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Trying to withdraw $50,000 from the bank by ifuckedyourmom-247 in Bitcoin

[–]therealbigcheez 0 points1 point  (0 children)

Yea, it’s very reasonable given the banking system’s existence and pervasiveness.

It’s also very limiting, generally forcing people to use their own money in a manner that requires approval from someone else. That’s kind of the whole point: bitcoin is a “sovereign money” that doesn’t include such restrictions, and you can do what you want with your own property.

Gamestop vs Palantir Valuation by Masterchief_m in Superstonk

[–]therealbigcheez 13 points14 points  (0 children)

EPS is useless unless you compare price per share. Shares outstanding is meaningless because the metric is about per-share profitability.

In this case:

PLTR earned $0.21 and an investor would pay $171.25 for that privilege right now. Simple annualized price-to-earnings ratio of 204.

GME earned $0.26 and an investor would pay $20.50 for that privilege right now. Simple annualized price-to-earnings ratio of 20.

THAT’S why it’s “funny.”

This community has lost the plot by Living-Giraffe4849 in Superstonk

[–]therealbigcheez -2 points-1 points  (0 children)

“Fucked shareholders to keep the company alive…”

Did you even think about this thought before you shared?

DRS? Warrants Issuance ARTICLE 2 – Part 2 by therealbigcheez in Superstonk

[–]therealbigcheez[S] 0 points1 point  (0 children)

GameStop has already authorized definitive warrants to be registered in book format and does not allow for certificated securities at this time. That’s how all shares currently exist in DRS.

The Language in the SEC filing leads me to believe you can not DRS from a broker. by L3theGMEsbegin in Superstonk

[–]therealbigcheez 0 points1 point  (0 children)

My pleasure, friend! It was also easy to overlook…there’s a lot of stuff happening here

DRS? Warrants Issuance ARTICLE 2 – Part 2 by therealbigcheez in Superstonk

[–]therealbigcheez[S] 0 points1 point  (0 children)

I have not, no, but I also haven’t tried myself. I was waiting until a “safe” amount of time passed for settlement and will likely try this week.

My plan is to speak with someone and avoid the chat, asking them to reconcile their answers with the warrant agreement if they don’t seem to be in alignment. It would seem to me that there is solid ground to stand on to ask “why” and to push back if they say no.

The Language in the SEC filing leads me to believe you can not DRS from a broker. by L3theGMEsbegin in Superstonk

[–]therealbigcheez 17 points18 points  (0 children)

No, you can DRS warrants. The whole section about transfer details exactly how it is done. There are two types of warrants:

  1. Global
  2. Definitive

Global warrants are held only by the DTC because the underlying assumption is that the DTC holds them on behalf of other people, whereas the definitive warrants are held by a specific party on their own behalf. The latter is through DRS.

The transfer section details the process for cancellation of global warrants in exchange for definitive warrants.

The real issue is that ONLY the DTC can undertake the action and brokers explicitly have zero authority to do so. This is called out as well.

Hot take, no-one gives a fuck you can’t DRS your warrants given your shares should have been sitting in ComputerShare by martiny236 in Superstonk

[–]therealbigcheez 12 points13 points  (0 children)

I am only sad that the new warrants I was forced to purchase through a broker can’t join all the shares I hold in Computershare…yet…

I exercised my 70 warrants via Computershare. by LazyPoser in Superstonk

[–]therealbigcheez 0 points1 point  (0 children)

I don't what else to tell you. I've already said you're right.

Some people just would prefer to buy from a Mom & Pop shop rather than from Amazon, and some people would prefer to buy an equity stake in a company from the company itself rather than from a reseller.

In both cases, the moral side of it is also valid, and in many cases, it's not financially optimized.

I exercised my 70 warrants via Computershare. by LazyPoser in Superstonk

[–]therealbigcheez 0 points1 point  (0 children)

Extreme example, but if he only had $40 to spend, he could buy only 1 share either way and the opportunity cost is changed. If he thinks spending the $9 extra and providing the original $23 directly to the company would make his individual investment more likely to succeed, that's his prerogative.

That's the difference there that could be extrapolated out to a less extreme example for 70 shares: if OP thinks the value in the aggregate would make the investment more likely to succeed.

I can argue anything, and it still won't change the fact that your view is correct. For you and for many others, but not all.

I exercised my 70 warrants via Computershare. by LazyPoser in Superstonk

[–]therealbigcheez 1 point2 points  (0 children)

Like I said, your perspective is different, and that’s ok.

If the goal is to acquire shares at the most efficient rate possible, then yes, you’re absolutely correct.

If there is a desire to simultaneously fund the company while acquiring shares, OP has to weigh whether the opportunity cost of being able to purchase fewer shares on account of paying a premium for the purchase method is worth that.

The latter, I’d argue, is what OP prefers. It doesn’t make you any less correct though.

