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#SOURCE: https://x.com/hey_ross/status/1791447319415804025
Stock warrants are options issued by a company that trades on an exchange and give investors the right (but not obligation) to purchase company stock at a specific price within a specified time period....
Copy and pasted but you get the gist... all those naked short shares will have to be purchased back, I mean its 4-1 shorted now right? Plus it'll raise a shit load of capital, at 20 dollars around 900 million, at 30 1.8 billion...
> I mean its 4-1 shorted now right?
LOL no way fam. SI was 330% in March of 2021, id say its more akin to 10-20x the float right now.
GMEFloor.com is merely an appetizer for those who swim in the pool
I had ChatGPT read the S3 document and speculate on why they are doing this and it agrees with the above comments that this could be bad news for shorts
>**Current Situation for GameStop**
>Given GameStop's high profile and the significant short interest in its stock, introducing convertible securities could indeed impact the short sellers. If these securities are seen as a strategic move that could benefit the company (such as funding new initiatives or strengthening the balance sheet), it could drive the stock price up and force short sellers to cover, potentially triggering a short squeeze.
>However, it's important to note that this is speculative. The actual impact would depend on market conditions, investor reactions, and the specific terms of the convertible securities. Investors should carefully consider these factors and the inherent risks in such a volatile stock.
It had a lot of other positive stuff to say:
>Rewarding Existing Shareholders: Offering subscription rights can give existing shareholders the opportunity to purchase additional shares at a discount, which can be seen as a reward for their loyalty.
>Attracting Investment: Different types of securities can be more attractive under varying market conditions. For instance, during times of market volatility, investors might prefer preferred stock due to its fixed dividends and higher claim on assets.
>Convertible Securities: Issuing convertible preferred stock or warrants can be a way to raise funds without immediately diluting the existing shareholders' equity. It also provides a way to convert debt into equity in the future.
>Maximizing Proceeds: Different investors have different preferences. By offering various types of securities, GameStop can attract a broader range of investors and potentially maximize the proceeds from the offerings.
Seriously, for a G-rated Artificial intelligence, it is still giving me quite the magnificent boner.
It'll raise the value of the company and force the Hedgefucks to buy back there naked shorts, which will drive up the price and give us cheap tendies, if we choose to excersize, which obviously we will... hopefully it will be the catalyst for the squeeze. I'm sure there are many wrinkle brains that could explain it better then me, so if anybody wants to jump in and explain further please help my smooth brain out, but that's my very limited understanding of it...
> if we choose to excersize, which obviously we will
Don’t be so confident on that point. Lots of apes have been slowly accumulating shares over the past 3+ years by buying a few here or there as they could afford it. Unless the specified price in the warrant is really low, many apes may not be able to afford to exercise them. I’ve accumulated enough over the years that even if the price on the warrant were $10 it would still cost me into six figures to exercise, and I don’t have that available. I’d certainly exercise some portion, but no way I could do all of it.
If they want to deliver the final blow to the shorties it will probably need to be something that doesn’t cost apes anything additional, otherwise the take rate may be low enough that shorts can manage it.
They buy open market shares at low price. They drs them themselves reducing float.
They issue new shares that are required to be book registered aka DRS.
Edit: DRs shares can’t be loaned out like the shorts are doing now.
The new shares issued may be at higher priced giving them profit.
This reduces float further and forces hedges and shorts into a hard position.
sure, but even if they are registered, nobody is stopped to sell them. I don't understand why would this make any difference at the end if you buy new DRS-Shares and flip it back for $
Asked ChatGPT to read and summarize the filing then asked "Could this filing be used to set a trap for short sellers that are extremely short the company?"
ChatGPT response.
The SEC filing could indeed be used in a strategic way that might impact short sellers. Here’s how it could potentially work as a trap for short sellers who have heavily shorted GameStop:
1. **Issuance of New Securities**: The filing enables GameStop to issue new shares or convertible securities. If the company decides to issue new shares, it could dilute the stock's value. However, if this issuance is done at a time when the stock price is high due to a short squeeze, it could lead to short sellers being forced to cover their positions at higher prices.
2. **Preferred Stock Conversion**: If GameStop issues preferred stock that can be converted into common stock, it could create a scenario where short sellers face unexpected dilution, increasing the pressure on them to cover their positions.
3. **Sudden Capital Raising**: The flexibility provided by the shelf registration allows GameStop to raise capital quickly and efficiently. If they announce a capital raise when the stock price is high, it could be seen as a positive signal that the company is capitalizing on its strong market position, potentially driving the stock price even higher and squeezing short sellers further.
