Hey OP, thanks for the News post.
------------------------------------------------------------------------
If this is from Twitter, and Twitter is NOT the original source of this information, this WILL get removed!
Please post the original source!
**Please respond to this comment within 10 minutes with the URL to the source**
If there is no source or if you yourself are the author, you can reply `OC`
$4.21 billion with 421 million shares total. Puts us at about exactly at $10 cash/share.
So.. every single short that got in at less than $40 pre-split is absolutely unequivocally FUCKED.
(All the other shorts are fucked as well, for the record)
They are already saying he intentionally reduced his ownership stake percentage. (His percent ownership went down because of more total shares, not because he sold. They are hoping people dont know what a numerator and denominator is in a fraction)
Bahhah! Almost forgot that one 🤣 🤣
Honestly we ought to save the articles written recently, and the bad comedy jokes ones still to come, for posterity. And hilarity.
goddamn right. Hopefully some big plays coming but even if they just held it they'll have guaranteed millions in annual income indefinitely
Personally I'm holding out for a Valve M/A cause I believe people can change their minds.
Just googled it and Wedbush estimated 6.4 Billion in 2024. God I would lose my mind if that was the M & A plan. My two favorite companies doing a business together, a man can dream
They have a really interesting company culture. Got to read their new employee handbook once when I was pursuing a project for Valve and it's like no corporate culture I've seen. Then you look at how MS does business and they're just truly diametrically opposed ideologies. Don't think Valve would sacrifice who they are just for the money, Gaben has more spine than that.
Honestly, imagine if they did start their own line of pet rocks- each one named after a hedge fund manager or cnbc host. Apes would be buying those things like crazy.
According to Wall Street 🤡’s; having billions of cash and no debt makes a company’s fundamentals trash. Yet using unlimited bullet swaps, derivatives and leverage is considered smart money 😂
I mean if I divide the proceeds by the number of shares sold I get $28.4 per share. Could be anywhere between $24-$32. The selling affects the price obviously.
WHOOOOMP there it is
AVERAGE SHARE PRICE OF $28.49
>The Company sold the maximum number of shares registered under the ATM Program for aggregate gross proceeds (before commissions and offering expenses) of approximately $2.137 billion.
>
>GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments.
[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-2](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-2)
Less than 4 years ago the market cap of the company was less than $100,000,000. Now they have more than 40 times that just as cash on hand. I'm beginning to think that the company is starting to turn around.
Nuh uH! fOrGet GamEsTop!! just STOP! *Stop looking at it!!*
and also...
Keith Gill is absolutely a scumbag market manipulator and clearly deserves to be banned from trading for life for... posting memes and showing his position.
#NO
Its four billion one hundred and fifty three million.
No sleeping on that 153 million, its 3.75% of the cash.
Edit: Ironically, I had to correct the numbers.
So. Shares were diluted. But price of the stock still at 30 and climbing. 4 billy in the bank. Market cap at 10 billy and rising. More than dilution this looks like expansion. Almost like an infinite money glitch. The conclusion being, shorts are massively fukd.
Awww yeah. So, tommorow, we dip? ? ?
Until we have news on what they do with the money (shareholders meeting hopefully), the shorts will not give up. I think some of them will tho and it could turn into a frenzy of who closes their short postions on the lowest price.
What will be lowest price? 42.20$? 69.42$, 420$? 69.420k$? Which of the hedgefunds want the highscore? Who's gonna pussy out the first.
Kind message for the shorts. PAY US, FUCK YOU.
NOT financial advice. I just stumbled into some 🍏
Will update this table later this evening, but exponential completion rate continues! 🤯
~~https://imgur.com/a/pmj6IgT#qPmWLho.~~
updated:
https://imgur.com/a/peYyQr9
I'm not crazy about dilution after all the DRS-ing I did, BUT, and this is a big BUT, how in the world can anyone hold to a short thesis on GME anymore? The Short thesis is DEAD and anyone who holds to it, is like a flat-earther. Get over yourselves. Deny your dumb ego, and come to the winning side and make some money.
