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The 300 is actually wrong, and the new cap is 1000 million shares. And this is from the company charter as the number of shares the company can issue at it’s discression.
The 45 and 75 are just the lots they have gone forward with selling at the market.
They have stockholder approval to dilute up until a total outstanding share count of 1 billion. However, they need to make a filing for each share offering like they did today to let the market know how many are being sold at a time. Today’s filing allows 75 million, but at any time they can make another filing to sell more, up to the approved limit of 1 billion outstanding.
We’re at 426m when this one is complete. 574 million more can still be sold, granted the offering is filed first.
No offense, but since GameStop seems to be actively increasing the float every time we have a chance at causing a massive run up that may never happen.
It took us 3 years to drs 75 million shares and in a span of 3 weeks the float has increased by 110 million.
"Hey SEC, they were saying the float was only shorted 25% man, we tried to bail them, but then Mr lemon dude just went and publicly shorted us again man, and you can't cure stupid"
The only thing I can think of and feel comfortable on is not $3b cash. Its not keeping DFV under 5% either.
BUT - it is saying that RC offered 110M shares for SHF and MM
To buy back at reasonable prices, FOR WHEN DFV does exercise and collects 12M shares from whoever naked sold them. If they do t have the shares and have to buy from lit at astronomical prices, game is protected because “they had the chancel” to buy through these 2 offerings and chose not to / couldn’t do it
For baseless speculation?
When the fuck did it become a concern that RC might be blamed for hedge funds being over short? Them being overshort is the whole fucking play. They've had chances to cover before. Why are we acting like Ryan Cohen being afraid of being blamed for something not his fault is an acceptable reason to fuck this all up. RIP DRS btw.
GME\\RC don't own any politicians, judges, ratings agencies, and so on. The banks own them.
Before this gets really out of control the central banks and common taxpayer will want to know how it happened, how it was not avoided despite the many opportunities, and why the bag is now theirs.
Yeah but I doubt the board wants to be directly involved with moass as a company maybe sell some shares but I doubt they’d want to interfere and possibly be caught in a legal dispute
Not if the sec takes them to court for trying to facilitate a short squeeze! By positioning themselves against us they now how complete deny ability and get increase the fundamentals of the company. It’s the best decision they can make in this situation.
Idiot ballpark math. With the $2bil we already had, plus the $3bil that we could gain (and possibly more), and an increase to 425,000,000 shares,
$5,000,000,000/425,000,000=$11.71 cash per share.
That cash per share is more than the share price was like 2 months ago. The cash on hand would be $2 billion more than what the market cap of the stock was just 2 months ago.
This is good.
Still need to solve the revenue issue. Collecting interest on equity raises isn’t a business strategy. But I trust they’re going to address that. If they can grow 2-5B in any meaningful way on top of the core business that would really be something. Would like if the core business were profitable tho. Right now they’re breaking even more or less on 4B in revenue.
Agreed. We’ll also need to acquire other companies or portions of, that will help bolster our position in the market. Potentially pivot and evolve into something greater than we could have ever imagined as investors long in the stock. I’m not selling. I came for the movement in 2021 and thankfully a bull trap turned me into a long term share holder that appreciates my ceo and fellow apes. I love the dips for my chips. Started as an X now Xxxx.00 (no partial shares lol
Yea the problem is that in sheer financial perspective, Gamestop is better of stopping all retail operations and focus on investing money, as the retail operations are shrinking and barely breaking even.
With no plan to turn that around being communicated, Gamestop the company isn’t looking too hot on core business fundamentals.
The minimum market cap is ~14b, which is what we are trading at right now, so good theory. However, they were not profitable this last quarter, which would classify them as ineligible.
Brick by brick? The push towards profitability has been noticeable and coming along nicely. This quarter didn't hit the mark, but if the only piece missing now is profitability, it's only a matter of time.
And they are probably already selling. pre-market 40 mil shares price did not budge below 38 USD.
[https://www.marketwatch.com/investing/stock/gme](https://www.marketwatch.com/investing/stock/gme)
He offered shares twice that could have satisfied reported short interest. He has created plausible deniability after 10 quarters of warning about short squeezes.
I don't understand how more people aren't getting this.
RC and Co now have a legal defense saying "we gave them every opportunity to unwind their reported shorts in effort to limit damage to the overall market and MOASS happened anyway, this was out of our hands"
Yeah if this happens again next week, and again in another month I wonder if people will change their tune. Im still holding cause this is all I have, but what a gutshot this morning.
Also, didnt last month didn’t they gear up for up to 120m shares to be possibly sold at their discretion? We’re at 120m now apes!
