👀🔥 Nearly 59.15 MILLION $GME warrants reached expiration, plus Montreal responds to the Kansas City Shuffle theory with one little “lol.” Sometimes the shortest replies create the biggest conversations. Here's the distinction. Expiring warrants don't remove 59 million existing shares from the float. They eliminate the possibility of issuing those shares through future exercise. But any dealer hedges, borrowed positions, or settlement obligations connected to the warrants are a separate story. Now combine the expiration with the extraordinary borrow fees, millions of short-marked warrant trades, plus the OCC adjustments we've been tracking. The float isn't the mystery. The positioning around those warrants is. November's settlement records could tell us considerably more. 👀🔥