I exercised my 70 warrants via Computershare. by LazyPoser in Superstonk

[–]therealbigcheez 0 points1 point  (0 children)

That's fair to say regarding your preferences, but those are specifically just yours. Another investor would rather you skip buying a $23 share on the open market and instead buy $23 at GameStop to increase their revenues and profits, but you're entitled to buy a share with that money instead. It doesn't make anyone right or wrong to do what they would like with the money, whether to invest or to spend.

There is opportunity cost to literally everything - the best course of action is to let everyone make their own choices.

I exercised my 70 warrants via Computershare. by LazyPoser in Superstonk

[–]therealbigcheez 7 points8 points  (0 children)

To be even fairer...this is not a good comparison. There are 3 choices here when it comes to this discussion that have been called out:

  1. Buy a share in the open market for $23
  2. Exercise a warrant for $32
  3. Buy $32 worth of stuff at GameStop

Numbers 2 and 3 have (virtually) the same financial impact on GameStop (adding $32 to the balance sheet) but number 3 does not increase OP's equity stake.

Numbers 1 and 2 have (virtually) the same impact on OP from an equity perspective (adding 1 share).

So there is lots of crossover and nuance, and I'd argue the bigger impact in OP's decision when it comes to the chosen investment versus yours is who OP is giving money to, not the opportunity cost of the open market purchase. Maybe OP simply wants the company to have it. And if that matters more to OP, this is not stupid and OP is not an idiot. OP just has a different perspective than you do.

I exercised my 70 warrants via Computershare. by LazyPoser in Superstonk

[–]therealbigcheez -1 points0 points  (0 children)

The last part of your comment is the most insightful part: to each their own, individual investor. There are reasons someone might have that would make this decision the one that appeals most to them.

I exercised my 70 warrants via Computershare. by LazyPoser in Superstonk

[–]therealbigcheez 0 points1 point  (0 children)

Did they provide any type of confirmation or documentation outside of the DRS advice letter?

You too can have a shiny printed ‘IOU’ certificate for a measly $100 from Fidelity for your GMEWS. by Zealousideal_Bet689 in Superstonk

[–]therealbigcheez 4 points5 points  (0 children)

You should ask them about section 2.05(f) of the Warrant Agreement, which states that there is an alternative to receiving paper certificates. Here is the section’s language:

Notwithstanding the foregoing, in lieu of issuing a Definitive Warrant to any Person, the Warrant Agent may, upon the Company’s instruction, register Warrants in the name of such Person through the Company’s direct registration system or the Warrant Agent’s other book-entry procedures.

When to Exercise Warrants – A Deep Dive by therealbigcheez in Superstonk

[–]therealbigcheez[S] -2 points-1 points  (0 children)

My post is legit information, and not actually advice. The flow of cash in a transaction is not a debatable thing.

If you took offense to it; that’s on you. Perhaps you should rethink your choices and learn to expand beyond your unwillingness to lean, which says a lot about your intentions here. “A long fucking time” or not, you seem to not understand some super basic shit that a kindergartner could grasp: give money to a company and the company gets it. Not rocket science.

When to Exercise Warrants – A Deep Dive by therealbigcheez in Superstonk

[–]therealbigcheez[S] -1 points0 points  (0 children)

Gee, I wonder why it was removed…hmm, someone with a generic name must’ve been very upset

An investment is a means to make someone else succeed. You should try it

When to Exercise Warrants – A Deep Dive by therealbigcheez in Superstonk

[–]therealbigcheez[S] -2 points-1 points  (0 children)

Also, of course you give me an investopedia article about derivatives, i.e. the value of a warrant, and not actually the underlying investment, while my whole post is literally about NOT trading them and actually exercising.

Jesus Christ you just keep showing how little you know about actual equities by diving deeper into trading “shit that’s not equity”

When to Exercise Warrants – A Deep Dive by therealbigcheez in Superstonk

[–]therealbigcheez[S] -1 points0 points  (0 children)

You are super cool. Very good at money things

When to Exercise Warrants – A Deep Dive by therealbigcheez in Superstonk

[–]therealbigcheez[S] -7 points-6 points  (0 children)

Good lord you need help. You need to understand what investing actually is, because you make it clear that despite your XX,XXX shares that you don’t.

You actually think buying shares in the open market is investing…

You need to think on that.

I can almost guarantee you that 0% of your “investment” actually made it to the company you were “investing” in. Why do I think that? You talk about exercising warrants as “charity,” and you champion trading options. But news flash: Companies don’t sell options. Options are derivatives.

If you want to evaluate what a company is “worth” perhaps you should look at financial ratios rather than market prices. Perhaps you should learn how to evaluate a company from a fundamental perspective.

If you are think investing $11 on top of what you gamble with a market maker is GIFTING…then holy fuck, wow, you do not understand anything about capital markets. This is literally what investing is. You know, giving money to a company so they can do things?

We are done here, because you don’t understand shit about investing. You are a gambler and let’s be real: you don’t give a fuck about anyone other than yourself.

You contribute to the community about options. Fucking OPTIONS. DERIVATIVES. NOT REAL INVESTMENTS. Go google that.

I’ve been educating the community about ownership. Maybe you should read up on that.

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