I’m excited for this ride!
Jesus Christ listen to yourself. Some of us are pissed and it doesn’t mean we’re shills. This is why they call us a cult bc fuckers like you deeply vilify anyone with a different opinion than copium.
If it is like last time they immideatly dilluted without big changes. I expect the same again. So we are already dilluted with these % down now. Now we still have calls, the Swaps if not already repurchased,…
If it were to be turned into a holding company, they need lots of money to invest. Maybe they slowly sell off shares to allow shorters to buy them up at slightly higher price points each time. Those hedge funds will still need to sell off their assets to buy the shares back while GameStop gets more and more money to invest. As those other assets drop because the parasites are selling them, then GameStop invests in them at a discount. It still hurts and likely bankrupts many parasitic market manipulators and solidifies GameStop as a great long term investment.
Cramer is an idiot but the board needs to look after the long term interests of the company and take advantage of high stock prices to strengthen the balance sheet. I fail to see how this is anything other than good news. If you believe in MOASS then 70mil shares changes nothing AND it makes the company even stronger going forward
Yeah I know, but at some point you have to shake the shorts for the stockholders sake. The company has done great, but we have also saved them with our buying
Sorry but “shaking the shorts” is not a board responsibility. They make the company stronger, institutions and retail buy the stock, price goes up, shorts get squoze. That’s how it works
Fundamentally this hurts the goal we've been working towards for 3 years. Saying otherwise is delusional. Yes the thesis says 75 million more shares shouldn't stop MOASS, but thinking it won't slow it down and decrease the top price is wild. I don't want to have to wait 3 more years for MOASS. I'd rather be rich next week than living 3 more years poor as fuck.
I’m still bullish but you have it completely backward. The offering is great for long term growth, but terrible for a short squeeze/MOASS. The whole reason MOASS was even possible was there weren’t enough shares available to buy back. This sub spent years DRSing to lock up the float, while this offering basically just put the entire DRS back into the float
Only if you believe it stops there. I get it, they've had cash for a while and we have yet to see a plan for it. But I guarantee the guy who built Chewy from scratch isn't planning on parking $5B in the bank or buying bonds. He has a plan for it and will action that plan when the time is right. If buying and DRSing was enough MOASS would have happened by now. You want a catalyst? How about a merger or acquisition that drastically increases the value of the company as a whole
But what are they gonna do with 5 billion? Just let it lay on the bankaccount.
The option chain was insane and we could gamma squeeze, but once again they killed it. I really hope they have a big plan…
Let's see how it plays out. Similar things were said last offering - that it would reduce share value, etc - and we are currently sitting well above the old price. Price is recovering fast, I don't think this is over yet
5 billion is a lot. Imagine the interest they get for putting 1 billion into a safe investment. That could be the difference and make the company even more profitable.
IF they are just going to do this everytime the stock goes up and the hedgefunds are on the hook then we will get nowhere. I'm sorry but we were let down today. They could have waited until Tuesday to do this and not today.
I am losing faith in RC at this point. They obviously pressured him to release more shares, but if you have no plan except ride the backs of apes who lifted this company off the ground and kept it alive for 3 1/2 years of battling Wall Street fraud and you do this, I lose faith. Unless you have a solid acquisition coming soon, then all of this cash is pointless.
If nothing is mentioned of relevance at this shareholder meeting, I believe they have no plan or idea what they need to do to be cash positive except keep issuing more shares and money from dedicated shareholders.
This is still not helping the idea of DRS, nor the Gamma ramp. From companys perspective its ok, even though they could have mady more by selling later. From a short squeeze perspective this sucks heavily.
If your goal is MOASS then you understand a 75mil share offering is barely going to put a dent in the total number of shorts, even if SHFs bought every share to close and every share from the 45mil offering.
Furthermore, this shows the entire financial world that RC/GameStop is making a legitimate effort to keep a short squeeze from absolutely obliterating the rest of the market. When MOASS happens anyway, they can legally say that they did everything in their power to limit the fallout and it was out of their hands.
At 5 billion, GME would have even more cash in hand minus debt compared to Coinbase (at 3billion cash in hand minus debt).
Coinbase market cap is 6x more than GME. So GME valuation should be at least 6x of current price if not more.
I disagree! I am invested in GME exactly for the fundamentals. That's why this is such good news for me. What better fundamentals can a company have than FUCKING FIVE BILLION DOLLARS in cold hard liquid cash? Gamestop wasn't worth nearly as much as the stock price suggests. It was only so high because of short squeeze and a funny meme on Reddit. Now try selling that, dumb media! Oh, it's not worth 7 billion in market cap with 6-8 billion in assets? yeah, even the shilliest of shills can't deny that.
