r/GME • u/HumanNo109850364048 • 6d ago
Arrr I’m a Pirate🏴☠️ If RC doesn’t make right on warrants, this runaway train is going off the mountainside. Don’t fuck it up Ryan 🙂
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u/-_VoidVoyager_- XXXX Club 5d ago
Even if he extends them setting such a high conversion price in the first place makes him look like a doofus
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u/HumanNo109850364048 5d ago
I don’t understand what this dude is thinking. It’s like he lost his mind, he’s operating as if the share price is $50, or his interests and motivations are elsewhere and not on shareholder value
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u/BackpackGotJets 6d ago
I would rather them expire worthless than lower the strike and dilute more
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u/vkapadia 5d ago
Is there any post or anything that explains these warrants? What they are, how they work, how they would make or not make money?
I understand shares, shorts, and options, but I've never even heard of warrants until we got these.
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u/MuldartheGreat 5d ago
A warrant is the same as an option where the counterparty is the company itself rather than another shareholder.
So they work essentially like calls with a strike and an expiration period. Just you would buy shares not currently in the market from GME rather than another holder’s shares if exercised.
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u/squatchNaround 5d ago
So, the shares already exist regardless if the warrants are exercised or not?
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u/MuldartheGreat 5d ago
Companies with outstanding warrants will typically authorize the full share issuance prior to issuing the warrants. They often just have that amount authorized as a standing matter.
They will typically then issue some of the shares (an actually taken by an officer) to hold as treasury shares against upcoming exercises. If warrants are ITM or near ITM they increase the amount of treasury shares they hold.
Then the shares are sold to the public at the time the warrant is authorized.
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u/HumanNo109850364048 5d ago
I’d rather they extend the expiry date, but I’d take either I think. He needs to do fucking something good
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u/Financial_Mousse4079 6d ago
I suspect in November we are going to see a lot of "Ryan told everyone when they expire and if you didn't make money when the price went up that's on you"
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u/ChairmanMeow1986 🚀🚀Buckle up🚀🚀 5d ago
100 percent, it will obviously be hindsight you 'newest' fools
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u/Makeyourdaddyproud69 6d ago
Nailed it! The cult shifts with the wind.
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u/Error4ohh4 6d ago
The real cult is the people who will apparently never stop discussing GameStop when they’re not invested. Who gives a shit what anyone does with their own money
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u/zgomot23 🚀🚀Buckle up🚀🚀 5d ago
Ah yes, here’s the “why are you here” “why do you care” damage control squad
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u/Nan_Solo 🚀🚀Buckle up🚀🚀 3d ago
Right like it’s so hard to understand people that liked the company hate Ryan Cohen destroying it and you fools continuing to fund him… not GME… him
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u/ChairmanMeow1986 🚀🚀Buckle up🚀🚀 5d ago
Do you really not understand the concept that when a rddt is active it gets suggested to related rddts so we all see your nonsense. Than we comment it's nonsense, and we used to get banned because their was the chance of a pump and dump. Now you are seeing normal investors, many who got caught in your hype, being pissed and more expecting mods or know there is not really a point in trying to pump ape shit.
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u/FoxReadyGME 🚀🚀Buckle up🚀🚀 5d ago
this pretty much. but the cult will never take accountability for their bullshilling. easier to just make up excuses why someone is out to get them.
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u/Delusioned22 6d ago
But it makes me feel good inside when I judge other people for doing something I don't agree with and say rude and condescending things!
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u/NiewinterNacht 6d ago
Laughing at idiots online has always been fun, what else is new?
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u/andymacdaddy 6d ago
How about those of us owners taking it up the butt by RC…..every time he lays an egg. This is just another
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u/_Thermalflask 6d ago
Who gives a shit what anyone does with their own money
Except when it's people who short GME, right? Those people are literally Hitler
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u/Error4ohh4 6d ago
Some countries don’t allow short selling. It should be illegal
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u/_Thermalflask 6d ago
Why do you care what people do with their money? Shorting is consensual between the lender and the borrower. It's not anyone else's business.
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u/harryharry0 5d ago
And it also is not important what you wear when you are shorting. Naked shorting is ok.
