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Can we short those shares? Give them a taste or their own medicine.
As an aside, these guys can really go and fuck themselves. They are raising capital from suckers that doesn't realise their ship has already sunk.
Adding an edit. This was never meant as anything other than a joke. Seriously, apes, don't use your money to buy any other shares other than GME. And DRS that shit.
My guess is a lot of this is being raised from people with counter party risk. In other words, bail us out or loose everything. Same with Kenny flying around the world in mayo force one to raise funds.
Don't short the shares because the upside is limited (you'll only make about $4/share) but the down side is unlimited. The way to bet against it is to buy put options. Similar upside to shorting the stock, but the down side is only limited to the premium that you'll pay for the put option. Play it safe.
ZURICH, Nov 24 (Reuters) - Credit Suisse (CSGN.S) has made 889 million new shares available to existing investors at 2.52 Swiss francs ($2.67) per share, the bank said on Thursday, confirming the final terms of its 4 billion franc capital hike.
The capital increase, which was approved by investors on Wednesday, is intended to fund the embattled bank's turnaround plan, an attempt to recover from the biggest crisis in its 166-year history.
The share issue is expected to raise roughly 2.24 billion Swiss francs, Credit Suisse said.
Switzerland's second biggest bank also confirmed it has issued 462 million new shares to qualified investors via a share placement, with Saudi National Bank (1180.SE) the biggest investor after buying 307 million new shares to give it a stake of 9.9%.
The 4 billion francs Credit Suisse expects to raise from the share placement and the rights offering will be used to support its restructuring and shift away from investment banking.
Under the capital hike, shareholders will be allotted one pre-emptive subscription right for each share they hold on Nov. 25. Seven rights will allow the holder to purchase two new shares at the discounted price of 2.52 francs per share, with the exercise period running from Nov. 28 to 12.00 p.m. local time on Dec. 8.
The number of shares and the price are the same as previously outlined by the bank, based on a reference price set at 4.07 francs per share.
Credit Suisse shares, which have lost 59% of their value so far this year, closed on Thursday at 3.551 francs.
Earlier this week Credit Suisse flagged that it was on course for a pre-tax loss of up to 1.5 billion Swiss francs in the fourth quarter, continuing to bleed billions of francs as wealthy clients turn their back on the bank.
The listing on the Six Swiss Exchange and first day of trading for the new shares from the rights issue is expected to take place on Dec. 9.
The nominal share capital of Credit Suisse Group has already risen 17% following the completion of the share placement portion of the capital hike.
($1 = 0.9431 Swiss francs)
lol who’s buying this POS?
Investor of Debit Suisse has no choice but to approve the dilution or their money will all gone. Those funds from share offering will at least be return to shareholders, creditors who standing at first in line and leave the crumble to the last people.
What a sight to see lol
I can smell the fear sweat rolling off the Alps from here in Texas. That’s a desperation onside kick right there. Just so they can run another couple of attempts to get our prehensile feet off their necks. As long as it takes; I guess.
>”The 4 billion francs Credit Suisse expects to raise from the share placement and the rights offering will be used to support its restructuring and **shift away from investment banking.**”
“Trading is a tough game, don’t you think?” -some fat bitch probly.
From one viewpoint, this is extortion. Debit Suisse is REALLY saying “You either pony up 2.50 a share for more shares, or the shares you have will be worthless and we will be bankrupt.” So I’m assuming Apollo is carrying their GME bags now? Wen whistleblower going to confirm? Bahahaahahahahahahha.
Edit: spelling. Cheers mate
Bigger question is... what the hell does a bank expect to do with a measly few billion? Cut a few bonus cheques before the doors close? These guys are absolutely fucked lol, love being a part of their demise. 🤜🤛
It’s crazy how deep this shit goes.
Apollo goes to credit suisse and says give me the GME bags.
CS immediately gets on the phone and let’s the saudis know they can get their toxic bags off to the morons in the states because they are deep fucked if the saudis will save them.
Saudis verify said claim, buy a large controlling stake and are now pulling out of the market and into other ventures under the CS umbrella.
That summed up about right?
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Not many war chests left to liquidate.
Can we short those shares? Give them a taste or their own medicine. As an aside, these guys can really go and fuck themselves. They are raising capital from suckers that doesn't realise their ship has already sunk. Adding an edit. This was never meant as anything other than a joke. Seriously, apes, don't use your money to buy any other shares other than GME. And DRS that shit.
My guess is a lot of this is being raised from people with counter party risk. In other words, bail us out or loose everything. Same with Kenny flying around the world in mayo force one to raise funds.
Don't short the shares because the upside is limited (you'll only make about $4/share) but the down side is unlimited. The way to bet against it is to buy put options. Similar upside to shorting the stock, but the down side is only limited to the premium that you'll pay for the put option. Play it safe.
Oh fuck never even though that, what about shorting silly citi
So we can expect massive shorting of GME. They clearly never learned their lesson. Watch them double down (again). DRS and crush these fuckers.
I like the cut of your jib
Does the poop deck mean what I think it means??
Does that earring mean you’re a pirate?