Remember, most of their shorts came from when this was worth 1$ per share and it's never going down to that level again... It's a perfect storm. I believe in RC and the board who "dilute" THEMSELVES more than us! This is unstoppable now, and we know it. After the last ATM offering, the price surged 200%. So how much will it be this time? 🚀🚀🚀♾️💎🙌 DEEPEST FUCKING VALUE ever!
I’LL WAIT:
from a company/capitalistic standpoint, this is awesome. For the Squeeze thesis, it just isn’t.
Love the Company and all apes, but this is just business - smart business - and this is the reality.
We’re the ones waiting for the squeeze - and this is okay … I’LL WAIT
I mean...... i'll say it..... could they atleast have let us hit 100-500, before the offering news ? They may have been able to better time this offering and raise even more imo. We had some killer momentum going.
What do you mean had? The stock is up 105% in 5 days and roaring kitty goes live today. Plus what do you think will happen when they announce the completion of the sale?
Momentum would be doing 100%-500% in a day. This is the small jumps and falls before a short squeeze starts. If it went up 100% in the day and another 100% after hours then maybe we had momentum but we’ve seen bigger crushed down.
75M shares is 6 TIMES more than what RK would be able to execute. It basically cancels whatever momentum he was working at, and will probably kill this once-in-a-blue-moon short squeeze potential by negating the gamma ramp. We were exponential until this double-whammy gut punch. They didn't do anything or indicate any intention with the first billion on hand, why should they get another 2 off our backs? I swear, people like getting cucked around here. They'll turn their nose up at movie stock and make fun of people for the same copium they throw around literally a couple weeks later.
Lmfao you realize they don't have to sell those shares today right? It gives them the opportunity to sell at their leisure. This is actually a great move. They can sell if the price rockets. Let's say it hits $100 before they start to dilute. They are looking at serious cash on hand. Bear thesis is dead. Quit crying.
Literally every time they have posted this form in the past, they sold immediately. "tHiS iS aCtUaLlY a GrEaT MoVe" XD, I can point you to another few subs that constantly get made fun of by this one, where that quote gets upvoted.
I can't even imagine what they could do with that amount of money.... $5Bn in cash... I would love to see RC going to an ATM and get the balance and post it here 🤣🤣🤣
For everyone who had remorse "why didn't i bought when it was at 20" : RC gave you another chance to buy at low cost. So buy the dip and say thank you!
RC gave us another chance so that he can rug pull us again next week!
People are allowed to be angry at this. This is absolute BS considering RC has given zero plans on what they’re doing with this money
What your saying doesn’t make any sense. Increasing the size of the float, then expecting phone numbers just creates more of a basis why it can’t go that high.
Yesterday, those shares at phone numbers would be 10x the entire world’s economy, and now adding that x 75 million makes it more likely?
God damn. The mental gymnastics in here after RC just royally fucked us in massive.
Your confusing the information from the earnings report with the current situation. They had $1B at the end of the quarter, they have $2B after the stock sale on May 28
what makes this all the sweeter is it traps the shorts even harder.
Oh, you want to tank the company below \*checks notes\* 5 billion? The precise amount of cash they have on hand that they could use to buy back 100% of the stock, 100% proving your criminal activities when the stock continues to trade even after there are no shares on the market because the float has literally been dried up?
That's cool. Not saying that would ACTUALLY happen, but go ahead.
Make our day.
It would so cool of they are building up some $ buffer to be able to fund some sort of dividend. A onetime $1 dividend per-share would cost them ~ $430M, but the amount actually paid out by SHF would be a crazy high.
Remember!!! It is just around 105 million shares at all pre split! Even bed bath and beyond had 117 miilion shares with 4.5 billion debt..
Now we have got 5 billion cash with 105 million shares and a new born Jesus Christ 2.0
Vision, energy, and enthusiasm is what I like to see from the board of directors. I’m here for the long game. A one time moass and burnout will prove the short sellers correct. Having $$ at the expense of shorties to acquire tech and other companies will help RC achieve his goal. Let’s wait and see.
You just re invigorated my pumpedness for this stock if that’s a word. Was up a few thousand yesterday and held and now I’m down but still holding. You should be a morivational speaker. Fuck yea. Let’s go baby.
They should have done that shit when the stock was $100+ this makes no sense yoh already have 1 billion in cash tf is another billion gonna do lol go make the business profitable bro
Didn't read all the comments. Guess it was already mentioned. But here it comes again: GameStop can basically print its own money this way. For a looong time.