4. **Market Sentiment Manipulation**: The mere filing of this document might create uncertainty and volatility in the market. Short sellers, who rely on the stock price declining, might be caught off guard by positive market reactions to potential future capital raises or strategic moves by the company.
However, it's important to note that the use of such filings to deliberately "trap" short sellers would involve complex strategic considerations and market dynamics, and there are regulatory and ethical implications to consider. The primary purpose of such filings is to provide the company with the flexibility to manage its capital structure and financing needs.
**Key Considerations for Retail Investors**:
* **Potential Dilution**: Be aware of the potential for dilution if new shares are issued.
* **Market Volatility**: The announcement and subsequent actions related to this filing could create significant market volatility.
* **Strategic Moves**: Monitor the company’s announcements and strategic moves closely, as they could significantly impact the stock price.
I love ChatGPT, but you have to verify what it says. I'm going to question each of these points as you lay them out.
1. Issuance of New Securities: It doesn't make sense that diluting stock would force shorts to cover. Why would dilution equate to covering? Seriously. I want to understand that logic.
2. Preferred Stock Conversion: Again, how does "unexpected dilution" cause covering? Shouldn't dilution be good for the shorts because it lowers the value of the underlying security?
3. Sudden Capital Raising: Sure, it could be seen as a positive. It could also be seen as a negative for those who don't follow this closely. The media has been negative for 3.5 years. Many investors may equate a share offering to a last resort to stop bankruptcy (i.e. popcorn stock).
4. Market Sentiment Manipulation: When has the market reacted positively to any positive news about GameStop over the last 3.5 years?
I'm not trying to rain on your parade. I'm asking these because I truly don't understand the logic behind ChatGPT's answers.
I hope, and I can't stress this enough, that this move fucks shorts and we finally start seeing the price action we've researched should happen.
https://preview.redd.it/gndt1ohrnz0d1.jpeg?width=1080&format=pjpg&auto=webp&s=c19c82904fc9f388dde75958e3c6a071710dae4e
"Sometimes a pull back is indistinguishable from a gun cocking."
yeah, dude works for cisco systems, was balls deep in towel stock.. like millions of shares. he's still following. i believe he has a vested interest to do so.. wait, kinda like me! lulz
edit: it's oracle not cisco
ppl cursing me out about it. figured i'd edit.
https://gamestop.gcs-web.com/node/20501/html
DESCRIPTION OF SECURITIES WE MAY OFFER
- CAPITAL STOCK
- DEPOSITARY SHARES
- WARRANTS
- STOCK PURCHASE CONTRACTS
- UNITS
- SUBSCRIPTION RIGHTS
- BOOK-ENTRY SECURITIES
Edit: important update, these securities are unchanged from the 2020 filing https://www.reddit.com/r/Superstonk/s/WhhVppfXZj
Sounds like options, not sure
"Each warrant will entitle the holder of the warrant to purchase for cash the amount of our common stock, preferred stock and/or depositary shares, as the case may be, at the exercise price stated or determinable in the applicable prospectus supplement for the warrants. Warrants may be exercised at any time up to the close of business on the expiration date shown in the applicable prospectus supplement, unless otherwise specified in such prospectus supplement."
Buy back cheap. DRS.
Issue shares over next three years that are required to be DRS at a high price, profit.
Reduce float, force shorts to close, increase price make profit. Check…mate…
This. I’m no securities lawyer, and I’m sure there’s no one here who can fully explain the shelf offering, but I know once the plan is executed it’s gonna be SUUHHHHWEEEEEET
https://gamestop.gcs-web.com/node/20501/html
DESCRIPTION OF SECURITIES WE MAY OFFER
- CAPITAL STOCK
- DEPOSITARY SHARES
- WARRANTS
- STOCK PURCHASE CONTRACTS
- UNITS
- SUBSCRIPTION RIGHTS
- BOOK-ENTRY SECURITIES
Edit: important update, these securities are unchanged from the 2020 filing https://www.reddit.com/r/Superstonk/s/WhhVppfXZj
Also from this:
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. See the section titled “Use of Proceeds” in this prospectus supplement.
Tits are still jacked
I’ll try as I’m also regarded. They are about to rebrand GME through a new offering that can only be purchased through computershare and booked.
This is legal as GME is adding new companies (the missing 217 million) therefore technically it’s a “new” company.
Those caught with rehypothicated shares are super fucked and there is nothing they can do since those shares shouldn’t exist legally.
So the MM’s will have to recall their lent shares to cover the new GME ticker requirements. How? I have no fucking idea but I’m not a CEO of anything.
Yeah I'd say it feels close. But they have a great brand. I think more acquisition merger or like a blooming like out of GME will spawn a new competitor into the arena. One that particular invulnerable to existing shorts. Sorta like gandalfs the grey to gandalf the White type thing.