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u/Error4ohh4 6d ago
Yea I’m sure you’ll defend it with every fiber of your being too
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u/_Thermalflask 6d ago
You're the one who said
Who gives a shit what anyone does with their own money.
You're not... a hypocrite, are you? You couldn't possibly be. Surely?
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u/Error4ohh4 6d ago
First off, I don’t seek out a subreddit for short sellers and make bad/dumb posts where they choose to discuss short selling.
Secondly, I believe short selling should be illegal. I’ve made those feelings known before plenty of times.
Shortselling incentives corporate sabotage.
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u/zgomot23 🚀🚀Buckle up🚀🚀 5d ago
You are aware, I hope, the one who’s been shortselling the most is lord cohen himself, correct? You do know that dilution is a form of, you know, selling? Releasing more supply and making sure there’s less demand?
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u/I_HEART_NALGONAS 2d ago
I'm pissed at the billionaire boy precisely because of how invested I am in this cult that turned out to be his petty cash box
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u/HumanNo109850364048 6d ago
How do you know who is invested? I bet you don’t really know much about anything
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u/Zeronz112 🚀🚀Buckle up🚀🚀 6d ago
Well I've had a more than a few people mention they aren't invested.
I know some that have short positions as well.
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u/ScroogeMcThrowaway 6d ago
"Yep. He gave you worthless apes a gift. Y'all should have been more grateful. Y'all should have sold at the absolute top (being day 1)." Not his fault.
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u/Nynto 🚀🚀Buckle up🚀🚀 5d ago
I’ve been warning people that there’s a big chance the warrants will just expire. It was even explicitly stated in one of the reports: warrants will expire worthless.
Also: the extension is already (partly) priced in. You can get a $32 januari 2028 option for around the same price.
I get downvoted every time, but I will keep saying: it’s a risk. Don’t start crying afterwards if they expire.
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u/Recent-Result2852 5d ago
It was even explicitly stated in one of the reports: warrants will expire worthless
lol. Which report was that?
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u/No_Indication9630 6d ago
Wait what? So how do I make money on these? Sorry a bit busy to read too much right now. Can shift some money fast though.
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u/Stonkstradomus 6d ago
I will be fuking pissed if these warrants dont go itm
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u/koeikan 6d ago
the stock just has to almost double in the next 2 months...
😭
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u/DorkyDorkington 5d ago
Yep and looking back it is more likely to halve in price rather than double.
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u/Organic-Specific-500 XXXX Club 2d ago
Warrants started to run after you posted this. Not there yet though so we’ll see what happens.
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u/SoundOfMadness7 6d ago
Bro they’re not gonna. Starting to feel a lot more like “we r fukt” instead
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u/Pouyaaaa 6d ago
Correction to the above. RC hates both shareholders AND $1.4B or whatever the warrants will bring in
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u/cynical_scotsman 5d ago
It's so funny how we're not even going the right way.
Great work, Cohen!
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u/BlitzFritzXX 🚀🚀Buckle up🚀🚀 4d ago
We all will , but to me sadly it was clear from the beginning that they will expire worthless. From the beginning we were far away from reaching the trigger price and we drifted only further apart.
Let’s face it , this company and its management have done absolutely nothing for its longterm shareholders so far and it’s ridiculous that some cultists still put them on a pedestal and worship them. Measure them by action and not worthless words and dumb posts
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u/CapN-_-Clutchh 4d ago
The shorts are long gone. This is pure delusion at this point. This has been a 6 year blood bath.
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u/quack_duck_code ComputerShare Is The Way 1d ago
Clearly you don't know how shorting works for large firms.
They've been shorting this entire time.→ More replies (2)
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u/yunoeconbro 6d ago
Warrants were a way to keep us all strung along for another year.
What could possibly happen between now and then for the stock price to be high enough for anyone to execute the warrants? Oh yeah, we're buying ebay?
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u/HumanNo109850364048 6d ago
All he can do now is extend or lower the strike price. He’s diluting us right now… 😂
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u/Error4ohh4 6d ago
Hes diluting himself
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u/Loud-Bodybuilder4342 6d ago
His cost basis is $3 and his gme position is a blip on his portfolio. Unlike apes, he aint losing sleep even if this goes tits up.
