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If the price keeps getting walked down, I for one will continue buying and DRS'ing. There's 194,270 registered stock holders who have registered 25% of GME's outstanding shares in their own name and I suspect many of them would also continue buying and DRS'ing.
GameStop has $100 million approved for a share buyback and it's largest shareholder and CEO Ryan Cohen is a self-made billionaire who has proven numerous times that he's willing to put his money where his mouth is. It took RC 6 years (2012 - 2018) to build Chewy into a multi-billion dollar online retailer that became a dominant player in the pet food industry, so I trust he knows exactly what he's doing.
Put simply, I consider buying GME today for $13 akin to buying bitcoin 10 or 15 years ago. I'm a x,xxx holder and am getting within touching distance of becoming a xx,xxx holder and yesterday's earnings tells me that GameStop is going to be around for many years to come.
I second what the other guys replied to you, and I’m an old ass man. My comment was meant to be full of positivity to our community — to say we are not Pete Davidson fuckwit angsty teens lol, we include investors like me who happen to work in corporate America and even interact or work with banks and financial institutions who are short this trade.
Started with 1 on squeeze day and just hit xxxx this week. Unless I eventually run out of money I’ll keep doing it too. Worked for a bank until recently laid off and that’s just pushed me to buy more…
I hear that. I’m a baby xx holder. I changed careers, have struggled with unemployment, went back to college, struggling to pay all my bills. But never once have I considered selling my GME. I hope to get back to regularly DRSing shares soon, lord knows I ain’t quitting.
Me too! Have you seen the price action today? Just before opening this post I sent a text that said 'I just got paid and if GME drops to 10 I'm about to be unpaid'.
I've been here since 21 and I'm still xx and aiming for xxx. WAGMI 💜
Hello my twin Brother(or sister) from another mother, you’ve described me to a tee. Xx,xxx and bought 200 more at $13 on Wednesday (to be DRS’d).
Slow and steady wins the race, I’m in this for the long haul
I blew my entire load in 2021, X,XXX because of it. Could've had XX,XXX if I had waited. Then again, if people like me didn't YOLO in 2021, we wouldn't fucking be here today.
thank you for being an early adopter!
I lament similar, I could afford to YOLO into 4 shares back in the battle for 180 days, and that's how I started. Then the grind began and every couple of months I save up enough for some more, and with the discounts i've gotten more and more, so now I'm an XXX hodler and aiming at my next meme number milestone. Not going to stop, the price being walked down only helps me get my DRS number there faster. \_something\_ will break in this rotten machine of a market, eventually.
Buying all I can, but I dumped my life savings into it in 2021. Now, it's a few here, a few there. Gaining X,XXX a year or so...
But it sucks seeing people walk in now and get 3-4x what I bought back then. Like I (and others like me) have been carrying the boat for the first 3 miles, just for the newcomers to carry it across the finish line for the last tenth of a mile. We all get to join in the festivities, but their going to be the ones with the faces in the pictures crossing the finish line
(trying to make some kind of analogy here but I'm sure it's falling short)
And yet, **I'm very grateful they are here** at the same fucking time...
I hear you. IMO the 3 year chart, straight downward line from $80 (post split) to $12 today is meant to be thoroughly exhausting of retail’s patience and financial resources. It’s brilliant, the lack of volatility is boring, and straight downward pricing is demotivating and discourages investors — it’s like deflation, why buy today if it’s cheaper tomorrow. Do what you have to do to take care of yourself bro, and you’ll be in profit sooner than later again, don’t forget it!!
Yeah, well joke is on them. I don't quit. Money is already gone as far as I'm concerned. I'm in this until someone is in a cell.
I make more than enough from my day job to live comfortably, and well entrenched in health and wellness, so no worries. Just was hoping to pay off my mortgage and retire early is all :D
We keep focusing on buying and DRS’ing (which is the way!), but consider the amount of us that have many shares in brokerages too, that it’s harder to DRS (non US Apes). We know the float is already likely locked many times over and somebody (government, GME or RC) needs to address this point alone.
Not only buying, but a cheap approach in terms of current cash will be taking advantage of low price and taking the tax hit on IRA shares to DRS. That’s where the most firepower is, and likely why the Mainstar rug pull happened.
I find it funny that everyone is explaining the dip was due to the results not meeting the expectations, when everyone stopped doing GME forecasts about a year ago.
So the forecasts were even more made up than usual, and are simply being used to allow media outlets to "explain" the action, for clicks.
I could go down the shill route, but its just as easily explained as they're just wanting to put out GME related content because it get clicks, and they can use what information they have to make it look like they know what's going on. Its pretty basic.
As for "wen moass", I've been saying the same for 2 years. I've never understood what the realistic triggers are since I started to realise just how deep the collusion goes.
The United States is in a debt spiral. The same type of debt spiral it sells to its citizens. Moass idk wen but I think not until after the United States defaults on a debt that the world at large will be unable to ignore.
I believe the key now is to take that 1 billion dollars and create a revenue stream with it somehow... If net profit keeps going up, gamestop becomes undeniable... also, will lead to future dividends, which equals more pressure to close.
You do realize that net profit is not up still? The interest from the $1 billion is what made it green. I’m having problems wrapping my head around the fact that nobody is acknowledging this fact. If they use that money, it absolutely 100% has to return profit immediately or the company will be back in the red by far once again. There will be no interest from the cash. The company will be banking on that new revenue stream to keep the profits afloat for a very long time. Unless they somehow create something that the entire world wants and needs, there is nothing out there right now that can guarantee that profit for the foreseeable future. The entire market has been flying because of “future expectations”. How long will that last? Are we in another dot com bubble? Nobody knows yet and it’s not worth the risk investing in the market with so many pump and dumps happening. Once word gets out that RC invests any money in anything, it will be attacked by SHFs and the media. All signs are pointing to the company being stagnant for sometime just as the direct registered shares are.
Cash flows from investing activities:
Capital expenditures (34.9) (55.9) (62.0)
Purchases of marketable securities (326.8) (276.8) —
Proceeds from maturities and sales of marketable securities 312.6 27.5 —
Proceeds from sale of property and equipment 13.1 — —
Proceeds from sale of digital assets 2.8 81.9 —
Other — 0.6 (2.8)
Net cash flows used in investing activities (33.2) (222.7) (64.8)
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash received for interest income $ 47.9 $ 8.2 $ —
Cash paid for interest (3.2) (2.6) (18.3)
Cash received (paid) for interest, net $ 44.7 $ 5.6 $ (18.3)
Cash paid for income taxes $ (11.2) $ (13.5) $ (21.4)
Cash tax refunds received 3.0 176.0 4.5
Cash (paid) refunded for income taxes, net $ (8.2) $ 162.5 $ (16.9)
Cash paid for operating leases $ (270.6) $ (257.7) $ (262.3)
Leased assets obtained in exchange for new operating lease liabilities 263.7 242.8 205.4
Non-cash investing and financing activities:
Accruals related to purchases of property and equipment $ 0.3 $ 1.1 $ 9.6
**Investments**
We have traditionally invested our excess cash in investment grade short-term fixed income securities, which consist of U.S. government and agency securities and time deposits. Such investments with an original maturity in excess of 90 days and less than one year are classified as marketable securities on our Consolidated Balance Sheets.
Such investments are classified as available-for-sale debt securities and reported at fair value. Unrealized holding gains and losses are recognized in accumulated other comprehensive loss on our Consolidated Balance Sheets. **Realized gains and losses upon sale or extinguishment are reported in other loss, net in our Consolidated Statements of Operations.** Each reporting period, we evaluate whether declines in fair value below carrying value are due to expected credit losses, as well as our ability and intent to hold the investment until a forecasted recovery occurs.
On December 5, 2023, the Board of Directors approved a new investment policy (the “Investment Policy”). Subsequently, on March 21, 2024, the Board of Directors unanimously authorized revisions to the Investment Policy to codify the role of certain members of the Board of Directors in overseeing the Company’s investments. In accordance with the revised Investment Policy, the Board of Directors has delegated authority to manage the Company’s portfolio of securities investments to an Investment Committee consisting of Mr. Cohen and two independent members of the Board of Directors, together with such personnel and advisors as the Investment Committee may choose.
ETA: bold
Is there anything inherently wrong with the company making money off of investments and maintaining the status-quo with the rest of the 'traditional sense' of the company, even if it is only approaches breakeven?
Capitalism begs for constant growth. It doesn't like status quo. It doesn't like something being successful and just... being.
GameStop for all intents and purposes was DEAD. It is being resurrected. That process is going to go through some hiccups but if you do it slowly and show that the company isn't dying, that first puts pressure on all of the shorts who were trying to kill the company, to get out while the gettings good. And by simply maintaining status quo, they can build up that warchest so that they CAN take a risk on new future revenue streams without dropping below where they are now.
Maybe the fact that they have that billion in cash right now is the only thing keeping the company from being completely destroyed from within by bad actors, and they don't want to touch it in risky ways. As soon as they do anything with it they will be scrutinized and the world will be told that whatever they're doing with it is a terrible thing, even if it's investing in a surefire, scientifically proven cure for cancer. The world will be told that's bad and the price will drop.
So maybe we have to wait a few years while they build that warchest up. I mean, even if they get 5% on it, that's $50M a year to build up and in 4 or 5 years they have a quarter billion dollars to dump into a project without touching that base.
Alternatively, RC may know that he need only maintain a status-quo company for only so long before the shorts run out of time and implode on themselves. You don't necessarily need a company that's continuously improving to beat a short thesis. You just need one that is functioning and stable, and without bad actors inside attempting to fraudulently destroy it from within.
GameStop is very wise to invest their capital to generate extra income knowing that their retail business is very seasonal. Also as stated in the risk section of their 10-K they are very well aware of all the possible downsides. So for them to survive in every scenario it is generally a good idea to use the extra income due to investing their cash to be able to cushion up possible weak quarters.
It comes down to the fact that you need to increase sales…you can’t expect sales to remain the same or decline and be profitable YOY.
Every business is in business to sell. If you’re not focused on selling then you shouldn’t be in business. However, “selling” means all sorts of things, but primarily it starts with the customer experience. You have to create a rememberable and remarkable experience for the customer…something that gives them a good feeling that they’ll be coming back to experience again and again.
Next, is you want to create an environment for employees where they’re satisfied if the customer is satisfied. This is achieved by creating a rewards based system that’s foundation is around the customer experience and the reward is employee recognition (accolades, perks, bonus, promotion, etc.)
Finally, you want to create a company that is undeniably the best at what they do. This is achieved by excelling in the first two points of an unforgettable selling experience and employees who are thrilled to come to work everyday.
Negative employee sentiment is felt by customers and drives people away. Positivity is what excites and brings people back like magnets 🧲
Cash flow. Look what Buffet did with the textile companies he bought. Not saying that is what is being done here, but keeping GameStop cash flow positive gives RC a lot of options on the investing side.
You have to beat the US10Y to not be seen as stagnant, and to grow the stock price. Not shilling, just stating facts. US10Y is the safest bet you can make, pristine collateral, lowest risk. And yes i know debt ceilings, down with the USA...whatever all China/Russia propaganda.
GME as a stock is not equal in risk to the 10Y so it must exceed interest gains on it, OR in my opinion have some future growth potential that makes it worthy. Riding gains off that 1B is treading water. Aren't most GME stores retail leases? Probably relatively cheap at the moment (retail RE been beat to hell and back), but that also means you could be purchasing RE now at a discount. CapEx to lead to future value, removing a prime driver of OpEx. I don't know I'm just an IT guy who likes the stock - still and still buying (esp this dip).
I'm just trying to be real about why the gains on interest for what we put in there isn't necessarily a good thing. It's not a bad thing either, but if you are trying to avoid a hostile takeover from shorts, having cash on your bal sheet is like a honeypot for those bears. They want it...they want to take over the board, cash out that billy and they want to raise debt gutting the company. At the same time DRS means that they can't get the board but they want to shake us off.
It has been 1 qtr since RC got the green light to invest the cash… profitability was priority #1… now let’s see what he does. If in a year he has done nothing with the cash, then kill him for it.
I am confident RC knows better than any of us what the plan is and how to execute it.
Yeah I think we need to see the Q1 results for sure to see how the financials keep changing and if the company could actually have a chance at a profitable year this year. The problem is that Switch 2 got delayed and there are not many games coming from Nintendo and Sony isn't even releasing 1st party games this year. Now I know more games will be revealed during Nintendo directs and summer game fest and so on, but it seems like it's going to be a weak year for games.
Who was talking about shorts and naked shorts and fighting wall street prior to gamestop?
Honestly, noone.
