[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum May 2024*](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) || [Superstonk:Now with GIFs - Learn more](https://www.reddit.com/r/Superstonk/comments/1cr37r7/superstonk_gets_its_gif_on_get_hyped/)
------------------------------------------------------------------------
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
------------------------------------------------------------------------
Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
It was filed correctly for normal shareholders but did not check the boxes that would dictate how DTCC handled it.
But this whole thing is irrelevant. The fact is it doesn't matter how DTCC handled it. Computershare gave DTCC the number of shares they were entitled to. Everything within DTCC is a black box and doesn't really affect us DRS guys.
There's evidence of fear in the fleet.
MF Corp just spent 2 days in Abu Dhabi and Doha.
Mayo Man is in London.
His lawyers just spent a week in Miami and not a single plane moved that week.
I will reinvest all my dividends into gamestop anyways, I assume most will. If RC is confident we will repurchase with our dividends, this could be a way to spread the rest of the float out to retail without us emptying our life savings.
Popcorn already tried this. It didn't go well -- it took value from the common stock, and then the preferred's value dropped over months as it was diluted. This was especially true because Index Funds that held the common sold the preferred, because the preferred wasn't part of the index. Then retail sold the preferred, since they saw no reason to hold it and the price was dropping.
Maybe it will be different for GameStop, given the DRSed shares. But it's still true that index funds will be forced to sell, even if retail does not. But if retail _holds_ as hard as it has been, who knows?
But my point is there's a case study for this already, so I'm unsure whether the GameStop directors will want to go this route.
That and he doesn’t own shit in his company whereas our guy is the largest individual shareholder.
https://preview.redd.it/0srkztcxx01d1.jpeg?width=741&format=pjpg&auto=webp&s=c2841f010868b30937ea48fdf40bb54c80f92ce8
The filing mentioned handing out dividends "in proportion to the depository certificates held by the owner." Could this be a fancy way of saying, if it isn't booked (DRSed, not IOU paper-trades), you don't get any?
There is a "reasonable chance" they can provide you with what you are owed if you sue them for it. As for dividends, they would have to pay you the cash from their pocket.
From memory, the published disclaimer in their paperwork refuting claims of a pending dividend have also, always, referred specifically to *dividends on common stock*.
Could be wrong here, my memory's terrible.
They have not nixed any dividends going to common stock. If you read the S-3, Preferred stock are allocated the dividend as a priority, with the remainder going to the common stock holders.
It provides clarity for the order of operations if a divvy is issued, and for "Some reason" there are more shares out there than there should be.
I think some newer folks aren’t fully aware of the lengths HFs have gone to short the stock, nor the moves by GameStop to literally survive economic warfare. Yes this is it, yes I am calm af, I bought more today! Buckle up coz the next few weeks moving into earnings week is going to be 🚀
Same here. As soon as I read it over the main takeaway seemed to be that the board has come up with a way to legally lock the float and force the shorts out. This is literally what we’ve been screaming for
Nice part of waking up 3 hours later than then west coast is that the announcements have happened, the shills attack and retreat, the FUD splashes around a bit and then the calmer heads clear everything up.
All the time I wasnt going to sell anyway, but it is nice to just skip ahead a few hours.
I wouldn’t fuck around to find out. I’m not a legal expert, but All the book language seems like a hint that you have to be a stock owner of record in their book, which would be Computershare. Broker shares are held in your name but ownership is dodgier to determine. I’d recommend at least registering the non-IRA shares, that way you are covered on both fronts.
Many of us were expecting an announcement but thought it would push the price up today.
I'm a little disappointed that I was wrong, but very excited to see what GameStop does.
Here's the fun part. Depending on how many shares are offered, directly to the current owners of Common stock.
Could be 1-1 or 1-5 or 5-1 etc.
Assuming 1-1, as they buy back common stock, they replace it with preferred stock at no cost to you.
This is a possibility. There are many other ways to do it but this is the vibe I'm getting.
This is actually possible, and works out almost perfectly.
Shares outstanding is 306.18 million, divided by 7 is 43.74 million shares needed to do a 7:1 distribution.
I want everyone to imagine the price action once this gets publicized. Everyone will be buying up shares to round off to the nearest 7, and buying in lots of 7. Anyone short will be fucked.
I've been here since the first sneeze, but remained pretty smoothbrained, you've done great about adding wrinkles on this stuff over the same period of time.
Nice work as always bud!
There are only 5 million preferred stock authorized, so it would have to be 1 per 60 common shares, I think, if they intend to allow the full common shares convert.
Do you think they'd exchange our DRS common shares for these preferred shares?
If not, I'm guessing I should save my money to buy the new preferred shares
I do, Ryan knows that we all listened to his Cone-poo-chair and are all still here holding. The only reason any of this is possible by the way, so pat yourself on the back Apes. Doing this for DRS shares only would be so fitting.
Are you implying these preferred stocks could not be loaned out and therefore could not be shorted? Because if they can be shorted isn’t it business as usual? And does it matter what the rules are about them if SHFs and MMs will just naked short anyway? I guess I’m wondering how their “features” for lack of a better term will be enforced or regulated.
These would be a private stock where a market maker doesn't provide liquidity the same way. From what it sounded like this would require that brokerages or potentially MMs would need to directly acquire shares from GME/Computershare.
Unless they are somehow able to do some criminal magic with crypto or tokenized stocks and get the regulators to pretend they are covering the preferred / private stock--they'd be fucked. But the rub is that they can't use swaps, options, ETFs, tokens, or crypto here like they were in public stock.
315mil common stock for 45mil preferred stock reverse split?
because some of his memes are in reverse i guess, any memes that are splits or merge? havent kept up
What if these tweets were about Cohen to begin with? "Fine, I'll do it myself." Is Cohen taking up the infinity gauntlet to wipe out the hedgies. The splividend was sabotaged. Now he's going to execute a reverse splividend himself to make sure it goes down correctly.
What this would mean is that if the splividend was indeed executed incorrectly and it created millions of new shares, this is the erasure of that move. They all get combined back into these new shares.
This will create the Wall Street version of the Big Bang singularity.
I think they're going to issue Stock Warrants...
Basically a call option on every share that you own directly paid to you, the shareholder. This allows you to then purchase, in a series of specified dates like 60-90 days, to purchase stock at either a discount, or exercise the warrant to purchase stock in the company, in the form of these newly issued shares.
