GME approves 4:1 stock split dividend.
(media.greatawakening.win)
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Where do you think the new shares come from? The split, correct? GME owners are not giving you theirs. They have to come from somewhere.
They come from the amount of shares GME is authorized to issue.
If that were true, then they wouldn't have to do a split at all. Just hand out free candy.
They started with 300 million shares authorized, and about 75 million issued. Their directors approved an increase in the authorized shares to 1 billion (from 300 million) and a 4:1 split of the 75 million issued, making it 300 million (which is why they also increased the authorized amount).
Those "authorized but unissued shares" have ZERO value ... UNTIL someone makes them have value. It could be done with a secondary offering, a treasury stock buy back, or in the case, a split.
No matter how they do it, there ain't no free lunch (not even free candy).
You still fail to comprehend the difference between a traditional split and one in the form of a dividend. Until you grasp this point there's no use in continuing this discussion.
^ Someone who gets it. A rare thing in this thread.
Kudos.
They seem to think the shares just magically pop out of nowhere ... poof ... and they get free candy in their brokerage account.
Of course, they are fighting against the shorts who get free short shares in their account, but free longs is somehow right and free shorts is somehow wrong.
The whole thing is bizarro world.