It's not technically a split. It's a dividend wherein the company issues 3 extra shares for each one an entity holds. Calling it a split would be incorrect, but it is similar to one.
Who do you believe? The Reddit touts or the management of Gamestop itself?
Gamestop's SEC filing 7/6/22 says:
Board of Directors has approved and declared a four-for-one split of the Company’s Class A common stock in the form of a stock dividend.
The stock dividend will be distributed after the close of trading on July 21, 2022. Trading will begin on a stock split-adjusted basis on July 22, 2022.
Interesting choice not to italicized the part where they say it's in the form of a dividend. There are mechanical implications of it being a dividend as opposed to a split.
Interesting stipulation to be putting on my response where you yourself use an SEC link. In any case, there are tax implications when it's a non taxable dividend versus a split and on top of that anyone who is short is obligated to buy those extra shares for every share they're short.
Here's a source from the IRS highlighted for your convenience. Of course, I don't actually expect this to mean anything to someone who's arguing in bad faith.
It's not technically a split. It's a dividend wherein the company issues 3 extra shares for each one an entity holds. Calling it a split would be incorrect, but it is similar to one.
https://www.reddit.com/r/Superstonk/comments/tuoeaz/the_coming_horrors_awaiting_shorts/?utm_medium=android_app&utm_source=share
Dang. Nice
Yeah ... nice ... except he's full of shit.
Here is the company's SEC filing:
https://www.sec.gov/Archives/edgar/data/1326380/000132638022000100/a991-stocksplitannouncement.htm
Technically, it is.
Who do you believe? The Reddit touts or the management of Gamestop itself?
Gamestop's SEC filing 7/6/22 says:
https://www.sec.gov/Archives/edgar/data/1326380/000132638022000100/a991-stocksplitannouncement.htm
Ain't no free lunch.
Interesting choice not to italicized the part where they say it's in the form of a dividend. There are mechanical implications of it being a dividend as opposed to a split.
OK. Explain in your own words (no links).
I double dog dare ya. I KNOW you can't explain it because you don't understand it.
Is that you, Kenny mayoboi?
Interesting stipulation to be putting on my response where you yourself use an SEC link. In any case, there are tax implications when it's a non taxable dividend versus a split and on top of that anyone who is short is obligated to buy those extra shares for every share they're short.
Here's a source from the IRS highlighted for your convenience. Of course, I don't actually expect this to mean anything to someone who's arguing in bad faith.