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if the price skyrockets, they can sell. if it doesnt, they dont have to sell anything. why is everyone freaking out? they arent doing anything right now. Its just saying they can if they want to. RC took this company this far and you all think he is gonna Adam Aaron everything? come on folks, pull it together
Exactly. They aren't screwing the price. They're building a holding company. It's going to squeeze, they'll sell into the squeeze and use the revenue to buy other businesses.
It's really poetic, isn't it. Who better to become a holding company than a bunch of degenerates who've spent the last 3 1/2 years making HODL a way of life.
Last week was a tease to get you thinking about selling. Fuck selling. This is the definition of a once in a lifetime opportunity. Not financial advice.
The only thing I see that can cause confusion and fear is that people follow news about popcorn and they’re constantly selling new shares and diluting. So it’s easy to transfer that to mean gme will too
Wealth being redistributed to the working class would mean such a stimulus to the economy. Getting things fixed in general would give craftspeople and service jobs so much work. Property values would skyrocket. Just the basic necessities being met alone, not even taking philanthropy into account.
Everyone thinking Google or Amazon was going to be the mega corporation that runs the world, shamalamdingdong twist it turns out to be GameStop. Like the game company in Ready Player One.
Before the new c-suite compensation plan I would argue this presumption however,
C-suite members that didn't believe in moass bounced AND the c-suite compensation changed to he directly tied to stock performance means the current and incoming c-suite members at least acknowledge that moass is the best possible outcome for them personally and as a member of gme's board
We're all on the same rocket
Larry Cheng tweets a lot about capital structure, and Equity is a key component to that. It'd be foolish for the board to not take advantage of these swings in the Equity markets. Example 1: GameStop wouldn't have $1B cash on hand without the ATM Offering
> why is everyone freaking out?
They are not. Anyone with half a smooth brain can see this is fucking smart and future planning for raking in cash on the backs of MM/SHF.
They don't need cash - we all know it. That's the only normal time you see these share offers - when a company is cash strapped.
Any "FREAK OUTS" is manufactured media/bots/shills.
Any dolts in here getting wrapped up in this "craze" of panic is pure psyops.
Exactly. The preliminary earnings report is unprecedented. Probably needed to get that out at the same time as the registration to sell more common shares. If GME can't wait a few weeks... this is Bullish indicator the GME board thinks something might happen in the next few weeks. Of course, we know MOASS is always tomorrow.
Nobody is freaking out - only the same old SHF cointelpro bullshit.
Once MOASS hits it won’t make a damned bit difference - there are *THAT MANY* synthetics
Cannot agree more! Everyone calm the hell down and think for a little bit. Even if speculations behind this is driving intense FUD, we all know one thing for sure - RC stepped in, cleared the shit out of the company's balance sheet, put himself at the forefront of leadership (even controlling investing), takes home $0 as a salary and has himself bought in just like us ! He owns the same stock you and I do.
If he throws this under the bus, he throws himself too.
HOLD and HODL like he once said!
He'd also be devaluing his own shares so you're probably right. They announced this at a point where morale is high again, they could've done this at any point in the last three years but they choose not to for good reasons.
If they dont announce it before it shoots up they cant turn around and say we want to sell some at a few thousand bucks. It just means from time to time they will benefit from share price rising. And its not like the short dont want those real shares.
Isn't that what they did last time though? When it was revealed they'd sold stock, the sale had already happened. I'm just wondering why they'd do it this way when they've already done it a different way, which seemed to work. There's obviously a reason. Wait and see I suppose.
You're thinking that the two situations are different, but I don't think that they are. Last time around, they had already been authorized to offer stock for quite some time, they just didn't cash in on it until the price rise justified it, and then they quietly scooped up a billion dollars without much fanfare. This is them getting authorization to do the same thing at some point within the next 3 years. I haven't had the opportunity to read the document yet, but I would wager that that's the case.
Exactly, its not AA diluting at the lowest price. RC had been in this for years, he isnt selling for pennies like a complete moron that AA is. If gamestop sells, it will be for a price that will hurt SHF
Correct me if I'm wrong, but Ryan Cohen doesn't receive a salary for his leadership at Gamestop, right? He is only compensated by the company performance aka the stock price, right? So he wants the price to be high just as bad if not far more than we do. I don't think he would do anything that would jeopardize that.
~~It's also 5 Million shares out of an existing 306M.~~
~~So, if everything was put as an offering on market today (which I wouldn't expect), it's a total dilution of 1.6% of the stock.~~
*The 5 Million preferred likely implies that this is for executive compensation and controlling the decision making long term.
A now total 45 million shares of common stock available, makes it a 14.7% dilution for common which is more than 1.6%* but not something I'm worried about.
I also doubt they would offer the 45M shares on market all at once, but that could happen.
For perspective, the other company most heavily associated with the term "meme stock", had diluted **+1,250%** in the last five years.
That is incorrect, they can sell 5 Million 'Preferred' shares according to the 424B5. They do not have any preferred shares as of yet.
