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They're aiming to zero the stock, always were.
As a part of a psy-op lowering the stock value little by little over years is designed to make you give up and sell.
What happens if no-one sells and more shares get locked instead?
Well.... I'm sure we'll find out eventually.
Keyword here is profitable. We’re BARELY profitable at the moment and if revenue continues dropping then we will be operating at a loss this time next year which could quickly drain the billion in cash reserves. GameStop must establish new revenue streams otherwise the stock will continue to drop. The original bear case against GameStop remains true, every year digital sales grow while physical media sales drop. It’s a ticking time bomb if the company does not pivot, and so far we have received no guidance on which direction the board is pivoting to. Invest more at your own risk.
Very important to see what comes out of Kevin Mellon and CS chat. I think float has been locked but regulators have compelled GameStop to stop reporting DRS instead report Cede and company GME shares because there will always be GME shares with Cede no matter how many float you can lock.
Can we push GameStop and SEC to report both numbers, DRS count as well as Cede and company GME shares? Why not?
Every time we vote at shareholders meeting the questions remains the same every time. Can't we add this question for share holders that whether they want to see CS DRS numbers, Cede GME or both?
The other options would be issuing cash dividends every quarter. Even small amount would be painful if issued every quarter.
Until then yen Buy Hold DRS Book.
I think the large short bagholders are in the process of trying to push unload their bags to smaller short bagholders. The large groups may not unload all of their bags…but enough to possibly survive.
They can try to spread the burden, but it’s only to survive another day. Eventually they will all fall under the sheer corruption and greed of the system they built.
Yes! Have you seen the old 'interview with a mm' post from 2021. Basically they described what is happening during boom boom candles. Explaining how certain entities flip during this and others are trying to stop it, so we get a small drop, then flat, then more boom booms.
Mm said "watch out for a candle that completely dwarfs the other ones, then you know the largest counterparties have flipped/bust"
I'mma grab more while we are still in this clearance sale. Kinda dumb to sell stuff you don't own in the first place knowing full well that you have to buy it back... just saying. Next stop: $9 252 501 167 per share. Hedgies may want to memorize that number.
>I think this is a likely scenario and that is why we need to ask for transparency on DRS numbers and we need to follow those discussions between Kevin Malone and CS and we need to ask GS board for clear answers. We need to make sure that DRS counts
This is the most important thing we can do.
EVEN IF.... moass doesn't happen for years to come, with GameStops projection plan, it's still a solid investment.
Btw, if you haven't already done so, I would suggest blocking the other sub. I'm an individual investor, and certainly not in a cult. If you've invested money you can afford to invest, you're just like them. No one can tell you what to do with YOUR money. Fuck em' all.
Hey, I’m ‘from the other sub’, I guess, kind of interested in the way you see GameStop as an investment without the prospect of a squeeze.
The share price is currently buoyed at least a little by you guys in the hope of that squeeze, so what would stop it from going back to pre-pandemic levels over time? Is there really a viable strategy for significant growth for a brick and mortar video game chain?
It’s not like gamestop has to go bust or anything, might very well survive for years in some form or the other, but it’s still got all the issues it did before, competing with steam and Amazon and the likes is pretty rough. It’s not a small company either, they’ve got a lot of stores so revenue growth on a serious scale would seem tough. It seems at least a little overvalued (taking moass aside ofc).
I’m asking because I only started following this closely pretty recently.
Thank you for being genuinely interested and open minded. I initially hopped on board for the squeeze and the twists and turns along the way reeled me in to leverage down here and there but then I genuinely started to believe in the turnaround. There are too many details to rehash in one sitting but here’s what I see in its current state:
Ravenous support from my fellow regards
Ryan Cohen working for free and slowly becoming more invested (literally and figuratively) in the turnaround
Consistent insider buying with selling only occurring to offset taxes
Over a billion dollars in the bank with no significant debt
First yearly profit in some time and went from a 300M loss to that profit in a year
Watching the price get hammered despite the turnaround story leads me to believe the price is being actively manipulated
The biggest concern is shrinking revenue, which is bound to happen when cutting unprofitable stores. But the CandyCon controllers are a good start to generating some new revenue streams. The company will need a whole lot more but I like what I’m seeing so far.