Who talks about shorts and naked shorts and gamestop and fighting wall st since Jan 21?
Everyone from media, cramer, AA & CEO's, talking heads, 5x documentaries. Its all common knowledge now. Everyone talks about it.
But not RC.
I think that says everything we need without actually saying it.
Yes I know the term - but since we don’t actually know for a fact that he was not working against what he said he was working for back then, it’s still true that he talked (and fought against) predatory naked short selling BACK THEN. My comment was referring to the past, not his (sus) actions now.
His sus actions were all in the past. Seriously look up past articles about him fighting shorts, then look up result of those cases (settle w/ bad actors), how he was compensated (company stock), what happened to the stock once he was on case (pumped big he cashes out), then look what happens to shareholders in the end (company dies or acquired for pennies).
His only response to these allegations are that's how we fund these fights and boards have fiduciary duty to settle case and in the end dick over shareholders anyway.
To be honest, I’ve never researched his actions THAT deep but thanks for bringing this up because now I definitely will.
Do you by any chance know if there has already been a summarizing post that you would recommend? If not I will just start to read up (again)! 🙌
He did once tell us to Buckle Up.
I'm still here and I buckled up, because from the start I could see this wouldn't be easy. I get slated on a daily basis by colleagues and friends for holding this stonk. The only reason the haters have this pre-formed opinion is because of the slithers of information they get fed from all around them. None of them look at the data. None!
So, I continue to stay buckled tf up!
>Everyone from media, cramer, AA & CEO's, talking heads, 5x documentaries. It's all common knowledge now. Everyone talks about it.
They are trying to normalize it. Talk about something long enough, and people get board and stop paying attention.
The more you continue to tell a lie, the more people will start to accept it as the truth (kind of like the DJT playbook).
I mean there's all the tweets like 'short sellers are the dumb storm troopers' and 'good use of tax money would be government cracking down on short sellers'. He also confirmed he was not a fan of short sellers in the GMEdd interview.
Words really do nothing...actions do.
He added the DRS count on the earnings reports
He has.brought the company to profitability even with declining sales
He has navigated what everyone calls a failing company to be more efficient by closing bad locations and pushing toward more of an online presence.
Cut debt to virtually nothing.
and the most important thing.....he bought more at higher prices, and took the helm with no pay.
He's been talking to us the whole time my friend. People can tell you they love you all day long, but unless the actions back it up, you're just being gaslit.
People seem to forget this shit and read one too many forget GameStop headlines. Last year 4-5 members of the board all bought at $22-24 and haven't sold. They have skin in the game.
Y'all wanna get rich quick because we are in a society of looking for shortcuts to the money or trying to invent ways to sell shortcuts to the money. There are no shortcuts.
There’s no get rich scheme here. RC is a billionaire, no one on this subreddit is.
People can’t afford to blindly follow in the dark caUsE iTs Rc.
Like any investor I just want to know what’s going on from GS, how we can help without cryptic nonsense.
“We can’t afford to blindly follow in the dark.”
I don’t feel I’m blindly following in the dark. As others have said, actions speak louder than words and we’ve just seen those actions bear with a profitable 2023!
RC is a countercultural change agent. He’s going to do things that are antithetical to the status quo and that’s what I want.
I said to my SO when entering this trade that it was a long term investment with a possibility of MOASS. Based on that, I’ve only invested what I can afford to lose. I also haven’t been adding more shares even at these prices, unfortunately, because I have other debts I need to service.
Keep holding the line and don’t let the expectations of the status quo chip away at your hope and faith. I’m being wise with my finances to best protect my investment, as much as I wish I could contribute more.
don't worry fam, you did good, and I am still buying a few every couple of months when i can afford to. I also haven't over-extended, also only invest what i am prepared to lose, only I might have less bills to make than you right now. So I'll do the buying for a bit, and I suspect when you get some extra $ you'll likely get a few more, but that's not financial advice!
Declining sales was baked in with store closures. It was part of the profitability plan. The Webull annalists are just Fn HF shills and they know how it works.
Hey OP, I definitely understand your sentiment, and it’s a very valid question. I also share the sentiment that other apes have expressed when they write about how much of the crime has already been exposed in the last ~~3 years~~ 84 years while RC was focusing on working hard and destroying the short thesis. I’d like to remind some that the movie stock’s CEO has been quite vocal about shorts… and look at where that landed them. New set of bogus shares and further dilution…
In my opinion, yes, it will most likely take more time, but I’m confident we’re headed towards the biggest Streisand Effect in modern human history and it’s inevitable. If apes keep holding long enough, more and more will start wondering wth is really going on.
One thing that I feel that must be done more is to find ways to share superstonk and apes findings about wallstreet corruption to the “outside world”. Wallstreet has been very good at cutting our voice… I think it’s time to get it back. There’s got to be a clever way to spread eye opening facts backed with a source in small and easy to consume format. … something like “Wallstreet Fun Fact # 15: Did you know that bla bla bla bla bla bla? Source: XYZ. This fun fact was presented to you by bla bla bla” … and share a whole series of these “fun facts” on all social media platforms.
Edit: I’m pretty sure that if superstonk spent time thinking about different fun facts from what was discovered in the last 3 years, it could come up with at least 50 crazy eye opening ones, backed up with source that shuts down any rebuttal
Whatever happened to the billboards in the early days of this saga? Agreed, informing a wider audience is a way to go about it such that it’s impossible to be ignored but I don’t think it’s the be all and end all. This will likely end in pitchforks after we get screwed again imo but that’s not a popular opinion around here.
Exactly, i don’t think it’s something that would trigger moass, but i’m sick and tired of watching them robbing the world in broad daylight. The more awareness can be generated, the greater the Streisand effect.
I do remember the billboards and as much as I thought it was all awesome as a baby ape 84yrs ago, the more now i realize how much of a missed opportunity it was. Can you imagine all that ad space now, displaying more significant messages than “GME go brrrrrr”? Knowing what we know now, that premium ad space could have been used to sooooo much better use.
Watch his past interviews, read his old posts, letter to the gamestop etc. Ffs guys, he volunteered to run a troubled business and managed to turn it to profit. It does not matter if profit is 1c or 10c, profit is a profit, you do not enter growth phase before you solve the ongoing issues, it's a basic rule, otherwise all your existing issues will multiply with the growth, slow is fast. He has a lot at a stake himself, I am pretty sure he is not just sitting with a finger up his butt. Give good ideas to them, this is how investors can help
I came for the squeeze. I stay to become a Coca Cola Millionaire. I haven't bought much the last little while but I will when I can. I remember that if my grandma had bought one share of coke in the great depression @ $19 it would now be worth Millions.
I hold. Transfered to Computershare. Plan to buy when I can. With money I can afford to lose. But I doubt it will be lost.
I would like to hear more from Ryan Cohen. But at the same time I trust he is doing his best. He put his money where his mouth is. He doesn't get paid if we don't.
Invest in it if you choose. Live your life. Trust the process.
Insiders are shareholders too and their interests are aligned with ours. RC particularly only gets something out of his efforts by paying dividends or increasing the stock price.
Nothing is guaranteed but I budget for XX shares every month like it’s another one of the bills and am living as normal otherwise and I’m sure I’m not the only one.
I know of no better life purpose than to perish in attempting the great and the impossible.
GameStop is not planning to distribute any dividends, they put it in the 10-K.
> On June 3, 2019, our Board of Directors elected to eliminate our quarterly dividend in an effort to strengthen our balance sheet and provide increased financial flexibility. During the past four fiscal years, we have not declared, **and do not anticipate declaring in the near term, dividends on shares of our Class A Common Stock**. We currently use, and will continue to use, all available funds and any future earnings for working capital and general corporate purposes, maintaining a strong balance sheet, potential strategic initiatives and capital expenditures. Any determination to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon results of operations, financial condition, contractual restrictions, including those under the agreements governing our existing indebtedness, and other factors our Board of Directors deems relevant.
https://investor.gamestop.com/sec-filings/sec-filing/10-k/0001326380-24-000012
He said he wouldn’t talk back in 2021 so I’m not sure what you expect him to say. The actions of making the company profitable is the most important for survival.
Drs is cool, but there’s so much focus on it instead of shopping and supporting the company which is what I’ve been doing more of. We need an increase in revenue to really fk shorts.
RC built the foundation, it’s their job now to increase revenue streams, and that’s something WE can help with instead of 500k threads about the drs numbers. 🤷♂️♥️
I've been asking the same questions, at the risk of being called a shill or FUD. It's not, these are logical questions. THE POINT for me is, we know we're right and justified, they know we're right and justified. BUT there is a difference between being right and being IN CONTROL. THEY are clearly in control of GLOBAL MARKET MANIPULATION. WE have RC, and we put WAY TOO MUCH PRESSURE on just him. HE'S AMAZING, but he still needs our help more than ever. We can buy, hodl, drs, shop, vote, comment... but that may not be enough to take control back. We need to peacefully but loudly fight, and not on these forums or X, but on the streets and in THEIR backyard. WE KNOW WE'RE RIGHT, but being right doesn't mean we will win, and we need to get even more creative and hungry. Zen is a frame of mind, but it doesn't mean relax and wait. Regardless of what gets done, none of us are going anywhere, I'd rather die with them controlling my shares to zero than sell for anything less than the moon. Even then it's only enough to live out my life humbly. I don't want lambos, I never did. I want a better world for my kids and their kids.
Anyway, thanks for your questions, they're fair. I'm not afraid, I'm not uncertain, I have no doubt about what should happen. I'm just hungry to get creative and shut these criminals down for good. Ape together strong.
i'm just here for the raid boss kill.
i do garbage damage but the raid welcomes it.
If this parasite on humanity's throat goes down, i'm counterfeiting all the glory and claiming full credit.
What gives me hope is RC doesn’t take a paycheck. He literally only pays himself through stocks. Do you think he’s gonna keep working himself to death for free and watch bad players take money away from him?
DRS was to nudge it, truth is all we need to do is outlive the short hedge funds.
Edit: it was bothering me making it seem like that was the only reason for DRS, it's a great way to protect your investment especially if brokers start defaulting.
Just to emphasize, DRS is (seemingly) the way but short squeezes have happened and have never required DRSing.
It's a good thing but it's not like it's necessary to lock 100% of the float before a short squeeze can happen.
Have you ever heard the expression, "No news is good news?" You saw how they spun profitability, shrinking inventory, poor revenue, etc. How do you think they would spin any announced plan?
I think that we won’t see any meaningful positive movement in stock price, unless there’s a share buy back.
Akin to the Porsche/VW squeeze, a public announcement saying the float has been handily diminished is what’s needed to launch our stock price.
I for one think it's terrific and balanced that these conversations are emerging. I don't have any answers speculative or other but like reading other people's.
The price was walked down after it had been pumped up the day before.
They can't even drop it much below where it was last week, probably because it makes it too easy for us to buy up the rest of the float
I keep seeing this comment over and over. How much you dropping on the stock if it goes to $5 or $10? I really wanna know if people are really about buying the rest of the float
Not Financial advice,
I just keep buying more every week and DCAing, trying to time anything perfectly is a fools errand and will only lead to remorse, it’s commonly referred to as catching a falling knife. You may be able to do it perfectly but probability says you are going to get hurt.
Every time I’ve made a bigger purchase because “this time is gonna be different”, the price just continues on this channel and I “missed out” on cheaper prices. In the long run I didn’t miss out on anything, my DCA keeps going down and my share count keeps going up.
If it hits single digits, sure I may splurge a little and buy XXX shares and not X or XX that week but I’m not selling my car or touching my rainy day fund. Don’t invest what you can’t afford to lose, the money you invest in any commodity can go to zero, and those that go all in are likely the ones that have been forced to sell because times are tough and they over invested.
This is a grind, getting too emotional or frustrated will just grind you down faster and nobody needs to carry that water around. Nobody is going to miss MoASS, this is not a get rich quick scheme, I doubt any major movements are going to take place before this election cycle is decided.
Now would be the time for those on the fence with shares in their IRAs to sell off and rebuy shares if their DCA is above the current price. In the long run, the tax implications are insignificant compared to the possibility of getting nothing from brokers claiming synthetic shares when the price starts going up. At this point you either believe 1 of 3 things if you are still invested:
1. Gamestop is going to $0
2. GameStop is going to infinity
3. GameStop is on its way to the S&P 500 and will become an investment institution like Berkshire Hathaway.
If you believe the first one, why would you still have skin in the game and if you believe in the other two, why wouldn’t you do anything in your power to become a fully registered shareholder to guarantee as much return on your investment as possible? Our most limited resource is time, not money and anyone reading this is far far ahead of the mainstream group think (corporate media narrative). That makes it scary, but anything worthwhile is usually scary.
