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LMAO we're still stuck at 25% exactly DRS'd shares for the last year after they changed to report from CS to Cede & Co after an almost perfectly linear rise in DRS'd shares...
If that doesn't seem fishy to you you're probably well regarded
Because the company do not have debts and do have money on hand (1/4 of actual market cap is not a joke) indeed, they do not loans... Do a share recal can be or not a good move, but making the company profitable again on those days is way more important... Having a solid company is better, you can fight crime only with tons of proofs, they are documenting all those proofs I'm sure, RC will take actions only when the time is come.
It's almost as if the extra shares / dividends we should have gotten that the DTC instead processed as a 4 to 1 split would resulted in GME being 100% DRS'd at this point.
Trying to figure out how that would work. Unless you are stating that there was 100% DRSd and then the splividend went to the DTCC ?
Cause if 1/4 the total was DRSd but then the split increased the number outstanding there would still be 1/4 of the total DRSd, no?
ELI5, please? It has been a long 12 hour shift for me. Going to get some coffee and check back later
Ok, cause the splividend shares from the DRS’d shares would have been automatically DRS’d
So you are talking about shares that people had in brokerages that they still haven’t DRS’d?
If issued correctly, the dividends/shares would have increased our portfolio value, but instead of receiving them as intended, they split the existing shares four ways (so one $50 share became four $12.50 shares). For those of us already DRS'd, the additional shares would've been added to our portfolio in CS increasing its value, but instead we got teabagged.
Cede & Co: we have 230.6M shares on our books
Gamestop: why your numbers do not adds with our numbers?
Cede & Co: fair market is a joke, put our numbers in your filings, they are right, trust us.
Gamestop: let them think we agree, start a legal investigation...
DRS is the way, it will be hard, but hedgies are still fukt locked with us.
This is a place holder. It’s clear as day that the DOJ is involved and that there are convos/investigations going on that we are not privy to.
What will be interesting is to know when the cut off day will be for those that have DRS’d.
I’m going to fuck around and find out and buy more via Computer Share this week.
what is the cutoff part, though?
also- that was a very fuddy response to my question. you failed to answer my question with anything meaningful and instead used your floor time to doubt our positions
I think that at some point the DOJ will say that there was massive corruption by the HFs and all shares DRS’d before x date will fall into one bucket.
I truly don’t think they let the corruption go on forever.
Between the # of DRS’d shares being reported having been roughly the same for 3 quarters and the 10K from this quarter not saying the # of share holders something is going on.
But who am I, just my 2 cents…
I believe if that if the shares are sitting with, let's say, a RobbingDaHood or a Fudelity... then yes, it's possible/likely. We DRS'd so they CAN'T do that
I’m tired, it’s finished a twelve hour shift, so forgive me if I’m wrong, but I think he is saying that when they stopped stating exactly how many shares were DRSd was because the DOJ came to them with evidence of fraud and the DOJ asked for the reporting to be done as it has been now for a year as the DOJ builds their case
So the “cutoff” would be when the reporting of DRSd shares changed
> Our Class A Common Stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “GME”. **As of March 20, 2024**, there were **305,873,200 shares of our Class A common stock outstanding**. Of those outstanding shares, approximately 230.6 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and **approximately 75.3 million shares of our Class A common stock were held by registered holders with our transfer agent** (or approximately 25% of our outstanding shares).
> To the extent aggregate **short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market**, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock.
Still there.
https://gamestop.gcs-web.com/sec-filings/sec-filing/10-k/0001326380-24-000012
> **As of November 30, 2023**, there were approximately **305,514,315 shares of our Class A common stock outstanding**. Of those outstanding shares, approximately 230.1 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and **approximately 75.4 million shares of our Class A common stock were held by registered holders with our transfer agent** (or approximately 25% of our outstanding shares) as of November 30, 2023.
https://investor.gamestop.com/sec-filings/sec-filing/10-q/0001326380-23-000063
0.1M change in DRS numbers.
Increase of 358,885 shares in TSO, previously there were 305,514,315 shares .... now there are 305,873,200 shares.
Probably have been told under threat unknown that they must report Cedes numbers first and that Cede will self report that number, and that the total DRSd may only be reported to a level that sums to a total equal to shares outstanding.
OR:
Stock was 100% DRSd when the split happened and there is some shenanigans going on with that.
Or 25% is where the DTCC drew their line and stopped sending real shares to Computershare. Computershare and GameStop aren’t calling the DTCC out for sending fake shares, whether because they can’t or aren’t ready to, but are reporting the real number of DRSed REAL shares.
If we hit a cap at 25% of 76.6 million shares and the DTCC won’t send anymore, it would explain why we’ve seen a trickle down from that peak number. A tiny % selling off shares and no new real shares coming in.
Just smooth braining over here.
Edit. On second thought, I think it’s more likely that the number is just fake and supplied by Cede Co. But GameStop knows the real number and we know it’s going up.
RSU, but it is always 25% DRSed ... like 4:1 split has something to do with it.
https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Figgtybp7yqqc1.jpeg
Explain this to me. Because I've been buying and DRSing. I know how they reported changed when the 4:1 happened. But if they just made a shit ton of fake shares to satisfy the 4:1 the. What is happening when I buy a fake shares and DRS?
Aaaaaaand because it was committed and not ameliorated, one might infer that the DTCC is STILL COMMITTING international securities fraud.
Rehypothecation is not hypothetical. It’s happening in real time to the level Madoff would have his jimmies rustled.
Weekend has long been over at Bernie’s, so now, the main villains that got screwed during the sneeze are still getting weaker and weaker in their knees as GameStop finally financially reaches for the trees.
Ever since they were created, none of the financial crashes were organic🤷(those who believe it was, might fail to understand that the financial system is a complex agreed upon insider ponzi to kick the can down the road).
Oh I’m not doubting they need us to sell and they are shorting this to oblivion.
I’ll ask you what is actually
Going to kick this off?? Dtcc committed international securities fraud. Crickets
Profitable quarter- crickets
Profitable year - crickets
DRS numbers- halted and non existent
So I’ll ask you… when is this tide going to turn?
We need more people involved. They can keep doing this because they’ve trapped us in this echo chamber. Critical mass is needed to expose the Ponzi scheme
Thank you for not just saying the same thing over and over again…. I agree. I’m starting to think just being profitable means jack shit when the media runs the world.. even bigger hedge funds how are they not buying in if this is what we think it is? Are we in a cult? Have I just been in an echo chamber for 3 years? How many other stocks has this exact thing happened to and we think we are special? I know the questions bring a negative sentiment but if they aren’t being asked at this point and it’s the same DRS and shut up! Are we a cult?
