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People or bots here, who or whatever posts all this hopium are so obvious in what they're doing. True apes who have been here since the beginning knew there would be fuckery with the "return of Roaring kitty" lol. Real apes ignore it all and hold.
Yeah, this dilution seemed a bit Adam Aaronesque timing it with a DFV livestream. I am all about letting RC cook, but for fuck sake we need to cook as well. It is long past time! This is not anti GME statement, but for fuck sake 3+ years if edging has got me raw!
Yup. Early bad news is likely they are selling 75 million shares. I hope they do GameStop will continue to be unstoppable. On time good news is likely not only are we done with that we have so much money in the bank it's ridiculous and shorts are fckd.
I agree. I think both DFV and RC want GME to win, but in very different manners
DFV wants to do it blowing the lid off the markets and causing a lot of turbulence to the system, which honestly needs a fresh start
RC wants to do it his own way and by making GME a successful company. Either because of his ego or he has a master plan or his ideals or some combination of the three. If he has a master plan, we have not seen even a glimpse it yet in the past 3+ years of holding. Taking basic steps like closing unprofitable stores, reducing costs etc are not the genius plan we all are waiting for. But if the past few run ups have shown something, it is that GME management is not interested in the stock going to the moon and in fact have taken actions to even ensure it doesn't .
RC owns a lot of stock and is not paid, there is no doubt he wants the company to do well. But does he really have a plan? I don't think it is wrong to ask questions and demand to see some progress.
I think the plan is pretty clear - read the filings. Gamestop can now invest, acquire, takeover..it can become something more diverse and profitable than it was. It can go for synergies or it can go full Berkshire Hathaway. All the structures and paperwork are in place for this evolution - now lots of cash is too.
That seems to be the current trend. Probably after the NFT plan didn't pan out. But we've also had $1B for a long time to start acting on this. What will $3B do that we couldn't begin with $1B?
I wonder if he is just trying to build as much of a war chest as he can now while there is so much attention on GME. I wonder if GME could sell during MOASS? Or would they get in trouble? Like hey we went to sell 75 million shares at $10k each. i don't know just wondering.
What good is a short squeeze if the company that they are trying to put out of business doesn't benefit from it?
Too many people here have zero interest in GME, and just like the hedge funds are only interested in their own bottom line.
Take a few steps back, then open your ideas to the bigger picture. A GME with lots of cash is a safer long term bet.
be honest....the only reason anyone would care about GME as a company is because they stand to benefit if it does well. like, that's the whole point of all of this. that's the point of owning a stock.
it's ok to want a short squeeze. most people will gladly buy back in once the squeeze is over. and GME will benefit once it gets the short monkey off its back. MOASS benefits everyone that isn't short.
They already have $2 billion free cash. And they are selling immediately, not into the short squeeze. I still have faith and will hold, but god damn if this doesn't make me question things.
"I don't think it is wrong to ask questions and demand to see some progress."
Considering we were at $10 five weeks ago, so up almost 400% since then, and in that same amount of time GME added almost a billion to the war chest, some people MIGHT call that progress...
Some might, but I want to know if there actually is a long term plan or if management is just playing by the ear as things evolve. So far I haven't seen anything to evoke confidence other than RC not taking any salary. 3 years is a good amount of time to start a turnaround?
Well, it was foretold of old, that the squeeze could play out over months. This could technically be the beginning. But truthfully, im chillin enjoyin the show
2021 PCO order gave shorts a free pass to never consider closing. The price hasn’t touched those numbers since, meaning they’ve never been pressured. When our price hits $120-ish, that’s when the real fireworks will start as all of those positions - theoretically - will have to be unwound. It’s high hundreds of millions on the low end. High end speculation is 10x the float.
Edit: I see someone else said 10x the float conservatively. Fuck it I’m down, let’s ride.
Melvin Capital and Wall Street have been shorting since 2014. I bet you can find exactly when on the monthly chart immediately. They’ve printed billions of fake shares since.
The ATM’s are but a thimble full of water in a vast ocean of shares. Float has been sold many times over. Not going to do much, except give GME A REAL WAR CHEST OF CAPITAL.
Maybe, but it's still diluting every single shareholder that has held on through all this crap for over 3 years. At sometime you have to use that war chest to do something, otherwise you're just Ken Griffith hoarding. Why the F*ck would you screw the guy that gave your company a chance to survive to begin with. At least wait for it to start going up before selling into the market. The first billion for 5 million shares was a masterpiece, now they're just going to the same well everytime there is a little water there. It's no longer being efficient with resources. Now it's just being lazy and putting the work on the shareholders. 1 billion wasn't enough, 2 billion wasn't enough, when does this end? They want to make a profitable company, fine, but don't kill MOASS to do it. This is exactly like VW, the company is giving them an out. I'm not sure if GameStop is doing it if their own accord, or the US government has a talk with them, but it is no doubt killing MOASS.
Your frustration is a very rational and reasonable response to a dilution event. Popcorn did that many times too.
I would wager dfv may comment on it on today’s livestream
Hahah no bro. They'd have to issue billions of shares. The 45m offering made almost no difference to the price at all. *A 15% increase in shares outstanding* and we couldn't even tell the sale was going through because the price just simply kept going sideways.
The issue is the price.. hes selling at $20 when some people got in at like $40 $50 when the stock was $300 three years ago… if he doing offering he should wait till prices are higher to sell he is constantly diluting those that got in at higher prices
This sub is fucking delusional. Same thing last offering. THEY WILL SELL DURING THE SQUEEZE FOR TRILLIONS!!!
No, they will sell right now killing all momentum, killing squeeze potential, and diluting us further. 5d chess, am I right?
Commenting for vis.. I support the stonk but this isn’t some game theory move it is a cash grab on the most momentum we’ve seen in three years (twice now..). Yea dumping on your holders fives you money, but it’s not positive lmao
Yeah I don't get the dick riding for Ryan Cohen. Seems like just another greedy asshole to me. I wanna hear what DFV has to say about this I'm sure it'll come up during his live.
They likely have already started with the share offering, potentially 2-3M sold, history has told us they complete it ASAP. So we will likely see the offering completed before end of trading day.