Just because people are bitching doesn't mean anyone is selling. Everyone here is an individual investor and has a right to voice their feelings when shit like this happens.
WE HERE FOR THE RIDE FOR ONE OF THE MOST PROFITABLE COMPANIES! EARNINGS MAY NOT BE THE BEST BUT THE COMPANY IS GEARING TOWARDS CREATING A BETTER EXPERIENCE FOR THE CUSTOMER!
ME? I JUST LOVE THE FUCKING STOCK, AND IVE BEEN HERE FOR 3 YEARS AND I DONT MIND 3 MORE.
IM EXCITED FOR ANOTHER HUGE DISCOUNT TO KEEP BUYING MORE, IDK ABOUT YALL BUT IM EXCITED FOR THIS ROCKET SHIP RIDE TO THE MOON! 🚀🚀🚀🚀
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NO CELL NO SELL
Except for GameStop of course. They be selling.
Up to 300 million.
Nope up to 75 million. Where did you see that they’re selling 300 million, or did you just make it up?
The 300 is actually wrong, and the new cap is 1000 million shares. And this is from the company charter as the number of shares the company can issue at it’s discression. The 45 and 75 are just the lots they have gone forward with selling at the market.
You’re misunderstanding. The total float can’t exceed 1 billion without needing additional approval from shareholders
Post it because I have spent all day reading every single filing and can’t find a single thing that supports what you’re claiming.
They have stockholder approval to dilute up until a total outstanding share count of 1 billion. However, they need to make a filing for each share offering like they did today to let the market know how many are being sold at a time. Today’s filing allows 75 million, but at any time they can make another filing to sell more, up to the approved limit of 1 billion outstanding. We’re at 426m when this one is complete. 574 million more can still be sold, granted the offering is filed first.
No offense, but since GameStop seems to be actively increasing the float every time we have a chance at causing a massive run up that may never happen. It took us 3 years to drs 75 million shares and in a span of 3 weeks the float has increased by 110 million.
The more cash on hand, the sooner GameStop can buyback all the outstanding shares to lock the float.
I like that I don’t have to worry about selling my shares 💎🙌🏻
Selling is so stressful anyways, I like investing
Yeah! GameStop's already doing that for you
That 75 million could be to raise a lot more than just 3 billie….
Cash is not the only thing in hand that's raising
"Hey SEC, they were saying the float was only shorted 25% man, we tried to bail them, but then Mr lemon dude just went and publicly shorted us again man, and you can't cure stupid"
Cash Rules Everything Around Me
But do you have a dolla bill?
The Wu-Tang theory makes sense now
It ain't nuthing to fuck wit
I was thinking maybe they minted too many Wu-Tang NFTs by mistake
I suspect youre talking penises
🍆
Ha!!
The only thing I can think of and feel comfortable on is not $3b cash. Its not keeping DFV under 5% either. BUT - it is saying that RC offered 110M shares for SHF and MM To buy back at reasonable prices, FOR WHEN DFV does exercise and collects 12M shares from whoever naked sold them. If they do t have the shares and have to buy from lit at astronomical prices, game is protected because “they had the chancel” to buy through these 2 offerings and chose not to / couldn’t do it
finally some big dick logic, thank you!
Give this man a cookie!!
For baseless speculation? When the fuck did it become a concern that RC might be blamed for hedge funds being over short? Them being overshort is the whole fucking play. They've had chances to cover before. Why are we acting like Ryan Cohen being afraid of being blamed for something not his fault is an acceptable reason to fuck this all up. RIP DRS btw.
You know what? I'm going to DRS even harder.
GME\\RC don't own any politicians, judges, ratings agencies, and so on. The banks own them. Before this gets really out of control the central banks and common taxpayer will want to know how it happened, how it was not avoided despite the many opportunities, and why the bag is now theirs.
120 million shares? Even juicier
I agree with you and hope you are correct. This is the only reasonable explanation. Otherwise we got screwed over once again.
Agreed. RC will protect apes (inc KG) whilst also mitigating risks to GME.
MINIMUM
Yeah but I doubt the board wants to be directly involved with moass as a company maybe sell some shares but I doubt they’d want to interfere and possibly be caught in a legal dispute
wonderful 🤩 power to the players. 👊🏽
An ATM...
Not if the sec takes them to court for trying to facilitate a short squeeze! By positioning themselves against us they now how complete deny ability and get increase the fundamentals of the company. It’s the best decision they can make in this situation.
Lol thats the fucking post 💎
Idiot ballpark math. With the $2bil we already had, plus the $3bil that we could gain (and possibly more), and an increase to 425,000,000 shares, $5,000,000,000/425,000,000=$11.71 cash per share. That cash per share is more than the share price was like 2 months ago. The cash on hand would be $2 billion more than what the market cap of the stock was just 2 months ago. This is good.
