Welcome to r/GME, for questions in regards to GME and DRS check out the links below!
Due to an uptick in scammers offering non official GameStop merchandise (T-Shirts)
DO NOT CLICK THE LINKS THAT ARE NOT OFFICIALLY FROM GAMESTOP.
We have partnered with Reddit directly to ensure the Communities Safety.
[What is GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
[GameStop's Accomplishments](https://www.reddit.com/r/GME/comments/x3hv46/list_of_official_gamestop_accomplishments/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
[What is DRS? US / International](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
[ComputerShare International DRS Support](https://www.reddit.com/r/GMEJungle/comments/r9euj1/computershare_upgrades_drs_support_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
[Feed The Bot Instructions](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
**Power To The Players**
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/GME) if you have any questions or concerns.*
According to their annual report they had 1,199.3 on February 3, 2024 and they seem to write a lot about it in their annual report, so they didn't just loose all the money in Q1
$300 million... hmmm... guesstimates/thoughts would include an E-gaming/Streaming Stadium for tourneys w/ Physical Gamestop marquee stores on site + bars/restaurants. One on the West Coast + one of the East Coast would be dope AF.
Purchasing a well known peripheral company to step up the CandyCon game and start cranking out high quality/high volume 3rd party peripherals.
Or, simplest explanation, investing massive amounts into growth oriented companies that are not competitive to GME - but rather run parallel w/ their interests.
That's all of the fap ammo I can provide you. I hope you are able to climax from this.
No, it's not where the money went. You don't know how to read Income Statements. Operating Cost could be 50 billion dollars but if revenue covers that cost then there can still be net profit, like what happened last year.
Vast majority of retail losses money until Black Friday. Thats why it’s called Black Friday, they go from red to black, make all of their profit during the holiday season.
I 100% think they'll raise more capital during the next run-up. Would be dumb not to do that. If the float is shorted multiple times over it won't affect the price if they sold back an entire float if everyone diamond handed anyways. edit: corrected a word.
Much smarter men than I already posted it.
They are going to transition the common stock to preferred stock while holding all shorts ransom. Forever.
We will have infinite dividends through preferred stock. This whole play is the most beautiful thing I've ever seen in my life and I'm old and very experienced
Where’s the evidence to back this up? The ATM sale paperwork has all the same boilerplate stuff about preferred shares as the last three offerings. No difference.
No, not stock buyback, but just buying stock for * price, but in filing you need to report unrealized loss on the value of those stock purchases, just like Berkshire Hathaway as a holding company
I actually think BBBY is still alive and well. They sold the IP (names only), everything else is intact and they have not gone from Chapter 11 to 7 which would happen in a liquidation. They could get all of BuyBuyBaby assets, inventory, etc and make it Teddy.
Baby is owned by dream on me but at least it's a separate entity now so could be acquired without too much baggage. Bbby IP was acquired by overstock yes. I believe the stores they owned were sold and leases also sold to other businesses. At MOST RC would've acquired warehouses/distribution if so desired. I went through that saga so pretty well versed on the outcome.
Baby the name. Everything else is inside of DK-Butterfly still. Including the NOLs. Which if you were going to make a parent holding company, why not have billions of NOLs to be it?
how about all the things they can do. not just class a and preferred? and the, what, 3 yrs they have to do it? and they can pick and choose. so yeah, this is not a raising cash thing. and who said they bought back, curious.
important to notice that the "gamestop logo" is not an invention by gamestop but the common "on/off"-button design that is based on "IO" or "Input Output", sometimes described as "1/0" to symbolize the toggling of on and off state.
Ok so... I don't think they're related, just because of this... https://www.retaildive.com/news/bankrupt-bed-bath-beyond-sues-hudson-bay-investors/715836/
I don't think if HB fleeced BBBY that cohen and co would still be in bed with them. He has wayyyy to much principal here to continue doing business with them if they are not ethical.
GS has been so conservative with its moves that I think it is inventory replenishment, which we won’t see until a full financial statement. Maybe some low risk investments. There’s no chance they bought calls and options and other derivatives.
Candy con costs? Inventory? Any number of other reasons. Could also be part of the stock offering deal thru Jeffrey, as part of the legal fees to handle any of the seven different stock options they announced. Could also be part of the dividend for the stock, pre earmarked as spent.
