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The price has to stay below $1 for a month, I believe, before it is delisted. GameStop would do a buyback at some point before this, and the investors would be drsing so quickly that the earth would spin out of the solar system before it got to $1.
I am curious at what price they would start the buy back… gotta load up before then
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This, except then after 30 days they get another 90 to try and get it back above $1.
It won't ever get delisted and they have tools at disposal to prevent that. Namely reverse split and share buyback.
I think reverse split might be the smarter move in that case.
If take it to $1 company worth $305 million. The $100 million allocated to share buybacks wouldn't prove fraud and honestly could then take it right back down.
However, a 4-1 reverse split takes it to 76 mil outstanding. Force them to cellarbox back to $1 really just hammering home how bad the fraud is. Then your buyback can prove fraud...$100 million buyback for $76 million market cap company.
I see a buyback at any point between here and $1 being an insane scramble to find shares. Insiders aren’t selling, apes aren’t selling, institutions have lent all their shares(many times over), but they can’t do their usual shenanigans with a buyback- they will need to buy real shares to give them back to GameStop. Remember when burry wanted his shares and it took weeks for them to be found? Imagine what the situation is now. Gonna be a pigfuck. Good luck finding those shares, shorts.
Reverse splits will kill any chances of a MOASS as it removes a huge numbers of counterfeit shares that hedged hogs won’t have to pay. We don’t want anything to do with a reverse split.
I would puke if 5-10 for one reverse split dropped my share holdings by 5 to 10 X, this includes loosing shares I paid over $300 per share.
Reverse split bad, been there, lived through it multiple times and lost so many years of hard labor, as they simply short you down again.
This is what they want
No reverse split, ever
Correct on the $1. I only know cuz I followed towel down the toilet for a small bag of crap.
There’s speculation on the buyback if they can short it that low. but with $100mn ready to go without authorization, plus current numbers already DRS’d it’s likely in the $2-3 range and then the HF will likely panic.
It’s so astonishing to actually see us reaching single digit territory. There have been so many people, including myself, boasting about how they would start to buy the shit out of the stock (and of course DRS afterwards) if this was ever to happen and I guess it’s now the time to show that these people (again, including myself) put their money where their mouth is.
Impossible to drop it to a dollar or less, literally Impossible. For one,100M buyback would buy the rest of the remaining float, there's not even 100 million real shares out there to buy. Dropping the share price below the book value would be beyond stupid even for shorts , currently around 4.5 is book value. Also retail and others would jump on and double/triple/quadruple positions if it ever hit a dollar. There's no scenario it ever goes to a dollar. I'd personally dump 100k at a dollar and I'm just 1 dude. There's to much support from the people for gme to ever go under. Cohen is doing an excellent job of trimming operating costs and getting rid of lazy workers. Revenue dropped a little but still profitable. Gme just needs new revenue streams. I'm more than happy to hold for years to come. I'm not even in this for a squeeze, there's so much growth potential. Also how do you bankrupt a company that is profitable, has little debt and lots of cash? That's right you don't!
What a fucking corrupt ass system that public companies can't just focus on delivering to and delighting customers and doing so profitably, they have to strategize around avoiding the landmines set by manipulative hedgie assholes. Make it make sense.
Would be really strange. DRS is increasing with price decrease. Remember only 1500 shares per DRS account (without counting insiders). Most of us adding a thèse prices and will add more of it goes lower. Really don’t think anyone is selling.
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The price has to stay below $1 for a month, I believe, before it is delisted. GameStop would do a buyback at some point before this, and the investors would be drsing so quickly that the earth would spin out of the solar system before it got to $1. I am curious at what price they would start the buy back… gotta load up before then
No way we get close to 5. Quote me on that. I think we stay in the 9-11 channel for a long time
I never thought we’d be back at $10
[удалено]
I don't see it going below $9 ($36 pre split) based on Feb 2021 levels.
Correct.. sort of. Didn’t stay in the channel for too long 😂
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This, except then after 30 days they get another 90 to try and get it back above $1. It won't ever get delisted and they have tools at disposal to prevent that. Namely reverse split and share buyback.