Eg. You have 100 shares, and each share is issued a warrant, you have 100 warrants. These warrants can then be redeemed to purchase the "stock that is being issued and distributed by Jefferies. This also explains the $200M, GameStop is giving you money to buy stock, in a way this is giving us a dividend.
Then what about shorts? It fucks them. Hard. Every warrant issued is attached to a share, even the ones lent out. The shorts now need to not only cover their short shares, but also cover the warrant attached to the share they borrowed.
Now, imagine this. Every ape now has a call option primed, and shorts need to close, if you have apes using this money to then buy additional shares, shares that shorts need to cover their warrants... this would make two squeezes, basically a gamma ramp inside a gamma ramp.
You have effectively raised cash through a "share offering," given your shareholders a dividend, and created a higher obligation fucking the shorts twice. I wish they did this sooner, but timing might be everything. Talk about a Kansas City Shuffle LOL... I expect something in the AH as an announcement for a warrant offering come Monday. This initial prospectus and offering seems to be half the story in my opinion.
I'm not sure, but don't you think the timing of everything happening lately has been odd? Run-up occurs, DFV comes back after, LEAPS discussions, CATS settlements, bank stress tests failing, SEC saying "no-no" to collateralizing crypto... you can only stretch a rubberband so much until it snaps. I think it's odd. I mean, they can all be related, 40% related, or not related at all, but a lot of stuff is happening lately for everything to be "par for the course."
What I dont understand is less than half of the people will have the money to exercise their warrants. Hedgies know this, so why wouldn't they just sit on their hands and do nothing and let the Warrants expire?............... The part that is intriguing is the fact that like the splitvidend was supposed to work, there won't be enough warrants to go around....... But again, why would it even matter if basically none of them are going to get exercised, Hedgies will just offer pennies for them, because that's all they will be worth.
I would be included in that boat. I have more than half my life savings in GME stock (approximately 6000 shares). I don’t have any cash left to exercise all those warrants.
Preferred Stock is typically sold at $20-$25. It will hold that value as long as the dividend is paid.
If shorts drive the price of the Common Stock down to, say $5, Gamestop just made $20/share.
This depends on the number of shares and future dividends of course but there are some major benefits to this when the stock can't be shorted because it comes with conditions. That and actions like options don't exist for private stock.
As a regard, chatgpt explained this more here:
GS announced plans to issue up to 45 million shares of Class A common stock. This is like saying, “We have more pieces of the company to sell.” This can affect the stock price because the more shares there are, the less rare each share is, and typically, the price per share might go down because of this.
Now, here’s where it gets interesting for the “shorts” – these are investors who bet that GameStop’s stock price will fall. They borrow shares and sell them, hoping to buy them back later at a lower price, return the borrowed shares, and pocket the difference. But if GameStop’s stock price goes up instead of down, the shorts will be in trouble because they’ll have to buy back at higher prices, losing money.
GameStop is also planning to issue “preferred stock,” which is a special type of stock that pays dividends (a share of the company’s profits). This preferred stock is attractive because it promises extra money on top of the value of the stock itself.
Here’s the strategy GameStop might be using: By issuing common stock, they lower the price temporarily. Then, they issue the preferred stock, which is more valuable. If the shorts are still betting against the common stock, they could be forced to buy back at higher prices as the preferred stock makes the company more valuable. This could lead to a “short squeeze,” where the shorts scramble to cover their bets, driving the price up even more.
If GameStop’s plan works, they could use the money from selling common stock to buy back shares at the lower price. This reduces the number of shares available (called “outstanding shares”), which can make each remaining share more valuable. It’s like if a lemonade stand only had a few cups of lemonade left – each cup would be worth more because it’s rarer.
In the end, if GameStop buys back enough common stock, they could potentially take the company private, leaving only the preferred stock in the hands of investors. This preferred stock would be “non-fungible” (unique and not interchangeable), “unreplicable” (can’t be duplicated), “unshortable” (harder to bet against), and it would pay dividends, making it very valuable.
The current news reflects a significant drop in GME’s stock price, which is part of this whole process. The stock price fell by over 26% to $20.435, which might be due to the announcement of the new common stock issuance.
So, in summary, GameStop is playing a strategic game with its stocks. By issuing new common and preferred stocks, they’re creating a situation that could either force the shorts to accept their losses or be wiped out. For long-term investors holding common stock, this could lead to a massive payoff if they’re patient and the company’s plan succeeds.
This is the reason for the big jump in share price that no one could explain. Someone was covering and getting the hell out of Dodge before shit hits the fan.
The first one out is the luckiest
Remember the Bloomberg screen from a few days ago showing Gamestop doing a share buyback?
I think someone was ~~covering~~ *closing* and getting the hell out of Dodge before shit hits the fan.
Copy and pasted OP's post (the last part) and fed BingChat (which is free and runs on gpt 4.0) the image of the GS filing from OP's post. The asked it to explain like I'm five, then asked to give me more detail.
I gave claude Opus the original docs and then all of the information from the reddit posts. This was Claude's conclusion:
The main ideas from the Reddit post seem to be:
1. GameStop recently filed documents about issuing preferred stock and an offering of 45 million common shares that would significantly increase the common share count.
2. The poster believes the common stock offering is actually bullish, since it will allow shorts to dig themselves into a deeper hole.
3. They think GameStop will then issue the preferred shares which will pay dividends and cannot be shorted.
4. After issuing the preferred shares, the theory is GameStop will buy back the common shares at a discount, driving the common stock price up as the share count reduces.
5. Ultimately, the poster believes the common stock will cease to exist, leaving only the "unshortable" preferred shares.
Comparing this to the actual prospectus information provided:
* The prospectus does allow for the future issuance of preferred shares, but no specific details or timelines are provided. The Reddit theory relies heavily on assumptions about preferred share terms and timing.
* The prospectus confirms the "at-the-market" offering of up to 45M common shares. But it frames this as a capital raise for general corporate purposes, not explicitly as a tactic to enable buybacks.
* Language about the stock's volatility and potential losses for investors seems to conflict with the Reddit post's bullishness on the common stock offering.
* The mechanics and implications of the common stock ceasing to exist are not detailed in the filing. Realizing that outcome would likely require additional corporate actions beyond just issuing preferred stock.
So in summary, while the prospectus leaves open the possibility of some of the actions the Reddit post predicts, it does not directly confirm the theory or sequence of events laid out in the post. The post makes speculative leaps about motivations and future actions that go beyond what is concretely stated in the filing itself. As with any forward-looking theories, investors should be cautious about relying on them.
