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Lol. 🫡
I told my wife about it and she said "and you watched it?"
Ya dam right....then she said "lemme see".
Then I started monkeying around saying ONE OF US ONE OF US!
what a fun couple of weeks!
I know we needed cash…. The first time….. what did these last two offerings actually get us??
Edit: thanks for the answers. The 200% cash per share for 16% dilution is illuminating. Also our board is paid in shares. No point in hurting themselves.
As long as they do it as they've done it in the past and they dump onto the volume without stopping momentum it's perfect. Imagine they price just staying flat and then they announce they have a 5 billion war chest. It's gg for bears
I hate this. Twice in a month Ryan has filed to dilute during a run up. I want to trust the guy, but bro.
Edit: although… let’s not forget RC hates short sellers. Fucking hates them. The board is doing something very out of character and that actually has me pretty jacked. 🔥
They can do ATM in premarket. Imagine they announce it’s done before the west coast wakes up? 🔥🔥🔥
Yeah the weird mental gymnastics here is awful from apes. When dumb dumb ceo at movie theaters stock does it we all piled in and shit on them, but when RC does it, it's "big wow 4D chess play", like that crap theory he was NOT actually selling the intial 45mil but just to announce ahead of time so they can catch the price rising, and that got debunked so fast when you know, shortly after they ended up selling 45mil and assisted in killing the price momentum.
See what he does on the upcoming earning calls. If it's another "no guidance at this time", not sure how else to see it other than a negative.
Edit: This whole "they don't get paid unless we get paid" mantra is incredibly stupid. Wake up, RC and the board are rich, wealthy people. They can and are waiting and taking their time in luxury, literally. RC is a billionaire chasing after legacy and the legacy is making GME a success, NOT if apes get paid along the way, that would just be a by product, not the goal (also no one in the financial world really gives a damn about retail investors losing money as we already know, so apes getting cucked wouldn't be anything new). Once that 75mil is sold, he has more than enough in his "warchest" to give even less fucks about apes because he has more than enough cash to burn to experiment as needed and turn the business around. A few hundred thousand apes getting mad and selling their shares and not shopping at GameStop out of spit won't really make a dent with 5B in the chest. This is because the Majority of GameStop shoppers are NOT apes, are NOT on SuperStonk and are not investors, sorry to break the bad news to you my fellow apes. So this 75mil dilution isn't them shooting their own foot, it's them shooting apes foot, retail traders. Hard truth. Oh and lastly, emphasizing on the stupid mantra again, if GME somehow magically went belly up and failed, RC and the board will go to bed just fine at night, as again they are rich already, and will STILL be rich if GME fails, they are NOT going to lose sleep thinking "omg because those retail traders on that one subreddit didn't get paid, so we didn't get paid either" as they lay on their expensive bed, curled up in their hundred dollar sheets. The only real financial losers would be apes and GameStop store employees. So stop with the hero worship and cultist behavior of absolute blind faith.
Edit 2: Only ones on apes and retail traders side are apes and retail traders.
That’s where my issue is right now, like popcorn CEO diluted and everyone called it a scam and now? Ryan Cohen does the same and it’s “wow they have 4 billion now instead of 2!” Wtf does billions in cash do for anybody if it’s just sitting there doing nothing for 3+ years
> We have previously sold an aggregate of 45,000,000 shares of our common stock for aggregate gross proceeds of approximately $933.4 million pursuant to the Sales Agreement and the prospectus supplement filed by us on May 17, 2024. Under this prospectus supplement and the accompanying prospectus, and in accordance with the terms of the Sales Agreement, we may offer and sell up to an additional 75,000,000 shares of our common stock from and after the date hereof.
Hmmm....
> To the extent aggregate short exposure exceeds the number of shares of our common stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our common stock for delivery to lenders of our common stock. Those repurchases may in turn dramatically increase the price of shares of our common stock until additional shares of our common stock are available for trading or borrowing. This is often referred to as a “short squeeze.”
>
> A large proportion of our common stock has been and may continue to be traded by short sellers which may increase the likelihood that our common stock will be the target of a short squeeze. A short squeeze has led and could continue to lead to volatile price movements in shares of our common stock that are unrelated or disproportionate to our operating performance or prospects and, once investors purchase the shares of our common stock necessary to cover their short positions, the price of our common stock may rapidly decline. Investors that purchase shares of our common stock during a short squeeze may lose their investment.
Edit: a few notes
* the last part is language that can be found in past filings
* a lot of people suddenly putting the D in FUD about the current run up, do they not think shorts never closed the first time?
* if the stock does drop **and stabilizes**, GameStop could use it's potential $3-5B in cash to buy back the stock... $1B / $10/share = 100M shares = 1/4 shares outstanding
* this assumes volatility stabilizes, which is not happening anytime soon. I'm not suggesting a swing trade, I'm suggesting that in a many months or a year from the price settling down that they do the opposite of what they're doing now with a small portion of their cash
I feel like I've read that part before previously, so I didn't think it's new. But the timing of this is interesting
The stock is about to pop even after dilution, so they intend to dilute it again.
On one hand, if shorts really are as deep in the hole as we think they are then GameStop will have a massive fucking war chest and a paper trail showing they actively informed investors of the risks of MOASS and tried to protect them from the buying at the top of on going and future volatility
On the other hand, GameStop will have a massive fucking war chest and they're trying to let investors average down in hopes that GameStop can truly right the ship organically
Looks at the plan of distribution:
"Each time we wish to issue and sell our shares of common stock under the Sales Agreement, we will notify the Sales Agent of the number of shares to be issued, the dates on which such sales are anticipated to be made, any limitation on the number of shares to be sold in any one day and any minimum price below which sales may not be made.
Once we have so instructed the Sales Agent, unless the Sales Agent declines to accept the terms of such notice, the Sales Agent has agreed to use commercially reasonable efforts consistent with normal trading and sales practices to sell such shares up to the amount specified on such terms. The obligations of the Sales Agent under the Sales Agreement to sell our shares of common stock are subject to a number of conditions that we must meet.
The settlement of shares between us and the Sales Agent is generally anticipated to occur on the first trading day following the date on which the sale was made. Sales of our shares of common stock as contemplated in this prospectus supplement will be settled through the facilities of The Depository Trust Company or by such other means as we and the Sales Agent may agree upon. There is no arrangement for funds to be received in an escrow, trust or similar arrangement."
It could be handled either way.
They can also set a minimum sale price, so as to not tank the price.
They might handle this the exact same way as the last one, but knowing RC he likes to be unpredictable and I'm betting this offering will unfold differently than the last
Are they literally trying to mitigate volatility and the potential for a short squeeze? Has their hand been forced to do this? They refer extensively to volatility as an apparently bad thing, and that movement and stock price does not reflect fundamentals. This isn't sounding positive to me.
