Virtu Financial 10-K just released! Securities sold, not yet purchased increased from $4 BILLION to $6 BILLION!
DataIs that 6 billion for us? ๐
That 6 billion is what they got selling us shares, the price theyโll need to buy them back could be โพ๏ธ
Iโll sell them 1 share for 6 billion ๐คญ๐คญ๐คญ
I'm having way too much fun imagining Virtu scouring Superstonk to see what we're up to, just to see us uncover their $6B naked short position and see "I'll sell them 1 share for 6 billion". We've gotta be nightmare fuel for them at this point ๐
I wonder if Dougie hangs out around here, he might be too busy engaging and mocking apes on X.
He mocks and gets handled
These insecure peeps are definitely checking us out. "Take a look!"
Watch he respond to your post directly lol
if he does please make my comment in the screenshot post!! hi ๐
Hi Doug you fat fuck ๐๐ป
Paperhand bitch
I guess Iโll settle for selling one share for a penny less then $6B, gotta cover the PFOF cost ๐
I to
DRSing guarantees you have a real honest-to-god authentic share with your name on it. This 6 billion is probably everything else (the stuff that people aren't DRSing) that Virtu is selling off to be able to buy our shares inside the DTC system, and provide them to us.
I agree, and have put my all my games and old towels in drs. This 6 billion covers many securities and not just the ones we like, but I would guess from Dougieโs attitude and interactions with apes, that they focus on retail popular stocks. There are also many family funds besides short hedge funds that carry large short positions that arenโt subject to reporting requirements.
We could drs 100% of the float and they could still carry these short positions due to flaws in the DTC. Also these securities sold not yet purchased on their books arenโt reported in the official short interest due to their market making privileges. They let these numbers build up, thinking the securities are overvalued and they can purchase them back cheaper years from now when prices come down, or never if the company ends up in bankruptcy.
Dougieโs interactions with towel apes tells me that they do recognize risk within their position, especially calling out to GG to cancel trading in that security before the official cancellation of shares. If apes have a good percentage of the shares out of the DTC, things get real interesting when the cascading margin calls come when GameStop solidifies their turnaround and acquisition or a corporate action requires a share recall. The more time they give us, the more fucked they become.
Up you go!
Yes please! ๐ซด
B*tch better have my money!
at least 3 billy
Doug, Doug, oh Doug Doug Douggie Doug Doug.
You fucked with the wrong people.
Your ironically named financial company is about to experience what we like to call "forced liquidation".
All because you egotistical pricks couldn't pay us when the value was in the low hundreds. Now you'll be buying in the hundreds of millions and only what we let you buy.
As a gamer, let me just say:
GG EZ
GG EZ ๐
Iโm dumb. Iโm guessing DD says Virtu is one of the baddies?
One of many, yes. And Doug Cifu, the owner/CEO of Virtu, has been a reoccurring asshat talking crap about this community and continuously stating that this whole movement is a conspiracy theory...despite his financial reports confirming that he is, in fact, still very short the stock.
Although abbreviations can be easier sometimes, be sure to say the sub name in full!
Gg bots
Hahahahahhahahahahahahahahahahahahahahahahahahhahahahahahahahahhajahahahahahahahahahahahshahhahahaahhahahahahahahahahahahaha
Edit: holy shit, look up three or so lines and see the payables to broker dealers and clearing organizations increaseโฆ..:
FIND SOMEONE WITH 1 MORE WRINKLE THAN ME
Edit 2: a search led to this https://www.sec.gov/files/formx-17a-5_22.pdf
I donโt know.
Edit 3: Page 8 1490-1550 ish uses the same vocab as the line item. Passing the torch.
And the increase in securities sold with agreement to repurchase just above that!
Virtu market cap is 2.67B ๐ good luck dougie
Like his entire company is worth 2.7 and he owes 6? ๐คฃ๐คฃ
Edit : I'm high it's the weekend and I'm smooth AF. In all seriousness thanks for the corrections, I might have been financially illiterate 3 years ago but I'm learning.
That not what heโs owes, thatโs what they made selling short. What he owes could be exponentially more, possibly โพ๏ธ, if those shares were sold to diamond hands, and the price of those securities start running.
I remember people in the bets sub laughing at us because we think that the "securities sold not yet purchased" meant open shorts. I wish I could find it
No, market cap is the total value of the company traded on the stock market. Virtue has 14.4 billion in assets
*Assets under management.
It's not their assets.
Sorry to those that allow them to "manage" their assets
The breakdown is in the picture above, they have assets of their own but of course the 14.4 billion includes assets being managed. Just like the short positions are shorts being managed for others.
So technically his company is worth 2.7B and he's managing 14 from other people, right?
No thats not what market cap means. The breakdown of assets and liabilities is literally the picture in the post
Market cap in shares is 2.7B
Holds 14B of other peoples money
Shorted 13B.. someone asks back for their 1B investment and they are illiquid.
And still they are free to do whatever they want. Something is definitely wrong
Lol at dog seafood
Lol Doug Cifu, you are fucked.
