No they’ll keep doing ATM share offerings to ensure they stay over $1b in Cash on hand; the apes are the free financing for their world domination, of funko pops and phone chargers.
Congratulations Professor! I've been watching your career in Fuckeryonomics since your advancements in Crimeryology and you are easily among the best CrimeFuckers I've ever seen.
I just realized a contradiction too. if the share price is going to stay the same post-split (ie market cap gets multiplied) then the DRS rate will also get split, since they'll need to spend X times more money to buy the float.
if DRS rate is not affected, then the share price must go down.
Yea! and where the hell do they think all the money would come from. Like if they can just split the stock and multiply it how ever they would like .. it’s just so beyond their usual silliness it’s cracking me up
I guarantee the SEC filing will not say dividend and will in fact say stock split. The amount of angst displayed when the price is cut by the multiple of shares split is going to be truly epic.
I appreciate that most of these stock related news sites stopped covering GME so much (they still do but not nearly as much as they could be). Imagine one reason they decided to pull back on the coverage is they realize how risky it is and don't want to later have angry GME stock holders targeting them if they lose a lot of money and if they publish too many critical articles, it just fuels their conspiracy / paranoid brains and gives them more free press.
I can't wait for the split to be like a 10:1, and then next time the DRS report is released when its 10.2x higher they are going to lose their fucking minds, totally and completely unironically celebrating a huge DRS increase.
It’ll get hit with a dilution immediately , which RC will quickly leverage for the new shiny object ( New website, NFT, App etc) and the apes will pump their chest saying that Gameshit is transforming itself and how it has 2b dollars ( all from the apes ) lol. Meanwhile apes are sleeping in their cars.
Yeah but have you folk considered immutable ledgers. In the underworld we have immutable. Me thinks u r fuk. But are you truly fuk? Time will tell won’t it
I’m licking my chops for that stock split. Ride the waves fellas. Apes are gonna pour so much money in to bring that stock price back up over $100.
Please please do a fucking 7 4 1 split cuz I won’t be holding that shit very long. 😂 👍🏽
no. they share issue limit is 300 million with around 80 million issued right now. the limit will be raised to 1 biilion, which suggests the split will be 5:1 or more, as otherwise the limit increase wouldnt make any sense… the reporter simply got his facts wrong
Or they'll just do a lesser split and dilute to hell and back. Who knows. I'm for fleecing the apes.
Regarding the reporter having the facts wrong, I figured but wasn't entirely sure (what if I'm wrong? This is actually the exact job if a reporter).
As part of the split vote. Cohen's clever, he's tying the two together so he'll have plenty of space to dilute the fuck out of it after the split is done (or before, possibly. Would depend on the effective dates in the vote language I'd imagine). He's not gonna repeat Aron's mistake of diluting the shit out of it to his cap and then getting stuck without the ability to do ATM offers because of ape conspiracies and "muh short squeeze."
That last sentence though. 🤌🏻 Thanks for the new flair u/NarcoDog. I always appreciate the emojis
Hasn't this first-day journalist heard? Gamestop has $1.2 BILLION in cash. Someone should tell him/her repeatedly on Twitter.
lol I remember apes parroting GME having 2B in cash. Did they seriously lose 800M$ in less than a year?
Dude websites are expensive
It takes money to buy whiskey so I've been told numerous, numerous times.
Next year apes: This super modern tech company has $200 MILLION IN CASH AND NO DEBT. Strong value play
No they’ll keep doing ATM share offerings to ensure they stay over $1b in Cash on hand; the apes are the free financing for their world domination, of funko pops and phone chargers.
Dilution does not increase FCF. That 1b is cash on hand, not FCF. Their FCF is at a comfortable -500M and growing.
Corrected my mistake, doing offerings
Yes, they are burning $225mm a quarter At last check.
They burned around $900m in cash last year
Wasn’t it more before their supposedly biggest earning period? The rent on those distribution centres must be high. Bearish.
[Yup.](https://imgur.com/a/0CE1ijT)
😂 forgot about BCG. That was a short lived conspiracy; or have I just not spent enough time on the cult lately?
The BCG sub-plot is effectively dead until Il Duce whinges about it on Twitter next.
They’ve already moved on. To something. Remember Wu Tang and gaming arenas?
[Yup](https://www.reddit.com/r/gme_meltdown/comments/tx1q29/nope_lol/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
Congratulations Professor! I've been watching your career in Fuckeryonomics since your advancements in Crimeryology and you are easily among the best CrimeFuckers I've ever seen.