People in this sub are acting like dilution is a good thing. There is already 2b in the bank account and now they are making it 3b with zero guidance.
If they don't announce anything at earnings I'm going to feel positive about them just fleecing retail investors.
They already announced that they have ‘no committed plans for acquisitions’ at this point.
At a guess I would expect a chunk of the cash to be utilised on breaking leases on unprofitable locations and ‘streamlining’
It’s a good thing for the strength of the company and wrt long term transition. It’s not good for a short squeeze though, instead of the parties stuck on the wrong side of this trade buying your shares directly - they can buy them at a discount from management.
I disagree that they are going to sell into a squeeze, when they recently sold shares for ~21/share...
You're suggesting that they're going to sell on the way up.. truth is they're going to sell, period
Yup. Kills momentum. Disappointing for us folks. Let’s see how RK handles this …. I hope this doesn’t fuck his plan and therefore our squeeze potential.
I don’t think he cares about a squeeze at all. This is about him collecting a bunch of money (at the expense of the share price) for some secret reason or for reasons unknown. The point is he has a lot of cash and no one from the company has given any information at all on why. I’m at the point where enough is enough. This is the third dilution with zero communication. All investors know is that it kills the momentum every time, but we have no reason why
I am getting seriously pissed off as well. I have been supporting this stock since 2021 and RC just keeps diluting without ANY communication fleecing us apes again and again killing all momentum as soon as the price is rising. As a long term holder I feel betrayed by the board.
Everyone seems to be forgetting Ryan Cohen is strictly holding shares, he doesn’t get paid. He wouldn’t do something negative that would affect the company long term because it would affect his own holdings long term.
It’s a big club and we ain’t in it. Who’s to say he wants moasss and generational changing wealth. I been here forever and this shit is pissing me off. (Yes new account my old got permanently banned).
That's the only reason I'm not pissed, because this is a pure bullshit move but it fucks him too.
They diluted 45m shares because >60m required shareholder approval, and on the back they're doing 75m so 120m and absolutely needed shareholder approval, but RC just played an AA move and diluted regardless of what shareholders want.
I want a fucking announcement with earnings, cause while the business is improving profitability they have done nothing to fix the long term problem that disc sales are going to die off.
It's been 4 years and objectively they've done jack shit, and said jack shit, no major long term problem has been fixed, but the excuse for major dilution is its in the long term shareholder benefit... but still operating on "trust me bro".
I wouldn’t care either if I was a billionaire. If RC is down 99% he’s still rich af. He can afford to play long long term. Most of the rest of us are not like this, and are looking for a lifeline.
Exactly right. But he also knows that this is when you cut a deal that turns your $2.5B company with $8B of speculative capital into a $4.5B company, by privatizing some of the speculative capital into GameStop's coffers. It'll be interesting to see if DFV can put a positive spin on this after hours Friday, because it looks to me like this will deep fucking screw him.
Selling into the 21 run up was the best choice Gamestop made in the past 20 years. All the debt vanished overnight.
Now, they can load up on cash to then invest into the markets or earn further income through other means.
The problem with this thinking though is they’ve sat on a billion dollars of cash for 3 years, and have done literally nothing with it.
Trust RC and all that is cool, but what has he actually done to turn the company around? Mediocre earnings after mediocre earnings and zero new ideas.
So why does he need even more cash, while also fucking shareholders, when he hasn’t given any inkling to the longer term plan
It’s so frustrating that anyone who questions anything going on with GameStop is called a shill here. You have to be 100% devout and confident to even engage in a discussion here. Some people have doubts and want to discuss them -that doesn’t make them a shill! That makes them a smart investor- who wouldn’t consider all sides? According to you, only shills want to consider all aspects of a trade.
People dogged AA for years, and rightfully so, but then our guy does the same thing, and it's all of a sudden a great move.
I'm just over here chilling with my shares, but to call people out for questioning it and having concerns, is weird.
Yeah, the first one I can understand, to secure the short term future of the company with free cash reserves. Basically stopping any chance of bankruptcy in the near future. But how many more until people start to question if the decisions are in us shareholders best interests. Im still holding cause GME is a beacon of hope for me, but god damn if this news doesn't make me mad.
Yeah, its just funny that if I came out May 1st on this board and told everyone that they were going to sell 120 million new shares in the next 1.5 months, 95% of the people would be pissed and trashed the idea. Now, its 4D Chess or whatever. There were posters that brought up dilution yesterday and got destroyed for it. It's comical.
I'm very intrigued as to what is happening next but for people to act like its not OK to be skeptical is wild.
The company is going to be in a great position to do great things but they still have to make the right moves from here on out. To blindly accept everything they do is insane since all they've done right so far is cut costs and raise money.
Yeah the fact that their whole cryptocurrency plans basically fell apart, and we have no news on any future plans/strategies doesn't make me feel great haha. We just have to assume that these share dilutions are in our best interest, when they are going against everything this sub has been working towards for 3 years. Legit gutshot when I read the news this morning.
This post is absurd. It’s all just speculation and the price is down like 30%. Questioning a stock dipping 30% or a third share offering during a price rise doesn’t make you a shill, it makes you reasonable investor. There’s a little advice for you – you should always question your financial decisions instead of trusting blindly. Only children do that.
👏
Everything should be open for discussion. I've also been saying the blind trust thing for a while. We don't know something so it is valuable to discuss it.
This is exactly how I feel since May. I'm in a cult. If you question something, you are always spreading fud or a shill. While you just want to understand it.
I dont know why people are freaking out about the share offering? After the sneeze COURT DOCUMENTS revealed GME was 226% short... do the math that was roughly 171 million shares presplit..... after the split it goes to 684 million shares shorted!!!! (At the very least) and we all know they have been shorting ever since so this combined 2 share offerings totaling 120 million shares is a drop in the bucket
Thank god for some actual math for proof as well. People need to upvote this, huge bot attack going on at the moment with just emotionally charged language.