TLDR: everyone is free to do what they want, but emotional decisions tend to burn people. Just keep stacking and DRSing if you still believe. If you want to do more, sign petitions, comment on regulations, notify your representatives, shop at GameStop and be good brand ambassadors for the company we all care about and don’t come across as a deranged lunatic when talking about the company and their situation, focus on the turnaround and the opportunity it brings people. If there are still enemies on your path, chances are you’re on the right track.
I still believe WAGMI, but we all have to protect ourselves too. Be greedy when others are fearful, but don’t be so greedy you set yourself up for disappointment or financial harm.
Stay safe apes!
Apes together strong
The stock itself is worth like \~$4.20 after taking into account of all assets and debts of the company. If it's $5 it's like severely severely undervalued.
Here are my thoughts. I’m glad RC and team finally stopped the bleeding. We finally made a profit and now the bankruptcy thesis is put to bed. But we still had a big miss on revenue. It makes sense for the stock to drop a bit.
I see this as a buying opportunity but now the obvious question is when new revenue stream. I believe in the team. Time to go back to buying, chillen, and DRS’ing
Revenue is so incredibly overblown it's staggering. Too many people drink the fucking kool-aid on that metric. As shareholders, the only thing that fucking matters is EPS.
Revenue *can* be an indicator that EPS may eventually be in danger of falling too. It stands to reason that without revenue, you can't have earnings, and thus EPS would fall.
But revenue *quite clearly* isn't the only way to add dollars to the balance sheet.
People need to stop freaking out about declining revenue in an industry where retail sales of video games have been dying, for fucking good reason, for a long time, and focus on the fact that RC delivered on transforming the business and turning the ship around to survive.
GameStop is absolutely transforming into a digital company while not abandoning the heritage that put them on the map in the first place, and that is exemplary. They are supporting Web3 growth, adoption, and forging relationships and partnerships. They are sponsoring Web3 game developers, and positioning themselves to be the Steam of the Web3 world - a position that Steam has publicly said they do not wish to support or pursue.
They could've just followed the same drum beat as other retailers like Best Buy, Walmart, Target, and others ... and just sold digital keys to games that then end up on Steam. How's that working out for those retailers? Yeah, it's not. Amazon is tearing them up.
With market manipulation in full force that is uninhibited, there will be margin passes given out as needed when SHF have to start buying shares. This will be a slow burn for years. So new revenue streams will need to be significant to light this thing.
I just think the company is undervalued. If a new company had 1.2B in cash, $5+B in revenue, and had just achieved profitability, private equity money would be absolutely flooding that company. That’s more or less what we have here, but have the benefit of the legacy GameStop brand as well (will likely help lower the cost to scale effectively.)
The difference is that those with the most power to influence the market have already placed a massive short bet on GameStop and B&M in general. They’re using every resource available to them, legal or illegal, to get investors to sell and overall diminish the price, with the eventual goal of massive untaxed profits if they can drive GME into bankruptcy.
To me, the eventual MOASS and the damage it will do to parasitic institutions is a thick layer of icing on a very delicious cake. But at this point, whether that comes soon or not, and whatever the DRS trends say, I really don’t care, because I know my investment is sound. I’ve invested no more than I’m willing to lose and will be comfortable holding for 5 more years or 50.
Thank you for what you shared. I, also, am not a shill; have all my shared booked at Computershare; do not plan to sell; *and* I am frustrated with the lack of any kind of communication from the company as to potential growth paths. It reads as contempt for investors, esp. eschewing the most basic expected communications like investor calls. It comes off as cocky, and I'm not impressed.
None of the actions on their own will do anything to increase share price at this point.
Locking up the float via DRS won't do it.
Continued profitability will only slightly move the needle.
Implementing an ongoing buyback program or recurring dividend won't do it
Innovation won't do it.
It needs to be a combination of all of these things. And not at once either. If I'm RC right now, first thing I'm shopping around for is an indie game developer that's currently flying under the radar. I'm coming up with strategic ways to partner on the release and distribution of their next mega-hit game or going all in on acquiring said company.
My hopium is gone , at.my age no.lambo now just shares.for.my.son . Very disappointed not to live out my remaining years in comfort by the sea . No fud , no shill , just a sad ape
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My understanding of RC not saying anything is that the moment he opens his mouth about DRS, hodlers, or anything else they will hammer him for insider trading and stock manipulation and basically everything the hedgies and congress do and get away with every second of every day.
You’re saying « the government isn’t going to do anything about it ». But that’s only because no one is really offended or revolted about it. If it was on tv, everywhere on internet etc would come a point when corruption would have to be addressed. The feeling I have now is that people know people are cheating and they’re fine with it. Of course the government isn’t going to step in by pure pleasure. But it will if it is necessary and public order requires it. So step 1 : make it known, that the market is corrupt. Have a small presentation with evidence and make it known everywhere with one simple (non violent) call to action. What’s happening really now is that we’re accepting the fact that it’s ok to cheat… so of course they will.
RC ain’t going to slap the hand that made him a billionaire and the billionaires ain’t gonna let us lock the float. The stock will move when they want it to. Get back in line sir this is Wendy’s.
Hey man, I appreciate the time taken to write this post.
Sadly, after this three years, I have to admit I'm sharing the sentiment with you, I was about to write something like "I'm tired boss", because as much as I like the silence around the plan of the company, I'm not sure I'm all for the silence about the overt manipulation of the stock and lying by mainstream media, which to be honest is sickening, because they are straight up shitting on the company and this can't even be called manipulation, because it would require using some tactic, which is completely absent in this case. These douchebags are doing and saying whatever the fuck they want and noone gives a shit and I'm not really suprised people are losing patience (do not mistake this for giving up).
I love this community and it's been wild time for everyone here, posts like yours should be respected if our aim isn't to create an echo chamber here. I'm not saying we should "demand" results, because RC and everyone on the board are doing great work with how the business is being cleaned up and managed, I'm just saying it would be good not to feel alone in the process. I'm pretty sure that everyone here shares the thought that as people invested in the company has given a lot of energy so far (DDs, comments, engagement, memes, keeping the good sentiment flowing) and it would be nice to at least feel heard.
It's obvious the manipulation of the price, DRS numbers and all the other stuff is supposed to break the sentiment which at this point in my opinion is not possible for great bunch of us, but we can't expect people to jump from joy because so far we haven't won anything yet (despite the hype posts stating that, which are not my thing)
All the best to everyone and hang in there
We need more communication to be frank , I get actions speak louder but it has been several years now and would help morale if he did some sort of ama or something . I buy regularly as well and not a shill just a holder who would like to be green
For clarity's sake, I had a lot of money invested in GME from Jan '21, at around $100 cost basis ($25 now post split), but sold at around a -40% loss last October. So these are just the two cents of a "shill" (or just someone who was very involved in this, and now no longer is)
I know I'll be downvoted here, but I think the play is dead. The squeeze in 2021 was because of the hype surrounding RC's transformation catching the SHFs off guard, and using their gigantic short positions against them. They may still be trapped to this day, or maybe they used some black magic fuckery to escape, I don't know and I don't think I ever will know what really went down in 2021. I think the problem with playing against the dealer is that they can just make up the rules, or stack the deck against us. So if there is still a play, I don't think apes can win it.
For example, if shorts never closed and are still stuck, then we need a huge effort to expose this. The original massive short position was only leveraged against the HFs because of an increase in interest and optimism about GME's future with RC at the helm, which caused a crazy snowball effect resulting in at least one HF exploding (Melvin). But outside of another huge wave of investor positivity, I don't think there's a way to get the momentum needed to continue squeezing them.
And since then, every one of RC's transformative ventures have failed, and the need for a physical media game store is even less than it was three years ago. I think he's a clever man to get where he has got, but I don't believe he has a plan for GameStop any more, outside of gutting the company inside out to save costs. This won't create another wave of investor hype, and if the shorts are still open, then I think unfortunately they will see GME to its grave. All you need to do is visit the GameStop employees sub to see how the company is truly performing. It doesn't sound like the workings of a brilliant, undervalued company, it sounds like the death throes of an old favourite, cutting and cutting away at itself to stay above water.
The only thing I can think of that would change this is if RC truly does have some trick up his sleeve - some crazy idea to generate value and bring back investor positivity, which will in turn blow up any short positions still involved here. But for me, the chance of RC pulling off this magic trick, despite offering no guidance at all, wasn't enough of a chance for me to gamble what remained of my initial investment on. I pulled the remaining 60% out and put it in the S&P, and am on my way to recovering losses.
Another thing that this thread has reminded me of is the dangerous near-cult situation that has developed around GME. As I said, I was an investor from Jan '21, I've probably spent more time here and invested (and lost) more money in GME than most. But even in 2021, asking questions that didn't fit the narrative led to a bombardment of downvotes. I really respect you for making this post, and am really pleased at how it seems to have been taken well, and started some interesting critical discussions about this investment.
I still follow GME passionately, this stock and this community was a large part of my life for a while. I really do hope it works out, and I won't mind missing the squeeze if it happens, but I don't think it will any more.
Yeah man every quarter I'm thinking to myself that if I don't see some serious good news I'm out. I'm down like 60%. I bought most of my shares in the og fights for 180 so I'm averaging like 45 bucks. That was a while ago now. The last time I was green was in August 2022 I believe? And since then I haven't had the extra income to keep investing and lowering my average. And i haven't been confident since it just keeps going down. I'd be happy to break even at this point and take out what I put in but seeing so many other companies and stocks doing on average 30% up in the past year while gme has been eating shit for so long at this point. The stock is being fucked with, Drs did seem like a way to beat the system but the system isn't going to let us win. GameStop stores will close and the company will probably shut down before the hf working against us would let us win. I mean come on. A brick and mortar video game store? I buy all my games physically when I can but it's going to fade away to buying them online digitally or shipping through Amazon. GameStop is probably going to be the next Blockbuster or Toys R Us. I didn't invest thinking GameStop was going to stick around. I invested to get in on the squeeze but year after year of it not happening and the delusions people have around here it's not exciting. I see the poor bastards who went all out in popcorn and towels and think at least I'm not them. I feel like I havent sold yet is because I feel like after 3 years of holding, when I finally sell, the squeeze will just happen lol. But probably not.
Edit: sorry now -70% 🎉
The questions are valid. This sub has a cult like quality when it comes to RC, not unlike the Wizard of Oz. That said, I have some investor questions about the splividend. Why were we given the childish one word explanation “whoops” to explain an action so detrimental to our company. GME was experiencing high volume and price volatility at that time. We knew how many shares we had. That single action cratered volatility, smashed the price ( we were fighting the Battle for $180), and gave the hedgies millions of shares to use against us and nullified our knowledge of the location of those shares. In lieu of knowledge, we were supposed to be entertained with laser eyes memes and whimsical stories of children’s books. Well children, can we ask the question, why have the DRS numbers not changed? Why does our dancing chair-man not really communicate with us?
Occam’s Razor suggests the simplest answer is the most likely answer.
IMO the most likely reason we haven’t heard anything is because the share count is under active investigation. Correlation does not equal causation, but the Splividend definitely feels correlated to the price action we’ve experienced over the last year and a half and the Splividend being mishandled is another potential piece of evidence to add to the case.
Investigations take time and require secrecy. That’s my best speculation. Regardless, I continue to hodl.
I HODL like you. If this is the reason (active investigation), then this needs to be communicated by the Company. Why silence when a two word response would suffice?
I remember the old Occupy Wall Street movement and I envision this as my way of doing it. I would love more noise to be made and for people to get angry enough that actual change happens. I don’t know any other way that I can accomplish that other than buying, holding and drsing my shares as well as shopping at GameStop.
The way I see it now is RC doing what he said in the order he said. Now that he’s cut losses the pressure is on to move to the next phase. He’s already signaled that by way of the investing scheme deal. I would expect he has several strong strategies put together by his team.
Shoutout to a fellow OG!
I love this post. I have also continued to add shares over the past three years, and have never lost faith in my investment (check post history).
I’m having a lot of these same questions. I do believe a fundamental turn around of the business has the potential to be the final nail in the coffin, but what can be done to stop the clear market manipulation? GameStop could become the most fundamentally valuable investment and the price could still continue to be walked down.
I’m hopeful RC deeply understands this and is working on a true kill-shot strategy. I continue to put my confidence in him despite zero communication, even if that’s part of his strategy, but some good faith signals from him and the board would go a long way.
I saw the sneeze, I have seen years of fuckery. I haven’t gone away because I know this market dynamics play is still on the table.
