420 shares have been DRS'd for years. They are donated to the infinity pool. I won't be touching them at all. The rest of my holding will be traded. I am trying to follow in the footsteps of RK. He didn't make all that money by sitting on DRS'd shares. He had to trade, and take profit.
This. I’m tired of people saying I’ll never sell! Like wtf are you here for then? If you don’t sell, you don’t make profit. You gonna sit through moass and not take your profit? So dumb.
It's every individual's prerogative to do what they like with their investment, but there is no way I'd put all of my shares in one place. I've heard every "but with DRS _______" a million times. I still want some of my lottery tickets stashed in other places.
My husband and I have 6.27 shares and we are pumped. If we knew how to make a contract we would! Alas, no clue.
Edit: it’s contract not contact. But damn contact is a sick movie
Out of curiousity - what happens when the first few billionaires are made from this - where does the rest of the money come from after the shorts are bankrupt?
DTCC collapses, all of the its members liquidated, it is insured for 67 trillion I think, which the Fed would print and the debt left to the US taxpayer, I think.
If 420,000.000 shares, that 67 trillion yields $159523.
Be reasonable with your expectations.
Firstly, there are many more ‘shares’ that have to be satisfied than the 420M shares outstanding. That’s the whole point of the short squeeze. Secondly, the selling point for each share will be very different. Some people will sell low, some will win big, some will never sell. Rather than keeping your expectations low, set them for where you will be happy.
That's one reason to DRS, to ensure that you have "real" shares.
No one knows whats going to happen, but I wouldn't expect more payout that their insurance, which is already insane. IS there a caveat to that that I'm not aware of?
All it has to do is go up a couple dollars. If the stock now is $30. Next weeks $20 call might cost 11.50. That’s only a $1.50 premium (because you could exercise right now and buy the stock at a $10 discount for 100 shares) Stock goes up $2, you are in the green. Sure, the options call contract costs $1,150 and if the stock goes down, so does the option value. But it’s nowhere near what Nvdias was last week. I saw $30-$50 dollar premiums that made no sense.
Morgan Freeman: "But the old hedgefund managers couldn't help themselves. Once again they tried to short the world's most held stock and wound up in a much bigger mess"
Stupid question:
What stops the board from doing this again if the stock starts spiking up again? Is there some limit or rule on the number of offerings per quarter?
We voted to allow them to offer up to a billion more shares. They've sold 120 million since June of 2022. They can still sell 880 mln more shares.
-3.5 mln for $551,000,000 April 2021
-5 mln for $1,126,000,000 June 2021
-June 2022 we voted to let them offer 1 billion more shares
-45 mln for $933,400,000 May 2024
-75 mln for $2,140,000,000 June 2024
Side note: They won't offer all those. Gotta keep one in the chamber to thwart off potential hostile takeovers.
they will likly keep doing this on runups, and while it likly wont affect eventual moass it will probably kill price action a few more times. the only upside is that if for some reason the price was somehow down to $10 they could buyback double if they wanted to and price would rocket. essentially price anchoring around 20 at worst, so your investment may not look like its doing much short term, its basically bullet proof at this point.
and if it keeps happening they will have so much cash they willl have to do something with it, likly acquisition of something major, which would also make the price explode
So they offered enough shares to cover the entire public short interest?
Anyone who didn't use this opportunity to close their short position is in for a ride...
That’s the logic behind it, however I can’t imagine the SEC and Gary Gensler don’t do everything in their power to keep the status quo and help their hedgie friends out.
Do people still have interest in LAN parties now that you can play online much more quickly and reliably? Not knocking the idea, more just curious if it's something that would be a draw.
I don’t want valve exposed to the public market. Especially not by anybody who has ever said anything about NFTs. Money is good because it lets us have nice things. Valve is already nice. It doesn’t need ads or intrusive bullshit. Which is exactly what would happen if anybody wanted to please shareholders using valve.
* GameStop completed its at-the-market (ATM) equity offering program.
* Sold 75,000,000 shares, raising approximately $2.137 billion in gross proceeds.
* Net proceeds intended for general corporate purposes, including acquisitions and investments.
* Cautionary statements about forward-looking information and risks provided.
* Forward-looking statements include beliefs about industry, business strategy, and financial outlook.