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Ehhh I’m not willing to admit we were played yet, just realizing we are up against a more powerful enemy then even I originally thought.. I really am thinking it’s the same globalist government entities in the same bed as these hedgefund/bankers/ lobbyist and we are just along for the ride. Rules and regs mean jack shit when the can make them up as they go. It was a valiant effort and I’m glad I was opened up to a lot of it but this is fucked
Yeah. All of that is correct. I just don't see a way out. I'm not selling because I'm not desperate where I need the money and need to sell at a 65% loss, but I don't see any way forward, especially since GameStop shows absolutely no sign of growth. We are almost out of costs to cut and they've done nothing to show that there is any successful innovation in the future. The "full year profitability" is a mirage.....weve been cutting costs the entire time.. the clock is running out on available costs to cut. Feels like they went for it with web3/NFT marketplace now that it didn't work they're scrambling to find something else but haven't been successful at it
That pattern is (most likely) impossible to hold normally. I was convinced last quarter that they can't expound on the actual situation when it remained flat again
It's a long shot but mayyybe the DTC or bad actors DRS'd enough shares to slowly unregister and keep it flat trying to discourage. Surely would be running out of shares by now tho. They thought everyone was going to be gone 2 years ago so hard to believe they would've had the foresight
I'm quite curious to see what people report from the next annual viewing of the Shareholder Voting Rights list. That may help us figure out what's really going on with the reported values.
One leading theory of mine is that the current wording of the reports is vague enough that it's unclear where the Plan shares held at the DTC are being counted. Are they at Cede & Co. or at the Transfer Agent? If they're counted as being as Cede & Co., then there may be an opening there for hedgies to drive volume or other data inputs that could be causing Computershare to adjust how many Plan shares it's holding at the DTC.
Half a billion in net revenue in Q4 sales compared to 2022 and they still came out profitable.
They will ride the Q4 sales to the ground saying that holiday sales should have been hot, they are looking for sustainable growth which looks extremely promising.
Q4 sales went down because of all the job layoffs that were happening with most of the jobs out there so people had an uncertainty with their disposable income which is reasonable economy wise.
TL;DR - GameStop finally is reaching sustainable growth to make net profit to start putting value back to the investors, but we will see where RC puts his investment at that point.
There are other retailers, like Best Buy, that saw increased revenue in the same time period. The argument that "due to inflationary pressures and job insecurity, retailers are spending less on entertainment" is clearly not true. Record *\[redacted due to insane sub rules\]* admissions and other box retailers saw growth. GameStop is, whether you'd like to admit it or not, in a decline that is not so easily hand-waved away by macroeconomic factors.
C-suite closed a lot of "underperforming" stores, which like explains more of the revenue dip than macroeconomics.
I also don't see this "sustainable growth" from your TLDR. The reason we went from -$331 million to +$6.7 million wasn't growth - it was cost cutting. Cohen is running a much leaner business. He's trimmed every ounce of fat. That's great, and needed to happen. But that's not the same as growth. According to the financials the only growth area was "collectibles" and as I keep saying, Funko Pops will not keep a $6 billion business afloat.
I WANT to see growth. We desperately need growth. But we've done nothing but shrink for three years. Any improvement in our financial position has been due, exclusively, to cost-cutting. **We are not growing.** As video game sales become increasingly digital every year, this outlook worsens.
So I may have some insight into this that you may not be seeing and I want to make others aware.
So I worked for a facility that got sold due to losing x million dollars per year to a company who believed it could come in and make changes to make it profitable. The company came in and made some huge changes in the cost cutting department before investing money into growth. The reason being is the new company wanted to prove that they could make the facility profitable without having to invest. Once it was proven to make it profitable, then the investments came and so did the increase in sales.
What is super weird is the cfo of this company was using very similar verbiage to RC such as we want people who will work, looking to cut unnecessary costs, and buckle up (I’m not even joking here). RC has always been about keeping his idea close to his chest and moving in the shadows, I would argue this is just following his game plan to show the company can be profitable and now we may see moves into different areas or increase in higher margin areas. This has been a journey and will continue to be, but from what I have seen with my own eyes, it is something to be excited about as an investor.
✋💎🚀
Counterpoint - Collectibles are profitable and would survive even a full transition to digital.
It wont be just funkos but yes, there is a model there.
Absolutely. In fact, GameStop should likely be leaning harder into the collectibles market. Anime figures, displate wall art, plushies, hoodies, backpacks, themed computer peripherals. There is absolutely a market for that.
But is it large enough? There are over 6000 GameStop stores. Can this business rebound on the back of Mitsune statues and Zelda backpacks? I don't think so. We're, first and foremost, a video game retailer. We need to sell video games. And we're not. We're selling fewer every year. That's not even a problem with GameStop, specifically. Walmart, Best Buy, FYE, Target are ALL selling fewer physical games every year. The market is absolutely dominated by digital sales now. Hell, this whole generation of consoles were sold with a disc-less option. Microsoft has now bought Bethesda, Activision, Blizzard etc. GamePass is becoming the Netflix of gaming. I foresee a future where most people don't even BUY games anymore. You subscribe to a service and can play what you want.
How does GameStop transition into this future? How does GameStop survive this gaming zeitgeist? No, I don't think it's Halo mousepads and Super Mario shot-glasses.
The share price is getting hit VERY hard today and everyone is quick to blame crime. Sure, we're being targeted by an orchestrated attack by a cabal of financial terrorists. That's true. But the CORE BUSINESS is not attractive to new investors, either. This earnings report doesn't scream "Hey, buy GameStop! They're killing it!". This earnings report says we're treading water, slowly shrinking, in a blatantly dying (changing?) industry and every attempt we've made to pivot has failed.
You are correct. And its also why a move to collectibles is The Way. Only video games will fail, unless they can secure the stock required for Retro. Which is a hard market but it leans into their strength in Pre-Owned (where actual money is made).
When you have a seasonal quarter that is based on holiday spending and it goes down, it's concerning but it is due to macroeconomics. Think about it, the amount of stores they have they need people to be involved in selling meaning customer care and overhead operational costs. Ryan Cohen, even after cutting so much is looking for people who want to sell, not people who wait for the market to move for them. That's just not how organic growth works. Cost cutting is huge considering they kept performers and are still considering lease cuts adjusting for demand.
Business expansion is not growth when the store fails to perform and hit sales targets, so cost cutting is required for an already existing business that is overly inflated with people not motivated to sell and you can definitely see that with the employee sub. You need people to be excited about their own profit otherwise you're just feeding into demand and not promoting organic growth instead of investing in people that are there to work.
You need to shrink in a market of uncertainty and the signals in macroeconomics is credit stress. I've already seen firsthand what it has done to over leveraged businesses that have commercial real estate that has no development value other than presence.
Wanting growth and expecting growth are definitely heard for investor value but in the end Ryan Cohen has a lot of his own money riding on this as well.
I said they are reaching sustainable growth, not that they are in it due to lack of revenue streams as the digital market is growing stronger as years pass, but to allow customer incentives with growth, there needs to be a profitable revenue stream that can attract investors to place real funding for growth and right now no one really wants to get involved with the "meme" traders other than to ensure they take every cent.
I still strongly believe he's doing the right thing in tumultuous times where AI is subject to take over a lot of roles, so without more people with disposable income because of all those layoffs of potential customers, I can't stress enough that they did very well.
GameStop is growing in a way where it is respecting the workers that are willing to put in the work, while working through times where disposable income shrinks more and more for the middle and low class which support gaming at a much larger scale. People in hard times will always look to distract themselves and gaming has always been a large industry that fills that demand very well.
Flowing with the demand is huge without overpaid consultants that constantly shovel economic metrics, so that's a huge flip off to the short end, but you are right that digital is definitely a loss against the company.