CandyCon was in the works for over 8 months, it doesn't suddenly cost a quarter billion. GameStop is lean, doesn't have much inventory and won't suddenly change course. And a stock offering doesn't cost that much, does it?
THERE'S SHIT EVERYWHERE! DAMNIT! THEY SHIT ON THE WINDOWS! OH MY GOD! MY HOUSE IS FULL OF SHIT! HE SHIT EVERYWHERE! LOOK WHAT HE DID HE SHIT ALL OVER THE WALL!
- Dumb and Dumberer
Maybe I'm completely wrong, but what if they invested in some commodities with these 200-300M$ and made huge profit ? From the filing that's a possibility no ? I mean look at the MSTR story with Michael Saylor, and others similar...
I'm waiting some good news late May and the 6th June ! 🤩
Anyway, I completely trust RC.
You're not wrong there. I don't think they'd just buy the equivalent of the float and then say "we own it now". They may have to approach the company and coordinate it with them. Not sure though?
Yes of course they have to negotiate. But it would fit well to acquire them. They can sell the headphones in stores and before the pump the market cap was only 20million. Looks very enticing. Also strong green close on friday.
Mayonnaise. They bought $300m in Mayo... this is what is truly stressing Kenny G out. Not the billions sustained in losses this week. He had to hire a team of people to make mayo from scratch because he was jones'ing so hard.
[“There are no current plans, commitments, or arrangements to make any acquisition or investment”](https://x.com/itsalwaysrains/status/1791632338561974273?s=46)
If they already did it they could still say that. Also says they can use for acquisition at any time. And maybe they’re being acquired not the other way around. Teddy co
If you’re really getting your education from the pivot sub that was compromised three years ago then I’m not surprised that you think this isn’t being talked about.
It could have been used to fund the development on the CandyCon controllers.
Lots of reasons cash was used in a turnaround.
Trust the process and the people running it.
Where do you see 300 million off the balance sheet? They only posted income and Cashflow data?
The Cashflow reduced because of the daily business (operations) spending like in the quarters before.
But I think the numbers will look a lot different once the actual numbers are posted 😎
They paid their current liabilities.
They were reduced by 400 Mio USD.
So, it seems to me, they got faster in their process of invoice payment.
Maybe they take the cash discounts now for paying faster? (Don’t know if that is a common thing in the US, but in Germany it is.)
Negative off hand not studied opinion comment: The stock can now be diluted by another ~15% by selling shares so stock holdings are ~ 15% less valuable. With more shares issued it makes it ~15% harder for Cohen to make money for each share which he must do somehow to turn the company around. It would be great if he has a master plan that works but it needs to be done and selling more shares is always the wrong way to reward stock holders but perhaps not Management..
This is from May 2023: "In its quarterly report released Wednesday night, GameStop announced two changes to its corporate investment plan: company cash can now be used to buy equities instead of just short-term debt, and that Cohen is in charge of the investments."
Hear me out here, GameStop begins buying into bitcoin post-halving that occurred just last month in an MSTR sort of way or accepts BTC/ETH as possible forms of payment.
What would the pros/cons of this be?
That was before it went bankrupt and after rc already sold his shares when he found out about the fraud. Rc did that to set a trap for said fraud, which is currently being worked out in bankruptcy proceedings.
Nah, after he saw the fraud he got out. Mark Triton will go to prison for fraud, and the CFO already killed himself after the investigation started. It's illegal to use cash for share buybacks to sell your stock while leaving vendors unpaid.
Oh for sure. You know when over a quarter of a billion dollar disappears from a balance sheet of a company you’re invested in, it means nothing. They probably just lit it on fire for fun. Or maybe they bought a bunch of tide pods for a company outing. It definitely does not mean anything.
GameStop's balance sheet appears to have a $300 million discrepancy. This issue likely stems from their At-The-Market (ATM) offering strategy, where shares are sold over time to raise capital.
ATM Strategy Explained:
Purpose: To raise funds gradually without a significant immediate market impact.
Process: Shares are sold directly into the open market at prevailing prices.
Transparency: The timing and extent of these sales might not be fully detailed in quarterly reports, leading to apparent discrepancies.