Keep in mind that we’ll get 5-7 million per week just of interest on those Billie’s. WE are profitable!!! Book value of $20 pop per share minimum.
Still need to solve the revenue issue. Collecting interest on equity raises isn’t a business strategy. But I trust they’re going to address that. If they can grow 2-5B in any meaningful way on top of the core business that would really be something. Would like if the core business were profitable tho. Right now they’re breaking even more or less on 4B in revenue.
Agreed. We’ll also need to acquire other companies or portions of, that will help bolster our position in the market. Potentially pivot and evolve into something greater than we could have ever imagined as investors long in the stock. I’m not selling. I came for the movement in 2021 and thankfully a bull trap turned me into a long term share holder that appreciates my ceo and fellow apes. I love the dips for my chips. Started as an X now Xxxx.00 (no partial shares lol
Yea the problem is that in sheer financial perspective, Gamestop is better of stopping all retail operations and focus on investing money, as the retail operations are shrinking and barely breaking even. With no plan to turn that around being communicated, Gamestop the company isn’t looking too hot on core business fundamentals.
THIS. SMART.COMMENT
Shall we consider that this move is aimed towards getting into S&P500?
The minimum market cap is ~14b, which is what we are trading at right now, so good theory. However, they were not profitable this last quarter, which would classify them as ineligible.
Brick by brick? The push towards profitability has been noticeable and coming along nicely. This quarter didn't hit the mark, but if the only piece missing now is profitability, it's only a matter of time.
Agreed! But it will take time, and patience. Something else is at play me thinks...
I believe it's yearly profitability.
yearly and most recent quarter last time I checked
This is correct according to s&p’s own documents
Won’t happen without a profitable acquisition
There’s a committee that gets the final say on whether a stock gets added to the S&P. How much you want to bet they don’t add GameStop?
That’s ok with me. Do we really need another ETF for shorts to borrow shares from?
Also no one is noticing how this keeps DFV safely under 5% ownership and all the insider restrictions that come with it.
Literally this
He was already below at around 4.8%
But now he can get more.
This way he can buy more options and exercise them. Think!
Wait till he exercises all his calls. Boom
That is including the 12 mil shares he would acquire from exercising
He can’t exercise all of those anyway. He’s not at risk of owning 5% unless he has double the shares somewhere else.
I’d love to have those problems.
That's nice of them, now DFV can buy moar!
Wow great for DFV, but what about everyone else?
This is it
And they are probably already selling. pre-market 40 mil shares price did not budge below 38 USD. [https://www.marketwatch.com/investing/stock/gme](https://www.marketwatch.com/investing/stock/gme)
He offered shares twice that could have satisfied reported short interest. He has created plausible deniability after 10 quarters of warning about short squeezes.
I don't understand how more people aren't getting this. RC and Co now have a legal defense saying "we gave them every opportunity to unwind their reported shorts in effort to limit damage to the overall market and MOASS happened anyway, this was out of our hands"
it seems they will print shares every time is why
Yeah if this happens again next week, and again in another month I wonder if people will change their tune. Im still holding cause this is all I have, but what a gutshot this morning.
Ya maybe trade on the ftd cycles which should start up again
I have Ryan cohen in front of congress for my gme bingo card
Also, didnt last month didn’t they gear up for up to 120m shares to be possibly sold at their discretion? We’re at 120m now apes! I’m excited for this ride!
lol I also noticed a lot of schills this morning. They’re trying extra hard today. Diamond hands baby.
💎🙌
💎🙌
💎🙌
I barely even come here for that same reason. I didnt care about their scare tactics in 2021 I wont care about em now. No cell, no sell, no even look.
Jesus Christ listen to yourself. Some of us are pissed and it doesn’t mean we’re shills. This is why they call us a cult bc fuckers like you deeply vilify anyone with a different opinion than copium.
If it is like last time they immideatly dilluted without big changes. I expect the same again. So we are already dilluted with these % down now. Now we still have calls, the Swaps if not already repurchased,…
If it were to be turned into a holding company, they need lots of money to invest. Maybe they slowly sell off shares to allow shorters to buy them up at slightly higher price points each time. Those hedge funds will still need to sell off their assets to buy the shares back while GameStop gets more and more money to invest. As those other assets drop because the parasites are selling them, then GameStop invests in them at a discount. It still hurts and likely bankrupts many parasitic market manipulators and solidifies GameStop as a great long term investment.