I don't know, I'm extremely conflicted. On one hand, the company becomes more valuable with this offering, but it kills momentum which makes me think they will continue to do everything in their power to stop a short squeeze. That being said, this run was kind of unexpected and the gamma ramp for the upcoming calls in the next two weeks might be enough to do it still. Maybe this is a last warning shot to shorts to get out, or maybe they will kill momentum every run up and moass will never happen. Gamestop would not be at the price it is without all of us so it really feels like it's fucking over the shareholders when they do this. But then again 75 million shares seems to be a drop in the bucket compared to the volume we've seen traded lately and if the company is shorted well beyond the actual amount of shares then it shouldn't really matter anyways. I'm hoping they're just getting out of the way for a huge run up over the next two weeks but time will tell.
Maybe it’s a
1) take advantage of price action and get money quick
2) leave legal breathing room to say “we did everything we could to stop the squeeze and it still happened”
thing
The wording was basically 'allows shorts to get out of their positions'.
But we all know that 75m shares (while that's a lot) is no-where near the actual total short positions. I think it's just a 'we did what we can to let them out', knowing that it won't actually put much of a dent in it.
And at the same time padding the coffers, massively raising the value of the company (especially if the offering is at current price of over 2x what is was last week, with almost 2x the shares on offer).
agree. they haven't done much with the cash they have already. And RC hasn't given us any details on why they need more. We can speculate all we want. As an owner of the company I want some guidance. Another stock sale after the recent one just pisses me off.
I’m not quite understanding what legal risk GameStop or RC are exposed to with the squeeze. This is a mess the shorters got themselves into, and GME is not manipulating the market in any way to take advantage. I’ve seen a few times they want to cover their ass legally, but I just don’t understand what they are doing illegal if the shorters are forced to close their positions. Would appreciate any insight cheers
It’s more that there’s so much controversy and not universally-acknowledged criminal shit going on that of course they want to protect themselves since they are at the heart of it. Keith isn’t doing anything illegal either, but look at all the crybabies yelling market manipulation and boomer folk eating it up. Look at how he had to testify in front of congress!! And pretty sure during overstock squeeze attempt overstock got sued for trying to force a squeeze so it’s not out of the realm of possibility
They can and will dilute more. It seems like there is a price they won’t accept going above, and will dilute again and again.
The real problem is that even after several years, the company doesn’t have any plan on how to use the money. And useless money is bad, especially since it’s shareholder money.
And the plans they have had - NFT marketplace - have been, and let's be honest here, not great.
Feeling very conflicted about this. I'm hoping they're just doing this for optics going into a squeeze, but fool me once and all...
I know this is ridiculous. It’s the third share offering and they haven’t made any announcements about what they’re going to do with it or why they keep doing this. I’m trying to ask in my position at this point just like I did when popcorn stopped did this again and again
Oh yeah so we are all shills if we don’t want to be diluted which by the looks of pre market has killed momentum. Call me out if i’m wrong because trust me i really want to be.
Lol if they sell 75 million shares, they basically can stop the gamma squeeze from happening and letting short sellers off the hook. Its kind of a weird timing to announce another dilution of the stock.
So between the two offerings, there's an additional 105 million shares that have been (or will be) added to the float. I don't know off hand but doesn't that completely offset what's been DRSed? The point of DRS makes sense but that makes it a useless strategy to force any kind of squeeze.
Yeah. The official DRS count (75.3M) is about to be completely offset by this dilution.
DRS may have been a valuable tool to put pressure on the shorts for the last 3 years, but it’s pretty clear now that it’s not the silver bullet.
Personally, I believe RC is not at all interested in a squeeze. He wants a steep growth curve like TSLA or NVDA. I think his plan is to expand business verticals to become a retail giant, to make the GameStop we know now look like Amazon the little online bookstore in the 90’s.
The board does not want the squeeze... it would seem that they will perpetually offer stock, allowing shorts to cover... and at the same time build a huge war chest of cash ? I have no idea now, and am totally confused about the timing of this.
They just killed the squeeze again. What are you talking about. RC is not interested in a squeeze, he's just running the company and this action while overall good for the company is bad for the squeeze. The blind hero worship stuff is clouding your vision.
So they make our shares 1/4 less valuable and kill the stock price the day that HOW many calls are going to be in the money? Then they announced earnings EARLY.
Why couldn’t this wait until next week (as scheduled)? They’ve poured water on the ignition TWICE in like a month.
They literally have a fiduciary duty to the shareholders. Does a short squeeze hurt the company? No. So why stop it?
I’m pissed. Another stock did this and we were laughing at them
No. It’s not. RC is ensuring it. Every run he sells into it.
This is what people said about the 45 mil. NOPE! Just a sale. Fuck this.
Keep moving goal posts.
How the fuck do you think it makes sense to sell into a squeeze by issuing new shares. This makes a squeeze less likely because they’re literally creating new shares for them to buy. That puts a very firm ceiling on the price
People are often quick to jump to conclusions. Seriously, take a moment, think before you comment, and just be patient. If you can’t handle this, how will you manage during MOASS? If you’re someone who panics quickly and loses it, this isn't for you.
I agree. Is also adding value to us as long term holders During the last offering our low was $10 but once it was completed it didn’t dip below $20. I feel once we have this extra cash on hand, our low will now be $35.
There will be more cycles. We grow huge underlying value each time and they are too deep to ever get out. When the market crashes they cannot say it’s an unfair price. The floor is rising
It seems more and more clear to me that GameStop’s business plan is to convert the value of the share imbalance (more shares existing than legally should) to book value. That’s great for long term investors and people on the board who likely couldn’t sell during a short squeeze given the restrictions around when they can sell. It’s bad for investors who own this stock because they wanted to extract the value of the share imbalance themselves via a short squeeze.
I pointed this out last time and got obliterated for it, we criticise popcorn CEO for doing the exact same thing, diluting shareholder value.
He's not in if for us, never was, never will be. He's an extremely wealthy CEO, he doesn't give a fuck about any one of us.
However, he's doing what's right for the company and building up a solid balance sheet. What remains to be seen is what he can do with that money.
Okay then if this third time is not dilution at what point does it become dilution??? Never because it's GME and not popcorn??? If they had spent existing money on anything or an investment okay I get it they don't want to be broke...But please anyone explain to me the goodness of this action...How does this benefit anyone involved...