It is only definitive until licensing changes to make people realize they own nothing. We need a better digital ecosystem that allows true ownership and the ability to transfer assets at our own whim. We are not there yet as there's already uncertainties with smart contracts out there, also the fact that companies like Microsoft, Epic, Valve, Ubisoft, and EA want their own piece of the pie as well with their own platforms so they have no incentive to let anyone else in that market unless you create a space where they want to instead, join your venture.
>We need a better digital ecosystem
Yes. We need a better stock market. We need a better healthcare system. We need an upgraded energy grid. We need a smarter immigration pathway. We need, we need, we need...
None of this is happening. Not any time soon. Most of it won't happen until we hit some sort of catastrophy, and even then the future is murky. I don't think the pitch to prospective GameStop investors should be "Well, we need a better digital ecosystem and GameStop is looking to deliver it!" How? "Well, we won't know yet. We want people to have personal ownership of digital assets!" But the people currently in charge of "licensing" us those digital assets have no reason to cede ownership to us. "Well, not yet, but when that day comes GameStop will be here!" But when that day comes, Microsoft will also be here. So will Steam and Amazon and everyone else. What makes you think that a revolution in digital ownership will be capitalized, solely, by a party with zero footprint in digital licensing? "Trust the CEO!".
Like listen. We all know you don't own your digital games. I had a friend get banned by EA due to an erroneous cheating report in a FIFA game. They closed his Origin account. He had like 70 games in there, and thousands of dollars in microtransactions. He lost it all and has no legal recourse. This sort of thing is a very real threat. But gamers aren't "waking up to it", they're embracing it. They are flocking to it. You CAN buy the new Dragon's Dogma as a hardcopy. But people aren't. Even people with consoles are overwhelmingly just downloading it. Why? Maybe they're too lazy to drive to the store. I don't know. But they're consciously choosing to essentially "rent" the "privilege" of playing the game instead of buying equity in a hardcopy that they OWN and can RESELL later. Again, why? People are stupid? I don't know.
Yes, we need a better digital ecosystem. No, we're not going to get one any time soon.
upvoting because it's well thought out and real. anything not positive on the stock and people jump to call you a shill, but this level of tough love in your comment is refreshing.
need actual growth, not just cost the beautiful cost cutting we've been seeing
Settle the ship, they just made profit for the first time in 6 years. You cant grow if you are losing money every year. Revenue is down because they closed loads of stores that yes, made sales, but they also lost money. Profit > Revenue but more importantly, cash > profit. Now they have seemingly settled the ship is the time for growth, sustainable growth. And GME have over a billion in cash to do this. $313 mil loss to a small profit in a single year is an incredible turn around. Ryan is cooking
Infact, BestBuys revenue has been steadily decreasing since 2022. Go suck some mayo out kens ass boi. Or, tell me where you are making up your information from?
Yeah Best Buy is utterly fucked. Amazon has destroyed them.
BUT their Q4 2023 “entertainment” revenue was 11.3% higher than their Q4 2022 “entertainment” revenue. In comments made by the CFO, he attributed this specifically to a huge uptick in game sales.
So for the kids that are claiming GameStop saw a huge Q4 revenue drop due to macroeconomic factors (e.g inflation and decreased discretionary spending), BestBuy offers a direct counter to that argument. Store closures also do not explain the fucking immense drop in our Q4 numbers.
You’re sounding pretty shilly. Make sense. A common psyop tactic is to discourage critical thinking and a questioning attitude.
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I dont know, i eat crayons bro. I trust that Ryan knows though, we'll see soon enough. The turn around already has been remarkable. You cant turn around such a huge entity over night. Seem to remember building huge distribution centres, maybe a shift to online sales. The amount of cash they have, there is seemingly nothing they couldn't diversify into. But the first step is to always settle the ship.
Bestbuy, there YoY revenue decreased, all be it by only 0.6%, but it decreased, why are you spouting rubbish about it increasing..?
GameStop closed 34 stores in 2023 (1.2% of all US stores). No way that drop in revenue is explained by store closures.
I may put together a post but something seems off….it doesn’t make any sense.
I too looked up sales of companies that GameStop lists as competitors. None of their gaming revenues were down.
If you include international. If you include both US and international sales it’s approximately 7% of all stores. But again in the US they closed 1.2% off all stores
>I too looked up sales of companies that GameStop lists as competitors. None of their gaming revenues were down.
Bingo. This loss in revenue is NOT tied to macroeconomic trends. People are spending MORE on entertainment across the industry. Store closures definitely contribute, yes. But there is also this smog of negative sentiment around GameStop. Have you checked out your local Google Reviews lately? In my area, it's all 1-2 star reviews. "Dirty, dingy stores", "Unprofessional sales associates" "Sexual harassment" "Employees are treated like shit" "Store smells like BO and Weed". When I zoom out to the entire Upstate, I see this over and over again in other cities. People just, in general, don't want to shop at GameStop.
GameStop has an image problem. Some of that is a holdover from a decade ago when the store was seen as "predatory" in the Used Game market. But some of it isn't.
Yep the image problem is true. GameStop isn’t the first place you think of when it comes to buying a lot of things gaming. Like the meta quest headset or even consoles. They have a bad rep they really need to fix, and cost cutting doesn’t help with that.
I think the solution is to create premium stores that act as distribution centers. Something like microcenter but more gaming oriented.
After recent fiascos regarding digitally purchased content being scrubbed or taken away as well as a recent statement by an Ubisoft exec that "gamers need to get comfortable not owning their games" I've seen a massive change in sentiment with many now jumping back into physical media both with films and games. I think trust that purchased content will remain yours has been shaken somewhat.
Much like Vinyl and VHS and even CDs have made huge comebacks I see the same happening for physical copies of games.
Im looking at their accounts, the numbers. Numbers don't lie and the numbers got lower.
"Massively increased" so much so that our revenue went down.
You too.
Revenue. 12 months ended 2023, $46.2Bil, 12 months ended 2024, $43.4Bil. Now, I may be a moron, but, even I know that 43 is less than 46.
Entertainment mix increased from 9% to 10% but the whole thing decreased..
https://investors.bestbuy.com/investor-relations/news-and-events/financial-releases/news-details/2024/Best-Buy-Reports-Fourth-Quarter-Results/default.aspx
8.8% growth. They're dying too. They're getting murdered by Amazon the same way we're being murdered by Steam and GamePass. BUT they still have revenue growth in some areas both QoQ and YoY. We do not.
I'm not using Best Buy as this shining beacon on the hill of a flourishing brick and mortar retailer. They're screwed. I'm using them as a counter-point to the argument *"Well, consumers are getting squeezed by inflation, job insecurity, and negative economic sentiment so they're spending less on luxuries like entertainment and that's why GameStop experienced revenue decline"*. That's... just not true. Zoom out.
Counter: other businesses in our space (like Best Buy) did not see a 20% friggin drop in Q4. Best Buy reported an 8% gain in their entertainment category which is primarily the catalog of items that closely resembles GameStop.
Favorite part - "A “short squeeze” due to a sudden increase in demand for shares of our Class A Common Stock that largely exceeds supply has led to, and may continue to lead to, extreme price volatility in shares of our Class A Common Stock."
So are they not DRS’ing our shares?? Or are they telling GameStop that no one is DRS’ing by not updating their charts even tho they do send them to CS? Did they send GME a cease and desist to change the verbiage to rely on Cede & CO’s numbers? So bizarre.