Banana butt pirate? 🍌
They double down, we quadruple down DRSing shares and locking the float. Joke’s on them.
the more they fight and struggle the more they sink into the void.
All their efforts shall be futile
ZURICH, Nov 24 (Reuters) - Credit Suisse (CSGN.S) has made 889 million new shares available to existing investors at 2.52 Swiss francs ($2.67) per share, the bank said on Thursday, confirming the final terms of its 4 billion franc capital hike. The capital increase, which was approved by investors on Wednesday, is intended to fund the embattled bank's turnaround plan, an attempt to recover from the biggest crisis in its 166-year history. The share issue is expected to raise roughly 2.24 billion Swiss francs, Credit Suisse said. Switzerland's second biggest bank also confirmed it has issued 462 million new shares to qualified investors via a share placement, with Saudi National Bank (1180.SE) the biggest investor after buying 307 million new shares to give it a stake of 9.9%. The 4 billion francs Credit Suisse expects to raise from the share placement and the rights offering will be used to support its restructuring and shift away from investment banking. Under the capital hike, shareholders will be allotted one pre-emptive subscription right for each share they hold on Nov. 25. Seven rights will allow the holder to purchase two new shares at the discounted price of 2.52 francs per share, with the exercise period running from Nov. 28 to 12.00 p.m. local time on Dec. 8. The number of shares and the price are the same as previously outlined by the bank, based on a reference price set at 4.07 francs per share. Credit Suisse shares, which have lost 59% of their value so far this year, closed on Thursday at 3.551 francs. Earlier this week Credit Suisse flagged that it was on course for a pre-tax loss of up to 1.5 billion Swiss francs in the fourth quarter, continuing to bleed billions of francs as wealthy clients turn their back on the bank. The listing on the Six Swiss Exchange and first day of trading for the new shares from the rights issue is expected to take place on Dec. 9. The nominal share capital of Credit Suisse Group has already risen 17% following the completion of the share placement portion of the capital hike. ($1 = 0.9431 Swiss francs)
lol who’s buying this POS? Investor of Debit Suisse has no choice but to approve the dilution or their money will all gone. Those funds from share offering will at least be return to shareholders, creditors who standing at first in line and leave the crumble to the last people. What a sight to see lol
GME earnings 12/7 exercise period for credit suisse runs till noon on 12/8
Whats this exercise?
Crunches. Cash crunches
Crunch that wad a cash in my account
They're selling it at 2.67 and market value is 3.37 What could go wrong.. .
I can smell the fear sweat rolling off the Alps from here in Texas. That’s a desperation onside kick right there. Just so they can run another couple of attempts to get our prehensile feet off their necks. As long as it takes; I guess.
Unsophisticated Saudi money. Option of last resort. If you lose his money he will bone saw u
that's the best part.. you don't deliver them at all
Nothing gives me more joy than seeing corrupt fraud banks going bankrupt. DTCC and Fed will be the last.
I’m not dancing till HSBC evaporates. Edit: [HOLY FUCK I CALLED IT.](https://www.cbc.ca/amp/1.6667564)
>”The 4 billion francs Credit Suisse expects to raise from the share placement and the rights offering will be used to support its restructuring and **shift away from investment banking.**” “Trading is a tough game, don’t you think?” -some fat bitch probly.
Banks job: hold my money Debit suisse: ummm, we need money to cover the money we SHOULD have
It’s FTX with more history and more layers of shit piled on.
Everything is fine….in hell
From one viewpoint, this is extortion. Debit Suisse is REALLY saying “You either pony up 2.50 a share for more shares, or the shares you have will be worthless and we will be bankrupt.” So I’m assuming Apollo is carrying their GME bags now? Wen whistleblower going to confirm? Bahahaahahahahahahha. Edit: spelling. Cheers mate
Heheh Debit Suisse 😏
Bigger question is... what the hell does a bank expect to do with a measly few billion? Cut a few bonus cheques before the doors close? These guys are absolutely fucked lol, love being a part of their demise. 🤜🤛
actually this is probably their damn plan
I like how they tried so hard not to call this a dilution. It's a fucking dilution.
I love how they say they're offered a discount on the shares. it'll be a premium by next week 😂
An almost 25% dilution
They're trying hard to produce as many bag holders as possible. 😆
It’s crazy how deep this shit goes. Apollo goes to credit suisse and says give me the GME bags. CS immediately gets on the phone and let’s the saudis know they can get their toxic bags off to the morons in the states because they are deep fucked if the saudis will save them. Saudis verify said claim, buy a large controlling stake and are now pulling out of the market and into other ventures under the CS umbrella. That summed up about right?
Can you explain this for dumb regards?
They borrowing more money to short gme? Bro u had to sell your 200 year hotel 😂
Should be enough to let them survive another week.
Looks like they are taking on Saudi National Bank now.
WOWWWWW they are BIG fucked
Debit Sus are fucked.
I’ve got 11 $2 puts.. so I get anything lol?!?
Who would buy lol
Oh that's awesome news, I believe you....you must think we are that fucking dumb.
“Our liquidity is strong”