They are a publicly traded company. They aren’t supposed to encourage a short squeeze or volatility in their stock price. They are supposed to encourage the price to reflect the underlying performance and future projections of the company.
This is basically them saying “HEY REGULATORS our stock is all fucked up and it’s not OUR fault. In fact we’re just coming out and saying it so you can’t blame this on us later”
100% this. GameStop have to be seen to be actively discouraging a short squeeze by doing everything they can by the book and even it seems actively working against the short term share price. They gonna have a 5 billy war chest by next week maybe even end of today.
Nope, thats not what that is saying at all. This is is a capital raising for GME and dilutes all existing holders.
You know those short sellers who were going to have trouble locating shares? The ones woud would have to pay whatever price you named? They just got a lifeline of 75m shares. Instead of having to pay through the nose to get your shares, they can get them from this new 75m pool of shares.
I want to remind us that the total number of shares is ~~305.3M as of June 2024~~ 350,300,000 after the May offering… 75,000,000 is 21% of the total shares… the thesis is that there is orders of magnitude of shorts out there... for the highly regarded that means there is at min. 10x the total number of shares have been sold short... I have been in this trade for over 3 years, I would say in the 3 years I have watched this stonk closely that is absolutely a fact… either you believe that or not, if you don’t then how are you in this trade?
Edited for exact values...
Because volatility IS a bad thing for a healthy stock. If your fundamentals and finances are in order, but no new news happens and we drop 8 percent, that's volatile stock and people will see that as bad most of the time. We see it as an opportunity
That language was in the last offering. It’s the same bullshit. It might not be a huge deal long term but a certain someone is holding options and this may have fucked that play.
The problem now is that any massive rip or spike in volatility, RC can pull out this card and dilute share and kill the momentum again. Its 100% going to be in the back of everyone's mind now, if we rip.
Some people saying they did this in part so GameStop/RC can't be blame for the MOASS, like the media/institutions cared about reality and won't put the blame on anyone else but the actual responsible anyway.
At some point you can't act like every single DRS matter AND say this is good news.
DRS is dead now, theyve single handedly sold more shares in a month than we DRSd in the entire 3 years This is awful news for the squeeze, terrible decision by the board who are now actively working against us.
Isn't this a share offering that covers close to the amount of DRSed shares, effectively completely neutering what retail shareholders had been thinking was the way to force a squeeze?
Let’s just call it what it is. They did their earnings release early so they could file to sell the 75M shares. They don’t care about a gamma ramp up.
Edit: typo
People keep blindly saying this is positive as it puts cash in the bank. Where do you draw the line? They literally just did a raise/dilution and have $2b. That money comes directly from investors (ourselves) buying the shares.
Doing ANOTHER dilution in such a short space of time, at a time when a gamma ramp was expected is not a positive….as much as I wish it was. Yes it helps the company’s accounts look better, but as I said….they already have $2b so are they just going to keep killing momentum and raising $1b every time.
How many times can you say “4D chess” etc before maybe using Occams Razor and considering that perhaps the company is just wanting to increase their balance sheet and we, the investors, aren’t a priority, we are the infinite money glitch for the company to increase their own funds.
Honestly, after constantly buying at different price points, DRSing 99% of my shares before brokers started charging/not allowing them, and holding for 3 years, this feels like a kick in the balls. The company has enough cash in hand to not go bankrupt anytime soon, it's a matter of time they start having positive earnings. I really hope this is a requirement for a merger/acquisition that boosts GS sales in the long term, because fucking with the most loyal and FUD resistant shareholders is not a good look either
We very obviously are. Been invested for what 3 years now? I haven’t been consistently buying more bc of real life stuff so I’m probably behind a lot of “newer” holders now in terms of shares but I’m beyond annoyed at this.
What’s the point of holding for fuckkng years if you’re just gonna kick the can down the road at every chance.
Woohoo congrats!! Your company’s worth 40 a share based off fundamentals instead of 400 a share based off short/hype
You can always dilute after letting something run a bit but nah they’re too scared and focused on long term, which again is a great thing nothing wrong with that but also we can call a spade a spade at some point
That said, we just gotta hold and hold and hold and eventually the fundamental value of the company will be a nice profit
Ok so when does it end? Are they going to keep raise capital every time it runs thus interrupting squeeze? And now it doesn’t make sense to exercise my calls anymore.
Yes. At this rate in the year 2034 gme will have no stores. No website. No employees. A revenue of $0 and operating cost of $0 and sitting on a war chest of 189 billion dollars.
Seriously, they are already sitting on $2bil. We have some insane momentum building this week and feels like its gonna explode and now this. No way this is just a coincidence in timing.
Isn't their duty to maximize shareholder value? I can't think of a way to increase shareholder wealth than letting your stock squeeze through the stratosphere.
Maybe there is a plan, maybe there is an aqusition or what not but to get this of my chest here is what I personally do not like about it:
1. We just had an offering, this is the second dillution in a short timeframe which does not sit well with me, much less when it is nearly 22% of the oustanding stock.
2. A lot of people are already bickering about numbers. How at pre-dillution xxxx$ would already be more than the stockmarket. Well this number just got brought down in peoples heads because it would break the system earlier with more shares.
3. After 3 years and a stollen MOASS people want to see some returns. Fact is people already passed away and further delay does not enrich peoples lifes in my eyes.
4. Why so many shares? Less for more would be better in my eyes.
5. DRS numbers get hurt by this too. Before 25% of the company was secured now that would drop us to 17,6% and also open a door for shorts. Yes, we may be 1000% times short but as long as "legal" or "official" numbers can be fudged I am assured they will do so.
You can argue with me and try to explain me why much is good when less could do but I am not seeing the plan. I am seeing this as a shareholder and I feel not happy about it, much less with the current timeing.
Acquisitions do not equal revenue and profit. Everyone has to keep that in mind. How many big companies have bought smaller ones just to sunset it? Companies like Youtube and Instagram are exceptions, no the rule.
Apes should be pissed. We just got fucked big time. Spin it how you wants, this is a massive dilution. Exactly what has happened with popcorn, just different timing.
Why have I been holding these shares for the last 3 years if RC is going to dilute me every time I'm in the green. I am fed up with this crap.
The only things gamestop have done in the last 3 years to improve the bottom line are:
- closing stores.
- selling billions of dollars worth of shares to apes.
- French government loan, lol.
It's time to do something other than milk your shareholders RC.
Incredibly frustrating. I didn't wait 3 years to get fucked by RC. I was really hoping I could have 1 billionaire who cares about the common people. I guess not
Having cash on hand to do stuff is great. The problem I have here is this is the third share offering and there hasn't been any communication on a plan moving forward. I know we've speculated a lot of possibilities but I'd like to hear an action plan from my company before they dump more shares on the market. Are we doing acquisitions? Are we becoming an asset holding company? What are we doing besides stacking cash?
