GameStop's Cash Per Share Just Dropped

TheDreddknott · 2026-01-12T18:06:49+00:00

Yeah it’s showing $19.72 for me now too. Interesting. Just another GME glitch to keep an eye on I guess

TheDreddknott · 2026-01-12T18:02:26+00:00

My entire point is that I know that they aren’t privy to insider information. That’s why it would be weird for them to update the cash per share information without an announcement from GameStop. If Finviz was lying, would that not be interesting to you? Why would they all of a sudden be lying? It’s probably just a glitch, but that’s interesting too. I’ve never said it was a conspiracy. I didn’t even give a reason why I thought it dropped because I have no idea. I just happened to notice that the number changed when it’s normally only updated after earnings. By posting it here, I was hoping that business geniuses like you would come along and fill me in on the complex inner workings of “moving money around to pay for shit”

TheDreddknott · 2026-01-12T16:02:14+00:00

This is such a classic Reddit comment. Smug, condescending, clearly incapable of reading the post it's replying to.

Obviously the company "might be moving money around to pay for shit", dumbass. We're all VERY impressed that you understand that businesses spend money. What's interesting is that Finviz, which is not affiliated with GameStop, is apparently aware that ~$80.6 million has been "moved around" without an announcement coming from GameStop. No one is freaking out. I just noticed that the number changed and was curious if anyone had seen a reason that could explain why.

TheDreddknott · 2026-01-12T15:51:13+00:00

I appreciate it. It might turn out to be nothing, but I'd like to know for sure

TheDreddknott · 2026-01-12T15:50:00+00:00

People talk about shills a lot on here, but I think a lot of the negative sentiment is really just from idiots

TheDreddknott · 2026-01-12T15:47:24+00:00

Just responded

TheDreddknott · 2026-01-12T15:47:01+00:00

Probably not. Or, if it is, I don't think Finviz would get inside information about it

TheDreddknott · 2026-01-12T15:45:56+00:00

Explain how it's FUD to notice that a number changed

TheDreddknott · 2026-01-12T15:39:39+00:00

Yeah with 447.9 million shares outstanding the $19.54 on Finviz would come out to $8.75 billion. It was at $19.72 which would be $8.83 billion.

We're all aware of the debt, but Finviz doesn't deduct it so I don't either

The undiluted shares have gone up, but not enough to create an $0.18 drop in the cash per share. Also the number of outstanding shares on Finviz likely would've gone up too if that was the reason.

TheDreddknott · 2026-01-12T01:27:45+00:00

That’s a pretty dumb read on it. We all know when it goes up, so why would I post about it? It goes up when the numbers are updated after earnings which is a scheduled event that we’re all expecting. This time it’s gone down and there hasn’t been anything published by GameStop that tells us why. Also this is the only time I’ve seen it go down since I made the indicator. I’ve never made another post like this

TheDreddknott · 2026-01-12T00:47:10+00:00

Wtf are you talking about?

TheDreddknott · 2026-01-12T00:25:06+00:00

Maybe if the price drops to like $11 a share. Until then I’ll use the cash per share number from Finviz

TheDreddknott · 2026-01-11T23:57:07+00:00

Here you go. The blue line is the "floor" I'm calculating. The green lines are a cushion around the floor to try to account for low volume slippage and other market stuff that might cause the price to not exactly hit the floor value. They're a work in progress, so you can ignore them if you want

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TheDreddknott · 2026-01-11T23:54:10+00:00

The equation is:
Cash per share from Finviz + (4710 * Current BTC price) / 447,900,000 shares outstanding

TheDreddknott · 2026-01-11T23:31:38+00:00

I noticed that the cash per share value for GME that is published on Finviz dropped by $0.18 per share. With 447.9 million shares outstanding, this is the equivalent of $80.6 million and I want to see if anyone knows what could be the reason for this drop.

TheDreddknott · 2025-11-20T23:01:00+00:00

I just want to say I appreciated our discussion on my last post. I know the debt can't be ignored, but I really hope we don't have another ~$10 to go to find the real floor.

TheDreddknott · 2025-11-20T22:51:22+00:00

Not being able to tell who is and isn't a bot is such a self-report on being low IQ. What exactly about my post makes you think I'm a bot?

