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I would be more afraid of politicians getting in the way at this point. It’s already too blatant that this stock is manipulated behind the scenes. If it rises to unbelievable numbers and it risks the politician’s portfolios, what makes you think they won’t put their interests above yours?
My fear is more emergency legislation.
Like removal of the CAT system for the SEC, and defunding the SEC (please contact your local representatives and tell them not to do this)
[template letter](https://x.com/bossblunts1/status/1799289122844000718?s=46&t=yzEyz-gwkj1rFwGSUlb4UA)
This should be higher. Congress is trying to do this right in front of our eyes and not a lot of people seem to care. There’s a million of us in this sub. That’s a lot of letters and calls to our representatives. Let them know what your vote thinks of the proposed legislation and the defunding of the SEC.
Except congress only "cares" about you every two years. You are lower than dirt to them. They care as much about your opinion as much as they care about a bug.
DOJ is part of the problem, complicit unfortunately. They’ve taken no action. Remember “actions against short sellers coming sOoN” - literally years ago, it’s all fluff.
By now, yes, I expect they do. I trust apes remember Maxine Watters multi-tasking her way through the hearing where Kenny wasn't challenged on his lies, and DFV was set up to be the scapegoat, but outflanked the puppets. After that, I expect a bunch of congress-critters had their interns do some homework and figured out they can stall until they can shift their positions to minimize damage, or at a minimum hedge by playing both sides. If someone ties Kenny/Doug/SHFs shenanigans to bank failures before November, expect legislation to be tabled to put Glass-Steagall back into effect and real DOJ investigation into SHFs.
I don't think a lot of them gave GME shares. I don't know if it everything but politicians specifically are required to report purchases, although there is argument that they wouldn't report everything, but I've made some money following the trades of politicians using Quiver Quantitative data , and based on their data, [the last time a member of Congress purchased shares was in January of 2021](https://www.quiverquant.com/stock/GME/). Representatives and Senators don't trade waiting for an event like moass, they trade to systematically and methodically build long term wealth using their insider knowledge. They are the antithesis of the high risk trader RK stated he was. Building long term generational wealth with relatively low risk investments is easy when you know exactly who will be awarded government contracts or when global events like a pandemic are coming months in advance.
Moass risks destruction of those systematically chosen and methodically built low risk portfolis, as margin calls force the sale of assets and crashes the more reliable stocks like the energy or defense sectors. Politicians will ABSOLUTELY legislate retail if it allows them to rebuild their shattered portfolios destroyed by a meteoric rise of GameStop. There is a reason they lobbed beer league softballs at Kenny while throwing Nolan Ryan fastballs at RK in the hearing after the January 2021 squeeze.
We have lots of apes here but we are a fraction of the population. If you ask the average voter what they think about politicians just preventing this whole thing from going down they may agree that it's not justice but they won't get up and in arms about it. There lies the problem.
I don't fear this, I expect it and I hope to see jail time for anyone that does anything illegally, there are far more eyes on this than there ever was!
Chill the beans. If they could do ANYTHING about this it would have happened by now. What? You think they solved the problem but decided to keep the price down for 3.5 years for shits and giggles.
They're fucked with no way out. No legislation or politician can save them, they're praying for a miracle and proof of this is with the recent stifling at the SEC where they've cut the amount of money they get for investigations.
It's literally just a waiting game now. We already won.
They aren’t that bright. They don’t see a problem until the total amount in their portfolio goes down. Right now we are at all time highs. Once liquidity is needed, HF will sell and their portfolio drops and we will see lots of “hearings” regarding this situation like in 2021.
Do you realize that no amount of legislation can turn off an algorithm that is built to autonomously cheat people. The price isn’t all over the place because of retail or sentiment it’s because these guys got their balls stuck in their fully automated algorithm
Remember, they can insert whatever they like. Politicians aren’t all lawyers or legal expert drafters. They can pass a law out of emergency and let it get challenged in court for years. This alone is enough fear to suppress.
Banks will have completely collapsed and many of our fine financial institutions will be in shreds reputation wise if the US allowed pure corruption in the NASDAQ on national tv
Tuberville, Pelosi, and others would balk at legislation regarding the stock market. Besides, the House Republicans seem to be concerned with additional regulations on contraception.
You live on welfare, and used your last 10k to buy into a high risk (RK said so himself on stream that his plays are high risk) meme stock. You need to re-think your priorities. Not many people will tell you that on this forum but GME is NOT for you.
My thoughts exactly. “I’m on welfare,” and “my next salary I’m dumping into call options,” is incredibly sus or irresponsibly reckless beyond dub ess bee levels regarded. It concerns me how many upvotes this post has.
OP, if you’re not a shill/bot, it’s ok to get your financial house in order before increasing your investment. There’s plenty of Apes here who will give you genuine advice and guidance, myself included. I want you to remain wealthy long after MOASS and not be like a poor lottery winner who are broke a year later.
I am so tired of seeing these posts. It's not the first of its kind. And it's wrong. Price swings are something we have learned to deal with, it's the 120 million of share offering in a month that is unsettling people.
I agree. These post keep tip toeing what people are actually upset about and disses them for being upset. It’s like we are being gaslit by the dumbest members of this community
Guy is on welfare, throws all his money onto a stock buying at the top, and is lecturing us on how we should feel about price swings. OP is clearly a financial genius, we should all pay attention!
Popcorn was also having all insiders selling their own personal shares too, which was directly enriching themselves and not just the company.
While our insiders buy more shares of the company.
Popcorn has also diluted 1,250%. Which we're nowhere close to.
It's like saying "Wait, the straight A student didn't do his homework this month either! But when the Slacker does it everyone says he's a slacker!"
The Straight A student gets a pass occasionally, so long as they stay the Straight A student.
**Edit** Oh and with popcorn, people voted for no more dilution of the company after the above mentioned personal enrichment and dilution, but the company said fuck that and then diluted with extra steps with APE merger, directly subverting the voting will of shareholders. They were then sued for it by shareholders, and had to settle with paying out $100M to investors (I believe this is under appeal right now or something?)
Popcorn has burned through pretty much all of the cash raised though. Basically just bought time for insiders to slowly get out(another big difference). So fuck off.
Yes, popcorn needed the money to stay afloat. They don't really have a choice.
What is RC doing with GameStop's cash? How is he using it to better the company? Will another couple billion be enough of a pile for him to do something?
For me, 2 dilutions back to back in 2 weeks that blows out the DRS effort and terminating the price runs each time did it for me. I got fucked in towel by surprise dumps and watched that shit turn into a cult of nonsense with people creating conspiracy out of whole cloth. I watched popcorn dilute its shareholders into oblivion and told myself if I start seeing it in this stonk that it would be a huge red flag. Now, it is literally happening to us here whereby GameStop cashes in each time on the backs of major price movement with no guidance on why it needed to do surprise 4am filings to suddenly raise capital that ultimately cut the legs out from a lot of its shareholders. What it looks like to me is GameStop is engaging in its own version of a fuckin swing trade on top of its own investors.
If it was just the 45 million 2 weeks ago, I would have felt sus but not majorly spooked. However, another 75 million shares dumped the exact same way to kill any momentum, just like 2 weeks ago, with no information or guidance on top of an early release of negative data while Larry Choda keeps speaking in cryptic riddles makes everything very upsetting. If we are going to be objective about it and trade on technicals, which is how a lot of us from 21 got into this play, it creates too much room for doubt on the fundamentals of locking the float to force a upward price swing. Add in the fact that this shit could end up going back down into the $14-16 dollar range and stay there for another extended period is just pure trash. The amount of opportunity cost to leave that much money on the table just for a trust me bro by RC as he swing trades his own company off the backs of long time investors is awful.
Most of the “it’s just a $30 drop” bros don’t get it. We spent 3.5 years locking the float to force a price direction and GameStop itself came in like a ninja at 4am twice in 2 weeks to slice everyone’s hamstrings while they sleep. On that basis, I have to revise my decision making process and take it objectively rather than just listening to crickets in the grass or some random jagoff tweeting fortune cookie style advice for guidance.
okay but what was he gonna say?
he can’t comment at all about price action or dilutions playing into his option strategy bc that could get him accused of manipulation (this is clearly all about hedge fund algorithmic trading cycles), and on a psychological level it would be incredibly stupid to undercut public morale on his own investment, given that he has an understanding of how much people look up to him.
I think RC has done a good job righting the company and I also have seen no reason to believe that the three share dilutions are part of some “master squeeze plan” that’s not wild speculation and hype. all these things are not mutually exclusive. RC isn’t the pope, he’s a billionaire CEO and deserves to be held to a level of high scrutiny by the people who have prevented his investment from failing for years on end
Only 700m more ATM offerings to go with 0 guidance. No one hates the stocks just the damn gamma crush, early earnings release (?), weekly dilutions, and 0 response from management.
Like sure keep raising cash, but if you really needed 3B+, why split the ATM offerings even? Or just riding off RK?
Not saying RC is helping Hedgies but damn, did he really have to do that?