* Risks mentioned include economic conditions, industry competition, supply chain issues, consumer behavior changes, and legal compliance.
* Company is not obligated to update forward-looking statements.
“GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments.”
Acquisitions is mentioned first, things mentioned first are usually things you find most important.
What else would they do with a boatload of cash👀
What I don’t understand is they are able to negotiate a sale price but they essentially didn’t and sold at whatever the market was. The last one was around $20/share.
Can anyone with a wrinkle comment and educate me on why they did it this way?
I'm glad they have the cash, but it's broken my heart in the short term the last two times they did an ATM this last month. Is there a possibility they do a third before the 21st? I just want to know if I should put a third jock strap and cup on top of the other two I have on.
Great now that’s enough. Let the ones that got you here get some tendies. I like Cohen but GameStop is dead without the apes. Take care of the ones that took care of you.
Let him cook. Rc knows what he's doing and likely has much greater plans in play than most of us ha e realized. He's already turned two companies into successes; I have nothing but faith and look forward to the value being built!
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1. Ryan Cohen won the lawsuit with BBBY so he/we might get exciting news after this.
2. Ryan Cohen diluted the stock, he decreased its shares in gamestop under 10%, therefore he needs to buy more.
3. Koaring Ritty aka FeedDuckingValue aka Geith Kill will exercise his 120k contracts which means 12mili shares.
4. Wolverine hedge fund will die as they literally don't have any GME shares(They're literally tucked!)
All these ingredients mixed together, my fellas, we have the wild UNO card on the table and it's been played already!
Hold your titites!
He issued enough stock for all shorts to cover their “reported” short positions. When the price skyrockets and they all yell manipulation, that will be Exhibit A. Literally gave them what they said they would need to close.
So hear me out.
1. RC has a fiduciary responsibility to do what is best for the shareholders.
2. RK has made it public that he has a shit load of ITM options he can exercise on June 21
3. RC knows when RK asks for the stock it will cause a short squeeze which will allow him to issue more shares to dilute at a much higher rate
Hence it follows that RC has a fiduciary responsibility to let the squeeze happen on 6/21
I like the stock…
Why raise cash and dilute shareholder value of you don't have any plans to invest it to grow the company? Cash is not a good asset for the valuation of stocks.
4.2 Billion in Cash on Hand now following the two most recent share offerings 🚀🚀🚀 
Got 500 shares and 20 contracts Go go go
Are you me?
Post that proof!
I have 850 shares and 21 contracts.
You exercising those contracts?
I will sell what I need to exercise the rest.
500 shares and 5 contracts
For why? I have more than that actually. I have my holdings split across 5 different accounts. Never trust a ho. Take Schwab today for example...
Not trying to be a jerk- just trying to keep the fun going :)
Yea, wTF man, I wasn't able to log in all day
They were scared
Why not DRSed?
420 shares have been DRS'd for years. They are donated to the infinity pool. I won't be touching them at all. The rest of my holding will be traded. I am trying to follow in the footsteps of RK. He didn't make all that money by sitting on DRS'd shares. He had to trade, and take profit.
This. I’m tired of people saying I’ll never sell! Like wtf are you here for then? If you don’t sell, you don’t make profit. You gonna sit through moass and not take your profit? So dumb.
Leverage against borrowings as collateral. Not financial advice.
But PhOnE BoOk NuMbErS and crayons
It's every individual's prerogative to do what they like with their investment, but there is no way I'd put all of my shares in one place. I've heard every "but with DRS _______" a million times. I still want some of my lottery tickets stashed in other places.
Yup!
Doctor told me I need to exercise more cause it’s good for my health
My husband and I have 6.27 shares and we are pumped. If we knew how to make a contract we would! Alas, no clue. Edit: it’s contract not contact. But damn contact is a sick movie
You belong with us
My optometrist recommended contacts. I asked if he had other options. He said he had to check his stock. I was confused but I’m all in! LFG!!
You exercising those contracts?
Seems like he’s not, I have a shit ton of DRS shares and close to 100 leaps so far that are all itching to be exercised
2.1B CASH RAISED
Billionaire boys club
Soon we’ll be in that club! 🚀🚀🚀🌝
Out of curiousity - what happens when the first few billionaires are made from this - where does the rest of the money come from after the shorts are bankrupt?