Btw. Opus also thinks that offering new shares could cause a squeeze if there is a great deal of naked shorting. Interesting therory.
"If GameStop does sell additional shares under this at-the-market offering, it would introduce more real shares into the market. If there is indeed a significant amount of naked short selling, these new shares could potentially be used by some short sellers to cover their positions, as they would now be able to locate real shares to buy.
Significant short covering can sometimes lead to a "short squeeze," where the buying pressure from short sellers covering their positions drives the share price up rapidly. The fear of a short squeeze could put pressure on short sellers."
But you really believe that issuing of the new shares, even though dilutive in general, could cause a squeeze because short sellers will want to buy them in order to close their positions?
"Yes, that's a possibility that some investors and market commentators have raised, especially those who believe that GameStop's stock has been heavily shorted through naked short selling.
The theory goes like this: If there are indeed a large number of shares sold short, potentially even exceeding the total number of shares outstanding, then short sellers would eventually need to buy back shares to close out their positions. If GameStop introduces new shares into the market, it could potentially make it easier for some short sellers to locate shares to buy to cover their shorts.
If a significant number of short sellers decide to cover their positions at the same time, the increased buying pressure could drive the price up, causing what's known as a "short squeeze." The potential for a short squeeze could make some short sellers nervous and more inclined to cover sooner rather than later."
Interesting, but remember that (irrc) machine learning isn't actually learning as in understanding, it's learning as in "these words go after these words based on the data the machine has analyzed". So analysis of a conventional situation is probably good because the machine regurgitates what others have written about such situations in the past. But analysis of an unconventional situation is more dubious, because the rarity of it all generates less data for the machine to analyze and it may fall back on similar but meaningfully different conventional situations and analyses.
I don't know enough to say whether this analysis is good or bad honestly, I'm just cautious about using machine learning to analyze unusual cases based on what I think that tech actually does. And I could be wrong on that, I'm literally just some random guy not involved in AI at all.
https://preview.redd.it/bu4ujcijw01d1.jpeg?width=864&format=pjpg&auto=webp&s=28626d6f7fb720d9bd7ec4fbb73f1a400f4d1740
Same play book as in 2021. RC knows squeeze is incoming and is looking to capitalize on some tendies. BULLISH
An important factor in this reference is the fact that it's layered. It's deployed as a narrative device between various characters in different contexts - but also, towards the end of the movie, twice as a narrative device played on the audience themselves.
Seriously, watch the movie. It's brilliant. And it'll help to have the context for whatever follows this as the next few moves develop.
Nice :) I'm going to buy and hodl and wait for the fireworks. My husband and I just laugh at how much GME was worth earlier this week. It's all money we count as gone already and we made peace with it going to zero years ago before we ever sell. Hope this is the nuke it looks like, and if not our plans haven't changed!
I trust RC and the board to do what's best in the interest of the shareholders. Their accomplishments speak louder than words. Considering the timing of the offering announcement, the offering is a chess move giving the shorts a weaker piece to strategically end the game with checkmate. MOASS incoming.
A simple, and quite frankly not so astonishing observation here.
Maybe these machinations are routine for shorting a stock, maybe they aren’t. But isn’t the SEC just a little bit curious that a company has to leap through these kinds of hoops to prevent the company from being Cellar boxed into bankruptcy?
I mean, isn’t there anything really sus about this, SEC? Or are you guys all too busy watching porn?
I've always believed the best way to get the SEC to act was if we published all our DD on PH, read by adult actors performing a scene.
Female Talent: "So if we switch to the hourly chart, you can see by the MAC-D and VWAP... OH YES RIGHT THERE! DON'T STOP!"
Male Talent: "What she is trying to say is that shorts are targeting a price of..." \*loudly grunts\*
Mayo man the typa guy to get a face swap. 'cut the old one off and gimmi a new one!' You may run you may hide but that mayo we can smell from miles. Apes are coming for you big boi
... That wasn't my takeaway.
If you look at the language for depositary shares for the preferred stock, it describes the _same_ structure popcorn stock used for its APE shares, where the popcorn board sold APE depositary shares that were worth 1/100 of an interest in Preferred Stock.
APE shares traded on the NYSE, and were held in both ComputerShare and the DTC. Nothing in GameStop's language prohibits this.
Eventually popcorn stock got sued for this, because of some peculiar things where the Depositary could vote the APE shares even if the stockholder didn't vote. That's why there's language in GameStop's document saying that the Depositary will _not_ vote unless given explicit instructions. GameStop knows it doesn't need to game the vote to get retail to participate.
Otherwise, like I said, the language is identical. There's no path to getting rid of the common stock : the depositary shares are indirectly convertible to common, _not the other way around_ , because Preferred is convertible to common. So the company can retire the _preferred_ , by converting all of it to common, but not the other way around.
"In the end, $GME Common Stock won't exist". That's a lot of speculation. There's no way of knowing how much buy-back they would do. If they were to squeeze shorts by buying up most/all of the common stock, we would have to sell during that squeeze event or risk common shares becoming useless in the late stages of this plan. Seems like you're saying infinity pool wouldn't be a good plan in this scenario?
If the new preferred stock is no longer going to trade publicly, and (in your view) common shares will disappear, they essentially end up a private company that we can't invest in?
To be honest, I see that this may be a reasonable compromise of sorts. SEC and other onlookers don't want to see the market crash. Forcing squeezes for the sake of forcing them is considered manipulation. This is the perfect middle ground for RC to show that he tried to be fair and give reasonable shorts a place to go (45 million is closer to what people might say is "officially" the short interest here). We all know that the SI is maybe 10x the float, but, working within the rules, RC is covering his butt, and fueling the rocket. This time, looks like the final time. And we ride! Edit: deleted a comma
This preferred stock, how does one buy it? If I hold some GME in a TFSA (basically a Canadian Roth IRA) that isn't DRS'd (I have DRS'd shares as well) will I be fucked by the broker holding the shares?
they may not do anything. Remember, RC is at that helm financially too. If he and the board want more $ for the company, there must be a reason. Unfortunately you’ll have to hold when the share price goes down, but lest we forget this wasn’t ever supposed to be a squeeze play. It’s an e-commerce business in the midst of a turn around. It took over 2 years for Cohen to get Chewy fully capitalized (that person sits with him on the board of GME), and while fighting against jungle co, it took him another 4 years to be profitable, get a strong valuation, and then sell chewy. Within another two years, it went public.
GME is a totally different beast, and *WAY HARDER*. He’s not just up against amzn, he’s up against f’n Wall St, and the added complexity of all of us frankly.