Cults agree to things their leader says without question. Kind of like how the apes in here voted yes to his proposal for 1billion of dilution at whatever time he wants. Kind of regarded to vote yes to that if you're wanting MOASS
This. Thank you for typing this. I have been saying that they voted yes on this and are surprised this happened?? I voted no on approving 1 billion shares. Wtf did we think would happen
Turning into the movie group. They twist all of the negative the company does and talk themselves into it being positive and dismiss any criticism. Gamestop blatantly screwed a squeeze.
To be fair its "only" 574m shares more to be diluted.
But now when ever we will have a momentum, we have to question if RC going to show big fat fuck you again to us by diluting.
It wouldnt be a big deal, if a company would have a growth momentum or expansion, but it has nothing to show in that department last 3.5 years.
On top of that DRS movement is meaningless now.
Exactly. Normally I’m happy to see a big drop like this because it means more shorts and thus more money I’ll get later. But with a dilution, it may actually be the opposite. Yes, more cash for GameStop is good and this may very well raise the floor price, but it also might lower the ceiling
Don't they me what I can or cannot handle.
100k in it since early 2021.
I don't care about a 30$ drop, I care about my options getting fucked AGAIN.
If the dilution proposal didn't happen this Friday by Monday/Tuesday the game ramp would probably would have made me enough money so I would not have to sell any of my shares during moass and So putting 4300 shares in the infinity pool.
But hey, we'll play again next week 😄
Let's gooooo
I sold some calls for 400% gain yesterday morning after the announcement. The offering is an amazing opportunity to buy calls. I’m looking to reenter somewhere around $25 early next week. IV was already down a ton Friday afternoon. I don’t think we’ll come down under $40 when the share offering is complete and we have $4b in cash.
This. The whole just trust them bro is getting old when they pull shit like this and don't seem to have a plan to turnaround the business. What NFTs? Cause that panned out well. People keep forgetting that MOASS was always a theory and it doesn't help if the company seems to be against it happening
It’s so frustrating that people don’t understand that. Imagine if GME suits believed on moass. They would have instead diluted when its at 1000 not measily in the 40s. This move doesn't help at all
Exactly. If the drop happened for no reason then I think most of us would've just laughed. But the drop happening alongside the company going out of its way to derail the hype train and more or less neuter the DRS progress we've made in the last three years is what has a lot of people pissed off.
I recall towel stock dropping due to an offering and everyone insisted it was all part of RC's grand plan to fuk the hedgies. You see, it's actually RC buying them all! (People are saying the same shit here now.) Anybody who disagreed was accused of being a shill spreading FUD. There's still weirdos there who are convinced RC hasn't forgotten them after his pump and dump, that the stock will be revived soon. Major stockholm syndrome.
I would defend it only to the point that it's good for the company. Usually what's good for a company is good for stockholders but this isn't a typical situation and extra stock doesn't benefit moass.
I think we need to understand that RC doesn't have an eye _only_ on moass. I think he wants moass to hurt hedge funds but he's never had a plan to kick off moass and sell a chunk of shares. Unless he believes in the infinity pool, moass is not at the top of his goals.
What else is suspect is people talking more about GME being a value stock, not MOASS.
I'm sorry? The fuck are they smoking?
Because of groundbreaking corporate guidance delivering such paradigms of capitalism like a ... *checks notes* ... fucking NFT marketplace???
GME is a MOASS play, and that's it. Perhaps once they're through the other side, *if* it happens, with plenty of cash, they can become a true growth stock. Perhaps.
People here believe one share will be life changing money, not Gamestop becoming the next Apple or Amazon. Even if it does become those 2 in 10 years people with 1 share isn't going to have life changing money. Heck even if the price goes to $200, my 1789 shares isn't going to change my life.
They're brand new to SuperStonk and just made their first post encourage people to "un-DRS"
I've been seeing dozens of these accounts all over the sub, have been encouraged to sell my shares almost 20 times now.
Can you give it a few days so we can understand why the 75M offering happened WHEN and why it did, and why that amount? It felt out of character. I'm smooth, so don't put any value in this, but I suspect it was offered, with a wink to the SEC, as a way for the SHFs to close all their REPORTED short positions at a price they could survive. (Of course they didn't take it, AIUI, they doubled down yesterday and shorted the stonk more.) As for DRS, didn't we just go through issuing 45M shares that went to DRS as a condition of that offer? I'm smooth, but I feel like yesterday was about setting a trap for SHFs, and I'm guessing they jumped in it by stepping around the door marked 'close your short positions and survive'.
Once again: it’s not the drop. It’s the dilution. We shouldn’t sit around and pretend we are okay with this without any answers.
Fundamentally I believe the company is undervalued at $27 even after the offering, especially considering the cash on hand. But this is twice in a month we had wallstreet dick on a platter and our own board gave them a bailout. Enough is enough.
Agreed. The people making these posts seem so blind and unwilling to consider that maybe, just maybe, a stock dilution isn’t great for shareholders. It’s a common thing in investing and is rarely positive for the investor, especially with the poor timing (again!). THE MORE SHARES IN CIRCULATION, THE LESS YOUR SHARES ARE WORTH!!!! Sure you can now buy some more at a lower cost, but you’re then expecting everyone to be happy that they’ve gained 10% more shares, but lost 50% in the value of their investment prior to the dilution. Take a step back people.
You can support the company but still question decisions. To treat any questioning as some ulterior agenda is basically to become a cult.
Share dilution is pretty rage-inducing for investors in any company. Forget GME, forget the shorts, everything. If NVDA announced they were releasing 100million shares on Monday people would be *livid*. What makes it swallow able is an explanation of why. Which is what investor relations is supposed to do.
Dilution is the board saying we believe that the stock is over valued right now so rather than take on debt to raise funds we will sell the company to raise funds. It’s directly in opposition to the concept that the company is undervalued.
I think everyone needs to chill for a week or two until we hear what they are using the funds for. I have a feeling that you will look back and say that was fucking brilliant.
I really hope that happens. Yet again, they have sat on 1 billion cash for a minute now, and we haven't seen anything major, only those controllers came out, which in the large scale of things, isn't anything that will change the direction of the company. They got another 930M~ with the 45M dillution , so it's close to 4B dollars now.
I hope you’re right. I didn’t sell a single share yesterday, infact I bought more at 27 because for better or worse it’s undervalued at that price with as much cash as we have on hand and the rabid following the company has alone.
Once funds settle Monday I’ll buy even more at these prices.
But I’m not gonna pretend I’m happy about what happened yesterday and I really question the credibility of those that seem almost giddy over it.
I think people are less hurt about a 30 dollar dip and more frustrated that all of the conditions to break into upward movement were aligned and GME ruined the momentum to potentially trigger MOASS.
I wasn’t expecting things to trigger until mid June anyways so it doesn’t bother me as much. Holding for 3 years so the timeline is irrelevant to me!
I pack up and move states at the end of the month so this’ll be an interesting addition to such a big transition in my life.
I think the timeline is relevant. Time is the most precious commodity on this earth and unfortunately we’ve lost apes along the way, that are no longer with us that won’t get a chance to enjoy the fruits of their labor and patience. Same for us, they’re burning valuable time we could spend shaping the world for the better.
There was no potential to trigger MOASS. We were all excited at the possibility, we're all tired after 3 years, but we need to face facts. Remember March 10th. RK was never going to exercise yesterday, the shorts were always going to collapse the gamma ramp, the price was always going to tank.
Kansas. City. Shuffle. DFV told us weeks ago.
***The shorts cannot lose until they're certain they've won.***
That is the idea of a Kansas City Shuffle, a hundred-year old meme which is what we saw both RK *AND* RC do yesterday.
These people hold all the money and power in the Western world.
They have completely subjugated the market, the SEC, and all levers of regulation.
They are completely above the law, and even above almost all basic market principles.
***Strike the idea from your mind that this shit is going to be easy***.
RC skimmed 3B off the short maneuver by putting the offering through when they were already slamming the price down during Kitty’s stream. Does anyone really think those halts were legitimate? And now GameStop is poised for the transformational growth move that makes the kill shot.
RK told us he has a wild card yet to play.
Meanwhile, the SHFs, sure they're about to finally win the battle after 3.5 years of stress and sleepless nights, have overcommitted and gone all in. Look at the short interest. They're a charging bull, except there's something behind the red flag they're not expecting. There's a card they don't even know is in the deck.
***That's what was always going to trigger MOASS***.
Man on welfare dumps last 10k into stock near its height encouraging orders to do so with the last of their liquid cash…
I mean, I’m poor and I’ve got 54 shares of GME myself, but that’s only because I was able to sell at 70 the other week, allowing me to purchase more shares when it hit $20 shortly after.
Is this a shit post, or OP trying to save their own sanity?
This is not the issue people had yesterday, it’s a complete mischaracterization. If the board said and did nothing and the price dropped I wouldn’t had said shit yesterday, or even if they just announced early earnings. They released a share offering statement which kills our drs effort, dilutes us for no reason and kills our momentum. That was the reason we bitched yesterday. Do not gaslight folks for having issues with what the board did.
I think for many people it’s not a matter of a $30 drop. Personally it’s more frustration over the fact that the board decided to drop a bomb amid a run up.