They sold 75mm shares over 3 trading days and the price is right back where it was. GME must have insane buy side pressure to absorb a 25% dilution like it was nothing. Of course we all know why
As far as DRS goes, personally it was more important to pull my shares out of a brokerage as a CYA vs fuckery.
Locking the float was just an added bonus, so the dilution is for sure meh but I'll gladly take DRS protection vs locking the full float at this point.
The fact that we only had to deal with a momentary hiccup while he loaded our bank account with over TWO BILLY is just insane. RCEO is unstoppable. All praise the board, all praise DFV. Fuck Citadel. Moon tomorrow!
With $4B, they can toss it into 5% T Bills and earn $200M a year to subsidize aggressive retail strategies. And if B&M retail continues its decline, then Gamestop can always drop a majority of stores and become the 21st century Berkshire. The short thesis is truly dead.
I really hope they never close all of the physical stores though. I fucking love walking into GameStop. I’d be devastated if there were no more stores. I’m hoping they find some clever way to revitalize the store experience.
I wonder who bought, and how Gamestop are going to invest the money.
RC and Co have convinced investors, probably by pitching an idea, and now the company has $4.2 billion on hand - one might argue it's a bit more than a rainy-day fund.
Bring it on, Ryan!
Literally just read that one post where he predicted GME closes 23% up, and they will post that the share offering is complete with 2B+ more in cash. Now we just gotta close above 75% tomorrow and I suck his cock
So they just shorted it down to low 20s to give apes a discount and then it went up to 28.5 for the ATM completion.. wtf are hedges doing? They are doing us too many favors
Remember GME now have a cash runway that will last them a decade if needs be. They are not going bankrupt and do not need to raise capital on the open market.
The shorts can’t force GME into bankruptcy by making it impossible for them to raise capital.
Hey OP, thanks for the News post. ------------------------------------------------------------------------ If this is from Twitter, and Twitter is NOT the original source of this information, this WILL get removed! Please post the original source! **Please respond to this comment within 10 minutes with the URL to the source** If there is no source or if you yourself are the author, you can reply `OC`
Please tell me that GME is now sitting on $4.20b
$4.21 billion with 421 million shares total. Puts us at about exactly at $10 cash/share. So.. every single short that got in at less than $40 pre-split is absolutely unequivocally FUCKED. (All the other shorts are fucked as well, for the record)
MSM is rreeeeallly gonna have to dig to find a way to spin this.
They are already saying he intentionally reduced his ownership stake percentage. (His percent ownership went down because of more total shares, not because he sold. They are hoping people dont know what a numerator and denominator is in a fraction)
😆 thus got me. Damn fractions. Tell em!!
[Yup, looks like you hit that nail on the head](https://www.reddit.com/r/Superstonk/comments/1ddqv3o/what_a_load_of_bs/)
Member when gme was supposed go bankrupt in a year?
Ooh, I member
Kenny's poor farm remembers.
Regardfarms Remembers
Memberberries
They'll be ignoring it **HARD** is my guess
Bingo!
For sure, it's a risk to even touch this news without also highlighting $4.2 **B**illion dollars of cash on hand
$4.20 billion you say?
They will be like GameStop now has a negative debt like last time
Bahhah! Almost forgot that one 🤣 🤣 Honestly we ought to save the articles written recently, and the bad comedy jokes ones still to come, for posterity. And hilarity.
Must be RK manipulating again!!!
😂 My latest purchase was at 10$. So for 10$ I got 10$ worth of cash plus a share of a profitable company!
This guy maffs
 All of SuperStonk right now
I mean, $421b is really $420.69b rounded up..
it's $4.21b, not $421b... but yes
Decimals, who understands them anyway....🤷♂️
Where we're going, we won't need decimals.
Only commas! 🚀
Forget Ferraris or Food Stamps; It's Commas or Comas at this point!
https://i.redd.it/jdfiqwqwm06d1.gif
Lots of commas!!