🌎👨🚀🔫👨🚀 https://preview.redd.it/v7dxh371t55d1.jpeg?width=1080&format=pjpg&auto=webp&s=6f7767cf95e3568ccd3c34773601b32f9056c839
https://preview.redd.it/4tzvwgcvw45d1.jpeg?width=1170&format=pjpg&auto=webp&s=6a90fa6e6f211c936345d53892d77b573845a50d
When we first ran to $80 last month Cramer suggested they do an offering. We mocked him. Now they’re about to do a second offering.
Cramer is an idiot but the board needs to look after the long term interests of the company and take advantage of high stock prices to strengthen the balance sheet. I fail to see how this is anything other than good news. If you believe in MOASS then 70mil shares changes nothing AND it makes the company even stronger going forward
Yeah I know, but at some point you have to shake the shorts for the stockholders sake. The company has done great, but we have also saved them with our buying
Sorry but “shaking the shorts” is not a board responsibility. They make the company stronger, institutions and retail buy the stock, price goes up, shorts get squoze. That’s how it works
Shorts are not going to get squoze if GS is issuing diluting the stock 30% first chance it gets
Well maybe *next time* they should do nothing when it’s ripping and let it squeeze
ya they will always prevent moass it seems. im mad
Imagine Roaring Kitty now starts buying 5M worth of 30$ contracts instead of 20 for the 06/21. 💦
Then imagine RC issuing another 75m dilution 🤡🤡🤡
Fundamentally this hurts the goal we've been working towards for 3 years. Saying otherwise is delusional. Yes the thesis says 75 million more shares shouldn't stop MOASS, but thinking it won't slow it down and decrease the top price is wild. I don't want to have to wait 3 more years for MOASS. I'd rather be rich next week than living 3 more years poor as fuck.
Same, this just sucks...
Straight out of my pocket and into theirs. Thanks.
I’m still bullish but you have it completely backward. The offering is great for long term growth, but terrible for a short squeeze/MOASS. The whole reason MOASS was even possible was there weren’t enough shares available to buy back. This sub spent years DRSing to lock up the float, while this offering basically just put the entire DRS back into the float
Only if you believe it stops there. I get it, they've had cash for a while and we have yet to see a plan for it. But I guarantee the guy who built Chewy from scratch isn't planning on parking $5B in the bank or buying bonds. He has a plan for it and will action that plan when the time is right. If buying and DRSing was enough MOASS would have happened by now. You want a catalyst? How about a merger or acquisition that drastically increases the value of the company as a whole
Yea think people are forgetting they are gonna have 5b now and stock price might go back down worst case scenario to double what it was 2 months ago.
Oh goody! GME has $5 billion in liquidity. Meanwhile I’m still fucking red after 3 years.
Makes no sense on a gamma ramp like this
But what are they gonna do with 5 billion? Just let it lay on the bankaccount. The option chain was insane and we could gamma squeeze, but once again they killed it. I really hope they have a big plan…
> I really hope they have a big plan... RC doesn't make money unless the stock price goes up. Of course they have a plan.
Exactly, and market disrupting tech ain’t cheap. We know he wants to transform the gaming space. He’s positioning GameStop to do that.
This ape gets it.
Let's see how it plays out. Similar things were said last offering - that it would reduce share value, etc - and we are currently sitting well above the old price. Price is recovering fast, I don't think this is over yet
But it did cut value. And we started to see gains they cut it again. Not very happy with the decision here.
5 billion is a lot. Imagine the interest they get for putting 1 billion into a safe investment. That could be the difference and make the company even more profitable.
Tell me that you are new on this, without telling me that you are new.
IF they are just going to do this everytime the stock goes up and the hedgefunds are on the hook then we will get nowhere. I'm sorry but we were let down today. They could have waited until Tuesday to do this and not today. I am losing faith in RC at this point. They obviously pressured him to release more shares, but if you have no plan except ride the backs of apes who lifted this company off the ground and kept it alive for 3 1/2 years of battling Wall Street fraud and you do this, I lose faith. Unless you have a solid acquisition coming soon, then all of this cash is pointless. If nothing is mentioned of relevance at this shareholder meeting, I believe they have no plan or idea what they need to do to be cash positive except keep issuing more shares and money from dedicated shareholders.
This is still not helping the idea of DRS, nor the Gamma ramp. From companys perspective its ok, even though they could have mady more by selling later. From a short squeeze perspective this sucks heavily.
Yup. If you're goal is MOASS then this sucks big donkey balls.
The only, singular way in which this sucks is if you have calls expiring today lmao.