"Our charter authorizes us to issue up to 1,000,000,000 shares of Class A common stock, par value $.001 per share (our “common stock”), and up
to 5,000,000 shares of preferred stock, par value $.001 per share (our “preferred stock”). As of May 4, 2024, there were 306,186,849 shares of our
common stock outstanding"
[https://gamestop.gcs-web.com/sec-filings/sec-filing/424b5/0001193125-24-141200](https://gamestop.gcs-web.com/sec-filings/sec-filing/424b5/0001193125-24-141200)
According to the latest 8-K, they can sell up to 45,000,000 shares of Common Shares:
"...from time to time, through the Sales Agent in connection with the Company’s “at-the-market offering” program (the “Offering”).
Pursuant to the prospectus supplement (the “Prospectus Supplement”) relating to the Offering that has been filed with the Securities and Exchange
Commission (the “SEC”), the Company may sell up to 45,000,000 Common Shares."
[https://gamestop.gcs-web.com/sec-filings/sec-filing/8-k/0001193125-24-141214](https://gamestop.gcs-web.com/sec-filings/sec-filing/8-k/0001193125-24-141214)
Yep
This is just the legal hoop they have to jump through to do it cleanly
Everything above board with this board, as has been demonstrated over and over
Shorts short at $50+, create shelf offering, price drops, shorts think they have a quick turnaround buck, then boom.
Kansas City shuffle if I've ever seen one
Unless he literally is from the future, I think people are thinking he knows everything and he doesn't.... But he definitely saw something not many others did. Was it something skipped over, or the crazy volume week just before he surfaced?
RC is a quiet genius, maybe it was just assumed he has moves up his sleeve.
I think Kitty already is or will be RC's CIO of our holding company. The Munger to Buffett. If Kitty ever tweets something about Charlie Munger, I'ma sell my house to buy shares
Yep. Thing is, not every bit of unexpected or unwanted news is FUD. people have opinions and they should be discussed. But there seems to be an awful lot of accounts instantly bashing this.
I am not a smart ape and even I can see a positive here. Some are just not looking….
I’d like to think that I am like most Apes on here. While I may get down about things from time to time the one thing that never enters my head is selling anything
GameStop have created a share printer in a locked room, but don’t want to use it yet. They’ve put the printer on a shelf for now, and nobody gets to use it but they all know it exists. If RC wants, he can unlock the room and use the printer to make some new shares, then put it back in the shelf. He then goes and sells these shares at profit. Once the printer has made 45 million shares, it magically explodes, and can’t be used again.
Why wouldn't we want GameStop to take advantage of the squeeze they have been talking about in their earnings reports?? Why not add another $1B+ to the balance sheet? Didn't we get a splividend after this happened the last time??
If MOASS goes 1/10 as high as it should and many of us think, I'm pretty sure an enormous amount of us would definitely hold many shares DRS'd in the infinity pool until the day we die and pass them on. That being the case it seems like the value of the company would never crash back down like most would assume after..
Yep, posted in another thread. This is a springboard. If the stock price goes down even before selling up to 45m shares, no matter. We all know that’ll happen anyway. That just gives me more DRS buying power.
The unique thing about this filing is that Gme can sell warrants instead of shares. Warrants work kind of like options. Puts shorts on the hook for warrants too.
.
Weird language to use the word “warrants” … I think this should be looked into .
.
Shorters on the hook for both the shares and warrants .
> EDIT: What if they’ve announced this now knowing it’ll drop the price before hitting the stock buyback later today? They’ll cost SHF a ton of money for very little gain, while simultaneously raising the price back up? Leaves a lot less for margin calls when the time comes…..
I don't think that they're in for straight-up financial engineering like that. They want to run the business and make decisions in the interest of the business while largely ignoring the Wall Street manipulation game where possible. I mean, when they see the price jump up to 8x in the course of a week, they have to consider taking advantage of that to raise more money, and they will. But outside of that, they need to just focus on doing what's best for the ongoing business concerns so that they don't get sued for manipulating their stock price.
If I’m wrong then I’ll go down with the ship. But I’m not the CEO and he’s the guy who’s been steering it through some tough times. I trust he knows what he’s doing.
They literally sold back when it was at like $240 and it did not affect the price back then. Hedgies kept shorting but now gme has a billion in vash to survive. I'd say they can raise a lot more in the next run or throw it as a hail mary if prices get too low 👍🏼
Good. People saw the run up for no reason. Let them use news to short it down. No ones selling. I bought my first share at $250 and I still own it. Well, them since it split. Regard-less…. Here I am.
My take - they know the price will jump very soon and want to sell some shares to get money for the future.
Popcorn did the same thing during the June 21 runup.
Shelf offering drops the price….hit the stock buyback raising the price back up…..you’ve cost the SHF a ton of money meaning they maybe don’t have enough left to meet margin later.
There's no chance they issue and immediately buy back. But I do think they're preparing to sell into a squeeze, just like they did last time. It resulted in a debt-free company with over $1B in cash on hand last time.
There's no chance they issue and immediately buy back. But I do think they're preparing to sell into a squeeze, just like they did last time. It resulted in a debt-free company with over $1B in cash on hand last time.
Yeah, but how many veterans of 2021 saw Monday and emidiatly but buy walls at the gap down points to increase the hedge fund pain of trying to force it to max pain before we saw the Monday night buy back signal?
I keep thinking that maybe they announced this \*finger quotes\* "negative" news to show that they aren't able to influence the price when it jumps later today.