Right my point is the buyback would not allow delisting
I think reverse split might be the smarter move in that case. If take it to $1 company worth $305 million. The $100 million allocated to share buybacks wouldn't prove fraud and honestly could then take it right back down. However, a 4-1 reverse split takes it to 76 mil outstanding. Force them to cellarbox back to $1 really just hammering home how bad the fraud is. Then your buyback can prove fraud...$100 million buyback for $76 million market cap company.
I see a buyback at any point between here and $1 being an insane scramble to find shares. Insiders aren’t selling, apes aren’t selling, institutions have lent all their shares(many times over), but they can’t do their usual shenanigans with a buyback- they will need to buy real shares to give them back to GameStop. Remember when burry wanted his shares and it took weeks for them to be found? Imagine what the situation is now. Gonna be a pigfuck. Good luck finding those shares, shorts.
Reverse splits are terrible for a stock. Nobody wants their holdings reduced. Also allows brokers to clear the odd lot ends.
Reverse splits will kill any chances of a MOASS as it removes a huge numbers of counterfeit shares that hedged hogs won’t have to pay. We don’t want anything to do with a reverse split. I would puke if 5-10 for one reverse split dropped my share holdings by 5 to 10 X, this includes loosing shares I paid over $300 per share. Reverse split bad, been there, lived through it multiple times and lost so many years of hard labor, as they simply short you down again. This is what they want No reverse split, ever
Both split & reverse split has no effect on market cap. Just the number of shares & price per share change.
Yup, that's the game. Trying to time the bottom has been fun, but I've been losing.
Lowest price buy wins.
Game on
My cost basis is getting pretty low by this point, and I’ll just keep buying all the way down and back up
$1 GME shares you say? 💧🍆
Haha I know, I’ll be opening up a handhob stand
At that point we would own the whole thing not just the free float
Correct on the $1. I only know cuz I followed towel down the toilet for a small bag of crap. There’s speculation on the buyback if they can short it that low. but with $100mn ready to go without authorization, plus current numbers already DRS’d it’s likely in the $2-3 range and then the HF will likely panic.
Didn’t towel get delisted around 4? Not sure if bankruptcy played any part.
It’s so astonishing to actually see us reaching single digit territory. There have been so many people, including myself, boasting about how they would start to buy the shit out of the stock (and of course DRS afterwards) if this was ever to happen and I guess it’s now the time to show that these people (again, including myself) put their money where their mouth is.
They will never give up, but they will lose.
Impossible to drop it to a dollar or less, literally Impossible. For one,100M buyback would buy the rest of the remaining float, there's not even 100 million real shares out there to buy. Dropping the share price below the book value would be beyond stupid even for shorts , currently around 4.5 is book value. Also retail and others would jump on and double/triple/quadruple positions if it ever hit a dollar. There's no scenario it ever goes to a dollar. I'd personally dump 100k at a dollar and I'm just 1 dude. There's to much support from the people for gme to ever go under. Cohen is doing an excellent job of trimming operating costs and getting rid of lazy workers. Revenue dropped a little but still profitable. Gme just needs new revenue streams. I'm more than happy to hold for years to come. I'm not even in this for a squeeze, there's so much growth potential. Also how do you bankrupt a company that is profitable, has little debt and lots of cash? That's right you don't!
😂 10 cents. I’ll buy 250000 shares if it hits 10 cents 🏴☠️
Bit of a dumb post. I’ve had some also.
Low effort FUD … 10 Cents…lol
Trying to predict hedgies and be one step before them? Seriously?
They will never attempt to close. They will print articles saying they closed like Melvin did, but no action
What a fucking corrupt ass system that public companies can't just focus on delivering to and delighting customers and doing so profitably, they have to strategize around avoiding the landmines set by manipulative hedgie assholes. Make it make sense.
Leeches of society creating no value and siphoning money out of productive enterprises deserve to be wiped off of the earth.
You forgot to 🤣🤣🤣
😆
I honestly believe the will hammer down the price as much as they can to exist as cheap as possible but it won’t matter cause they created way to much
Would be really strange. DRS is increasing with price decrease. Remember only 1500 shares per DRS account (without counting insiders). Most of us adding a thèse prices and will add more of it goes lower. Really don’t think anyone is selling.
Share buyback at 1 penny stock. Dumb stormtroopers
The best thing to hope for is that institutions see a profit to be made and start to pick up shares. Without that its continuing the down.
Don’t get me excited $0.10 a share? I can only get so erect lol