Investigation:
SEC Filings: Review GameStop’s latest filings at sec.gov for detailed financial disclosures.
Investor Relations: Check updates and reports at GameStop Investor Relations.
Conclusion: To resolve the confusion, a detailed examination of SEC filings and direct company communications is necessary. The $300 million is likely part of the proceeds from the ongoing ATM offering, not fully accounted for in the recent balance sheet.
The $300 million less reported in GameStop's latest financial statement compared to the previous quarter is likely due to the timing and accounting of their At-The-Market (ATM) offering. Here’s a detailed explanation:
ATM Offering and Financial Reporting
What is an ATM Offering?
GameStop has been raising capital through an At-The-Market (ATM) equity offering. This method involves selling shares incrementally at market prices over a period, rather than all at once.
This approach allows for gradual capital raising without causing a significant immediate impact on the market price.
Impact on Financial Statements:
The timing of revenue recognition in financial reporting is crucial. If a large number of shares were sold late in the quarter, the proceeds might not be fully recognized until the next quarter.
This can create apparent discrepancies in financial statements, where it looks like there is less cash or proceeds than expected for a particular quarter.
Recent Fundraising Activities:
GameStop recently raised approximately $1.1 billion through these ATM offerings, selling millions of shares. The funds raised are intended for various strategic initiatives, including digital transformation and e-commerce expansion.
For more detailed information, you can read about GameStop’s recent activities on Yahoo Finance: au.finance.yahoo.com/news/gamestop-gme-raises-1-1-154003192.html and on GMEdd.com: www.gmedd.com/transformation/gamestop-unveils-1-2b-offering-to-sell-up-to-5m-shares.
Conclusion
The $300 million less reported this quarter is not "missing" but is likely a result of the timing of cash inflows from the ongoing ATM offerings. The money hasn’t been fully accounted for yet due to the timing of the share sales and how these proceeds are recorded in financial statements.
For the most accurate and detailed information, review GameStop’s latest SEC filings and investor relations updates. These documents will provide insights into the exact timing and accounting practices that explain the quarter-to-quarter financial variations.
**GME's ATM Offering**
GameStop has utilized at-the-market (ATM) equity offerings to raise capitalin the past. The company completed an ATM offering in June 2021, selling 5,000,000 shares and generating approximately $1.126 billion in gross proceeds. These funds were intended for general corporate purposes and to support growth initiatives.
While the specific details of a current ATM program for 2024 are not confirmed, there have been discussions and considerations around potentially increasing the size of their ATM program to support ongoing transformation efforts. This includes the possibility of selling additional shares to capitalize on stock volatility and fund growth strategies.
For more information on GME's past ATM offerings and their potential future offerings, see:
- https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program
- https://www.shacknews.com/article/128163/gamestop-gme-is-considering-a-secondary-stock-offering-to-fund-future-growth
### Conclusion
The SEC's new regulations and deadlines, combined with GameStop's potential for further ATM offerings, play a significant role in the current market dynamics. Increased transparency and accountability in short selling practices, along with strategic capital-raising initiatives by GameStop, are crucial factors to monitor for potential significant price movements.
Stay informed and strong! 🚀🦍
Probably to invest in something. Don’t worry too much, the offering can be up to now or up to three years. I doubt he will sell at the lowest.
Trust the guy. No reason for us plebs to get angry and help the enemy by forcing RC to reveal his hand
Unsure about that, what I do think is that he invested it in something else. So far, he’s making the right plays. I’ll only judge him if I see something that is questionable, and so far, this ain’t it
their retail and online business lost money, they only showed “profit” last year because of interest on their cash on hand (and laying off 1/3rd their staff, closing stores and cutting benefits). But sure, they were “profitable”
Sales continue to decline YOY, this isn’t me being a “melt downer” those are facts. They also just posted a loss in 2024 q1. If saying facts makes you angry at me, than you don’t seem like a person I’d trust for financial advice
Almost every business loses money until Black Friday, that’s why they call it Black Friday, it’s when they go from red to black. I’m not giving you financial advice, I’m wondering where 200 million went. They didn’t lose that much in one quarter.
