GME approves 4:1 stock split dividend. - The Great Awakening - Where We Go Qne, We Go All!

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GME approves 4:1 stock split dividend. (media.greatawakening.win)

posted 2 years ago by mitmont123 2 years ago by mitmont123 +336 / -0

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– MAG768720 1 point 2 years ago +1 / -0

Doesn’t this quintuple the available stock for the short sellers to settle their positions?

Quadruple.

It was my understanding that the GME strategy was to limit their ability to cover their positions because they shorted more stock than was available.

Yeah, seems weird, huh?

Of course, companies registered with the SEC are prohibited from stock manipulation, even if the price goes up.

So, there's that ...

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– NoApologyTour 1 point 2 years ago +1 / -0

Small nit, but they’re issuing 4 new shares, so there will soon be 5 shares for every 1 share that exists now.

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– MAG768720 1 point 2 years ago +1 / -0

No, it's a 4:1 split, so they are issuing 3 shares for every 1 existing share, making it 4 total.

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– NoApologyTour 1 point 2 years ago +1 / -0

Thanks for clarifying, I read elsewhere it was a dividend.

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– MAG768720 2 points 2 years ago +2 / -0

Yeah, that's what makes it confusing. Company says it is both.

https://www.sec.gov/Archives/edgar/data/1326380/000132638022000100/a991-stocksplitannouncement.htm

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