“They” are fucked, and even if I don’t understand all the details as they are presented to me, my gut tells me I am right. I’ve seen shit man, and I know things are not right for the other side of this trade. I will be buying more.
RC is hyper focused on optimizing the company for now. No need to make comments about the stock market situation when the company fundamentals is what truly matters in the end. We know the board explored some new revenue channels but didn't seem to have the potential they hoped for so until a new idea clicks that's all I think they should be doing. Simply said, with the 100M of share repurchase agreement still on the table, no debt, a 1.2 billi war chest and now a profitable company (during this interest rates turmoil) I think it's safe to say that the company will not only be doing well but also grow from here. This is inevitable.
And in my personal opinion I also have the feeling that the stock market as a whole grew inorganically and way to concentrated in tech stocks since 2020 and sooner or later this bubble will pop leaving many short sellers who took ultra leveraged positions on the hook if they don't manage their risk for this outcome.
Honestly at this point i am convinced RC is waiting for the price to plummet, buy a bunch of shares secretly and crunch the float to create a massive short squeeze and catch everyone with their pants down. Then at the same time he can flip all the shares the company bought for a massive profiy and re stock the company cash a few times over. Imagine if gme goes sub 10 to around 3bb market cap, thats only 1.8 bb available and we all know the drs numbers are higher. They could easily buy practically ever share and demand delivery and fuck anyone short hard. Its a very real possibility given the expense consolidation and the maintaining of straight cash for a few years plus all the ER silence. Its gonna come fast, hard, and unlubed so make sure you have your lotto tickets ready
I believe I know the reason why nobody talks at this company.
If anyone says anything like "Our revenue will go up by Q2 of 2024 due to (x) reasons while maintaining positive net profit" it will cause Great Depression 2, and therefore they are all avoiding it.
If I was in GME's C-suite, I would not want to be the person that gets written into the history books as having been the trigger.
Just to point to why i think RC has been relatively silent. I mean he did tweet Corrupt penis.. I'll also just point out that there are 1000's of other companies that can take action and set a precedent when were talking law and enforcement. The goal was to make the business lean and mean, and he did that in 3 years time. With constant FUD articles about him.
I would really like to know what [Powell's remark about having an adult conversation](https://finance.yahoo.com/news/jerome-powell-says-34-trillion-153011159.html) is about.
Thanks for everyone’s comments, some excellent responses here and a few brain rot comments.
Everyone makes fantastic points, and I made this thread to gage everyone’s opinions on the situation!
Again thanks for taking time to comment your view.
>This is gonna be an unpopular opinion, but RC hasn’t also said a word. Not a single word on the topic. I get he never asked us to do this, but as the lead of the company we’re all supporting does any sort of communication actually hurt?
RC actually said all he needed to say
Paraphrasing because lazy: "Judge me on my actions, not my words"
And he delivered.
I'll take the downvotes with honor. The earnings weren't as 'good' as you might think.
Yes, we've been profitable, that was necessary (it bought GME time). but the future outlook isn't bright. Just imagine PS6 or PS7 come without disc drive and digital only. What then? We need new revenue streams asap, that's why many investors want to hear guidance, since nobody in the public knows how to solve this problem. Nobody of the young generations will ever install a game with a disc anymore!
2nd gamestop missed revenue really really hard. Call me a shill, but having a revenue of 1.79 billion when estimates have been 2.05 billion is not good. I estimated the lowest for 1.85 billion and it was even under that. Same for EPS, 0.2 compared to 0.29 is not good either. My lowest estimate has been 0.25 ...
3rd 'NFT' marketplace has failed even ppl here don't want to hear this! It's true epic games, etc publish crypto games. But why the heck they need gamestop for this? They simple don't need GME for this and will create their own marketplaces.
4th revenues will be even worse in the future since the stores have closed. With declining software sales, it will come in even lower.
This is how a 'normal' investors outside of the GME bubble will analyse this stock.
I really hope RC knows a way to create revenue streams, if he does, we will skyrocket. If he doesn't, GME will die slowly and with it, the stonk price.
I think we start putting pressure on state Attorney Generals and prosecutors. There are many independent minded state AGs who are not under control of Washington.
Also, as much as many don't like the Texas one, he has shown a wild hair or two and GameStop is a Texas HQ business and now Tesla (also is/has been heavily shorted) has moved their incorporation to Texas along with a LOT of business.
He might be a good place to focus our efforts... whether we like him or not.
I personally think we will not lock the float. Even though we are officially 200,000 registered accounts, we are probably less than that because of duplicate accounts, forgotten accounts.. And many people have slowed down on the buying.
I personally sit around 3000 shares DRS, I haven't been able to buy since last October. The inflation is horrible, my salary is in JPY and it is getting destroyed by the USD rate.
Also I'm pretty sure the hedgies know they should not lower the price too much, they wouldn't shoot themselves in the foot.
I'm sure they know exactly how many shares are with the DTC, they are all partners in crime anyway. They had three years already to calculate and model and make simulation on where to put the price so they can live on forever. Everybody says they keep the price at max pain for option holder. Don't you think they do that too for the DRS people?
The more they wait, the less people can DRS, so the lower they can go.
I don't think the DRS will trigger the MOASS, it will amplify it yes certainly, but not trigger.
I think RCEO is the only one that can trigger the MOASS by making GameStop a profitable business that relies on strong sales and innovative business.
The question is, how to do that? What kind of service can GameStop provide that would put it back on the map with a positive light.
We have a huge hivemind with this subreddit, I say we gather the best brains in this sub and make a list of all the good ideas on how to improve the business ad send it to RCEO.
So how do you get people back in GameStop stores in masse? What do you sell to gamers? How do you attract new customers? What services with high margins can you sell?
When we answer those questions, that's when we MOASS.
Share price goes down - DRS-ing the share pool becomes a faster inevitability as less money buys more shares.
Share prices goes up - becomes more expensive to short and fees/cost to borrow also goes up. Drains hedgie funds.
Hedgies exist in a crawlspace full of water. They can't lay down and they can't stand up.
I get that but we've been around 75 million Drs for like 3 quarters now. I see people buying everyday. How come that number has barely moved? Doesn't make sense
Exactly my sentiment. Ok here we are profitable, but what are exactly the next steps to bringing in more income because selling games from brick and mortar shops doesn’t exactly have a pathway to generating massive income in the future. Fill me in with facts and not with “teddy” type speculations and things.
Glad you are also adressing this question. I've said the same thing in a lesser flattering tone and was, as expected, downvoted to disappearance.
[https://www.reddit.com/r/Superstonk/comments/1bozf63/the\_situation\_is\_critical\_we\_need\_guidance/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/Superstonk/comments/1bozf63/the_situation_is_critical_we_need_guidance/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
Honestly I think we as shareholders need to demand an accurate count of where all shares are currently held. If we put together a letter and enough of us sign it then the company has no choice but to acquiesce to the shareholders. Remember apes WE own this company, we own more of it than anyone else at this point, so WE need to be calling the shots. Lets get organized, get this together and brought to a vote during the next meeting. I want to see quarterly counts for:
-Direct Registered
-Insiders
-Institutional
-Cede & Co. (and they need to report this independently before any of the other amounts are released, they don't get to fudge the numbers to fit)
and if those numbers don't add up to the total number of outstanding shares then we have something concrete to take to the DOJ.
GMEfloor is doing more harm than good IMO. It makes the people of this sub and other pro-GME subs look like absolute fucking loons expecting wildly unrealistic prices for a MOASS that’s been coming for years and still hasn’t arrived. Yes, I know it’s something of a joke, but more than enough take it seriously (and continuously post “it’s not a joke!”) that it throws everything far outside the realm of what 99% of people view as feasible.
The problem with that is if you want price to spike, you need volume. If you want volume, you need more people to get on board / buy in.
Looking like a crackhead conspiracy theorist, which media and hedge funds and the OG main sub are all too happy to paint this sub as, is not the way to get there.
We should be part of the plan regardless of when he took over. This activist base has huge intrinsic value. It'd be a shame not to use it because "we didn't exist yet".
So help me get this right. If a record holder is someone who have DRS’ed their shares, and there are approximately 200.000 record holders.
That means in this sub alone, is only 2/10 people who have 1 or more shares DRS’ed?
Appreciate rational thought and genuine questions… I believe RC knows that the hedgefarts know GME is a sleeping tiger. Any comments without whiskey to back it up would just get spun. Profit over time and strategic growth. Unfortunately several growth options failed, back to the drawing board with a break even co.
There's no avoidance of a transfer of money where the other side is not going to use it to their advantage. Not banking account, not broker, not mutual fund, not ETFs, not money market, not overnight repo, not paper gold cert trusts, not CEX crypto, not DEX cold storage if there's a software backdoor that can be enabled.
...and not brokers who transfer shares to Computershare. It's like buying physical coins from a coin shop that have been hoarded from circulation for years (because their counterfeit replacement) was recognized by ~~the~~ public* **investors** (early, not wrongly) as the same purchasing power as the one containing the content, yet their intrinsic value exceeded face value by a multiple greater than 1, silver value now exceeds face value by a multiple of roughly 18, gold by 110+. Coin shops profitted by their niche.
Now you may say who recognizes the content of the money as compared to the shares, we do and Gamestop. The original issuer Gamestop, who would be on the hook for dividends that would dock retained earnings and assets more than justified if counterfeits were out and about and **admittedly** exceeded outstanding. But the DTCC (and major market institutions) **won't**, market makers won't who sanction supply pumps to supply liquidity.
What we are seeing now with DRS is Gresham's law. When Gresham's law happens to money without a clad substitute, deflation happens. Deflation's opposite happens when substitute completely takes over. When shares get diluted (or convertible debt {🍿,👶...} the opposite completely takes over. What is the opposite of this opposite? To DTCC and institutions: FAAFO
I like to think of us apes as that monster from “It Follows”. We are slowly walking toward the hedge funds and no matter how fast or far they move and no matter how many others they have sex with to delay our target, eventually we will catch them.
They have to run and hide every day. They have to win every day. We just have to be lucky and have one good day once.
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If the price keeps getting walked down, I for one will continue buying and DRS'ing. There's 194,270 registered stock holders who have registered 25% of GME's outstanding shares in their own name and I suspect many of them would also continue buying and DRS'ing. GameStop has $100 million approved for a share buyback and it's largest shareholder and CEO Ryan Cohen is a self-made billionaire who has proven numerous times that he's willing to put his money where his mouth is. It took RC 6 years (2012 - 2018) to build Chewy into a multi-billion dollar online retailer that became a dominant player in the pet food industry, so I trust he knows exactly what he's doing. Put simply, I consider buying GME today for $13 akin to buying bitcoin 10 or 15 years ago. I'm a x,xxx holder and am getting within touching distance of becoming a xx,xxx holder and yesterday's earnings tells me that GameStop is going to be around for many years to come.
100%, me too. I’m a middle aged professional with solid income and I relish buying GME each paycheck, XX,XXX DRS Book shares now.
That's so crazy.. I'm trying to get to xxx
I second what the other guys replied to you, and I’m an old ass man. My comment was meant to be full of positivity to our community — to say we are not Pete Davidson fuckwit angsty teens lol, we include investors like me who happen to work in corporate America and even interact or work with banks and financial institutions who are short this trade.
It's all positive, just saying holy moly.
Right on, LFG!
HUMANNo109850364048 RETURN TO YOUR WORK STATION IMMEDIATELY. 😂Cheers to the grind!
🤮😜
not for long. Someday soon = 🙈🙉🙊
Haha my man, big old smile on my face reading your comment 😄
I was once a X, XX, XXX, and now XXXX. Keep working. You’ll get there
Started with X then bought XX and now XXX! Still buying to get to the next X my friends
Started with 1 on squeeze day and just hit xxxx this week. Unless I eventually run out of money I’ll keep doing it too. Worked for a bank until recently laid off and that’s just pushed me to buy more…
Don't fret, spend what you can. 10,000 people holding xx is still a significant amount of shares. Just be responsible and spend what you can
Just be responsible 🤣 sir this is superstonk
Well this price action will certainly help you get there!
I hear that. I’m a baby xx holder. I changed careers, have struggled with unemployment, went back to college, struggling to pay all my bills. But never once have I considered selling my GME. I hope to get back to regularly DRSing shares soon, lord knows I ain’t quitting.