Fah Que Sea Phu
This dude kept calling my friend "cifu, cifu!" My friend was getting pissed but I could see the resemblance!
Proper fucked
The trick is to make your financial problems so big. So incredibly dangerous to the economy that it's no longer ger your problem. It's the problem of the government and national security.
Then, wait for bailout. Rinse and repeat.
Imagine selling $2B of NVDA (not to mention SMCI) to bag holders! Then cashing out on their earnings next week! Easy money when you can pinpoint the top and flip the algo
Edit: always follow the money! They pumped AI to max and got a lot of FOMO bag holders about to be born!
They're really not good at this finance thing.
Just digging that hole deeper and deeper, who or what person with any fucking brain function in any regulatory capacity or supposed federal authority thinks this isnโt going to catastrophically affect the entire economy when all these corrupt companies have to pay up???
They're so stupid they don't care. They're rats desperately clamoring. I know people on here jokingly refer to themselves as smooth brains but honestly we're smarter than most of them. They just relied on how things always worked and never needed to use their brain. Not that it's worth anything anyways
I wouldn't say we're smarter, I'd say we're more honest. They've gotten away with it until now.
Naked shorts make My short Wee Wee hard
liquidity fairy got some bills to pay.
50% increase in one year. Been around since 2008, went public in 2015. And managed to INCREASE securities sold not yet purchased by 50% in ONE YEAR
Dougโs forehead also grew since previous 10k
That thing is more like a fivehead.
IMAX 3d
Now that's just being kind
Was the forehead growth declared to the SEC?
โWhy yes I am 2 Billion dollars richer if you count that 2 billion dollars worth of stuff I didnโt buy over thereโ
-Them
So I take it you will be implementing capital controls but also paying bonuses and going to Disneyland.
Wait whatโฆ
What was Melvins standing before they went boink?
๐๐ป
Source (page 80): https://ir.virtu.com/financials-and-filings/sec-filings/default.aspx
It's just free money that they print for themselves. They can invest it and use it while we get IOUs and our share prices drop.
The US market is corrupt beyond belief.
Dougielarge does nothing but talk shit on the bird app all day. This 10-k shows me exactly why
Heโs quietening down now lol ๐
Yup. And naked shorting is just a conspiracy theory. Don't be stupid. It never happens.
"dude it's completely normal like uuuuh Amazon has products sold not yet delivered, nevermind the fact that financial instruments and products are completely different and have totally incomparable risks"
Skirting price discovery buy never purchasing. Sounds legal.
Hol Lee Fuk! Time to buy more shares. (DRS book) ๐ฆง
๐ ๐
Iโd be curious to know what percentage of that $6 billion is in $GME.
About $8 billion.
more like โพ๏ธ
Your ideas intrigue me, and I would like to subscribe to your newsletter.
$741 billion
I like the way you think.
140%
Damn I wish I could sell 2 billion worth of shit I dont own
Doug Cifu is a bitch. Just like Ken Griffin, Steve Cohen, Richard Parsons and Hester Pierce, to name a few.
Now imagine how much leverage...
dibs on one of those billions
Hey now, his forehead speaks 7 languages. ๐ค
The tide from the tendieman ship is getting to big!! Iโm ready to see the ships sink faster
Billions and billionsโฆ
Reported....................
Trading is indeed a hard game.
rookie numbers gotta reach trillions with extra 0s
I'd love to spend 6 billion of money I don't have... That'd be cool, right guys?
These mtf who so deep in debt want to decide market's value.
How can it be legal, to "sell" something that you "don't" own.
Let it burn
Imagine filing a document where you need to state you stole $6B
Virtu financial is a market maker. This isnโt illegal. If margin requirements are being waved for market makers and other big players then what could force them to have to purchase these securities sold?
Infinity credit card.ย
So $2B is their quarterly pace?
Dougie sure is hard at work!
Dang I feel sorry for people that have Virtu for their 401Kโs. ๐
Come on guys. Letโs sell him what he needs to get right.
Sike!!!
Commenting for mayo
I just added a whole new floor to the plans of my underground car park.
Please DM me, I have XXXX shares for ya!
๐๏ธ๐๏ธ
Thatโs $88,000,000 per MONTH ๐คฏ
Dayum!
How are they gonna get that money? Jail or hang these pos
I can do this all year. Keep it coming short hedgies. Trading is a tough game dontcha think.
Fuck you Doug, pay me
markets functioning like usual ๐คก
See that securities borrowed increase?
Just keep shorting, just keep shorting, shorting shorting what do we do? We short short short
Dougie Fuckโd
Oh baby!
Yo, at this rate his liabilities should outpace his assets in like a couple months, lol.
Trading's a tough game, don't you think, you fat tub of shit?
So they are going deeper and deeper into hell? Even during stocks going UP ? What do they short, huh?
GameStops balance sheet is better than this
Did anyone made a list of these Funds and Hedgies how much do they "add up" together in total ?