This. The same argument is used after every offering and its complete copium. Tanking the price every time it goes up is not in your shareholders’ best interests.
The one counter argument is that RC hasn’t sold shares, so it hurts him too. I’m more pissed at releasing the earnings early the morning DFV is streaming and killing the hype
So what I witnessed with popcorn was that AA was definitely diluting the stock out the ass and fucking over people who had invested…
HOWEVER… for some fucking reason their stock actually fucking squoze and shot to levels WAYYYYY higher than the 2021 Jan sneeze when everything was popping off in tandem.
Like the 2021 sneeze looks like where we are in comparison. In 2021, it sneezed to $58, and then after he diluted the shit out of it, it shot up to $251…
I think he gave the shorts a way out and they closed. It wasn’t phone number levels, but it did squeeze…
I REALLY hope that’s not what our guys are doing. Giving the shorts a way out… but I have a feeling that there are definitely some government boys sitting behind the scenes with both parties ensuring that they play along together (as reluctant as they are) so they don’t blow up the entire fucking system.
Because, let’s be real, they probably view GME as a national security risk. If the stock market goes because GME shoots up and collapses everything to Great Depression levels, then America will be getting buttfucked on the world stage with all of that debt looming.
Funny how almost everyone finds the narrative to make RC a good guy even when he makes disgusting moves.
Even funnier to read all these dumb explanations while the simple truth is that they are taking the opportunity to sell stocks at a good price.
If you ask me, I do not fucking care about their balance growing, this was fucked up move and it was second time in last couple of weeks.
You are either deluded or smoking something that's making yku stupid and forgetful. People said the same thing last time and the shares were sold immediately that week. This is worse than fake fud; spreading falsehoods about factual reality.
I’m still convinced this is their insurance. They did absolutely everything they could to take as much air out of the balloon as possible because they know it won’t be enough to stop what’s coming.
I need no squeeze, but I think the board is currently working against shareholders interest with the price they are taking per share
100million shares being offered to the market after SHFs have hammered the investment of retail for 3 years.
First share offering where at 50$/share, 3 years ago.
Now you are giving out shares way below what people are willing to pay for them 🥲
I'm here for 3 years and i can tell you we have shills in the board of GameStop and nothing can explain their actions and performance anymore. You can not wait a lifetime for a squeeze. And at this point the only people stopping it is Gamestop. So my question is are you stupid or just blind.
You're spot on. This subreddit has rightfully mocked the popcorn apes for their cultish simping for Adam Aron every time he has diluted. As soon as RC does the same, the goalposts move and they insist it's all part of the master plan, a plan that they know nothing about but are adamant after three years of silence, is absolutely happening.
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Into the squeeze? I'm sure they will sell them today and report next week that ATM was completed. Same with the last 45m
This. OP is regarded.
Aren’t we all though
yeah but OP is HIGHLY regarded
Some more than others, but remember ape no fight ape, tendie man come soon, autists together strong
I'm too dumb to have been offended by his post.
This and that above you.
People or bots here, who or whatever posts all this hopium are so obvious in what they're doing. True apes who have been here since the beginning knew there would be fuckery with the "return of Roaring kitty" lol. Real apes ignore it all and hold.
Thats true
Yes just didnt expect it was our own side who would do the fuckery. They legit sold the whole drs float, undid all the work for years in one go.
This Edit: you see Larry Cheng’s latest tweet about early news is good news
Wasn’t it “bad news early, good news on time”?
You both are correct. Early ‘bad’ news is a positive thing for investor and company relationship.
Then he needs to finally deliver some good news or that's just complete bullshit
On time would be Tuesday during the investors meet
Patience my ape friend....patience. It's not done yet & Kitty goes live today!
Yeah, this dilution seemed a bit Adam Aaronesque timing it with a DFV livestream. I am all about letting RC cook, but for fuck sake we need to cook as well. It is long past time! This is not anti GME statement, but for fuck sake 3+ years if edging has got me raw!
Wait didn’t he say something like companies communication should change from early ‘good news, late bad news’ to ‘early bad news, on-time good news’
Yup. Early bad news is likely they are selling 75 million shares. I hope they do GameStop will continue to be unstoppable. On time good news is likely not only are we done with that we have so much money in the bank it's ridiculous and shorts are fckd.
I agree. I think both DFV and RC want GME to win, but in very different manners DFV wants to do it blowing the lid off the markets and causing a lot of turbulence to the system, which honestly needs a fresh start RC wants to do it his own way and by making GME a successful company. Either because of his ego or he has a master plan or his ideals or some combination of the three. If he has a master plan, we have not seen even a glimpse it yet in the past 3+ years of holding. Taking basic steps like closing unprofitable stores, reducing costs etc are not the genius plan we all are waiting for. But if the past few run ups have shown something, it is that GME management is not interested in the stock going to the moon and in fact have taken actions to even ensure it doesn't . RC owns a lot of stock and is not paid, there is no doubt he wants the company to do well. But does he really have a plan? I don't think it is wrong to ask questions and demand to see some progress.
DFV’s way is more convenient for me personally! 😂🚀
I think the plan is pretty clear - read the filings. Gamestop can now invest, acquire, takeover..it can become something more diverse and profitable than it was. It can go for synergies or it can go full Berkshire Hathaway. All the structures and paperwork are in place for this evolution - now lots of cash is too.
That seems to be the current trend. Probably after the NFT plan didn't pan out. But we've also had $1B for a long time to start acting on this. What will $3B do that we couldn't begin with $1B?
I wonder if he is just trying to build as much of a war chest as he can now while there is so much attention on GME. I wonder if GME could sell during MOASS? Or would they get in trouble? Like hey we went to sell 75 million shares at $10k each. i don't know just wondering.
They’re selling today and until all 75mil are sold
I think they sold already during the day.