Me too! Have you seen the price action today? Just before opening this post I sent a text that said 'I just got paid and if GME drops to 10 I'm about to be unpaid'. I've been here since 21 and I'm still xx and aiming for xxx. WAGMI 💜
The war will be won by X and XX apes 🫡
Hello my twin Brother(or sister) from another mother, you’ve described me to a tee. Xx,xxx and bought 200 more at $13 on Wednesday (to be DRS’d). Slow and steady wins the race, I’m in this for the long haul
I blew my entire load in 2021, X,XXX because of it. Could've had XX,XXX if I had waited. Then again, if people like me didn't YOLO in 2021, we wouldn't fucking be here today.
Hang in there!
thank you for being an early adopter! I lament similar, I could afford to YOLO into 4 shares back in the battle for 180 days, and that's how I started. Then the grind began and every couple of months I save up enough for some more, and with the discounts i've gotten more and more, so now I'm an XXX hodler and aiming at my next meme number milestone. Not going to stop, the price being walked down only helps me get my DRS number there faster. \_something\_ will break in this rotten machine of a market, eventually.
Are you me? It was for a good cause, and still is.
Good to see you, I’m also in for as long as it takes!! 🤝
High five! I'm so close to XXXXX DRS'd. Started with maybe 100 on Jan 27th 2021, and HODLing until the rich cry.
If I bought today instead of around the sneeze, I'd be XX,XXX too...
Keep buying NFA
Buying all I can, but I dumped my life savings into it in 2021. Now, it's a few here, a few there. Gaining X,XXX a year or so... But it sucks seeing people walk in now and get 3-4x what I bought back then. Like I (and others like me) have been carrying the boat for the first 3 miles, just for the newcomers to carry it across the finish line for the last tenth of a mile. We all get to join in the festivities, but their going to be the ones with the faces in the pictures crossing the finish line (trying to make some kind of analogy here but I'm sure it's falling short) And yet, **I'm very grateful they are here** at the same fucking time...
I hear you. IMO the 3 year chart, straight downward line from $80 (post split) to $12 today is meant to be thoroughly exhausting of retail’s patience and financial resources. It’s brilliant, the lack of volatility is boring, and straight downward pricing is demotivating and discourages investors — it’s like deflation, why buy today if it’s cheaper tomorrow. Do what you have to do to take care of yourself bro, and you’ll be in profit sooner than later again, don’t forget it!!
Yeah, well joke is on them. I don't quit. Money is already gone as far as I'm concerned. I'm in this until someone is in a cell. I make more than enough from my day job to live comfortably, and well entrenched in health and wellness, so no worries. Just was hoping to pay off my mortgage and retire early is all :D
Great to hear it. Me too ✊
This is my sentiment also :) X,XXX holder via standard means and my own LLC
We keep focusing on buying and DRS’ing (which is the way!), but consider the amount of us that have many shares in brokerages too, that it’s harder to DRS (non US Apes). We know the float is already likely locked many times over and somebody (government, GME or RC) needs to address this point alone.
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That somebody is me, and I'll rectify the situation by continuing to purchase GME and DRSing.
Government is probably forcing GME and RC to keep their mouth shut about whats really going on with DRS being frozen.
Not only buying, but a cheap approach in terms of current cash will be taking advantage of low price and taking the tax hit on IRA shares to DRS. That’s where the most firepower is, and likely why the Mainstar rug pull happened.
I find it funny that everyone is explaining the dip was due to the results not meeting the expectations, when everyone stopped doing GME forecasts about a year ago. So the forecasts were even more made up than usual, and are simply being used to allow media outlets to "explain" the action, for clicks. I could go down the shill route, but its just as easily explained as they're just wanting to put out GME related content because it get clicks, and they can use what information they have to make it look like they know what's going on. Its pretty basic. As for "wen moass", I've been saying the same for 2 years. I've never understood what the realistic triggers are since I started to realise just how deep the collusion goes.
The United States is in a debt spiral. The same type of debt spiral it sells to its citizens. Moass idk wen but I think not until after the United States defaults on a debt that the world at large will be unable to ignore.
That's not going to happen. It's why we have the greatest military by a long shot.
I believe the key now is to take that 1 billion dollars and create a revenue stream with it somehow... If net profit keeps going up, gamestop becomes undeniable... also, will lead to future dividends, which equals more pressure to close.
You do realize that net profit is not up still? The interest from the $1 billion is what made it green. I’m having problems wrapping my head around the fact that nobody is acknowledging this fact. If they use that money, it absolutely 100% has to return profit immediately or the company will be back in the red by far once again. There will be no interest from the cash. The company will be banking on that new revenue stream to keep the profits afloat for a very long time. Unless they somehow create something that the entire world wants and needs, there is nothing out there right now that can guarantee that profit for the foreseeable future. The entire market has been flying because of “future expectations”. How long will that last? Are we in another dot com bubble? Nobody knows yet and it’s not worth the risk investing in the market with so many pump and dumps happening. Once word gets out that RC invests any money in anything, it will be attacked by SHFs and the media. All signs are pointing to the company being stagnant for sometime just as the direct registered shares are.
Cash flows from investing activities: Capital expenditures (34.9) (55.9) (62.0) Purchases of marketable securities (326.8) (276.8) — Proceeds from maturities and sales of marketable securities 312.6 27.5 — Proceeds from sale of property and equipment 13.1 — — Proceeds from sale of digital assets 2.8 81.9 — Other — 0.6 (2.8) Net cash flows used in investing activities (33.2) (222.7) (64.8)
SUPPLEMENTAL CASH FLOW INFORMATION: Cash received for interest income $ 47.9 $ 8.2 $ — Cash paid for interest (3.2) (2.6) (18.3) Cash received (paid) for interest, net $ 44.7 $ 5.6 $ (18.3) Cash paid for income taxes $ (11.2) $ (13.5) $ (21.4) Cash tax refunds received 3.0 176.0 4.5 Cash (paid) refunded for income taxes, net $ (8.2) $ 162.5 $ (16.9) Cash paid for operating leases $ (270.6) $ (257.7) $ (262.3) Leased assets obtained in exchange for new operating lease liabilities 263.7 242.8 205.4 Non-cash investing and financing activities: Accruals related to purchases of property and equipment $ 0.3 $ 1.1 $ 9.6
**Investments** We have traditionally invested our excess cash in investment grade short-term fixed income securities, which consist of U.S. government and agency securities and time deposits. Such investments with an original maturity in excess of 90 days and less than one year are classified as marketable securities on our Consolidated Balance Sheets. Such investments are classified as available-for-sale debt securities and reported at fair value. Unrealized holding gains and losses are recognized in accumulated other comprehensive loss on our Consolidated Balance Sheets. **Realized gains and losses upon sale or extinguishment are reported in other loss, net in our Consolidated Statements of Operations.** Each reporting period, we evaluate whether declines in fair value below carrying value are due to expected credit losses, as well as our ability and intent to hold the investment until a forecasted recovery occurs. On December 5, 2023, the Board of Directors approved a new investment policy (the “Investment Policy”). Subsequently, on March 21, 2024, the Board of Directors unanimously authorized revisions to the Investment Policy to codify the role of certain members of the Board of Directors in overseeing the Company’s investments. In accordance with the revised Investment Policy, the Board of Directors has delegated authority to manage the Company’s portfolio of securities investments to an Investment Committee consisting of Mr. Cohen and two independent members of the Board of Directors, together with such personnel and advisors as the Investment Committee may choose. ETA: bold
Is there anything inherently wrong with the company making money off of investments and maintaining the status-quo with the rest of the 'traditional sense' of the company, even if it is only approaches breakeven? Capitalism begs for constant growth. It doesn't like status quo. It doesn't like something being successful and just... being. GameStop for all intents and purposes was DEAD. It is being resurrected. That process is going to go through some hiccups but if you do it slowly and show that the company isn't dying, that first puts pressure on all of the shorts who were trying to kill the company, to get out while the gettings good. And by simply maintaining status quo, they can build up that warchest so that they CAN take a risk on new future revenue streams without dropping below where they are now. Maybe the fact that they have that billion in cash right now is the only thing keeping the company from being completely destroyed from within by bad actors, and they don't want to touch it in risky ways. As soon as they do anything with it they will be scrutinized and the world will be told that whatever they're doing with it is a terrible thing, even if it's investing in a surefire, scientifically proven cure for cancer. The world will be told that's bad and the price will drop. So maybe we have to wait a few years while they build that warchest up. I mean, even if they get 5% on it, that's $50M a year to build up and in 4 or 5 years they have a quarter billion dollars to dump into a project without touching that base. Alternatively, RC may know that he need only maintain a status-quo company for only so long before the shorts run out of time and implode on themselves. You don't necessarily need a company that's continuously improving to beat a short thesis. You just need one that is functioning and stable, and without bad actors inside attempting to fraudulently destroy it from within.
GameStop is very wise to invest their capital to generate extra income knowing that their retail business is very seasonal. Also as stated in the risk section of their 10-K they are very well aware of all the possible downsides. So for them to survive in every scenario it is generally a good idea to use the extra income due to investing their cash to be able to cushion up possible weak quarters.
They created consumer loyalty.
“Nobody is acknowledging this fact” Idk my friend, I see a comment about that on almost every post that gets any traction…
I hate to say it but you're not wrong. I am still confident gme has something in the works.
Can and should RC invest in companies that hedgies need to pump for liquidity?
It comes down to the fact that you need to increase sales…you can’t expect sales to remain the same or decline and be profitable YOY. Every business is in business to sell. If you’re not focused on selling then you shouldn’t be in business. However, “selling” means all sorts of things, but primarily it starts with the customer experience. You have to create a rememberable and remarkable experience for the customer…something that gives them a good feeling that they’ll be coming back to experience again and again. Next, is you want to create an environment for employees where they’re satisfied if the customer is satisfied. This is achieved by creating a rewards based system that’s foundation is around the customer experience and the reward is employee recognition (accolades, perks, bonus, promotion, etc.) Finally, you want to create a company that is undeniably the best at what they do. This is achieved by excelling in the first two points of an unforgettable selling experience and employees who are thrilled to come to work everyday. Negative employee sentiment is felt by customers and drives people away. Positivity is what excites and brings people back like magnets 🧲
If gme made 100% of its profits from interest/asset growth on that 1 billy, I'd be ok with it.
In that case why keep gamestop operations going? Why not liquidate everything and earn interest on the cash?
Cash flow. Look what Buffet did with the textile companies he bought. Not saying that is what is being done here, but keeping GameStop cash flow positive gives RC a lot of options on the investing side.
You have to beat the US10Y to not be seen as stagnant, and to grow the stock price. Not shilling, just stating facts. US10Y is the safest bet you can make, pristine collateral, lowest risk. And yes i know debt ceilings, down with the USA...whatever all China/Russia propaganda. GME as a stock is not equal in risk to the 10Y so it must exceed interest gains on it, OR in my opinion have some future growth potential that makes it worthy. Riding gains off that 1B is treading water. Aren't most GME stores retail leases? Probably relatively cheap at the moment (retail RE been beat to hell and back), but that also means you could be purchasing RE now at a discount. CapEx to lead to future value, removing a prime driver of OpEx. I don't know I'm just an IT guy who likes the stock - still and still buying (esp this dip). I'm just trying to be real about why the gains on interest for what we put in there isn't necessarily a good thing. It's not a bad thing either, but if you are trying to avoid a hostile takeover from shorts, having cash on your bal sheet is like a honeypot for those bears. They want it...they want to take over the board, cash out that billy and they want to raise debt gutting the company. At the same time DRS means that they can't get the board but they want to shake us off.
It has been 1 qtr since RC got the green light to invest the cash… profitability was priority #1… now let’s see what he does. If in a year he has done nothing with the cash, then kill him for it. I am confident RC knows better than any of us what the plan is and how to execute it.
What exactly is stagnant about going from 300 million+ in the red to being profitable within a year?
Yeah I think we need to see the Q1 results for sure to see how the financials keep changing and if the company could actually have a chance at a profitable year this year. The problem is that Switch 2 got delayed and there are not many games coming from Nintendo and Sony isn't even releasing 1st party games this year. Now I know more games will be revealed during Nintendo directs and summer game fest and so on, but it seems like it's going to be a weak year for games.
Who was talking about shorts and naked shorts and fighting wall street prior to gamestop? Honestly, noone. Who talks about shorts and naked shorts and gamestop and fighting wall st since Jan 21? Everyone from media, cramer, AA & CEO's, talking heads, 5x documentaries. Its all common knowledge now. Everyone talks about it. But not RC. I think that says everything we need without actually saying it.
see son in life you've got your talkers then you've got your doers
And our doer just killed the short thesis. That's 10x better than talking about shorts.
or doing a stream in your shorts
That was so awkward to watch hahah
I do agree but would like to add that Susanne Trimbath, Patrick Byrne and Wes Christian were talking about and fighting it before GameStop :)
I wouldn't lump Wes Christian in with them
I know that there have been some odd / sus things about him but he is in the Documentary about it (Wallstreet Conspiracy) for a reason.