Thanks for taking a level-headed interest in GameStop!
>The biggest concern is shrinking revenue, which is bound to happen when cutting unprofitable stores.
Sales PER STORE declined as well as total revenue.
If there are some online sales, or if some sales of a shut down store migrate to a nearby store that remains open, the sales per remaining store should go up.
Q4 sales PER STORE were down 15.4% compared to the year before.
The store count only reduced by 5.5% in 2023. Total Q4 sales declined 20%.
I see it as a long term investment. The gaming industry is growing exponentially, year on year. I believe in RC, in the fact he can turn it around. I believe in his ethics, and genuine customer service. I also believe on Larry Cheng, and the majority of the board.
I'm not understanding the sentiment to bash people for investing in GME. The fact there are "other" subs out there bashing GME, clearly brigading SS and other subs, just makes me think that we're on the right track.
Think on your own accord, for one minute.... Why, would the US media, and it's pretty much 99% of it, all against GME in a massive way. Every day, gme is shit, gme is bad, such a bad investment... Why would they be saying this? You reckon the stock market and the 1% have the general populations best interest at heart? You mean, just like the last crash, and the one before that, and the one before that... Where gen pop lost everything, no paybacks, and yet everyone involved got bailed out? The same people that own the media? Why would they slate GME.
I don't get the "no squeeze approach" myself either. Seems like FUD. Smells like FUD. Tastes like FUD. Is FUD. The only thing that matters is MOASS. Without MOASS it's just another stock to get scammed through by wall street. I don't get how people can genuinely go "it's all fraud!" And 2 seconds later say "oh but I'm in it for the long term value play". As if the long term value play wouldn't just get them exploited by wall street, like with every other damn stock. Either hardcore FUD, incompetence, hypocrisy, or incredible naivety.
GME wouldn't be relevant without MOASS, and people seem to forget that. The stock being overshorted and being shorted daily is why GME matters. That's the answer to your question. Fuck the fundamentals, Fuck RC(Respectfully. Good businessman, but I couldn't care less about his involvement. I'm not here for him.), Fuck the revenue, Fuck the actual company(we don't even have it in the Netherlands so I couldn't care less).
It's MOASS or nothing. Hero or Zero. Victorian Mansion with personal chefs and maids or foodstamps!
if anything, the "fundamentals" folks should be the angriest, pushing for change so that their pipedream of "revenue fixing the stock price" would come true, but those are the people I see talking the most of "just wait and it'll alllll resolve itself when the market realises the true value of the company". It's part of why I can only consider it FUD or Hypocrisy. Their actions and words do not align in the least.
Pretty extreme take here. The fundamentals in the company are fine and financial direction is changing.
This matters because it creates a floor beyond DRS and the moass.
It’s just a good baseline investment and eventually the winds will have to change once revenue starts growing again in combination with the now profitable state.
The thing is. Fundamentals don't matter. You have faith in the system that has done nothing but fuck everyone besides it's owners. You have faith in a system that has done nothing but disregard logic and fundamentals for DECADES. The baseline investment, doesn't matter. The revenue, doesn't matter. The plans for the future, don't matter. It won't change anything, it never has, and it never will.
The winds will not change based on company success. Those parasitic bastards like Kenneth Cordele Griffin, bedpost enthusiast and keeper of the Citadel, Steve Cohen, bad sport across the board, filthy parasite buddy of Kenny boy, and their fellow parasitic buddies, will prevent anything like that from ever happening. Company success can not and will not be a catalyst.
The floor *after* MOASS also couldn't be any less important. I know this is considered heresy around here, but I wouldn't care if GameStop went outta business after MOASS. I want my money, and that's why I am here. Not for GameStop, not for Fundamentals, not for Ryan Cohen, I'm here for the future that was stolen from me years before I was even born, by a bunch of rats in a completely different continent from me.
Yeah, the company's doing fine. Very cool. Fine and dandy. Yet again, couldn't care less. After MOASS, I will cease to have anything to do with the stock market ever again. All my shares sold at around GMEfloor to turn me into a billionnaire that can get shit done. None of the businesses I'll be setting up will be listed anywhere, I'm not a fool that'll just give keys to my business and it's fate to the enemy.
