GME approves 4:1 stock split dividend.
(media.greatawakening.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (323)
sorted by:
It was excessively shorted. They need to buy back shares. Millions of people wont sell them back. high demand and low supply means high price. I think its part of Q personally. They are also debt free, led by the young chewy ceo genius, and are gonna dominate the new NFT, blockchain, cryptocurrency space.
Heres 100s of proofs on the subject. https://fliphtml5.com/bookcase/kosyg
What specifically does splitting the shares do to benefit retail holders versus hedge shorters?
iirc they're gonna have to do an audit for how many shares are actually out there vs the shit tons of synthetics created out of nothing to short the stock so aggressively
Yes I believe if you are a hedge that naked shorted and created fake shares you will have a hard time when the time comes for the split and you have to come up with even more fake shares to cover the split dividends. Though not sure of mechanics of it. In a short squeeze scenario if they want to get out they would not only have to cover for real shares but also all the fake ones too. Which means Hedgies R Fuk.
This guy fucks!
That's a problem.
Makes the price point more accessible to more people allowing more buying pressure.
But this is a stock dividend, not a stock split. A 4:1 stock dividend isnt like a 4:1 stock split where all the math is just 4xed and 1/4thed, the 83 million shares will be given 3 new shares that have to be given their proper home. Since it has been illegally naked shorted (making synthetic shares that arent ever properly delivered or hedged against), the market makers and brokers will struggle to provide them to all the people who bought them.
This is NOT a stock dividend. The company says it is a "stock split in the form of a stock dividend" ... whatever the fuck that mean.
You are ignoring the "stock split in the form of a" language. Don't.
Let's look at it this way:
(a) If it was a cash dividend, they would pay the dividend in cash. But they don't have enough cash to pay a cash dividend.
(b) If it was a regular stock dividend, they would issue additional stock to current stockholders ... BUT ... they would pay for that out of cash ... which they don't have.
The company has a total market value of $9 billion (76 million shares outstanding x $120 per share).
IF they were going to just "give you 3 times the shares you have now* ... then they can't just give you pieces of paper (stock certificates), because those have ZERO value by themselves. SOMEBODY has to buy them.
Usually, they use that extra stock (authorized but not issued) to raise cash by selling them to investors in a secondary stock offering, which they did previously. Then, that stock acquires value (sometimes at a discount to current market value because they are looking for one big money source to buy the stock, but that also devalues the existing stock price).
But if nobody is BUYING the stock and they still want to issue stock that has no value, then THEY must buy it themselves and THEN give the shareholders the stock dividend.
But (again) they do not have the cash to do that.
THERE. AIN'T. NO. FREE. LUNCH.
(No matter what the Reddit touts say.)
So ...
They are doing a STOCK SPLIT, and pretending it is a stock dividend. That is the only thing I see. It is weird.
And it is a bad time to do it -- in a bear market.
We'll see how it goes.
76 million x 3 = 228 million ... and why do you think that's a problem? They already know who all the shareholders are -- that is WHY they have an ex-dividend date. That is the date where the owners of RECORD are documented by the company, and THOSE owners get the dividend.
They KNOW who to pay the dividend to (if it is a dividend), or credit the split to (if it is a split). There is no mystery for the company.
No, they won't. The shorts are irrelevant -- except in the wet dreams of the Reddit boys.
Some of you guys seem to think that shorting a stock somehow means buying a stock.
WTF?
I read something from Reddit because I was trying to understand the argument, and it was just weird.
The person claimed that (a) someone owns GME, (b) someone else borrows GME, and then that means that (c) someone else also buys GME.
That (c) part is NOT true. Just (a) and (b).
In naked shorting, Mr. (b) shorts shares that Mr. (a) owns ... AND ... also shorts shares the nobody owns because they do not exist. That is WHY it is called "naked shorting." There is no extra buyer (Mr. (c)). If there was an extra buyer, and therefore more long shares that real shares (naked long, I guess) ... then THAT WOULD be a problem. But that is not how it works.
Seems like the Reddit boys don't really know WTF they are talking about.
If someone can explain it, I will take a listen ... but it seems like the Reddit boys are pushing a bunch of clusterfuck language and people accept it without understanding it.
And the company itself is acting very weird. Has been since the big short squeeze last year. I would not be surprised if the Reddit guy(s) are someone within or close to GME pushing this whole narrative.
Good luck, but I just don't see the story the same way some of you do.
Prove me wrong, and I will tip my hat to you.
Go post on Superstonk and they will prove you wrong in about 2 minutes.
Perhaps in the current scenario, ONLY shares that are owned by people outside of GME will be split, allowing them to sell some, or all, if they want, but not creating additional shares owned by the people "inside GME"? This would seem to fit with them calling it a "dividend" rather than a regular stock split. Is such a thing possible?
When you short a stock, you are borrowing it in exchange for an IOU. You are betting that it will go down, so that you can BUY the shares back and settle your short for a profit. If it goes up, you will eventually be forced to buy the shares at a loss in what's known as a margin call. That's where the buying in (c) is coming from.
Agreed.
Slashes the price so people can buy more.
Starting the Jan '21 FOMO all over again.