Would bullet swaps fall under the "securities sold under agreement to repurchase" category??? BC that went up by over a billy also.
Why dont they write off some goodwill? Or do they need high asset value...... lol
Holy monkey
Blatant ponzi-scheme crime in broad daylight for all to see and our government and elected officials do absolutely NOTHING to protect people. If there is a hell, all these people deserve to go there. Absolutely disgusting beyond belief
What are some bills between friends?
Some juicy market manipulation
Trading assets, financial instruments owned increased from $3.667B to $6.128B.
Note that the long positions at $6.128B are larger than the short positions of $6.071B.
Overall, the assets exceed liabilities by more than $1.4B.
At whatever fair market value they slapped on them. No way they close out their shorts for their "fair market value."
This is a very important point
If you go read the document you will find that virtually all securities, both long and short are level one valuations, which is the bid quote for long positions, the ask quote for short positions, on the last day of the period.
A few are level 2 valuations. An example would be a bond that is not quoted, but the value can be calculation from the known observances of the interest rate curve and market price of a bond of a different maturity of the same company.
This sort of stuff is why you look to see who the auditor is that signed off on the report.
Edit to add basic explanation of level 1,2 and 3 valuations: https://financeunlocked.com/discover/glossary/level-1,-2,-and-3-assets-valuation#
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Battle?
Rule 1. Treat each other with courtesy and respect.
Do not be (intentionally) rude. This will increase the overall civility of the community and make it better for all of us.
Do not insult others. Insults do not contribute to a rational discussion.
HAHA THEY ARE SO FKED.
JESUS
BAHAHAHA!!!! How fucking stupid can you be?!
GUH
Rip cifu
Gross
doooouuuuuuuugggggggiiiiiiiiieeeeeeeee... ๐คฃ
That's why I shorted Virtue for the last 3 weeks. Made more tendies to buy leaps for GME.
OH MY!!! ๐๐๐
I've lost any hope of anything ever happening. It's the same articles, same crime, same $100,000 fine for billions in illegal earnings.
I'm so deep in the red and even with libraries of incredible DD and crime exposed globally nothing continues to happen
HOW THE sdfsdfds IS THIS A LEGAL? AND WHY CAN'T I BORROW #2B for random future business returns?
How much more road could be left to kick that can down? This whole-ass system has to be close to the breaking point.
Not a big sum at all. Everything is fine ... Not
it will be 8 Billion next year. No big deal
This looks bad for them.. I wonder how much worse the numbers they don't want us to see are.
the dildo of consequences rarely arrives lubed...
At fair price !
On at what point and I sell my truck or house and never purchase it? I mean this is literally stealing and fraud
So if you remove Goodwill from their assets because it tangibly doesnโt exist their owners equity is 20 million roughly or around 1% of their 2 billion market cap.
Seems never ending huh? Kinda funny to think about it after soooo long. All the people here saying the shf barely survive, live to just "buy another day". Its been 3 years now lol.
As long as their assets outweigh liabilities they'll stay afloat. I wonder exactly what/who those liabilities entail though.
Securities sold, not yet purchased are just shorted shares at that given time. Can we please stop acting like this is something that it is not? This is very very common on a short hedge funds balance sheet. And assets increased as well. Itโs called a hedge. This the term, hedge fund.
I agree.. Iโm long gme but some of the shit posted here is so cringe smh
Could literally be any other stock then GME
I forgor what Virtue Financial was about. Is this gme related and if yes, how we know?
Yes. They are a Market Maker/ Liquidity provider for NYSE. Which is the exchange GME trades on. Just like Citadel.
A 50% jump in something tends to be considered rather large and it's considered to be extremely large when that jump is billions of dollars.
The point, I think (smooth as fuck), is that the only way they were able to increase their assets is to sell people imaginary securities. The point, I think, is that this is the only reason there's still a bull market. The point, I think, is that a bull market is the only reason The Treasury is still able to flood the market with debt they'll never be able to pay. The point, I think, is you can only inflate a balloon so far, and it's being inflated with extremely voluminous super-heated air.
How you doing, Doug?
What the fuck do you think "sold, not yet pruchased" means? It means they sold air, or rather, they sold less-than-air - they sold empty space with no matter in it. Sure, they could fill some of that void with something someday, but they'd actually have to get their hands on that something in order to deliver it, and only people dumber than apes believe they have any intention of doing so.
There's totally a third sentence in my post. Maybe you'd like to read the whole thing. Or, you could keep shilling for crooks; whatever keeps your dinghy afloat.
And please explain how this is for one specific stock this could be spread over 1000 different stocks this is meaning less
What happens next is all the MM will have to sell their tech stocks that are stupidly overpriced and driving the indexes up. The tech stocks will crash and they will blame AI because AI trading was happening already. Then goes the indexes and then we enter depression and housing market collapse.
Unless those tech stocks at all time highs are what they shorted.
There is no chance they shorted those. It's crime for a company to need to make like 100 years revenue just to make market cap...
They have to buy over 400 million shares of GME at the current price.
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