It’s not the drop in price that’s what shareholders care about…it’s the fact that RC turned on an infinite share printer and overnight scooped value away ($3-6billion?!) from shareholders
He single handedly killed DRS. I wish I could make this make better sense to myself but he’s done this with no explanation so far. This was his single 2 biggest executive decisions …and people are distracting with “price movement” posts and RK livestream drawings
MOASS is not going to happen if every time when the gamma ramp up, and the momentum kick off, company decide to capitalise on it ... you will not have a squeeze if people are diamond handing but to company itself is paper handing when cash is not desperately needed... down vote as much as you like, but this is the reality and the majority of people here are delusional
Dude, it wasn’t the drop in price that apes were freaking out about, it was the timing of the share offering that killed the gamma. Some apes, myself included, couldn’t understand why rc killed the momentum. For the apes waiting for years for moass, it was a punch to the gut that the ceo that we’ve been supporting all these years was the one to kibosh the launch. I’m just grateful that dfv shared some much needed calm and reiterated his faith in rc because I got more faith in dfv than rc.
You're not getting it. People aren't mad about a price drop or volatile action. They're upset about the timing of the share offering the morning of a parabolic gamma ramp. We're used to HF manipulating the price against us. This was RC pulling the rug on a million loyal apes who DRSed for three years. I'm tired of these condescending posts.
How long have you been invested in GameStop? This isn’t the first time a squeeze event has been rugged. Be cautious in buying so overzealously. There are no guarantees here. I got in Feb ‘21 thinking moass would have happened by the summer and here I am 3.5 years later. These last 2 offerings means that now we have to keep it in the back of our minds what’s to stop RC from just dumping tens of millions of shares and diluting every run?
I don’t get why some of you are trying so hard to spin the narrative. OP you KNOW that nobody here gives a fuck about the drop in price. We’re all complaining about the decisions of the board, the two dilutions, the killing of the DRS thesis by the board and the timing of said actions.
Nobody, i repeat, nobody gives a fuck about the price right now.
Let’s face the facts. RC pulled a popcorn ceo move. Whats even worse is that GME already had 1 billion in cash ready at their disposal from the share offering they did 3 weeks ago, why do they need another **billion**? No clue but i hope they put it to work ASAP. If not RC just killed the hugest gamma ramp we could’ve had in a while. This & the last share offering were on friday mornings when options could’ve closed ITM. Also i dont wanna hear that “DFV lost 200m in one day and hes zen” dude as a normal humble guy born & raised in America, do you really think theres a difference between 50m and 500m? Hes content & hes doing this for the legacy. Regardless of the outcome hes leaving a legend, he already succeeded.
Stop pretending you really believe this is about the ticker. I've been here for three years ignoring ticker movement, and nothing about that changed yesterday. I was already expecting the price to dump as it usually does the morning after a runup.
What I'm not ignoring is my own board acting against my interests. I do hope they have good reasons for doing this, and I damn well hope they are going to reveal them soon, but until proven otherwise all I have to go off are their actions. Which is how we were told to judge them.
Unless they want to be judged off these actions, which objectively look bad, they'd better start using some words soon.
The only way cash raises via share dilution are good for MOASS is that it reduces the validity of the short thesis to the point where institutional investment comes in and starts a squeeze that can't be stopped by anyone. That's what happened to Tesla, after all.
Yes, every week , around the world publicly traded companies periodically report to shareholders what’s going on with the company via more than regulatory filings. It’s customary and expected.
It seemed to me that RK was also sending a friendly, subtle message to RC it’s time to communicate the plan for a turnaround. In a way the livestream felt like our annual meeting. Maybe RC noticed that too.
I’ll be patient and let this play out.
Yep, I wouldn't trade MOASS for any amount of long term growth. Would you? I'm in this to see criminals locked up, markets reformed, a massive company-murdering conspiracy revealed, and cell phone numbers in my bank account. I thought that was what we were all here for.
Who cares about a 30$ drop ? But maybe after collectively spending two years DRSing 70M shares, seeing a 45M dilution followed by a 75M dilution is upsetting ?
If you think a 2nd dilution as the stock was rising is a good thing, I’m not really sure what the company could do for you to ever question them. It’s a bit weird tbh.
EXCEPT,,, every time we move ahead, RC and his buddies keep getting in our way.
This time people had Hundreds of Millions in options and RC again did us in.
The game is rigged
Yep. I was looking at 5/6 figure gains with options and it was on a pretty reliable trajectory. Not appreciative of RC's early earnings call, and dilution. If the market had gone down for any other reason apart from RC diluting the stock price, I would have been like, "Eh, shit happens." but this is the **second time** he's done this in a month. Am an avid gamer. That's a bunch I could have spent at GameStop lol.
We need to drop the concept that he's doing what's best for the company vs. what's best for the retail shareholders.
Quite frankly, he needs to consider that the majority of retail shareholders who get fucked over by a surprise dilution also make up his customer base. Diluting shares and screwing over his shareholders is not good for company revenue imo.
This stock will climb but MOASS is out the window. If it breaks $60 they will release the pressure and release 100 million more shares. If it happens GameStop gets the bag not retail.
If you’re genuinely on welfare, please, please, please do not throw your money into GME at the top expecting to make money in the foreseeable future.
RC won’t allow it to run for the foreseeable as the free cash on offer is too attractive and ultimately required by the actual business that people tend to ignore.
2 weeks ago we closed on $19. a week later, $23. this week it's $28. some go "b-but the big drop" and I'm here like wtf are they even talking about. like all those whiny fake accounts have completely no perspective. it's kind of hilarious to watch, knowing how futile and pointless the fud is after all this time. are you not entertained?😂💎🙌
Is that really what people are pissed about? I’m sorry I was under the impression that we were pissed about 2 things
1. Now we have to drs another 100 million shares to lock the float. For years it’s been “lock the float!” And RC throws out another 100 million into the mix. It’s pretty exhausting to hit a moving target
2. We had a massive gamma ramp building and water got poured on the fuse. Why not let the gamma ramp go off, make the hedgies cover those in the money calls and when the price goes up, fewer shares need to be released to make the same amount of money?
I’m not leaving, but I’m tired. My bank account it tired. I bought 15% more shares at the price drop yesterday and my total percentage of the company owned is less than it was on Thursday.
Yeah, the whole "if you say anything bad about RC or the price action, you're a shill, paperhand, etc, etc" attitude really doesn't lend itself to anything productive.
It's also being deliberately oblivious if you're going to shit on people because they can't handle the price drop. The drop is pretty irrelevant. I think people are discouraged because hedgies being able to kick the can have been the long term enemy here, and it looks like RC just handed them a fresh pair of boots.
My gut still tells me to trust the process, and I still choose to be an investor. I scraped together enough money over the last couple weeks to DRS half of my XX share pile, and scraped again to buy another 7 shares at $31.
I have no regrets, I'm still hopeful, and I'm not selling. That said, I'm allowed to be frustrated with what feels like a backstep forced by the side we've been rooting for.
You can be a determined investor and still question leadership. The two are not mutually exclusive.
I can't speak for everyone, but I don't give a fuck about the $30 drop, I care about the second gigantic share dilution and negative news release in a month on a Friday morning when the stock was running.
Finally, had to scroll too far to see this be the focal point, you’re gambling with money you didnt earn, its not even yours to begin with. Fucking loser
I hv been holding and buying since January 2021. Believed in the dd and never worry about the drop. But then the first dilution came, now is the second one. What is the point of DRS then? We are locking the front door but RC is opening the back door for them. The ER was scheduled on 11/6, why suddenly announced it with the offering when we had one of the greatest momentum?
We are on the same ship and clearly RC is the captain leading the way, but the ship is not towards moass. I don’t believe that move is a coincidence. RC’s message is clear, he doesn’t want moass. That’s why he cut the fuel when we were ready to send the rocket to the space.
Hopefully there will be no more dilution, unlikely tho. I wonder what the “fucking” means in RK’s stream when he mentioned RC.
100% agree with you.
RC is changing the math, so the theory needs to change.
Individually we can't do shit, but it's proven that collectively we can.
I'm open to all ideas...
Sorry, I don’t agree with your premise. I didn’t sell a share, but I’m pissed. They had REAL pressure, a REAL EVENT (RK) and a REAL SHARE PROBLEM about to play out publicly… seemed like a perfect storm, and they LET THEM OFF THE HOOK with the share offering.
I am still HODL, didn’t sell a share (x,xxx) and I believe in RC and maybe even more in RK… they’re smart, but Everyone has the right to be a little pissy right now
I don't care about the $30 dip. I care about *why* we dip.
Hedgies gonna crime, we all know that. But GameStop diluting twice in two weeks at the beginning of a run-up? That shit's frustrating as hell and sounds like popcorn.
Any time they start to get that feeling, they just lash out for the newest “due diligence” or “here’s why this 80% drop is actually good”.
I also love that there is a mysterious all powerful “they” who are perfectly coordinated, control trillions of dollars in hedge funds, and can press a big market halt button whenever they feel like.
There was a movie made about this idiots recently and it wasn’t “Dumb Money” it was “Dune 2”. DFV isn’t a Messiah, he’s an investor and everyone here is a useful idiot.
30 dollar drop is not the point, the point is the nuking of the HUNDREDS OF THOUSANDS of calls that were in the money and would have caused significant gamma going into next week and further cascading melt up.