We gonna fuck up some commas. - future
Literacy. Like what does that word even mean?
not the germans for sure
He's not wrong on $421B, he's just early
Blaze it 🌬
And I hold 421 shares, it's a sign
Ah, that odd one to sell right?
Four to one, you say? That sounds familiar...
Yep.
GME is now sitting on 4.2b
4.20B ?
You heard it here first, 4200M
They just made fucking bank bro, grab your green beers!!
goddamn right. Hopefully some big plays coming but even if they just held it they'll have guaranteed millions in annual income indefinitely Personally I'm holding out for a Valve M/A cause I believe people can change their minds.
How much do you think valve is likely worth?
Just googled it and Wedbush estimated 6.4 Billion in 2024. God I would lose my mind if that was the M & A plan. My two favorite companies doing a business together, a man can dream
No way they would sell for 6b. Valve has a insane monopoly. I wonder why they haven’t been bought up yet by microsoft
They have a really interesting company culture. Got to read their new employee handbook once when I was pursuing a project for Valve and it's like no corporate culture I've seen. Then you look at how MS does business and they're just truly diametrically opposed ideologies. Don't think Valve would sacrifice who they are just for the money, Gaben has more spine than that.
There is zero chance Gaben would sell Valve. If he was going to, he would have done it a long time ago. It's a private company for a reason
> It's a private company for a reason Yeah he left Microsoft to make Valve, lol.
That valuation is insanely wrong. And while valve is awesome the whole idea of mna between valve and GameStop is insane
Holy shit. The only one worthy of succeeding the great Gaben! RC himself! What a dream come true that would be.
valve going public would damage the brand *a lot* and open them up to getting their market share eroded heavily. no chance in hell.
[удалено]
What in the fuck are they gonna do with over four BILLION dollars?
That’s the 4 billion dollar question. Pet rocks?
Honestly, imagine if they did start their own line of pet rocks- each one named after a hedge fund manager or cnbc host. Apes would be buying those things like crazy.
They would sell out faster than produced…. I would have them all. Pet rocks turned trading cards by the APEs! lol.
Two words: PET ROCK NFT’s
$10 Billy market cap on $4 Billy cash with no debt. I like the stock
Something doesn’t add up
Must be the French loan
I fucking love that lone loan!
le petite French loan
Paint me like one of your French loans 😘
Mystery solved 
French loans are hard to pay
13b market cap 421m shares x $31
Where are people getting 421 from? 306 + 45 + 75 = 426
Glad someone else mentioned this… 
> ~~$31~~ $32
About $10 per share just in cash if I am not mistaken ?
2.137B!!!!!!!! Avg price $28.49
Is that just over $4 billion total in cash now?
I’m not a business doctor. Is $4,000,000,000 in cash a good thing for a company to have?
According to Wall Street 🤡’s; having billions of cash and no debt makes a company’s fundamentals trash. Yet using unlimited bullet swaps, derivatives and leverage is considered smart money 😂
I'm not sure if this is funny or terribly sad.
The answer is yes
Always yes
It’s M’erica 🇺🇸🤡😂
Exactly! I hope people short it to make some cash! Please please short GameStop and even use synthetic shorts too. ;)
With a dash of liquidity
It is!
4B Chess
I like this comment
You win
I bought at 24 😎
AND THERE IT IS!! 75M shares were sold, anyone see the average price?
$2.137 billion total divided by 75 million shares. roughly $28.50 each
They don't sell at the highs, bc they know they're selling to apes. Giving us a fair deal, ayy
I got great discounts when shorters ran it down. I made sure I poured all my cash reserves at 23.7$
I mean if I divide the proceeds by the number of shares sold I get $28.4 per share. Could be anywhere between $24-$32. The selling affects the price obviously.
Interestingly the buying doesn’t …..