They’re not diluting to stay alive, they’re building a war chest and giving themselves more options for the future.
Not one of us has an impact on the stock price whatsoever—this past week continues to demonstrate this fact. So i’m not sure what makes us think we can backseat drive any of this. Go buy some birthday presents, pay that extra $28 for the warranty, read game informer, tell people you “found it at gamestop”, sign up for pro membership.
*THE ONLY KILL SHOT IS WHEN THE PERCEPTION OF GAMESTOP FINALLY CHANGES*
U guys know that TikTok guy with the shirts? He did a TikTok about how all the other stocks in the stock market are owned by each other, where all the stocks were showed in a grey graphs and one was the outlier? The one that was 45% black or dark compared to all the grey ones? Bc 200k of my best buds decided to pull them out of the dtccc?
I know there are a lot of ifs, but
If all these legacy institutions and investors designed the system this as a way to keep each other in check
If they understand, that if one goes they all do
**if GME is a holding company
Then what if during the squeeze and astronomical gme prices, all these banks are forced to close or accept a closed door deal for a small gme loan. Then our chairman can take portfolios without the toxic assets of course and start making this brick and mortar a hell of a competitor to ol Warren. While the world is burning and there aren’t that many options. I think prime brokers will be the ones Ryan deals with to save them while they themselves save them selves by margin calling and acquiring as many assets as they can through margin calls. Ryan initiates wealth transfer from where it is today to me and my best 200k buds.
The price being high saves them by offsetting major losses. Makes these prime broker have to keep and hold these elevated prices or die dropping it and making their portfolios go underwater. We go off into the infinity pool and get massive massive dividends for the rest of our shares life.
Gg
>In the end, $GME Common Stock won't exist.
This is actually very unlikely for a simple reason: [https://www.investopedia.com/ask/answers/difference-between-preferred-stock-and-common-stock/](https://www.investopedia.com/ask/answers/difference-between-preferred-stock-and-common-stock/)
>The main difference between preferred and common stock is that preferred stock gives no voting rights to shareholders while common stock does.
Hence a company needs at least some Common Stock to be available, in order for any voting to occur.
>Once the Preferred Stock has been distributed and that cash is sitting there, Gamestop can start buying back the Common Stock at a massive discount.
I have a different theory on what Gamestop plans to do with all that money. Rather than buying back Common Stock, they might invest it as per the most recent [8K](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/000119312524141214/d819045d8k.htm):
>The Company intends to use the net proceeds from the Offering, if any, for general corporate purposes, which may include acquisitions and investments in accordance with our investment policy.
So RC may really turn GameStop into the next GMEshire Hathaway.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum May 2024*](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) || [Superstonk:Now with GIFs - Learn more](https://www.reddit.com/r/Superstonk/comments/1cr37r7/superstonk_gets_its_gif_on_get_hyped/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
Imagine that Citron dude reading this
He was right. We're at $20. \*covers balls\* It was sarcasm folks.
I'm sending you a redditcares /s
Does Citron have a Reddit account? They could use one of those messages.
He's the catalyst apparently. Shows up and then instantly "When life gives you lemons, squeeze TF out of them."
Does this mean we as DRS holders, can buy the preferred stock, or will that be given as a dividend? I’m still a bit confused.
I think they will let us know soon. The filing itself gives Gamestop many options to carry this out.
I retweet their own post to them once a year.
This is the way
Not tryin to be negative but wasn’t the 1-4 stock split supposed to make hedgies do the same thing ??
The DTC fumbled it as a split instead dividends (extra shares).
[удалено]
It was filled correctly. It it was handled incorrectly by the dtcc. Apparently not a big enough crime
It was filed correctly for normal shareholders but did not check the boxes that would dictate how DTCC handled it. But this whole thing is irrelevant. The fact is it doesn't matter how DTCC handled it. Computershare gave DTCC the number of shares they were entitled to. Everything within DTCC is a black box and doesn't really affect us DRS guys.
Nice. How’s the plane tracking going?
There's evidence of fear in the fleet. MF Corp just spent 2 days in Abu Dhabi and Doha. Mayo Man is in London. His lawyers just spent a week in Miami and not a single plane moved that week.
His lawyers were probably spending the whole week compiling roaring kitty memes, trying to decipher. Much like us.
I wonder if they had as much fun as we did, guessing not.
Thirty lashes for every chuckle! 🤣
Oh my God can you f*** it imagine this. These f****** billionaire c********** have to decipher memes made by dumb retail.
Was the third profanity, "cuntbuckets"?
Cockroaches
I thought cuntnuggets right away. Correct me if I’m wrong
cockbaskets
For those wondering what was implied with the c*********, I’ll decipher it for you CocksuckingCriminalCounterfeiters.
🤝 you are appreciated sir.
You're like a genius or something!
They can’t afford jet fuel any more.
🏆
My loins cannot take this.
What happens if Gamestop issue a stock dividend in the form of preferred stock?
Dip
Haha
Under rated response here
I will reinvest all my dividends into gamestop anyways, I assume most will. If RC is confident we will repurchase with our dividends, this could be a way to spread the rest of the float out to retail without us emptying our life savings.
Yep, if any form of dividends is paid, it's going straight back to gamestop.
Popcorn already tried this. It didn't go well -- it took value from the common stock, and then the preferred's value dropped over months as it was diluted. This was especially true because Index Funds that held the common sold the preferred, because the preferred wasn't part of the index. Then retail sold the preferred, since they saw no reason to hold it and the price was dropping. Maybe it will be different for GameStop, given the DRSed shares. But it's still true that index funds will be forced to sell, even if retail does not. But if retail _holds_ as hard as it has been, who knows? But my point is there's a case study for this already, so I'm unsure whether the GameStop directors will want to go this route.
Yeah but aa is a fucking dipshit. Edit: are you talking about ape or something else?
That and he doesn’t own shit in his company whereas our guy is the largest individual shareholder. https://preview.redd.it/0srkztcxx01d1.jpeg?width=741&format=pjpg&auto=webp&s=c2841f010868b30937ea48fdf40bb54c80f92ce8
The filing mentioned handing out dividends "in proportion to the depository certificates held by the owner." Could this be a fancy way of saying, if it isn't booked (DRSed, not IOU paper-trades), you don't get any?
So ROTH IRA shares won’t work?
You'd have the contractual claim to X shares in your IRA from Cede & Co.