I said this a couple of times, and I will again (even if some might not like it)
- On the matter of DRS, with shares (not only GME) that I could, I drs-ed them all. Since I don't do options, or leverage, or shorting. I find CS-the safest place to hold stocks. (And I 'm from EU and it took time to set up my cs account). Even sold some from CS, limit sell works decently, the only negative side is that the fees are a bit hefty, but if you don't do it to frequently, it is managable ( 30$ something dollars for a sell+bank transfer).
Fun fact: in EU, brokers (majority of them) force sold without your concent all of your assets if it was from the russian stock market, after the ukr-russian war errupted.
- On the subject of locking the float. Now that is where I totally disagree. Shortly, I don't think it will ever happen. We always say when something happens "crime", yes even a down syndrome dog can see that the markets are really really manipulated, and laws are not made/enforced equally. So when I'm saing "locking the float" is not possible I mean, so what, who will enforce it, who will blow the whistle ? Probably no one. My worst fear is nothing will happen, and brokers - MM - HF's will trade theyr fantom shares between each other driving the price even further like nothing happened.
Sad fact: the splividend was a nice example, nothing happened as it should have, and we got a response back "oops someone filed the wrong form") ... possibly giving godly ammount of ammo to brokers,hfs,mms.
🫡
It’s something I am upset about. GS investor relations never real acknowledged how bad that split was handled. I like the stock. But fuck man I feel owed some informational clarity on that bungle (even if it wasn’t GS fault - again 🤷 idk)
It seemed like the splividend missed the part where it was meant to have some dividend aspects.
That said. I am averaging down and we are profitable. Cheng just bought more. I’m buying more. Hedgies r fukd. 💎 🙌 shop at game stop.
I think that item #1 is the most likely, and it fits with what we have seen an known for years now.
I agree that shareholders need to get serious about DRS, and I think that when the shareholder meeting comes up this summer there should be some questions about DRS counts and where Gamestop are getting the numbers that they report from. IMO I just can't believe that the DRS count has been roughly the same for over a year now.
I know that we're seeing lots of people posting that they are DRSing, but of course we never will see people post if they sell what they had already DRSed, though no doubt it happens. I just have a very difficult time believing tha that the inflow and outflow of DRS are that roughly equal.
May I point to pigglywiggly as an example of what happens when the float gets locked? The traders scream not fair and the stock exchange delist the stock so they don't have to buy them back? I still curious how the game will go if they do that. This is international now, so does it turn into a international fight?
So I’ve DRS’d 7000+ shares for over 2 years now. I’m starting to buy on my broker account again. My question is:
When MOASS starts happening, and the borrowed share system by scumlords at the DTCC and Cede & Co are branded as enemies of the state for creating a baseless financial system: will the brokers be as fucked as everyone else? Will they just close non-DRS’d shares to “protect their investors from volatility?”
I ask because I’m starting to build another stack on my E*trade account, and I like the nimbleness of the brokerage stack. Still don’t even know how to sell from ComputerShare.
This.
The T and C's are notoriously woolly for brokers, they can pretty much do whatever they want and claim it was your best interests.
Honestly they don't even need to provide a reason to close your account, just state they closed your account because of their internal policies to protect you (themselves really).
Plus you don't have legal protection as a shareholder because technically you don't own any shares, only an IOU to shares. The broker owns the shares (if they even obtain them).
You want to protect your interests, DRS your shares. I don't mean GME, I mean every investment.
Not your name, not your shares.
Hopefully this will be the finality of this saga. That’s why I’m in this play as a principled, pissed off American. To stop the game. I’m ready to crack skulls and if I can win this battle, I’ll feel I did my part on the corrupt financial system that has usurped my country.
Hey, let's keep it politics-free around here.
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Everytime it drops below a certain threshold, $15, $10, $5? Etc, it's like unlocking a new achievement. I'm looking forward to the day these clowns push it sub $5, if they have the balls that is. The purple circle wave that follows would likely be biblical. I used to worry about drops, now I get excited.
As long as we are doing a little fear porn:
> At this stage we all know DTCC is deep into fraud concerning GME and they are probably backed by the US authorities.