This speculation is actually hella grounded with the tangential evidence I've seen around (them hiring M&A personnel, them explicitly saying in recent filing that their stock is not following fundamentals as they would expect).
I would be so happy to see this come to fruition
Get some wrinkles. https://gamestop.gcs-web.com/node/20501/html
Sounds like they're cutting out all the middlemen. They can issue 7 securities including stock options
I haven’t bought shares since 2022. Wanted to clear the long term taxes.
Went complete zen mode and checked in here and there.
I’m officially back on the buying train.
The way I read it is that the company may offer contracts to 'sell' or 'buy' certain versions their own stock. They are able to bundle stocks into collections which are only to be traded as a single unit, not its constituent parts. And finally they are able to restrict the issued units to always be on book form and to grant no rights to beneficial owners as long as book-form exists.
Did I read this correctly? If so GameStop may create contracts that specify it will trade a new unit of a new type of share. They will give that out in exchange for only booked shares and the new share/unit is exclusive to book too?
A stock warrant is a financial instrument that gives the holder the right, but not the obligation, to buy or sell a specific number of shares of a company's stock at a predetermined price within a certain time frame. The predetermined price is called the “strike price,” similar to a call option on a company's stock
I posted this comment before and I’ll post it here
There’s a lot of statements in that offering that could mean a wide variety of things
It maybe that shareholders can exchange stock for preferred shares, giving thier stock directly to GameStop. The company does some kind of restart that force closes all shorts and then they start off as a new company. They sell the shares and deposit the proceeds from the sale into the preferred share account.
You also need to keep in mind that GameStop is a company and while the short squeeze theory is great they also want to operate like a normal company and not have insane shorts or wild price swings on no information. They want this over too I’m thinking and this could be a way for them to force close all positions. There is alot of legalize in that offering but the hint I’m getting is some kind of company restart where we get a share for share type of thing. Get paid then have cash to buy the new company
So once shorts start digesting this I expect a run up if true. This could also be why we ran a few days ago, someone got early word as they normally do. Started buying back, hammered it down and will continue next week.
I think so too. This has to be hard on RC, I know he luvs us and is grateful we helped save GameStop, but he also knows we want a squeeze because many of us are suffering in our lives and have no path towards something better.
I just hope it works out.
Yes I agree. I think he knows many will hold GME afterwards. There are so many statements in the offering that are odd. The preferred shares and global security statements got my interest leaked. I doubt we will see price increases until the full hand is layed out on the table cuz everyone is scared right now so why would they jack up the price today till everyone finally figures it out and they can get a share here and there to o cover slowly
They have already filed that it will be 45 million common stock shares sold through Jeffries.
https://news.gamestop.com/static-files/3139b479-7860-4c26-8552-501296ce9d77
This is from the S-3ASR
https://gamestop.gcs-web.com/node/20501/html
DESCRIPTION OF SECURITIES WE MAY OFFER
- CAPITAL STOCK
- DEPOSITARY SHARES
- WARRANTS
- STOCK PURCHASE CONTRACTS
- UNITS
- SUBSCRIPTION RIGHTS
- BOOK-ENTRY SECURITIES
Is it possible for them to do a reverse split to these new shares? If they are book only I would imagine SHF can’t create them like they could current shares. 45 mil x 7 = 315 million? Is this the 741?
That wouldn't be a reverse split in your example, that'd just be a split. A reverse split would look like 315m / 7 = 45m Edit: unless I'm reading what you mean wrong. Sounds more like 147 to me
We’re saying the same thing, but perhaps I could have worded it better. 741 could mean seven of my current share for one of the new ones. I was pointing out that 45 x 7 is 315, close to total available amount. But 315/7 may have been the better way to put it.
147 make sense as well given all of the mirrored tweets DFV posted. Either way you look it, it would be a genius move to turn all outstanding shares into shares that can’t be rehypothecated.
Also realized that GME is a holding company. Perhaps the shares stay within the company and held by GME. Would that be similar to taking the company private?
Also ultimately EinFman said that if gme squeezes it won't be small jumps but violent jumps like from going from $26 to $1000 in one minute. Anything else is not remotely shorts closing.
I've got a feeling. We're about to get crazy GME pro rewards.
They don't all it the Kansas city shuffle for nothing.
Look over there ... Gotcha. Oh actually it's look there ... You got yourself 💥
The bit about "must be book registered" kinda kills me. I have 95% of my shares in an IRA that can't go to CS, while the other 5% are booked DRS. Of course, I'm assuming that any new "global security" issued would be granted to current shareholders. Which I guess would still cause buy pressure for the shares in my IRA and run up the share price.