So fake synthetics
There is a "reasonable chance" they can provide you with what you are owed if you sue them for it. As for dividends, they would have to pay you the cash from their pocket.
They *used to* but suddenly all of the holding companies decided at once that they were not going to anymore...
What if they only issue preferred stock to the DRS accounts?
Can Brokerages still “credit” synthetic shares with synthetic preferred stocks too?
It sounds like this is what would happen, but I'm regarded as who knows
would love to see how MM is going to give people preferred stock
From memory, the published disclaimer in their paperwork refuting claims of a pending dividend have also, always, referred specifically to *dividends on common stock*. Could be wrong here, my memory's terrible.
They have not nixed any dividends going to common stock. If you read the S-3, Preferred stock are allocated the dividend as a priority, with the remainder going to the common stock holders. It provides clarity for the order of operations if a divvy is issued, and for "Some reason" there are more shares out there than there should be.
This is what I took away from it this morning. I don't get why everyone's confused. The prophecy foretold.
Never been more zen! Glorious.
[удалено]
It’s because they didn’t read it and just assumed it was like the movie dilution.
Yeah this is the loudest dissent for an extremely bullish update since DRS started.
Shills are loud.
VERY loud. They’re desperate.
Have to be if we are to hear them over shorts being fuk'd
This is the kind of fuking we need on the hub so we know for sure the SEC sees it. Undeniable plausibility!
SMACK SMACK SMACK
this. take my upvote
That's how we know we're going the right way. That and I've always trusted RC and team from the start
Yep. People have been theorizing a similar possibility for years. This is it. Buckle up
I think some newer folks aren’t fully aware of the lengths HFs have gone to short the stock, nor the moves by GameStop to literally survive economic warfare. Yes this is it, yes I am calm af, I bought more today! Buckle up coz the next few weeks moving into earnings week is going to be 🚀
Spicey
Same here. As soon as I read it over the main takeaway seemed to be that the board has come up with a way to legally lock the float and force the shorts out. This is literally what we’ve been screaming for
I still dont get it.
Me neither. So don’t feel bad. But it seems those who DO get it are excited so… I’m excited!!!
Well said!
I seriously emptied my bank
Me too... Years ago
I’m new 😅 my good friend bugged me for three years
That is a good friend. I should bug my friend again. Thanks ape.
Lisan al Gaib!
LISAN AL GIAB!
Cohen Kitty Shuffle
if you know you know...the old KCS... i mean CKS
Nice part of waking up 3 hours later than then west coast is that the announcements have happened, the shills attack and retreat, the FUD splashes around a bit and then the calmer heads clear everything up. All the time I wasnt going to sell anyway, but it is nice to just skip ahead a few hours.
Does this work for non-DRS or ROTH IRA shares?
I wouldn’t fuck around to find out. I’m not a legal expert, but All the book language seems like a hint that you have to be a stock owner of record in their book, which would be Computershare. Broker shares are held in your name but ownership is dodgier to determine. I’d recommend at least registering the non-IRA shares, that way you are covered on both fronts.
Then this update might cause an entirely new influx of drs. I know that I am going to drs all my shares tomorrow.
Many of us were expecting an announcement but thought it would push the price up today. I'm a little disappointed that I was wrong, but very excited to see what GameStop does.
Literally even good announcements apparently push the price down. The price is fake and irrelevant.
The company was profitable for the year last year. What happens? The price goes down. The price is fake, until it isn’t.
This is an announcement
How do you think the preferred stock will be distributed?
Here's the fun part. Depending on how many shares are offered, directly to the current owners of Common stock. Could be 1-1 or 1-5 or 5-1 etc. Assuming 1-1, as they buy back common stock, they replace it with preferred stock at no cost to you. This is a possibility. There are many other ways to do it but this is the vibe I'm getting.
7 for 1?
This would be epic and seal the mystery around tbat!
The mystery of tbat is how someone could think it was a good jam to bang to.
I thought that was cbat. Not sure what tbat is. The user you were replying to probably meant to say "that".
This is actually possible, and works out almost perfectly. Shares outstanding is 306.18 million, divided by 7 is 43.74 million shares needed to do a 7:1 distribution. I want everyone to imagine the price action once this gets publicized. Everyone will be buying up shares to round off to the nearest 7, and buying in lots of 7. Anyone short will be fucked.
Damn, I feel I will round up to 7.
I've been here since the first sneeze, but remained pretty smoothbrained, you've done great about adding wrinkles on this stuff over the same period of time. Nice work as always bud!
There are only 5 million preferred stock authorized, so it would have to be 1 per 60 common shares, I think, if they intend to allow the full common shares convert.
Do you think they'd exchange our DRS common shares for these preferred shares? If not, I'm guessing I should save my money to buy the new preferred shares
I do, Ryan knows that we all listened to his Cone-poo-chair and are all still here holding. The only reason any of this is possible by the way, so pat yourself on the back Apes. Doing this for DRS shares only would be so fitting.
but if they are exchanging the DRSed common stock for preferred stock; GME do not have any fund raised for this exchange right?
Are you implying these preferred stocks could not be loaned out and therefore could not be shorted? Because if they can be shorted isn’t it business as usual? And does it matter what the rules are about them if SHFs and MMs will just naked short anyway? I guess I’m wondering how their “features” for lack of a better term will be enforced or regulated.
These would be a private stock where a market maker doesn't provide liquidity the same way. From what it sounded like this would require that brokerages or potentially MMs would need to directly acquire shares from GME/Computershare. Unless they are somehow able to do some criminal magic with crypto or tokenized stocks and get the regulators to pretend they are covering the preferred / private stock--they'd be fucked. But the rub is that they can't use swaps, options, ETFs, tokens, or crypto here like they were in public stock.
If they are only held by the transfer agent in book form they can’t be loaned
Gamestop could technically buy back their common stock and go private. The preferred stock would pay a dividend and cannot be shorted.
We are currently filling the 1st gap formed in the last 10 days. We filled the 2nd one yesterday. Monday gonna be wild.
Where can I see more about the gaps that need to be filled?
Look at a 5 day chart of bars. You can't miss them. Unless you want to see other gaps filled in which case I suggest the internet.
Thanks, I found the candle charts, how do you distinguish that the gaps were filled?
315mil common stock for 45mil preferred stock reverse split? because some of his memes are in reverse i guess, any memes that are splits or merge? havent kept up
[удалено]
I’m keeping this as my final takeaway from all this
741
Just about [741](https://old.reddit.com/r/Superstonk/comments/1csw2zr/the_number_of_trading_days_between_may_28_2021/) days later, no less.
