in Gamestop's last quarterly filing they had 60 million shares in circulation.
the company had filed to release 20 million more shares (80 million total) as it prepared for bankruptcy (likely courting a Chinese buyer in the near future).
Chances are this is GameStop itself flooding the market with those 20 million shares twofold,
to fucking cash in while hot
because they're a big company and some director probably had their kids threatened
Depends on how much they charged for those shares. I would imagine if they charged too little the old shareholders could bring a class action against them.
It's hard to say. Many people believe the HFs already cut their losses and are out of their short positions so it's all just the little guys left. Good chance that's true. Lots of others think they doubled down and now all the people who got it in on the hype train as their first stocks attempt are panic selling. Also good chance that's true.
The machine is doing all they can to get people to sell. If they hold the line they/we win.
wall street got together and covered their crimes by making more stock -- my guess
just repeating the WSB
in Gamestop's last quarterly filing they had 60 million shares in circulation.
the company had filed to release 20 million more shares (80 million total) as it prepared for bankruptcy (likely courting a Chinese buyer in the near future).
Chances are this is GameStop itself flooding the market with those 20 million shares twofold,
How can a company just release 33% more shares? Doesn’t that devalue the stock already owned by others?
Depends on how much they charged for those shares. I would imagine if they charged too little the old shareholders could bring a class action against them.
Really aggressive short ladder. Volume of trades was very low, and a significant number of buyers.
Hedgie's being dirty.
I have no choice but to hold......hope it rebounds!
Big tech band together with the stock market to stop the wealth for the deplorables
"I Have something to say.. It's better to burn out, than to fade away." In The End.. There can be only one.
Is this week important? Whats the amount it needs to stay above?
I just thought I read most of the shorting contract were called this week
It's hard to say. Many people believe the HFs already cut their losses and are out of their short positions so it's all just the little guys left. Good chance that's true. Lots of others think they doubled down and now all the people who got it in on the hype train as their first stocks attempt are panic selling. Also good chance that's true.
Let’s all buy the dip and pick up some shares tomorrow.
You think that is air you are breathing?