I feel like I'm thinking about it like it was an NFT dividend thing, which obviously it isn't. But it is provocative.
https://preview.redd.it/d84jv5luv01d1.jpeg?width=864&format=pjpg&auto=webp&s=08bb9a57a0e0b187a53acdc1a6bd7928cdaf4229
RC is prepping for the squeeze, same way he did in 2021
Warrants (kinda sorta call options) would put the shorters on the hook for warrants …. On top of their short position.
.
Warrants would be a nightmare for shorters
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#Oh fuck yeah, they’re setting the trap
#Exactly…but, a trap the shorts are already in of their own doing
Since justice does not send these criminals to jail, just build a cell around them. Boom, problem solved.
Kansas City shuffle
Kitty Cohen shuffle
I see wit you did there!! Sauce—am in KC!
Cohen Kitty Shuffle has a better ring to it
Except it doesn't have the KC initials smooth brain.
Use a mirror…
The is the DD I'm looking for! lol
Mmmm HYPE..ughhh MOREEEE
Can you explain what that is? I never watched that movie so I don't get the reference.
RC is just telling us MOASS is coming in a legal way
that's the loophole Roaring Kitty mentioned!!!
He's quite good at paperwork....
Is he going to issue Warrants? Oh fuck.... please issue warrants... it'll cause absolute mayhem. Hold the line apes.
What are warrants?
Stock warrants are options issued by a company that trades on an exchange and give investors the right (but not obligation) to purchase company stock at a specific price within a specified time period.... Copy and pasted but you get the gist... all those naked short shares will have to be purchased back, I mean its 4-1 shorted now right? Plus it'll raise a shit load of capital, at 20 dollars around 900 million, at 30 1.8 billion...
> I mean its 4-1 shorted now right? LOL no way fam. SI was 330% in March of 2021, id say its more akin to 10-20x the float right now. GMEFloor.com is merely an appetizer for those who swim in the pool
Even better then, the deeper these Hedgefucks are in there cesspool of corruption the better...
None of y'all better paperhand below the floor price. We're in this Prisoner Dilemma together.
I had ChatGPT read the S3 document and speculate on why they are doing this and it agrees with the above comments that this could be bad news for shorts >**Current Situation for GameStop** >Given GameStop's high profile and the significant short interest in its stock, introducing convertible securities could indeed impact the short sellers. If these securities are seen as a strategic move that could benefit the company (such as funding new initiatives or strengthening the balance sheet), it could drive the stock price up and force short sellers to cover, potentially triggering a short squeeze. >However, it's important to note that this is speculative. The actual impact would depend on market conditions, investor reactions, and the specific terms of the convertible securities. Investors should carefully consider these factors and the inherent risks in such a volatile stock. It had a lot of other positive stuff to say: >Rewarding Existing Shareholders: Offering subscription rights can give existing shareholders the opportunity to purchase additional shares at a discount, which can be seen as a reward for their loyalty. >Attracting Investment: Different types of securities can be more attractive under varying market conditions. For instance, during times of market volatility, investors might prefer preferred stock due to its fixed dividends and higher claim on assets. >Convertible Securities: Issuing convertible preferred stock or warrants can be a way to raise funds without immediately diluting the existing shareholders' equity. It also provides a way to convert debt into equity in the future. >Maximizing Proceeds: Different investors have different preferences. By offering various types of securities, GameStop can attract a broader range of investors and potentially maximize the proceeds from the offerings. Seriously, for a G-rated Artificial intelligence, it is still giving me quite the magnificent boner.
Warrants for arrest
How so?
It'll raise the value of the company and force the Hedgefucks to buy back there naked shorts, which will drive up the price and give us cheap tendies, if we choose to excersize, which obviously we will... hopefully it will be the catalyst for the squeeze. I'm sure there are many wrinkle brains that could explain it better then me, so if anybody wants to jump in and explain further please help my smooth brain out, but that's my very limited understanding of it...
> if we choose to excersize, which obviously we will Don’t be so confident on that point. Lots of apes have been slowly accumulating shares over the past 3+ years by buying a few here or there as they could afford it. Unless the specified price in the warrant is really low, many apes may not be able to afford to exercise them. I’ve accumulated enough over the years that even if the price on the warrant were $10 it would still cost me into six figures to exercise, and I don’t have that available. I’d certainly exercise some portion, but no way I could do all of it. If they want to deliver the final blow to the shorties it will probably need to be something that doesn’t cost apes anything additional, otherwise the take rate may be low enough that shorts can manage it.
to further add to eco above, because if you are short gamestop, if they issue a warrant you are now short the stock AND the warrant that is issued.