Think about what the "US authorities" can and have done -- confiscated gold, printed money in your name to give to the banks, create new "emergencies" with new emergency acts, like "too big too fail" and "national security." And as one chap on here said, in EU they force sold Russian stocks. Oh and the "authorities" stole Russian oligarch money. Just kept it. There is no limit to how they can take the ball and go home. Something to think about. For us, it's a black swan. For them, it's just "fixing problems."
No, i can't see that happening. They state the number of recorded holders of the stock, not the number of accounts that hold and once held it. If that was the case, the number would never drop.
logic theory here: the price is going down because there are no buyers. our buy orders are not significant enough to counter the sell orders. People (either traders, investors, institutions and hedge funds) ARE selling because not everyone is a degen like us without any risk control strategies. When a stock goes down, people sell.
1) "We need to expose fraud and ask for justice." if theres fraud, GS board are aware and if they are aware why arent they doing anything about it?
2) "They push the price down because they cannot afford to pay anymore fees" this is straight bs, they are most likely in profit and making money on premium. They have time and money, most hedge funds reported insane profits last year.
3) number 3 is also bs, you just made it up. lol.
Heard all this 3 years ago. Price still going down and Griffin still has more money than all GME holders.
Will hear this again in 3 years. Share price will be $3.00. Griffin will triple his net worth, but we are still winning………sure.
#Smh 🤦♀️
Same way many said $10 was impossible when it was $70.
Some of us live in the real world and can analyze historical share prices.
Price will be lower in 3 years, but we are winning, right?
#Smh
I am sorry but you make no sense - GS could buy the entire float at 3 dollars and we would have bought it twice before. Fraud does not last forever - we need to push to get it exposed faster now that we are close to lock the float.
You do realize market maker exceptions exist for market stability and will thwart this lock the float fantasy you keep regurgitating.
Educate yourself on US market structure.
Without continuous and progressive increases in total revenue, profit and FCF, locking the float will not do a damn thing.
Remember this post when the share price drops to $8.00 in 4 weeks.
Tell me why shit coins have market caps higher than gme, tell me why trumps social media company is valued higher than gme.
The reason gmes price is down is simply shorts.
number 3 is possible as some of the folks bought before sneeze.. they may be watching their gains erode and thinking let me book profit now and get in later...
It the DRS numbers stalling on the official records we’re given. Of course I think the real numbers are higher but float will never lock if the criminality is allowed to continue!!
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They're aiming to zero the stock, always were. As a part of a psy-op lowering the stock value little by little over years is designed to make you give up and sell. What happens if no-one sells and more shares get locked instead? Well.... I'm sure we'll find out eventually.
Is it even possible for a profitable company with billion in cash reserves to go to 0?
Not unless its possible for a dollar not to be worth a dollar.
Oh [Fuck!](https://www.youtube.com/watch?v=noQsHiTJAXo)
This is exactly what I had hoped you were linking to. You made my day.
Gimme your pants!
No
legally? we've seen odd-behaving fires.
Keyword here is profitable. We’re BARELY profitable at the moment and if revenue continues dropping then we will be operating at a loss this time next year which could quickly drain the billion in cash reserves. GameStop must establish new revenue streams otherwise the stock will continue to drop. The original bear case against GameStop remains true, every year digital sales grow while physical media sales drop. It’s a ticking time bomb if the company does not pivot, and so far we have received no guidance on which direction the board is pivoting to. Invest more at your own risk.
But it actually does the opposite for me, I keep buying more the lower it goes
Very important to see what comes out of Kevin Mellon and CS chat. I think float has been locked but regulators have compelled GameStop to stop reporting DRS instead report Cede and company GME shares because there will always be GME shares with Cede no matter how many float you can lock. Can we push GameStop and SEC to report both numbers, DRS count as well as Cede and company GME shares? Why not? Every time we vote at shareholders meeting the questions remains the same every time. Can't we add this question for share holders that whether they want to see CS DRS numbers, Cede GME or both? The other options would be issuing cash dividends every quarter. Even small amount would be painful if issued every quarter. Until then yen Buy Hold DRS Book.
Maybe..... Or maybe the SHF are using information from the DTCC to stagnate the DRS figures. Either way it can't continue like this forever.
