Not a shill, I’m a Jan 21 ape that is mostly DRS’d and still holding.

When AA and AMC were selling shares we were vilifying them.

How is another 75 mil share offering by GME any better? I feel like they’re giving the shorts a chance to unwind.

Help me understand, I’m smooth af.

  • DosDude👾@retrolemmy.comEnglish
    5·
    3 months ago
    • They sell the shares on the market, for market price during market hours. I might be wrong, but I think AMC shares were diluted directly to hedge funds. I might be misremembering.
    • Gme is not in debt, like AMC is
    • RC is still holding all his shares unlike AA who sells as soon as he can.

    There’s probably a plan at Gamestop for the money. We don’t know what it is.

    If anything it absolves gamestop from any manipulation accusations. And gives them an out by saying they offered shares to prevent MOASS.

  • ryannathans@aussie.zoneEnglish
    4·
    3 months ago

    GameStop’s filings seem to suggest the money is for an acquisition. Could probabaly buy a lot with 2B in the bank now

  • iofhua@lemmy.whynotdrs.orgEnglish
    1·
    1 month ago

    dilution is a negative term because it means everyone holding that stock watches as their stock becomes less valuable. It’s also completely accurate to describe the share offering as dilution because that’s exactly what it did. Trying to present the dilution as a positive thing is desperate hopium by followers of the ryan cohen personality cult.

  • PrecisePangolin@lemmy.mlEnglish
    1·
    3 months ago

    I’m smooth too so take this with a grain of salt. This is long term bullish. They aren’t going to let the price go too low, they’re just slowly stacking cash for future plans. Shorts didn’t even begin to close on this run up. It was simply a gamma ramp and those long dated swaps that all stacked up around June. This allows GME to take advantage of the temporary price volatility. Not financial advice.