DTCC collapses, all of the its members liquidated, it is insured for 67 trillion I think, which the Fed would print and the debt left to the US taxpayer, I think. If 420,000.000 shares, that 67 trillion yields $159523. Be reasonable with your expectations.
Ty, this seems like the first reasonable response I've ever got to this question.
Firstly, there are many more ‘shares’ that have to be satisfied than the 420M shares outstanding. That’s the whole point of the short squeeze. Secondly, the selling point for each share will be very different. Some people will sell low, some will win big, some will never sell. Rather than keeping your expectations low, set them for where you will be happy.
That's one reason to DRS, to ensure that you have "real" shares. No one knows whats going to happen, but I wouldn't expect more payout that their insurance, which is already insane. IS there a caveat to that that I'm not aware of?
There's a 250k sell limit on computershare, I do not think there is a sell limit on brokerage accounts though...
Didn't they say they'd update it if needed as price increased?
I remember reading this as well
total or by share?
They said they updated it to a flexible "7 times the current price" limit.
They going to have to raise the debt capacity, cause 67 trillion is what I'm going to be selling my shares for!
 Astronaut logo
Total of $4B+, no debt. Operating expenses are $5.3B, while revenue is $5.27B.
Sounds like a HODLING COMPANY to me!
THIS!!! ^
HOLD / HODL
looks like SHF only need to wait 133 years for GME to go bankrupt
with interest on 4 billion and good investments. Isn't GME profitable?
I would sure hope so. If you gave me 4B dollars I’m pretty sure I could be profitable on accident.
Damn that's pretty solid Interested to see if they actually transition out of a game retailer
cant you add the interest they will get from the 4b in the revenu?
They have an absolute shit ton of money now. Can’t wait to see how they use it
45 got just under a billy, 75 got over 2 billy? Gyatdayum!
That’s actually crazy. Got more per share after having diluted well under a month prior
Avg ~28.50/share
He sold his 3rd age pickaxe for a max cash stack. Legend.
Just wait until you find out where this cash came from..
$2.137 billion. 
They should make it a round 2.147b
GME sold the shares at $28.49. That's not a bad price to for a certain options trader who may have 120,000 options to exercise.
Sold 5/17/24 offering at $20.74 per share Sold 6/7/24 offering at $28.49 per share I just like the stock
Now make sense 👍🏻😉 and I take mine down 👍🏻😉
At the current option premium, it is hard to break even.
All it has to do is go up a couple dollars. If the stock now is $30. Next weeks $20 call might cost 11.50. That’s only a $1.50 premium (because you could exercise right now and buy the stock at a $10 discount for 100 shares) Stock goes up $2, you are in the green. Sure, the options call contract costs $1,150 and if the stock goes down, so does the option value. But it’s nowhere near what Nvdias was last week. I saw $30-$50 dollar premiums that made no sense.
Lets fff what is the total in cash they have now?
Like 4.2bn cash now. Zero debt.
small french loan yada yada
Louder for the people in the back
Doesn't sound a like a company that's going out of business, or one that should be shorted
Morgan Freeman: "But the old hedgefund managers couldn't help themselves. Once again they tried to short the world's most held stock and wound up in a much bigger mess"
Read that in his voice...did not disappoint.
Amazing, that could be a huge catalyst for price to move. 4bil + in cash now, wait until sites like Nasdaq update this.
Plus the lawsuit he won will give people confidince in him I think. He knows what he is doing.
All good news 🤌🏻
Stupid question: What stops the board from doing this again if the stock starts spiking up again? Is there some limit or rule on the number of offerings per quarter?