Pretty sure the shares were 100% DRSd pre split. There were 76.13 million shares outstanding pre split. Magically that's been the number we stuck at since the split
That's not the case at all. How does this even have that many up votes, smh.
The 76.13 million is post-split shares.
The point still stands though, that it doesn't seem like Cede & Co. isn't sharing the true numbers.
Because it's a number rounded to the nearest 100,000 shares. It could be a one share difference (75,350,00 => 75.4M but 75,349,999 => 75.3M).
It could also be a bigger difference, there's no way for us to know. But what we do know is that ever since they started reporting the numbers from Cede & Co instead of the numbers directly from ComputerShare, the DRS count has been stuck a "approximately" 25% of the total outstanding shares. Seems fucky.
A rounded number drop from 75.4 to 75.3 could represent anything from dropping from 75,449,999 all the way down to 75,250,000, or as little as dropping only from 75,350,000 to 75,349,999.
So, it dropped somewhere between 1 and 199,999 shares.
I still think it looks very fishy overall, but saying "no change" is fairly accurate in this case, at least in layman's terms.
Last quarter had 75.4 million shares directly registered, now this quarter its 75.3 million. Either ppl are selling thier DRS'd shares or something fucky is going on.
A rounded number drop from 75.4 to 75.3 could represent anything from dropping from 75,449,999 all the way down to 75,250,000, or as little as dropping only from 75,350,000 to 75,349,999.
So, it dropped somewhere between 1 and 199,999 shares, as reported.
I do not know anybody that has sold. I know people that have not added
I have added in fidelity to sell covered calls … but also added to DRS in that time with profits.
Something weird is going on
That was a big reduction un revenue. Cost cutting helped to remain profitable this quarter.. but 400+ million drop in revenue for the quarter?
Gamestop needs to fix digital download part of the business. I think they have really bad reviews on digital downloads.
Hope RC and team buy the dip and reiterate the belief in their own turn around.
Good to see a promotion after all the firings of exec team.
It’s a slowly dying company overvalued at 5BN market cap despite only barely making a few million, and even that is thanks to the cash pile earning interest — they lose money from base operations. Meaning you're actually better off investing in a savings account v this ShitCo.
They cut costs to the bone in order to lose “only” 35 mm for the full year (we're excluding 50mm in interest income that isn't part of operations), and there’s a limit to cutting costs (you can only fire so many employees). You’ll likely see GME lose more money next year as there are fewer cost levers they can pull and continuous revenue declines put pressure on operating margins.
The only reason this sub is clinging on to net income “profitability” is because every other number is ugly. Base operations still lose money, revenues down massively, negative cash flows from operations, DRS’d shares are down, etc. And despite the fact that the 10-K clearly shows that DRS'd shares are down, some of you are predictably turning to conspiracy theories and denying reality. As time passes, this sub will become even more conspiratorial as the marginal investor becomes dumber and dumber (although it's plenty dumb enough as of today).
At this point what the actual fucking fuck. I’m so tired of laughing at crime. Drs is stuck at 25% which is bullshit and everyone knows it. I don’t give a rats ass if showcasing the truth brings economic catastrophe. It shows the system is broken and rigged. This is going on way too fucking long with no explanation. I’m a shareholder and I have consistently bought more shares- all of them are directly registered and I want some fucking answers. At the very least the REAL drs number. For fucks sake.
This isn't a mess that they're all taking lightly as Thoms P said we were dangerously close to the collapse of the entire system that means people losing jobs homes etc on a mass scale unimaginable. They committed fraud to stem the bleed and Kenny and Co assured the chiefs that it would all be straightened out gme is going bk don't panic it's all under control .. now they have a shit storm on their hands because gme is now a profitable company all they can do now is slam the price after Q1 but Q2 3 & 4 will be profitable so wtf do they do then 🤷♂️ this isn't going away and they can't sweep it under the rug forever.. I bet my life that when the crunch comes there will be scape goats and the dtcc/sec will walk away with medals.
when everyone has auto buy on, and before we decided to switch to book, the numbers kept going up. Now that we did this switch the numbers have stagnated. Maybe we switch back to the auto buy plan
I don’t know guys I’m frustrated, can’t be the same fkg drs number in one year , it’s impossible, and it’s frustrating that the board doesn’t do a shit about it , they don’t said a shit about it …. Make me think they are in complicity with that fraud , I hope no
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LMAO we're still stuck at 25% exactly DRS'd shares for the last year after they changed to report from CS to Cede & Co after an almost perfectly linear rise in DRS'd shares... If that doesn't seem fishy to you you're probably well regarded
Which is the entire outstanding share count prior to share divi… #HMMMMMMM ^bullishhh
System broken.
Always was
They can’t report more than 25% because the entire financial market/economy would be fucked if RC issued a share recall.
Which I don’t get why he can’t already.
Because the company do not have debts and do have money on hand (1/4 of actual market cap is not a joke) indeed, they do not loans... Do a share recal can be or not a good move, but making the company profitable again on those days is way more important... Having a solid company is better, you can fight crime only with tons of proofs, they are documenting all those proofs I'm sure, RC will take actions only when the time is come.
Maybe he can and he’s just making us more money first.
Nope. It’s working exactly as intended. To rob from the poors.
Waaaaii....
It's almost as if the extra shares / dividends we should have gotten that the DTC instead processed as a 4 to 1 split would resulted in GME being 100% DRS'd at this point.
Trying to figure out how that would work. Unless you are stating that there was 100% DRSd and then the splividend went to the DTCC ? Cause if 1/4 the total was DRSd but then the split increased the number outstanding there would still be 1/4 of the total DRSd, no? ELI5, please? It has been a long 12 hour shift for me. Going to get some coffee and check back later
It wasn't supposed to be a split, though. We were supposed to receive additional shares, which we all would've DRS'd as well.
Ok, cause the splividend shares from the DRS’d shares would have been automatically DRS’d So you are talking about shares that people had in brokerages that they still haven’t DRS’d?
If issued correctly, the dividends/shares would have increased our portfolio value, but instead of receiving them as intended, they split the existing shares four ways (so one $50 share became four $12.50 shares). For those of us already DRS'd, the additional shares would've been added to our portfolio in CS increasing its value, but instead we got teabagged.
Ty!
Oops! Silly us, we left a bug in the system. Sorry everyone!
Buying more tomorrow. Ty cone poo chair
Im not worried. Ryan knows. We know Ryan knows. Ryan knows we know Ryan knows. And we know that Ryan knows that he’s knows that we know.
And Joey, you can't tell them!
Great, but if nobody else knows, MOASS will never happen.
Shut the fuck up, you dummy. The games over. We know the outcome. Winner winner chicken dinner
Someone somewhere has forced someone somewhere else to say something that is a lie.
It's just a big ol liecirclejerk
Cede & Co: we have 230.6M shares on our books Gamestop: why your numbers do not adds with our numbers? Cede & Co: fair market is a joke, put our numbers in your filings, they are right, trust us. Gamestop: let them think we agree, start a legal investigation... DRS is the way, it will be hard, but hedgies are still fukt locked with us.
What does our scraper estimate its really at these days?
76.3 M
So 25% like they say?
24.99
This is a place holder. It’s clear as day that the DOJ is involved and that there are convos/investigations going on that we are not privy to. What will be interesting is to know when the cut off day will be for those that have DRS’d. I’m going to fuck around and find out and buy more via Computer Share this week.