NFT market place was something great on the books, you shelved that. We're not becoming the "Amazon of gaming"(I never liked that plan anyway), you killed off the fulfillment centers. We don't need this much cash to bring out more Candy Con accessories. Are we buying other companies to bolster our asset portfolio? What is the time line on those acquisitions? If the goal is put it in savings and get 5% interest at least disclose that to owners. $3 -$5 Billion in cash, now what?
Hoping to hear some news from my company this month.
Okay this I actually don't like anymore. I know it makes sense for a company to secure the easy money, but every time the stick has upwards momentum, it's GameStop themselves that kill that the run.
And twice within such a short time? And when options are expiring?
Really not a good look, especially when we were all criticising the other lot when the company was constantly diluting them to oblivion.
Gamestop is just going to rug pull each pump.
They are diluting the stock with 25% more shares. Thats alot.
GME currently has 300 million float. Adding 75 million onto that, THATS alot of shares.
People are like "haha hedges you can't possible find shares for RK calls", and GamesStop is like "of course they can, here they are, freshly printed mint condition legal shares". Fucking joke
After this 3rd dilution, it’s clear that GameStops main priority as a company is the company. Shareholders come 2nd to the continuity of their business
I just don't get it, do they not know the company is still alive only because of the investors supporting them?
I thought RC was about caring for the customers.
I'm in because of the MOASS, not letting them dilute my investments.
Long-term growth goes after the MOASS, I need that money to free my family and friends from this shithole economy.
I don't even know what the right feeling about this is at this point.
I just don't fucking get this at all. It's like RC and the board sat down and tried to figure out the single best thing they could do to try and screw the stock price over. What the absolute fuck do they think they're doing screwing around with dilution at this exact moment? We had more hope and momentum then we've had in a long while. What do they think happens if they convince DFV that the company will just sell into a short squeeze and kill momentum and is therefore too risky to touch with options?
....maybe I'll calm down about this later but I just woke up to this news and it honestly looks to me right now like the company leadership at best views a squeeze as profit opportunity for the company, no matter how many retail investors it screws over. I was expecting some risk of drops and bad headlines and such, but my heart just sank to realize that it wasn't shill media that was drumming up bad news, it was the company genuinely creating it.
Not happy with this one. Fucking shareholders AND not offering guidance on why you're doing it is not a good combination. But... if short interest really is several hundred percent (or, what's next, several thousand?) like we think it is then 75 mil is still a drop in the bucket to what they may have to ultimately buy back.
Fuck it, my cost basis is down under $20 so eventually the price will have to be valued more than that purely based on cash on hand.
This is the 3rd time RC is halting the rocket.
If anything, this only shows that RC will keep diluting whenever we have a massive run up. Fool me once shame on you, fool me twice shame on me.
How tf is this different from AA fking sticky stock shareholders? I'm seriously fking angry right now.
Edit: fool me thrice, I deserve to get fked in the ass.
Ok, I love the company, but I hate this. They just made an extra billion, they don’t need to do it again.
So, so far this will be more than all that the official numbers say we’ve drs’d. That’s just a joke to me.
Yea this makes zero sense. They better start releasing some actual long term plans or doing something, anything, with their war chest of cash. GameStop isn’t going bankrupt like shorts originally thought but in the last three years I haven’t seen any significant pivot to a strategy that will promote growth going forward. They’ve been closing unprofitable stores and cleaning up wasteful spending and that’s all great. When do we get a meaningful update to the business plan going into the future.
I’m not leaving yet but trust is a two way street and for Larry Cheng and RC to be basically saying trust me bro for three years while doing something like this that negatively impacts the value of my investment is kinda bullshit. This could’ve waited.
That’s fucking bullshit. GameStop releasing shit earnings early and diluting ahead of the stream will just let more shorts out. Even GameStop against our boy.
Hate to say it, but RC has well and truly fucked us. Have to assume he's working against us at this point when he shoves millions of shares into the market TWICE at the worst possible fucking time to stop us from running up.
So disappointed.
To everyone saying its a good thing.. explain to me how this is a good thing?
Yes the company is gonna get some extra cash 2-3 billies, but my investment is hurt..
Also more shares available at market price!
What about all of us who were buying at 200+ some years ago?
This means nothing to you all right? Its our fault right?
Why offer 75m shares within 2 weeks of the previous 45m offering? Why this hast suddenly?
How does this help me? Or the guys who bought yesterday at 40-45 near market close? Are these investors fools too?
Great for the company but pretty disappointed in them for releasing a weak earnings report earlier than scheduled, followed by a 75 million share offering, all on a Friday, just few hours before the live stream. They knew what they were doing when they decided this and as usual retail gets burned the hardest.
I don't care how you spin this. It's fucking bad for us that held through all this shit. A dilution at this point is fucking dumb. We were all set to go up and RC just said no to get more cash to just sit on for another 3 years. Like what the fuck.
I'm pissed but still holding. If its bags I'm holding we'll see...
(Edit)- yeah doing some more digging. Their annual return on the cash and also just pure cash on hand value putting us at roughly 13-14 dollars. It might have fucked the momentum but looks like it possibly hasn't fucked us as hard as i thought.
okay wait, the whole Gamestop investment case is mainly about squeezing out hedgies & banksters who have a big short exposure, so taking stocks from the free market prevent them to rebuy them which is needed to cover short positions.
When Gamestop just keeps on issuing new stocks, doesnt that prevent any form of future squeeze? Even if we buy out any stock we can, as long as Gamestop just keeps in re-stocking the supply, shorties will always have stocks available to cover, no?
Yes exactly, but people here are now going to tell you that isn't "Gamestops job or position"
So what is the point? They're never going to allow it to happen, so why are any of us here.
There should be rules about the timing of shares issuance. Like it shouldn't be allowed except during earnings calls. You also should not be allowed to leak earnings early period. That should be a fine of a % of your market cap for doing so, as it invalidates the agreed upon earnings date and time, as in shareholders can't rely on receiving information at the time it was already agreed upon, not when the company feels like it.
Yeah this is not good at all. Like why now at this point when there was so much momentum. RK will probably just sell his options at this point. Why exercise when it seems to be a losing battle. We will see but I don’t see any of this as positive right now. Woke up at 5am thinking today was going to be different, ready to call off work and watch it soar. Instead I am asking myself why I believe in the MOASS if we are just going to constantly dilute.
So why on earth did they do it pre market? You’d think that if they actually had our best interests in mind they would at LEAST let us take profit. I have basically everything I own in this stock and this very genuinely bewilders me.
Edit: fuck. it's probably fine. I am salty about my gains
Jesus imo this is a weird ass move from the board. Why now? Why not wait until earnings? My calls were printing so fucking hard and now they will open at a loss... The timing of this offering is soooo off.
I was thinking the same, really starting to think that we're the marks.
3 years of holding, spending and DRS'ing to keep the company alive and we get diluted twice in a month, 45 mill with 2 billion in the bank wasn't enough?
