What's up apes.

I kept thinking about the Overstock situation and the lessons someone can learn from it. Now this is just a theory, it might be good it might be not so please be open minded and try to put away the preconceptions regarding the Overstock situation which was discussed intensely here. So Im wiping the board clean and starting from scratch.

What did overstock do wrong and how it failed to profit further from the situation it found itself in: They issued an NFT dividend which was a good thing, but the implementation didnt go the right way, they issued the exact amount of NFTs leaving shorts unable to provide the dividend. They got sued by shorts saying the shorts were forced to close and realised the loss, shorting as we all know isnt illegal. Mistake numero uno. The other major mistake is that they failed to properly profit from the NFT dividend. Down below I will explain how they should have done it and how Gamestop could do it.

Could Gamestop issue a NFT dividend? Yes of course. But you got to give the shorts the option to maintain their position. So what do you do? You sell them some. Being on the blockchain, all transactions are public and we apes will clearly see exactly how many dividends will be purchased directly from Gamestop. We will have undeniable physical proof of how many shorted shares are. But heres the twist, Gamestop could charge them, they can set the value of the NFT at any price. If there are 1 billion syntetic shares, at $10 a pop, Gamestop could gain $10 billion dollars from one NFT.

Even at the reported SI its still almost $200 million earned from a JPEG which has no real world value. The fun thing is once we uncover the fuckery, Gamestop could literary do this every week. Its not illegal so shorts will either pay up or close their positions. Both scenarios great for Gamestop and its investors.

The marketplace is where the sauce is at. Now with low fees thanks to layer2 they could issue how often they want and have full control over it. It also boosts volume on the marketplace making it one of the most used out there and gaining value. Our NFTs will also gain value since they will have a base price of whatever gamestop sold them for to the shorts. Maybe they will not give all the shorts NFTs leaving some to try and use the marketplace to convince a shareholder to part with his. Seeing how tightly our shares are being held, the NFT dividend will also be tightly guarded and it will reach boredape prices 😂

Combine that with a split dividend, thats literary game over for shorts. They will be forced to outbid each other not only for the NFT dividend but also for the shares. Or maybe the splividend will come first, then the NFT dividend will offer the fatality.

Thats all I got for now, leave your thoughts below and dont call me names, I already have one that I like.

Cheers

Edit: What do you fellows think of a GameStop coin dividend since Gamestop is issuing a NFT market place and crypto exchange? Would you rather have a JPEG or a Coin in your wallets?

Edit2: Bros the more I think about the Gamestop Coin the more I get excited. Dogecoin with no real value has a 1.2 billion market cap. Imagine if Gamestop could offer a 10% discount if you used GameStop coin in stores. Pay with your Gamestop phone(bought refurbished from you guessed it, Gamestop) your Gamestop purchases using Gamestop money from your Gamestop wallet. Be your own bank i think was the phrase right?

Correction: Overstock offered a crypto dividend not an NFT dividend. Insert same but different but same meme