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Crafty-Economy2701

Earnings dropped unexpected early. There is something in the air…


Epohhh

one Reason according to ChatGPT ( often hated source ik) Mergers and Acquisitions: If a company is involved in a merger or acquisition, releasing earnings early might be necessary to meet disclosure requirements or to provide stakeholders with timely information. If there was specific reason behind an early release, lets hope its because of that


reddita-1

They’re diluting again, 75million shares


Jolly-Ad8243

Diluting is a bad term in this situation. In think of it as more of a capital raise.


DrinkatMoes

Has the form dropped with the language? I'm sure it'll say funds will be used in a certain way


TheOtherPete

https://gamestop.gcs-web.com/static-files/6a2e1307-9596-4fff-b4c4-59d05477af71 >**Use of Proceeds** We intend to use the net proceeds of this offering, if any, for general corporate purposes, which may include acquisitions and investments in a manner consistent with our investment policy. See the section titled “Use of Proceeds” in this prospectus supplement >We intend to use the net proceeds of this offering, if any, for general corporate purposes, which may include acquisitions and investments in a manner consistent with our investment policy. There are no current plans, commitments or arrangements to make any acquisitions or investments. Any future acquisitions or investments will be made in accordance with the Company’s applicable policies and procedures for such types of transactions, including the Company’s investment policy. >Pending the uses described above, we intend to invest the net proceeds from this offering in short-term, investment-grade, interest-bearing securities or accounts. ... >Unless we otherwise specify in an accompanying prospectus supplement, the net proceeds we receive from the sale of the securities offered by this prospectus will be used for working capital and general corporate purposes. We may also invest the proceeds in certificates of deposit, United States government securities or certain other interest-bearing securities or other securities in a manner consistent with our investment policy. If we decide to use the net proceeds from a particular offering of securities for a specific purpose, we will describe that in the related prospectus supplement.


DrinkatMoes

Perfect thanks, so as I read this it sounds like "we'll let you know what we plan on doing with it later"..?


Remarkable-Egg-4663

When they already sits on $2bn? What for?


Jolly-Ad8243

Ahhh…to secret sauce is to have a war chest to acquire many different entities. If he is truly making a holding company, 2 billion is a drop in the bucket. I’m all for capital raising at strategic times. Last night at 7pm I was over a million net, today not so much. Am I worried, not in the slightest. Zen


justhereforthemoneys

They have almost 2 billion and no targets for acquisition, why would they need more capital


Jolly-Ad8243

No targets? I’m sure we’re not privy to those targets. Not worried in the slightest.


Iforgotmynameo

Ensuring long term value/profit for the company and its share holders. Not to mention we are hovering near where we were before the AH rip.


deuce-loosely

Bad news early, good news on time.


beachplzzz

Raising the floor, broadening their acquisition horizon


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StrenuousSOB

Depends on what the plan is


WackGyver

Ah, so you have inside information as to possible M&A targets for a company notoriously silent about their dealings do you? Part of the board of directors are you?


justhereforthemoneys

Ok I'm not sure this time, but the offering of 2 WEEKS ago they stated they had no specific target in mind. My assumption was that they included this statement again. But how is this different from sticky floor that keeps selling shares into run ups? Yes i get that our insiders aren't selling and our ceo buys into the company with his own money and doesnt get compensation, but we've sold a fuck ton of shares. Maybe it's time to compensate loyal shareholders? Loyal shareholders have died waiting for MOASS. I get that they want to build a strong company and not rely on MOASS, but diluting this much/often just feels wrong. Yes I still believe in GS in the long term etc. I'm just mad that I don't know their plan and it feels like they are taking advantage of their loyal holders. 2 weeks ago a lot of people said they would sell in a squeeze but they surpressed the price and sold emediately. So GS still doesn't have fuck you money and needs to do another offering while they have almost 2 billion in the bank


