TruthArchive.ai - Tweets Saved By @Hotchy6

Hotchy6
Posted - October 27, 2023 at 4:44 PM
Saved - November 3, 2023 at 11:01 PM

@Hotchy6 - HotchΞ 🏴‍☠️⚔️ |1111|

@InvestorTurf @BrettHarrison88 https://t.co/ZqLgBAGQt5

@Hotchy6 - HotchΞ 🏴‍☠️⚔️ |1111|

Just a reminder that @BrettHarrison88 formerly employed by @Citadel and @FTX_Official lied when saying that the "German broker-dealer(@cm_equity) had fully collateralized shares of GameStop"

Video Transcript AI Summary
The tokenized stocks offering on ftx.com is only available for international users and is backed by a regulated German broker dealer. Each token represents a share of the corresponding stock, which is always held with the broker dealer. While users can convert the token to a physical share and transfer it through the broker dealer, most people prefer to buy and sell the tokens without changing the stock's location. The trading volume for these tokens is currently low, likely due to the majority of interest in US stocks coming from the US. There are plans to allow non-US customers to onboard with the broker dealer in the future. The stocks are held by the German broker dealer, not in Switzerland, and cannot be lent out for shorting.
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Full Transcript
Speaker 0: Okay. Can the collateral shares for the tokenized securities for GME be held with a transfer agent rather than a broker? Speaker 1: Right. So the to tokenize, stocks offering just to kinda get into that a little bit. So, That's only offered on ftx.com. It's only for international users, not US users. And there is a tokenized stock Offering there, which, is backed by a regulated, German broker dealer. And those are fully collateralized tokens. So, know, for every, you know, one token of, you know, GME share, there's, of GME token. There's, you know, a GME share in that German broker dealer, And people can trade those back and forth. Trading that token back and forth does not change the location of that stock. It's always with the broker dealer. Now you can actually, onboard directly to that German broker dealer and do a conversion of That stock to share, in which case, then that broker dealer, based on its capabilities can handle sort of transferring that stock. But that's not something that people would do often, you know, for the most part, Or, you know, just buying and selling the token back and forth. And, even though it's a very cool and exciting product, it really doesn't trade that much. The Volumes of these tokens are very low. And, you know, we think that that's probably because the, you know, majority of interest in volume for US stocks It comes from the US. And, as of now, you know, people really do prefer it sort of actually own the physical shares. So it's really not, kind of a big dent in anything at point, but, it's still a very exciting and interesting product. Speaker 0: Yeah. So actually for international investors, like those are the people who have the most problems transferring their shares to a transfer agent. So, I feel like that actually could be like something that might be wanted, you know, like if they could buy that, and then have it in the transfer agent, It would just be. Speaker 1: And our and our US FTX stocks offering, something we're working on for the far future is being is allowing for, non US customers. Tom, board with that broker dealer. That's something that's in the process, but that takes some time to to set up properly. Speaker 0: Okay. Can the stocks that are held well, are they held in Switzerland? Because that's what I have. No, right? You just got it. Speaker 1: They're at the the German broker dealer. Speaker 0: Okay. Can those stocks be lent out to third parties for shorting? Speaker 1: No. It's a it's a fully collateralized product. Speaker 0: Okay. Speaker 1: Sorry. I got a Kat listener in the background
Hotchy6
Posted - September 5, 2023 at 4:35 PM
Saved - October 4, 2023 at 2:40 PM
reSee.it AI Summary
Certificated shares can use the FRAC loophole, similar to the DWAC system. Medallion signatures are required for depositary receipts. This loophole is the certificated stock version of the obligation warehouse. Thanks to Bank of New York Mellon for the breakdown.

@Hotchy6 - HotchΞ 🏴‍☠️⚔️ |1111|

I guess I'll just answer this myself - Certificated shares can use the FRAC loophole to skip delivery requirements. Depositary receipts are certificated by a medallion signature...similar to the DWAC system. This loophole is the certificated stock version of the obligation warehouse at the @The_DTCC. PS. Thank you Bank of New York Mellon for breaking it down

@Hotchy6 - HotchΞ 🏴‍☠️⚔️ |1111|

Considering depositary receipts trade as ETPs on OTC markets. Would a FTD or FTR be created on a failure in a depositary receipts delivery/payment? @SusanneTrimbath @dlauer @CFTC @CBOE

Hotchy6
Posted - September 27, 2023 at 4:09 PM
Saved - October 4, 2023 at 2:25 PM

@Hotchy6 - HotchΞ 🏴‍☠️⚔️ |1111|

After all the hate I have received for owning $BBBYQ I have officially decided that anyone that cares about my position can SUCK DEEZ NUTS!!! If it's going to $0 why did it move up 100% today while I can't buy it?

Hotchy6
Posted - September 27, 2023 at 5:20 PM
Saved - October 4, 2023 at 2:25 PM
reSee.it AI Summary
Charles Schwab restricts retail investors from purchasing BBBYQ on the expert market, despite lacking a legitimate reason. The supervisor's manager of OTC trading failed to provide an explanation. SEC Chairman Gary Gensler should address this potential criminal activity. #RetailInvestors #ExpertMarket

@Hotchy6 - HotchΞ 🏴‍☠️⚔️ |1111|

CHARLES SCHWABB IS PCO ONLY ON BBBYQ even though it's trading on the expert markets. I am on the phone with the supervisors manager of OTC trading and he can't provide a legitimate reason I can' t purchase it other than saying it doesn't have a bid and an ask....IT'S EXPERT MARKET-there is only the limit orders that are unsolicited THEY DON'T HAVE A POLICY AGAINST RETAIL BUYING OFF THE EXPERT MARKET...THEY ALLOW IT BUT WON'T ALLOW ME! @SECGov @GaryGensler Do your job, this is criminal!

Hotchy6
Posted - May 18, 2022 at 9:56 PM
Saved - October 4, 2023 at 2:22 PM

@Hotchy6 - HotchΞ 🏴‍☠️⚔️ |1111|

This man lost nearly 1 billion in net worth today between GME and BBBY and is just shitposting. It was game over before I ever entered this investment.

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