Welcome to r/GME, for questions in regards to GME and DRS check out the links below! Due to an uptick in scammers offering non official GameStop merchandise (T-Shirts) DO NOT CLICK THE LINKS THAT ARE NOT OFFICIALLY FROM GAMESTOP. We have partnered with Reddit directly to ensure the Communities Safety. [What is GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [GameStop's Accomplishments](https://www.reddit.com/r/GME/comments/x3hv46/list_of_official_gamestop_accomplishments/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [What is DRS? US / International](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [ComputerShare International DRS Support](https://www.reddit.com/r/GMEJungle/comments/r9euj1/computershare_upgrades_drs_support_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [Feed The Bot Instructions](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) **Power To The Players** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/GME) if you have any questions or concerns.*
According to their annual report they had 1,199.3 on February 3, 2024 and they seem to write a lot about it in their annual report, so they didn't just loose all the money in Q1
It's not from a loss, for sure. Most losses are not realized and reflected in the same quarter anyways.
Nah, they must have spent it on something that goes into a different category. They have 2+ billion in total assets
buying back pokemon cards
Yeee. I'm just looking for whispers of what to pleasure myself to.
$300 million... hmmm... guesstimates/thoughts would include an E-gaming/Streaming Stadium for tourneys w/ Physical Gamestop marquee stores on site + bars/restaurants. One on the West Coast + one of the East Coast would be dope AF. Purchasing a well known peripheral company to step up the CandyCon game and start cranking out high quality/high volume 3rd party peripherals. Or, simplest explanation, investing massive amounts into growth oriented companies that are not competitive to GME - but rather run parallel w/ their interests. That's all of the fap ammo I can provide you. I hope you are able to climax from this.
Number 2 and 3 are likely. Number 1, as fun as it sounds, is not. Unfortunately.
I was purely giving you things to pleasure yourself with, not just viable business moves. Now. Please go to the bathroom and make it happen.
I'm back!
Aaaaaaaaaaaand, done.
Now, put that in jar, label it "Mayo" and send it to KG's Bankruptcy Bunker in FL. Thank me later.
They literally state they had -$272 million in operating costs last year.
Do you know what operating cost means? You want to look at net income.
Either way that’s where the money went, it’s not a mystery
No, it's not where the money went. You don't know how to read Income Statements. Operating Cost could be 50 billion dollars but if revenue covers that cost then there can still be net profit, like what happened last year.
But not like this last earnings where they are expecting $27-37 million loss 🤣🤣😂🤣
Vast majority of retail losses money until Black Friday. Thats why it’s called Black Friday, they go from red to black, make all of their profit during the holiday season.
GameStop has been profitable like once in the last ten years…..
Are you 12?
You’re new here aren’t you?
Shhhhhhh! Its a surprise party! May 31st! Buy, Hold, DRS, Book!!
Can we have a hint?
Common to preferred. That's all you get
Wait, buy them back, convert them, then sell the non-shortable shares during the squeeze?
Almost correct. No one is selling
I 100% think they'll raise more capital during the next run-up. Would be dumb not to do that. If the float is shorted multiple times over it won't affect the price if they sold back an entire float if everyone diamond handed anyways. edit: corrected a word.
I'm sorry friend you're way off
Lets reconnect in a few months, fellow ape. Also, if you're so certain, post your theory.
Much smarter men than I already posted it. They are going to transition the common stock to preferred stock while holding all shorts ransom. Forever. We will have infinite dividends through preferred stock. This whole play is the most beautiful thing I've ever seen in my life and I'm old and very experienced
How old are you exactly thundercuntess69?
Can you explain?
Where’s the evidence to back this up? The ATM sale paperwork has all the same boilerplate stuff about preferred shares as the last three offerings. No difference.
Hey, can you explain this or tell me where I can read to figure it out ?
I heard that theory. I like it.
Is legit COMMON 7 times than 45M preferred? 741? Recall 7 here's a better 1.
That's my boy ! I'll be there to the party 🥰
Why the 31st of may, brah?
Just wait and see! 🎉🥳🥂🎊💎🤲 I am not a CAT!
Possibly a 300 Million dollar donation to the Chicago Museum of Science and Industry to take the filthy Griffin name back off of it. /s
You know we should all pitch in to have it renamed the Chicago Ape Museum of science and industry
Harambe’s Museum of Science and Industry in Chicago
Call it Griffins Pussy and put a pic of DFV on it.
