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Here's why GME's Dividend will Liquidate & Bankrupt Shorts, Investors should realize that GameStop is issuing a Dividend here. This is not a split. Short Sellers are impacted differently in this case. A 4:1 split would have divided existing shares 4 for every 1. Yet, a 4:1 via Dividend ADDS new shares. It's similar, but the important distinction is that a dividend payment is owed by short sellers. Assuming that I own 500 shares of GME that are directly registered with the transfer agent, Computershare.com. I will indeed get access to the Dividend here because I will own the shares prior to the close on the date of record: July 18th. This means I'll be owed 1,500 additional shares (to make 2,000 total) as my dividend, on July 21st. The price of GME then would change on the morning of July 22nd to $62.50 after the split (assuming a $250 value at the close of July 21st, just as an example). This means that a short seller who had sold-short my shares before I DRS'd them, and never covered, they would owe me 1,500 x $62.50 = $93,750 on my $125,000 worth of shares. This is a fact. Yes. They'd owe 75% of my entire position in payment for owed shares. Because investors own about half the float in directly registered shares (DRS), there is no chance they do a cash payment in lieu, which is only possible for regular shareholders on brokerages. The additional issue at hand is shorts have to buy the shares from the open market, putting massive buy pressure on the price as they're trying to cover their dividend payment. They'll be lucky to fill the entire lot at $62.50/share post-dividend. Even if they do, it's irrelevant. This is because Gamestop will release 231m new shares to brokers, but if there are 500m+ shares needed, where are shorts going to get those shares? Well, they'll need to cover short positions, buy shares in the open market. If this was just a normal stock split, 500 shares would be divided into 2,000 and shorts would owe nothing. Think about how much they will owe for all the naked shorts they've accumulated. If our true SI% estimates are correct, it could be in the billions of dollars. Tesla did this for their stock and mainstream media tried to call it a 'traditional split' each time. At best they would say a "stock split in the form of a dividend." When Tesla finally did their Dividend, Tesla rocketed because shorts had to cover the dividend and ultimately decided to cover their shares instead (or a mix). Keep in mind Tesla was not at a systemically broken level of short interest like GME is, and those of us trading in summer of 2020 know how hot Tesla was. The Dividend was part of why it rocketed. So please, stop calling this a stock split. Call it a Stock Dividend, which is what it is. That's what it is and it's important that we keep our terminology straight and not enable mainstream-media to weaponize ignorance. GameStop Corporation is going to high high places. Say... the Moon. It's a privilege to be able to witness stock market history, where possibly GameStop outdoes Volkswagen's 2008 squeeze, and when because of it, it became the highest market cap company in the world.