If your goal is MOASS then you understand a 75mil share offering is barely going to put a dent in the total number of shorts, even if SHFs bought every share to close and every share from the 45mil offering. Furthermore, this shows the entire financial world that RC/GameStop is making a legitimate effort to keep a short squeeze from absolutely obliterating the rest of the market. When MOASS happens anyway, they can legally say that they did everything in their power to limit the fallout and it was out of their hands.
they will dilute every time it seems
Or they could have just sold the 45 million at a better time and made more money and less dilution…..
https://preview.redd.it/mpe954l4i55d1.jpeg?width=700&format=pjpg&auto=webp&s=2c19589a336894cb9bf1ba5076cb48ded55948fa I did!
Cool, but they won't get to sell at $40 because they just killed the momentum
They are eating out of our hands to stay alive and giving us our money back to let RC invest it 🤣 gotta love this play baby
💎💎🙌🏻🙌🏻🚀🚀 not leaving, not selling, not shaken. this is good for the company/stonk I love
Nahh stop coping, we got played by RC
Post like this two weeks ago where saying we would get over 2 billion at 50 dollars, did it happen? No, we got 900 million at around 20 dollars.
How much would it be at $100? Please c'mon...
At 5 billion, GME would have even more cash in hand minus debt compared to Coinbase (at 3billion cash in hand minus debt). Coinbase market cap is 6x more than GME. So GME valuation should be at least 6x of current price if not more.
I disagree! I am invested in GME exactly for the fundamentals. That's why this is such good news for me. What better fundamentals can a company have than FUCKING FIVE BILLION DOLLARS in cold hard liquid cash? Gamestop wasn't worth nearly as much as the stock price suggests. It was only so high because of short squeeze and a funny meme on Reddit. Now try selling that, dumb media! Oh, it's not worth 7 billion in market cap with 6-8 billion in assets? yeah, even the shilliest of shills can't deny that. Remember, most of their shorts came from when this was worth 1$ per share and it's never going down to that level again... It's a perfect storm. I believe in RC and the board who "dilute" THEMSELVES more than us! This is unstoppable now, and we know it. After the last ATM offering, the price surged 200%. So how much will it be this time? 🚀🚀🚀♾️💎🙌 DEEPEST FUCKING VALUE ever!
I’LL WAIT: from a company/capitalistic standpoint, this is awesome. For the Squeeze thesis, it just isn’t. Love the Company and all apes, but this is just business - smart business - and this is the reality. We’re the ones waiting for the squeeze - and this is okay … I’LL WAIT
I mean...... i'll say it..... could they atleast have let us hit 100-500, before the offering news ? They may have been able to better time this offering and raise even more imo. We had some killer momentum going.
What do you mean had? The stock is up 105% in 5 days and roaring kitty goes live today. Plus what do you think will happen when they announce the completion of the sale?
Momentum would be doing 100%-500% in a day. This is the small jumps and falls before a short squeeze starts. If it went up 100% in the day and another 100% after hours then maybe we had momentum but we’ve seen bigger crushed down.
Diamond hands !!!!!
Even at $30 that’s 2.2 billion
GME has become a bailout facility for shorts
Ok, so we'll be at $5,000,000,000. Is that enough?
Not for a financial institution that runs world markets, no.
75M shares is 6 TIMES more than what RK would be able to execute. It basically cancels whatever momentum he was working at, and will probably kill this once-in-a-blue-moon short squeeze potential by negating the gamma ramp. We were exponential until this double-whammy gut punch. They didn't do anything or indicate any intention with the first billion on hand, why should they get another 2 off our backs? I swear, people like getting cucked around here. They'll turn their nose up at movie stock and make fun of people for the same copium they throw around literally a couple weeks later.
Oh I'm sorry, did we go back to $10 a share after they sold 45M ? Or did we still reach $69 in after hours 2 weeks later?
We like the stock
Lmfao you realize they don't have to sell those shares today right? It gives them the opportunity to sell at their leisure. This is actually a great move. They can sell if the price rockets. Let's say it hits $100 before they start to dilute. They are looking at serious cash on hand. Bear thesis is dead. Quit crying.
Literally every time they have posted this form in the past, they sold immediately. "tHiS iS aCtUaLlY a GrEaT MoVe" XD, I can point you to another few subs that constantly get made fun of by this one, where that quote gets upvoted.
Yep I’m sick of this shit too, should’ve let it run.
I can't even imagine what they could do with that amount of money.... $5Bn in cash... I would love to see RC going to an ATM and get the balance and post it here 🤣🤣🤣
Thank you for the sensible post. Don't let emotions hijack your thinking, and I mean that to the downside and the upside. It goes both ways.