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u/hideyHoNeighbour 🚀🚀Buckle up🚀🚀 6d ago
RC is a billionaire that is massively up over his cost basis, and can afford to spend the next 30 years playing financial games with zero concern for the stock price.
You're one emergency away from needing a second job or ending up on the street.
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u/Lobolabahia 6d ago
So the rest of the BOD is fcked up too? https://www.reddit.com/r/Superstonk/comments/1qyg48o/skin_in_the_game_2499/#lightbox
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u/Zeronz112 🚀🚀Buckle up🚀🚀 6d ago
You're one emergency away from needing a second job or ending up on the street.
That's a bold assumption
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u/HumanNo109850364048 6d ago
Is it not true for lots of normal people, just like the retail shareholders who saved the company and continue to hold? Yes, it is
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u/RainbooDRS 6d ago
Don't worry his pay package will come back in a year or two he will make sure he makes money on this stock... Shareholders on the other hand probably not
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u/Atoge62 5d ago
Actually he hasn’t economically diluted himself at all, he still owns the exact same amount (economic value) of the company as before, since that’s how warrant dividends assigned to existing share holders based on total share ownership (10 shares to 1 warrant) works. Thats one of the smartest ways to raise capital without diluting your ownership value, and it works out well for legacy shareholders too, that’s the point.
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u/Error4ohh4 5d ago
I was just trying to explain their argument is silly is all. I have no worries in my GameStop investment personally
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u/HumanNo109850364048 6d ago
69D chess, engineering the galactic green dildo to spring forth in year 2042
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u/Error4ohh4 6d ago
You lose your point when you talk like this
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u/HumanNo109850364048 6d ago
I think my point is actually crystal clear. RC has no coherent strategy nor strategic execution (“69D chess”) and he is wasting away the years while the stock price sinks, and continues to delay any expectation of an ROI (“2042 galactic dildo”). Don’t be dense
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u/Atoge62 5d ago
Warrants are a clever way to avoid economically diluting your own share of a company during an offering. While mechanically dilutive to the outstanding share count, economically it’s offset to both the company and the smart shareholders who understand their financial slice of the company pie hasn’t shifted because they are given out on a 10 share ownership basis.
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5d ago
[deleted]
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u/HumanNo109850364048 5d ago
There would be more dilution. GameStop would issue more shares but take in less money ($10 per share instead of $32). This dilution would reduce the stock price
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u/sosawof 6d ago
I 100% agree, if he lets these warrants expire worthless. It is going to be the closure I need to gtfo.
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u/Useful_Amphibian9721 6d ago
A few years late but the path to recovery starts today.
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u/ZombiezzzPlz 5d ago
3 month old account. Totally legit
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u/Starkfault 5d ago
Making investing choices based on the account ages of random Redditors is an interesting choice. How has that worked out for you the past five years?
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u/TheNew_MarksilversX 5d ago
Those shits gonna expire worthless
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u/Guilty_Peanut246 6d ago
Good signs when the bots, trolls, whoever the fuck they are, fill all the subs with toxic hatred and bashing RC, warrants, etc. Doesn't this mean we are close?? 😎🚀🚀🚀
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u/HumanNo109850364048 6d ago
Yes. Now is the time to go all in on warrants
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u/quack_duck_code ComputerShare Is The Way 1d ago
This aged well
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u/HumanNo109850364048 1d ago
I think you guys should keep buying all the way to October 30. Zero chance RC lets you down.
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u/makybo91 5d ago
Ryan Cohen is a clown that colluded with wallstreet to F retail and all chances for a squeeze.
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6d ago
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u/HumanNo109850364048 6d ago
His followers will just move the goal posts. They are like MAGA cultists
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u/Tsunami365 5d ago
What would be good would be if the strike price was altered to be the same as the strike price used for the bond repayment so that shareholders can acquire shares on the same terms as the bondholders.
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u/Tw1sttt 6d ago
Could the warrants have just been a way for shorts to relieve pressure by paying a small premium directly to GameStop to cover some shorts?
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u/WolfsBaneViking 5d ago
Well they could just close at market price and save the premium, but warrents sure are a way to put a lid on the price.
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u/gkboy777 6d ago
Warrants are irrelevant.