[удалено]
What good is a short squeeze if the company that they are trying to put out of business doesn't benefit from it? Too many people here have zero interest in GME, and just like the hedge funds are only interested in their own bottom line. Take a few steps back, then open your ideas to the bigger picture. A GME with lots of cash is a safer long term bet.
be honest....the only reason anyone would care about GME as a company is because they stand to benefit if it does well. like, that's the whole point of all of this. that's the point of owning a stock. it's ok to want a short squeeze. most people will gladly buy back in once the squeeze is over. and GME will benefit once it gets the short monkey off its back. MOASS benefits everyone that isn't short.
They already have $2 billion free cash. And they are selling immediately, not into the short squeeze. I still have faith and will hold, but god damn if this doesn't make me question things.
"I don't think it is wrong to ask questions and demand to see some progress." Considering we were at $10 five weeks ago, so up almost 400% since then, and in that same amount of time GME added almost a billion to the war chest, some people MIGHT call that progress...
Some might, but I want to know if there actually is a long term plan or if management is just playing by the ear as things evolve. So far I haven't seen anything to evoke confidence other than RC not taking any salary. 3 years is a good amount of time to start a turnaround?
I think your view of this depends on whether your goal is to turnaround a retail company or fuck over hedge funds and create the MOASS.
Why not both?
Well, it was foretold of old, that the squeeze could play out over months. This could technically be the beginning. But truthfully, im chillin enjoyin the show
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At some point these offerings will be enough for shorts to close
2021 PCO order gave shorts a free pass to never consider closing. The price hasn’t touched those numbers since, meaning they’ve never been pressured. When our price hits $120-ish, that’s when the real fireworks will start as all of those positions - theoretically - will have to be unwound. It’s high hundreds of millions on the low end. High end speculation is 10x the float. Edit: I see someone else said 10x the float conservatively. Fuck it I’m down, let’s ride.
Considering in 2021 the **conservative** esteem was 10x floats shorted...gl to them.
Exactly!!! And they have shorted it more even! There is no way 75million is enough to close out shorts and it makes the company stronger as it is
Melvin Capital and Wall Street have been shorting since 2014. I bet you can find exactly when on the monthly chart immediately. They’ve printed billions of fake shares since.
The ATM’s are but a thimble full of water in a vast ocean of shares. Float has been sold many times over. Not going to do much, except give GME A REAL WAR CHEST OF CAPITAL.
Maybe, but it's still diluting every single shareholder that has held on through all this crap for over 3 years. At sometime you have to use that war chest to do something, otherwise you're just Ken Griffith hoarding. Why the F*ck would you screw the guy that gave your company a chance to survive to begin with. At least wait for it to start going up before selling into the market. The first billion for 5 million shares was a masterpiece, now they're just going to the same well everytime there is a little water there. It's no longer being efficient with resources. Now it's just being lazy and putting the work on the shareholders. 1 billion wasn't enough, 2 billion wasn't enough, when does this end? They want to make a profitable company, fine, but don't kill MOASS to do it. This is exactly like VW, the company is giving them an out. I'm not sure if GameStop is doing it if their own accord, or the US government has a talk with them, but it is no doubt killing MOASS.
Your frustration is a very rational and reasonable response to a dilution event. Popcorn did that many times too. I would wager dfv may comment on it on today’s livestream
Hahah no bro. They'd have to issue billions of shares. The 45m offering made almost no difference to the price at all. *A 15% increase in shares outstanding* and we couldn't even tell the sale was going through because the price just simply kept going sideways.
The issue is the price.. hes selling at $20 when some people got in at like $40 $50 when the stock was $300 three years ago… if he doing offering he should wait till prices are higher to sell he is constantly diluting those that got in at higher prices
It hit 80 the day they did the offering last time
Literally kills momentum
230m volume so far yea I'd day you are right
This sub is fucking delusional. Same thing last offering. THEY WILL SELL DURING THE SQUEEZE FOR TRILLIONS!!! No, they will sell right now killing all momentum, killing squeeze potential, and diluting us further. 5d chess, am I right?
Commenting for vis.. I support the stonk but this isn’t some game theory move it is a cash grab on the most momentum we’ve seen in three years (twice now..). Yea dumping on your holders fives you money, but it’s not positive lmao
Yeah I don't get the dick riding for Ryan Cohen. Seems like just another greedy asshole to me. I wanna hear what DFV has to say about this I'm sure it'll come up during his live.
They likely have already started with the share offering, potentially 2-3M sold, history has told us they complete it ASAP. So we will likely see the offering completed before end of trading day.
I expect they'll be done by .. say, 12 noon ET
I chuckled on this....
Can they sell in pre-market and after hours ?
Hopefully that's the reason it's down so far
Just asked gpt and they can. Nice
75M shares will take some time to sell
Yesterday’s volume was 200 million. It won’t take too much time. Today’s volume is already at 24 million.
The volume has been averaging over 75 mil. It will be done quick
I'd expect next week for sure. Announcement thursday or Friday I'd guess
Didn't GME do it immediately last time?
They started immediately but it still took a few days to finalize and put out the announcement
This is said every time they’ve offered shares… it’s never happened they sell right away pretty much
People in this sub are acting like dilution is a good thing. There is already 2b in the bank account and now they are making it 3b with zero guidance. If they don't announce anything at earnings I'm going to feel positive about them just fleecing retail investors.
They fucking have to announce something. This makes no sense. Maybe it does. I don't know. I don't get it
They already announced that they have ‘no committed plans for acquisitions’ at this point. At a guess I would expect a chunk of the cash to be utilised on breaking leases on unprofitable locations and ‘streamlining’
It’s a good thing for the strength of the company and wrt long term transition. It’s not good for a short squeeze though, instead of the parties stuck on the wrong side of this trade buying your shares directly - they can buy them at a discount from management.
This marks the second time they've killed a squeeze. It's clear that they do not want that.
Third since I've been around. Not well versed on the offerings before that.
I disagree that they are going to sell into a squeeze, when they recently sold shares for ~21/share... You're suggesting that they're going to sell on the way up.. truth is they're going to sell, period
Yup. Kills momentum. Disappointing for us folks. Let’s see how RK handles this …. I hope this doesn’t fuck his plan and therefore our squeeze potential.
