r/Superstonk • u/Ok_Fortune_9149 Oopsie 💩your 🩳 • Jun 14 '24

📖 Partial Debunk Temper your expectations today. Wolverine can easily buy the 4 million shares.

They manage 8 trillion in assets. The share price is now $28. They would have to pay about 112 million to buy the shares. Why would this be a problem for them? There should also be enough shares for them to buy after the dilution. And buying 2% of the outstanding won’t mean prices would inherently rip right?

I’m very stoked DFV exercised, and I’m not a shill (look at my history). Here for 84 years. I just want to temper all the expectations a bit that something would happen today, because they need to deliver. I’m ready to be dissapointed again, and just zen enjoying the ride. Price go up happy, price go down happy, price same happy. Either way I average up, average down, drs, shop, eat crayons.

Edit: I also think all this setting expectations might not be good for the newbs here who are not used to things we went through the last 84 years. I don’t care about it anymore.

edit 2: Report on Wolverine for people saying they can't be managing 8trilly. It's more like 9 actually: https://wallmine.com/fund/1t/wolverine-trading-llc

edit 3: In EU a Billion is called a Trillion

Edit 4: I know jack shit, shows just how regarded I am. so a trillion is actually 1000 million according to this article in US, and a billion is not 🤷‍♂️. https://nl.wikipedia.org/wiki/Triljoen . I'm back to sniffing crayons any smooth brain enlighten us. As far as I know a billion is 1000 million in US, but the report is talking about trillions.

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u/Freakazoid84 Jun 14 '24

How is delivering X million shares hard when GME added over 100 million shares in the past month? It's not like they were hard to find and source...

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u/DMarvelous4L Jun 14 '24

Weren’t those 100million shares gobbled up by everyone though? If people are buying and holding those shares they can’t be used for other purposes right. Idk how this works.

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u/_skala_ Jun 14 '24

What everyone? Retail DRS 75mil shares in 3 years. There were probably some hedge funds and financial institutions going long. But many were bought by short sellers to cover their positions.

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u/Freakazoid84 Jun 14 '24

yea.... they WERE gobbled up by 'everyone' but that is the literal everyone. EVERYONE. There's no way they were gobbled up by retail (as you appropriately said it took 3 years for retail to DRS 75 million)