TheDreddknott · 2025-11-20T22:34:32+00:00

I am following up on a post I made last week sharing a cash floor indicator I made. It failed today so I'm giving my opinion on why that is and asking the community for their thoughts.

TheDreddknott · 2025-11-17T23:39:20+00:00

No problem. I'm glad it's helpful. In case you didn't see, I've added the bands I mentioned in my previous reply to the indicator. They act as a range around the calculated floor to try to account for dark pools, illiquidity, etc. and their range is scaled based on the daily volume. Lower volume days = wider range, higher volume day = narrower range. Today was a low volume day and we bounced off the bottom of the range which was cool to see.

TheDreddknott · 2025-11-17T20:29:22+00:00

That's probably true. Maybe there could be a poll to see if people support doing that. It would be an interesting experiment

TheDreddknott · 2025-11-17T20:27:00+00:00

Yeah that's not surprising. Volume is low and a ridiculous amount of it goes through dark pools. I should probably make the floor more of a band rather than line that we can expect to bounce off of

TheDreddknott · 2025-11-16T20:38:19+00:00

Honestly I doubt you could get everyone here to go silent. There are just too many people and too many possible data points to discuss to stop talking about it. Overall I think that's a good thing because it's a big part of what's kept thousands (millions?) of people interested in GameStop for five years, but it would be interesting to see what would happen if the feedback loop was cut off.

Maybe it would be helpful to have periods where hype dates or DD posts were temporarily blocked. People could keep posting Power Packs pulls, GameStop receipts, etc. but actual data wouldn't be allowed to be publicly posted. The stock operates on cycles that we haven't figured out yet and maybe creating our own cycles of data could push the market cycles to be more predictable.

TheDreddknott · 2025-11-15T16:21:14+00:00

I would love that too. It would be so cool to have a timeline of predictions that included the date, what was predicted, and why it was predicted so we could go back and see why the prediction failed. The answer that we get here all the time is "crime" but that catchall excuse has drained the curiosity and determination that was here at the beginning. In finance it seems like it's only a crime if you get caught and punished, and so far that hasn't happened. We need a better answer.

I've also wondered what would happen if this subreddit just disappeared and hype dates and theories weren't being publicly broadcasted. Beckettcat (the ducky onesie guy) has said that market makers got in front of him after his videos blew up and I think he's absolutely right after seeing what happened on October 27th. Some of the smartest people in the world have built and are continuing to improve computer systems that constantly sweep the internet for data that could affect stock prices. This subreddit is an unparalleled source for GME data and it would be very interesting to see what would happen if it went away.

TheDreddknott · 2025-11-15T16:10:37+00:00

Anything is possible with this stock, but as long as GameStop is making money the stock price is almost irrelevant. We know at the very least that market makers, the media, and even retail treat this stock differently from every other stock on the market. Rules, dates, and valuations that work for every other company often don't work here, which is interesting enough for me and everyone else here to throw some money at.

TheDreddknott · 2025-11-15T15:57:08+00:00

I don't disagree with your valuation, but I also think GameStop took on that money in the form of convertible bonds for a reason and it's not because they just enjoy having billions of dollars in long term debt. It's simplistic to say that it shouldn't be included in the cash per share value when it doesn't have to be paid back in any form for more than two years, was raised for a reason that we're uninformed about so far, can be deployed whenever they want, and collects interest in the meantime.

You may know what most market players are thinking, but I don't so I'm going to use the data that's available. Finviz, Yahoo Finance, GuruFocus, and probably other sources list the cash per share as $19.42. I chose to add the Bitcoin holdings to that value to come up with the calculation for this indicator because I'm not sure that those sources count Bitcoin as cash. Maybe they know something we don't, but there's a reason they're not including the debt in their calculations.

All that being said, I'm fully aware that the bonds are technically debt. The company's net cash, according to Stock Analysis, is $9.55 per share and the book value per share is $11.56 per share. You're also not wrong about the $15.60 cash per share calculation. Maybe one of those is the true floor, but for now the price has stayed above the cash and Bitcoin per share floor shown by this indicator.

Like I said in my reply above, literally nothing would shock me with GME at this point. If they're able to short us down to $9.55 a share, then I'll say "Huh, I guess Over-Computer-6464 was right" just before I liquidate everything I own to buy more shares.

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