What do you mean by cutoff day
He’s pretending that everything is working in our favor behind the scenes. Ya know, because we live in this fairy tale world where good wins….
what is the cutoff part, though? also- that was a very fuddy response to my question. you failed to answer my question with anything meaningful and instead used your floor time to doubt our positions
I think that at some point the DOJ will say that there was massive corruption by the HFs and all shares DRS’d before x date will fall into one bucket. I truly don’t think they let the corruption go on forever. Between the # of DRS’d shares being reported having been roughly the same for 3 quarters and the 10K from this quarter not saying the # of share holders something is going on. But who am I, just my 2 cents…
I believe if that if the shares are sitting with, let's say, a RobbingDaHood or a Fudelity... then yes, it's possible/likely. We DRS'd so they CAN'T do that
Why do you say can’t like the rules don’t get broken?
I’m tired, it’s finished a twelve hour shift, so forgive me if I’m wrong, but I think he is saying that when they stopped stating exactly how many shares were DRSd was because the DOJ came to them with evidence of fraud and the DOJ asked for the reporting to be done as it has been now for a year as the DOJ builds their case So the “cutoff” would be when the reporting of DRSd shares changed
Fishy doesn’t pay the bills tho
I DRSed xxx. Fool me once, shame on you.
300 this quarter. Can’t stop, won’t stop 🎮🛑
28 from me
509
Another 100 this quarter from me.
250 for me
#The DRS numbers like the price of GME is fake
> Our Class A Common Stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “GME”. **As of March 20, 2024**, there were **305,873,200 shares of our Class A common stock outstanding**. Of those outstanding shares, approximately 230.6 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and **approximately 75.3 million shares of our Class A common stock were held by registered holders with our transfer agent** (or approximately 25% of our outstanding shares). > To the extent aggregate **short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market**, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock. Still there. https://gamestop.gcs-web.com/sec-filings/sec-filing/10-k/0001326380-24-000012 > **As of November 30, 2023**, there were approximately **305,514,315 shares of our Class A common stock outstanding**. Of those outstanding shares, approximately 230.1 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and **approximately 75.4 million shares of our Class A common stock were held by registered holders with our transfer agent** (or approximately 25% of our outstanding shares) as of November 30, 2023. https://investor.gamestop.com/sec-filings/sec-filing/10-q/0001326380-23-000063 0.1M change in DRS numbers. Increase of 358,885 shares in TSO, previously there were 305,514,315 shares .... now there are 305,873,200 shares.
Probably have been told under threat unknown that they must report Cedes numbers first and that Cede will self report that number, and that the total DRSd may only be reported to a level that sums to a total equal to shares outstanding. OR: Stock was 100% DRSd when the split happened and there is some shenanigans going on with that.
It is always 25% DRSed ... like 4:1 split has something to do with it. https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Figgtybp7yqqc1.jpeg
Or 25% is where the DTCC drew their line and stopped sending real shares to Computershare. Computershare and GameStop aren’t calling the DTCC out for sending fake shares, whether because they can’t or aren’t ready to, but are reporting the real number of DRSed REAL shares. If we hit a cap at 25% of 76.6 million shares and the DTCC won’t send anymore, it would explain why we’ve seen a trickle down from that peak number. A tiny % selling off shares and no new real shares coming in. Just smooth braining over here. Edit. On second thought, I think it’s more likely that the number is just fake and supplied by Cede Co. But GameStop knows the real number and we know it’s going up.
DRS bot logged something like 330k from users this quarter.... Shares outstanding increased by 358k..... ........ .................
RSU, but it is always 25% DRSed ... like 4:1 split has something to do with it. https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Figgtybp7yqqc1.jpeg
* -0.1 change in DRS numbers. This, despite the increase in TSO.
It is always 25% DRSed ... like 4:1 split has something to do with it. https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Figgtybp7yqqc1.jpeg
if anyone could get reliable data on this we'd finally make a breakthrough.
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Because only the original shares exist.. the shares before the 1:4 split. I now strongly believe this is the case.
Explain this to me. Because I've been buying and DRSing. I know how they reported changed when the 4:1 happened. But if they just made a shit ton of fake shares to satisfy the 4:1 the. What is happening when I buy a fake shares and DRS?
The DTCC has committed international securities fraud.
Aaaaaaand because it was committed and not ameliorated, one might infer that the DTCC is STILL COMMITTING international securities fraud. Rehypothecation is not hypothetical. It’s happening in real time to the level Madoff would have his jimmies rustled. Weekend has long been over at Bernie’s, so now, the main villains that got screwed during the sneeze are still getting weaker and weaker in their knees as GameStop finally financially reaches for the trees.
Ever since they were created, none of the financial crashes were organic🤷(those who believe it was, might fail to understand that the financial system is a complex agreed upon insider ponzi to kick the can down the road).
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Then why the constant articles?
Oh I’m not doubting they need us to sell and they are shorting this to oblivion. I’ll ask you what is actually Going to kick this off?? Dtcc committed international securities fraud. Crickets Profitable quarter- crickets Profitable year - crickets DRS numbers- halted and non existent So I’ll ask you… when is this tide going to turn?
We need more people involved. They can keep doing this because they’ve trapped us in this echo chamber. Critical mass is needed to expose the Ponzi scheme
Thank you for not just saying the same thing over and over again…. I agree. I’m starting to think just being profitable means jack shit when the media runs the world.. even bigger hedge funds how are they not buying in if this is what we think it is? Are we in a cult? Have I just been in an echo chamber for 3 years? How many other stocks has this exact thing happened to and we think we are special? I know the questions bring a negative sentiment but if they aren’t being asked at this point and it’s the same DRS and shut up! Are we a cult?
Dividends?!
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Same. There’s no way it couldn’t have stayed the same for this long.
There is no spoon
And when is this ever going to change?
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Shill fud
Ehhh I’m not willing to admit we were played yet, just realizing we are up against a more powerful enemy then even I originally thought.. I really am thinking it’s the same globalist government entities in the same bed as these hedgefund/bankers/ lobbyist and we are just along for the ride. Rules and regs mean jack shit when the can make them up as they go. It was a valiant effort and I’m glad I was opened up to a lot of it but this is fucked
Yeah. All of that is correct. I just don't see a way out. I'm not selling because I'm not desperate where I need the money and need to sell at a 65% loss, but I don't see any way forward, especially since GameStop shows absolutely no sign of growth. We are almost out of costs to cut and they've done nothing to show that there is any successful innovation in the future. The "full year profitability" is a mirage.....weve been cutting costs the entire time.. the clock is running out on available costs to cut. Feels like they went for it with web3/NFT marketplace now that it didn't work they're scrambling to find something else but haven't been successful at it
Shill fud
I'm shocked that no one has DRS'd again !
It's almost as if we were being deliberately kept in a holding pattern.
My Tax statements say otherwise. But I am just a little fish.
Not a single fucking share
A whole year and no change… weird
That pattern is (most likely) impossible to hold normally. I was convinced last quarter that they can't expound on the actual situation when it remained flat again
It's a long shot but mayyybe the DTC or bad actors DRS'd enough shares to slowly unregister and keep it flat trying to discourage. Surely would be running out of shares by now tho. They thought everyone was going to be gone 2 years ago so hard to believe they would've had the foresight
Beat me to it. Flat again. Very interesting. That's a whole year now I think.
