Wake me up when this is over, tuning out GME and all the blah blah blah until then. Too much hype for too little result. And by result I mean increase in the dollar value of my investment. I’m not selling but I’m out of the rah rah hype train. SEC is crooked, markets are beyond fuct with the SEC’s assistance, MSM is bought and paid for, and 15 months later after that meeting, I’m out of joy. Setting alerts and moving on with my life. I have bought, held, drs’d and that’s all I can do.
All in due time. Sit back relax and enjoy the shitstorm, that may come tomorrow, next week or in a few months. But ohh there is going to be a shitstorm, and you my ape are on the right side of history.
Not sure why you wouldn't be excited. This was great, all items up for vote passed. Now we are just waiting for the board to do their job and approve the stock split.
Interesting that they voted to increase the available shares. If I had a tin foil hat, does that mean that the naked shorts are no longer naked?
2nd - how does the DRS lock the float now?
There are only 76 million ISSUED shares. Meaning they already have the ability to sell 224 MILLION more shares (they had up to 300 MILLION shares available already). Now there will be 924 MILLION shares they could sell to the market if they chose, or they could split the stock up to 13/1. Or they can continue to let the shorts spin in the soon to be graves at the speculation of what this company is going to do with these extra shares they can choose to sell to the market, or split, or simply hold on to for later fund raising campaigns.
So only 76 Million issued shares, with 12.5 Million locked by DRS, plus institutions, et al.. and thats how we lock the float. Nothing has changed... yet
>So only 76 Million issued shares, with 12.5 Million locked by DRS, plus institutions, et al.. and thats how we lock the float. Nothing has changed... yet
And nothing will be changed by the split via stock dividend. All those numbers just get multiplied by the split ratio.
Correct. The stock price will become more affordable and, if similar to other shorted stocks(it is) there will be a steady rise in stock price after the split as well, or so the thought goes, based off other highly shorted stocks.
It's a complicated enough situation that simply multiplying everything by X possibly can upset the balance. Too many moving parts to assume it's impossible.
It means they now have the ability to dilute, or offer up stock to bring in $$$.
Should read the fine print.
Edit
From a little further down…
> Reservation of Right to Abandon Authorized Shares Amendment and Stock Split
> Our Board reserves the right to not proceed with the Authorized Shares Amendment and to abandon the Authorized Shares Amendment without further action by our stockholders at any time before the effectiveness of the filing of the Certificate of Amendment with the Secretary of State of the State of Delaware…**Additionally, our Board reserves the right to not proceed with a Stock Split at all, even if this proposal is approved by our stockholders.**
they pulled a bait and switch. Told apes to vote for 1 billion authorized shares for split and dividend.
They got approved by the votes and now say "oh now the split/dividend isnt guaranteed like we originally said."
they are stringing the Apes for their own profits. I bought back in at $90, but after that meeting Im skeptical
Have you ever listened to, or attended a shareholder meeting before? Just curious.
They are the most boring, formal and to the point meetings ever.
The vote was to increase the amount of allowable shares in order to potentially split the stock in the future. It doesn't mean it's just immediately put into effect. The original vote on the increase was raised when the price was around $180. It's significantly cheaper now and could go down further.
Just because there was a vote doesn't mean they intend to enact it. What if the price was sitting around $20. It wouldn't make sense to do a split then. No one is stringing anyone along.
Gme is THEEE most observed and scrutinized stock in the market right now. There are likely tons of regulatory eyes on them right now. They have to be extremely cautious in everything they do and most likely have been advised to not do or say anything that could be misinterpreted or acted upon.
Which is why RC always tweets so vaguely and cryptically.
they literally said the purpose of the vote was for a stock split and that they intended to approve it. Now that they won the votes they're doing a 180 and saying "we'll think about it"
"Approve an amendment to our Third Amended and Restated Certificate of Incorporation to increase the number of authorized
shares of our Class A Common Stock (the “common stock”) to 1,000,000,000"
☝️
The word potential is used because they know market conditions can change. A vote doesn't mean something like this is immediately enacted. If there is a vote to elect someone as a board member, and the vote succeeds and then two months later that person murders someone it doesn't mean that they still get to be a board member.
I'm not ignoring. They don't have to enact it! Here is the exact verbiage. Gotta read the whole thing next time and not just what people post on Reddit.
"Our Board reserves the right to not proceed with the Authorized Shares Amendment and to abandon the Authorized Shares
Amendment without further action by our stockholders at any time before the effectiveness of the filing of the Certificate of
Amendment with the Secretary of State of the State of Delaware, even if the Authorized Shares Amendment is adopted and
approved by our stockholders at the annual meeting. By voting in favor of the Authorized Shares Amendment, you are expressly also
authorizing our Board to delay, not proceed with, and abandon, the proposed amendment if it should so decide, in its sole discretion,
that such action is in the best interests of GameStop and its stockholders. If the Board elects to abandon the Authorized Shares
Amendment, the number of authorized shares of common stock will remain at 300,000,000 and the Stock Split will not be effected.
Additionally, our Board reserves the right to not proceed with a Stock Split at all, even if this proposal is approved by our
stockholders."
Same as the last one. They will announce news when they have news to announce. This was baselessly built up just like last time.
Wake me up when this is over, tuning out GME and all the blah blah blah until then. Too much hype for too little result. And by result I mean increase in the dollar value of my investment. I’m not selling but I’m out of the rah rah hype train. SEC is crooked, markets are beyond fuct with the SEC’s assistance, MSM is bought and paid for, and 15 months later after that meeting, I’m out of joy. Setting alerts and moving on with my life. I have bought, held, drs’d and that’s all I can do.