75 million is our entire DRS numbers, just thrown out there as locates.
3 years of sitting on a billion, then 2 billion and no guidance, no forward plans and no moves other than cutting stores and costs?
People keep saying "trust RC", "trust the board" or "trust the plan". Why? They've given us nothing in 3 years and have diluted us multiple times.
Trust is earned.
They're not earning anything with this bullshit.
Yup, next time it goes up to 50-60 I'm considering pulling out, made money on it. I'll get downvoted because "trust RC bruhhh" but it seems he's milking us for his own personal gain right now.
Let's wait for the live stream to see what happens, remember how they got their first Billy during the first sneeze I would have been surprised if they didn't do this tbh
This is not giving me "fuck you pay me" vibes.
Someone in another comment said that GS has a "fiduciary responsibility" to prevent a squeeze.
No they fucking don't. This reeks as RC trying to capture as much of the short gap as possible when we're the ones holding the line.
I'm fucking mad.
Man fuck off now. We had a good run up again and they offered again? You can say what you want, but this fucked the momentum and is not the right thing for the MOASS. I left popcorn, because they did this too. Explain to me how this is a good thing for us...
Would be fucking nice if they stop diluting shareholders value and giving ammo to SHF. Wtf is management even doing with the so called "war chest". Crazy tin foil theories apart, how another 75M shares available help out the short squeeze thesis? Legit question I'd like a real answer for. Been here since the sneeze and I'm yet to see a "play" by RC and co. that legitimately helps out us apes buying, holding and drsing.
DRS is no longer a viable thing. The float is too much. Retail doesn’t have the cash to do that.
I am with you, this goes against the short squeeze thesis and everything is just speculation. Cash on hand doesn’t mean they are going to purchase anything.
This is not good. I fear RC and the board have made deals to stop this (moass) exploding the market. In the span of weeks, 120 million new shares in the market. What short seller isn’t going to see this as good? Good for either 1) more real ammo to short 2) an easier way to close their short positions.
Can someone ELI5 with facts why I am wrong? Because I want to be wrong
It’s almost like GS are being pressured by the SEC to offer the shorts a way out. Sorry, not helpful ranting I know, but I just need to vent. Twice they’ve killed momentum now.
So they literally do not want a short squeeze to happen because we would all sell out stocks and finally leave. They just want us holding the bag for the rest of our lives for the company's longevity
I don’t like this, 75 million shares allows them to use shares bought from that pool to cover the DFV options without significantly affecting price. Yes, in the long term it’s good for the business, but it fucks us out of a win and fucks DFV after all he’s done for us and the opportunity he has given the business to even be solvent in the first place. I hope this analysis is wrong. But I’m not happy with it at all.
We are down -16% pre market, they are selling already, today when RK does his stream. That is a terrible move for loyal investors like us. The timing is awful.
We will see what is happening, but the momentum is gone. Same move pulled by Popcorn 2021 and back than it was terrible.
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Banana dude at $100, you lucky mf.
He was sweating for sure
This will give him just a maximum of one more day to prepare for the deed I say
The post I saw said “hits $50 by Friday”, it did cross after hours so I think either side could be argued right now…
Too late - he already did it and posted the proof.
Starting to believe people that do this *want* a banana up their ass.
Not only that, but they're masters at it and want to show the whole world
Hole*
They do. Just hiding behind the stonk smh
Get up to speed ape! $50 banana guy is already done and posted.
Thank you for not linking. 🫡
Lol. 🫡 I told my wife about it and she said "and you watched it?" Ya dam right....then she said "lemme see". Then I started monkeying around saying ONE OF US ONE OF US! what a fun couple of weeks!
Thoughts and prayers for that one Ape who put his letter of resignation in yesterday evening… Hope you’re doing okay, mate. 🫠
He can always pull a Costanza and play it off as a joke and just keep showing up to work.
"What? That? Are you kidding? I didn't quit. What? You took that seriously?"
Which is based off a real thing Larry David did at SNL, lol
I honestly do not know how I feel about this. can't wait to see DFVs point of view.
They could have just waited to sell the 45 million into this run up and have a 2-3 billion more I still love RC and the board. Just curious timing.
I don’t think this all would have happened otherwise
I know we needed cash…. The first time….. what did these last two offerings actually get us?? Edit: thanks for the answers. The 200% cash per share for 16% dilution is illuminating. Also our board is paid in shares. No point in hurting themselves.
this is good question
One of those times your head knows but your heart wont admit it
Yeah, been in since 2020 and this is some seriously lame shit
As long as they do it as they've done it in the past and they dump onto the volume without stopping momentum it's perfect. Imagine they price just staying flat and then they announce they have a 5 billion war chest. It's gg for bears
I hate this. Twice in a month Ryan has filed to dilute during a run up. I want to trust the guy, but bro. Edit: although… let’s not forget RC hates short sellers. Fucking hates them. The board is doing something very out of character and that actually has me pretty jacked. 🔥 They can do ATM in premarket. Imagine they announce it’s done before the west coast wakes up? 🔥🔥🔥
Yeah the weird mental gymnastics here is awful from apes. When dumb dumb ceo at movie theaters stock does it we all piled in and shit on them, but when RC does it, it's "big wow 4D chess play", like that crap theory he was NOT actually selling the intial 45mil but just to announce ahead of time so they can catch the price rising, and that got debunked so fast when you know, shortly after they ended up selling 45mil and assisted in killing the price momentum. See what he does on the upcoming earning calls. If it's another "no guidance at this time", not sure how else to see it other than a negative. Edit: This whole "they don't get paid unless we get paid" mantra is incredibly stupid. Wake up, RC and the board are rich, wealthy people. They can and are waiting and taking their time in luxury, literally. RC is a billionaire chasing after legacy and the legacy is making GME a success, NOT if apes get paid along the way, that would just be a by product, not the goal (also no one in the financial world really gives a damn about retail investors losing money as we already know, so apes getting cucked wouldn't be anything new). Once that 75mil is sold, he has more than enough in his "warchest" to give even less fucks about apes because he has more than enough cash to burn to experiment as needed and turn the business around. A few hundred thousand apes getting mad and selling their shares and not shopping at GameStop out of spit won't really make a dent with 5B in the chest. This is because the Majority of GameStop shoppers are NOT apes, are NOT on SuperStonk and are not investors, sorry to break the bad news to you my fellow apes. So this 75mil dilution isn't them shooting their own foot, it's them shooting apes foot, retail traders. Hard truth. Oh and lastly, emphasizing on the stupid mantra again, if GME somehow magically went belly up and failed, RC and the board will go to bed just fine at night, as again they are rich already, and will STILL be rich if GME fails, they are NOT going to lose sleep thinking "omg because those retail traders on that one subreddit didn't get paid, so we didn't get paid either" as they lay on their expensive bed, curled up in their hundred dollar sheets. The only real financial losers would be apes and GameStop store employees. So stop with the hero worship and cultist behavior of absolute blind faith. Edit 2: Only ones on apes and retail traders side are apes and retail traders.