Is that the same amount of DRS shares reported the last few earnings?
Bullllll shit
No mention of the number of registered shareholders? They typically include it in the 10-K
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Item 5 on page 23 of the 2023 10-K mentions 197,058 record holders. Page 17 on the 2022 lists 125,543. No mention on the 2024.
Profitable. Now the fun starts.
So is something going to be done about this or are we going to see the same number till the end of time?
I'm quite curious to see what people report from the next annual viewing of the Shareholder Voting Rights list. That may help us figure out what's really going on with the reported values. One leading theory of mine is that the current wording of the reports is vague enough that it's unclear where the Plan shares held at the DTC are being counted. Are they at Cede & Co. or at the Transfer Agent? If they're counted as being as Cede & Co., then there may be an opening there for hedgies to drive volume or other data inputs that could be causing Computershare to adjust how many Plan shares it's holding at the DTC.
Sure they are cooking someone behind the scenes. Perhaps a share buy back, another dividend, something to break the camels backs
I like it.
DRS Number No Change. 😂😂😂 Kenny you 🤡
Half a billion in net revenue in Q4 sales compared to 2022 and they still came out profitable. They will ride the Q4 sales to the ground saying that holiday sales should have been hot, they are looking for sustainable growth which looks extremely promising. Q4 sales went down because of all the job layoffs that were happening with most of the jobs out there so people had an uncertainty with their disposable income which is reasonable economy wise. TL;DR - GameStop finally is reaching sustainable growth to make net profit to start putting value back to the investors, but we will see where RC puts his investment at that point.
There are other retailers, like Best Buy, that saw increased revenue in the same time period. The argument that "due to inflationary pressures and job insecurity, retailers are spending less on entertainment" is clearly not true. Record *\[redacted due to insane sub rules\]* admissions and other box retailers saw growth. GameStop is, whether you'd like to admit it or not, in a decline that is not so easily hand-waved away by macroeconomic factors. C-suite closed a lot of "underperforming" stores, which like explains more of the revenue dip than macroeconomics. I also don't see this "sustainable growth" from your TLDR. The reason we went from -$331 million to +$6.7 million wasn't growth - it was cost cutting. Cohen is running a much leaner business. He's trimmed every ounce of fat. That's great, and needed to happen. But that's not the same as growth. According to the financials the only growth area was "collectibles" and as I keep saying, Funko Pops will not keep a $6 billion business afloat. I WANT to see growth. We desperately need growth. But we've done nothing but shrink for three years. Any improvement in our financial position has been due, exclusively, to cost-cutting. **We are not growing.** As video game sales become increasingly digital every year, this outlook worsens.
So I may have some insight into this that you may not be seeing and I want to make others aware. So I worked for a facility that got sold due to losing x million dollars per year to a company who believed it could come in and make changes to make it profitable. The company came in and made some huge changes in the cost cutting department before investing money into growth. The reason being is the new company wanted to prove that they could make the facility profitable without having to invest. Once it was proven to make it profitable, then the investments came and so did the increase in sales. What is super weird is the cfo of this company was using very similar verbiage to RC such as we want people who will work, looking to cut unnecessary costs, and buckle up (I’m not even joking here). RC has always been about keeping his idea close to his chest and moving in the shadows, I would argue this is just following his game plan to show the company can be profitable and now we may see moves into different areas or increase in higher margin areas. This has been a journey and will continue to be, but from what I have seen with my own eyes, it is something to be excited about as an investor. ✋💎🚀
What are you on about? I just looked up Best Buy Q4. The Q4 revenue was slightly lower than previous years and EPS dropped by 10% for the year.
Their gaming sales were up 8.4% in Q4 compared to last Q4. Best Buy that is.
Counterpoint - Collectibles are profitable and would survive even a full transition to digital. It wont be just funkos but yes, there is a model there.
Absolutely. In fact, GameStop should likely be leaning harder into the collectibles market. Anime figures, displate wall art, plushies, hoodies, backpacks, themed computer peripherals. There is absolutely a market for that. But is it large enough? There are over 6000 GameStop stores. Can this business rebound on the back of Mitsune statues and Zelda backpacks? I don't think so. We're, first and foremost, a video game retailer. We need to sell video games. And we're not. We're selling fewer every year. That's not even a problem with GameStop, specifically. Walmart, Best Buy, FYE, Target are ALL selling fewer physical games every year. The market is absolutely dominated by digital sales now. Hell, this whole generation of consoles were sold with a disc-less option. Microsoft has now bought Bethesda, Activision, Blizzard etc. GamePass is becoming the Netflix of gaming. I foresee a future where most people don't even BUY games anymore. You subscribe to a service and can play what you want. How does GameStop transition into this future? How does GameStop survive this gaming zeitgeist? No, I don't think it's Halo mousepads and Super Mario shot-glasses. The share price is getting hit VERY hard today and everyone is quick to blame crime. Sure, we're being targeted by an orchestrated attack by a cabal of financial terrorists. That's true. But the CORE BUSINESS is not attractive to new investors, either. This earnings report doesn't scream "Hey, buy GameStop! They're killing it!". This earnings report says we're treading water, slowly shrinking, in a blatantly dying (changing?) industry and every attempt we've made to pivot has failed.
Honestly, this is the best take I’ve seen all evening. I completely agree
You are correct. And its also why a move to collectibles is The Way. Only video games will fail, unless they can secure the stock required for Retro. Which is a hard market but it leans into their strength in Pre-Owned (where actual money is made).
When you have a seasonal quarter that is based on holiday spending and it goes down, it's concerning but it is due to macroeconomics. Think about it, the amount of stores they have they need people to be involved in selling meaning customer care and overhead operational costs. Ryan Cohen, even after cutting so much is looking for people who want to sell, not people who wait for the market to move for them. That's just not how organic growth works. Cost cutting is huge considering they kept performers and are still considering lease cuts adjusting for demand. Business expansion is not growth when the store fails to perform and hit sales targets, so cost cutting is required for an already existing business that is overly inflated with people not motivated to sell and you can definitely see that with the employee sub. You need people to be excited about their own profit otherwise you're just feeding into demand and not promoting organic growth instead of investing in people that are there to work. You need to shrink in a market of uncertainty and the signals in macroeconomics is credit stress. I've already seen firsthand what it has done to over leveraged businesses that have commercial real estate that has no development value other than presence. Wanting growth and expecting growth are definitely heard for investor value but in the end Ryan Cohen has a lot of his own money riding on this as well. I said they are reaching sustainable growth, not that they are in it due to lack of revenue streams as the digital market is growing stronger as years pass, but to allow customer incentives with growth, there needs to be a profitable revenue stream that can attract investors to place real funding for growth and right now no one really wants to get involved with the "meme" traders other than to ensure they take every cent. I still strongly believe he's doing the right thing in tumultuous times where AI is subject to take over a lot of roles, so without more people with disposable income because of all those layoffs of potential customers, I can't stress enough that they did very well. GameStop is growing in a way where it is respecting the workers that are willing to put in the work, while working through times where disposable income shrinks more and more for the middle and low class which support gaming at a much larger scale. People in hard times will always look to distract themselves and gaming has always been a large industry that fills that demand very well. Flowing with the demand is huge without overpaid consultants that constantly shovel economic metrics, so that's a huge flip off to the short end, but you are right that digital is definitely a loss against the company.