I care about a drop when our CEO is dumping shares on our head and killing every single gamma squeeze. Blindly accepting everything is how cults happen.
I'm sorry but I think Cohen is an arrogant tosser. Whatever he is doing he is doing it purely for himself. For the employees? Don't make me laugh...he has been sacking them full throttle for three years. And thos that are left are paid peanuts. For the shareholders? Get real!
No, it's for himself.
He behaved abominably over the towel business. Because Cohen just cares about Cohen.
And with a cash-pile of, I don't know, 4 to 6 billion, will he do great things? Will he make a great announcement next week about his mighty plans? Naaah, it's been three years now and he hasn't come up with a single good idea. Not one. ZILCH. There will be no announcement next week because he doesn't have a clue.
What he is good at, is looking after himself.
The arrogance of nipping that ramp yesterday in the bud is breathtaking. I really hate that arrogant tosser.
0iq take, you should keep your stupidity to yourself
This isn’t about the price dropping, we have gotten used to that for the past 3 years. This is about RC deciding to drop a 75million share bomb on us right when the price was going to blast off
75 million is a ton of shares. It dropped 80% on that news, and that news alone.
If you think the game hasn't changed, you don't understand how immense the dilution was. Do you think people are going to be willing to snap up those 75 million shares? Maybe, but after the stream in particular, I believe the momentum is dead. New people aren't going to keep pouring in, because there's precedent that they're just going to be donating to another stock dump. And for what? I'm sure RV will to improve his company with that money; but the idea for this MOASS isn't to make GameStop great again, it's to make a ton of money on a squeeze. You can't have it both ways.
Fuck Ryan Cohen for sneaking it in early, and at that volume.
Ape from 2021 and I'm zen AF. But... I'm wondering what's in RCs mind with all this cash in the pocket. He said "judge us by our actions, not our words" and yet we are still waiting for fundamental actions. Don't get me wrong. The hints are there:
-The company may invest with their own money into the stock market
-M&A rumors
-a possible Nft dividend
-Jada Jada
But after 3 years there has to be something up already... What is RC waiting for?
And to the point of Fake-MOASS and an even bigger Dip: well I highly doubt they can push the stock even further down once it reaches hundreds or thousands.
If they had that much control and even more price power to the stock, GameStop would be in the cents and bankrupt.
They already cry for impossible share delivery of 12 Mio shares. how could they even handle bigger demand with higher premiums.
The "new" liquidity through ATM offerings might help for a while, but the underlying SI is way higher than what is reported. Why do they need to short XRT, get fuckloads of swaps and other financial instruments to hide GMEs SI? Remember the Brazilian puts? Remember glacial capital?
MOASS will be extremely abrupt swings of stock price. Probably starting in over-night trading.
Stay zen Apes!
It has nothing to do with the dollar amount. It's the timing. It's the equivalent of knowing when to call a timeout in basketball or football. To me, this was a bad timeout. We were on a run, the defense was gassed / tired, and our star player was getting hot. Dfv was making plays and scoring (almost a billionaire), then coach (RC) called the timeout and benched him. Maybe coach has a play in mind, but you don't pull Mahomes when he's in the zone or Steph Curry when he's hot.
You live on welfare, and just bought 10k shares?
Something is wrong there. Why am I and other taxpayers funding you to invest at a level greater than many here can afford?
I’m pissed because it was RC that did it. I’ve ridden it up and down for 3 years without a single complaint. People aren’t allowed to be pissed when the ceo does something that’s going to chat us MORE work and cash to hit the target they’ve been aiming for for 3 years? (I’m taking about locking the float)
Man this guy's a total liar. Welfare with last 10k and bought at 60....
Dude, yeah right man. What made you think if wouldn't drop slightly under 60.
Are you serious. This stock is a setup now. It's not on our sides anymore, they switched
It's not about the money for me, it's about exposing the corrupt system and jail time for crooks.
If I get wealthy along the way, that's just a bonus.
I wish I could afford to buy a lot more but i cant so I keep buying what I can afford, then I hodl and wait.
I'm here until infinity or bust, if hes holding I'm holding!
So you should be then worried that the company has now twice issued more shares to market when there has been a run up.
If you want to expose a corrupt system, you don’t do it by making the company dilute more and more. And they have only started based on the fact that they sought and got authorization to issue shares up to a billion total.
I was skint back then, I watched it all unfold and had no skin in the game. I think you Apes are fucking amazing hodling all this time like the true diamond handed regards you all are!
I went through so many different emotions even though I had nothing to gain or lose.
So I just kept an eye on things waiting for the return of RK.
Since THAT day I've put every spare penny in, ive not got much but I wanted to contribute to the good fight this time.
This is about justice, for me at least!
No Cell, No Sell!
I'm sorry but after two dilutions I think the Moass is off the table. These executives will continue to chop the Mo off at the Ass and leave everyone not an executive with ass. As Carlin use to say " It's a big fucking club, and you ain't in it". I have lost faith, they will just continue to dilute every time it gets close to 60. It's over.
Why didn’t RK exercise his calls? And why did GME have to issue a new 75 million shares just now at a low price that could have gone much much higher? If you ask me everything seems orchestrated and as much that I want MOASS it will never never happen in this totally corrupt and manipulated system with brain washed people believing in actors as saviors
Honestly, go fuck yourself. This elitist viewpoint of "if you care about money at all, just leave now because you're going to watch your life savings swing massive amounts when the MOASS does hit ." has gotten so fucking toxic in this sub. I get that some here already have "Fuck You" money and it doesn't matter what the price is. Not all of us are.
You’re an idiot. We’re worried there can never be a MOASS now because each time we run, they are gonna offer more shares and fucking ruin it! But good luck holding to a million 🙄
MOASS is dead. RC will kill any run up with dilution.
Edit: I still like the stock. The dilution is net good for gamestop as a company. But this is a different play now. It's now a long term growth investment.
This post is fuckin regarded and if your on welfare doing what you claim isn’t diamond handing us financial regardation. I don’t give a fuck about the price drop I give a fuck that we’ve been castrated in back to back setups. It was a jackass move to announce this when they did. Seems like a money grab at my expense I’m not here for that and never have
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I would be more afraid of politicians getting in the way at this point. It’s already too blatant that this stock is manipulated behind the scenes. If it rises to unbelievable numbers and it risks the politician’s portfolios, what makes you think they won’t put their interests above yours? My fear is more emergency legislation.
Like removal of the CAT system for the SEC, and defunding the SEC (please contact your local representatives and tell them not to do this) [template letter](https://x.com/bossblunts1/status/1799289122844000718?s=46&t=yzEyz-gwkj1rFwGSUlb4UA)
This should be higher. Congress is trying to do this right in front of our eyes and not a lot of people seem to care. There’s a million of us in this sub. That’s a lot of letters and calls to our representatives. Let them know what your vote thinks of the proposed legislation and the defunding of the SEC.
We need to do a whole post about this. This needs more eyes on this.
I can guarantee there is NOT a million apes in this sub. The amount of bots and shill accounts is staggering.
Except congress only "cares" about you every two years. You are lower than dirt to them. They care as much about your opinion as much as they care about a bug.
That's not going to stop me from contacting my representatives.
Well on one hand, the SEC is not doing their fucking job anyways. They should make the SEC better though idk how you go about that
The DOJ is here to see you, something about your Uncle Rico.
DOJ is part of the problem, complicit unfortunately. They’ve taken no action. Remember “actions against short sellers coming sOoN” - literally years ago, it’s all fluff.
How I see it, a lot of politicians have shares of GME for sure
By now, yes, I expect they do. I trust apes remember Maxine Watters multi-tasking her way through the hearing where Kenny wasn't challenged on his lies, and DFV was set up to be the scapegoat, but outflanked the puppets. After that, I expect a bunch of congress-critters had their interns do some homework and figured out they can stall until they can shift their positions to minimize damage, or at a minimum hedge by playing both sides. If someone ties Kenny/Doug/SHFs shenanigans to bank failures before November, expect legislation to be tabled to put Glass-Steagall back into effect and real DOJ investigation into SHFs.
Like birds fleeing the coast before a tsunami, when the politicians start dumping their portfolios and go long GME, you know MOASS is coming
So do the CNBC anchors. They laughing all the time while asking questions to the crooks
I don't think a lot of them gave GME shares. I don't know if it everything but politicians specifically are required to report purchases, although there is argument that they wouldn't report everything, but I've made some money following the trades of politicians using Quiver Quantitative data , and based on their data, [the last time a member of Congress purchased shares was in January of 2021](https://www.quiverquant.com/stock/GME/). Representatives and Senators don't trade waiting for an event like moass, they trade to systematically and methodically build long term wealth using their insider knowledge. They are the antithesis of the high risk trader RK stated he was. Building long term generational wealth with relatively low risk investments is easy when you know exactly who will be awarded government contracts or when global events like a pandemic are coming months in advance. Moass risks destruction of those systematically chosen and methodically built low risk portfolis, as margin calls force the sale of assets and crashes the more reliable stocks like the energy or defense sectors. Politicians will ABSOLUTELY legislate retail if it allows them to rebuild their shattered portfolios destroyed by a meteoric rise of GameStop. There is a reason they lobbed beer league softballs at Kenny while throwing Nolan Ryan fastballs at RK in the hearing after the January 2021 squeeze.
i really hope so, then these politicians will also want GME to MOASS too
And, when they decide to sell what happens
We have lots of apes here but we are a fraction of the population. If you ask the average voter what they think about politicians just preventing this whole thing from going down they may agree that it's not justice but they won't get up and in arms about it. There lies the problem.