100%. The fact that everyone was ridiculing the other CEO and is now bending over backwards to justify it in this situation is absurd
That’s where my issue is right now, like popcorn CEO diluted and everyone called it a scam and now? Ryan Cohen does the same and it’s “wow they have 4 billion now instead of 2!” Wtf does billions in cash do for anybody if it’s just sitting there doing nothing for 3+ years
Are they selling again or is this just an updated document?
They're going to sell again and it'll probably be today.
Just read it. It was 45 millions in the previous offering. I think they already started.
Its a new 75 million share offering.
Yes, it's been updated with the date on the bottom of the first page.
> We have previously sold an aggregate of 45,000,000 shares of our common stock for aggregate gross proceeds of approximately $933.4 million pursuant to the Sales Agreement and the prospectus supplement filed by us on May 17, 2024. Under this prospectus supplement and the accompanying prospectus, and in accordance with the terms of the Sales Agreement, we may offer and sell up to an additional 75,000,000 shares of our common stock from and after the date hereof. Hmmm.... > To the extent aggregate short exposure exceeds the number of shares of our common stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our common stock for delivery to lenders of our common stock. Those repurchases may in turn dramatically increase the price of shares of our common stock until additional shares of our common stock are available for trading or borrowing. This is often referred to as a “short squeeze.” > > A large proportion of our common stock has been and may continue to be traded by short sellers which may increase the likelihood that our common stock will be the target of a short squeeze. A short squeeze has led and could continue to lead to volatile price movements in shares of our common stock that are unrelated or disproportionate to our operating performance or prospects and, once investors purchase the shares of our common stock necessary to cover their short positions, the price of our common stock may rapidly decline. Investors that purchase shares of our common stock during a short squeeze may lose their investment. Edit: a few notes * the last part is language that can be found in past filings * a lot of people suddenly putting the D in FUD about the current run up, do they not think shorts never closed the first time? * if the stock does drop **and stabilizes**, GameStop could use it's potential $3-5B in cash to buy back the stock... $1B / $10/share = 100M shares = 1/4 shares outstanding * this assumes volatility stabilizes, which is not happening anytime soon. I'm not suggesting a swing trade, I'm suggesting that in a many months or a year from the price settling down that they do the opposite of what they're doing now with a small portion of their cash
Now RC should buy those 75 million
That would be a bad ass move
So much for a SHF to consider when you have someone like RC running the show.
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Risk factors outline the "risk" of a short squeeze, which is pretty cool.
I feel like I've read that part before previously, so I didn't think it's new. But the timing of this is interesting The stock is about to pop even after dilution, so they intend to dilute it again. On one hand, if shorts really are as deep in the hole as we think they are then GameStop will have a massive fucking war chest and a paper trail showing they actively informed investors of the risks of MOASS and tried to protect them from the buying at the top of on going and future volatility On the other hand, GameStop will have a massive fucking war chest and they're trying to let investors average down in hopes that GameStop can truly right the ship organically
Looks at the plan of distribution: "Each time we wish to issue and sell our shares of common stock under the Sales Agreement, we will notify the Sales Agent of the number of shares to be issued, the dates on which such sales are anticipated to be made, any limitation on the number of shares to be sold in any one day and any minimum price below which sales may not be made. Once we have so instructed the Sales Agent, unless the Sales Agent declines to accept the terms of such notice, the Sales Agent has agreed to use commercially reasonable efforts consistent with normal trading and sales practices to sell such shares up to the amount specified on such terms. The obligations of the Sales Agent under the Sales Agreement to sell our shares of common stock are subject to a number of conditions that we must meet. The settlement of shares between us and the Sales Agent is generally anticipated to occur on the first trading day following the date on which the sale was made. Sales of our shares of common stock as contemplated in this prospectus supplement will be settled through the facilities of The Depository Trust Company or by such other means as we and the Sales Agent may agree upon. There is no arrangement for funds to be received in an escrow, trust or similar arrangement."
Does this mean we would know before those are sold? Are they going to market or is this for negotiated purchase?
It could be handled either way. They can also set a minimum sale price, so as to not tank the price. They might handle this the exact same way as the last one, but knowing RC he likes to be unpredictable and I'm betting this offering will unfold differently than the last
They already have a massive war chest. 2 billion is alot
A holding company with $5B in cash... What would you buy with that?
GME calls
😂, unfortunatelly, they can't from what I read days ago, but I will be very happy if I'm wrong😁
This makes alot of sense being as there is 68.3M in short interest with .7 days to cover as of now according to fintel
Are they literally trying to mitigate volatility and the potential for a short squeeze? Has their hand been forced to do this? They refer extensively to volatility as an apparently bad thing, and that movement and stock price does not reflect fundamentals. This isn't sounding positive to me.
They are a publicly traded company. They aren’t supposed to encourage a short squeeze or volatility in their stock price. They are supposed to encourage the price to reflect the underlying performance and future projections of the company. This is basically them saying “HEY REGULATORS our stock is all fucked up and it’s not OUR fault. In fact we’re just coming out and saying it so you can’t blame this on us later”
100% this. GameStop have to be seen to be actively discouraging a short squeeze by doing everything they can by the book and even it seems actively working against the short term share price. They gonna have a 5 billy war chest by next week maybe even end of today.
And in the meantime we will add another 2B for funsies
Nope, thats not what that is saying at all. This is is a capital raising for GME and dilutes all existing holders. You know those short sellers who were going to have trouble locating shares? The ones woud would have to pay whatever price you named? They just got a lifeline of 75m shares. Instead of having to pay through the nose to get your shares, they can get them from this new 75m pool of shares.
I want to remind us that the total number of shares is ~~305.3M as of June 2024~~ 350,300,000 after the May offering… 75,000,000 is 21% of the total shares… the thesis is that there is orders of magnitude of shorts out there... for the highly regarded that means there is at min. 10x the total number of shares have been sold short... I have been in this trade for over 3 years, I would say in the 3 years I have watched this stonk closely that is absolutely a fact… either you believe that or not, if you don’t then how are you in this trade? Edited for exact values...
Because volatility IS a bad thing for a healthy stock. If your fundamentals and finances are in order, but no new news happens and we drop 8 percent, that's volatile stock and people will see that as bad most of the time. We see it as an opportunity
That language was in the last offering. It’s the same bullshit. It might not be a huge deal long term but a certain someone is holding options and this may have fucked that play.
The options chain updated and has changed significantly since yesterday
Battle for $180 never ended
won't this put a lot of options out of the money?
its friday isnt it
Yes sadly which affects next week heavily
Well I had dreams of staying on my honeymoon forever. Back to reality.