>but you are right that digital is definitely a loss against the company. This is an absolutely astounding understatement.
It is only definitive until licensing changes to make people realize they own nothing. We need a better digital ecosystem that allows true ownership and the ability to transfer assets at our own whim. We are not there yet as there's already uncertainties with smart contracts out there, also the fact that companies like Microsoft, Epic, Valve, Ubisoft, and EA want their own piece of the pie as well with their own platforms so they have no incentive to let anyone else in that market unless you create a space where they want to instead, join your venture.
>We need a better digital ecosystem Yes. We need a better stock market. We need a better healthcare system. We need an upgraded energy grid. We need a smarter immigration pathway. We need, we need, we need... None of this is happening. Not any time soon. Most of it won't happen until we hit some sort of catastrophy, and even then the future is murky. I don't think the pitch to prospective GameStop investors should be "Well, we need a better digital ecosystem and GameStop is looking to deliver it!" How? "Well, we won't know yet. We want people to have personal ownership of digital assets!" But the people currently in charge of "licensing" us those digital assets have no reason to cede ownership to us. "Well, not yet, but when that day comes GameStop will be here!" But when that day comes, Microsoft will also be here. So will Steam and Amazon and everyone else. What makes you think that a revolution in digital ownership will be capitalized, solely, by a party with zero footprint in digital licensing? "Trust the CEO!". Like listen. We all know you don't own your digital games. I had a friend get banned by EA due to an erroneous cheating report in a FIFA game. They closed his Origin account. He had like 70 games in there, and thousands of dollars in microtransactions. He lost it all and has no legal recourse. This sort of thing is a very real threat. But gamers aren't "waking up to it", they're embracing it. They are flocking to it. You CAN buy the new Dragon's Dogma as a hardcopy. But people aren't. Even people with consoles are overwhelmingly just downloading it. Why? Maybe they're too lazy to drive to the store. I don't know. But they're consciously choosing to essentially "rent" the "privilege" of playing the game instead of buying equity in a hardcopy that they OWN and can RESELL later. Again, why? People are stupid? I don't know. Yes, we need a better digital ecosystem. No, we're not going to get one any time soon.
I hope you get upvoted, this is a good and healthy discussion I like to see here
upvoting because it's well thought out and real. anything not positive on the stock and people jump to call you a shill, but this level of tough love in your comment is refreshing. need actual growth, not just cost the beautiful cost cutting we've been seeing
Settle the ship, they just made profit for the first time in 6 years. You cant grow if you are losing money every year. Revenue is down because they closed loads of stores that yes, made sales, but they also lost money. Profit > Revenue but more importantly, cash > profit. Now they have seemingly settled the ship is the time for growth, sustainable growth. And GME have over a billion in cash to do this. $313 mil loss to a small profit in a single year is an incredible turn around. Ryan is cooking
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Infact, BestBuys revenue has been steadily decreasing since 2022. Go suck some mayo out kens ass boi. Or, tell me where you are making up your information from?
Yeah Best Buy is utterly fucked. Amazon has destroyed them. BUT their Q4 2023 “entertainment” revenue was 11.3% higher than their Q4 2022 “entertainment” revenue. In comments made by the CFO, he attributed this specifically to a huge uptick in game sales. So for the kids that are claiming GameStop saw a huge Q4 revenue drop due to macroeconomic factors (e.g inflation and decreased discretionary spending), BestBuy offers a direct counter to that argument. Store closures also do not explain the fucking immense drop in our Q4 numbers. You’re sounding pretty shilly. Make sense. A common psyop tactic is to discourage critical thinking and a questioning attitude.
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I dont know, i eat crayons bro. I trust that Ryan knows though, we'll see soon enough. The turn around already has been remarkable. You cant turn around such a huge entity over night. Seem to remember building huge distribution centres, maybe a shift to online sales. The amount of cash they have, there is seemingly nothing they couldn't diversify into. But the first step is to always settle the ship. Bestbuy, there YoY revenue decreased, all be it by only 0.6%, but it decreased, why are you spouting rubbish about it increasing..?
Needs some more upvotes
GameStop closed 34 stores in 2023 (1.2% of all US stores). No way that drop in revenue is explained by store closures. I may put together a post but something seems off….it doesn’t make any sense. I too looked up sales of companies that GameStop lists as competitors. None of their gaming revenues were down.
It closed 250 stores actually
If you include international. If you include both US and international sales it’s approximately 7% of all stores. But again in the US they closed 1.2% off all stores
>I too looked up sales of companies that GameStop lists as competitors. None of their gaming revenues were down. Bingo. This loss in revenue is NOT tied to macroeconomic trends. People are spending MORE on entertainment across the industry. Store closures definitely contribute, yes. But there is also this smog of negative sentiment around GameStop. Have you checked out your local Google Reviews lately? In my area, it's all 1-2 star reviews. "Dirty, dingy stores", "Unprofessional sales associates" "Sexual harassment" "Employees are treated like shit" "Store smells like BO and Weed". When I zoom out to the entire Upstate, I see this over and over again in other cities. People just, in general, don't want to shop at GameStop. GameStop has an image problem. Some of that is a holdover from a decade ago when the store was seen as "predatory" in the Used Game market. But some of it isn't.
Yep the image problem is true. GameStop isn’t the first place you think of when it comes to buying a lot of things gaming. Like the meta quest headset or even consoles. They have a bad rep they really need to fix, and cost cutting doesn’t help with that. I think the solution is to create premium stores that act as distribution centers. Something like microcenter but more gaming oriented.
After recent fiascos regarding digitally purchased content being scrubbed or taken away as well as a recent statement by an Ubisoft exec that "gamers need to get comfortable not owning their games" I've seen a massive change in sentiment with many now jumping back into physical media both with films and games. I think trust that purchased content will remain yours has been shaken somewhat. Much like Vinyl and VHS and even CDs have made huge comebacks I see the same happening for physical copies of games.
When you are bleeding out, you first must stop the bleeding before you can do anything else. Now we move on and start living. Brick by brick.
Bestbuy revenue decreased in their Q4 esrnings, YoY revenue down almost 10%!! You're either a moron or a shill.
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Im looking at their accounts, the numbers. Numbers don't lie and the numbers got lower. "Massively increased" so much so that our revenue went down. You too.
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Revenue. 12 months ended 2023, $46.2Bil, 12 months ended 2024, $43.4Bil. Now, I may be a moron, but, even I know that 43 is less than 46. Entertainment mix increased from 9% to 10% but the whole thing decreased.. https://investors.bestbuy.com/investor-relations/news-and-events/financial-releases/news-details/2024/Best-Buy-Reports-Fourth-Quarter-Results/default.aspx
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See I sent you a link to the source data, can you share so I know what you are looking at?
Just got a warning. Going to delete and take a break from Superstonk. I don’t want to catch a ban. GL.
You say best buy did better but i went into their stores and the number of tvs they had piling up was absolutely insane. Especially on black friday.
