I've been holding GME forever and basically forgot about it. Looked at the account and now I have 1 GME.W valued around $2.93
I don't know where it came from, but understand I can buy more GME.W at this price. Can anyone explain to me what's going on with this?
Thanks and I appreciate the help
For every 9 GMEs the board authorized a bonus of 1 warrant tat you can use to purchase GME at $32. Its mainly aimed at short sellers. Just keep HODLing them just like GMEs.
Every 10 shares, they gave 1 warrant, not 9. You can buy a GME share with it when the price goes over $32. Do not buy a share below. $32 or you lose money. You can also hold the warrant, (expires worthless in 1 year) or sell it before the year is up. It’s only worth $2.93 now so I’m just holding mine.
You can buy all the shares you want below 32. In fact, you should (NFA). Just don't exercise your warrants at under 32.
I bought an extra $100.00 worth. Figured I’d take a chance, if we don’t get to $32. I’ll just sell them before the year is up. Might lose some depending on if the value goes up or down.
Shorts have to get their hands on these... hold up until close to expiration date, the price is almost certain to go up (NFA).
Yup, want to hold as long as possible, hoping we go above $32
I bought another 24 I think the morning they went live. I expect to see some interesting action around these. If not, I do expect the price to be over 32 by next October and I'll exercise for another 24(?) shares at a discount. Win win.
No sell, only HODL!
I was thinking maybe DJT stock will do this to protect from short sellers too? Also, did you see article about GME positioning itself like a Berkshire Hathaway stock? They are invested and making good money around the world. Positioning for the future... Glad I'm still holding with DJT!
One thing to add to what the others say is that they bought you out of your shares.