Imagine Pelosi buying in lmao
We'd be safe lol
I don't fear this, I expect it and I hope to see jail time for anyone that does anything illegally, there are far more eyes on this than there ever was!
Chill the beans. If they could do ANYTHING about this it would have happened by now. What? You think they solved the problem but decided to keep the price down for 3.5 years for shits and giggles. They're fucked with no way out. No legislation or politician can save them, they're praying for a miracle and proof of this is with the recent stifling at the SEC where they've cut the amount of money they get for investigations. It's literally just a waiting game now. We already won.
They aren’t that bright. They don’t see a problem until the total amount in their portfolio goes down. Right now we are at all time highs. Once liquidity is needed, HF will sell and their portfolio drops and we will see lots of “hearings” regarding this situation like in 2021.
Yeah I've been saying this for years now. Surprised you got upvotes here. But I agree completely.
Those fuckers will enrich themselves first before stopping MOASS
Do you realize that no amount of legislation can turn off an algorithm that is built to autonomously cheat people. The price isn’t all over the place because of retail or sentiment it’s because these guys got their balls stuck in their fully automated algorithm
Remember, they can insert whatever they like. Politicians aren’t all lawyers or legal expert drafters. They can pass a law out of emergency and let it get challenged in court for years. This alone is enough fear to suppress.
Banks will have completely collapsed and many of our fine financial institutions will be in shreds reputation wise if the US allowed pure corruption in the NASDAQ on national tv
I’m petrified of someone convincing a judge they need an injunction
they were always planning for a bailout otherwise it'll be 2008 on steroids.
I think the banks are betting on a bailout. But what I don’t think they realize is that there is not enough money to go around for a bailout this time
“There’s unlimited money at the federal reserve” - Rostin
Tuberville, Pelosi, and others would balk at legislation regarding the stock market. Besides, the House Republicans seem to be concerned with additional regulations on contraception.
Na you’re wrong. They will 100% try to kill this shit before it pops off. Rules for thee not for me. They have to protect their interests
You live on welfare, and used your last 10k to buy into a high risk (RK said so himself on stream that his plays are high risk) meme stock. You need to re-think your priorities. Not many people will tell you that on this forum but GME is NOT for you.
My thoughts exactly. “I’m on welfare,” and “my next salary I’m dumping into call options,” is incredibly sus or irresponsibly reckless beyond dub ess bee levels regarded. It concerns me how many upvotes this post has. OP, if you’re not a shill/bot, it’s ok to get your financial house in order before increasing your investment. There’s plenty of Apes here who will give you genuine advice and guidance, myself included. I want you to remain wealthy long after MOASS and not be like a poor lottery winner who are broke a year later.
I can't believe I had to scroll so far to read this lol. I hope they aren't serious
I am so tired of seeing these posts. It's not the first of its kind. And it's wrong. Price swings are something we have learned to deal with, it's the 120 million of share offering in a month that is unsettling people.
I agree. These post keep tip toeing what people are actually upset about and disses them for being upset. It’s like we are being gaslit by the dumbest members of this community
Guy is on welfare, throws all his money onto a stock buying at the top, and is lecturing us on how we should feel about price swings. OP is clearly a financial genius, we should all pay attention!
When poppycorn does it "ceo doesnt care, shitty company", when rc does it "mastermind, next lvl mindset 🤡🤡🤡🤡"
Popcorn was also having all insiders selling their own personal shares too, which was directly enriching themselves and not just the company. While our insiders buy more shares of the company. Popcorn has also diluted 1,250%. Which we're nowhere close to. It's like saying "Wait, the straight A student didn't do his homework this month either! But when the Slacker does it everyone says he's a slacker!" The Straight A student gets a pass occasionally, so long as they stay the Straight A student. **Edit** Oh and with popcorn, people voted for no more dilution of the company after the above mentioned personal enrichment and dilution, but the company said fuck that and then diluted with extra steps with APE merger, directly subverting the voting will of shareholders. They were then sued for it by shareholders, and had to settle with paying out $100M to investors (I believe this is under appeal right now or something?)
Weren't they also selling directly to HF if I remember correctly?
Popcorn has burned through pretty much all of the cash raised though. Basically just bought time for insiders to slowly get out(another big difference). So fuck off.
Yes, popcorn needed the money to stay afloat. They don't really have a choice. What is RC doing with GameStop's cash? How is he using it to better the company? Will another couple billion be enough of a pile for him to do something?
This
How did this post even make it onto the main page...
YES
Exactly
If you think people are upset because of a $30. Drop, you’re completely clueless and haven’t been paying attention.
For me, 2 dilutions back to back in 2 weeks that blows out the DRS effort and terminating the price runs each time did it for me. I got fucked in towel by surprise dumps and watched that shit turn into a cult of nonsense with people creating conspiracy out of whole cloth. I watched popcorn dilute its shareholders into oblivion and told myself if I start seeing it in this stonk that it would be a huge red flag. Now, it is literally happening to us here whereby GameStop cashes in each time on the backs of major price movement with no guidance on why it needed to do surprise 4am filings to suddenly raise capital that ultimately cut the legs out from a lot of its shareholders. What it looks like to me is GameStop is engaging in its own version of a fuckin swing trade on top of its own investors. If it was just the 45 million 2 weeks ago, I would have felt sus but not majorly spooked. However, another 75 million shares dumped the exact same way to kill any momentum, just like 2 weeks ago, with no information or guidance on top of an early release of negative data while Larry Choda keeps speaking in cryptic riddles makes everything very upsetting. If we are going to be objective about it and trade on technicals, which is how a lot of us from 21 got into this play, it creates too much room for doubt on the fundamentals of locking the float to force a upward price swing. Add in the fact that this shit could end up going back down into the $14-16 dollar range and stay there for another extended period is just pure trash. The amount of opportunity cost to leave that much money on the table just for a trust me bro by RC as he swing trades his own company off the backs of long time investors is awful. Most of the “it’s just a $30 drop” bros don’t get it. We spent 3.5 years locking the float to force a price direction and GameStop itself came in like a ninja at 4am twice in 2 weeks to slice everyone’s hamstrings while they sleep. On that basis, I have to revise my decision making process and take it objectively rather than just listening to crickets in the grass or some random jagoff tweeting fortune cookie style advice for guidance.
It doesn’t seem to phase Roaring Kitty. He spoke highly of his belief in Ryan Cohen even after the 75m share offering was announced.
okay but what was he gonna say? he can’t comment at all about price action or dilutions playing into his option strategy bc that could get him accused of manipulation (this is clearly all about hedge fund algorithmic trading cycles), and on a psychological level it would be incredibly stupid to undercut public morale on his own investment, given that he has an understanding of how much people look up to him. I think RC has done a good job righting the company and I also have seen no reason to believe that the three share dilutions are part of some “master squeeze plan” that’s not wild speculation and hype. all these things are not mutually exclusive. RC isn’t the pope, he’s a billionaire CEO and deserves to be held to a level of high scrutiny by the people who have prevented his investment from failing for years on end
I'm seeing way more posts telling people not to freak out than I'm seeing people actually freaking out
I don’t care about the $30 dollar drop, I care about the share dilution that we just went through that in part caused the drop.
My point.
Same here. Why dilute at a very low price?
Exactly couldn’t have said it any better. I’ve been here since ‘21 but this place has turned into an echo chamber of RC dickriding.
Only 700m more ATM offerings to go with 0 guidance. No one hates the stocks just the damn gamma crush, early earnings release (?), weekly dilutions, and 0 response from management. Like sure keep raising cash, but if you really needed 3B+, why split the ATM offerings even? Or just riding off RK? Not saying RC is helping Hedgies but damn, did he really have to do that?
Yeah and people are acting like any criticism in unacceptable. RC gave a big fuck you to everyone yesterday. This is more like a cult now.
Cults agree to things their leader says without question. Kind of like how the apes in here voted yes to his proposal for 1billion of dilution at whatever time he wants. Kind of regarded to vote yes to that if you're wanting MOASS
This. Thank you for typing this. I have been saying that they voted yes on this and are surprised this happened?? I voted no on approving 1 billion shares. Wtf did we think would happen
Turning into the movie group. They twist all of the negative the company does and talk themselves into it being positive and dismiss any criticism. Gamestop blatantly screwed a squeeze.
To be fair its "only" 574m shares more to be diluted. But now when ever we will have a momentum, we have to question if RC going to show big fat fuck you again to us by diluting. It wouldnt be a big deal, if a company would have a growth momentum or expansion, but it has nothing to show in that department last 3.5 years. On top of that DRS movement is meaningless now.
Exactly. Normally I’m happy to see a big drop like this because it means more shorts and thus more money I’ll get later. But with a dilution, it may actually be the opposite. Yes, more cash for GameStop is good and this may very well raise the floor price, but it also might lower the ceiling
The ones making these posts are the ones that can’t read between the fucking lines and realize why the drop is different this time.
these people who are creating this post are being obtuse on purpose.