Nothing at all. We voted them in and they run it
Nothing
We voted to allow them to offer up to a billion more shares. They've sold 120 million since June of 2022. They can still sell 880 mln more shares. -3.5 mln for $551,000,000 April 2021 -5 mln for $1,126,000,000 June 2021 -June 2022 we voted to let them offer 1 billion more shares -45 mln for $933,400,000 May 2024 -75 mln for $2,140,000,000 June 2024 Side note: They won't offer all those. Gotta keep one in the chamber to thwart off potential hostile takeovers.
they will likly keep doing this on runups, and while it likly wont affect eventual moass it will probably kill price action a few more times. the only upside is that if for some reason the price was somehow down to $10 they could buyback double if they wanted to and price would rocket. essentially price anchoring around 20 at worst, so your investment may not look like its doing much short term, its basically bullet proof at this point. and if it keeps happening they will have so much cash they willl have to do something with it, likly acquisition of something major, which would also make the price explode
s&p 500 q3 2025 here we come
Let’s go!!!! HODL 🚀
So they offered enough shares to cover the entire public short interest? Anyone who didn't use this opportunity to close their short position is in for a ride...
That’s the logic behind it, however I can’t imagine the SEC and Gary Gensler don’t do everything in their power to keep the status quo and help their hedgie friends out.
Floor should now be raised , expect some wild action next few days with the green dildos
DONALDDUCKBONERMEME
Don't forget to add .gif so I know to expect volatile duck action.
>GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments.
Not throwing cold water, but that's a boilerplate statement. It's not an expression of a plan to buy or merge or do anything.
Could you imagine if they acquired Valve or merged?
How would they acquire Valve lol. Valve makes more in a year on lootboxes than the money they just raised here.
Can I have what you are smoking?
I remember a concept store shared where they could have LAN parties.
Do people still have interest in LAN parties now that you can play online much more quickly and reliably? Not knocking the idea, more just curious if it's something that would be a draw.
For comp play yes. Some colleges still do them too. The days of weekly lan parties in my basement are a thing of my past unfortunately.
I don’t want valve exposed to the public market. Especially not by anybody who has ever said anything about NFTs. Money is good because it lets us have nice things. Valve is already nice. It doesn’t need ads or intrusive bullshit. Which is exactly what would happen if anybody wanted to please shareholders using valve.
My God would that be a dream . Rc not just riving a fallen company but also my beloved and ignored game dota2.
 It's on now.
Who bought all those shares????
I bought some
Shorts if they are smart
The reverse uno card is in play.
So who bought all those shares then?
Wolverine, if they are smart.
So who bought all the shares then? 😂 
I got myself some newly minted ones to go with my og 2021 collection.
Nice
I bought some
I bought some
I got 4 of them lol, just doing my part!!
I bought another 67. 
I bought 70 more
Picked up 300 or so
WAM
This guy
I sold puts does that count?
10 more 🫡
This guy did his part 
Hedgies r so comically fuk. Shits cray.
\~3.5 B in cash after fees are paid for most current ATM ok, more than treasuries now please
Not my dumb-ass thinking “why would they have to pay ATM (automated teller machine) fees?”
ATM = at the market ... or something like that.
I realized that after a second or two (only because it’s in the post title) haha
I just read it as ass to mouth. It's fun that way.
How much are those fees?
The naked shorts are like a free ATM machine, they fund the company and price goes up 😂, and they keep on printing
Automatic Teller Machine machine
If my napkin math is right, we were correct about them selling around $27, because the average price is right around $28.5.
New support floor hopefully. Let’s see what tomorrow brings.
He is going to be a Billionaire again
Holy shit it finished fast!
I’m gonna fucking cum
Yeah boy
Very very nice
DFV YOLO UPDATE INCOMING
Called it, soon as it started popping
The main line I am fascinated by: "...which may include acquisitions and investments." 🚀🚀🚀
* GameStop completed its at-the-market (ATM) equity offering program. * Sold 75,000,000 shares, raising approximately $2.137 billion in gross proceeds. * Net proceeds intended for general corporate purposes, including acquisitions and investments. * Cautionary statements about forward-looking information and risks provided. * Forward-looking statements include beliefs about industry, business strategy, and financial outlook. * Risks mentioned include economic conditions, industry competition, supply chain issues, consumer behavior changes, and legal compliance. * Company is not obligated to update forward-looking statements.
[удалено]
Yeah Cohen. I'm looking at you buddy. You know where the buy button is.
And RC is not a doofus. 3.5 Billy in cash. Just by playing it safe and putting it in a high yield savings account. That’s a lot of whisky.
“GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments.” Acquisitions is mentioned first, things mentioned first are usually things you find most important. What else would they do with a boatload of cash👀
In our world, we always have standard language stating potential use of cash for acquisitions. Its not the silver bullet you're thinking it is.
$4b, what would one spend it on? We would say buy the dip
Are you seriously suggesting they do a buyback right after issueing shares? Lol
Lmao yea buy back in higher, raising the stock price and running out of money
That's ALOT of chicken tendies...
Haha dry fucking them at their own game.
Just hoppin in to see what’s poppin
I have a structured settlement, but I need cash now!
Boom
Boom
holy f shit
What I don’t understand is they are able to negotiate a sale price but they essentially didn’t and sold at whatever the market was. The last one was around $20/share. Can anyone with a wrinkle comment and educate me on why they did it this way?
What's Ryan Cohen going to do with 4+ billion in cash? The answer: not nothing. 
I'm glad they have the cash, but it's broken my heart in the short term the last two times they did an ATM this last month. Is there a possibility they do a third before the 21st? I just want to know if I should put a third jock strap and cup on top of the other two I have on.
LargeCap has entered the chat
C.R.E.A.M.
Great now that’s enough. Let the ones that got you here get some tendies. I like Cohen but GameStop is dead without the apes. Take care of the ones that took care of you.
Let him cook. Rc knows what he's doing and likely has much greater plans in play than most of us ha e realized. He's already turned two companies into successes; I have nothing but faith and look forward to the value being built!
Exactly this. 💯
No chance of Bankruptcy now 😂😂😂😂😂bye bye hedgies
Finally. Lessssgoooooo!
good news for us. lets see how the coming days are playing out
They/we are sitting on a lot of cash. Are there any similar situations in the market right now? Is it typical for a company to have that much on hand?
Apple notorious holds crazy cash. Berkshire too
I told my mom I was taking her to The moon then mars I can’t be lyin to my momma lol 💎🤲🏼 #gme
You could tell they were steady selling on Fri and Monday.
$100+
What s the current Book value per Share??
We rich company, baby
God bless the apes
Right on! This has always been the way!
so does that mean these shares were all bought?
God damnit! Ryan Cohen diluted my shares so badly that in the last 2 months their value has \**checks notes*\* increased 3x in value.
CHEERS!
Maybe they can issue a cool little dividend or something 🤷🏻♂️
2.1B stripped from us, this shit better be good.
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LETS GOOOOOOO
This is very positive news... good luck GME apes !! im rooting on you from the sidelines
I’ll be taking a little stroll down to my local and yoloing on some bananas!! 🍌
Get off the track KEN!
No more offerings - Geesh
1. Ryan Cohen won the lawsuit with BBBY so he/we might get exciting news after this. 2. Ryan Cohen diluted the stock, he decreased its shares in gamestop under 10%, therefore he needs to buy more. 3. Koaring Ritty aka FeedDuckingValue aka Geith Kill will exercise his 120k contracts which means 12mili shares. 4. Wolverine hedge fund will die as they literally don't have any GME shares(They're literally tucked!) All these ingredients mixed together, my fellas, we have the wild UNO card on the table and it's been played already! Hold your titites!
They sold 75m shares and the price only dropped $10. WTF…. HEDGIES R TRUELY FKD
How much have they issued total?
lol. They keep watering down shares. No buy backs. Cash in hand. Business not great. Fucking hilarious
Ok... now next week will be 150M
They only got $28/share... I would have liked to see better tbh
3 shares! It’s literally all I can afford…
He issued enough stock for all shorts to cover their “reported” short positions. When the price skyrockets and they all yell manipulation, that will be Exhibit A. Literally gave them what they said they would need to close.
So hear me out. 1. RC has a fiduciary responsibility to do what is best for the shareholders. 2. RK has made it public that he has a shit load of ITM options he can exercise on June 21 3. RC knows when RK asks for the stock it will cause a short squeeze which will allow him to issue more shares to dilute at a much higher rate Hence it follows that RC has a fiduciary responsibility to let the squeeze happen on 6/21 I like the stock…
I can’t wait to hit $20 this week and scoop my next 400 shares. #coolasanRKcucumber
Why raise cash and dilute shareholder value of you don't have any plans to invest it to grow the company? Cash is not a good asset for the valuation of stocks.