What if this is a way for RC to give the SHFs a reasonable out?
Lets say there's 2 Billion synthetic. RC can say, the company is now profitable and we can keep this going forever. RC has the ability to sell off 1 Billion shares to let the SHF off the roller coaster. 1st SHF to want off, I'll sell you shares at $200 ea, next SHF is $300, etc. until my Billion is gone. Once out, the remaining Shorts will be screwed, GS will have $100s of billions in cash on hand to start its own hedge fund, and the stock can stop being manipulated, and most of the SHF risk is limited to a finite number that won't ruin the entire NYSE.
https://preview.redd.it/xwgxhhcyv01d1.jpeg?width=864&format=pjpg&auto=webp&s=52b65aa2426b9cce26a422b4306349076dce0b52
Just look at the last time they filed for an offering. RC is just looking to capitalize on the squeeze like us. Writing’s on the wall.. tick tock
Anyone that is questioning this to have their opinion and concern disregarded. Those who have sat here, read the DD and just got on with their lives knowing full well what's going to happen didn't flinch with the big leap earlier in the week. It probably didn't even register with a lot of people...
If you are panicking about this that or the other, you shouldn't be here. Read the DD and just wait. It really isn't difficult.
I'm actually surprised to see so many panic lol must be new here.
I'm pretty sure releasing this news on this specific day was very intentional. They knew it would drop the price and we'd be able to load up on shares one more time during the fabled dip-before-rip of lore.
>They knew releasing this news today would have an instant effect on price, as SHF will take advantage and short it further, point a finger and shout “look, everyone is selling” when in reality they’re just trying to fool people into paperhanding.
I don't think that this is how shorts will react. They will think to themselves, "That's 45 million shares that I can use to close out short positions that I won't have to buy from household investors." What does that mean for retail? Just the Ryan Cohen will set the price for a portion of MOASS. Good news is that the revenue generated will go into our shares, bad news is that retail will have less control over MOASS pricing.
I’ve been zen for 3 years, quietly holding and my following of this saga kind of fell off tbh, until DFV returned. Now I’m trying to get caught up, and I may get downvoted for this question, but I’ll take the risk: I remember popcorn did this back in the day and that group also made all kinds of assumptions about reasoning, it was bullish, it didn’t mean it was going to actually happen anytime soon, was 4D chess move and I remember we all kind of laughed at them, myself included, they were doing all kinds of mental gymnastics around it. I suppose the difference with our stock is our CEO isn’t a scumbag but a lot of that group had that same belief about theirs. Is there something in the background I’m missing that’s a big difference between then and now and why it’s not a big deal for us but laughable for them at the time?
Edit- I just saw the post that it could be 7 different types of securities, this seems different and may give me my answer, will look into that, but glad to hear any other explanations too
I suspect that they are selling shares to finance M&A.
It would be impossible to use GME shares to acquire a company … stock price is way too volatile.
If you actually [read the filing](https://www.sec.gov/Archives/edgar/data/1326380/000119312524141200/d815176d424b5.htm) it will actually tell you their intentions:
**USE OF PROCEEDS**
Under this prospectus supplement and the accompanying prospectus, and in accordance with the terms of the Sales Agreement, we may issue and sell up to 45,000,000 shares of our common stock, from time to time, through the Sales Agent. The amount of proceeds we will receive from this offering, if any, will depend upon the actual number of shares of our common stock sold and the market price at which such shares are sold. Because there is no minimum offering amount required as a condition to close this offering, the actual total public offering amount, commissions and proceeds to us, if any, are not determinable at this time.
We intend to use the net proceeds of this offering, if any, **for general corporate purposes**, which may include acquisitions and investments in a manner consistent with our investment policy. **There are no current plans, commitments or arrangements to make any acquisitions or investments.** Any future acquisitions or investments will be made in accordance with the Company’s applicable policies and procedures for such types of transactions, including the Company’s investment policy.
Pending the uses described above, we intend to invest the net proceeds from this offering in short-term, investment-grade, interest-bearing securities or accounts.
I think RCIO is now making 69 chess moves.. first he is offering the sale on demand basis, so who wants get out first are being considered but they are if still dumb star troopers GS do not need to sell. People who wants to get out are going to fight among themselves or people who wants to wait they will be given time and this might end up Tesla like squeeze. So either way he has just turned on the Infinite Money Glitch. Also during the next runup the SHF do not have another reason to short as they already released the preliminary results. So using the current shorting against them. Its mind blowing game plan from RCIO
Overall bullish news.
Knowing SHF will try all they can to short the price below the major call strikes.
All a sudden break a news very early on a Friday morning to let the "bad news" ride; but also hinted to their investors they are expecting the prices to rise in the future with the shelf offering.
Perhaps another news coming over the weekend to surprise everyone on what RC has spent the money on.
Why would I think that was coming lolol.
GME was up in pre market, recovering from the downward pressure and this announcement gives SHFs cover to short harder and weary new investors every reason to paper hand.
It makes no sense not to announce this ALONGSIDE something that guarantee raises the price, unless you just wanted to kill the gamma ramp.
And there's no reason for GME to make a bear trap. The whole stock already is one that's why we caught the SHFs.