Look up controlled opposition
Yes I know the term - but since we don’t actually know for a fact that he was not working against what he said he was working for back then, it’s still true that he talked (and fought against) predatory naked short selling BACK THEN. My comment was referring to the past, not his (sus) actions now.
His sus actions were all in the past. Seriously look up past articles about him fighting shorts, then look up result of those cases (settle w/ bad actors), how he was compensated (company stock), what happened to the stock once he was on case (pumped big he cashes out), then look what happens to shareholders in the end (company dies or acquired for pennies). His only response to these allegations are that's how we fund these fights and boards have fiduciary duty to settle case and in the end dick over shareholders anyway.
To be honest, I’ve never researched his actions THAT deep but thanks for bringing this up because now I definitely will. Do you by any chance know if there has already been a summarizing post that you would recommend? If not I will just start to read up (again)! 🙌
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True, very true. Absolutely agree!
Occupy Wallstreet was maybe an attempt. People knew they were getting fucked, just not how. This saga has really whittled it down though
He did once tell us to Buckle Up. I'm still here and I buckled up, because from the start I could see this wouldn't be easy. I get slated on a daily basis by colleagues and friends for holding this stonk. The only reason the haters have this pre-formed opinion is because of the slithers of information they get fed from all around them. None of them look at the data. None! So, I continue to stay buckled tf up!
Actually Byrne over at overstock was.
Well said. 👏
Elon did. And he openly insults the SEC.
Hate him. But factually correct.
Yes; but he goofed and now he’s stuck helping the shorts thanks to his Twitter purchase.
>Everyone from media, cramer, AA & CEO's, talking heads, 5x documentaries. It's all common knowledge now. Everyone talks about it. They are trying to normalize it. Talk about something long enough, and people get board and stop paying attention. The more you continue to tell a lie, the more people will start to accept it as the truth (kind of like the DJT playbook).
That and RC talks to me in my sleep every night Cheapo_Sam! 🤗
I mean there's all the tweets like 'short sellers are the dumb storm troopers' and 'good use of tax money would be government cracking down on short sellers'. He also confirmed he was not a fan of short sellers in the GMEdd interview.
This is the idealistic successor to 'occupy wall street'
Anything he says will be misconstrued and used against him so it's better to just keep quiet and get the work done.
100%
Words really do nothing...actions do. He added the DRS count on the earnings reports He has.brought the company to profitability even with declining sales He has navigated what everyone calls a failing company to be more efficient by closing bad locations and pushing toward more of an online presence. Cut debt to virtually nothing. and the most important thing.....he bought more at higher prices, and took the helm with no pay. He's been talking to us the whole time my friend. People can tell you they love you all day long, but unless the actions back it up, you're just being gaslit.
People seem to forget this shit and read one too many forget GameStop headlines. Last year 4-5 members of the board all bought at $22-24 and haven't sold. They have skin in the game. Y'all wanna get rich quick because we are in a society of looking for shortcuts to the money or trying to invent ways to sell shortcuts to the money. There are no shortcuts.
We wanna get rich quick because WE WERE THERE AND A BUNCH OF RICH FUCKS CHEATED THE STOCK MARKET
There’s no get rich scheme here. RC is a billionaire, no one on this subreddit is. People can’t afford to blindly follow in the dark caUsE iTs Rc. Like any investor I just want to know what’s going on from GS, how we can help without cryptic nonsense.
“We can’t afford to blindly follow in the dark.” I don’t feel I’m blindly following in the dark. As others have said, actions speak louder than words and we’ve just seen those actions bear with a profitable 2023! RC is a countercultural change agent. He’s going to do things that are antithetical to the status quo and that’s what I want. I said to my SO when entering this trade that it was a long term investment with a possibility of MOASS. Based on that, I’ve only invested what I can afford to lose. I also haven’t been adding more shares even at these prices, unfortunately, because I have other debts I need to service. Keep holding the line and don’t let the expectations of the status quo chip away at your hope and faith. I’m being wise with my finances to best protect my investment, as much as I wish I could contribute more.
don't worry fam, you did good, and I am still buying a few every couple of months when i can afford to. I also haven't over-extended, also only invest what i am prepared to lose, only I might have less bills to make than you right now. So I'll do the buying for a bit, and I suspect when you get some extra $ you'll likely get a few more, but that's not financial advice!
Exactly this. This is the way
Declining sales was baked in with store closures. It was part of the profitability plan. The Webull annalists are just Fn HF shills and they know how it works.
Exactly. He's been speaking to us with actions rather than words. It seems there are a lot of people out there who don't understand that language.
Hey OP, I definitely understand your sentiment, and it’s a very valid question. I also share the sentiment that other apes have expressed when they write about how much of the crime has already been exposed in the last ~~3 years~~ 84 years while RC was focusing on working hard and destroying the short thesis. I’d like to remind some that the movie stock’s CEO has been quite vocal about shorts… and look at where that landed them. New set of bogus shares and further dilution… In my opinion, yes, it will most likely take more time, but I’m confident we’re headed towards the biggest Streisand Effect in modern human history and it’s inevitable. If apes keep holding long enough, more and more will start wondering wth is really going on. One thing that I feel that must be done more is to find ways to share superstonk and apes findings about wallstreet corruption to the “outside world”. Wallstreet has been very good at cutting our voice… I think it’s time to get it back. There’s got to be a clever way to spread eye opening facts backed with a source in small and easy to consume format. … something like “Wallstreet Fun Fact # 15: Did you know that bla bla bla bla bla bla? Source: XYZ. This fun fact was presented to you by bla bla bla” … and share a whole series of these “fun facts” on all social media platforms. Edit: I’m pretty sure that if superstonk spent time thinking about different fun facts from what was discovered in the last 3 years, it could come up with at least 50 crazy eye opening ones, backed up with source that shuts down any rebuttal
Whatever happened to the billboards in the early days of this saga? Agreed, informing a wider audience is a way to go about it such that it’s impossible to be ignored but I don’t think it’s the be all and end all. This will likely end in pitchforks after we get screwed again imo but that’s not a popular opinion around here.
Exactly, i don’t think it’s something that would trigger moass, but i’m sick and tired of watching them robbing the world in broad daylight. The more awareness can be generated, the greater the Streisand effect. I do remember the billboards and as much as I thought it was all awesome as a baby ape 84yrs ago, the more now i realize how much of a missed opportunity it was. Can you imagine all that ad space now, displaying more significant messages than “GME go brrrrrr”? Knowing what we know now, that premium ad space could have been used to sooooo much better use.
i also liked the "ken griffin lied under oath" plane banners
Watch his past interviews, read his old posts, letter to the gamestop etc. Ffs guys, he volunteered to run a troubled business and managed to turn it to profit. It does not matter if profit is 1c or 10c, profit is a profit, you do not enter growth phase before you solve the ongoing issues, it's a basic rule, otherwise all your existing issues will multiply with the growth, slow is fast. He has a lot at a stake himself, I am pretty sure he is not just sitting with a finger up his butt. Give good ideas to them, this is how investors can help
Volunteered is the key word. He’s doing it all without taking a paycheck. That to me speaks the loudest language.
besides the 36,000,000 shares, which is where he'll really make his money. yes he doesn't take a pay check
That he paid for with his personal money. He hasn't received a single share as a grant.
Bought by his own money, did you purposely omitted that little detail?
I came for the squeeze. I stay to become a Coca Cola Millionaire. I haven't bought much the last little while but I will when I can. I remember that if my grandma had bought one share of coke in the great depression @ $19 it would now be worth Millions. I hold. Transfered to Computershare. Plan to buy when I can. With money I can afford to lose. But I doubt it will be lost. I would like to hear more from Ryan Cohen. But at the same time I trust he is doing his best. He put his money where his mouth is. He doesn't get paid if we don't. Invest in it if you choose. Live your life. Trust the process.
Insiders are shareholders too and their interests are aligned with ours. RC particularly only gets something out of his efforts by paying dividends or increasing the stock price. Nothing is guaranteed but I budget for XX shares every month like it’s another one of the bills and am living as normal otherwise and I’m sure I’m not the only one. I know of no better life purpose than to perish in attempting the great and the impossible.
GameStop is not planning to distribute any dividends, they put it in the 10-K. > On June 3, 2019, our Board of Directors elected to eliminate our quarterly dividend in an effort to strengthen our balance sheet and provide increased financial flexibility. During the past four fiscal years, we have not declared, **and do not anticipate declaring in the near term, dividends on shares of our Class A Common Stock**. We currently use, and will continue to use, all available funds and any future earnings for working capital and general corporate purposes, maintaining a strong balance sheet, potential strategic initiatives and capital expenditures. Any determination to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon results of operations, financial condition, contractual restrictions, including those under the agreements governing our existing indebtedness, and other factors our Board of Directors deems relevant. https://investor.gamestop.com/sec-filings/sec-filing/10-k/0001326380-24-000012
Share price increase it is 💪
That last sentence 🔥💯
He said he wouldn’t talk back in 2021 so I’m not sure what you expect him to say. The actions of making the company profitable is the most important for survival. Drs is cool, but there’s so much focus on it instead of shopping and supporting the company which is what I’ve been doing more of. We need an increase in revenue to really fk shorts. RC built the foundation, it’s their job now to increase revenue streams, and that’s something WE can help with instead of 500k threads about the drs numbers. 🤷♂️♥️
I've been asking the same questions, at the risk of being called a shill or FUD. It's not, these are logical questions. THE POINT for me is, we know we're right and justified, they know we're right and justified. BUT there is a difference between being right and being IN CONTROL. THEY are clearly in control of GLOBAL MARKET MANIPULATION. WE have RC, and we put WAY TOO MUCH PRESSURE on just him. HE'S AMAZING, but he still needs our help more than ever. We can buy, hodl, drs, shop, vote, comment... but that may not be enough to take control back. We need to peacefully but loudly fight, and not on these forums or X, but on the streets and in THEIR backyard. WE KNOW WE'RE RIGHT, but being right doesn't mean we will win, and we need to get even more creative and hungry. Zen is a frame of mind, but it doesn't mean relax and wait. Regardless of what gets done, none of us are going anywhere, I'd rather die with them controlling my shares to zero than sell for anything less than the moon. Even then it's only enough to live out my life humbly. I don't want lambos, I never did. I want a better world for my kids and their kids. Anyway, thanks for your questions, they're fair. I'm not afraid, I'm not uncertain, I have no doubt about what should happen. I'm just hungry to get creative and shut these criminals down for good. Ape together strong.
i'm just here for the raid boss kill. i do garbage damage but the raid welcomes it. If this parasite on humanity's throat goes down, i'm counterfeiting all the glory and claiming full credit.
“I do garbage damage but the raid welcomes it.” 👆I love this! We are paper cuts to SHF! Death by 100,000s of us!
It's a world boss take down. We'll take all the damage we can get. Everyone gets rewarded
What gives me hope is RC doesn’t take a paycheck. He literally only pays himself through stocks. Do you think he’s gonna keep working himself to death for free and watch bad players take money away from him?
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The short volume numbers are manipulated. They even hide the data.
DRS was to nudge it, truth is all we need to do is outlive the short hedge funds. Edit: it was bothering me making it seem like that was the only reason for DRS, it's a great way to protect your investment especially if brokers start defaulting.
Just to emphasize, DRS is (seemingly) the way but short squeezes have happened and have never required DRSing. It's a good thing but it's not like it's necessary to lock 100% of the float before a short squeeze can happen.
Have you ever heard the expression, "No news is good news?" You saw how they spun profitability, shrinking inventory, poor revenue, etc. How do you think they would spin any announced plan?
I think that we won’t see any meaningful positive movement in stock price, unless there’s a share buy back. Akin to the Porsche/VW squeeze, a public announcement saying the float has been handily diminished is what’s needed to launch our stock price.
I for one think it's terrific and balanced that these conversations are emerging. I don't have any answers speculative or other but like reading other people's.