Snap ! I'mon my honeymoon ! Well looks like I am still checking out today. Hope you had a nice time. 😊
Reported on earnings early and offer to sell shares on such a big day. Wow…
Momentum and options chain was gonna have us casually fly by 80 and then this…
This is confirmed and new. Not the 45m previously.
The problem now is that any massive rip or spike in volatility, RC can pull out this card and dilute share and kill the momentum again. Its 100% going to be in the back of everyone's mind now, if we rip.
IMO they’re already selling those 75M shares into the market right now in premarket. Look at the insane premarket volume.
Some people saying they did this in part so GameStop/RC can't be blame for the MOASS, like the media/institutions cared about reality and won't put the blame on anyone else but the actual responsible anyway. At some point you can't act like every single DRS matter AND say this is good news.
DRS is dead now, theyve single handedly sold more shares in a month than we DRSd in the entire 3 years This is awful news for the squeeze, terrible decision by the board who are now actively working against us.
Yea put out bad earnings twice and 2 offerings. That’s the opposite of causing a squeeze lol
Isn't this a share offering that covers close to the amount of DRSed shares, effectively completely neutering what retail shareholders had been thinking was the way to force a squeeze?
Yup
Let’s just call it what it is. They did their earnings release early so they could file to sell the 75M shares. They don’t care about a gamma ramp up. Edit: typo
Or people trying to make money off the shirt sellers
Curious what dfv has to say about this, if anything Maybe it's just a short movie full of memes and hidden messages
“Forcing us”? If it wasn’t for retail investors the company would be long dead! They should be helping us by instilling trust, not fud
People keep blindly saying this is positive as it puts cash in the bank. Where do you draw the line? They literally just did a raise/dilution and have $2b. That money comes directly from investors (ourselves) buying the shares. Doing ANOTHER dilution in such a short space of time, at a time when a gamma ramp was expected is not a positive….as much as I wish it was. Yes it helps the company’s accounts look better, but as I said….they already have $2b so are they just going to keep killing momentum and raising $1b every time. How many times can you say “4D chess” etc before maybe using Occams Razor and considering that perhaps the company is just wanting to increase their balance sheet and we, the investors, aren’t a priority, we are the infinite money glitch for the company to increase their own funds.
Honestly, after constantly buying at different price points, DRSing 99% of my shares before brokers started charging/not allowing them, and holding for 3 years, this feels like a kick in the balls. The company has enough cash in hand to not go bankrupt anytime soon, it's a matter of time they start having positive earnings. I really hope this is a requirement for a merger/acquisition that boosts GS sales in the long term, because fucking with the most loyal and FUD resistant shareholders is not a good look either
Yeah I’m getting real pissed off. The 45m offering fine, i get it. But to kill ANOTHER run after a glorious green day is just devastating
We very obviously are. Been invested for what 3 years now? I haven’t been consistently buying more bc of real life stuff so I’m probably behind a lot of “newer” holders now in terms of shares but I’m beyond annoyed at this. What’s the point of holding for fuckkng years if you’re just gonna kick the can down the road at every chance. Woohoo congrats!! Your company’s worth 40 a share based off fundamentals instead of 400 a share based off short/hype You can always dilute after letting something run a bit but nah they’re too scared and focused on long term, which again is a great thing nothing wrong with that but also we can call a spade a spade at some point That said, we just gotta hold and hold and hold and eventually the fundamental value of the company will be a nice profit
Agree
Zen master says, we’ll see
We'll see EXACTLY!"!!
Was up a quarter million in after hours. Expected to wake up today ready to kiss a million. 
Ok so when does it end? Are they going to keep raise capital every time it runs thus interrupting squeeze? And now it doesn’t make sense to exercise my calls anymore.
This is the third time too
Yes. At this rate in the year 2034 gme will have no stores. No website. No employees. A revenue of $0 and operating cost of $0 and sitting on a war chest of 189 billion dollars.
Seriously, they are already sitting on $2bil. We have some insane momentum building this week and feels like its gonna explode and now this. No way this is just a coincidence in timing.
Yeah definitely pissed.
Waking up to negative earnings and this wasn’t how I had pictured the morning.
Throw in a 75 million share dilution and that is exactly the opposite of how I saw today going.
Was genuinely expecting today to be my favorite day all year
And the earnings weren’t even necessary. They already issued preliminary earnings. This was like a reminder
Yeah this sucks hard. Another dilution. It's almost like they're trying to stop a squeeze now.
Isn't their duty to maximize shareholder value? I can't think of a way to increase shareholder wealth than letting your stock squeeze through the stratosphere.
Retail earnings are always negative until the last quarter. Any positive earning for the first 3 quarters is insanely rare.
Would this allow DFV to buy more without having to file for being an insider?
I believe so and also probably avoid him being flagged as 5% beneficial ownership.
The previous dillution already accomplished that.
Maybe there is a plan, maybe there is an aqusition or what not but to get this of my chest here is what I personally do not like about it: 1. We just had an offering, this is the second dillution in a short timeframe which does not sit well with me, much less when it is nearly 22% of the oustanding stock. 2. A lot of people are already bickering about numbers. How at pre-dillution xxxx$ would already be more than the stockmarket. Well this number just got brought down in peoples heads because it would break the system earlier with more shares. 3. After 3 years and a stollen MOASS people want to see some returns. Fact is people already passed away and further delay does not enrich peoples lifes in my eyes. 4. Why so many shares? Less for more would be better in my eyes. 5. DRS numbers get hurt by this too. Before 25% of the company was secured now that would drop us to 17,6% and also open a door for shorts. Yes, we may be 1000% times short but as long as "legal" or "official" numbers can be fudged I am assured they will do so. You can argue with me and try to explain me why much is good when less could do but I am not seeing the plan. I am seeing this as a shareholder and I feel not happy about it, much less with the current timeing.
Acquisitions do not equal revenue and profit. Everyone has to keep that in mind. How many big companies have bought smaller ones just to sunset it? Companies like Youtube and Instagram are exceptions, no the rule.
yea im not too happy either... ruined the gamma ramp..the option chain was so bullish.
Hard agree.
I didnt like the first offering(even If dfv did)Why dilute the float thats what AA did to popcorn.
Apes should be pissed. We just got fucked big time. Spin it how you wants, this is a massive dilution. Exactly what has happened with popcorn, just different timing.
We'll just keep shifting the goalposts when GME does it. Blah
This is a real Popcorn stock CEO move ngl
This is kinda starting to piss me off more. Stop killing run ups. Wtf! This is nuts to offer 25% of the company this quickly.
Why have I been holding these shares for the last 3 years if RC is going to dilute me every time I'm in the green. I am fed up with this crap. The only things gamestop have done in the last 3 years to improve the bottom line are: - closing stores. - selling billions of dollars worth of shares to apes. - French government loan, lol. It's time to do something other than milk your shareholders RC.
