why might we also see naked shorters holding huge amounts of options? The options could be hedging and leveraging with the wider market (not other naked shorters).
So, if naked shorters are using futures to insure that they won’t be left holding the bag with one another then they would likely want to use common expiration dates for LEAPS. That lets them grab some “insurance” (Call Options) and extra leverage (Put Options) from non-naked shorters. If the naked shorters position blows up and they owe the other naked shorter shares then they can use their calls to get some shares from the market. Or if they’re position does well then they can make extra profits off of their puts.
Here’s a diagram that will hopefully explain some of this better:
https://preview.redd.it/bfupzl3f273d1.png?width=768&format=png&auto=webp&s=6cb63fd2f137a5f0b71d304663d91b16fdcd6ac4
The Hedge Fund is selling the naked shares from the Deadpool through the Market Maker into retail hands. Now the hedge fund like the market maker is going to want some futures or calls to make sure the market maker sells the shares back to him. But they’ll probably do this on a shorter timeline. Maybe they built the dealpool with three year expirations. Now they’ll naked short to retail probably using 1 year expirations.
I think retails average is about nine months for holding a stock. A year should be enough time to find a new share to buy in order to close/roll an old naked share. Retail naked shares would likely expire every March, June, September, December. Naked shorters are constantly closing and rolling their naked shorts with retail throughout the year. Or at least that’s the idea, usually retail sells pretty quickly and naked shorters can keep driving the price down.
Here’s a diagram to visualize deadpools and retail pools together. The red is the deadpool. The deadpools are the original pools of naked shares that are created with long expirations. It would make sense to have these expire three years out so 1. they last long – don’t have to keep creating naked shares and 2. they can be hedged/leveraged with the wider market using common expiration dates.
Then the yellow would be the pools of naked shares that are sold to retail. These would have shorter expirations because ideally the naked shorter would want to churn these in a year or less.
The naked shorters create a big deadpool of naked shares that will expire in three years. Then, if they’re using 1 year expirations with retail, they can use those naked shares in the market up to three times.
https://preview.redd.it/55ganyyg273d1.png?width=1366&format=png&auto=webp&s=2eff4244c5d67337a077df6025a879b192ad7553
Now look at where expiration dates line up between red pools and yellow pools. January and June. January and June are common expiration dates for LEAPS. Again, if the naked shorters want to hedge/leverage with the wider market then these would be the expiration dates they would want to build their naked shares around.
If the naked shares are built in this way then January of 2021 could have been a time where some of the Retail Pool and some of the Deadpool were expiring. Let’s say it’s a big expiration time and there are not enough shares. Maybe some DFV dude and a bunch of other retail investors are buying calls and shares. In this scenario, the Market Maker would try to find shares to close/roll the position. If unable, then the Hedge Fund would need to exercise their “insurance” and demand the shares from the MM. The Market Maker also has “insurance” though because he’s the big boy and he won’t be left holding the bag. The MM throws down his uno reverse card and screams, “No! You!”
BASKET THEORY – Why do other stocks move hard with GME at certain times?
Alright, let’s say naked shorters are building their positions how I’ve laid out. When naked shorters open the ETFs at the beginning of the deadpool, they are also pulling out naked shares of other companies. They could use those shares for a lot of different things. They could hold them and sell options to make money. Or they could also naked short some of those companies too.
Maybe, they open an ETF and pull out naked GME and some naked POPCORN. They could also naked short POPCORN into the market. It would move differently on a shorter timescale to GME because they’re rolling the position with retail a year at a time. It might move more in line with GME on a longer time scale.
When the deadpool expires they need to finish buying shares and creating ETFs. That could mean buying a bunch of different stocks at one time. Buy some the remaining GME, POPCORN, HEADPHONES, etc. and close/finish rolling your deadpool position by packaging those shares up into nice little ETFs.
2021 – 2024
This could all explain some of the wild stuff we’ve been seeing lately.
  1. Big price movement could signify that a big chunk of the deadpool opened three years ago could be expiring. Was all of that position rolled? Was a really big chunk of the deadpool created three years ago? I honestly have no clue.
