I awoke this AM to find two emails in my spam folder with the title of this post being the subject, Part 1 & Part 2.
Thinking I was still foggy, I read & reread, thinking surely it was DJT warrants, then thinking it was truly spam I logged into my ComputerShare account and sure enough, I have 7 GME warrants.
This is the first I've heard of warrants, if CS had emailed me before about them I must have overlooked it in spam, perhaps. So figured I'd start this as a discussion as I'm sure(hoping) there are others here holding GME and/or warrants unsure of how to proceed.
This is all I know so far, no idea of the exercise price.
Exercise price is $32, being it's only about $24 ATM I think it's best to put off exercising. Expiration is October 30 2026.
Although my first share purchased was entirely FOMO, $32 is a helluva bargain! lol
At this point, this is not even about warrants. Its about trapping the short sellers. Just keep them and be part of history.
u/User11212019
^^^^^ This ^^^^^
Short sellers that have warrants issued would now have to pony up the warrants as well as the shares - issuing the warrants may have flushed the squeamish shorts out of their positions before the warrants were issued so they could avoid a double whammy at payback time. The shorts still in their positions (the hedge funds, big finance douche-bags, etc.) will now be holding an even bigger bag when the MOASS happens. What happens to the naked shorts that were holding when the warrants were issued?
This was the real intent of the warrants. The fun is yet to begin!
I agree. No plans to sell myself.
Sorry for the late answer, but I just saw this in my email.
So what you're saying is, DO NOT accept the warrants?
Just ignore and delete the emails then keep waiting?
You dont need to "accept" the warrants. It should already be in your account. Atleast for me, it was since I have my GMEs parked at ComputerShare.
If your email tells you that you have to do certain things to accept the warrants then please do so and confirm that the warrants are in your account.
What I was talking about was exercising the warrants - which means converting the warrants into actual GME shares by paying $34 or so. That makes no sense right now since GME is trading at $24, so better to hold that off until GME trades above $34.
Why would you ignore or delete the email? Keep the email for records and make sure you log into your brokerage account and confirm that the warrants are in the account.
And please, if any of this doesn't make sense, contact a professional. Dont take advice on the internet.
I don't know! I've never done this before! I was told that all I had to do on ComputerShare was buy GME and do nothing!
In any case, I can confirm they are in my account.
That's it. Keep HODLing