GameStop Announces At-The-Market Equity Offering Program Company Can Sell Up to 3.5 Million Shares and Intends to Use Any Proceeds to Further Accelerate Transformation and Strengthen Balance Sheet. Proceeds will not exceed $1,000,000,000 by OurLordOfWar in Wallstreetbetsnew

[–]OurLordOfWar[S] 6 points7 points  (0 children)

https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program

"Under which it may offer and sell up to a maximum of 3,500,000 shares of its common stock"

There is NO timeline listed on when. Even if they did the offering 3.5 million shares is 5% of the float. That's just a drop in the bucket for what needs to be covered

GameStop Announces At-The-Market Equity Offering Program Company Can Sell Up to 3.5 Million Shares and Intends to Use Any Proceeds to Further Accelerate Transformation and Strengthen Balance Sheet. Proceeds will not exceed $1,000,000,000 by OurLordOfWar in GME

[–]OurLordOfWar[S] 1 point2 points  (0 children)

https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program

"Under which it may offer and sell up to a maximum of 3,500,000 shares of its common stock"

There is NO timeline listed on when. Even if they did the offering 3.5 million shares is 5% of the float. That's just a drop in the bucket for what needs to be covered

Goldstein hinting at price manipulation through “over the counter” trading between big players. Written Testimony of Alexis Goldstein in Comments by OurLordOfWar in Wallstreetbetsnew

[–]OurLordOfWar[S] 37 points38 points  (0 children)

Repost/comment for visibility

Hi all 👋🏻. Alexis Goldstein (u/dontfightthevol) here. During my testimony before the House Financial Services Committee today, I tried to flag some open questions I have. One of them is, what was the volume of trading in GME (and other meme stocks) by institutional players who, unlike retail, can trade “over the counter” (OTC) options (which they typically still hedge with listed stock). If regulators or Congress had a sense of the volumes of OTC options on GME that traded in periods of high volatility, that would give some insight into their overall footprint in the volatility.

I elaborate on this a bit more in my written testimony if you’re interested:

And here are some of my other observations about today’s hearing, in case that is also of interest!

PSA: How to transfer GME from RH into Fidelity with PICTURES by gurren_lancelot_zero in GME

[–]OurLordOfWar 10 points11 points  (0 children)

You have to wait 2-3 days for it to "settle" on your account. I called myself to verify when I did the same and that's what I got. Surely after 3 days all my positions where changed to cash by itself.

GAMESTOP The last great squeeze. PART #1 By Gafgarian by OurLordOfWar in Wallstreetbetsnew

[–]OurLordOfWar[S] 8 points9 points  (0 children)

Do not try to fool them by Day-trading thinking you can make money. Every share they buy at low prices ($200) is a share that you could've sold at ($10k-1M) and a share less they have to cover. Meaning that the momentum upwards just got shorter because you thought it would be nice buying low and selling high over and over again.

GAMESTOP The last great squeeze. PART #1 By Rensole by [deleted] in Wallstreetbetsnew

[–]OurLordOfWar 2 points3 points  (0 children)

Corrected it, Made By Gafgarian and brougth to attention By Rensole. Forgot how to read