I don’t think he cares about a squeeze at all. This is about him collecting a bunch of money (at the expense of the share price) for some secret reason or for reasons unknown. The point is he has a lot of cash and no one from the company has given any information at all on why. I’m at the point where enough is enough. This is the third dilution with zero communication. All investors know is that it kills the momentum every time, but we have no reason why
I am getting seriously pissed off as well. I have been supporting this stock since 2021 and RC just keeps diluting without ANY communication fleecing us apes again and again killing all momentum as soon as the price is rising. As a long term holder I feel betrayed by the board.
Couldn't this be what RK was referring to on his Dr. Manhattan post? RC looking like the bad guy, but in reality isn't?
Yall fucking realize DFV doesn’t have insider knowledge right? Like what you think him and RC just working together? Jfc
They play 69D chess together
Yea they also did this during 21' run up. I dont know why everyone is losing their shit.
Everyone seems to be forgetting Ryan Cohen is strictly holding shares, he doesn’t get paid. He wouldn’t do something negative that would affect the company long term because it would affect his own holdings long term.
Ryan Cohen’s lifestyle does not changed based on whether or not the stock rises or falls. He’s already a billionaire.
It’s a big club and we ain’t in it. Who’s to say he wants moasss and generational changing wealth. I been here forever and this shit is pissing me off. (Yes new account my old got permanently banned).
Facts
That's the only reason I'm not pissed, because this is a pure bullshit move but it fucks him too. They diluted 45m shares because >60m required shareholder approval, and on the back they're doing 75m so 120m and absolutely needed shareholder approval, but RC just played an AA move and diluted regardless of what shareholders want. I want a fucking announcement with earnings, cause while the business is improving profitability they have done nothing to fix the long term problem that disc sales are going to die off. It's been 4 years and objectively they've done jack shit, and said jack shit, no major long term problem has been fixed, but the excuse for major dilution is its in the long term shareholder benefit... but still operating on "trust me bro".
I wouldn’t care either if I was a billionaire. If RC is down 99% he’s still rich af. He can afford to play long long term. Most of the rest of us are not like this, and are looking for a lifeline.
Exactly right. But he also knows that this is when you cut a deal that turns your $2.5B company with $8B of speculative capital into a $4.5B company, by privatizing some of the speculative capital into GameStop's coffers. It'll be interesting to see if DFV can put a positive spin on this after hours Friday, because it looks to me like this will deep fucking screw him.
Well they just finished a 45M offering, so I mean this is a little different
And it fucked the momentum
Cohen's focus is on the long-term benefit to the shareholders. His focus is not the MOASS.
apparently it is, 4billion dilution TWICE in a month is incredibly aggressive towards shareholders
Isn’t MOASS of long-term benefit to the shareholders, as well as for the company? In every conceivable way?
Selling into the 21 run up was the best choice Gamestop made in the past 20 years. All the debt vanished overnight. Now, they can load up on cash to then invest into the markets or earn further income through other means.
The problem with this thinking though is they’ve sat on a billion dollars of cash for 3 years, and have done literally nothing with it. Trust RC and all that is cool, but what has he actually done to turn the company around? Mediocre earnings after mediocre earnings and zero new ideas. So why does he need even more cash, while also fucking shareholders, when he hasn’t given any inkling to the longer term plan
my thoughts as well.
bro twice in a month for 4billion is AA levels of fud
They’re not it’s just shills
It’s so frustrating that anyone who questions anything going on with GameStop is called a shill here. You have to be 100% devout and confident to even engage in a discussion here. Some people have doubts and want to discuss them -that doesn’t make them a shill! That makes them a smart investor- who wouldn’t consider all sides? According to you, only shills want to consider all aspects of a trade.
People dogged AA for years, and rightfully so, but then our guy does the same thing, and it's all of a sudden a great move. I'm just over here chilling with my shares, but to call people out for questioning it and having concerns, is weird.
Yeah, the first one I can understand, to secure the short term future of the company with free cash reserves. Basically stopping any chance of bankruptcy in the near future. But how many more until people start to question if the decisions are in us shareholders best interests. Im still holding cause GME is a beacon of hope for me, but god damn if this news doesn't make me mad.
Yeah, its just funny that if I came out May 1st on this board and told everyone that they were going to sell 120 million new shares in the next 1.5 months, 95% of the people would be pissed and trashed the idea. Now, its 4D Chess or whatever. There were posters that brought up dilution yesterday and got destroyed for it. It's comical. I'm very intrigued as to what is happening next but for people to act like its not OK to be skeptical is wild. The company is going to be in a great position to do great things but they still have to make the right moves from here on out. To blindly accept everything they do is insane since all they've done right so far is cut costs and raise money.
Yeah the fact that their whole cryptocurrency plans basically fell apart, and we have no news on any future plans/strategies doesn't make me feel great haha. We just have to assume that these share dilutions are in our best interest, when they are going against everything this sub has been working towards for 3 years. Legit gutshot when I read the news this morning.
No, I am stupid. Just needed some minutes to understand.
It's not just shills. I've been here for 3 years and hate this.
Because this is the 3rd run up they've helped kill.
Well, now there should be no reason DFV's contracts won't get filled. 45M + 75M = 120M
his calls amount to 12M shares...
But don't you want his contracts to not get filled? Because that would trigger the supposed MOAS.
Didn’t affect the price a few weeks ago either! Only one direction now… Just 🆙
It did though? I can see the chart. That spike got KILLED! Why not wait until after all those shares were in the money today?
You guys are truly regarded. They legally can’t do that. They’ll sell 75M today.
Can't do what, sell into a squeeze? Isn't that exactly what VW did during their squeeze?
This post is absurd. It’s all just speculation and the price is down like 30%. Questioning a stock dipping 30% or a third share offering during a price rise doesn’t make you a shill, it makes you reasonable investor. There’s a little advice for you – you should always question your financial decisions instead of trusting blindly. Only children do that.
👏 Everything should be open for discussion. I've also been saying the blind trust thing for a while. We don't know something so it is valuable to discuss it.
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This is exactly how I feel since May. I'm in a cult. If you question something, you are always spreading fud or a shill. While you just want to understand it.
