We are the proud owners of DWAC and <1 share of GME (traded for my measly Dollar General starter stock). It's all down so much. Will we see a bounce back? I'd really like for this to pay off! I invest with a set amount of money when I can. Could this be one of those stocks that people wished they'd bought into and kick themselves for not doing so?
I am still learning and it's taking awhile for it to click in my noggin.
Anyone who clicks on the link you provided will realize who is the one embarrassing himself.
(((Cohen))) you say?
Of course there is a market for games. But does GME have a profitable business model to capture that business? More to the point: Is there some super-secret short squeeze "to the Moon" on the horizon? Your claim here does not answer those questions.
There are lots of people who drink soft drinks, too. More than gamers. So what?
False. They do have debt. And some of their accounting for the debt looks a little shady to me, but I have only scratched the surface. I have not done a major dig (and don't plan to).
They have been able to reduce the debt, but only because they took advantage of the big short squeeze to raise cash via issuing more shares, which dilutes the existing stock.
The only reason they have $1 billion cash is because of that big stock issuance.
Don't want to point fingers, but I will say that it suuuuuure was convenient that the short squeeze happened when it did, because GME was in serious financial trouble before it happened, and issuing stock at $100-$200 brings in a ton more cash than when the stock was trading at $20.
Who exactly is behind the Superstonk board? I dunno, but it suuuuure was lucky for GME that they showed up at the right time.
I have seen stock manipulation before. I know what it smells like. It would be quite ironic if the very people who are trying to fight stock manipulation have in fact played right into the hands of real stock manipulators, huh?
Now that I am revisiting the GME story, I remember mentioning on the GAW boards that GME had a burn rate that would eat up its cash within a year, so it MUST either borrow or issue new stock.
Yep, they issued new stock -- AFTER the big run-up.
But that is not a good thing. It was a move of desperation. They had no choice.
Stock split and dividend are two different things.
Yeah, yeah, yeah ... GME management pushing this. Right when Bitcoin and a few thousand other cryptos are crashing. Probably why they hired the tech guys.
Time will tell ...
News flash: They just issued more shares in the secondary market when they were running out of money. So, the stock could be diluted (again) at anytime, if they want. Not saying they should or will or even want to, just that it can happen (like it already did), no matter how many shares are direct registered. (And, btw, you should really have the stock certificates in your own personal safe deposit box, not with a third party, if you want to be sure.)
The only way out of that problem is if they start turning a profit. If not, they will have to borrow or issue more stock. If Wall Street is against you like you think, then (a) they might not be able to borrow, and (b) they are stupid to pay down debt until they have to (which it looks like they are doing for some reason, though I can't be sure without more research -- which you should do, because I have no interest, one way or the other).
You guys just need to buy another 60 million shares, and hope Goldman Sachs doesn't just "lend" another 100 million at the same time.
That's not what the report says. Did you read it?
A claim that is never backed up with any evidence, when challenged.
Already been through most of it.
I did, below. But you will ignore my analysis because you think there is a super-secret hidden short position that will blow up and make you rich. Not that you or anyone else can prove it. You just have faith.
I get it. You believe in the NFT model and you think that will change everything.
Maybe so.
I will sit on the sidelines and put my money elsewhere. If the Big Squeeze happens (again), I will re-evaluate.
Good luck.
LOL. It's how I make my living.
Good luck.
Don't lie about what I said. We can have honest disagreement, but do not lie.
I have had enough debate for today.
Out.