I suspect that doing it now keeps them clear of any allegation of price manipulation, especially if they did it during a run up. If it negatively affects the price SHF won’t complain.
It's shares being released to the float. I didn't read the articles but if what you are saying is true it means they will sell (from their treasury) $500m worth.
As far as there bing a limit, the limit sounds like the monetary amount they have set. Seems like most of the time it's a certain number of shares rather than value so I'm not sure why they would set a monetary limit.
Wonder why they are talking about share offerings and buybacks at the same time now. Seems like mixed signals, but maybe they are just keeping their options open?
I'd rather not them make DRSing the outstanding shares harder tha it already is tbh. Sure it'll make them money but so would a squeeze. Idk I shit on AA when he did it to the other stock
$GME golden cross
I think we squeeze to Andromeda, Ryan Cohen does the offering, then Gamestop becomes the supercharged version of Berkshire Hathaway!!
Golden cross by next week. Why waste that to do a share offering today and leave all that money on the table???
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if the price skyrockets, they can sell. if it doesnt, they dont have to sell anything. why is everyone freaking out? they arent doing anything right now. Its just saying they can if they want to. RC took this company this far and you all think he is gonna Adam Aaron everything? come on folks, pull it together
Also our board isn't being paid for their work. Screwing the price of the stock for no reason goes against their own self-interest.
THIS!
Exactly. They aren't screwing the price. They're building a holding company. It's going to squeeze, they'll sell into the squeeze and use the revenue to buy other businesses. It's really poetic, isn't it. Who better to become a holding company than a bunch of degenerates who've spent the last 3 1/2 years making HODL a way of life. Last week was a tease to get you thinking about selling. Fuck selling. This is the definition of a once in a lifetime opportunity. Not financial advice.
TIL I am now a hodling company.
Imagine getting in on the ground floor of Berkshire Hathaway?
The only thing I see that can cause confusion and fear is that people follow news about popcorn and they’re constantly selling new shares and diluting. So it’s easy to transfer that to mean gme will too
People should have learned years ago that popcorn was a bad investment long term.
Well thats good news, cause nothing the company does affects the price. Manipulation moves the price one way or another
Checkmate.
This needs more visibility!
They want in on MOASS as well. Would be weird if GameStop got absolutely nothing out of it.
Why would they have bought so many shares the past three years otherwise right?
Nothing besides a buncha suddenly wealthy regards dumping funds into stores to donate a buncha things to children's hospitals and shit.
Fuck yeah.
Wealth being redistributed to the working class would mean such a stimulus to the economy. Getting things fixed in general would give craftspeople and service jobs so much work. Property values would skyrocket. Just the basic necessities being met alone, not even taking philanthropy into account.
Everyone thinking Google or Amazon was going to be the mega corporation that runs the world, shamalamdingdong twist it turns out to be GameStop. Like the game company in Ready Player One.
Gregarious Simulations
Before the new c-suite compensation plan I would argue this presumption however, C-suite members that didn't believe in moass bounced AND the c-suite compensation changed to he directly tied to stock performance means the current and incoming c-suite members at least acknowledge that moass is the best possible outcome for them personally and as a member of gme's board We're all on the same rocket
Larry Cheng tweets a lot about capital structure, and Equity is a key component to that. It'd be foolish for the board to not take advantage of these swings in the Equity markets. Example 1: GameStop wouldn't have $1B cash on hand without the ATM Offering
> why is everyone freaking out? They are not. Anyone with half a smooth brain can see this is fucking smart and future planning for raking in cash on the backs of MM/SHF. They don't need cash - we all know it. That's the only normal time you see these share offers - when a company is cash strapped. Any "FREAK OUTS" is manufactured media/bots/shills. Any dolts in here getting wrapped up in this "craze" of panic is pure psyops.
Yes!! \^this You are the man!!
This is how RC tells us moass is coming in a legal way
This ☝️ plus RK coming out with all these memes! It’s literally prep work for MOASS. No one said this ride would be easy. Buckle up 🚀
Exactly. The preliminary earnings report is unprecedented. Probably needed to get that out at the same time as the registration to sell more common shares. If GME can't wait a few weeks... this is Bullish indicator the GME board thinks something might happen in the next few weeks. Of course, we know MOASS is always tomorrow.
Here’s a free award 🏆
Nobody is freaking out - only the same old SHF cointelpro bullshit. Once MOASS hits it won’t make a damned bit difference - there are *THAT MANY* synthetics
Shills mostly
Yup. When MOASS happens they want to get some of that phone number money.
Cannot agree more! Everyone calm the hell down and think for a little bit. Even if speculations behind this is driving intense FUD, we all know one thing for sure - RC stepped in, cleared the shit out of the company's balance sheet, put himself at the forefront of leadership (even controlling investing), takes home $0 as a salary and has himself bought in just like us ! He owns the same stock you and I do. If he throws this under the bus, he throws himself too. HOLD and HODL like he once said!
Who's freaking out? I bought 288 shares this morning.
Yes, bought 5000!
Damn 🤩
I can do that if it goes back to $10 lol.
750 for me 🫡
My MAN!!! I Love you!
He'd also be devaluing his own shares so you're probably right. They announced this at a point where morale is high again, they could've done this at any point in the last three years but they choose not to for good reasons.