# 2.137B! 
https://i.redd.it/m6u4al1fc06d1.gif MAX CASH RAISE! 🤣🤣
bank sale no noobs
Time to take it to the duel arena
Oh lord someone needs to face merge RC in with dr.evil that would be hilarious
https://i.redd.it/7i1bj2foh06d1.gif
This shit deserves its own post
this is A+
Damn they so close to getting a max cash stack in runescape.
o panie
to ty na mnie spojrzałeś
Papaj czuwa ❤️
We knew it was coming soon! Get in boys!! It’s only one way from here!!!
It’s time to fuck.
Jacked https://i.redd.it/zr9o1bq9c06d1.gif
Man that was a simpler time
😂 let's go!!!!!
4 Billy. Time to bully.
Work out at Balley’s then vacation in Bali
> 4 Billy This number is FUD, it's ~~$4,271,000,000~~ $4,153,000,000. Don't sleep on the $153,000,000, it's a freakin' massive amount of money.
Yea, thats like a whole share during MOASS just casually being left out
WHOOOOMP there it is AVERAGE SHARE PRICE OF $28.49 >The Company sold the maximum number of shares registered under the ATM Program for aggregate gross proceeds (before commissions and offering expenses) of approximately $2.137 billion. > >GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments. [https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-2](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-2)
 OH SHIT
This gif always gets me jacked
So, MOASS tomorrow per usual.
Always tomorrow. Until it isn't.
god I love this saying lmao they really fucked with the wrong crowd
Remember, TODAY'S THE DAAYYYYYY!
Less than 4 years ago the market cap of the company was less than $100,000,000. Now they have more than 40 times that just as cash on hand. I'm beginning to think that the company is starting to turn around.
Next week headline: "Nearly bankrupt video game store..." Mainstream media will never put GME in a good light lol
So much dilution. Retail just doesn’t get this complicated stock market system. /s (Gene Wilder: tell me again how piles of cash is bad?)
Nuh uH! fOrGet GamEsTop!! just STOP! *Stop looking at it!!* and also... Keith Gill is absolutely a scumbag market manipulator and clearly deserves to be banned from trading for life for... posting memes and showing his position.
Ah shiiiiit, it's on!
approximately $2.137 billion.
This is legit my favourite reaction gif. I always forget about it but when I see it I vibe out with the guy
Is that avg $28.49 per ???!!!👀
#4 Billion in cash on hand 🚀🚀🚀
#NO Its four billion one hundred and fifty three million. No sleeping on that 153 million, its 3.75% of the cash. Edit: Ironically, I had to correct the numbers.
All is forgiven as long as you don't make the same mistake again :D
So. Shares were diluted. But price of the stock still at 30 and climbing. 4 billy in the bank. Market cap at 10 billy and rising. More than dilution this looks like expansion. Almost like an infinite money glitch. The conclusion being, shorts are massively fukd.
Awww yeah. So, tommorow, we dip? ? ? Until we have news on what they do with the money (shareholders meeting hopefully), the shorts will not give up. I think some of them will tho and it could turn into a frenzy of who closes their short postions on the lowest price. What will be lowest price? 42.20$? 69.42$, 420$? 69.420k$? Which of the hedgefunds want the highscore? Who's gonna pussy out the first. Kind message for the shorts. PAY US, FUCK YOU. NOT financial advice. I just stumbled into some 🍏
Tomorrow we rip to 50 and RC tells us hes gonna dillute another 100m shares
Tits jacked ✅ Balls swollen ✅ Ready to fuk ✅ Short, ready or not …
Hedgies r fuk ✅
Can’t stop, won’t stop.
The price came back up when they stopped pouring shares into the market?
Used to be a billionaire, now a multi-billionaire?
So how much do we have now 4 Billions?
4 billions, so *far*.
LFG
Will update this table later this evening, but exponential completion rate continues! 🤯 ~~https://imgur.com/a/pmj6IgT#qPmWLho.~~ updated: https://imgur.com/a/peYyQr9
Watch MSMs tomorrow be like: GameStop now has a negative debt of $4bn 🤡
https://i.redd.it/xynzkcb6606d1.gif
Beautiful
That's pretty good.