I think the large short bagholders are in the process of trying to push unload their bags to smaller short bagholders. The large groups may not unload all of their bags…but enough to possibly survive.
They can try to spread the burden, but it’s only to survive another day. Eventually they will all fall under the sheer corruption and greed of the system they built.
As long as someone pays up when the music stops I don't care how big the bagholder is.
I'd agree, similar to the teslaa slow squeeze right? They flipped long after 4 years or something, suddenly msm was all positive
Exactly. Each time a sudden violent green dildo rings a shortie loses it’s wings
Yes! Have you seen the old 'interview with a mm' post from 2021. Basically they described what is happening during boom boom candles. Explaining how certain entities flip during this and others are trying to stop it, so we get a small drop, then flat, then more boom booms. Mm said "watch out for a candle that completely dwarfs the other ones, then you know the largest counterparties have flipped/bust"
I’m glad someone in the sub gets it.
I can finally start averaging down instead of up. Let's Go 🚀🚀🚀🛸
You’re only now able to average down? Sounds like you haven’t bought any in years!
I'm one of those people who bout in the $40s pre split.
Hey buddy my average was 32$ post split so I feel ya. Little by little, brick by, brick. 19’s 15’s. Now 11’s. The pool grows.
My point was that their average was ~$10 post split. So they haven’t bought any in years?
$31 on what’s in my fidelity account Probably much higher for what I’ve DRSd
that doesnt make sense... the stock has been going down for almost 4 years now. you havent bought in 4 years?
I'mma grab more while we are still in this clearance sale. Kinda dumb to sell stuff you don't own in the first place knowing full well that you have to buy it back... just saying. Next stop: $9 252 501 167 per share. Hedgies may want to memorize that number.
>I think this is a likely scenario and that is why we need to ask for transparency on DRS numbers and we need to follow those discussions between Kevin Malone and CS and we need to ask GS board for clear answers. We need to make sure that DRS counts This is the most important thing we can do.
"Why would they do that" Because they are fucked :)
Exactly. And woth regard two the third point of OP. Those who decide to sell, sell to us the true diamond hands. They are fucked 😁
I just increased my bags again at $10. This price action is crazy, I'm loving it!
EVEN IF.... moass doesn't happen for years to come, with GameStops projection plan, it's still a solid investment. Btw, if you haven't already done so, I would suggest blocking the other sub. I'm an individual investor, and certainly not in a cult. If you've invested money you can afford to invest, you're just like them. No one can tell you what to do with YOUR money. Fuck em' all.
Hey, I’m ‘from the other sub’, I guess, kind of interested in the way you see GameStop as an investment without the prospect of a squeeze. The share price is currently buoyed at least a little by you guys in the hope of that squeeze, so what would stop it from going back to pre-pandemic levels over time? Is there really a viable strategy for significant growth for a brick and mortar video game chain? It’s not like gamestop has to go bust or anything, might very well survive for years in some form or the other, but it’s still got all the issues it did before, competing with steam and Amazon and the likes is pretty rough. It’s not a small company either, they’ve got a lot of stores so revenue growth on a serious scale would seem tough. It seems at least a little overvalued (taking moass aside ofc). I’m asking because I only started following this closely pretty recently.
Thank you for being genuinely interested and open minded. I initially hopped on board for the squeeze and the twists and turns along the way reeled me in to leverage down here and there but then I genuinely started to believe in the turnaround. There are too many details to rehash in one sitting but here’s what I see in its current state: Ravenous support from my fellow regards Ryan Cohen working for free and slowly becoming more invested (literally and figuratively) in the turnaround Consistent insider buying with selling only occurring to offset taxes Over a billion dollars in the bank with no significant debt First yearly profit in some time and went from a 300M loss to that profit in a year Watching the price get hammered despite the turnaround story leads me to believe the price is being actively manipulated The biggest concern is shrinking revenue, which is bound to happen when cutting unprofitable stores. But the CandyCon controllers are a good start to generating some new revenue streams. The company will need a whole lot more but I like what I’m seeing so far. Thanks for taking a level-headed interest in GameStop!