  2. June would likely be when a chunk of retail naked shares also need to be closed/rolled. Retail naked shares expiring would be a yearly occurrence.
  3. Price movement of unrelated stocks. If a big chunk of the deadpool was built three years ago and is now expiring that would mean that shares need to be bought in order to finally create some ETFs. ETFs are made from baskets of stocks. If a naked shorters need to buy some other companies to build their ETFs then you could see price jumps in unrelated stocks.
  4. The naked shorted company sells some shares. Sure, some suspicious shit happened with your stock and maybe it could be naked shorting, but naked shorting is illegal and shorts closed, right? Really you just need cash to revolutionize your company so you put it out there that you’d like to start sell some shares. This could look like an off ramp for anyone who was naked shorting or someone who inherited a bunch of naked shorts. Might as well ask if you can get some of those shares. You know exactly when a large chunk of the deadpool is expiring because you’re know holding that toxic shit, so you’ll wait until the last minute to get out. How do you “insure” you can get out? If you can’t get enough shares directly from the company or from the market then your next best bet is options…
  5. Lots of options being bought lately. Let’s say you know you need a shit ton of shares soon and you have a pretty strong feeling that the stock price could rocket soon. You have a finite amount of cash you can spend on shares. You can buy options! We covered how they’re like insurance.
Let’s keep the math simple and use 100 batches since options are sold in 100 share batches. You need 100 shares of Stock A by June 22nd. Stock A is around $20. You do the math and find out you have enough money to buy 100 shares and 1 $20 call. 100 shares of stock A at $20 would be $2000 and let’s say the call would be about $200. You have $2200 total. Now, there’s no guarantee that you can get 100 shares in the market for $20, especially if you think buying pressure is about to turn on hard. By your 100th share you could be paying a lot more, meaning your $2200 could run out before you have 100 shares.
And you NEED 100 shares! The call insures that someone else has to find the shares for $20 each. You spend your $200 on the call option expiring June 22nd. Now you’re guaranteed to get your 100 shares for $20 each even if the price skyrockets. You spent $2200 on 100 shares.
Again, no one knows who is buying these calls or why, but this could line up nicely with my theory that a chunk of the deadpool is expiring soon.
I don’t want to get anyone excited for MOASS. I’ve made bad predictions in the past. In the past I thought a MOASS would probably happen in March, but that was because I hadn’t connected the deadpool to everything. Don’t get hyped, but if deadpools are built with January and June expirations then it would make sense that MOASS could happen in January or June. It would explain why naked shorters almost got fucked in January 2021. If, they were able to survive and push a huge chunk of their deadpool out three years then June 2024 could be a rough time for them. I’m not going to say it’s a guarantee of a MOASS this June/July. I will say that I really would not want to be a naked shorter trying to roll a bad bet on GME this June.
Now this is all conjecture, but what if part of the deadpool needed to be rolled in January of 2021? Meaning the Hedge Fund needed to settle up with the Market Maker so they could finish closing the deadpool and keep the position rolling.
Now the Deadpool was the original pool of naked shares. The Market Maker pulled these naked shares out of ETFs and sent them to the Hedge Fund. Naked shorters usually want to keep the train going until the company is bankrupt so they’d usually keep closing and rolling the deadpool until that happens.
So, if you’ve followed along then January of 2021 could have been a pretty key date where a Market Maker may have needed to buy to settle a portion of the Retail Pool. These would be shares that the Hedge Fund naked shorted to retail through the Market Maker – insuring with futures and/or LEAPS. Then the Hedge Fund would have also needed to finish settling a portion of the Deadpool back to the Market Maker that’s about to expire. Again, these deadpool naked shares are the original naked shares pulled out of ETFs, probably three years ago. They’ve been using and abusing that naked share with retail for three years, probably a year or so at a time.
If the position blew up, say in January of 2021 then some Hedge Funds would have also blown the fuck up. First, the market maker would go to the market and try to buy shares. No shares. The market maker turns to the hedge fund and says, “sorry, no shares.” This is why the Hedge Fund bough “insurance” or hedged with his “buddy”. The Hedge Fund uses his contracts with the Market Maker to say, “here’s the cash, where are the shares?”