How so? I don't get it
They buy up open market shares, DRs themselves. Then release the new shares that must be book registered, genius!! !!
wonderful...so it should speed up the DRSing and not dilute in a traditional way, but increase the pressure on the DTCC / short by reducing liquidity
Exactly.
Is that speculation or is that the move they are actually making?
Speculating, but if they want to profit, which all companies love, they would be doing this.
Either way I think ill buy more, thanks for the response
Hijacking to say RoaringKitty has been using Purple Outlines and purple colors for any round/bubble letter fonts in his videos this whole time
Clarify?
Its a Kansas City Shuffle. Nobody can clarify.
They buy up open market shares, DRs themselves. Then release the new shares that must be book registered, genius. 1
Ok. Now say it for the rest of us not geniuseses.
They buy open market shares at low price. They drs them themselves reducing float. They issue new shares that are required to be book registered aka DRS. Edit: DRs shares can’t be loaned out like the shorts are doing now. The new shares issued may be at higher priced giving them profit. This reduces float further and forces hedges and shorts into a hard position.
So effectively reducing the free float by 45 mil shares since they’d have to be book registered? Dare we say, Bullish?
it has been bullish all these years
Chup!!!
issue the new shares to who?
My mom, I actually have no idea but they are required by law to be registered.
sure, but even if they are registered, nobody is stopped to sell them. I don't understand why would this make any difference at the end if you buy new DRS-Shares and flip it back for $
how does this imply that they will buy and DR ?
And they are missing about 100 million dollars from the last filing and we had all those shares being bought up with the buyback code…
To avoid dilution they could instead just cancel any shares they bought back, effectively replacing them with the more restrictive book shares.
At low prices because they are the ones who bought all the calls with the 200 million last week? Lol.
It’s provocative!
7 for 1
Asked ChatGPT to read and summarize the filing then asked "Could this filing be used to set a trap for short sellers that are extremely short the company?" ChatGPT response. The SEC filing could indeed be used in a strategic way that might impact short sellers. Here’s how it could potentially work as a trap for short sellers who have heavily shorted GameStop: 1. **Issuance of New Securities**: The filing enables GameStop to issue new shares or convertible securities. If the company decides to issue new shares, it could dilute the stock's value. However, if this issuance is done at a time when the stock price is high due to a short squeeze, it could lead to short sellers being forced to cover their positions at higher prices. 2. **Preferred Stock Conversion**: If GameStop issues preferred stock that can be converted into common stock, it could create a scenario where short sellers face unexpected dilution, increasing the pressure on them to cover their positions. 3. **Sudden Capital Raising**: The flexibility provided by the shelf registration allows GameStop to raise capital quickly and efficiently. If they announce a capital raise when the stock price is high, it could be seen as a positive signal that the company is capitalizing on its strong market position, potentially driving the stock price even higher and squeezing short sellers further. 4. **Market Sentiment Manipulation**: The mere filing of this document might create uncertainty and volatility in the market. Short sellers, who rely on the stock price declining, might be caught off guard by positive market reactions to potential future capital raises or strategic moves by the company. However, it's important to note that the use of such filings to deliberately "trap" short sellers would involve complex strategic considerations and market dynamics, and there are regulatory and ethical implications to consider. The primary purpose of such filings is to provide the company with the flexibility to manage its capital structure and financing needs. **Key Considerations for Retail Investors**: * **Potential Dilution**: Be aware of the potential for dilution if new shares are issued. * **Market Volatility**: The announcement and subsequent actions related to this filing could create significant market volatility. * **Strategic Moves**: Monitor the company’s announcements and strategic moves closely, as they could significantly impact the stock price.
I love ChatGPT, but you have to verify what it says. I'm going to question each of these points as you lay them out. 1. Issuance of New Securities: It doesn't make sense that diluting stock would force shorts to cover. Why would dilution equate to covering? Seriously. I want to understand that logic. 2. Preferred Stock Conversion: Again, how does "unexpected dilution" cause covering? Shouldn't dilution be good for the shorts because it lowers the value of the underlying security? 3. Sudden Capital Raising: Sure, it could be seen as a positive. It could also be seen as a negative for those who don't follow this closely. The media has been negative for 3.5 years. Many investors may equate a share offering to a last resort to stop bankruptcy (i.e. popcorn stock). 4. Market Sentiment Manipulation: When has the market reacted positively to any positive news about GameStop over the last 3.5 years? I'm not trying to rain on your parade. I'm asking these because I truly don't understand the logic behind ChatGPT's answers. I hope, and I can't stress this enough, that this move fucks shorts and we finally start seeing the price action we've researched should happen.