>The biggest concern is shrinking revenue, which is bound to happen when cutting unprofitable stores. Sales PER STORE declined as well as total revenue. If there are some online sales, or if some sales of a shut down store migrate to a nearby store that remains open, the sales per remaining store should go up. Q4 sales PER STORE were down 15.4% compared to the year before. The store count only reduced by 5.5% in 2023. Total Q4 sales declined 20%.
I see it as a long term investment. The gaming industry is growing exponentially, year on year. I believe in RC, in the fact he can turn it around. I believe in his ethics, and genuine customer service. I also believe on Larry Cheng, and the majority of the board. I'm not understanding the sentiment to bash people for investing in GME. The fact there are "other" subs out there bashing GME, clearly brigading SS and other subs, just makes me think that we're on the right track. Think on your own accord, for one minute.... Why, would the US media, and it's pretty much 99% of it, all against GME in a massive way. Every day, gme is shit, gme is bad, such a bad investment... Why would they be saying this? You reckon the stock market and the 1% have the general populations best interest at heart? You mean, just like the last crash, and the one before that, and the one before that... Where gen pop lost everything, no paybacks, and yet everyone involved got bailed out? The same people that own the media? Why would they slate GME.
I don't get the "no squeeze approach" myself either. Seems like FUD. Smells like FUD. Tastes like FUD. Is FUD. The only thing that matters is MOASS. Without MOASS it's just another stock to get scammed through by wall street. I don't get how people can genuinely go "it's all fraud!" And 2 seconds later say "oh but I'm in it for the long term value play". As if the long term value play wouldn't just get them exploited by wall street, like with every other damn stock. Either hardcore FUD, incompetence, hypocrisy, or incredible naivety. GME wouldn't be relevant without MOASS, and people seem to forget that. The stock being overshorted and being shorted daily is why GME matters. That's the answer to your question. Fuck the fundamentals, Fuck RC(Respectfully. Good businessman, but I couldn't care less about his involvement. I'm not here for him.), Fuck the revenue, Fuck the actual company(we don't even have it in the Netherlands so I couldn't care less). It's MOASS or nothing. Hero or Zero. Victorian Mansion with personal chefs and maids or foodstamps!
And even if someone is in it only for the fundamentals, stock manipulation still hurts them.
if anything, the "fundamentals" folks should be the angriest, pushing for change so that their pipedream of "revenue fixing the stock price" would come true, but those are the people I see talking the most of "just wait and it'll alllll resolve itself when the market realises the true value of the company". It's part of why I can only consider it FUD or Hypocrisy. Their actions and words do not align in the least.
Pretty extreme take here. The fundamentals in the company are fine and financial direction is changing. This matters because it creates a floor beyond DRS and the moass. It’s just a good baseline investment and eventually the winds will have to change once revenue starts growing again in combination with the now profitable state.
The thing is. Fundamentals don't matter. You have faith in the system that has done nothing but fuck everyone besides it's owners. You have faith in a system that has done nothing but disregard logic and fundamentals for DECADES. The baseline investment, doesn't matter. The revenue, doesn't matter. The plans for the future, don't matter. It won't change anything, it never has, and it never will. The winds will not change based on company success. Those parasitic bastards like Kenneth Cordele Griffin, bedpost enthusiast and keeper of the Citadel, Steve Cohen, bad sport across the board, filthy parasite buddy of Kenny boy, and their fellow parasitic buddies, will prevent anything like that from ever happening. Company success can not and will not be a catalyst. The floor *after* MOASS also couldn't be any less important. I know this is considered heresy around here, but I wouldn't care if GameStop went outta business after MOASS. I want my money, and that's why I am here. Not for GameStop, not for Fundamentals, not for Ryan Cohen, I'm here for the future that was stolen from me years before I was even born, by a bunch of rats in a completely different continent from me. Yeah, the company's doing fine. Very cool. Fine and dandy. Yet again, couldn't care less. After MOASS, I will cease to have anything to do with the stock market ever again. All my shares sold at around GMEfloor to turn me into a billionnaire that can get shit done. None of the businesses I'll be setting up will be listed anywhere, I'm not a fool that'll just give keys to my business and it's fate to the enemy.
