Markus Enblaum

@foxenflask trying to wrap my head around the mechanics of this… if say, half of the $GME shares in circulation were sold naked short (call it one billion in circulation), the people holding the phantom shares still saw one warrant for every 10 [phantom] shares show up in their accounts. So under this scenario there would be twice as many warrants in circulation as authentically exist. Phantom warrants would have been created. If suddenly GameStop dropped the strike price well below where GME is trading, everyone rushed to exercise, and the number of attempted exercises exceeded shares available in the allotment GameStop set aside for warrants, that would unequivocally reveal how pervasive the phantom share problem is, right? I assume that would trigger a squeeze on the warrants, and likely cause a dramatic (though perhaps brief) drop in the price of the underlying? Or not? Your brain knows and processes this stuff way better than mine. Would love to hear your prediction for what we’d see happen.

Well, since it’s unlikely that the $GME warrants can be sold on Friday, we’re down to two days left to figure out what to do with them. If you still hold some, what are your plans?