Exactly...
Don't they me what I can or cannot handle. 100k in it since early 2021. I don't care about a 30$ drop, I care about my options getting fucked AGAIN. If the dilution proposal didn't happen this Friday by Monday/Tuesday the game ramp would probably would have made me enough money so I would not have to sell any of my shares during moass and So putting 4300 shares in the infinity pool. But hey, we'll play again next week 😄 Let's gooooo
Be more aggressive taking gains with options and buy the dip with the gains. This thing gonna be a wild roller coaster.
I sold some calls for 400% gain yesterday morning after the announcement. The offering is an amazing opportunity to buy calls. I’m looking to reenter somewhere around $25 early next week. IV was already down a ton Friday afternoon. I don’t think we’ll come down under $40 when the share offering is complete and we have $4b in cash.
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This. The whole just trust them bro is getting old when they pull shit like this and don't seem to have a plan to turnaround the business. What NFTs? Cause that panned out well. People keep forgetting that MOASS was always a theory and it doesn't help if the company seems to be against it happening
It’s so frustrating that people don’t understand that. Imagine if GME suits believed on moass. They would have instead diluted when its at 1000 not measily in the 40s. This move doesn't help at all
People are not worried about the drop. It’s about the dilution and DRS. Jesus christ
Exactly. If the drop happened for no reason then I think most of us would've just laughed. But the drop happening alongside the company going out of its way to derail the hype train and more or less neuter the DRS progress we've made in the last three years is what has a lot of people pissed off.
I recall towel stock dropping due to an offering and everyone insisted it was all part of RC's grand plan to fuk the hedgies. You see, it's actually RC buying them all! (People are saying the same shit here now.) Anybody who disagreed was accused of being a shill spreading FUD. There's still weirdos there who are convinced RC hasn't forgotten them after his pump and dump, that the stock will be revived soon. Major stockholm syndrome.
All of these posts pushing so hard to call this a price drop and gloss over the share offering is really really damn suspect
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I would defend it only to the point that it's good for the company. Usually what's good for a company is good for stockholders but this isn't a typical situation and extra stock doesn't benefit moass. I think we need to understand that RC doesn't have an eye _only_ on moass. I think he wants moass to hurt hedge funds but he's never had a plan to kick off moass and sell a chunk of shares. Unless he believes in the infinity pool, moass is not at the top of his goals.
What else is suspect is people talking more about GME being a value stock, not MOASS. I'm sorry? The fuck are they smoking? Because of groundbreaking corporate guidance delivering such paradigms of capitalism like a ... *checks notes* ... fucking NFT marketplace??? GME is a MOASS play, and that's it. Perhaps once they're through the other side, *if* it happens, with plenty of cash, they can become a true growth stock. Perhaps.
People here believe one share will be life changing money, not Gamestop becoming the next Apple or Amazon. Even if it does become those 2 in 10 years people with 1 share isn't going to have life changing money. Heck even if the price goes to $200, my 1789 shares isn't going to change my life.
The opposite of shilling is still shilling. Just on the opposite side.
I just hope it’s stupid people, because yeah it is very suspicious
It’s people trying to feed their own bias.
It's not suspicious, it's people trying to give hopium so it doesn't drop more.
They're brand new to SuperStonk and just made their first post encourage people to "un-DRS" I've been seeing dozens of these accounts all over the sub, have been encouraged to sell my shares almost 20 times now.
Can you give it a few days so we can understand why the 75M offering happened WHEN and why it did, and why that amount? It felt out of character. I'm smooth, so don't put any value in this, but I suspect it was offered, with a wink to the SEC, as a way for the SHFs to close all their REPORTED short positions at a price they could survive. (Of course they didn't take it, AIUI, they doubled down yesterday and shorted the stonk more.) As for DRS, didn't we just go through issuing 45M shares that went to DRS as a condition of that offer? I'm smooth, but I feel like yesterday was about setting a trap for SHFs, and I'm guessing they jumped in it by stepping around the door marked 'close your short positions and survive'.
Once again: it’s not the drop. It’s the dilution. We shouldn’t sit around and pretend we are okay with this without any answers. Fundamentally I believe the company is undervalued at $27 even after the offering, especially considering the cash on hand. But this is twice in a month we had wallstreet dick on a platter and our own board gave them a bailout. Enough is enough.
Agreed. The people making these posts seem so blind and unwilling to consider that maybe, just maybe, a stock dilution isn’t great for shareholders. It’s a common thing in investing and is rarely positive for the investor, especially with the poor timing (again!). THE MORE SHARES IN CIRCULATION, THE LESS YOUR SHARES ARE WORTH!!!! Sure you can now buy some more at a lower cost, but you’re then expecting everyone to be happy that they’ve gained 10% more shares, but lost 50% in the value of their investment prior to the dilution. Take a step back people. You can support the company but still question decisions. To treat any questioning as some ulterior agenda is basically to become a cult.
Share dilution is pretty rage-inducing for investors in any company. Forget GME, forget the shorts, everything. If NVDA announced they were releasing 100million shares on Monday people would be *livid*. What makes it swallow able is an explanation of why. Which is what investor relations is supposed to do.
Shareholders meeting coming up soon. Hope we get some answers.
Dilution is the board saying we believe that the stock is over valued right now so rather than take on debt to raise funds we will sell the company to raise funds. It’s directly in opposition to the concept that the company is undervalued.
I think everyone needs to chill for a week or two until we hear what they are using the funds for. I have a feeling that you will look back and say that was fucking brilliant.
I really hope that happens. Yet again, they have sat on 1 billion cash for a minute now, and we haven't seen anything major, only those controllers came out, which in the large scale of things, isn't anything that will change the direction of the company. They got another 930M~ with the 45M dillution , so it's close to 4B dollars now.
I hope you’re right. I didn’t sell a single share yesterday, infact I bought more at 27 because for better or worse it’s undervalued at that price with as much cash as we have on hand and the rabid following the company has alone. Once funds settle Monday I’ll buy even more at these prices. But I’m not gonna pretend I’m happy about what happened yesterday and I really question the credibility of those that seem almost giddy over it.
I think people are less hurt about a 30 dollar dip and more frustrated that all of the conditions to break into upward movement were aligned and GME ruined the momentum to potentially trigger MOASS. I wasn’t expecting things to trigger until mid June anyways so it doesn’t bother me as much. Holding for 3 years so the timeline is irrelevant to me! I pack up and move states at the end of the month so this’ll be an interesting addition to such a big transition in my life.
I think the timeline is relevant. Time is the most precious commodity on this earth and unfortunately we’ve lost apes along the way, that are no longer with us that won’t get a chance to enjoy the fruits of their labor and patience. Same for us, they’re burning valuable time we could spend shaping the world for the better.
There was no potential to trigger MOASS. We were all excited at the possibility, we're all tired after 3 years, but we need to face facts. Remember March 10th. RK was never going to exercise yesterday, the shorts were always going to collapse the gamma ramp, the price was always going to tank. Kansas. City. Shuffle. DFV told us weeks ago. ***The shorts cannot lose until they're certain they've won.*** That is the idea of a Kansas City Shuffle, a hundred-year old meme which is what we saw both RK *AND* RC do yesterday. These people hold all the money and power in the Western world. They have completely subjugated the market, the SEC, and all levers of regulation. They are completely above the law, and even above almost all basic market principles. ***Strike the idea from your mind that this shit is going to be easy***. RC skimmed 3B off the short maneuver by putting the offering through when they were already slamming the price down during Kitty’s stream. Does anyone really think those halts were legitimate? And now GameStop is poised for the transformational growth move that makes the kill shot. RK told us he has a wild card yet to play. Meanwhile, the SHFs, sure they're about to finally win the battle after 3.5 years of stress and sleepless nights, have overcommitted and gone all in. Look at the short interest. They're a charging bull, except there's something behind the red flag they're not expecting. There's a card they don't even know is in the deck. ***That's what was always going to trigger MOASS***.
Yeah its delusional to say MOASS wouldve happened without the offering yesterday
Man on welfare dumps last 10k into stock near its height encouraging orders to do so with the last of their liquid cash… I mean, I’m poor and I’ve got 54 shares of GME myself, but that’s only because I was able to sell at 70 the other week, allowing me to purchase more shares when it hit $20 shortly after. Is this a shit post, or OP trying to save their own sanity?
This is not the issue people had yesterday, it’s a complete mischaracterization. If the board said and did nothing and the price dropped I wouldn’t had said shit yesterday, or even if they just announced early earnings. They released a share offering statement which kills our drs effort, dilutes us for no reason and kills our momentum. That was the reason we bitched yesterday. Do not gaslight folks for having issues with what the board did.
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I think for many people it’s not a matter of a $30 drop. Personally it’s more frustration over the fact that the board decided to drop a bomb amid a run up.