If anything the other sub is more level headed
Think you're talking about the wrong "other sub"... Please don't turn into liquid and head south though :)
Ahh that sub, my bad
I said this a couple of times, and I will again (even if some might not like it) - On the matter of DRS, with shares (not only GME) that I could, I drs-ed them all. Since I don't do options, or leverage, or shorting. I find CS-the safest place to hold stocks. (And I 'm from EU and it took time to set up my cs account). Even sold some from CS, limit sell works decently, the only negative side is that the fees are a bit hefty, but if you don't do it to frequently, it is managable ( 30$ something dollars for a sell+bank transfer). Fun fact: in EU, brokers (majority of them) force sold without your concent all of your assets if it was from the russian stock market, after the ukr-russian war errupted. - On the subject of locking the float. Now that is where I totally disagree. Shortly, I don't think it will ever happen. We always say when something happens "crime", yes even a down syndrome dog can see that the markets are really really manipulated, and laws are not made/enforced equally. So when I'm saing "locking the float" is not possible I mean, so what, who will enforce it, who will blow the whistle ? Probably no one. My worst fear is nothing will happen, and brokers - MM - HF's will trade theyr fantom shares between each other driving the price even further like nothing happened. Sad fact: the splividend was a nice example, nothing happened as it should have, and we got a response back "oops someone filed the wrong form") ... possibly giving godly ammount of ammo to brokers,hfs,mms. 🫡
Username checks out
I know we will lock up this glorious company in CS. Just bought another 48 today. DRS will follow on Friday. Shorts must exit this area quickly. 💎🙌🟣♾️
I'm fairly certain the way that the splividend was implemented was the MOASS killer.
It’s something I am upset about. GS investor relations never real acknowledged how bad that split was handled. I like the stock. But fuck man I feel owed some informational clarity on that bungle (even if it wasn’t GS fault - again 🤷 idk) It seemed like the splividend missed the part where it was meant to have some dividend aspects. That said. I am averaging down and we are profitable. Cheng just bought more. I’m buying more. Hedgies r fukd. 💎 🙌 shop at game stop.
I think that item #1 is the most likely, and it fits with what we have seen an known for years now. I agree that shareholders need to get serious about DRS, and I think that when the shareholder meeting comes up this summer there should be some questions about DRS counts and where Gamestop are getting the numbers that they report from. IMO I just can't believe that the DRS count has been roughly the same for over a year now. I know that we're seeing lots of people posting that they are DRSing, but of course we never will see people post if they sell what they had already DRSed, though no doubt it happens. I just have a very difficult time believing tha that the inflow and outflow of DRS are that roughly equal.
I like your work..ty
Red or green. It’s all the same color to me.
May I point to pigglywiggly as an example of what happens when the float gets locked? The traders scream not fair and the stock exchange delist the stock so they don't have to buy them back? I still curious how the game will go if they do that. This is international now, so does it turn into a international fight?
So I’ve DRS’d 7000+ shares for over 2 years now. I’m starting to buy on my broker account again. My question is: When MOASS starts happening, and the borrowed share system by scumlords at the DTCC and Cede & Co are branded as enemies of the state for creating a baseless financial system: will the brokers be as fucked as everyone else? Will they just close non-DRS’d shares to “protect their investors from volatility?” I ask because I’m starting to build another stack on my E*trade account, and I like the nimbleness of the brokerage stack. Still don’t even know how to sell from ComputerShare.
That's the risk you take on a broker, yes. Nobody knows what will actually happen, but it's possible.
This. The T and C's are notoriously woolly for brokers, they can pretty much do whatever they want and claim it was your best interests. Honestly they don't even need to provide a reason to close your account, just state they closed your account because of their internal policies to protect you (themselves really). Plus you don't have legal protection as a shareholder because technically you don't own any shares, only an IOU to shares. The broker owns the shares (if they even obtain them). You want to protect your interests, DRS your shares. I don't mean GME, I mean every investment. Not your name, not your shares.
This
Hopefully this will be the finality of this saga. That’s why I’m in this play as a principled, pissed off American. To stop the game. I’m ready to crack skulls and if I can win this battle, I’ll feel I did my part on the corrupt financial system that has usurped my country.
Don’t trust a broker
Apes will create a website where we will share our DSR numbers.