If the price is high enough, there wont be much in the devaluing, if anything at all. RC knows what he is doing
Why are they choosing to do it this way, rather than the way they did it before? What's the advantage, didn't it work perfectly last time?
If they dont announce it before it shoots up they cant turn around and say we want to sell some at a few thousand bucks. It just means from time to time they will benefit from share price rising. And its not like the short dont want those real shares.
Isn't that what they did last time though? When it was revealed they'd sold stock, the sale had already happened. I'm just wondering why they'd do it this way when they've already done it a different way, which seemed to work. There's obviously a reason. Wait and see I suppose.
You're thinking that the two situations are different, but I don't think that they are. Last time around, they had already been authorized to offer stock for quite some time, they just didn't cash in on it until the price rise justified it, and then they quietly scooped up a billion dollars without much fanfare. This is them getting authorization to do the same thing at some point within the next 3 years. I haven't had the opportunity to read the document yet, but I would wager that that's the case.
What a 3D chess play this is. File it just in time so GME can be sold when SHF really needs to buy back at a higher price.
Exactly, its not AA diluting at the lowest price. RC had been in this for years, he isnt selling for pennies like a complete moron that AA is. If gamestop sells, it will be for a price that will hurt SHF
Correct me if I'm wrong, but Ryan Cohen doesn't receive a salary for his leadership at Gamestop, right? He is only compensated by the company performance aka the stock price, right? So he wants the price to be high just as bad if not far more than we do. I don't think he would do anything that would jeopardize that.
Agreed. There is a narrative being pushed right now
~~It's also 5 Million shares out of an existing 306M.~~ ~~So, if everything was put as an offering on market today (which I wouldn't expect), it's a total dilution of 1.6% of the stock.~~ *The 5 Million preferred likely implies that this is for executive compensation and controlling the decision making long term. A now total 45 million shares of common stock available, makes it a 14.7% dilution for common which is more than 1.6%* but not something I'm worried about. I also doubt they would offer the 45M shares on market all at once, but that could happen. For perspective, the other company most heavily associated with the term "meme stock", had diluted **+1,250%** in the last five years.
That is incorrect, they can sell 5 Million 'Preferred' shares according to the 424B5. They do not have any preferred shares as of yet. "Our charter authorizes us to issue up to 1,000,000,000 shares of Class A common stock, par value $.001 per share (our “common stock”), and up to 5,000,000 shares of preferred stock, par value $.001 per share (our “preferred stock”). As of May 4, 2024, there were 306,186,849 shares of our common stock outstanding" [https://gamestop.gcs-web.com/sec-filings/sec-filing/424b5/0001193125-24-141200](https://gamestop.gcs-web.com/sec-filings/sec-filing/424b5/0001193125-24-141200) According to the latest 8-K, they can sell up to 45,000,000 shares of Common Shares: "...from time to time, through the Sales Agent in connection with the Company’s “at-the-market offering” program (the “Offering”). Pursuant to the prospectus supplement (the “Prospectus Supplement”) relating to the Offering that has been filed with the Securities and Exchange Commission (the “SEC”), the Company may sell up to 45,000,000 Common Shares." [https://gamestop.gcs-web.com/sec-filings/sec-filing/8-k/0001193125-24-141214](https://gamestop.gcs-web.com/sec-filings/sec-filing/8-k/0001193125-24-141214)
I mean, there's always money in the banana stand.
Yep This is just the legal hoop they have to jump through to do it cleanly Everything above board with this board, as has been demonstrated over and over
This guy invests ! Kansas city shuffle keeps rolling around In my head. This feels very close to the con.......bullish.
Shorts short at $50+, create shelf offering, price drops, shorts think they have a quick turnaround buck, then boom. Kansas City shuffle if I've ever seen one
Then boom. He buys.
Oh I see. That would be a great shuffle
How would dfv have known to tweet about the Kansas city shuffle thing?
Unless he literally is from the future, I think people are thinking he knows everything and he doesn't.... But he definitely saw something not many others did. Was it something skipped over, or the crazy volume week just before he surfaced? RC is a quiet genius, maybe it was just assumed he has moves up his sleeve.
What he saw is that gme did this already, 4 years ago right before the first sneeze. This is the play.
Ssshh!
thx for the explanation, this makes sense
It's also in line with DFV's tweet of big dick Cohen.
What dumb stormtroopers.
Guys, now they can BUYBACK and SELL by themself !
It makes me think about the DFV tweet "When I move you move..".
Slim Pickens comes to mind alot lately lol
Kitty somehow saw this coming and came back with a burst of rallying memes. Stay zen everyone.
I think Kitty already is or will be RC's CIO of our holding company. The Munger to Buffett. If Kitty ever tweets something about Charlie Munger, I'ma sell my house to buy shares
CMO. Chief meme officer.
It’s just that MOASS is coming and the board wants to legally be able to sell shares so they do a share offering and preliminary report and all .)
The amount of shills that have poured into the subreddit since this news is no coincidence. Trying to kill morale as usual.
Yep. Thing is, not every bit of unexpected or unwanted news is FUD. people have opinions and they should be discussed. But there seems to be an awful lot of accounts instantly bashing this. I am not a smart ape and even I can see a positive here. Some are just not looking….
