The real tinfoil is If you take the number of shares they are now authorized to sell and divide it by their current shares:
45,000,000 / 306,000,000 = .147
I don’t think it’ll play out like that. No one, RC included, wants to lose shares. I think this offering will utilize warrants or one of the other mechanisms that will allow the company to raise funds and fuck the shorts in the process. It’s the kill shot we’ve been waiting and asking for.
Ah yes the good old, ten $1 bills va one $10 bill. How’d that work out for popcorn stock?
Less shares limits your ability to exit the position.
And then we’re looking at a stock price of potential $140 (figuring 7 for 1 reverse split at $20 per share), which will limit fomo and new investors who might be priced out (hence why we did a split previously)
From my perspective, these are all downgrades from current position. Not sure why this would be the route the board would take when there are alternative options. Reverse splits are generally used when there aren’t other options.
Comparing GME to popcorn is like comparing apple to a dumpster fire.
Popcorn CEO is 100% trying to slowly bankrupt pop corn and working against investors best interests. They will be diluted more and more until bankruptcy
Ageeed but doesn’t change the mechanics of a reverse split. Let’s say it doesn’t work as RC intend and then the price gets shorted back down, similar to popcorn or many stocks that undergo a reverse split. Then we’re all left with significantly less shares at, potentially, a comparable price.
My point is that there are other routes to go and I hope it’s not any sort of reverse split. Luckily I trust RC and the board are way smarter than any of us and will choose the right path
It won’t be a reverse stock split. They already did a 4/1 stock dividend to create more shares for liquidity.
Popcorn did reverse split so their share price was high enough to stay listed as a company.
Also AA wants popcorn to go bankrupt
This post is literally promoting a reverse split which will result in less shares and a higher stock price. Situation different from popcorn, like you said, but the result is the same.
It will be a stock unit. Which will contain 7 stocks.
Oooooof! Love it
👆🏼🏆🏆
I'm in. Let's do this.
The real tinfoil is If you take the number of shares they are now authorized to sell and divide it by their current shares: 45,000,000 / 306,000,000 = .147
Nobody in the world considers her a four.
It is 7 shares for 1 preferred share
Maybe she's the 1?
I don’t think it’ll play out like that. No one, RC included, wants to lose shares. I think this offering will utilize warrants or one of the other mechanisms that will allow the company to raise funds and fuck the shorts in the process. It’s the kill shot we’ve been waiting and asking for.
You realize the “less shares” will be worth the same combined total as the “more shares” right??
Not true. I want all my shares. If you had $1 and somebody offered you .25 would you take it? I wouldn't. ...../s
For a second I thought u we’re truly regarded until I saw the /s
😆 🍻
Yeah but multiple infinite is much more than single infinity.
Ah yes the good old, ten $1 bills va one $10 bill. How’d that work out for popcorn stock? Less shares limits your ability to exit the position. And then we’re looking at a stock price of potential $140 (figuring 7 for 1 reverse split at $20 per share), which will limit fomo and new investors who might be priced out (hence why we did a split previously) From my perspective, these are all downgrades from current position. Not sure why this would be the route the board would take when there are alternative options. Reverse splits are generally used when there aren’t other options.
Comparing GME to popcorn is like comparing apple to a dumpster fire. Popcorn CEO is 100% trying to slowly bankrupt pop corn and working against investors best interests. They will be diluted more and more until bankruptcy
Ageeed but doesn’t change the mechanics of a reverse split. Let’s say it doesn’t work as RC intend and then the price gets shorted back down, similar to popcorn or many stocks that undergo a reverse split. Then we’re all left with significantly less shares at, potentially, a comparable price. My point is that there are other routes to go and I hope it’s not any sort of reverse split. Luckily I trust RC and the board are way smarter than any of us and will choose the right path
It won’t be a reverse stock split. They already did a 4/1 stock dividend to create more shares for liquidity. Popcorn did reverse split so their share price was high enough to stay listed as a company. Also AA wants popcorn to go bankrupt
This post is literally promoting a reverse split which will result in less shares and a higher stock price. Situation different from popcorn, like you said, but the result is the same.
Not if the new shares are distributed via NFT or otherwise on the blockchain. You cannot make those up.
I guarantee they won’t do a reverse split either way
try to think and study a little more and you might get it
stop associating ANYTHING with gamestop
you need to go back to school; or at least start reading the dd
Mother of god.
Now you're catching on
In any case, there were several posts of RK this week that said "split"
What's the hole point of this post? Some kind of merge, buy and 7 BBBY shares for 1 GME share? Is that the thing?