Thread by @live2beingu

Look at that Form? Lets talk about that LOP via @YouTube

Now if you don't want to press the link I understand. We will talk about it here. Lets talk about the Letter of Security Possession or better know as LOP Form. first of all this form is not a ruling as their is no SR-(Governing Body) - YR- Code written on the form itself.

Second, what is the purpose of the form? The firm on it's face has to deal with underwriting? What is underwriting? It is the process by which a bank/agency raises capital for a client from investors in the form of equity or debt securities. Underwriting is mostly used with IPOs

or Follow on Offerings. Okay well an you tell me what an equity security is? This represents the ownership claims to the companies net assets. What is a debt security? A debt security is a debt instrument that can be bought or sold between two parties and has basic terms i.e.

interest rate, maturity date, payment amount, when it's to be paid (monthly, quarterly, yearly, or balloon payment). The two types of equity are different in that the latter has the owner of the debt security pay interest and principal. Types of Debt Securities are: Muni bonds,

collateralized securities, government bonds, corporate bonds. So with that in mind let's cover the form. This form acts like the cover page for the group of stock certificates. It outlines the name of the company, carrier used, with tracking #, similar to how you would send a

certified letter to the IRS, or a fax in business (Yes people still send faxes lol). The purpose of all of this is that the stock certificates be sent out in good faith to the DTC in a timely manner and fashion and when the underwriter cannot as a result of Extraordinary

circumstances i.e. the truck carrying the certificates caught on fire, plane crashed into the ocean, or a tornado ran through the warehouse holding the certificates. When that happens they meet the exception to the rule and the DTC will put everything on pause until it receives

the shares. Now If this is done in bad faith i.e. you break your promise to do something then the DTC has the right to do one of the following things: 1. if you have an account with them they can charge your account 100% of the total certificate value for those that are not

received. So lets say I have a 100 shares at $10 dollars a piece and those failed to be delivered as a result of bad faith then the DTC will charge my account $1,000 dollars to make up for the difference in the shares. This should apply to more IPOs than anything else as the

next option seems to offer more of a penalty if the shares are already selling on the open market. So if the shares are on the open market already, the DTC will go ahead and buy the 100 shares at the FMC we'll say that's $15 dollars. They will pay for those shares and then charge

you an additional 130% X FMV per share. I think I have $1,950. Finally the third rule is that they can reverse the distribution and scrap it all together. Additionally, so what happens, when a third party comes to play, we'll if its a third party underwriter then the DTC will

charge the third party for all of the expenses it incurred due to the failure of the underwriter not delivering the new shares. So how does this apply to us? Right now this form is not applicable as it represents the deliver of shares for IPOS or Follow On Offerings (additional

public offering). I say that with the caveat that if either $GME, $AMC, $TSLA have another follow on offering then this form would be filed and come into play but until then it's a moot point and folks shouldn't worry about it too much as this won't affect our squeeze at all.

Alright, next topic will be "Skin-In -TheGame." This will also come as a video. I hope you all enjoy. I'll see and catch up with each of you shortly. I do apologize for going MIA today was a busy day for me between working

and also trying to read up on as much DD as I could before I worked on the video. This is not financial advice but just me sharing with you how I see this form and document being played out. Part 2 on the way. @KateGentle7 @StockRetail @Helirapeller1 @N8zHoney @LivesTorrence

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