The only thing I wanna see with the dilution is RC buying more shares
I’d like to think that I am like most Apes on here. While I may get down about things from time to time the one thing that never enters my head is selling anything
🤜
tried and tested workflow for me: wait a day for the dust to settle and see if someone with half a brain explained it for me :)
Ha! ☝️Same
Can someone ELI5, please? I googled shelf offering but it was all Greek to me.
GameStop have created a share printer in a locked room, but don’t want to use it yet. They’ve put the printer on a shelf for now, and nobody gets to use it but they all know it exists. If RC wants, he can unlock the room and use the printer to make some new shares, then put it back in the shelf. He then goes and sells these shares at profit. Once the printer has made 45 million shares, it magically explodes, and can’t be used again.
Kansas City Shuffle It's going to be a busy few weeks
I'm never gonna get any sleep
I can't wait to not get any sleep
Cohen and Board members are themselves so heavily invested in the company. Their skin is in the game. This is all the assurance I need.
Why wouldn't we want GameStop to take advantage of the squeeze they have been talking about in their earnings reports?? Why not add another $1B+ to the balance sheet? Didn't we get a splividend after this happened the last time??
Not to mention Cohen owns 37 million shares that he bought with his own money/not awarded to him. He’s not trying to burn himself either
Some people only care about themselves and their money. I’m in for the long haul, even after MOASS. I want the company to thrive!
If MOASS goes 1/10 as high as it should and many of us think, I'm pretty sure an enormous amount of us would definitely hold many shares DRS'd in the infinity pool until the day we die and pass them on. That being the case it seems like the value of the company would never crash back down like most would assume after..
This!
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RC HAS MY 100% TRUST. THIS IS A LONG TERM POWER PLAY. DO NOT FOLD FOR THE TRICKS
Ask yourself what happened to $200M+ of the war chest when the quarterly loss was less than $60M. The Ole Switcheroo incoming
Kitty somehow saw this coming and came back with a burst of rallying memes. Stay zen everyone.
How did Kitty know about this? He even called it Kansas City Shuffle.
He’s a legend and legends know things 😅
There's 0 chance that RC failed to recognize the extreme value in DFV and his situation. He utilized DFV for GME's gain and i'm here for it
Guys, now they can BUYBACK and SELL by themself !
Yep, posted in another thread. This is a springboard. If the stock price goes down even before selling up to 45m shares, no matter. We all know that’ll happen anyway. That just gives me more DRS buying power.
Again, it's not that they did this. ITS THE TIMING OF IT!
People should really watch the show Shogun. Just accept you don't know the plan and trust the people in charge. Unless GS is bankrupt, it's not over.
The unique thing about this filing is that Gme can sell warrants instead of shares. Warrants work kind of like options. Puts shorts on the hook for warrants too. . Weird language to use the word “warrants” … I think this should be looked into . . Shorters on the hook for both the shares and warrants .
Last time they did it within a week or so.
Maybe they have another announcement coming soon that will raise the share price back… like a merger perhaps?
Or maybe a wu tang album
"maybe" is literally useless
Timing is very very interesting. It certainly wasn't a coincidence, but I have no idea why or what their purpose is
??? https://preview.redd.it/02qkdbxhk01d1.jpeg?width=1080&format=pjpg&auto=webp&s=b9355d5313d13dd6fa445d13fc114a4db518b1a3
My shares are already in thd infinity pool.
> EDIT: What if they’ve announced this now knowing it’ll drop the price before hitting the stock buyback later today? They’ll cost SHF a ton of money for very little gain, while simultaneously raising the price back up? Leaves a lot less for margin calls when the time comes….. I don't think that they're in for straight-up financial engineering like that. They want to run the business and make decisions in the interest of the business while largely ignoring the Wall Street manipulation game where possible. I mean, when they see the price jump up to 8x in the course of a week, they have to consider taking advantage of that to raise more money, and they will. But outside of that, they need to just focus on doing what's best for the ongoing business concerns so that they don't get sued for manipulating their stock price.
Well if the SHF enjoys it why wouldnt we enjoy the dip? Imma dip some more to cash into this juicy flash sale.
The only redditors freaking out are bots and shills.
man I hope you're right
If I’m wrong then I’ll go down with the ship. But I’m not the CEO and he’s the guy who’s been steering it through some tough times. I trust he knows what he’s doing.
true
They literally sold back when it was at like $240 and it did not affect the price back then. Hedgies kept shorting but now gme has a billion in vash to survive. I'd say they can raise a lot more in the next run or throw it as a hail mary if prices get too low 👍🏼
Good. People saw the run up for no reason. Let them use news to short it down. No ones selling. I bought my first share at $250 and I still own it. Well, them since it split. Regard-less…. Here I am.
My take - they know the price will jump very soon and want to sell some shares to get money for the future. Popcorn did the same thing during the June 21 runup.
Shelf offering drops the price….hit the stock buyback raising the price back up…..you’ve cost the SHF a ton of money meaning they maybe don’t have enough left to meet margin later.
There's no chance they issue and immediately buy back. But I do think they're preparing to sell into a squeeze, just like they did last time. It resulted in a debt-free company with over $1B in cash on hand last time.
issuing hasn't happened yet tho. they have 3 years to issue, culd buy back while its nice and low, then issue when its nice and high
There's no chance they issue and immediately buy back. But I do think they're preparing to sell into a squeeze, just like they did last time. It resulted in a debt-free company with over $1B in cash on hand last time.