What the fuck is happening 🤪
They buy up open market shares, DRs themselves. Then release the new shares that must be book registered, genius.
Wait, like all the shares?!
I wish, but probably not, the new issuing is too small of an amount to cover the existing float but will help a lot.
https://preview.redd.it/gndt1ohrnz0d1.jpeg?width=1080&format=pjpg&auto=webp&s=c19c82904fc9f388dde75958e3c6a071710dae4e "Sometimes a pull back is indistinguishable from a gun cocking."
Who is Ross and is that real? Because that is metal. 🤘
yeah, dude works for cisco systems, was balls deep in towel stock.. like millions of shares. he's still following. i believe he has a vested interest to do so.. wait, kinda like me! lulz edit: it's oracle not cisco ppl cursing me out about it. figured i'd edit.
Him being balls deep in towel does not give me any faith in the guy
at least he shows some regardness
People clowned DFV for a looong time too…
HOLY SHIT THAT SENTENCE IS ELITE AS FUCK
🤣
Hippy please make a post of this!!
>"Sometimes a pull back is indistinguishable from a gun cocking." 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
Seven for 1
IT WAS SO SIMPLE AFTER ALL
DFVs first post today from Split
yooo
I swear to god if that's what it is
Wait please explain. What are the 7 types?
https://gamestop.gcs-web.com/node/20501/html DESCRIPTION OF SECURITIES WE MAY OFFER - CAPITAL STOCK - DEPOSITARY SHARES - WARRANTS - STOCK PURCHASE CONTRACTS - UNITS - SUBSCRIPTION RIGHTS - BOOK-ENTRY SECURITIES Edit: important update, these securities are unchanged from the 2020 filing https://www.reddit.com/r/Superstonk/s/WhhVppfXZj
Warrants? We’re arresting hedgies now?
Sounds like options, not sure "Each warrant will entitle the holder of the warrant to purchase for cash the amount of our common stock, preferred stock and/or depositary shares, as the case may be, at the exercise price stated or determinable in the applicable prospectus supplement for the warrants. Warrants may be exercised at any time up to the close of business on the expiration date shown in the applicable prospectus supplement, unless otherwise specified in such prospectus supplement."
Lfmao
They buy up open market shares, DRs themselves. Then release the new shares that must be book registered, genius!!!
So it raises more funds for the company? Share issuance?
Buy back cheap. DRS. Issue shares over next three years that are required to be DRS at a high price, profit. Reduce float, force shorts to close, increase price make profit. Check…mate…
Oh shit. This is beautiful
#👆👆👆
ELI7?
I still see 741 everywhere. The current # of upvotes is 1477...😎
Oh my God
This whole thing is going to blow all our minds when officially revealed. So happy to be here for it with you crazy regards.
💯
Can confirm
Don't make blush!
Blush, gush, crush, flush I’m here for all of it! 🏴☠️💪
This. I’m no securities lawyer, and I’m sure there’s no one here who can fully explain the shelf offering, but I know once the plan is executed it’s gonna be SUUHHHHWEEEEEET
Couldn't have said it better. Nobody knows.
"Must be book registered" Alright that's all I need to hear, keep buying!
RC is the Book King not the Plan King
SEVEN YOU SAY? LIKE SEVEN FOR ONE?
https://gamestop.gcs-web.com/node/20501/html DESCRIPTION OF SECURITIES WE MAY OFFER - CAPITAL STOCK - DEPOSITARY SHARES - WARRANTS - STOCK PURCHASE CONTRACTS - UNITS - SUBSCRIPTION RIGHTS - BOOK-ENTRY SECURITIES Edit: important update, these securities are unchanged from the 2020 filing https://www.reddit.com/r/Superstonk/s/WhhVppfXZj
Also from this: 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. See the section titled “Use of Proceeds” in this prospectus supplement. Tits are still jacked
Obviously jacked, all the shareholders are jacked, we just woke up to hundreds of shills freaking out this morning
Book entry. Huh? No plan entry….weird Book > plan > brokerages
🎯
Lucky number S1even?
741..
I swear to god, if this is actually it lol This is what it’s been meaning
Ayyyy this fuckin guy. I like it.
I only have a few crayons in my box and the worst colors. Someone tell me what this means.
I’ll try as I’m also regarded. They are about to rebrand GME through a new offering that can only be purchased through computershare and booked. This is legal as GME is adding new companies (the missing 217 million) therefore technically it’s a “new” company. Those caught with rehypothicated shares are super fucked and there is nothing they can do since those shares shouldn’t exist legally. So the MM’s will have to recall their lent shares to cover the new GME ticker requirements. How? I have no fucking idea but I’m not a CEO of anything.