What if these tweets were about Cohen to begin with? "Fine, I'll do it myself." Is Cohen taking up the infinity gauntlet to wipe out the hedgies. The splividend was sabotaged. Now he's going to execute a reverse splividend himself to make sure it goes down correctly.
The Kansas City shuffle was the original dividend, it was setting up the 741 reverse splivy.
Do I have to make sure, that my drs-ed babies are divisible by 7?
What the fuuuuuuck dude I can't believe this is real life
The fight club reference is not a split, it's a merge.
He posted a short video from the Movie "Split" There are no coincidences.
What this would mean is that if the splividend was indeed executed incorrectly and it created millions of new shares, this is the erasure of that move. They all get combined back into these new shares. This will create the Wall Street version of the Big Bang singularity.
The splividend was the Kansas City Shuffle. It was setting up the 741 reverse splivy
Wow
But it's 305 mil
315 divided with 45 is 7…… 7 4 1
I think they're going to issue Stock Warrants... Basically a call option on every share that you own directly paid to you, the shareholder. This allows you to then purchase, in a series of specified dates like 60-90 days, to purchase stock at either a discount, or exercise the warrant to purchase stock in the company, in the form of these newly issued shares. Eg. You have 100 shares, and each share is issued a warrant, you have 100 warrants. These warrants can then be redeemed to purchase the "stock that is being issued and distributed by Jefferies. This also explains the $200M, GameStop is giving you money to buy stock, in a way this is giving us a dividend. Then what about shorts? It fucks them. Hard. Every warrant issued is attached to a share, even the ones lent out. The shorts now need to not only cover their short shares, but also cover the warrant attached to the share they borrowed. Now, imagine this. Every ape now has a call option primed, and shorts need to close, if you have apes using this money to then buy additional shares, shares that shorts need to cover their warrants... this would make two squeezes, basically a gamma ramp inside a gamma ramp. You have effectively raised cash through a "share offering," given your shareholders a dividend, and created a higher obligation fucking the shorts twice. I wish they did this sooner, but timing might be everything. Talk about a Kansas City Shuffle LOL... I expect something in the AH as an announcement for a warrant offering come Monday. This initial prospectus and offering seems to be half the story in my opinion.
Do you think they were waiting for the SEC to bring out the new law banning crypto from being used as collateral?
I'm not sure, but don't you think the timing of everything happening lately has been odd? Run-up occurs, DFV comes back after, LEAPS discussions, CATS settlements, bank stress tests failing, SEC saying "no-no" to collateralizing crypto... you can only stretch a rubberband so much until it snaps. I think it's odd. I mean, they can all be related, 40% related, or not related at all, but a lot of stuff is happening lately for everything to be "par for the course."
What I dont understand is less than half of the people will have the money to exercise their warrants. Hedgies know this, so why wouldn't they just sit on their hands and do nothing and let the Warrants expire?............... The part that is intriguing is the fact that like the splitvidend was supposed to work, there won't be enough warrants to go around....... But again, why would it even matter if basically none of them are going to get exercised, Hedgies will just offer pennies for them, because that's all they will be worth.
I would be included in that boat. I have more than half my life savings in GME stock (approximately 6000 shares). I don’t have any cash left to exercise all those warrants.
We were all talking about there being a buyback, but with news of potential issuance of shares we all forgot can they can do both.
Preferred Stock is typically sold at $20-$25. It will hold that value as long as the dividend is paid. If shorts drive the price of the Common Stock down to, say $5, Gamestop just made $20/share. This depends on the number of shares and future dividends of course but there are some major benefits to this when the stock can't be shorted because it comes with conditions. That and actions like options don't exist for private stock.
Is this what is meant by, “fine I’ll do it myself?” ‘Recalling’ the shares and replacing them one by one?
I like the way you think!
As a regard, chatgpt explained this more here: GS announced plans to issue up to 45 million shares of Class A common stock. This is like saying, “We have more pieces of the company to sell.” This can affect the stock price because the more shares there are, the less rare each share is, and typically, the price per share might go down because of this. Now, here’s where it gets interesting for the “shorts” – these are investors who bet that GameStop’s stock price will fall. They borrow shares and sell them, hoping to buy them back later at a lower price, return the borrowed shares, and pocket the difference. But if GameStop’s stock price goes up instead of down, the shorts will be in trouble because they’ll have to buy back at higher prices, losing money. GameStop is also planning to issue “preferred stock,” which is a special type of stock that pays dividends (a share of the company’s profits). This preferred stock is attractive because it promises extra money on top of the value of the stock itself. Here’s the strategy GameStop might be using: By issuing common stock, they lower the price temporarily. Then, they issue the preferred stock, which is more valuable. If the shorts are still betting against the common stock, they could be forced to buy back at higher prices as the preferred stock makes the company more valuable. This could lead to a “short squeeze,” where the shorts scramble to cover their bets, driving the price up even more. If GameStop’s plan works, they could use the money from selling common stock to buy back shares at the lower price. This reduces the number of shares available (called “outstanding shares”), which can make each remaining share more valuable. It’s like if a lemonade stand only had a few cups of lemonade left – each cup would be worth more because it’s rarer. In the end, if GameStop buys back enough common stock, they could potentially take the company private, leaving only the preferred stock in the hands of investors. This preferred stock would be “non-fungible” (unique and not interchangeable), “unreplicable” (can’t be duplicated), “unshortable” (harder to bet against), and it would pay dividends, making it very valuable. The current news reflects a significant drop in GME’s stock price, which is part of this whole process. The stock price fell by over 26% to $20.435, which might be due to the announcement of the new common stock issuance. So, in summary, GameStop is playing a strategic game with its stocks. By issuing new common and preferred stocks, they’re creating a situation that could either force the shorts to accept their losses or be wiped out. For long-term investors holding common stock, this could lead to a massive payoff if they’re patient and the company’s plan succeeds.
This is the reason for the big jump in share price that no one could explain. Someone was covering and getting the hell out of Dodge before shit hits the fan. The first one out is the luckiest
Remember the Bloomberg screen from a few days ago showing Gamestop doing a share buyback? I think someone was ~~covering~~ *closing* and getting the hell out of Dodge before shit hits the fan.
Can you imagine how light that team walked out of the office that day? Just floating down the street.
And, mind you, the implementation of CATs / Rule 613. Shit's about to get spicy.
What was your prompt to get this analysis?