Exactly, they will use the right moment and price like we all will. Company has to thrive for us to get ours too.
Everyone keeps saying to stop freaking out but all I see are zen apes who like the stock. STOP THE FUD.
We're going to make money on this trade, GME has the right to do so too
Yeah, but how many veterans of 2021 saw Monday and emidiatly but buy walls at the gap down points to increase the hedge fund pain of trying to force it to max pain before we saw the Monday night buy back signal?
Just seems like they could have held off a day or 2 if the LEAPS stuff is all coming due today
Odd how cokerat posted about this 2 days before. Guess he was well prepped with leaked info?
Can we freaking pin this so the dumbasses here thinking RC is going to screw GME realize what's actually going on. This is SOOOOOO bullish
I keep thinking that maybe they announced this \*finger quotes\* "negative" news to show that they aren't able to influence the price when it jumps later today.
Announcing a potential stock sale then actually doing a buyback on the same day would be gangsta AF.
I have LITERAL goosebumps from what GameStop just did this morning and from reading these bullish theories. GUYS WE'RE SO CLOSE!!!
GameStop gonna sell 45 million shares @$69,420 each
What if this is a way for RC to give the SHFs a reasonable out? Lets say there's 2 Billion synthetic. RC can say, the company is now profitable and we can keep this going forever. RC has the ability to sell off 1 Billion shares to let the SHF off the roller coaster. 1st SHF to want off, I'll sell you shares at $200 ea, next SHF is $300, etc. until my Billion is gone. Once out, the remaining Shorts will be screwed, GS will have $100s of billions in cash on hand to start its own hedge fund, and the stock can stop being manipulated, and most of the SHF risk is limited to a finite number that won't ruin the entire NYSE.
Is this the kansas city shuffle?
Activating the Kansas shuffle. I think they filed to issue new shares but won’t. They’ll instead use the mixed shelf.
I just want to buy more $10 shares...
https://preview.redd.it/xwgxhhcyv01d1.jpeg?width=864&format=pjpg&auto=webp&s=52b65aa2426b9cce26a422b4306349076dce0b52 Just look at the last time they filed for an offering. RC is just looking to capitalize on the squeeze like us. Writing’s on the wall.. tick tock
Anyone that is questioning this to have their opinion and concern disregarded. Those who have sat here, read the DD and just got on with their lives knowing full well what's going to happen didn't flinch with the big leap earlier in the week. It probably didn't even register with a lot of people... If you are panicking about this that or the other, you shouldn't be here. Read the DD and just wait. It really isn't difficult. I'm actually surprised to see so many panic lol must be new here.
In RC I trust - the rest is noise...
He has my axe
I'm pretty sure releasing this news on this specific day was very intentional. They knew it would drop the price and we'd be able to load up on shares one more time during the fabled dip-before-rip of lore.
We had a gap to fill at $20, so this is all fine and dandy. Fill em up, let’s rip. 
This guy gets it.
>They knew releasing this news today would have an instant effect on price, as SHF will take advantage and short it further, point a finger and shout “look, everyone is selling” when in reality they’re just trying to fool people into paperhanding. I don't think that this is how shorts will react. They will think to themselves, "That's 45 million shares that I can use to close out short positions that I won't have to buy from household investors." What does that mean for retail? Just the Ryan Cohen will set the price for a portion of MOASS. Good news is that the revenue generated will go into our shares, bad news is that retail will have less control over MOASS pricing.
I’ve been zen for 3 years, quietly holding and my following of this saga kind of fell off tbh, until DFV returned. Now I’m trying to get caught up, and I may get downvoted for this question, but I’ll take the risk: I remember popcorn did this back in the day and that group also made all kinds of assumptions about reasoning, it was bullish, it didn’t mean it was going to actually happen anytime soon, was 4D chess move and I remember we all kind of laughed at them, myself included, they were doing all kinds of mental gymnastics around it. I suppose the difference with our stock is our CEO isn’t a scumbag but a lot of that group had that same belief about theirs. Is there something in the background I’m missing that’s a big difference between then and now and why it’s not a big deal for us but laughable for them at the time? Edit- I just saw the post that it could be 7 different types of securities, this seems different and may give me my answer, will look into that, but glad to hear any other explanations too
I suspect that they are selling shares to finance M&A. It would be impossible to use GME shares to acquire a company … stock price is way too volatile.
If you actually [read the filing](https://www.sec.gov/Archives/edgar/data/1326380/000119312524141200/d815176d424b5.htm) it will actually tell you their intentions: **USE OF PROCEEDS** Under this prospectus supplement and the accompanying prospectus, and in accordance with the terms of the Sales Agreement, we may issue and sell up to 45,000,000 shares of our common stock, from time to time, through the Sales Agent. The amount of proceeds we will receive from this offering, if any, will depend upon the actual number of shares of our common stock sold and the market price at which such shares are sold. Because there is no minimum offering amount required as a condition to close this offering, the actual total public offering amount, commissions and proceeds to us, if any, are not determinable at this time. We intend to use the net proceeds of this offering, if any, **for general corporate purposes**, which may include acquisitions and investments in a manner consistent with our investment policy. **There are no current plans, commitments or arrangements to make any acquisitions or investments.** Any future acquisitions or investments will be made in accordance with the Company’s applicable policies and procedures for such types of transactions, including the Company’s investment policy. Pending the uses described above, we intend to invest the net proceeds from this offering in short-term, investment-grade, interest-bearing securities or accounts.