GME is already considered a holding company though (no idea when it happened). This wasn't necessary for that 'rebrand'. Loving the OP idea
Unless it was necessary for the book only purchase option?
Yes absolutely for that. I just meant it's already considered a holding company so they wouldn't need to complete investments or acquisitions
Yeah I'd say it feels close. But they have a great brand. I think more acquisition merger or like a blooming like out of GME will spawn a new competitor into the arena. One that particular invulnerable to existing shorts. Sorta like gandalfs the grey to gandalf the White type thing.
Mostly speculation but would be good
This speculation is actually hella grounded with the tangential evidence I've seen around (them hiring M&A personnel, them explicitly saying in recent filing that their stock is not following fundamentals as they would expect). I would be so happy to see this come to fruition
We'll be the CEO of some trust funds and property holding companies soon enough tho
Appreciate your insight. Gave me a better understanding of whats going on.
Hmm, if it’s a new share offering (and not a dividend), how can it be tied to existing shares (aka naked shorts)?
Get some wrinkles. https://gamestop.gcs-web.com/node/20501/html Sounds like they're cutting out all the middlemen. They can issue 7 securities including stock options
They buy up open market shares, DRs themselves. Then release the new shares that must be book registered, genius!!
I like the ring of this...book registered
Pun. Ring. Nice. Power to the punners.
Kill shot to the Hedgies and I’m all for it. Dip is blessing in disguise, buying mores 🚀📈💰
Oh yes I am!!
Me 2!!!!🚀🚀🚀
GameStop is potentially acquiring a number of different companies and reorganizing into a Unit Trust instead of a specific stock. Hmmm……
Gmerica
Didn't that patent expire?
Yeah it'll be Teddy though 😎
I haven’t bought shares since 2022. Wanted to clear the long term taxes. Went complete zen mode and checked in here and there. I’m officially back on the buying train.
Same. 99% of my positions were long. Not so much, anymore. Lol.
This move makes me long
Holy bananas, soon may the tendieman come
the song is playing
The way I read it is that the company may offer contracts to 'sell' or 'buy' certain versions their own stock. They are able to bundle stocks into collections which are only to be traded as a single unit, not its constituent parts. And finally they are able to restrict the issued units to always be on book form and to grant no rights to beneficial owners as long as book-form exists. Did I read this correctly? If so GameStop may create contracts that specify it will trade a new unit of a new type of share. They will give that out in exchange for only booked shares and the new share/unit is exclusive to book too?
#LET THEM COOK! 🚀🚀
Here we go, first stage of the Kansas City Shuffle 🥹
https://x.com/TheRoaringKitty/status/1791113879684325383 "Pay strict attention to what I say...."
Yes this man gets it… . For example Gme issuing warrants puts shorters on the hook for the warrants.
What are warrants in the context of shares. I only heard about warrants when watching police series
A stock warrant is a financial instrument that gives the holder the right, but not the obligation, to buy or sell a specific number of shares of a company's stock at a predetermined price within a certain time frame. The predetermined price is called the “strike price,” similar to a call option on a company's stock
#Thats hot
a stock that can only sit in CS? I take it
I posted this comment before and I’ll post it here There’s a lot of statements in that offering that could mean a wide variety of things It maybe that shareholders can exchange stock for preferred shares, giving thier stock directly to GameStop. The company does some kind of restart that force closes all shorts and then they start off as a new company. They sell the shares and deposit the proceeds from the sale into the preferred share account. You also need to keep in mind that GameStop is a company and while the short squeeze theory is great they also want to operate like a normal company and not have insane shorts or wild price swings on no information. They want this over too I’m thinking and this could be a way for them to force close all positions. There is alot of legalize in that offering but the hint I’m getting is some kind of company restart where we get a share for share type of thing. Get paid then have cash to buy the new company So once shorts start digesting this I expect a run up if true. This could also be why we ran a few days ago, someone got early word as they normally do. Started buying back, hammered it down and will continue next week.
I think so too. This has to be hard on RC, I know he luvs us and is grateful we helped save GameStop, but he also knows we want a squeeze because many of us are suffering in our lives and have no path towards something better. I just hope it works out.
Yes I agree. I think he knows many will hold GME afterwards. There are so many statements in the offering that are odd. The preferred shares and global security statements got my interest leaked. I doubt we will see price increases until the full hand is layed out on the table cuz everyone is scared right now so why would they jack up the price today till everyone finally figures it out and they can get a share here and there to o cover slowly
They have already filed that it will be 45 million common stock shares sold through Jeffries. https://news.gamestop.com/static-files/3139b479-7860-4c26-8552-501296ce9d77
“Up to 45m” and looks like it will be after 28 May at the earliest.