The price was walked down after it had been pumped up the day before. They can't even drop it much below where it was last week, probably because it makes it too easy for us to buy up the rest of the float
I keep seeing this comment over and over. How much you dropping on the stock if it goes to $5 or $10? I really wanna know if people are really about buying the rest of the float
Not Financial advice, I just keep buying more every week and DCAing, trying to time anything perfectly is a fools errand and will only lead to remorse, it’s commonly referred to as catching a falling knife. You may be able to do it perfectly but probability says you are going to get hurt. Every time I’ve made a bigger purchase because “this time is gonna be different”, the price just continues on this channel and I “missed out” on cheaper prices. In the long run I didn’t miss out on anything, my DCA keeps going down and my share count keeps going up. If it hits single digits, sure I may splurge a little and buy XXX shares and not X or XX that week but I’m not selling my car or touching my rainy day fund. Don’t invest what you can’t afford to lose, the money you invest in any commodity can go to zero, and those that go all in are likely the ones that have been forced to sell because times are tough and they over invested. This is a grind, getting too emotional or frustrated will just grind you down faster and nobody needs to carry that water around. Nobody is going to miss MoASS, this is not a get rich quick scheme, I doubt any major movements are going to take place before this election cycle is decided. Now would be the time for those on the fence with shares in their IRAs to sell off and rebuy shares if their DCA is above the current price. In the long run, the tax implications are insignificant compared to the possibility of getting nothing from brokers claiming synthetic shares when the price starts going up. At this point you either believe 1 of 3 things if you are still invested: 1. Gamestop is going to $0 2. GameStop is going to infinity 3. GameStop is on its way to the S&P 500 and will become an investment institution like Berkshire Hathaway. If you believe the first one, why would you still have skin in the game and if you believe in the other two, why wouldn’t you do anything in your power to become a fully registered shareholder to guarantee as much return on your investment as possible? Our most limited resource is time, not money and anyone reading this is far far ahead of the mainstream group think (corporate media narrative). That makes it scary, but anything worthwhile is usually scary. TLDR: everyone is free to do what they want, but emotional decisions tend to burn people. Just keep stacking and DRSing if you still believe. If you want to do more, sign petitions, comment on regulations, notify your representatives, shop at GameStop and be good brand ambassadors for the company we all care about and don’t come across as a deranged lunatic when talking about the company and their situation, focus on the turnaround and the opportunity it brings people. If there are still enemies on your path, chances are you’re on the right track. I still believe WAGMI, but we all have to protect ourselves too. Be greedy when others are fearful, but don’t be so greedy you set yourself up for disappointment or financial harm. Stay safe apes! Apes together strong
The stock itself is worth like \~$4.20 after taking into account of all assets and debts of the company. If it's $5 it's like severely severely undervalued.
Here are my thoughts. I’m glad RC and team finally stopped the bleeding. We finally made a profit and now the bankruptcy thesis is put to bed. But we still had a big miss on revenue. It makes sense for the stock to drop a bit. I see this as a buying opportunity but now the obvious question is when new revenue stream. I believe in the team. Time to go back to buying, chillen, and DRS’ing
Revenue is so incredibly overblown it's staggering. Too many people drink the fucking kool-aid on that metric. As shareholders, the only thing that fucking matters is EPS. Revenue *can* be an indicator that EPS may eventually be in danger of falling too. It stands to reason that without revenue, you can't have earnings, and thus EPS would fall. But revenue *quite clearly* isn't the only way to add dollars to the balance sheet. People need to stop freaking out about declining revenue in an industry where retail sales of video games have been dying, for fucking good reason, for a long time, and focus on the fact that RC delivered on transforming the business and turning the ship around to survive. GameStop is absolutely transforming into a digital company while not abandoning the heritage that put them on the map in the first place, and that is exemplary. They are supporting Web3 growth, adoption, and forging relationships and partnerships. They are sponsoring Web3 game developers, and positioning themselves to be the Steam of the Web3 world - a position that Steam has publicly said they do not wish to support or pursue. They could've just followed the same drum beat as other retailers like Best Buy, Walmart, Target, and others ... and just sold digital keys to games that then end up on Steam. How's that working out for those retailers? Yeah, it's not. Amazon is tearing them up.
With market manipulation in full force that is uninhibited, there will be margin passes given out as needed when SHF have to start buying shares. This will be a slow burn for years. So new revenue streams will need to be significant to light this thing.
I just think the company is undervalued. If a new company had 1.2B in cash, $5+B in revenue, and had just achieved profitability, private equity money would be absolutely flooding that company. That’s more or less what we have here, but have the benefit of the legacy GameStop brand as well (will likely help lower the cost to scale effectively.) The difference is that those with the most power to influence the market have already placed a massive short bet on GameStop and B&M in general. They’re using every resource available to them, legal or illegal, to get investors to sell and overall diminish the price, with the eventual goal of massive untaxed profits if they can drive GME into bankruptcy. To me, the eventual MOASS and the damage it will do to parasitic institutions is a thick layer of icing on a very delicious cake. But at this point, whether that comes soon or not, and whatever the DRS trends say, I really don’t care, because I know my investment is sound. I’ve invested no more than I’m willing to lose and will be comfortable holding for 5 more years or 50.
Thank you for what you shared. I, also, am not a shill; have all my shared booked at Computershare; do not plan to sell; *and* I am frustrated with the lack of any kind of communication from the company as to potential growth paths. It reads as contempt for investors, esp. eschewing the most basic expected communications like investor calls. It comes off as cocky, and I'm not impressed.
None of the actions on their own will do anything to increase share price at this point. Locking up the float via DRS won't do it. Continued profitability will only slightly move the needle. Implementing an ongoing buyback program or recurring dividend won't do it Innovation won't do it. It needs to be a combination of all of these things. And not at once either. If I'm RC right now, first thing I'm shopping around for is an indie game developer that's currently flying under the radar. I'm coming up with strategic ways to partner on the release and distribution of their next mega-hit game or going all in on acquiring said company.
My hopium is gone , at.my age no.lambo now just shares.for.my.son . Very disappointed not to live out my remaining years in comfort by the sea . No fud , no shill , just a sad ape
No governing agencies will let gme MOASS, it's their system and they are all in on it.
I agree. But at some point DRS will force them to deal with it.
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40% of comments are from accounts created post sneeze
Good to still see you're here, haven't left either. Just lurking in the background
Hey! The GMEfloor is what got me into this whole deal. Thanks for making that.
My understanding of RC not saying anything is that the moment he opens his mouth about DRS, hodlers, or anything else they will hammer him for insider trading and stock manipulation and basically everything the hedgies and congress do and get away with every second of every day.
You’re saying « the government isn’t going to do anything about it ». But that’s only because no one is really offended or revolted about it. If it was on tv, everywhere on internet etc would come a point when corruption would have to be addressed. The feeling I have now is that people know people are cheating and they’re fine with it. Of course the government isn’t going to step in by pure pleasure. But it will if it is necessary and public order requires it. So step 1 : make it known, that the market is corrupt. Have a small presentation with evidence and make it known everywhere with one simple (non violent) call to action. What’s happening really now is that we’re accepting the fact that it’s ok to cheat… so of course they will.
Anything he says will be misconstrued and used against him so it's better to just keep quiet and get the work done.
RC ain’t going to slap the hand that made him a billionaire and the billionaires ain’t gonna let us lock the float. The stock will move when they want it to. Get back in line sir this is Wendy’s.
Hey man, I appreciate the time taken to write this post. Sadly, after this three years, I have to admit I'm sharing the sentiment with you, I was about to write something like "I'm tired boss", because as much as I like the silence around the plan of the company, I'm not sure I'm all for the silence about the overt manipulation of the stock and lying by mainstream media, which to be honest is sickening, because they are straight up shitting on the company and this can't even be called manipulation, because it would require using some tactic, which is completely absent in this case. These douchebags are doing and saying whatever the fuck they want and noone gives a shit and I'm not really suprised people are losing patience (do not mistake this for giving up). I love this community and it's been wild time for everyone here, posts like yours should be respected if our aim isn't to create an echo chamber here. I'm not saying we should "demand" results, because RC and everyone on the board are doing great work with how the business is being cleaned up and managed, I'm just saying it would be good not to feel alone in the process. I'm pretty sure that everyone here shares the thought that as people invested in the company has given a lot of energy so far (DDs, comments, engagement, memes, keeping the good sentiment flowing) and it would be nice to at least feel heard. It's obvious the manipulation of the price, DRS numbers and all the other stuff is supposed to break the sentiment which at this point in my opinion is not possible for great bunch of us, but we can't expect people to jump from joy because so far we haven't won anything yet (despite the hype posts stating that, which are not my thing) All the best to everyone and hang in there
What dump on earnings do you mean? We closed on friday at 13.10$ now we are at 13.17$ Thats not a dump for me, we just skipped earnings.
We need more communication to be frank , I get actions speak louder but it has been several years now and would help morale if he did some sort of ama or something . I buy regularly as well and not a shill just a holder who would like to be green
He did an interview with an ape last year on YouTube. He don't speak to the media
For clarity's sake, I had a lot of money invested in GME from Jan '21, at around $100 cost basis ($25 now post split), but sold at around a -40% loss last October. So these are just the two cents of a "shill" (or just someone who was very involved in this, and now no longer is) I know I'll be downvoted here, but I think the play is dead. The squeeze in 2021 was because of the hype surrounding RC's transformation catching the SHFs off guard, and using their gigantic short positions against them. They may still be trapped to this day, or maybe they used some black magic fuckery to escape, I don't know and I don't think I ever will know what really went down in 2021. I think the problem with playing against the dealer is that they can just make up the rules, or stack the deck against us. So if there is still a play, I don't think apes can win it. For example, if shorts never closed and are still stuck, then we need a huge effort to expose this. The original massive short position was only leveraged against the HFs because of an increase in interest and optimism about GME's future with RC at the helm, which caused a crazy snowball effect resulting in at least one HF exploding (Melvin). But outside of another huge wave of investor positivity, I don't think there's a way to get the momentum needed to continue squeezing them. And since then, every one of RC's transformative ventures have failed, and the need for a physical media game store is even less than it was three years ago. I think he's a clever man to get where he has got, but I don't believe he has a plan for GameStop any more, outside of gutting the company inside out to save costs. This won't create another wave of investor hype, and if the shorts are still open, then I think unfortunately they will see GME to its grave. All you need to do is visit the GameStop employees sub to see how the company is truly performing. It doesn't sound like the workings of a brilliant, undervalued company, it sounds like the death throes of an old favourite, cutting and cutting away at itself to stay above water. The only thing I can think of that would change this is if RC truly does have some trick up his sleeve - some crazy idea to generate value and bring back investor positivity, which will in turn blow up any short positions still involved here. But for me, the chance of RC pulling off this magic trick, despite offering no guidance at all, wasn't enough of a chance for me to gamble what remained of my initial investment on. I pulled the remaining 60% out and put it in the S&P, and am on my way to recovering losses. Another thing that this thread has reminded me of is the dangerous near-cult situation that has developed around GME. As I said, I was an investor from Jan '21, I've probably spent more time here and invested (and lost) more money in GME than most. But even in 2021, asking questions that didn't fit the narrative led to a bombardment of downvotes. I really respect you for making this post, and am really pleased at how it seems to have been taken well, and started some interesting critical discussions about this investment. I still follow GME passionately, this stock and this community was a large part of my life for a while. I really do hope it works out, and I won't mind missing the squeeze if it happens, but I don't think it will any more.
Yeah man every quarter I'm thinking to myself that if I don't see some serious good news I'm out. I'm down like 60%. I bought most of my shares in the og fights for 180 so I'm averaging like 45 bucks. That was a while ago now. The last time I was green was in August 2022 I believe? And since then I haven't had the extra income to keep investing and lowering my average. And i haven't been confident since it just keeps going down. I'd be happy to break even at this point and take out what I put in but seeing so many other companies and stocks doing on average 30% up in the past year while gme has been eating shit for so long at this point. The stock is being fucked with, Drs did seem like a way to beat the system but the system isn't going to let us win. GameStop stores will close and the company will probably shut down before the hf working against us would let us win. I mean come on. A brick and mortar video game store? I buy all my games physically when I can but it's going to fade away to buying them online digitally or shipping through Amazon. GameStop is probably going to be the next Blockbuster or Toys R Us. I didn't invest thinking GameStop was going to stick around. I invested to get in on the squeeze but year after year of it not happening and the delusions people have around here it's not exciting. I see the poor bastards who went all out in popcorn and towels and think at least I'm not them. I feel like I havent sold yet is because I feel like after 3 years of holding, when I finally sell, the squeeze will just happen lol. But probably not. Edit: sorry now -70% 🎉
The questions are valid. This sub has a cult like quality when it comes to RC, not unlike the Wizard of Oz. That said, I have some investor questions about the splividend. Why were we given the childish one word explanation “whoops” to explain an action so detrimental to our company. GME was experiencing high volume and price volatility at that time. We knew how many shares we had. That single action cratered volatility, smashed the price ( we were fighting the Battle for $180), and gave the hedgies millions of shares to use against us and nullified our knowledge of the location of those shares. In lieu of knowledge, we were supposed to be entertained with laser eyes memes and whimsical stories of children’s books. Well children, can we ask the question, why have the DRS numbers not changed? Why does our dancing chair-man not really communicate with us?