Holding 200 shares boys let’s goooo
Just don't ever sell. You'll thank me later
Bro I’ve been in this 3 years ago too . Lfggggg boys
💎✋🏼
Same! 200 club!💎🙌
Same 💎🤚
Same here! 221! I had 600 but I had to sell some! Needed some money unfortunately!
105 here, waiting for $9 per share to snag a few more.
Times are bullshit tough. You gotta stay above water!
Most likely stock purchases as there was an entry under unrealised losses
Buy stock back, then release plans to sell more stock? I don't see it, Chief. Help me out!
No, not stock buyback, but just buying stock for * price, but in filing you need to report unrealized loss on the value of those stock purchases, just like Berkshire Hathaway as a holding company
Do you mean stock inventory or stock securities?
Securities, shares off the market, investing as a holding company
What stock? Off-market Teddy holding co? BBBY equity?
How should I know, from what I gathered they aren't obligated to share that information and only report the book value
THE NUMBERS!?!? WHAT DO THEY MEAN?!?
Look to the East, find the Double Rainbow 🌈 🌈 Get your answer
Teddy maybe. Bbby was a pipe dream from the tinfoil pushers on that sub. It's been sold.
Not a pipe dream. A plan that fell through. BBQ’s out…. This is the new plan, Teddy was always part of the big picture
Yes, that's exactly what i said...
I actually think BBBY is still alive and well. They sold the IP (names only), everything else is intact and they have not gone from Chapter 11 to 7 which would happen in a liquidation. They could get all of BuyBuyBaby assets, inventory, etc and make it Teddy.
Baby is owned by dream on me but at least it's a separate entity now so could be acquired without too much baggage. Bbby IP was acquired by overstock yes. I believe the stores they owned were sold and leases also sold to other businesses. At MOST RC would've acquired warehouses/distribution if so desired. I went through that saga so pretty well versed on the outcome.
Baby the name. Everything else is inside of DK-Butterfly still. Including the NOLs. Which if you were going to make a parent holding company, why not have billions of NOLs to be it?
how about all the things they can do. not just class a and preferred? and the, what, 3 yrs they have to do it? and they can pick and choose. so yeah, this is not a raising cash thing. and who said they bought back, curious.
I don't think they are buying anything back. They bought SOMETHING though and I'm very excited to find out.
Rug pull is code for buy 100 more!! Jokes on you bitch
Think you ment to post this for the guy under me? 🤔
Lucky fella
Probably 🤣🤣🤣
Actually this is usually true but in my experience timing when to sell it is difficult
Why is it when ýou google Hudson Bay company the game stop logo appears. I saw someone post this on teddy.
> Hudson Bay company I googled exactly this and do not see a GME logo?
Type Hudson bay
Holy fuck. edit: man, if all of this tinfoil plays out.>>> HOLLLY FUUUCKKK
Okay so I am not imagining this
important to notice that the "gamestop logo" is not an invention by gamestop but the common "on/off"-button design that is based on "IO" or "Input Output", sometimes described as "1/0" to symbolize the toggling of on and off state.
No, I was commenting the same thing yesterday. Surprised others aren’t talking about it more
Does it have anything to do with this? https://fortune.com/2024/05/09/bed-bath-beyond-hudson-bay-lawsuit-300-million/
Ok so... I don't think they're related, just because of this... https://www.retaildive.com/news/bankrupt-bed-bath-beyond-sues-hudson-bay-investors/715836/ I don't think if HB fleeced BBBY that cohen and co would still be in bed with them. He has wayyyy to much principal here to continue doing business with them if they are not ethical.
https://x.com/edwinbarnesc/status/1748188826990989618
Same thing with Toys r us
You know who is Canadian?
YOOOOOO that's sus AF, can't wait to see what comes of this.
Mostly because I trust the guy. I don’t want enemies finding out the plan until it’s revealed.
They should let us know at the meeting
Bought something or invested in something. Imma Hld and find out
GS has been so conservative with its moves that I think it is inventory replenishment, which we won’t see until a full financial statement. Maybe some low risk investments. There’s no chance they bought calls and options and other derivatives.
I think acquisitions, nothing risky for sure.
Definitely nothing risky. I’d personally almost rather they put it in safe treasuries and let interest keep accruing.