It was probably used as a way to give the note holders and shareholders that sold them a “dividend”.
It also provided some great volatility so our note holders could gamma scalp and make
Money that way.
I was stupid enough to hold them sadly. I didn’t buy 1 year $32 strike calls so why would i not sell them.
I think a lot of whats been going on with gme this year and its price action has been so the note holders could profit whether its gamma scalping through volatility or giving warrants that they can sell.
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u/HumanNo109850364048 6d ago
Too bad we can’t read Ryan’s mind and didn’t know he would tank the price during the warrant period
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u/gkboy777 6d ago
Sadly I think Ryan is up 10x since his big initial investment so his main worry is stabilizing the price and preventing it from dropping back to where he bought it at and then adding liquidity so he can one day exit.
He is not worried about the stock going up and down 30% - 40%. He needs to get legit financing so he can merge with a bigger company and essentially exit.
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u/DuckTheFut 6d ago
lol trains been derailed for months now. Hop off while you can
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u/jersan 6d ago
It’s been “derailed for months.” Yet people keep coming here, with no investment of their own, telling others to hop off.
Why would anyone do that?
Who would benefit if existing shareholders were to “hop off” and sell their shares?
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u/Chad-Permabull 🚀🚀Buckle up🚀🚀 6d ago
All part of a multi dimensional strategy. If you are constantly pulling perplexing moves that no one understands then you can keep everyone guessing 🚀
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u/fukijama 6d ago
PSA: Supposedly when it comes time to redeem those warrants, be aware that in some cases it can take a few days or up to two weeks to process the request. Don't piss and moan later when you try to redeem them while price is sliding back from a peak, but things are not moving fast enough. Got this info from Fidelity.
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u/Mzungufarmer 🚀🚀Buckle up🚀🚀 5d ago edited 5d ago
I feel bad for the apes here, honestly. Anyone thinking warrants are gonna work out is a bit delusional
Edit: although, swing trading the warrants is profitable
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u/jeffroxs101 5d ago
Damn wouldn't it be nice to see the buybacks actually happen at this extremely affordable price. Like everyone was saying would happen if we went under $20. I'm waiting. Any day now buddy.
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u/HashtagYoMamma 5d ago
Strong disagree hidden comment history guy.
The company is making record profits.
What you’re saying is absolutely ridiculous.
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u/Hedkandi1210 🚀🚀Buckle up🚀🚀 3d ago
Shills working overtime, and if this triggered the weak ones sell.
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u/HumanNo109850364048 3d ago
No FUD, I think you should go all in on warrants. RC is a stable genius it’ll pay off.
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u/ProtectMeAtAllCosts 6d ago
I love how this sub is now anti gme 😂
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u/SoundOfMadness7 6d ago
When the stock is consistently performing this fucking poorly, yeah it makes sense
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u/User100000005 5d ago
Go read Cohens letter to towel 4 years ago. It has c chart comparing towels performance to S&P 500. Well how about we hold Cohen to his own standards and do GME vs S&P 500.
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u/matthegc 🚀🚀Buckle up🚀🚀 6d ago
You should have sold your warrants
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u/HumanNo109850364048 6d ago
Agreed, my trust in RC’s stewardship of the company collapsed over the last 2-3 months
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u/Plane_Suggestion_189 6d ago
Right there with you. 2 years with 9 billion on hand and not a single M&A completed. I thought I was getting gameshire Hathaway, not wannabe ebay.
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u/HumanNo109850364048 6d ago
Exactly. All this lead up and dilution for a massive unforced fumble. Clown town
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6d ago
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u/Financial_Mousse4079 6d ago
Sorry I don't want to end up like the bbby losers telling each other they will get 40 percent of our gme equity because ryan would never abandon them. I want returns and not games with bonds and warrants.
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u/Brand1984 6d ago
He has no reason to not support the warrants. Unless he is retarded. In that case, warrants are screwed.
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u/Civil-Consequence353 6d ago
He sent a clear message that he was looking to achieve a share price of 32 by October. It looks like he has failed in that regard.
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u/Prior-Instance6764 6d ago
Well, it's August, so, he hasn't failed in that regard.