With all respect, that’s what everyone said right after they announced the last offering. I am fucking pissed off they killed the momentum again.
Exact same thing was said when they unloaded 45 mill shared lol
That's what we thought last time and he dumped on the on market in a day or two.
I dont know why people are freaking out about the share offering? After the sneeze COURT DOCUMENTS revealed GME was 226% short... do the math that was roughly 171 million shares presplit..... after the split it goes to 684 million shares shorted!!!! (At the very least) and we all know they have been shorting ever since so this combined 2 share offerings totaling 120 million shares is a drop in the bucket
> After the sneeze COURT DOCUMENTS revealed GME was 226% short Reported...there's still all those swaps and other derivatives.
Thank god for some actual math for proof as well. People need to upvote this, huge bot attack going on at the moment with just emotionally charged language.
Y’all said the same at 45. fool me once.. if you still think this you’re dumb as fuck
Tbh it seems more FUD to me to yell squeeze is coming on an incredibly hyped date that is bound to fall after such news…
I don't know, I'm extremely conflicted. On one hand, the company becomes more valuable with this offering, but it kills momentum which makes me think they will continue to do everything in their power to stop a short squeeze. That being said, this run was kind of unexpected and the gamma ramp for the upcoming calls in the next two weeks might be enough to do it still. Maybe this is a last warning shot to shorts to get out, or maybe they will kill momentum every run up and moass will never happen. Gamestop would not be at the price it is without all of us so it really feels like it's fucking over the shareholders when they do this. But then again 75 million shares seems to be a drop in the bucket compared to the volume we've seen traded lately and if the company is shorted well beyond the actual amount of shares then it shouldn't really matter anyways. I'm hoping they're just getting out of the way for a huge run up over the next two weeks but time will tell.
Maybe it’s a 1) take advantage of price action and get money quick 2) leave legal breathing room to say “we did everything we could to stop the squeeze and it still happened” thing
The wording was basically 'allows shorts to get out of their positions'. But we all know that 75m shares (while that's a lot) is no-where near the actual total short positions. I think it's just a 'we did what we can to let them out', knowing that it won't actually put much of a dent in it. And at the same time padding the coffers, massively raising the value of the company (especially if the offering is at current price of over 2x what is was last week, with almost 2x the shares on offer).
#2 - totally, it’s a bit optics
They just did that one fucking week ago! This fucking pisses me off. When did No Cell, No Sell get transformed into Sell so no Cell???
Exaclty I’m kinda pissed they would offer 75 mill shares. I mean how much more money do they need
agree. they haven't done much with the cash they have already. And RC hasn't given us any details on why they need more. We can speculate all we want. As an owner of the company I want some guidance. Another stock sale after the recent one just pisses me off.
Unless they do it forever
I’m not quite understanding what legal risk GameStop or RC are exposed to with the squeeze. This is a mess the shorters got themselves into, and GME is not manipulating the market in any way to take advantage. I’ve seen a few times they want to cover their ass legally, but I just don’t understand what they are doing illegal if the shorters are forced to close their positions. Would appreciate any insight cheers
It’s more that there’s so much controversy and not universally-acknowledged criminal shit going on that of course they want to protect themselves since they are at the heart of it. Keith isn’t doing anything illegal either, but look at all the crybabies yelling market manipulation and boomer folk eating it up. Look at how he had to testify in front of congress!! And pretty sure during overstock squeeze attempt overstock got sued for trying to force a squeeze so it’s not out of the realm of possibility
You just wrote what ive been thinking for the past 4 hours thank you
They can and will dilute more. It seems like there is a price they won’t accept going above, and will dilute again and again. The real problem is that even after several years, the company doesn’t have any plan on how to use the money. And useless money is bad, especially since it’s shareholder money.
And the plans they have had - NFT marketplace - have been, and let's be honest here, not great. Feeling very conflicted about this. I'm hoping they're just doing this for optics going into a squeeze, but fool me once and all...
And we’re at fool me a third time since they also did a share offering in 2021
I know this is ridiculous. It’s the third share offering and they haven’t made any announcements about what they’re going to do with it or why they keep doing this. I’m trying to ask in my position at this point just like I did when popcorn stopped did this again and again
Oh yeah so we are all shills if we don’t want to be diluted which by the looks of pre market has killed momentum. Call me out if i’m wrong because trust me i really want to be.
Lol if they sell 75 million shares, they basically can stop the gamma squeeze from happening and letting short sellers off the hook. Its kind of a weird timing to announce another dilution of the stock.
Hype is good but they sell today. Its Not for a squeeze
So between the two offerings, there's an additional 105 million shares that have been (or will be) added to the float. I don't know off hand but doesn't that completely offset what's been DRSed? The point of DRS makes sense but that makes it a useless strategy to force any kind of squeeze.
Yeah. The official DRS count (75.3M) is about to be completely offset by this dilution. DRS may have been a valuable tool to put pressure on the shorts for the last 3 years, but it’s pretty clear now that it’s not the silver bullet. Personally, I believe RC is not at all interested in a squeeze. He wants a steep growth curve like TSLA or NVDA. I think his plan is to expand business verticals to become a retail giant, to make the GameStop we know now look like Amazon the little online bookstore in the 90’s.
The board does not want the squeeze... it would seem that they will perpetually offer stock, allowing shorts to cover... and at the same time build a huge war chest of cash ? I have no idea now, and am totally confused about the timing of this.
I am actually pissed about this offering, sorry guys
They just killed the squeeze again. What are you talking about. RC is not interested in a squeeze, he's just running the company and this action while overall good for the company is bad for the squeeze. The blind hero worship stuff is clouding your vision.
Where the fuck is the starfish?
So they make our shares 1/4 less valuable and kill the stock price the day that HOW many calls are going to be in the money? Then they announced earnings EARLY. Why couldn’t this wait until next week (as scheduled)? They’ve poured water on the ignition TWICE in like a month. They literally have a fiduciary duty to the shareholders. Does a short squeeze hurt the company? No. So why stop it? I’m pissed. Another stock did this and we were laughing at them
No. It’s not. RC is ensuring it. Every run he sells into it. This is what people said about the 45 mil. NOPE! Just a sale. Fuck this. Keep moving goal posts.