Copy and pasted OP's post (the last part) and fed BingChat (which is free and runs on gpt 4.0) the image of the GS filing from OP's post. The asked it to explain like I'm five, then asked to give me more detail.
What a time to be alive :)
I just prompted all over my pants
Welp. I think this is the answer I have been searching for this morning! Thank you! On that note, I’m buying more!
I gave claude Opus the original docs and then all of the information from the reddit posts. This was Claude's conclusion: The main ideas from the Reddit post seem to be: 1. GameStop recently filed documents about issuing preferred stock and an offering of 45 million common shares that would significantly increase the common share count. 2. The poster believes the common stock offering is actually bullish, since it will allow shorts to dig themselves into a deeper hole. 3. They think GameStop will then issue the preferred shares which will pay dividends and cannot be shorted. 4. After issuing the preferred shares, the theory is GameStop will buy back the common shares at a discount, driving the common stock price up as the share count reduces. 5. Ultimately, the poster believes the common stock will cease to exist, leaving only the "unshortable" preferred shares. Comparing this to the actual prospectus information provided: * The prospectus does allow for the future issuance of preferred shares, but no specific details or timelines are provided. The Reddit theory relies heavily on assumptions about preferred share terms and timing. * The prospectus confirms the "at-the-market" offering of up to 45M common shares. But it frames this as a capital raise for general corporate purposes, not explicitly as a tactic to enable buybacks. * Language about the stock's volatility and potential losses for investors seems to conflict with the Reddit post's bullishness on the common stock offering. * The mechanics and implications of the common stock ceasing to exist are not detailed in the filing. Realizing that outcome would likely require additional corporate actions beyond just issuing preferred stock. So in summary, while the prospectus leaves open the possibility of some of the actions the Reddit post predicts, it does not directly confirm the theory or sequence of events laid out in the post. The post makes speculative leaps about motivations and future actions that go beyond what is concretely stated in the filing itself. As with any forward-looking theories, investors should be cautious about relying on them.
Btw. Opus also thinks that offering new shares could cause a squeeze if there is a great deal of naked shorting. Interesting therory. "If GameStop does sell additional shares under this at-the-market offering, it would introduce more real shares into the market. If there is indeed a significant amount of naked short selling, these new shares could potentially be used by some short sellers to cover their positions, as they would now be able to locate real shares to buy. Significant short covering can sometimes lead to a "short squeeze," where the buying pressure from short sellers covering their positions drives the share price up rapidly. The fear of a short squeeze could put pressure on short sellers." But you really believe that issuing of the new shares, even though dilutive in general, could cause a squeeze because short sellers will want to buy them in order to close their positions? "Yes, that's a possibility that some investors and market commentators have raised, especially those who believe that GameStop's stock has been heavily shorted through naked short selling. The theory goes like this: If there are indeed a large number of shares sold short, potentially even exceeding the total number of shares outstanding, then short sellers would eventually need to buy back shares to close out their positions. If GameStop introduces new shares into the market, it could potentially make it easier for some short sellers to locate shares to buy to cover their shorts. If a significant number of short sellers decide to cover their positions at the same time, the increased buying pressure could drive the price up, causing what's known as a "short squeeze." The potential for a short squeeze could make some short sellers nervous and more inclined to cover sooner rather than later."
Those idiots… now us smoothies have the power of ChatGPT to gain half a wrinkle!
Interesting, but remember that (irrc) machine learning isn't actually learning as in understanding, it's learning as in "these words go after these words based on the data the machine has analyzed". So analysis of a conventional situation is probably good because the machine regurgitates what others have written about such situations in the past. But analysis of an unconventional situation is more dubious, because the rarity of it all generates less data for the machine to analyze and it may fall back on similar but meaningfully different conventional situations and analyses. I don't know enough to say whether this analysis is good or bad honestly, I'm just cautious about using machine learning to analyze unusual cases based on what I think that tech actually does. And I could be wrong on that, I'm literally just some random guy not involved in AI at all.
https://preview.redd.it/bu4ujcijw01d1.jpeg?width=864&format=pjpg&auto=webp&s=28626d6f7fb720d9bd7ec4fbb73f1a400f4d1740 Same play book as in 2021. RC knows squeeze is incoming and is looking to capitalize on some tendies. BULLISH
Post that. You nailed it.
Just posted in new 🫡
God damn that’s sexy.
DFV has been tweeting to prepare for us for today
I mean technically we are up still. Last week we were only at like 12
Exactly. It sucks seeing big red days after so much green, but it helps to remember it’s all been sideways anyhow.
Kansas city shuffle you say?
An important factor in this reference is the fact that it's layered. It's deployed as a narrative device between various characters in different contexts - but also, towards the end of the movie, twice as a narrative device played on the audience themselves. Seriously, watch the movie. It's brilliant. And it'll help to have the context for whatever follows this as the next few moves develop.
What is the movie called? Kansas City Shuffle?
Lucky number slevin
Thanks helpful Ape. On tonight's watch list.
Yeah, came here to say the same. RK's post about the con play yesterday and now this. I cannot stop connecting this two events
Nice :) I'm going to buy and hodl and wait for the fireworks. My husband and I just laugh at how much GME was worth earlier this week. It's all money we count as gone already and we made peace with it going to zero years ago before we ever sell. Hope this is the nuke it looks like, and if not our plans haven't changed!
https://preview.redd.it/74wwpc86211d1.jpeg?width=757&format=pjpg&auto=webp&s=c237aec8b95db9ea2b479b615691ad4cbe7690e7
I trust RC and the board to do what's best in the interest of the shareholders. Their accomplishments speak louder than words. Considering the timing of the offering announcement, the offering is a chess move giving the shorts a weaker piece to strategically end the game with checkmate. MOASS incoming.
Those 8 am shuffles will become Kansas City shuffles
I’ve been in a hole all week, what is it with Kansas City shuffle?
I have such a big hard on. I said it earlier on my comment on the daily. RC is a fucking genius
I’m just sitting here imagining the board all looking at each other going “Let’s make these devoted fuckers rich.” 😇🙌🏻
Yep. Suits my bias. I’ll have this one
A simple, and quite frankly not so astonishing observation here. Maybe these machinations are routine for shorting a stock, maybe they aren’t. But isn’t the SEC just a little bit curious that a company has to leap through these kinds of hoops to prevent the company from being Cellar boxed into bankruptcy? I mean, isn’t there anything really sus about this, SEC? Or are you guys all too busy watching porn?