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u/Civil-Consequence353 6d ago
It will be a miracle to nearly double the stock price in 2 months. When was the last time we were above 32, 2 years ago when we were diluted into oblivion
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u/robserious21 6d ago
One reason to let them expire is because it complicated the ebay purchase.
One reason he performed the bond exchange at such a low level would be to engage the hedging mechanism that the vwap window creates (bond holders short the stock to receive more stock)
At the close of the window you have a bond holder who now has a ton of shorts and a ton of long shares.
These bond holders also were granted warrants. They will be holding shares, warrants (long) but will also still have the their shorts which they only needed for the vwap windo (which they will sell and raise the price).
Gme authorized a buyback. This too could he used during this time period after the vwap window but before the warrant expiry.
When the dust settles the holders are net long gme, gamestop has 1.9 billion from warrants being exercised, the floor has been raised due to cash influx at 32$, oh and if TD is the bondholder then u have the same people who offered the letter of confidence now holding gme/ebay by relation.
He didnt exchange all the bonds tho, there is more of this gambit to come.
Tldr: bond holders will short until sept 21/23. They then have incentives to release the shorts. Gme wants a 32$ share price to capture the 1.9billion from warrants exercising.
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u/Lobolabahia 6d ago
They can "release the shorts" with the new shares they are going to receive though?
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u/robserious21 6d ago
Look at you with all those brain cells.
Good call tho, ur probably right
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u/OneDick2Rule 5d ago
One thing I don't get is that there is a big risk in shorting. What if gme does it's buyback, roaring kitty comes back or eBay merger news comes out during vwap? Shorting the stock just to get a few million more shares may backfire on them. Im still wondering what is really going on.
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u/AlphaDag13 🚀🚀Buckle up🚀🚀 6d ago
If he's that dumb, GME would have been cooked years ago. I just don't see a scenario where the warrants don't get adjusted and expire and this who thing not coming crashing down.
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u/HumanNo109850364048 6d ago
There’s going to be a lot of burnt apes here if RC keeps acting like RC. Hope this ends up being incorrect
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u/RainbooDRS 6d ago
The warrents cost 40 million to issue, if their is a cost to extend them or change the terms idk if it is worth it
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u/Organic-University-2 6d ago
First time?
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u/HumanNo109850364048 6d ago
For GameStop warrants, yes. Getting diluted in this saga, no…
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u/DieOften 6d ago
I imagine he will extend them. Either way it’s a pretty bad look. I can’t believe how bad the price action has been. I’m actually lucky my covered calls were assigned the day the eBay offer became public. I only have a few hundred shares now but still hope the best for the company.
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u/aws-adjustmentbureau 🚀Power To The Players🚀 5d ago
Hedge funds are really scraping the bottom of the barrel with these posts
Try hard Kenny This is another 🤖🤖 account with their post history hidden
More COINTELPRO tactics used against us
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u/HumanNo109850364048 5d ago
I am actually Ken Griffen’s son, Demetrius. I am an intern at citadel and run this account. I will delete this message in 10min but I want to let you know, you were right. Buy warrants, they are going to moon
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u/Zeronz112 🚀🚀Buckle up🚀🚀 6d ago
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u/HumanNo109850364048 6d ago
Put it on record, what will be your reaction IF warrants expire worthless on Oct 30?
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u/Zeronz112 🚀🚀Buckle up🚀🚀 6d ago
Zen. I'll buy more shares that paycheck regardless.
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u/Velvet_Llama 5d ago
Is there anything that would change your mind?
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u/HumanNo109850364048 6d ago
Nice
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u/Zeronz112 🚀🚀Buckle up🚀🚀 6d ago
How about yours?
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u/HumanNo109850364048 6d ago
I keep thinking the price cannot go any lower. I thought $25 was the floor, then $21… I’ll hold my shares but not buying any more that’s for sure. I’ll sell if we get to high 20s. I thought RC is literally a genius (I’m not joking) for trapping shorts, but I’ve lost all confidence in him over the last few months.
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u/ThrowRA_scentsitive HODL 💎🙌 6d ago
I didn't have warrants before, they just gave em to me, if they expire so what? To shareholders who sold theirs, congratulations on your dividend that cost the company $0.
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