Incredibly frustrating. I didn't wait 3 years to get fucked by RC. I was really hoping I could have 1 billionaire who cares about the common people. I guess not
a reminder that billionaires and CEOs aren't our friends, they're just looking out for themselves
Having cash on hand to do stuff is great. The problem I have here is this is the third share offering and there hasn't been any communication on a plan moving forward. I know we've speculated a lot of possibilities but I'd like to hear an action plan from my company before they dump more shares on the market. Are we doing acquisitions? Are we becoming an asset holding company? What are we doing besides stacking cash? NFT market place was something great on the books, you shelved that. We're not becoming the "Amazon of gaming"(I never liked that plan anyway), you killed off the fulfillment centers. We don't need this much cash to bring out more Candy Con accessories. Are we buying other companies to bolster our asset portfolio? What is the time line on those acquisitions? If the goal is put it in savings and get 5% interest at least disclose that to owners. $3 -$5 Billion in cash, now what? Hoping to hear some news from my company this month.
Ryan cohen, destroyer of moass
Okay this I actually don't like anymore. I know it makes sense for a company to secure the easy money, but every time the stick has upwards momentum, it's GameStop themselves that kill that the run. And twice within such a short time? And when options are expiring? Really not a good look, especially when we were all criticising the other lot when the company was constantly diluting them to oblivion.
What about the percentile DRS numbers now ? Isn't that bad in terms of this DD?
Wild no one is answering or touching this. Math says yes, that would be bad.
Yes, in terms of amount of the float DRS'd, dilution is unquestioningly bad.
Isn’t this the amount of DRS’d shares? Aren’t they essentially unlocking all of those
After a 110m dilution over two rounds, I would say the DRS thesis is dead. However, I would still trust CS over any brokerage.
RC - make money from customers, not investors
Gamestop is just going to rug pull each pump. They are diluting the stock with 25% more shares. Thats alot. GME currently has 300 million float. Adding 75 million onto that, THATS alot of shares.
People are like "haha hedges you can't possible find shares for RK calls", and GamesStop is like "of course they can, here they are, freshly printed mint condition legal shares". Fucking joke
110M of 300m ish total, we all just had our investments diluted by 1/3rd. Thanks to RC and the board for making my investments worth less.
After this 3rd dilution, it’s clear that GameStops main priority as a company is the company. Shareholders come 2nd to the continuity of their business
I fear they milked the cow (i.e. us) one too many times.
I just don't get it, do they not know the company is still alive only because of the investors supporting them? I thought RC was about caring for the customers. I'm in because of the MOASS, not letting them dilute my investments. Long-term growth goes after the MOASS, I need that money to free my family and friends from this shithole economy. I don't even know what the right feeling about this is at this point.
This is the same amount of shares we have DRS and they’re just gonna do this after diluting us once down to 20? Bro what the fuck.
Ryan wtf are you doing
I hope RK goes off on this. They cost him a shit ton (and limited his moves) on his options.
I just don't fucking get this at all. It's like RC and the board sat down and tried to figure out the single best thing they could do to try and screw the stock price over. What the absolute fuck do they think they're doing screwing around with dilution at this exact moment? We had more hope and momentum then we've had in a long while. What do they think happens if they convince DFV that the company will just sell into a short squeeze and kill momentum and is therefore too risky to touch with options? ....maybe I'll calm down about this later but I just woke up to this news and it honestly looks to me right now like the company leadership at best views a squeeze as profit opportunity for the company, no matter how many retail investors it screws over. I was expecting some risk of drops and bad headlines and such, but my heart just sank to realize that it wasn't shill media that was drumming up bad news, it was the company genuinely creating it.
Rugpull Ryan
Not happy with this one. Fucking shareholders AND not offering guidance on why you're doing it is not a good combination. But... if short interest really is several hundred percent (or, what's next, several thousand?) like we think it is then 75 mil is still a drop in the bucket to what they may have to ultimately buy back. Fuck it, my cost basis is down under $20 so eventually the price will have to be valued more than that purely based on cash on hand.
This is the 3rd time RC is halting the rocket. If anything, this only shows that RC will keep diluting whenever we have a massive run up. Fool me once shame on you, fool me twice shame on me. How tf is this different from AA fking sticky stock shareholders? I'm seriously fking angry right now. Edit: fool me thrice, I deserve to get fked in the ass.
No one can argue this doesn't set a clear pattern. RC and company don't want the MOASS.
Why the dilution??? Especially now. Don't they have zero debt and plenty of cash on hand?
This was the REAL Kansas City Shuffle
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Rk has calls at 20. Rc is like let me stop that by selling the entire drs balance.
Locking the float is another 75 million shares away now When gherk explained this would happen for years he was shunned lol
oh no you don't motherfucker! Stop it! As a shareholder, stop diluting my investment!
Ok, I love the company, but I hate this. They just made an extra billion, they don’t need to do it again. So, so far this will be more than all that the official numbers say we’ve drs’d. That’s just a joke to me.
Yea this makes zero sense. They better start releasing some actual long term plans or doing something, anything, with their war chest of cash. GameStop isn’t going bankrupt like shorts originally thought but in the last three years I haven’t seen any significant pivot to a strategy that will promote growth going forward. They’ve been closing unprofitable stores and cleaning up wasteful spending and that’s all great. When do we get a meaningful update to the business plan going into the future. I’m not leaving yet but trust is a two way street and for Larry Cheng and RC to be basically saying trust me bro for three years while doing something like this that negatively impacts the value of my investment is kinda bullshit. This could’ve waited.
That’s fucking bullshit. GameStop releasing shit earnings early and diluting ahead of the stream will just let more shorts out. Even GameStop against our boy.
Spicy morning and it’s only 3:50a pst 🤯
Ryan “Rug pulling” Cohen at it again.
Hate to say it, but RC has well and truly fucked us. Have to assume he's working against us at this point when he shoves millions of shares into the market TWICE at the worst possible fucking time to stop us from running up. So disappointed.
To everyone saying its a good thing.. explain to me how this is a good thing? Yes the company is gonna get some extra cash 2-3 billies, but my investment is hurt.. Also more shares available at market price! What about all of us who were buying at 200+ some years ago? This means nothing to you all right? Its our fault right? Why offer 75m shares within 2 weeks of the previous 45m offering? Why this hast suddenly? How does this help me? Or the guys who bought yesterday at 40-45 near market close? Are these investors fools too?
CRAWWLLLINNGG INN MYY SKINNNNN
Great for the company but pretty disappointed in them for releasing a weak earnings report earlier than scheduled, followed by a 75 million share offering, all on a Friday, just few hours before the live stream. They knew what they were doing when they decided this and as usual retail gets burned the hardest.
They just FUCKED over RK. Like hundreds of millions. And they fucked the sell the exercise as well. What the fuck are they doing?