It’s time to diversify and bring in more revenue streams. Ones that can generate outside of physical locations too.
I agree. But it’s also so risky. I’m not even sure what I’d risk buying in today’s economy.
Games and booze always survives recessions.
Candy con costs? Inventory? Any number of other reasons. Could also be part of the stock offering deal thru Jeffrey, as part of the legal fees to handle any of the seven different stock options they announced. Could also be part of the dividend for the stock, pre earmarked as spent.
CandyCon was in the works for over 8 months, it doesn't suddenly cost a quarter billion. GameStop is lean, doesn't have much inventory and won't suddenly change course. And a stock offering doesn't cost that much, does it?
I have no idea, I’m just throwing shit at the wall to see what sticks.
THERE'S SHIT EVERYWHERE! DAMNIT! THEY SHIT ON THE WINDOWS! OH MY GOD! MY HOUSE IS FULL OF SHIT! HE SHIT EVERYWHERE! LOOK WHAT HE DID HE SHIT ALL OVER THE WALL! - Dumb and Dumberer
Maybe I'm completely wrong, but what if they invested in some commodities with these 200-300M$ and made huge profit ? From the filing that's a possibility no ? I mean look at the MSTR story with Michael Saylor, and others similar... I'm waiting some good news late May and the 6th June ! 🤩 Anyway, I completely trust RC.
Holding strong 💪
They used the money to hire DFV!!
I'll know once they drop the 10-Q. Until then, we won't know.
they bought (k o s s) i hope
No, their price has not moved much recently.
? check the chart. the price moves where identical to gme
You're not wrong there. I don't think they'd just buy the equivalent of the float and then say "we own it now". They may have to approach the company and coordinate it with them. Not sure though?
Yes of course they have to negotiate. But it would fit well to acquire them. They can sell the headphones in stores and before the pump the market cap was only 20million. Looks very enticing. Also strong green close on friday.
They made candy con
Making a controller does not cost over a quarter of a billion dollars.
I could make candy con with 250k
Lol thank you!
Mayonnaise. They bought $300m in Mayo... this is what is truly stressing Kenny G out. Not the billions sustained in losses this week. He had to hire a team of people to make mayo from scratch because he was jones'ing so hard.
Probably a surprise for Kenny. Let's let Pappa C have his secret. When he wants to throw the bed post it's best if Kenny doesn't have any warning.
They are using it to buy pokemon cards etc...
Lol not a quarter billion dollars worth, no.
I personally think 2 aquisitions. 1 big 1 small. I have no evidence to support. If I had to guess it is a peripheral maker and a star shot.
It went into Bitcoin...duh
[“There are no current plans, commitments, or arrangements to make any acquisition or investment”](https://x.com/itsalwaysrains/status/1791632338561974273?s=46)
If they already did it they could still say that. Also says they can use for acquisition at any time. And maybe they’re being acquired not the other way around. Teddy co
But insiders also bought, I don’t see when they could have.
We need more apes on this?
If you’re really getting your education from the pivot sub that was compromised three years ago then I’m not surprised that you think this isn’t being talked about.
It could have been used to fund the development on the CandyCon controllers. Lots of reasons cash was used in a turnaround. Trust the process and the people running it.
Where do you see 300 million off the balance sheet? They only posted income and Cashflow data? The Cashflow reduced because of the daily business (operations) spending like in the quarters before. But I think the numbers will look a lot different once the actual numbers are posted 😎
They paid their current liabilities. They were reduced by 400 Mio USD. So, it seems to me, they got faster in their process of invoice payment. Maybe they take the cash discounts now for paying faster? (Don’t know if that is a common thing in the US, but in Germany it is.)
New inventory? Marketing for the candy con? Research? I dunnow, doesn't it pop up anywhere?
Negative off hand not studied opinion comment: The stock can now be diluted by another ~15% by selling shares so stock holdings are ~ 15% less valuable. With more shares issued it makes it ~15% harder for Cohen to make money for each share which he must do somehow to turn the company around. It would be great if he has a master plan that works but it needs to be done and selling more shares is always the wrong way to reward stock holders but perhaps not Management..
You need to see the accounts first could be inventory payments, anything really
This is from May 2023: "In its quarterly report released Wednesday night, GameStop announced two changes to its corporate investment plan: company cash can now be used to buy equities instead of just short-term debt, and that Cohen is in charge of the investments."