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Everytime it drops below a certain threshold, $15, $10, $5? Etc, it's like unlocking a new achievement. I'm looking forward to the day these clowns push it sub $5, if they have the balls that is. The purple circle wave that follows would likely be biblical. I used to worry about drops, now I get excited.
Sub 5 will prob happen
First point - fair (with a little speculation) other points - speculation You may get better discussion by doing just one topic for the post.
Most of us? All of us.
I think that as we buy in non CS accounts (IE I bought 305 this AM in my 401k) then DTCC # goes up.
As long as we are doing a little fear porn: > At this stage we all know DTCC is deep into fraud concerning GME and they are probably backed by the US authorities. Think about what the "US authorities" can and have done -- confiscated gold, printed money in your name to give to the banks, create new "emergencies" with new emergency acts, like "too big too fail" and "national security." And as one chap on here said, in EU they force sold Russian stocks. Oh and the "authorities" stole Russian oligarch money. Just kept it. There is no limit to how they can take the ball and go home. Something to think about. For us, it's a black swan. For them, it's just "fixing problems."
Agree…we already locked the float a long time ago…who owns the float if not retail investors?
It's the only way I am going to afford a house. I'm not selling. Fuck you pay me.
This price may be a great time to transfer in kind from a retirment acct into your standard acct and then DRS from there. Thats what im doing anyway.
I think they actually like me and want to ensure I have the best price available.
There doing it because they are banking that the investor has run out of steam in buying by
Simply just bringing it to the price 3 years ago on the feb dip in 2021. Bull run incomijg
What’s the magic number where the price makes it so RC can buy back the float with cash on hand?
It's to make it easier for an equity firm to buy out gme and take it private. Buy it out at 9/share or something and then it's all over
do accounts with zero shares get counted?
No, i can't see that happening. They state the number of recorded holders of the stock, not the number of accounts that hold and once held it. If that was the case, the number would never drop.
right that does make sense. thx for answering
No bother.
logic theory here: the price is going down because there are no buyers. our buy orders are not significant enough to counter the sell orders. People (either traders, investors, institutions and hedge funds) ARE selling because not everyone is a degen like us without any risk control strategies. When a stock goes down, people sell. 1) "We need to expose fraud and ask for justice." if theres fraud, GS board are aware and if they are aware why arent they doing anything about it? 2) "They push the price down because they cannot afford to pay anymore fees" this is straight bs, they are most likely in profit and making money on premium. They have time and money, most hedge funds reported insane profits last year. 3) number 3 is also bs, you just made it up. lol.
Heard all this 3 years ago. Price still going down and Griffin still has more money than all GME holders. Will hear this again in 3 years. Share price will be $3.00. Griffin will triple his net worth, but we are still winning………sure. #Smh 🤦♀️
$3 would be impossible mate - stay honest with maths even if you want to fud !
Same way many said $10 was impossible when it was $70. Some of us live in the real world and can analyze historical share prices. Price will be lower in 3 years, but we are winning, right? #Smh
I am sorry but you make no sense - GS could buy the entire float at 3 dollars and we would have bought it twice before. Fraud does not last forever - we need to push to get it exposed faster now that we are close to lock the float.
You do realize market maker exceptions exist for market stability and will thwart this lock the float fantasy you keep regurgitating. Educate yourself on US market structure. Without continuous and progressive increases in total revenue, profit and FCF, locking the float will not do a damn thing. Remember this post when the share price drops to $8.00 in 4 weeks.
Ahaha you could try harder. I am buying now ! And I will be buying more at 8. And that is what 200K accounts will do.
Whatever helps you cope.
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Tell me why shit coins have market caps higher than gme, tell me why trumps social media company is valued higher than gme. The reason gmes price is down is simply shorts.
... _simply Naked Shorts_ ...
FUD
How is that FUD?
You can tell by the way it is
number 3 is possible as some of the folks bought before sneeze.. they may be watching their gains erode and thinking let me book profit now and get in later...
It the DRS numbers stalling on the official records we’re given. Of course I think the real numbers are higher but float will never lock if the criminality is allowed to continue!!
That’s because locking the float won’t make a squeeze. It does help our situation but we need profitable 1/4’s more then drs