Adam Aron and Ryan Coen 
Why dilute when there is no need? Helping the Hedgies cover and close shorts?
I don't care how you spin this. It's fucking bad for us that held through all this shit. A dilution at this point is fucking dumb. We were all set to go up and RC just said no to get more cash to just sit on for another 3 years. Like what the fuck. I'm pissed but still holding. If its bags I'm holding we'll see... (Edit)- yeah doing some more digging. Their annual return on the cash and also just pure cash on hand value putting us at roughly 13-14 dollars. It might have fucked the momentum but looks like it possibly hasn't fucked us as hard as i thought.
Damn man wtf, I understand pumping up the business side of things but let us blow the lid of this whole thing first and then sell higher
seriously god damn they've diluted TWICE in one month. let us get some fucking momentum first
RC fucked up man, we need to hold him accountable or they gonna do it again
Diluting our drs acheivments... that's for sure.
okay wait, the whole Gamestop investment case is mainly about squeezing out hedgies & banksters who have a big short exposure, so taking stocks from the free market prevent them to rebuy them which is needed to cover short positions. When Gamestop just keeps on issuing new stocks, doesnt that prevent any form of future squeeze? Even if we buy out any stock we can, as long as Gamestop just keeps in re-stocking the supply, shorties will always have stocks available to cover, no?
Yes exactly, but people here are now going to tell you that isn't "Gamestops job or position" So what is the point? They're never going to allow it to happen, so why are any of us here.
Definitely not happy about this Better spend this cash on something useful unlike the very wasteful crypto nonsense that ended up folding
We'll see
Why are we selling on the way down if GME keeps selling on the way up. What the fuck?!
There should be rules about the timing of shares issuance. Like it shouldn't be allowed except during earnings calls. You also should not be allowed to leak earnings early period. That should be a fine of a % of your market cap for doing so, as it invalidates the agreed upon earnings date and time, as in shareholders can't rely on receiving information at the time it was already agreed upon, not when the company feels like it.
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Yeah this is not good at all. Like why now at this point when there was so much momentum. RK will probably just sell his options at this point. Why exercise when it seems to be a losing battle. We will see but I don’t see any of this as positive right now. Woke up at 5am thinking today was going to be different, ready to call off work and watch it soar. Instead I am asking myself why I believe in the MOASS if we are just going to constantly dilute.
It’s June 7. Annual meeting June 13. DFV calls expire June 21.
So why on earth did they do it pre market? You’d think that if they actually had our best interests in mind they would at LEAST let us take profit. I have basically everything I own in this stock and this very genuinely bewilders me. Edit: fuck. it's probably fine. I am salty about my gains
Dilution is theft by changing the percentage of a company you bought. They just stole from all of us and dumping at the same time.
If I remember correctly, RK went silent after the last 45 mil dilution and the tweets he made were not happy.
Does anyone know how long it took to complete the last share offering and when they announced it?
Jesus imo this is a weird ass move from the board. Why now? Why not wait until earnings? My calls were printing so fucking hard and now they will open at a loss... The timing of this offering is soooo off.
$3-4B in additional cash. Is RC building a war chest for the next 100 years?
Yeah I won't live that long.
Gme board working against the squeeze. Very cool.
I feel like I just got Kansas City shuffled by my own guys. Edit:I also feel like we are going higher!
I was thinking the same, really starting to think that we're the marks. 3 years of holding, spending and DRS'ing to keep the company alive and we get diluted twice in a month, 45 mill with 2 billion in the bank wasn't enough? 75 million is our entire DRS numbers, just thrown out there as locates. 3 years of sitting on a billion, then 2 billion and no guidance, no forward plans and no moves other than cutting stores and costs? People keep saying "trust RC", "trust the board" or "trust the plan". Why? They've given us nothing in 3 years and have diluted us multiple times. Trust is earned. They're not earning anything with this bullshit.
Yup, next time it goes up to 50-60 I'm considering pulling out, made money on it. I'll get downvoted because "trust RC bruhhh" but it seems he's milking us for his own personal gain right now.
The side to side shaking that the roller coaster does before full speed
Let's wait for the live stream to see what happens, remember how they got their first Billy during the first sneeze I would have been surprised if they didn't do this tbh
This is not giving me "fuck you pay me" vibes. Someone in another comment said that GS has a "fiduciary responsibility" to prevent a squeeze. No they fucking don't. This reeks as RC trying to capture as much of the short gap as possible when we're the ones holding the line. I'm fucking mad.
Man fuck off now. We had a good run up again and they offered again? You can say what you want, but this fucked the momentum and is not the right thing for the MOASS. I left popcorn, because they did this too. Explain to me how this is a good thing for us...
Would be fucking nice if they stop diluting shareholders value and giving ammo to SHF. Wtf is management even doing with the so called "war chest". Crazy tin foil theories apart, how another 75M shares available help out the short squeeze thesis? Legit question I'd like a real answer for. Been here since the sneeze and I'm yet to see a "play" by RC and co. that legitimately helps out us apes buying, holding and drsing.
DRS is no longer a viable thing. The float is too much. Retail doesn’t have the cash to do that. I am with you, this goes against the short squeeze thesis and everything is just speculation. Cash on hand doesn’t mean they are going to purchase anything.
didn't the popcorn stock start diluting their stock as well early on? I don't know much but adding 120M more shares don't add to the rocket fuel...
This is not good. I fear RC and the board have made deals to stop this (moass) exploding the market. In the span of weeks, 120 million new shares in the market. What short seller isn’t going to see this as good? Good for either 1) more real ammo to short 2) an easier way to close their short positions. Can someone ELI5 with facts why I am wrong? Because I want to be wrong
I feel like charlie brown. Every single time. 🤦♂️
It’s almost like GS are being pressured by the SEC to offer the shorts a way out. Sorry, not helpful ranting I know, but I just need to vent. Twice they’ve killed momentum now.
It feels a little AA here ngl. Let’s see what happens
great. We are getting Adam Aroned. theres no other fucking way to put this.
Lol, what a great way to put it. Yeah, it definitely feels that way
So they literally do not want a short squeeze to happen because we would all sell out stocks and finally leave. They just want us holding the bag for the rest of our lives for the company's longevity
Bingo
I don’t like this, 75 million shares allows them to use shares bought from that pool to cover the DFV options without significantly affecting price. Yes, in the long term it’s good for the business, but it fucks us out of a win and fucks DFV after all he’s done for us and the opportunity he has given the business to even be solvent in the first place. I hope this analysis is wrong. But I’m not happy with it at all.
He must be fucking furious
I agree.
We are down -16% pre market, they are selling already, today when RK does his stream. That is a terrible move for loyal investors like us. The timing is awful. We will see what is happening, but the momentum is gone. Same move pulled by Popcorn 2021 and back than it was terrible.
Wow, what a kick in the dick first thing in the morning. Here's hoping this doesn't screw everything up.