The Market Maker plays his reverse uno card: The original contracts he made with the Hedge Fund when the naked shares were created and says, “No! You!”
Hedge Fund: Fuck! There are no shares!
MM: Not my problem. Where are my shares?
Market: No shares.
The Market Maker has the Hedge Funds other positions liquidated until there’s enough cash to buy shares in the market. In asinine cases where this happens the market might allow the Market Maker to just turn off the buy button to save his sorry ass. This is considered by many to be complete bullshit.
The deadpool is closed/rolled. Possibly three years into the future. 2021 to 2024.
I think there might always be a Deadpool that then feeds the Retail Pool.
My other DD adds to the Deadpool theory and rehashes some of this, but the gist is that if you can create a deadpool with your “buddy” then could you just add a ton to the deadpool three years ago through the market to drive the price down and not add it to the retail pool. In other words, more naked shares that drive the price down, but they end up in your “friends” hands. He also want to drive the price down so you can worry less.
Adding to the deadpool in a really desperate time would make sense to me. Now if a bunch of shares were added to the deadpool three years ago and were split by the splividend then how does that all work? I think with a normal split, naked shares that are split in the deadpool could be settled with cash. Does the splividend change that?
In other words, if there were a bunch of naked shares shat into the deadpool three years ago. Then they were split, but delivery was delayed until expiration. And now they’re finally expiring. Can they be settled with cash or do real shares need to be bought to fulfill the long overdue splividend?
THE DRS POOL
https://preview.redd.it/2yv2husj273d1.png?width=1366&format=png&auto=webp&s=21dd192a3f928710978067ddd41ef445d74b50bc
This just tries to simplify thing. The way the naked share is likely built results in it ending up in a deadpool between the naked shorters. They then pull naked shares from the deadpool and send them out into the market to naked short.
Good thing, you have recourse! Believe you’ve been sold a naked share?! Your only way to truly find out if you have a real share or not is by DRSing. Pull your shares into the DRS Pool. Now you can have peace of mind that it’s a real share.
ENDGAME
If I were a naked shorter facing a potential MOASS, what would I do?
  1. CHAOS & INFIGHTING – I would make sure I have as much control over the group as I could. If a MOASS pops off then I want to get hodlers fighting and not listening to one another. Confusion! Panic! Sell! I need their shares! I need hodlers to sell!
If I’m a naked shorter then I don’t want people to stay calm. I don’t want them learning about the market or sharing what they’ve learned. I want confusion.
  1. FEAR OF CALLS – Yes, I am pro options, but no I’m not telling you to go buy options. Options are risky, but if you know what you’re doing they can be very beneficial. In this scenario, I’m a naked shorter facing down a MOASS and I want people to sell shares. I really don’t want hodlers buying LONG CALLS or LEAPS. These are call options shot way out into the future, they’re risky, but less risky then short term options. Now, if I’m a naked shorter why don’t I want hodlers buying LONG CALLS?
  2. I could hedge that position by buying shares – if I’m super naked I probably won’t though. But if someone else sells the call they might hedge by buying shares.
  3. I want shares! I NEED shares! If I start smashing that buy button and no one sells then the price goes up until someone does. If everyone is hodling their shares and the price is going up then CALL options are getting more expensive. That means if hodlers have shares and calls they can sell the calls for profits and not sell me (the naked shorter) a single one of their shares. They can keep hodling, and/or use call profits to buy more shares and/or buy calls.
The price rises. Hodlers sell their calls for profits instead of their shares. I can’t find shares. The price rises. Hopefully, you get the picture.
HOW WOULD A MOASS START IN THIS SCENARIO?
Alright, we don’t know why a MOASS would pop off. It would probably be expiration dates and/or too many DRSd shares. But we still actually do know why: naked shorting, not enough shares, buy button smashed, price goes boom!
If it’s built the way I explained here, then MOASS means the Market Maker went to the market to buy some shares and there weren’t enough shares. But they like REALLY NEED SHARES. The price rises.
If it gets to expiration of some of the retail naked shares and they haven’t been rolled then the position starts unraveling.
MM: No shares.
HF: Contract. Shares now!
MM: No! You!
HF: Fuck.
MM: Margin Call
HF: I’m dying.