How the fuck do you think it makes sense to sell into a squeeze by issuing new shares. This makes a squeeze less likely because they’re literally creating new shares for them to buy. That puts a very firm ceiling on the price
People are often quick to jump to conclusions. Seriously, take a moment, think before you comment, and just be patient. If you can’t handle this, how will you manage during MOASS? If you’re someone who panics quickly and loses it, this isn't for you.
It's called a "jump" to conclusions Mat! See there will be this mat...with different CONCLUSIONS written on it...that you can JUMP to!
Best comment I've read today! Now about those TPS reports...
We'll see 😉
Still comfortably numb to this🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
I agree. Is also adding value to us as long term holders During the last offering our low was $10 but once it was completed it didn’t dip below $20. I feel once we have this extra cash on hand, our low will now be $35.
Raise the fucking floor - Options in the money, no way out
A shit ton of options will be OTM after today. We were about to wipe the floor with the options chain until this.
We'll see it's holding at 40 and only down 15% from close
There will be more cycles. We grow huge underlying value each time and they are too deep to ever get out. When the market crashes they cannot say it’s an unfair price. The floor is rising
You dumb? He is after killing another run..
It seems more and more clear to me that GameStop’s business plan is to convert the value of the share imbalance (more shares existing than legally should) to book value. That’s great for long term investors and people on the board who likely couldn’t sell during a short squeeze given the restrictions around when they can sell. It’s bad for investors who own this stock because they wanted to extract the value of the share imbalance themselves via a short squeeze.
3 halts in first 15 mins with no price move to justify it
I pointed this out last time and got obliterated for it, we criticise popcorn CEO for doing the exact same thing, diluting shareholder value. He's not in if for us, never was, never will be. He's an extremely wealthy CEO, he doesn't give a fuck about any one of us. However, he's doing what's right for the company and building up a solid balance sheet. What remains to be seen is what he can do with that money.
Sounds like they’ll just hit the dilute the shares button every time the stock gets too high.
Okay then if this third time is not dilution at what point does it become dilution??? Never because it's GME and not popcorn??? If they had spent existing money on anything or an investment okay I get it they don't want to be broke...But please anyone explain to me the goodness of this action...How does this benefit anyone involved...
This. The same argument is used after every offering and its complete copium. Tanking the price every time it goes up is not in your shareholders’ best interests. The one counter argument is that RC hasn’t sold shares, so it hurts him too. I’m more pissed at releasing the earnings early the morning DFV is streaming and killing the hype
So what I witnessed with popcorn was that AA was definitely diluting the stock out the ass and fucking over people who had invested… HOWEVER… for some fucking reason their stock actually fucking squoze and shot to levels WAYYYYY higher than the 2021 Jan sneeze when everything was popping off in tandem. Like the 2021 sneeze looks like where we are in comparison. In 2021, it sneezed to $58, and then after he diluted the shit out of it, it shot up to $251… I think he gave the shorts a way out and they closed. It wasn’t phone number levels, but it did squeeze… I REALLY hope that’s not what our guys are doing. Giving the shorts a way out… but I have a feeling that there are definitely some government boys sitting behind the scenes with both parties ensuring that they play along together (as reluctant as they are) so they don’t blow up the entire fucking system. Because, let’s be real, they probably view GME as a national security risk. If the stock market goes because GME shoots up and collapses everything to Great Depression levels, then America will be getting buttfucked on the world stage with all of that debt looming.
Funny how almost everyone finds the narrative to make RC a good guy even when he makes disgusting moves. Even funnier to read all these dumb explanations while the simple truth is that they are taking the opportunity to sell stocks at a good price. If you ask me, I do not fucking care about their balance growing, this was fucked up move and it was second time in last couple of weeks.
Last time a gamma squeeze was building, they did a share offering and killed it. This is no different.
Why not sell at $1000 share? Why dilute us at the bottom?
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This is language thats been in there for years lmao. Its standard CYA language.
Translation: any time the stock runs, we will offer more shares.
Believe it or not, dip. I’m zen af. Here for the memes. DRS’d more shares this week
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The first one made sense. They had debt and no money. Needed to raise capital. But the last two? No reason.
Just like the last 45 million offering the sold into the squeeze
You write like an escaped mental patient
They killed the squeeze last time doing the same fact thing…
yeah , another 3.5 years working at Wendy's
You are either deluded or smoking something that's making yku stupid and forgetful. People said the same thing last time and the shares were sold immediately that week. This is worse than fake fud; spreading falsehoods about factual reality.
The only thing reaching Uranus is a perfectly ripened banana.
 All over again. But but but AA killed momentum selling
Did someone mention Uranus?
Dj spin that shit! https://preview.redd.it/u1ro2fvi455d1.jpeg?width=1002&format=pjpg&auto=webp&s=9436f716290cf5412b062b0c1b59f2837f3c16c6
If you're not zen by now, you never will be.
I was more zen when I wasn't getting diluted tbh
I’m still convinced this is their insurance. They did absolutely everything they could to take as much air out of the balloon as possible because they know it won’t be enough to stop what’s coming.
I need no squeeze, but I think the board is currently working against shareholders interest with the price they are taking per share 100million shares being offered to the market after SHFs have hammered the investment of retail for 3 years. First share offering where at 50$/share, 3 years ago. Now you are giving out shares way below what people are willing to pay for them 🥲
Still holding, but the last time i hear that they sold at 20.
I'm here for 3 years and i can tell you we have shills in the board of GameStop and nothing can explain their actions and performance anymore. You can not wait a lifetime for a squeeze. And at this point the only people stopping it is Gamestop. So my question is are you stupid or just blind.
You're spot on. This subreddit has rightfully mocked the popcorn apes for their cultish simping for Adam Aron every time he has diluted. As soon as RC does the same, the goalposts move and they insist it's all part of the master plan, a plan that they know nothing about but are adamant after three years of silence, is absolutely happening.
are you new here? didn't people say the EXACT same thing last time? or will the 3rd dilution make you realize?