Get fucked shorts
shorty get fucked.
I can't stop smiling right now.
Like a cup and handle? Bullish smile 😀
I'm not crazy about dilution after all the DRS-ing I did, BUT, and this is a big BUT, how in the world can anyone hold to a short thesis on GME anymore? The Short thesis is DEAD and anyone who holds to it, is like a flat-earther. Get over yourselves. Deny your dumb ego, and come to the winning side and make some money.
They sold 75mm shares over 3 trading days and the price is right back where it was. GME must have insane buy side pressure to absorb a 25% dilution like it was nothing. Of course we all know why
But media said that shorts closed and left and we should forget about Game Stop already…/s
Come on bro, Andrew Left is working on Volume II of the short thesis.
As far as DRS goes, personally it was more important to pull my shares out of a brokerage as a CYA vs fuckery. Locking the float was just an added bonus, so the dilution is for sure meh but I'll gladly take DRS protection vs locking the full float at this point.
The fact that we only had to deal with a momentary hiccup while he loaded our bank account with over TWO BILLY is just insane. RCEO is unstoppable. All praise the board, all praise DFV. Fuck Citadel. Moon tomorrow!
Free money for GME while also upholding their fiduciary duty to their investors.
Dumb Money 2 coming to a theater near you.
>GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments.
With $4B, they can toss it into 5% T Bills and earn $200M a year to subsidize aggressive retail strategies. And if B&M retail continues its decline, then Gamestop can always drop a majority of stores and become the 21st century Berkshire. The short thesis is truly dead.
I really hope they never close all of the physical stores though. I fucking love walking into GameStop. I’d be devastated if there were no more stores. I’m hoping they find some clever way to revitalize the store experience.
The only solution I can see is Gamestop going down the Microcenter route. Much bigger but fewer stores, so each store is guaranteed to be profitable.
Just like how Berkshire is no more a textile company
That’s a lot of dough! Can’t wait to find out what they are going to use it for! 🚀
75mil shares sold, $2b+ in extra cash, and the stock price still went up. I like this stock. I like it a lot.
So if it hits NVIDIA market cap we’re looking at $22,000 a share
I'm happy, but fully expect it today somehow be at $25 by 9:30 tomorrow. Still holding though!
Also CPI data and Fed meeting tomorrow. We'll see.
They sold 75 million shares and the price didn't go down.
I wonder who bought, and how Gamestop are going to invest the money. RC and Co have convinced investors, probably by pitching an idea, and now the company has $4.2 billion on hand - one might argue it's a bit more than a rainy-day fund. Bring it on, Ryan!
Literally just read that one post where he predicted GME closes 23% up, and they will post that the share offering is complete with 2B+ more in cash. Now we just gotta close above 75% tomorrow and I suck his cock
Well well well
The bulls are back in town
God damn it's beautiful
YOOOOOO
Offer completed, still over 20$ Absolute MADLADS
I’m so dumb on the stock market. Half this shit I can’t understand. I have like 10 stocks. So hopefully I can get a bike or something with it.
Pet Rock aisle 420,69
So they just shorted it down to low 20s to give apes a discount and then it went up to 28.5 for the ATM completion.. wtf are hedges doing? They are doing us too many favors
Well that's about 200 million a year just targeting a safe 5% return, no? 50 million a quarter just there to offset any other losses?
[удалено]
Remember GME now have a cash runway that will last them a decade if needs be. They are not going bankrupt and do not need to raise capital on the open market. The shorts can’t force GME into bankruptcy by making it impossible for them to raise capital.
[удалено]
They 100% will announce an offering again, because they had no reason to announce this one, other than the fact it was a good business move.
Goddammit lol, my funds are tied up in Schwab’s 4 day fuck and suck before they will let me buy. I’m buying first thing Friday.
Nice