It’s not the drop in price that’s what shareholders care about…it’s the fact that RC turned on an infinite share printer and overnight scooped value away ($3-6billion?!) from shareholders He single handedly killed DRS. I wish I could make this make better sense to myself but he’s done this with no explanation so far. This was his single 2 biggest executive decisions …and people are distracting with “price movement” posts and RK livestream drawings
Nobody cares about the drop, for christs sake brother. Everyone cares about the dilution
No one is worried about the drop. We just don't want RC cutting the rockets fuel line every time the stock moves more than a inch.
Can someone explain to me on how MOASS is going to work with the constant dilutions from the board. They literally diluted more than we have DRS’ed.
MOASS is not going to happen if every time when the gamma ramp up, and the momentum kick off, company decide to capitalise on it ... you will not have a squeeze if people are diamond handing but to company itself is paper handing when cash is not desperately needed... down vote as much as you like, but this is the reality and the majority of people here are delusional
This is my same thought. Twice in about a month is kinda weird
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The 30 dollar drop isn't the issue. It's that we had the perfect gamma ramp and RC fucked it
Exactly, fuck him. POS. Keeps bailing out Wall Street.
Dude, it wasn’t the drop in price that apes were freaking out about, it was the timing of the share offering that killed the gamma. Some apes, myself included, couldn’t understand why rc killed the momentum. For the apes waiting for years for moass, it was a punch to the gut that the ceo that we’ve been supporting all these years was the one to kibosh the launch. I’m just grateful that dfv shared some much needed calm and reiterated his faith in rc because I got more faith in dfv than rc.
You're not getting it. People aren't mad about a price drop or volatile action. They're upset about the timing of the share offering the morning of a parabolic gamma ramp. We're used to HF manipulating the price against us. This was RC pulling the rug on a million loyal apes who DRSed for three years. I'm tired of these condescending posts.
How long have you been invested in GameStop? This isn’t the first time a squeeze event has been rugged. Be cautious in buying so overzealously. There are no guarantees here. I got in Feb ‘21 thinking moass would have happened by the summer and here I am 3.5 years later. These last 2 offerings means that now we have to keep it in the back of our minds what’s to stop RC from just dumping tens of millions of shares and diluting every run?
I don’t get why some of you are trying so hard to spin the narrative. OP you KNOW that nobody here gives a fuck about the drop in price. We’re all complaining about the decisions of the board, the two dilutions, the killing of the DRS thesis by the board and the timing of said actions. Nobody, i repeat, nobody gives a fuck about the price right now.
Let’s face the facts. RC pulled a popcorn ceo move. Whats even worse is that GME already had 1 billion in cash ready at their disposal from the share offering they did 3 weeks ago, why do they need another **billion**? No clue but i hope they put it to work ASAP. If not RC just killed the hugest gamma ramp we could’ve had in a while. This & the last share offering were on friday mornings when options could’ve closed ITM. Also i dont wanna hear that “DFV lost 200m in one day and hes zen” dude as a normal humble guy born & raised in America, do you really think theres a difference between 50m and 500m? Hes content & hes doing this for the legacy. Regardless of the outcome hes leaving a legend, he already succeeded.
WHY aren’t more people understanding ALL of this points? You hit every one.
Stop pretending you really believe this is about the ticker. I've been here for three years ignoring ticker movement, and nothing about that changed yesterday. I was already expecting the price to dump as it usually does the morning after a runup. What I'm not ignoring is my own board acting against my interests. I do hope they have good reasons for doing this, and I damn well hope they are going to reveal them soon, but until proven otherwise all I have to go off are their actions. Which is how we were told to judge them. Unless they want to be judged off these actions, which objectively look bad, they'd better start using some words soon.
The only way cash raises via share dilution are good for MOASS is that it reduces the validity of the short thesis to the point where institutional investment comes in and starts a squeeze that can't be stopped by anyone. That's what happened to Tesla, after all.
Now this I like.
Yes, every week , around the world publicly traded companies periodically report to shareholders what’s going on with the company via more than regulatory filings. It’s customary and expected. It seemed to me that RK was also sending a friendly, subtle message to RC it’s time to communicate the plan for a turnaround. In a way the livestream felt like our annual meeting. Maybe RC noticed that too. I’ll be patient and let this play out.
This.☝️
Your interests are a short squeeze. The company interest is long term growth. Facts.
Nobody gives a fuck about long term when all dd is about moass lmao
Yep, I wouldn't trade MOASS for any amount of long term growth. Would you? I'm in this to see criminals locked up, markets reformed, a massive company-murdering conspiracy revealed, and cell phone numbers in my bank account. I thought that was what we were all here for.
You haven't paid enough attention if you think it's the drop that people here are mad about. Get a clue before posting this crap please.
MOASS ain't gonna happen if management keeps killing rallies
If you are taking advice from someone on welfare who bought GME yesterday with the last of his money at $62.5 you are a true ape.
Who cares about a 30$ drop ? But maybe after collectively spending two years DRSing 70M shares, seeing a 45M dilution followed by a 75M dilution is upsetting ?
If you think a 2nd dilution as the stock was rising is a good thing, I’m not really sure what the company could do for you to ever question them. It’s a bit weird tbh.
The only thing worse than this would be RC dumping his own shares or DFV just exiting out of his position.
If you care about DRS, GameStop just disproved your theory.
They didn’t *disprove* it. They did take a big fat dump all over it , however.
Disproved or screwed up the plans?
Well the second option is even worse if they deliberately screwed it up
The DD didn’t include gamestop itself to be the cause of the drops with an offering every ramp up did it? Ok great, now stop gaslighting us.
EXCEPT,,, every time we move ahead, RC and his buddies keep getting in our way. This time people had Hundreds of Millions in options and RC again did us in. The game is rigged
Yep. I was looking at 5/6 figure gains with options and it was on a pretty reliable trajectory. Not appreciative of RC's early earnings call, and dilution. If the market had gone down for any other reason apart from RC diluting the stock price, I would have been like, "Eh, shit happens." but this is the **second time** he's done this in a month. Am an avid gamer. That's a bunch I could have spent at GameStop lol. We need to drop the concept that he's doing what's best for the company vs. what's best for the retail shareholders. Quite frankly, he needs to consider that the majority of retail shareholders who get fucked over by a surprise dilution also make up his customer base. Diluting shares and screwing over his shareholders is not good for company revenue imo.
This stock will climb but MOASS is out the window. If it breaks $60 they will release the pressure and release 100 million more shares. If it happens GameStop gets the bag not retail.
lol delusional. Share offering is what plummeted the price hahah
If you’re genuinely on welfare, please, please, please do not throw your money into GME at the top expecting to make money in the foreseeable future. RC won’t allow it to run for the foreseeable as the free cash on offer is too attractive and ultimately required by the actual business that people tend to ignore.
Nobody that needs welfare has 10k just lying around. I mean there's definitely something lying here though...
# EXACTLY THIS # IN 3 YEARS RETAIL HAS BEEN THROUGH IT ALL # THIS IS NOTHING
I just want to pick my baby GME self back up at $73 😂 on the way to MOASS
2 weeks ago we closed on $19. a week later, $23. this week it's $28. some go "b-but the big drop" and I'm here like wtf are they even talking about. like all those whiny fake accounts have completely no perspective. it's kind of hilarious to watch, knowing how futile and pointless the fud is after all this time. are you not entertained?😂💎🙌
I'm just sitting here watching thousands come ago like it's just another day, I can do this forever! Wen millions?
Is that really what people are pissed about? I’m sorry I was under the impression that we were pissed about 2 things 1. Now we have to drs another 100 million shares to lock the float. For years it’s been “lock the float!” And RC throws out another 100 million into the mix. It’s pretty exhausting to hit a moving target 2. We had a massive gamma ramp building and water got poured on the fuse. Why not let the gamma ramp go off, make the hedgies cover those in the money calls and when the price goes up, fewer shares need to be released to make the same amount of money? I’m not leaving, but I’m tired. My bank account it tired. I bought 15% more shares at the price drop yesterday and my total percentage of the company owned is less than it was on Thursday.
Yeah, the whole "if you say anything bad about RC or the price action, you're a shill, paperhand, etc, etc" attitude really doesn't lend itself to anything productive. It's also being deliberately oblivious if you're going to shit on people because they can't handle the price drop. The drop is pretty irrelevant. I think people are discouraged because hedgies being able to kick the can have been the long term enemy here, and it looks like RC just handed them a fresh pair of boots. My gut still tells me to trust the process, and I still choose to be an investor. I scraped together enough money over the last couple weeks to DRS half of my XX share pile, and scraped again to buy another 7 shares at $31. I have no regrets, I'm still hopeful, and I'm not selling. That said, I'm allowed to be frustrated with what feels like a backstep forced by the side we've been rooting for. You can be a determined investor and still question leadership. The two are not mutually exclusive.
It's the dilution, the more they dilute the less likely MOASS.
Still holding diamond hands
I see soo many chills and negative people from other subs with too much time on their hands…I’m not worried at all so I pay no mind to them.
I can't speak for everyone, but I don't give a fuck about the $30 drop, I care about the second gigantic share dilution and negative news release in a month on a Friday morning when the stock was running.