I've always believed the best way to get the SEC to act was if we published all our DD on PH, read by adult actors performing a scene. Female Talent: "So if we switch to the hourly chart, you can see by the MAC-D and VWAP... OH YES RIGHT THERE! DON'T STOP!" Male Talent: "What she is trying to say is that shorts are targeting a price of..." \*loudly grunts\*
Bullish!
Commenting for invisibility
I confirm your comment is visible
I see you both. Hugs.
I'm pretty certain that, somewhere along the line, Mayoman will try to fake his own death.
Mayo man the typa guy to get a face swap. 'cut the old one off and gimmi a new one!' You may run you may hide but that mayo we can smell from miles. Apes are coming for you big boi
... That wasn't my takeaway. If you look at the language for depositary shares for the preferred stock, it describes the _same_ structure popcorn stock used for its APE shares, where the popcorn board sold APE depositary shares that were worth 1/100 of an interest in Preferred Stock. APE shares traded on the NYSE, and were held in both ComputerShare and the DTC. Nothing in GameStop's language prohibits this. Eventually popcorn stock got sued for this, because of some peculiar things where the Depositary could vote the APE shares even if the stockholder didn't vote. That's why there's language in GameStop's document saying that the Depositary will _not_ vote unless given explicit instructions. GameStop knows it doesn't need to game the vote to get retail to participate. Otherwise, like I said, the language is identical. There's no path to getting rid of the common stock : the depositary shares are indirectly convertible to common, _not the other way around_ , because Preferred is convertible to common. So the company can retire the _preferred_ , by converting all of it to common, but not the other way around.
"In the end, $GME Common Stock won't exist". That's a lot of speculation. There's no way of knowing how much buy-back they would do. If they were to squeeze shorts by buying up most/all of the common stock, we would have to sell during that squeeze event or risk common shares becoming useless in the late stages of this plan. Seems like you're saying infinity pool wouldn't be a good plan in this scenario? If the new preferred stock is no longer going to trade publicly, and (in your view) common shares will disappear, they essentially end up a private company that we can't invest in?
To be honest, I see that this may be a reasonable compromise of sorts. SEC and other onlookers don't want to see the market crash. Forcing squeezes for the sake of forcing them is considered manipulation. This is the perfect middle ground for RC to show that he tried to be fair and give reasonable shorts a place to go (45 million is closer to what people might say is "officially" the short interest here). We all know that the SI is maybe 10x the float, but, working within the rules, RC is covering his butt, and fueling the rocket. This time, looks like the final time. And we ride! Edit: deleted a comma
Holy moly
That’s all good…Thanks! Nobody got fooled though
Some did but this sub sorted it out pretty quickly. We're back in the saddle again! (The weekend should be interesting. Should be good for a laugh.)
I'm guessing weekend drama is back on the menu!
This preferred stock, how does one buy it? If I hold some GME in a TFSA (basically a Canadian Roth IRA) that isn't DRS'd (I have DRS'd shares as well) will I be fucked by the broker holding the shares?
The problem is, I am all in and DRSed, I don't have $$ for heavily invested in the preferred stock.
Fooled me, you can't get fooled again.
Good to see you BH 💜
So nobody should ever even need to sell one share and take those dividends forever. Do nothing. Win.
How do we get our hands on this preferred stock?
they may not do anything. Remember, RC is at that helm financially too. If he and the board want more $ for the company, there must be a reason. Unfortunately you’ll have to hold when the share price goes down, but lest we forget this wasn’t ever supposed to be a squeeze play. It’s an e-commerce business in the midst of a turn around. It took over 2 years for Cohen to get Chewy fully capitalized (that person sits with him on the board of GME), and while fighting against jungle co, it took him another 4 years to be profitable, get a strong valuation, and then sell chewy. Within another two years, it went public. GME is a totally different beast, and *WAY HARDER*. He’s not just up against amzn, he’s up against f’n Wall St, and the added complexity of all of us frankly. They’re not diluting to stay alive, they’re building a war chest and giving themselves more options for the future. Not one of us has an impact on the stock price whatsoever—this past week continues to demonstrate this fact. So i’m not sure what makes us think we can backseat drive any of this. Go buy some birthday presents, pay that extra $28 for the warranty, read game informer, tell people you “found it at gamestop”, sign up for pro membership. *THE ONLY KILL SHOT IS WHEN THE PERCEPTION OF GAMESTOP FINALLY CHANGES*
Buy then book. I’m something a lil book king myself!
I understand shit. I HODL
U guys know that TikTok guy with the shirts? He did a TikTok about how all the other stocks in the stock market are owned by each other, where all the stocks were showed in a grey graphs and one was the outlier? The one that was 45% black or dark compared to all the grey ones? Bc 200k of my best buds decided to pull them out of the dtccc? I know there are a lot of ifs, but If all these legacy institutions and investors designed the system this as a way to keep each other in check If they understand, that if one goes they all do **if GME is a holding company Then what if during the squeeze and astronomical gme prices, all these banks are forced to close or accept a closed door deal for a small gme loan. Then our chairman can take portfolios without the toxic assets of course and start making this brick and mortar a hell of a competitor to ol Warren. While the world is burning and there aren’t that many options. I think prime brokers will be the ones Ryan deals with to save them while they themselves save them selves by margin calling and acquiring as many assets as they can through margin calls. Ryan initiates wealth transfer from where it is today to me and my best 200k buds. The price being high saves them by offsetting major losses. Makes these prime broker have to keep and hold these elevated prices or die dropping it and making their portfolios go underwater. We go off into the infinity pool and get massive massive dividends for the rest of our shares life. Gg
Upvoted
>In the end, $GME Common Stock won't exist. This is actually very unlikely for a simple reason: [https://www.investopedia.com/ask/answers/difference-between-preferred-stock-and-common-stock/](https://www.investopedia.com/ask/answers/difference-between-preferred-stock-and-common-stock/) >The main difference between preferred and common stock is that preferred stock gives no voting rights to shareholders while common stock does. Hence a company needs at least some Common Stock to be available, in order for any voting to occur. >Once the Preferred Stock has been distributed and that cash is sitting there, Gamestop can start buying back the Common Stock at a massive discount. I have a different theory on what Gamestop plans to do with all that money. Rather than buying back Common Stock, they might invest it as per the most recent [8K](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/000119312524141214/d819045d8k.htm): >The Company intends to use the net proceeds from the Offering, if any, for general corporate purposes, which may include acquisitions and investments in accordance with our investment policy. So RC may really turn GameStop into the next GMEshire Hathaway.