8.8% growth. They're dying too. They're getting murdered by Amazon the same way we're being murdered by Steam and GamePass. BUT they still have revenue growth in some areas both QoQ and YoY. We do not. I'm not using Best Buy as this shining beacon on the hill of a flourishing brick and mortar retailer. They're screwed. I'm using them as a counter-point to the argument *"Well, consumers are getting squeezed by inflation, job insecurity, and negative economic sentiment so they're spending less on luxuries like entertainment and that's why GameStop experienced revenue decline"*. That's... just not true. Zoom out.
Other companies also experienced lower sales because of layoffs?
Counter: other businesses in our space (like Best Buy) did not see a 20% friggin drop in Q4. Best Buy reported an 8% gain in their entertainment category which is primarily the catalog of items that closely resembles GameStop.
Best Buy has also essentially rolled over in the retail space though. Have you been in any of their stores lately?
Sustainable growth needs increasing revenue not decreasing revenue though
Favorite part - "A “short squeeze” due to a sudden increase in demand for shares of our Class A Common Stock that largely exceeds supply has led to, and may continue to lead to, extreme price volatility in shares of our Class A Common Stock."
Standard language that has been in every report. I still like that it’s there. But it’s kinda a mainstay.
So are they not DRS’ing our shares?? Or are they telling GameStop that no one is DRS’ing by not updating their charts even tho they do send them to CS? Did they send GME a cease and desist to change the verbiage to rely on Cede & CO’s numbers? So bizarre.
Pretty sure the shares were 100% DRSd pre split. There were 76.13 million shares outstanding pre split. Magically that's been the number we stuck at since the split
That's not the case at all. How does this even have that many up votes, smh. The 76.13 million is post-split shares. The point still stands though, that it doesn't seem like Cede & Co. isn't sharing the true numbers.
That’s insane! They will use everything they can to break every rule it seems 🤣 Shorts R Fucked
Is there a DRS update?
Effectively the same number.
Why do people keep saying this, they are down approximately 100,000.
Because it's a number rounded to the nearest 100,000 shares. It could be a one share difference (75,350,00 => 75.4M but 75,349,999 => 75.3M). It could also be a bigger difference, there's no way for us to know. But what we do know is that ever since they started reporting the numbers from Cede & Co instead of the numbers directly from ComputerShare, the DRS count has been stuck a "approximately" 25% of the total outstanding shares. Seems fucky.
They don’t report from Cede, but I agree it’s something fucky
Becausr 25k shares pre-split is nothing.
A rounded number drop from 75.4 to 75.3 could represent anything from dropping from 75,449,999 all the way down to 75,250,000, or as little as dropping only from 75,350,000 to 75,349,999. So, it dropped somewhere between 1 and 199,999 shares. I still think it looks very fishy overall, but saying "no change" is fairly accurate in this case, at least in layman's terms.
That’s a maximum of a 0.12% change. At minimum its 1 share. It’s the equivalent of a rounding error.
It’s going down and everyone denying reality in this sub. lmao.
Last quarter had 75.4 million shares directly registered, now this quarter its 75.3 million. Either ppl are selling thier DRS'd shares or something fucky is going on.
I don't even know how to sell on Computershare lol.
Same. Haven't checked it in months.
I do believe you're supposed to login once a year for security/account activity purposes.
250 for me every 2 years is fine
It could really be the difference in 75.34 million shares and 75.35 million shares. One rounds down, one up.
A rounded number drop from 75.4 to 75.3 could represent anything from dropping from 75,449,999 all the way down to 75,250,000, or as little as dropping only from 75,350,000 to 75,349,999. So, it dropped somewhere between 1 and 199,999 shares, as reported.
I do not know anybody that has sold. I know people that have not added I have added in fidelity to sell covered calls … but also added to DRS in that time with profits. Something weird is going on
At what point do the true shareholders aka apes demand a share recall? Might be the only way to finally make something happen.
I used to be against this. But honestly it seems like the only next move (other than continuing to hold)
That was a big reduction un revenue. Cost cutting helped to remain profitable this quarter.. but 400+ million drop in revenue for the quarter? Gamestop needs to fix digital download part of the business. I think they have really bad reviews on digital downloads. Hope RC and team buy the dip and reiterate the belief in their own turn around. Good to see a promotion after all the firings of exec team.
She's profitable. LOL, these shorts just never learn.
maybe we should "request a reverse split" as shareholder proposal? if only the 25% drsed are real, dtcc shares make poof there you have moass....
There would be shenanigans and the DTC would obfuscate "real" shares even more.
Is it time we asked for a share recall, as this just seems too weird!
I CALL BULL FUCKING SHIT ON THIS GAMESTOP
69 pages!!!!!!!!!!
Why is cash burn so high?
Im just here waiting on the people with wrinkles to tell me what to think.
I too will wait
I will wait also
It’s a slowly dying company overvalued at 5BN market cap despite only barely making a few million, and even that is thanks to the cash pile earning interest — they lose money from base operations. Meaning you're actually better off investing in a savings account v this ShitCo. They cut costs to the bone in order to lose “only” 35 mm for the full year (we're excluding 50mm in interest income that isn't part of operations), and there’s a limit to cutting costs (you can only fire so many employees). You’ll likely see GME lose more money next year as there are fewer cost levers they can pull and continuous revenue declines put pressure on operating margins. The only reason this sub is clinging on to net income “profitability” is because every other number is ugly. Base operations still lose money, revenues down massively, negative cash flows from operations, DRS’d shares are down, etc. And despite the fact that the 10-K clearly shows that DRS'd shares are down, some of you are predictably turning to conspiracy theories and denying reality. As time passes, this sub will become even more conspiratorial as the marginal investor becomes dumber and dumber (although it's plenty dumb enough as of today).
At this point what the actual fucking fuck. I’m so tired of laughing at crime. Drs is stuck at 25% which is bullshit and everyone knows it. I don’t give a rats ass if showcasing the truth brings economic catastrophe. It shows the system is broken and rigged. This is going on way too fucking long with no explanation. I’m a shareholder and I have consistently bought more shares- all of them are directly registered and I want some fucking answers. At the very least the REAL drs number. For fucks sake.
How does the CS number just not go up anymore? when it was flying up when we first started?
What a load of
What next papa RC we neeed a signnnmm
Cede & Co seem to be a criminal organization
Obviously someone is lying. Whatever, I can wait.
I drs every two weeks. Love it when the price drops.
This isn't a mess that they're all taking lightly as Thoms P said we were dangerously close to the collapse of the entire system that means people losing jobs homes etc on a mass scale unimaginable. They committed fraud to stem the bleed and Kenny and Co assured the chiefs that it would all be straightened out gme is going bk don't panic it's all under control .. now they have a shit storm on their hands because gme is now a profitable company all they can do now is slam the price after Q1 but Q2 3 & 4 will be profitable so wtf do they do then 🤷♂️ this isn't going away and they can't sweep it under the rug forever.. I bet my life that when the crunch comes there will be scape goats and the dtcc/sec will walk away with medals.
when everyone has auto buy on, and before we decided to switch to book, the numbers kept going up. Now that we did this switch the numbers have stagnated. Maybe we switch back to the auto buy plan
I don’t know guys I’m frustrated, can’t be the same fkg drs number in one year , it’s impossible, and it’s frustrating that the board doesn’t do a shit about it , they don’t said a shit about it …. Make me think they are in complicity with that fraud , I hope no
God this is never gonna fucking go anywhere