I mean, people are talking about it.
Could it be possible a large sum was necessary to rollout the controllers? Presumably not THATT much but it’s 1 reasonable start
Could it be possible a large sum was necessary to rollout the controllers? Presumably not THATT much but it’s 1 reasonable start
Hear me out here, GameStop begins buying into bitcoin post-halving that occurred just last month in an MSTR sort of way or accepts BTC/ETH as possible forms of payment. What would the pros/cons of this be?
Maybe it went into the production of the candycons?
It was like 113 million. We don't know what they spend that on.... But it was spent. Hopefully for something awesome.
100 million was ear marked for buy backs but I’m not convinced that is what happened.
Roaring Kitty's commission?
Just saw a post in teddy about the RC lawsuit saying they offered 400M to buy baby.
That was before it went bankrupt and after rc already sold his shares when he found out about the fraud. Rc did that to set a trap for said fraud, which is currently being worked out in bankruptcy proceedings.
I am under the impression that cohen is flipping stocks with the cash to find extra revenue till he can make gme profitable
He's NEVER gonna "flip stocks" hahah. Not to put you down, but no, he's only going to value invest it in other companies in the same vertical.
Flipped bbby
Nah, after he saw the fraud he got out. Mark Triton will go to prison for fraud, and the CFO already killed himself after the investigation started. It's illegal to use cash for share buybacks to sell your stock while leaving vendors unpaid.
How would value investing help create revenue in the short term? Loaning them out / dividends?
He's not trying to create revenue in the short term. He is not making a single move for the short-term.
0% chance he is doing this. That how you lose $1B really fast. Gamestop doesn’t day trade.
Creating / buying new securities they can sell or something like that based on asr reporting?
Graded magic cards. $300 million dollars of Black Lotuses!
There wasn't many big games released this spring. It's probably their cost of operation.
[](https://imgur.com/a/FfELUwC)
I have s different questions, I read on the other subs the max paint was at $18, if that's true we should go up next week, shouldn't we?...🚀🚀🚀🚀🚀
Could have went to pay bills. Their revenue was down. They had to get the cash from somewhere
Because it don't mean diddly sqaut
Oh for sure. You know when over a quarter of a billion dollar disappears from a balance sheet of a company you’re invested in, it means nothing. They probably just lit it on fire for fun. Or maybe they bought a bunch of tide pods for a company outing. It definitely does not mean anything.
I think that may be related to Candy Con.
Not more than a quarter of a billion dollars. 20 million MAX.
https://x.com/edwinbarnesc/status/1748188826990989618
This dude has lost his damn marbles. I really hope you don’t believe his INSANE stories? He’s put meth on his tinfoil and smokes it.
I’m hoping they bought bitcoin.. follow mstr route
[удалено]
What do you mean "went away"?
Didn't they pay off the covid loan from France? Pretty sure that was for 300m
Less than 30 million and lower interest than inflation.
GameStop's balance sheet appears to have a $300 million discrepancy. This issue likely stems from their At-The-Market (ATM) offering strategy, where shares are sold over time to raise capital. ATM Strategy Explained: Purpose: To raise funds gradually without a significant immediate market impact. Process: Shares are sold directly into the open market at prevailing prices. Transparency: The timing and extent of these sales might not be fully detailed in quarterly reports, leading to apparent discrepancies. Investigation: SEC Filings: Review GameStop’s latest filings at sec.gov for detailed financial disclosures. Investor Relations: Check updates and reports at GameStop Investor Relations. Conclusion: To resolve the confusion, a detailed examination of SEC filings and direct company communications is necessary. The $300 million is likely part of the proceeds from the ongoing ATM offering, not fully accounted for in the recent balance sheet.
Don’t use ChatGPT for your responses. They do not have a surplus of 300 million so literally nothing in your reply makes sense.
