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
^^^^^ 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!