I've been mostly out of the scene for 6 months. The results are about the same as before, but the waiting has been easier.
All in due time. Sit back relax and enjoy the shitstorm, that may come tomorrow, next week or in a few months. But ohh there is going to be a shitstorm, and you my ape are on the right side of history.
Not sure why you wouldn't be excited. This was great, all items up for vote passed. Now we are just waiting for the board to do their job and approve the stock split.
Its great and all, but they need to stop this price manipulation and quick, I don't care how.
Are you new here?
Says the 3 month account with 300 karma.
Are you new here? Because this is nonsense.
Interesting that they voted to increase the available shares. If I had a tin foil hat, does that mean that the naked shorts are no longer naked? 2nd - how does the DRS lock the float now?
Just cuz we have more shares available doesn’t mean they will be issued. They had 300mil available but have only issued 76 mil
There are only 76 million ISSUED shares. Meaning they already have the ability to sell 224 MILLION more shares (they had up to 300 MILLION shares available already). Now there will be 924 MILLION shares they could sell to the market if they chose, or they could split the stock up to 13/1. Or they can continue to let the shorts spin in the soon to be graves at the speculation of what this company is going to do with these extra shares they can choose to sell to the market, or split, or simply hold on to for later fund raising campaigns. So only 76 Million issued shares, with 12.5 Million locked by DRS, plus institutions, et al.. and thats how we lock the float. Nothing has changed... yet
>So only 76 Million issued shares, with 12.5 Million locked by DRS, plus institutions, et al.. and thats how we lock the float. Nothing has changed... yet And nothing will be changed by the split via stock dividend. All those numbers just get multiplied by the split ratio.
Correct. The stock price will become more affordable and, if similar to other shorted stocks(it is) there will be a steady rise in stock price after the split as well, or so the thought goes, based off other highly shorted stocks.
It's a complicated enough situation that simply multiplying everything by X possibly can upset the balance. Too many moving parts to assume it's impossible.
It means they now have the ability to dilute, or offer up stock to bring in $$$. Should read the fine print. Edit From a little further down… > Reservation of Right to Abandon Authorized Shares Amendment and Stock Split > Our Board reserves the right to not proceed with the Authorized Shares Amendment and to abandon the Authorized Shares Amendment without further action by our stockholders at any time before the effectiveness of the filing of the Certificate of Amendment with the Secretary of State of the State of Delaware…**Additionally, our Board reserves the right to not proceed with a Stock Split at all, even if this proposal is approved by our stockholders.**
they pulled a bait and switch. Told apes to vote for 1 billion authorized shares for split and dividend. They got approved by the votes and now say "oh now the split/dividend isnt guaranteed like we originally said." they are stringing the Apes for their own profits. I bought back in at $90, but after that meeting Im skeptical
Go get that meltdown karma
Have you ever listened to, or attended a shareholder meeting before? Just curious. They are the most boring, formal and to the point meetings ever. The vote was to increase the amount of allowable shares in order to potentially split the stock in the future. It doesn't mean it's just immediately put into effect. The original vote on the increase was raised when the price was around $180. It's significantly cheaper now and could go down further. Just because there was a vote doesn't mean they intend to enact it. What if the price was sitting around $20. It wouldn't make sense to do a split then. No one is stringing anyone along. Gme is THEEE most observed and scrutinized stock in the market right now. There are likely tons of regulatory eyes on them right now. They have to be extremely cautious in everything they do and most likely have been advised to not do or say anything that could be misinterpreted or acted upon. Which is why RC always tweets so vaguely and cryptically.
they literally said the purpose of the vote was for a stock split and that they intended to approve it. Now that they won the votes they're doing a 180 and saying "we'll think about it"
"Approve an amendment to our Third Amended and Restated Certificate of Incorporation to increase the number of authorized shares of our Class A Common Stock (the “common stock”) to 1,000,000,000" ☝️
[https://imgur.com/a/Yw5thR3](https://imgur.com/a/Yw5thR3) literally says split and that they intended to approve it
"The potential stock split".
"intends to approve if voters agree"
The word potential is used because they know market conditions can change. A vote doesn't mean something like this is immediately enacted. If there is a vote to elect someone as a board member, and the vote succeeds and then two months later that person murders someone it doesn't mean that they still get to be a board member.
love how you keep ignoring "intends to approve if voters agree"
I'm not ignoring. They don't have to enact it! Here is the exact verbiage. Gotta read the whole thing next time and not just what people post on Reddit. "Our Board reserves the right to not proceed with the Authorized Shares Amendment and to abandon the Authorized Shares Amendment without further action by our stockholders at any time before the effectiveness of the filing of the Certificate of Amendment with the Secretary of State of the State of Delaware, even if the Authorized Shares Amendment is adopted and approved by our stockholders at the annual meeting. By voting in favor of the Authorized Shares Amendment, you are expressly also authorizing our Board to delay, not proceed with, and abandon, the proposed amendment if it should so decide, in its sole discretion, that such action is in the best interests of GameStop and its stockholders. If the Board elects to abandon the Authorized Shares Amendment, the number of authorized shares of common stock will remain at 300,000,000 and the Stock Split will not be effected. Additionally, our Board reserves the right to not proceed with a Stock Split at all, even if this proposal is approved by our stockholders."
It was never going to be announced at the meeting. You are/have been misinformed
More votes than shares!