Let’s say this is what happened last time. The Hedge Funds blew up, if it happened again, would it now be a Market Maker and a bigger Market Maker stuck in this death loop?
MM: I have assumed the position.
lol
MM: Fuck, you know what I meant. I absorbed the HF’s toxic naked shorts!
So, if the Market Maker absorbed the naked short side of the play and is now the one who will be margin called. Who absorbed the Market Maker’s side? The one holding the “No! You!” reverse uno card this time around? If the Market Maker can’t survive like the Hedge Fund? Can the new guy survive like the MM did last time?
TL;DR
Some PhD papers by Welborn everyone needs to read like three years ago!
Options were used to naked short in the past – Welborn explains how.
ETFs likely used now – again, read Welborn. Please!
I layout how ETFs are likely pulled apart and shuffled around to create naked shares or what I like to call a deadpool. Dead shares that shouldn’t even exist.
Then the deadpool is pulled from to send naked shares into the market.
Again, if you want to learn how I got here I have a long DD from a year ago in my history OR preferably go read Welborn’s work.
The way this is all done means because of the way the naked shares are sent to market there could be weird price movement around triple-witching dates. March/April, June/July, SeptembeOctober, DecembeJanuary. Triple-witching dates are March, June, September, December, but I push them out a month because Market Makers get a little extra leeway that us common folk don’t get. Again, in my old DD I talk about why they could potentially have an extra month tacked onto their expirations.
Then because of the way the shares are originally pulled out of ETFs there could be weird movement around common expirations for LEAPS. January and June.
January and June could be extra special times where a batch of naked shares are expiring in the hands of retail and need to finish being rolled. While, also having a batch of naked shares originally created for the deadpool that need to finish being rolled.
I know this is all confusing, but basically I believe the rules allow a loophole for naked shorting through ETFs. I believe the way those naked shares are created makes a deadpool parked with naked shorters. When they want to match a buy on the market (retail buys a share) they then pull a naked share out of the deadpool and send it to retail. Naked shares in the deadpool hangout for about three years at a time meaning they need to be closed or rolled within 3 years. Naked shares to retail would likely be done with a 1 year expiration since retail usually churns through shares fast. You’re able to create a naked share and sell it to retail and buy it back and sell it and buy it several times before the naked share needs to be renewed (rolled – a new naked share created and the old one finally closed).
Using ETFs could also explain weird movements in other stocks. If you’re already pulling a bunch of different stocks out of the ETF (not just GME) then you could use some of those naked shares to naked short other stocks as well. You’d be selling to retail at different times so the price may not move in tandem around the triple-witching dates, but they could move similarly around deadpool expiration dates. Remember, to close the naked shares from the deadpool you need to buy shares and create the ETFs. January 2021 could be a time where you need to buy a bunch of different stocks to close/roll some of the deadpool. June 2024 could also be a time where naked shorters might need to buy a bunch of different stocks in order to finally create some ETFs. You might see some unrelated stocks suddenly increasing in price at the same time.
In my opinion, if a stock is heavily naked shorted, then a MOASS would kick off for 1 of 2 reasons.
  1. All or enough of the Real Shares are DRSd, and the naked short position is revealed in the market.
  2. Converging expiration dates cause naked shorters to buy large amounts of stock at one time mixed with strong retail buying. I think this may have been what happened in January 2021 – it’s a common expiration date for the derivatives used to naked short and there was strong retail buying. It’s possible something similar is happening in June of 2024 – a common expiration date and would be 3 years from 2021 allowing for LEAPS to be bought on the wider market. And this time around, there’s also still strong buy pressure, hodling, and DRSing.
This summer could be exciting, but it’s not a MOASS guarantee. I think DRSing and hodling is the only true guarantee to uncover naked shorting.
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2024.05.28 18:31 Weak-Address-386 🇦🇿🇺🇸 Mayor of Washington Muriel Bowser declared May 28, 2024 “Azerbaijan Independence Day”.

🇦🇿🇺🇸 Mayor of Washington Muriel Bowser declared May 28, 2024 “Azerbaijan Independence Day”. submitted by Weak-Address-386 to azerbaijan [link] [comments]


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