A children's book explanation of what's happening:
1. If you are "smart money" you are allowed to take your $1 and leverage it up to $15+
2. You can now buy $15 of stock AND if you promise to short companies, you can short $15 of stock as well
5. You also publish your longs on a quarterly lag via an SEC rule. You don't have to tell anyone about your shorts.
7. You realize that publicizing your shorts is also a good idea so instead of only selling stocks, you also BUY options (puts) which has to be reported.
9. But then an outsider notices that the math is way off!
11. So he grabs his chicken fingers and champagne and buys, starts a massive short squeeze.
12. Other's see what's happening and they jump in.
So the outsider won?
More from Culture
In a recent article published in the Stern, there is now a criminal complaint filed against Michael Inacker, the then CEO of the PR firm WMP for what includes allegations of the knock out payments from the emirate of Qatar to hide a dossier for their role in financing Hezbollah
That allegedly 750,000 euros, which would have been divided between Jason and Michael.
In return, "Jason" was supposed to keep to himself the information he had researched in Qatar, that a high-ranking person in the emirate of Qatar was financially supporting Hezbollah.
https://t.co/TdaAECu35a
There is an interesting point in the article, WMP (Inacker) still had PR contracts with both Qatar and Saudi and “Jason” had some information about arms deliveries organized by people from Qatar with suppliers in Belarus, Serbia, Macedonia, and Yemen.
That allegedly 750,000 euros, which would have been divided between Jason and Michael.
In return, "Jason" was supposed to keep to himself the information he had researched in Qatar, that a high-ranking person in the emirate of Qatar was financially supporting Hezbollah.
https://t.co/TdaAECu35a
There is an interesting point in the article, WMP (Inacker) still had PR contracts with both Qatar and Saudi and “Jason” had some information about arms deliveries organized by people from Qatar with suppliers in Belarus, Serbia, Macedonia, and Yemen.