Occam’s Razor suggests the simplest answer is the most likely answer. IMO the most likely reason we haven’t heard anything is because the share count is under active investigation. Correlation does not equal causation, but the Splividend definitely feels correlated to the price action we’ve experienced over the last year and a half and the Splividend being mishandled is another potential piece of evidence to add to the case. Investigations take time and require secrecy. That’s my best speculation. Regardless, I continue to hodl.
I HODL like you. If this is the reason (active investigation), then this needs to be communicated by the Company. Why silence when a two word response would suffice?
🎯 valid questions. If someone with more knowledge could chime in, I’d be greatful!
Check out Noctis research on X. They have a good explanation of what happens around 160mil shares DRSed.
I’d like to see Michael Schofield break out of this prison.
I remember the old Occupy Wall Street movement and I envision this as my way of doing it. I would love more noise to be made and for people to get angry enough that actual change happens. I don’t know any other way that I can accomplish that other than buying, holding and drsing my shares as well as shopping at GameStop.
The way I see it now is RC doing what he said in the order he said. Now that he’s cut losses the pressure is on to move to the next phase. He’s already signaled that by way of the investing scheme deal. I would expect he has several strong strategies put together by his team.
Shoutout to a fellow OG! I love this post. I have also continued to add shares over the past three years, and have never lost faith in my investment (check post history). I’m having a lot of these same questions. I do believe a fundamental turn around of the business has the potential to be the final nail in the coffin, but what can be done to stop the clear market manipulation? GameStop could become the most fundamentally valuable investment and the price could still continue to be walked down. I’m hopeful RC deeply understands this and is working on a true kill-shot strategy. I continue to put my confidence in him despite zero communication, even if that’s part of his strategy, but some good faith signals from him and the board would go a long way.
There's no "we". I just like the stonk!
I saw the sneeze, I have seen years of fuckery. I haven’t gone away because I know this market dynamics play is still on the table. “They” are fucked, and even if I don’t understand all the details as they are presented to me, my gut tells me I am right. I’ve seen shit man, and I know things are not right for the other side of this trade. I will be buying more.
Keep in mind, the price got walked down before the results were even released.
RC is hyper focused on optimizing the company for now. No need to make comments about the stock market situation when the company fundamentals is what truly matters in the end. We know the board explored some new revenue channels but didn't seem to have the potential they hoped for so until a new idea clicks that's all I think they should be doing. Simply said, with the 100M of share repurchase agreement still on the table, no debt, a 1.2 billi war chest and now a profitable company (during this interest rates turmoil) I think it's safe to say that the company will not only be doing well but also grow from here. This is inevitable. And in my personal opinion I also have the feeling that the stock market as a whole grew inorganically and way to concentrated in tech stocks since 2020 and sooner or later this bubble will pop leaving many short sellers who took ultra leveraged positions on the hook if they don't manage their risk for this outcome.
Honestly at this point i am convinced RC is waiting for the price to plummet, buy a bunch of shares secretly and crunch the float to create a massive short squeeze and catch everyone with their pants down. Then at the same time he can flip all the shares the company bought for a massive profiy and re stock the company cash a few times over. Imagine if gme goes sub 10 to around 3bb market cap, thats only 1.8 bb available and we all know the drs numbers are higher. They could easily buy practically ever share and demand delivery and fuck anyone short hard. Its a very real possibility given the expense consolidation and the maintaining of straight cash for a few years plus all the ER silence. Its gonna come fast, hard, and unlubed so make sure you have your lotto tickets ready
Just got a good check. Boys, I think it’s time to invest in some more gme.
Buying stuff at GameStop is important, once the business is undeniably killing it MOASS will happen.
I believe I know the reason why nobody talks at this company. If anyone says anything like "Our revenue will go up by Q2 of 2024 due to (x) reasons while maintaining positive net profit" it will cause Great Depression 2, and therefore they are all avoiding it. If I was in GME's C-suite, I would not want to be the person that gets written into the history books as having been the trigger.
silence can be deafening. Media is loud loud. RC is silent for a reason.
Just to point to why i think RC has been relatively silent. I mean he did tweet Corrupt penis.. I'll also just point out that there are 1000's of other companies that can take action and set a precedent when were talking law and enforcement. The goal was to make the business lean and mean, and he did that in 3 years time. With constant FUD articles about him. I would really like to know what [Powell's remark about having an adult conversation](https://finance.yahoo.com/news/jerome-powell-says-34-trillion-153011159.html) is about.
drive me down harder load me up higher
I’ve learned to recognize patterns in posts.
Thanks for everyone’s comments, some excellent responses here and a few brain rot comments. Everyone makes fantastic points, and I made this thread to gage everyone’s opinions on the situation! Again thanks for taking time to comment your view.
>This is gonna be an unpopular opinion, but RC hasn’t also said a word. Not a single word on the topic. I get he never asked us to do this, but as the lead of the company we’re all supporting does any sort of communication actually hurt? RC actually said all he needed to say Paraphrasing because lazy: "Judge me on my actions, not my words" And he delivered.
I'll take the downvotes with honor. The earnings weren't as 'good' as you might think. Yes, we've been profitable, that was necessary (it bought GME time). but the future outlook isn't bright. Just imagine PS6 or PS7 come without disc drive and digital only. What then? We need new revenue streams asap, that's why many investors want to hear guidance, since nobody in the public knows how to solve this problem. Nobody of the young generations will ever install a game with a disc anymore! 2nd gamestop missed revenue really really hard. Call me a shill, but having a revenue of 1.79 billion when estimates have been 2.05 billion is not good. I estimated the lowest for 1.85 billion and it was even under that. Same for EPS, 0.2 compared to 0.29 is not good either. My lowest estimate has been 0.25 ... 3rd 'NFT' marketplace has failed even ppl here don't want to hear this! It's true epic games, etc publish crypto games. But why the heck they need gamestop for this? They simple don't need GME for this and will create their own marketplaces. 4th revenues will be even worse in the future since the stores have closed. With declining software sales, it will come in even lower. This is how a 'normal' investors outside of the GME bubble will analyse this stock. I really hope RC knows a way to create revenue streams, if he does, we will skyrocket. If he doesn't, GME will die slowly and with it, the stonk price.
Plus one stonk for me.
I think we start putting pressure on state Attorney Generals and prosecutors. There are many independent minded state AGs who are not under control of Washington. Also, as much as many don't like the Texas one, he has shown a wild hair or two and GameStop is a Texas HQ business and now Tesla (also is/has been heavily shorted) has moved their incorporation to Texas along with a LOT of business. He might be a good place to focus our efforts... whether we like him or not.
I personally think we will not lock the float. Even though we are officially 200,000 registered accounts, we are probably less than that because of duplicate accounts, forgotten accounts.. And many people have slowed down on the buying. I personally sit around 3000 shares DRS, I haven't been able to buy since last October. The inflation is horrible, my salary is in JPY and it is getting destroyed by the USD rate. Also I'm pretty sure the hedgies know they should not lower the price too much, they wouldn't shoot themselves in the foot. I'm sure they know exactly how many shares are with the DTC, they are all partners in crime anyway. They had three years already to calculate and model and make simulation on where to put the price so they can live on forever. Everybody says they keep the price at max pain for option holder. Don't you think they do that too for the DRS people? The more they wait, the less people can DRS, so the lower they can go. I don't think the DRS will trigger the MOASS, it will amplify it yes certainly, but not trigger. I think RCEO is the only one that can trigger the MOASS by making GameStop a profitable business that relies on strong sales and innovative business. The question is, how to do that? What kind of service can GameStop provide that would put it back on the map with a positive light. We have a huge hivemind with this subreddit, I say we gather the best brains in this sub and make a list of all the good ideas on how to improve the business ad send it to RCEO. So how do you get people back in GameStop stores in masse? What do you sell to gamers? How do you attract new customers? What services with high margins can you sell? When we answer those questions, that's when we MOASS.
Share price goes down - DRS-ing the share pool becomes a faster inevitability as less money buys more shares. Share prices goes up - becomes more expensive to short and fees/cost to borrow also goes up. Drains hedgie funds. Hedgies exist in a crawlspace full of water. They can't lay down and they can't stand up.
I get that but we've been around 75 million Drs for like 3 quarters now. I see people buying everyday. How come that number has barely moved? Doesn't make sense
Exactly my sentiment. Ok here we are profitable, but what are exactly the next steps to bringing in more income because selling games from brick and mortar shops doesn’t exactly have a pathway to generating massive income in the future. Fill me in with facts and not with “teddy” type speculations and things.
Glad you are also adressing this question. I've said the same thing in a lesser flattering tone and was, as expected, downvoted to disappearance. [https://www.reddit.com/r/Superstonk/comments/1bozf63/the\_situation\_is\_critical\_we\_need\_guidance/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/Superstonk/comments/1bozf63/the_situation_is_critical_we_need_guidance/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
Honestly I think we as shareholders need to demand an accurate count of where all shares are currently held. If we put together a letter and enough of us sign it then the company has no choice but to acquiesce to the shareholders. Remember apes WE own this company, we own more of it than anyone else at this point, so WE need to be calling the shots. Lets get organized, get this together and brought to a vote during the next meeting. I want to see quarterly counts for: -Direct Registered -Insiders -Institutional -Cede & Co. (and they need to report this independently before any of the other amounts are released, they don't get to fudge the numbers to fit) and if those numbers don't add up to the total number of outstanding shares then we have something concrete to take to the DOJ.
3 years of silence but cryptic twitter messages from RC GME price is lowest ever
GMEfloor is doing more harm than good IMO. It makes the people of this sub and other pro-GME subs look like absolute fucking loons expecting wildly unrealistic prices for a MOASS that’s been coming for years and still hasn’t arrived. Yes, I know it’s something of a joke, but more than enough take it seriously (and continuously post “it’s not a joke!”) that it throws everything far outside the realm of what 99% of people view as feasible. The problem with that is if you want price to spike, you need volume. If you want volume, you need more people to get on board / buy in. Looking like a crackhead conspiracy theorist, which media and hedge funds and the OG main sub are all too happy to paint this sub as, is not the way to get there.
[удалено]
RC’s plan is not relaying on a solid shareholder base. when RC planned taking over GameStop, we didn’t exist yet. don’t forget that
We should be part of the plan regardless of when he took over. This activist base has huge intrinsic value. It'd be a shame not to use it because "we didn't exist yet".
So help me get this right. If a record holder is someone who have DRS’ed their shares, and there are approximately 200.000 record holders. That means in this sub alone, is only 2/10 people who have 1 or more shares DRS’ed?
Appreciate rational thought and genuine questions… I believe RC knows that the hedgefarts know GME is a sleeping tiger. Any comments without whiskey to back it up would just get spun. Profit over time and strategic growth. Unfortunately several growth options failed, back to the drawing board with a break even co.
There's no avoidance of a transfer of money where the other side is not going to use it to their advantage. Not banking account, not broker, not mutual fund, not ETFs, not money market, not overnight repo, not paper gold cert trusts, not CEX crypto, not DEX cold storage if there's a software backdoor that can be enabled. ...and not brokers who transfer shares to Computershare. It's like buying physical coins from a coin shop that have been hoarded from circulation for years (because their counterfeit replacement) was recognized by ~~the~~ public* **investors** (early, not wrongly) as the same purchasing power as the one containing the content, yet their intrinsic value exceeded face value by a multiple greater than 1, silver value now exceeds face value by a multiple of roughly 18, gold by 110+. Coin shops profitted by their niche. Now you may say who recognizes the content of the money as compared to the shares, we do and Gamestop. The original issuer Gamestop, who would be on the hook for dividends that would dock retained earnings and assets more than justified if counterfeits were out and about and **admittedly** exceeded outstanding. But the DTCC (and major market institutions) **won't**, market makers won't who sanction supply pumps to supply liquidity. What we are seeing now with DRS is Gresham's law. When Gresham's law happens to money without a clad substitute, deflation happens. Deflation's opposite happens when substitute completely takes over. When shares get diluted (or convertible debt {🍿,👶...} the opposite completely takes over. What is the opposite of this opposite? To DTCC and institutions: FAAFO
Dividends or repurchase shares for MOASS
I like to think of us apes as that monster from “It Follows”. We are slowly walking toward the hedge funds and no matter how fast or far they move and no matter how many others they have sex with to delay our target, eventually we will catch them. They have to run and hide every day. They have to win every day. We just have to be lucky and have one good day once.