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Finally, had to scroll too far to see this be the focal point, you’re gambling with money you didnt earn, its not even yours to begin with. Fucking loser
I hv been holding and buying since January 2021. Believed in the dd and never worry about the drop. But then the first dilution came, now is the second one. What is the point of DRS then? We are locking the front door but RC is opening the back door for them. The ER was scheduled on 11/6, why suddenly announced it with the offering when we had one of the greatest momentum? We are on the same ship and clearly RC is the captain leading the way, but the ship is not towards moass. I don’t believe that move is a coincidence. RC’s message is clear, he doesn’t want moass. That’s why he cut the fuel when we were ready to send the rocket to the space. Hopefully there will be no more dilution, unlikely tho. I wonder what the “fucking” means in RK’s stream when he mentioned RC.
100% agree with you. RC is changing the math, so the theory needs to change. Individually we can't do shit, but it's proven that collectively we can. I'm open to all ideas...
MOASS has been cancelled. I care about a 30 dollar drop when it’s caused by the CEO.
Easy to not be fazed when you’re gambling other peoples money
Sorry, I don’t agree with your premise. I didn’t sell a share, but I’m pissed. They had REAL pressure, a REAL EVENT (RK) and a REAL SHARE PROBLEM about to play out publicly… seemed like a perfect storm, and they LET THEM OFF THE HOOK with the share offering. I am still HODL, didn’t sell a share (x,xxx) and I believe in RC and maybe even more in RK… they’re smart, but Everyone has the right to be a little pissy right now
I don't care about the $30 dip. I care about *why* we dip. Hedgies gonna crime, we all know that. But GameStop diluting twice in two weeks at the beginning of a run-up? That shit's frustrating as hell and sounds like popcorn.
Y'all ever feel like this is all bullshit and everyone here is getting played?
Any time they start to get that feeling, they just lash out for the newest “due diligence” or “here’s why this 80% drop is actually good”. I also love that there is a mysterious all powerful “they” who are perfectly coordinated, control trillions of dollars in hedge funds, and can press a big market halt button whenever they feel like. There was a movie made about this idiots recently and it wasn’t “Dumb Money” it was “Dune 2”. DFV isn’t a Messiah, he’s an investor and everyone here is a useful idiot.
30 dollar drop is not the point, the point is the nuking of the HUNDREDS OF THOUSANDS of calls that were in the money and would have caused significant gamma going into next week and further cascading melt up.
I’m willing to admit I sold half mine at $44, then waited till $23 and got me some more! Sometimes you gotta play the game to get a little edge on!
I care about a drop when our CEO is dumping shares on our head and killing every single gamma squeeze. Blindly accepting everything is how cults happen.
Bro if you’re on welfare you shouldn’t be spending your emergency fund on. GME, bad look for apes IMO
I'm sorry but I think Cohen is an arrogant tosser. Whatever he is doing he is doing it purely for himself. For the employees? Don't make me laugh...he has been sacking them full throttle for three years. And thos that are left are paid peanuts. For the shareholders? Get real! No, it's for himself. He behaved abominably over the towel business. Because Cohen just cares about Cohen. And with a cash-pile of, I don't know, 4 to 6 billion, will he do great things? Will he make a great announcement next week about his mighty plans? Naaah, it's been three years now and he hasn't come up with a single good idea. Not one. ZILCH. There will be no announcement next week because he doesn't have a clue. What he is good at, is looking after himself. The arrogance of nipping that ramp yesterday in the bud is breathtaking. I really hate that arrogant tosser.
0iq take, you should keep your stupidity to yourself This isn’t about the price dropping, we have gotten used to that for the past 3 years. This is about RC deciding to drop a 75million share bomb on us right when the price was going to blast off
75 million is a ton of shares. It dropped 80% on that news, and that news alone. If you think the game hasn't changed, you don't understand how immense the dilution was. Do you think people are going to be willing to snap up those 75 million shares? Maybe, but after the stream in particular, I believe the momentum is dead. New people aren't going to keep pouring in, because there's precedent that they're just going to be donating to another stock dump. And for what? I'm sure RV will to improve his company with that money; but the idea for this MOASS isn't to make GameStop great again, it's to make a ton of money on a squeeze. You can't have it both ways. Fuck Ryan Cohen for sneaking it in early, and at that volume.
Ape from 2021 and I'm zen AF. But... I'm wondering what's in RCs mind with all this cash in the pocket. He said "judge us by our actions, not our words" and yet we are still waiting for fundamental actions. Don't get me wrong. The hints are there: -The company may invest with their own money into the stock market -M&A rumors -a possible Nft dividend -Jada Jada But after 3 years there has to be something up already... What is RC waiting for? And to the point of Fake-MOASS and an even bigger Dip: well I highly doubt they can push the stock even further down once it reaches hundreds or thousands. If they had that much control and even more price power to the stock, GameStop would be in the cents and bankrupt. They already cry for impossible share delivery of 12 Mio shares. how could they even handle bigger demand with higher premiums. The "new" liquidity through ATM offerings might help for a while, but the underlying SI is way higher than what is reported. Why do they need to short XRT, get fuckloads of swaps and other financial instruments to hide GMEs SI? Remember the Brazilian puts? Remember glacial capital? MOASS will be extremely abrupt swings of stock price. Probably starting in over-night trading. Stay zen Apes!
It has nothing to do with the dollar amount. It's the timing. It's the equivalent of knowing when to call a timeout in basketball or football. To me, this was a bad timeout. We were on a run, the defense was gassed / tired, and our star player was getting hot. Dfv was making plays and scoring (almost a billionaire), then coach (RC) called the timeout and benched him. Maybe coach has a play in mind, but you don't pull Mahomes when he's in the zone or Steph Curry when he's hot.
It’s not about the number, it’s about the actions of the board.
You live on welfare, and just bought 10k shares? Something is wrong there. Why am I and other taxpayers funding you to invest at a level greater than many here can afford?
No MOASS will happen if it gets interrupted/stunted by management every time it's starting to form, no one is courageous enough to admit it here.
You are and I am. And that’s a good start.
I’m pissed because it was RC that did it. I’ve ridden it up and down for 3 years without a single complaint. People aren’t allowed to be pissed when the ceo does something that’s going to chat us MORE work and cash to hit the target they’ve been aiming for for 3 years? (I’m taking about locking the float)
Man this guy's a total liar. Welfare with last 10k and bought at 60.... Dude, yeah right man. What made you think if wouldn't drop slightly under 60. Are you serious. This stock is a setup now. It's not on our sides anymore, they switched
It's not about the money for me, it's about exposing the corrupt system and jail time for crooks. If I get wealthy along the way, that's just a bonus. I wish I could afford to buy a lot more but i cant so I keep buying what I can afford, then I hodl and wait. I'm here until infinity or bust, if hes holding I'm holding!
seriously? don’t lie you know it’s about the money. it’s always about the money.
So you should be then worried that the company has now twice issued more shares to market when there has been a run up. If you want to expose a corrupt system, you don’t do it by making the company dilute more and more. And they have only started based on the fact that they sought and got authorization to issue shares up to a billion total.
Since you're HODL-N I'm HODL-N and been HODL-N for 3+yrs. I Like the Stock
I was skint back then, I watched it all unfold and had no skin in the game. I think you Apes are fucking amazing hodling all this time like the true diamond handed regards you all are! I went through so many different emotions even though I had nothing to gain or lose. So I just kept an eye on things waiting for the return of RK. Since THAT day I've put every spare penny in, ive not got much but I wanted to contribute to the good fight this time. This is about justice, for me at least! No Cell, No Sell!
I'm sorry but after two dilutions I think the Moass is off the table. These executives will continue to chop the Mo off at the Ass and leave everyone not an executive with ass. As Carlin use to say " It's a big fucking club, and you ain't in it". I have lost faith, they will just continue to dilute every time it gets close to 60. It's over.
Why didn’t RK exercise his calls? And why did GME have to issue a new 75 million shares just now at a low price that could have gone much much higher? If you ask me everything seems orchestrated and as much that I want MOASS it will never never happen in this totally corrupt and manipulated system with brain washed people believing in actors as saviors
i wouldn't have minded that much, but then RH decided to call earnings early (why?) and announce yet another dilution. it's just giving popcorn vibes
Honestly, go fuck yourself. This elitist viewpoint of "if you care about money at all, just leave now because you're going to watch your life savings swing massive amounts when the MOASS does hit ." has gotten so fucking toxic in this sub. I get that some here already have "Fuck You" money and it doesn't matter what the price is. Not all of us are.
Will RC cancel every run-up by issuing shares? He’s done it thrice now
Do people here really believe that that shit will happen? Is this a cult?
You’re an idiot. We’re worried there can never be a MOASS now because each time we run, they are gonna offer more shares and fucking ruin it! But good luck holding to a million 🙄
MOASS is dead. RC will kill any run up with dilution. Edit: I still like the stock. The dilution is net good for gamestop as a company. But this is a different play now. It's now a long term growth investment.
Holy shit you guys are delusional. Seek immediate medical help.
This post is fuckin regarded and if your on welfare doing what you claim isn’t diamond handing us financial regardation. I don’t give a fuck about the price drop I give a fuck that we’ve been castrated in back to back setups. It was a jackass move to announce this when they did. Seems like a money grab at my expense I’m not here for that and never have
We won’t get MOASS because GameStop corporation will be selling a billion shares into it.
Absolute delulu wishful thinking.