>>61085543
>also, when you short a stock, you go out to a fellow market participant and borrow their shares, then sell them as if you owned them, else its an illegal maneuver called naked shorting.
OK so I think I kind of get whats going on. They've been borrowing the shares and then shorting them, but since it's mostly a cash transaction really (or at least thats how its settled) it can continue. But now that someone did a warrant, the only record that matters is Gamestop, so there are a lot of shares that were borrowed to do this. And I figure the brokerage houses could buy these phantom shares. So there has been a lot of transactions shuffling around and no one is sure who has what