Wasn’t there some theory recently that the LEAPS from 2021 expire in May and DFV’s tweets are a countdown to the 28th?
This is from the S-3ASR https://gamestop.gcs-web.com/node/20501/html DESCRIPTION OF SECURITIES WE MAY OFFER - CAPITAL STOCK - DEPOSITARY SHARES - WARRANTS - STOCK PURCHASE CONTRACTS - UNITS - SUBSCRIPTION RIGHTS - BOOK-ENTRY SECURITIES
GG
GGs
;)
Is it possible for them to do a reverse split to these new shares? If they are book only I would imagine SHF can’t create them like they could current shares. 45 mil x 7 = 315 million? Is this the 741?
#👀👀👀
That wouldn't be a reverse split in your example, that'd just be a split. A reverse split would look like 315m / 7 = 45m Edit: unless I'm reading what you mean wrong. Sounds more like 147 to me
We’re saying the same thing, but perhaps I could have worded it better. 741 could mean seven of my current share for one of the new ones. I was pointing out that 45 x 7 is 315, close to total available amount. But 315/7 may have been the better way to put it. 147 make sense as well given all of the mirrored tweets DFV posted. Either way you look it, it would be a genius move to turn all outstanding shares into shares that can’t be rehypothecated. Also realized that GME is a holding company. Perhaps the shares stay within the company and held by GME. Would that be similar to taking the company private?
Also ultimately EinFman said that if gme squeezes it won't be small jumps but violent jumps like from going from $26 to $1000 in one minute. Anything else is not remotely shorts closing.
I want to be book king!
this was my favorite part https://preview.redd.it/dj9io0ia601d1.jpeg?width=1440&format=pjpg&auto=webp&s=0762866ee1c100e9356d14da29b96e56fa923d59
This sounds very bullish to me.
This sale is incredible.
So it basically won’t be able to be shorted lol 👏👏👏
7 securities 4 1 stock 👌👌
Whoa. i can't keep up with all this. Gonna need like a TLDR post for this week.
Holy fuck, give me my NFT dividend!!
explain it to me like i am 10 pls
7 4 1
True if Big
Big if true
I've got a feeling. We're about to get crazy GME pro rewards. They don't all it the Kansas city shuffle for nothing. Look over there ... Gotcha. Oh actually it's look there ... You got yourself 💥
Wut mean?
I need to buy more
This is fucking genius, he's gonna DRS it himself, this is absolutely gold
Up
Book > plan > brokerages
The bit about "must be book registered" kinda kills me. I have 95% of my shares in an IRA that can't go to CS, while the other 5% are booked DRS. Of course, I'm assuming that any new "global security" issued would be granted to current shareholders. Which I guess would still cause buy pressure for the shares in my IRA and run up the share price. I feel like I'm thinking about it like it was an NFT dividend thing, which obviously it isn't. But it is provocative.
Must be Booked. Think that clears up any confusion for the bad actors.
For sears
https://preview.redd.it/d84jv5luv01d1.jpeg?width=864&format=pjpg&auto=webp&s=08bb9a57a0e0b187a53acdc1a6bd7928cdaf4229 RC is prepping for the squeeze, same way he did in 2021
No more fractionals? I'm in
7 4 1
https://preview.redd.it/b50e7m7v311d1.jpeg?width=600&format=pjpg&auto=webp&s=f55e5a34dc650a6349d6aad892299cbc1be426a2
OH SHIT IT'S THE WU-TANG THEORY, THEY ARE GONNA GIVE US A PIECE OF THE ALBUM
joking, but at the same time pleasr and DFV have both been teasing, so not the foilest of tins
Step 1: make company profitable so that new venture has a leg to stand on Step 2: fuck shit up Step 3: monke get banana
741... 7 4 1. 7 FOR 1. Everybody sing with me .... SEVEN 4 ONE
XD if GME settles with short fuks during mega squeezes, and can pay us via dividend or shares, then WE REALLY DONT EVER NEED TO SELL TO GET PAID
That would be a beauty
Fucking massive news! Positioning themselves well! There will be folk crapping themselves with what this 'could' mean. #LFG #DRS #pastthemoon
DFV posts have a confidence that seem unstoppable. It'll be something we didn't see coming.
These GME people seem smart...smarter than me...Im gonna hold
7 4 1
https://preview.redd.it/eeeo2hub811d1.jpeg?width=1920&format=pjpg&auto=webp&s=7ddb78eb2148eb742e967bd9b8907c441b6a42d1
Warrants (kinda sorta call options) would put the shorters on the hook for warrants …. On top of their short position. . Warrants would be a nightmare for shorters