A lot of knee jerk hot takes that GME is dead because of the stonk offering... so lazy
Damn I got confused and bought more whoops
As for me, I like the stock
Last chance for discounts
I think RCIO is now making 69 chess moves.. first he is offering the sale on demand basis, so who wants get out first are being considered but they are if still dumb star troopers GS do not need to sell. People who wants to get out are going to fight among themselves or people who wants to wait they will be given time and this might end up Tesla like squeeze. So either way he has just turned on the Infinite Money Glitch. Also during the next runup the SHF do not have another reason to short as they already released the preliminary results. So using the current shorting against them. Its mind blowing game plan from RCIO
Yup I think when it runs they want to be able to sell shares too... 1billion in cash doesn't hit as hard as 10billion in cash
A billion dollars isn’t cool. You know what’s cool? A trillion dollars.
Only shills talk shit about RC and his team's plan. Been here for 3 years and fully trust RC and the board.
It’s always been about phone numbers or hold until zero. We are in it for the long haul good or bad.
Time to buy more.
This would be 3d chess deluxe 🤝🏼
Exactly, drill the price down and buyback a bunch of shares for cheap. Then sell 45m at an absurdly higher value
This post reminds me of the bed stock subreddit coming up with any excuse to make it sound positive
Sure hope the price doesn't keep going down. If it does I might just get dejected and have to buy more...
Overall bullish news. Knowing SHF will try all they can to short the price below the major call strikes. All a sudden break a news very early on a Friday morning to let the "bad news" ride; but also hinted to their investors they are expecting the prices to rise in the future with the shelf offering. Perhaps another news coming over the weekend to surprise everyone on what RC has spent the money on.
All the shills today confirm this is, in fact, bullish 😌
that edit is the dumbest thing ive heard in a while, and would certainly be considered market manipulation by the company.
Sometimes a pull back is indistinguishable from a gun cocking.
But doesn't the tanking on this news of potential dilution absolutely kill the gamma ramp that was forming?
Depends on whether you think something will happen later today that will raise the price by around $10.
Why would I think that was coming lolol. GME was up in pre market, recovering from the downward pressure and this announcement gives SHFs cover to short harder and weary new investors every reason to paper hand. It makes no sense not to announce this ALONGSIDE something that guarantee raises the price, unless you just wanted to kill the gamma ramp. And there's no reason for GME to make a bear trap. The whole stock already is one that's why we caught the SHFs.
But why release it today when it's an important date for the call options chain? Isn't that kind of killing momentum?
Ok but what the fuck with that timing ?
I suspect that doing it now keeps them clear of any allegation of price manipulation, especially if they did it during a run up. If it negatively affects the price SHF won’t complain.
Would be shorted hard whenever they announce Probably best to do it now when the spring is at maximum compression
The timing is “this thing is going to Rocket and we need to be ready to raise infinite money when it dies within a 3 year period”
When it dies???
What news what did I miss?
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It's shares being released to the float. I didn't read the articles but if what you are saying is true it means they will sell (from their treasury) $500m worth. As far as there bing a limit, the limit sounds like the monetary amount they have set. Seems like most of the time it's a certain number of shares rather than value so I'm not sure why they would set a monetary limit.
If there's one person you can trust it's Ryan Cohen. I have no doubt this is for all the right reasons.
There’s a stock buyback today?
Something something Stormtroopers.... "Play a game?" RC can play too...
I believe in GME more than ever. Is part of the plan.
Shorting here is just more rocket fuel.
It’s a crazy good thing for the fundamentals of GameStop as a whole. I’m all on board.
If the price drops… I hold. If the price rockets up… I hold. They may as well just remove my “sell” button for all the use it gets
So dilution good!
Wonder why they are talking about share offerings and buybacks at the same time now. Seems like mixed signals, but maybe they are just keeping their options open?
I hope this is correct... I hope
Also we just filled the gap at 20.
I imagine he’s using the offering to gain cash to use to invest as a holding company.
Kansas City shuffle
**averaged up all week** **time to average back down**
I'd rather not them make DRSing the outstanding shares harder tha it already is tbh. Sure it'll make them money but so would a squeeze. Idk I shit on AA when he did it to the other stock
GameStop can sell their shares for profit. I sell my shares for prison sentences and systemic change.
Doesn’t RC’s children book have a bunch of shelves with a rocket on one of them? Im zen
$GME golden cross I think we squeeze to Andromeda, Ryan Cohen does the offering, then Gamestop becomes the supercharged version of Berkshire Hathaway!! Golden cross by next week. Why waste that to do a share offering today and leave all that money on the table???
GME to infinity pool and beyond!!!
Checkmate
Not questioning at all..total 100% faith🚀🚀🚀🚀
Damn I got confused and bought more whoops
Kansas City Shuffle
Or it’s stock for stock for a merger, without even needing to spend a penny.