One portion of why they are doing it yes. People will see that tastey price at 25-30$ and think "sweet i can afford it now"
FOMO incoming
If the buys aren't routed through dark pools, then the price should quickly go up and away, though probably halted many times due to the circuit breakers built in when a stock moves too much too fast.
It’s not a split… it’s a dividend
GME management says otherwise.
Wrong.
See Tesla
For what? Price is lower today than when they did the split.
When Jr pointed it out I was sold.
https://rumble.com/vdfngp-donald-trump-jr-is-it-all-rigged.html
Very interesting. Only further supports my q idea.
Bannon has made a couple statements on the whole thing. He said this is Apes Vs Snakes, economic populism.
Apes vs snakes = the bloodline of Adam vs the bloodline of Cain.
There is no new NFT, blockchain, and cryptocurrency space. Those things are all scams.
Yes, the way they are being used right now they are mostly all scams, especially NFTs.
However, the primary speculation is that GameStop’s NFT marketplace will allow people to sell games they’ve downloaded. It will also create a marketplace for people to buy and sell in-game items they’ve purchased. If your kid buys a $1,000 Fortnite skin now you have a way to resell it.
Yes it makes digital things more like physical items. Current digital goods are more like renting than owning.
None of that shit is real nor worth anything.
Yea so tell me about how people pay thousands for csgo stickers and skins. Just because you arent interested doesnt make it worthless
Video games are certainly real. They typically are worth $60 when buying a new game.
In-game items aren’t worth anything to someone who doesn’t play video games or someone who doesn’t believe video games are real in the first place.
However, in-game items make up a huge percentage of revenue for video game developers. Activision, a developer of real video games, made $8.8 billion in revenue in FY 2021. $5.1 billion of that revenue came from microtransactions and in-game purchases.
Whether you want to admit it or not, in-game purchases are certainly worth a lot of money to people who play video games. Just because you find them worthless doesn’t mean they are worthless.
So if you want to believe the MSM narrative that GameStop is a failing brick and mortar company then that’s your decision. But I think we should all know by now not to trust the MSM.
People place value on things. Even if it's a virtual item in the digital realm. Doesn't mean it's less "real" than physical items. Look how much money people are spending on in game items.
Quote:
"In 2020, global gaming audiences spent an approximate 54 billion U.S. dollars on additional in-game content."
Some video game producers are now moving to the model where their game is free due to this fact. The in-game content is where they make bank.
what if.. Loopring becomes gold backed. and GME forms a new stock exchange, using Loopring as the currency to trade stocks with. these are speculative thoughts. I do believe the rest of it is all scams, Trump never liked Crypto, it's just been used to counterfeit money
If you don't hold it, you don't own it.
If you hodl it, tendies will come.
It’s IMX bud. Buy it now at $1. Gonna be the next BITC!!
The big money that moves the markets comes from the big funds, not individuals like you and me.
THEY are not going to trade on anything other than the big exchanges. There are already many small exchanges, and they ignore them.
NFT= tokenized securities market on the first of its kind platform that allows investors to buy shares in a company with no middle man. Boom baby.
You can already do this. Corporations have no business being so big that we need to use this kind of technology to track shares. Bring back antitrust law and let a million competitors bloom.
You sound exactly like those articles saying the internet is just going to be a fad LOL
And you sound like people right before the .com crash who though anything at all to do with the internet would be huge.
Precious metals do the job better than crypto. In God we trust, not in cabal-produced software relying on encryption algorithms the cabal gave us from free running on a computer the cabal built running an OS the cabal built and sending all data on an internet the cabal controls.
What makes precious metals valuable? Their use in electronics and other things that the cabal produces? I agree most crypto is a scam. But decentralized finance is the future. No more middleman. Returning power to the people.
But Al Gore invented the internet.
You know nothing about NFTs and how they will work with things like Music, Video games, etc.
NFT is not just for a picture.
And you are used to living under monopolies who’ve perverted your idea of what IP law is for. When the monopolies are gone there will be no demand for it.
If so, I don't mind. At least I was involved in helping expose the corruption on wall street who fund the cabal.
Uh, what?
Proof of him being involved in pedophilia please.
And your second statement doesn't make sense. How would the stock going up for someone who owns 9 million shares take him out? He doesn't have a short position on his own company. He isn't invested in hedge funds. They are diametrically opposed.
The FUD just gets more and more bizarre.
Well, he's not a shill at least, only a Real Raw News reader LOL.
RC is a good guy. Quit spreading bs. Or give A reliable source.
Dude, he's the chairman of the board on Gamestop.
He started a company called chewy with family money. I wouldn’t be surprised if he was into some stuff. That company did have some disney vibes to it now that I think about it.
Every time you insult him you get a bunch of people freaking out so theres clearly something there. Pretty sure he’s one of those people think are a white hat when they’re not. Thus the emotional response.
Edit: wow didn’t expect proof in the responses right away. Just an example of how emotional people get.
Well the baseless accusations on nothing more than an unfair assumption doesn't exactly lend well to a productive dialogue, hence the response.
Solid enough data for me.
He strives for good customer service, and he brought that over to Gamestop.
Can you say the same about Trump?