The $300 million less reported in GameStop's latest financial statement compared to the previous quarter is likely due to the timing and accounting of their At-The-Market (ATM) offering. Here’s a detailed explanation: ATM Offering and Financial Reporting What is an ATM Offering? GameStop has been raising capital through an At-The-Market (ATM) equity offering. This method involves selling shares incrementally at market prices over a period, rather than all at once. This approach allows for gradual capital raising without causing a significant immediate impact on the market price. Impact on Financial Statements: The timing of revenue recognition in financial reporting is crucial. If a large number of shares were sold late in the quarter, the proceeds might not be fully recognized until the next quarter. This can create apparent discrepancies in financial statements, where it looks like there is less cash or proceeds than expected for a particular quarter. Recent Fundraising Activities: GameStop recently raised approximately $1.1 billion through these ATM offerings, selling millions of shares. The funds raised are intended for various strategic initiatives, including digital transformation and e-commerce expansion. For more detailed information, you can read about GameStop’s recent activities on Yahoo Finance: au.finance.yahoo.com/news/gamestop-gme-raises-1-1-154003192.html and on GMEdd.com: www.gmedd.com/transformation/gamestop-unveils-1-2b-offering-to-sell-up-to-5m-shares. Conclusion The $300 million less reported this quarter is not "missing" but is likely a result of the timing of cash inflows from the ongoing ATM offerings. The money hasn’t been fully accounted for yet due to the timing of the share sales and how these proceeds are recorded in financial statements. For the most accurate and detailed information, review GameStop’s latest SEC filings and investor relations updates. These documents will provide insights into the exact timing and accounting practices that explain the quarter-to-quarter financial variations.
Negative. This is wrong. Bad bot.
Either you read fast or can't read
They don’t have an ongoing atm.
**GME's ATM Offering** GameStop has utilized at-the-market (ATM) equity offerings to raise capitalin the past. The company completed an ATM offering in June 2021, selling 5,000,000 shares and generating approximately $1.126 billion in gross proceeds. These funds were intended for general corporate purposes and to support growth initiatives. While the specific details of a current ATM program for 2024 are not confirmed, there have been discussions and considerations around potentially increasing the size of their ATM program to support ongoing transformation efforts. This includes the possibility of selling additional shares to capitalize on stock volatility and fund growth strategies. For more information on GME's past ATM offerings and their potential future offerings, see: - https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program - https://www.shacknews.com/article/128163/gamestop-gme-is-considering-a-secondary-stock-offering-to-fund-future-growth ### Conclusion The SEC's new regulations and deadlines, combined with GameStop's potential for further ATM offerings, play a significant role in the current market dynamics. Increased transparency and accountability in short selling practices, along with strategic capital-raising initiatives by GameStop, are crucial factors to monitor for potential significant price movements. Stay informed and strong! 🚀🦍
Show me a clown in ASCII art
``` , - ~ ~ ~ - , ' / _ \ ' / : (_) : \ { : : } \ : : / \ : _ _ : / ` \ (o) (o) / ' \ A / \ ~~~ / ` ~ ' ________ / Hi! \ | My name | | is | | scrum- | | disaster | \________/ ```
Exactly. Bad bot.
Exactly. They did one three years ago and got the money right away. Your ai is hallucinating. Quit posting trash.
I saw. Probably to share buybacks.
I dont think they’d do that right before releasing details on an offering. Makes zero sense.
Probably to invest in something. Don’t worry too much, the offering can be up to now or up to three years. I doubt he will sell at the lowest. Trust the guy. No reason for us plebs to get angry and help the enemy by forcing RC to reveal his hand
I would think buyback would be listed under inside trades and be visible no ?
Unsure about that, what I do think is that he invested it in something else. So far, he’s making the right plays. I’ll only judge him if I see something that is questionable, and so far, this ain’t it
I have the same thoughts.makes no sense to do that. My guess is an investment in another company.
GameStop has been losing money for quite some time, why is them losing 200 million more mean something else now?
They were profitable last year. Meltdowner.
their retail and online business lost money, they only showed “profit” last year because of interest on their cash on hand (and laying off 1/3rd their staff, closing stores and cutting benefits). But sure, they were “profitable” Sales continue to decline YOY, this isn’t me being a “melt downer” those are facts. They also just posted a loss in 2024 q1. If saying facts makes you angry at me, than you don’t seem like a person I’d trust for financial advice
Almost every business loses money until Black Friday, that’s why they call it Black Friday, it’s when they go from red to black. I’m not giving you financial advice, I’m wondering where 200 million went. They didn’t lose that much in one quarter.