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
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?