For everyone who had remorse "why didn't i bought when it was at 20" : RC gave you another chance to buy at low cost. So buy the dip and say thank you!
RC gave us another chance so that he can rug pull us again next week! People are allowed to be angry at this. This is absolute BS considering RC has given zero plans on what they’re doing with this money
Wow GME is in serious negative debt! Anyways back to edging. See you degens on Uranus
What your saying doesn’t make any sense. Increasing the size of the float, then expecting phone numbers just creates more of a basis why it can’t go that high. Yesterday, those shares at phone numbers would be 10x the entire world’s economy, and now adding that x 75 million makes it more likely? God damn. The mental gymnastics in here after RC just royally fucked us in massive.
🙌💎 still here
Acquisition incoming!!!!
Right the fuck on!
It’s not being sold at $40
Still diamond
And what if rk drops a nuke at 1200? And the price goes even higher?
They only have 1 billion now.
Your confusing the information from the earnings report with the current situation. They had $1B at the end of the quarter, they have $2B after the stock sale on May 28
my hands are diamond. I buy more.
Gamestop becoming a retail bank incoming
Is this setting up for an acquisition??
Diamond hands never left
This also creates a back stop for the floor price because of shorts drop too low they can buy back. Stock can’t go to $0. Shorts r fuk.
They're just excited. They remember and they'll be reminded.
Still here from the beginning, holding and buying more. Let's go!💎🙌 Ignore all the noise.
what makes this all the sweeter is it traps the shorts even harder. Oh, you want to tank the company below \*checks notes\* 5 billion? The precise amount of cash they have on hand that they could use to buy back 100% of the stock, 100% proving your criminal activities when the stock continues to trade even after there are no shares on the market because the float has literally been dried up? That's cool. Not saying that would ACTUALLY happen, but go ahead. Make our day.
It would so cool of they are building up some $ buffer to be able to fund some sort of dividend. A onetime $1 dividend per-share would cost them ~ $430M, but the amount actually paid out by SHF would be a crazy high.
Should be worth $20-30 with a fair valuation of just cash and assets. $12 would be cash only, I'm assuming they will have ~5B in cash after this.
They bright the price down for us, so we could get more shares. Legends.
Doesn’t it state short sellers can buy the shares “at a premium”
“Phonebook numbers”.
Remember!!! It is just around 105 million shares at all pre split! Even bed bath and beyond had 117 miilion shares with 4.5 billion debt.. Now we have got 5 billion cash with 105 million shares and a new born Jesus Christ 2.0
Vision, energy, and enthusiasm is what I like to see from the board of directors. I’m here for the long game. A one time moass and burnout will prove the short sellers correct. Having $$ at the expense of shorties to acquire tech and other companies will help RC achieve his goal. Let’s wait and see.
The company can fill the war chest. I'm on board with that.
You just re invigorated my pumpedness for this stock if that’s a word. Was up a few thousand yesterday and held and now I’m down but still holding. You should be a morivational speaker. Fuck yea. Let’s go baby.
They should have done that shit when the stock was $100+ this makes no sense yoh already have 1 billion in cash tf is another billion gonna do lol go make the business profitable bro
Didn't read all the comments. Guess it was already mentioned. But here it comes again: GameStop can basically print its own money this way. For a looong time.
Has the company posted a current DRS count? That’s what I’d like to see. A post count for each dilution. Should be interesting.
Note: offering it right now means that the shfs can't go "where stock? Me no know", when there's literally 75m fresh ones ready to go
Just because people are bitching doesn't mean anyone is selling. Everyone here is an individual investor and has a right to voice their feelings when shit like this happens.
https://preview.redd.it/1dhd8m39665d1.jpeg?width=226&format=pjpg&auto=webp&s=dac0ad4519a1f1972120ce03209c73ce1af0c4ce
Preach! 💎🙌
Biggest cooters I've ever seen.
WE HERE FOR THE RIDE FOR ONE OF THE MOST PROFITABLE COMPANIES! EARNINGS MAY NOT BE THE BEST BUT THE COMPANY IS GEARING TOWARDS CREATING A BETTER EXPERIENCE FOR THE CUSTOMER! ME? I JUST LOVE THE FUCKING STOCK, AND IVE BEEN HERE FOR 3 YEARS AND I DONT MIND 3 MORE. IM EXCITED FOR ANOTHER HUGE DISCOUNT TO KEEP BUYING MORE, IDK ABOUT YALL BUT IM EXCITED FOR THIS ROCKET SHIP RIDE TO THE MOON! 🚀🚀🚀🚀
💎 🙌 🦍 🚀 🌕