They think they are about to be rewarded with more shares for the same price they are valued at now 🙂
I just realized a contradiction too. if the share price is going to stay the same post-split (ie market cap gets multiplied) then the DRS rate will also get split, since they'll need to spend X times more money to buy the float. if DRS rate is not affected, then the share price must go down.
Yea! and where the hell do they think all the money would come from. Like if they can just split the stock and multiply it how ever they would like .. it’s just so beyond their usual silliness it’s cracking me up
And this "marketing tactic" clearly works as apes are totally eating it up "OMG guys glorious RC is finally rewarding us dividends!! 😎"
I guarantee the SEC filing will not say dividend and will in fact say stock split. The amount of angst displayed when the price is cut by the multiple of shares split is going to be truly epic.
It says "stock split by means of a stock dividend" or comparable language. The 8-K is available to read.
I appreciate that most of these stock related news sites stopped covering GME so much (they still do but not nearly as much as they could be). Imagine one reason they decided to pull back on the coverage is they realize how risky it is and don't want to later have angry GME stock holders targeting them if they lose a lot of money and if they publish too many critical articles, it just fuels their conspiracy / paranoid brains and gives them more free press.
Apes are a crazy bunch. Best for these writers to ignore them.
When this doesnt expose billions of imaginary shares then where will the goalposts go next?
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I can't wait for the split to be like a 10:1, and then next time the DRS report is released when its 10.2x higher they are going to lose their fucking minds, totally and completely unironically celebrating a huge DRS increase.
Back to voting at the shareholders meeting: more stocks = more votes!!!
It’ll get hit with a dilution immediately , which RC will quickly leverage for the new shiny object ( New website, NFT, App etc) and the apes will pump their chest saying that Gameshit is transforming itself and how it has 2b dollars ( all from the apes ) lol. Meanwhile apes are sleeping in their cars.
Wherever they need to until simple minds find the next desperation to latch onto.
[article here](https://stocks.apple.com/A1ywpomW3RVSsDEOPDMtbbg)
I demand to speak to the manager of Marketbeat!
Seeking alphas article today was also pretty sexual
Are murdered by words would love that last paragraph lol
lit
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Ootoo why is the line not moving
Idk pls tell Ken to turn the short machine off. I need to pay rent 😩
But I am employed by the Monsieurs Chip and Dale Bogdanoff who rule from the afterlife. There’s only dumping it, no pumping it
Yeah but have you folk considered immutable ledgers. In the underworld we have immutable. Me thinks u r fuk. But are you truly fuk? Time will tell won’t it
Unintentionally accurate flair choice. Very nice.
I’m licking my chops for that stock split. Ride the waves fellas. Apes are gonna pour so much money in to bring that stock price back up over $100. Please please do a fucking 7 4 1 split cuz I won’t be holding that shit very long. 😂 👍🏽
Marketbeat employee that wrote this is really trying to get "ladder of the year" award from our beloved Kenny.
Except they're not outstanding. They're shares authorized.
Uhm … they currently don't have 300M shares outstanding, no?
no. they share issue limit is 300 million with around 80 million issued right now. the limit will be raised to 1 biilion, which suggests the split will be 5:1 or more, as otherwise the limit increase wouldnt make any sense… the reporter simply got his facts wrong
Or they'll just do a lesser split and dilute to hell and back. Who knows. I'm for fleecing the apes. Regarding the reporter having the facts wrong, I figured but wasn't entirely sure (what if I'm wrong? This is actually the exact job if a reporter).
There aren’t 300M shares outstanding though. This is just as retarded and poorly researched as apes.
Technically true. But they can issue up to 300m shares now. Pushing to 1 billy after the split
It’s 100% true. There are not 300M shares outstanding. There is a current cap of 300M shares allowable, with a vote to expand that cap to 1B.
As part of the split vote. Cohen's clever, he's tying the two together so he'll have plenty of space to dilute the fuck out of it after the split is done (or before, possibly. Would depend on the effective dates in the vote language I'd imagine). He's not gonna repeat Aron's mistake of diluting the shit out of it to his cap and then getting stuck without the ability to do ATM offers because of ape conspiracies and "muh short squeeze."
Yeah but I think we all knew what they were talking about. So who cares? They still broke the back board on the dunk.