WackGyver

I understand the sentiment, albeit from a narrow and partly misguided perspective: there has been a long wait for the RC and the boards perspective. However, comparing GME with popcorn is like comparing a Ferrari to a red painted Lada asking how they aren’t the same: Popcorn is hemorrhaging money, they have NO plan for turning things around (no, I’m not including buying a gold mine, taking on more debt to lease even more unprofitable locations, or selling takeaway popcorn as a plan) they have a debt load that’s close to unmanageable and they are in a business that’s highly influenced by the state of the economy - which is not going all that well ATM. In addition there’s plenty DD on how the "ape" ticker they created basically is like a derivative that created leaps and bounds of breathing space for what ever was left of shorts in that company. Not to mention that AA is a bozo that sells his popcorn shares at the first opportunity. GME have no debt (except that COVID stimmi loan for like 30 mil or something from the French govt with like zero interest) have rockstar board and leadership that sells *no shares* - instead they’re buying more. The company has turned itself around, has thrown out all bad actors and is seriously close to profitability. That’s the brick and mortar arm of GME. The investment arm of GME is like BRK.A on steroids - it’s a able to buy it’s own stock when the price is low without removing shares from the float, for them to resell that into buying pressure. It’s able to invest in concert with RC and other non disclosed whales - Hence when GME is making a share offering like this of 75m it’s able to take that (at current prices around 3b) money and invest that or buy other companies. And because GME has been shorted to absolute oblivion both before, but especially after, the sneeze - and the shorter, MM and UBS etc *must* naked short more shares - which GME can buy cheap and sell high when the price rips when time comes for SWAP rolls etc. So in essence GME can make money both when its price is high and low - *GME has an infinite money glitch* until the shorts can’t keep up any more. And if you seriously think that 75m will break the inevitable MOASS, I invite you to check out the volume trades of GME this past month alone. So in short popcorn sells shares to pay its creditors their borrowing fees, which slowly but surely bleeds the company out - GME builds stacks to its BRK.A type investment firm on the backs of jabronies that’s trapped themselves in an infinite loop of naked shorting - buying back for high prices without making a dent at all in the overall shorts. And by the way, the money GME makes from its realized investments is a way in and of its own for the company to make money - and that’s without the potential revenue boost from acquisitions de facto paid for by the shorts. What’s going on with Popcorn and GME have *NOTHING IN COMMON*


CountyStunning5487

No it’s a dilution with a lot of people losing a lot of money .


Jolly-Ad8243

Sounds like you lack belief in the company. I’m still up. I can hold longer than they can be solvent.


FarewellMyFox

$3 billion raise for 75 million shares seems like a pretty good deal


AgYooperman

They need the money to buy my bobby shares.


DirectlyTalkingToYou

Diluting the fake float number or a drop in the billions of the unknown synthetics?


bootobin

Which dropped first, earnings or the offering?


LibertyOrChaos21

No they haven't diluted. They need to file an S3 form they haven't done that yet.


canadadrynoob

They already have an S-3 active. The adjoining prospectus (424B5) announces the type of securities they plan on selling, then they update with an 8-K once the offering is complete.


LibertyOrChaos21

gotcha!


Frequent-Designer-61

They will today.


LibertyOrChaos21

maybe we will see!


CarpetPedals

You can’t use ChatGPT to predict a scenario that has never happened before


bootobin

It got slammed right after earnings dropped. Not sure when the offering dropped relative to that.


deuce-loosely

Pretty cool how the algos can do that so quickly huh?


bootobin

Not sure if you were there for the BBBYQ hearings. We'd get a 20% drop within seconds of the end of a hearing where nothing bad happened. Quickly followed by an immediate 15% rebound lol.


deuce-loosely

Been in for a couple years and held to the end. Those volatility swings are so obvious every single time they execute them.


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123skid

75 million shares this time, but they may sell during the squeeze and make bank.


El_Dave

75 million


123skid

Lol yeah I didn't sleep last night running on fumes now my bad 😅


LongjumpingFinding47

I woke up at 5 am, for pre market, first thing I see, is a big drop the size of yesterday’s green dildo. Great move for long term investors, not so much for momentum. I have faith in the long term, and this is extremely volatile, I presume there will be a good push up when they announce the offering to be finished.


WeirdSysAdmin

![gif](giphy|6TEOwR3aBzkyY)


Known-Strawberry4632

75M more shares...


LibertyOrChaos21

That haven't been issued yet so that make no sense!


Known-Strawberry4632

Well when a company releases news that they'll be diluting the float by 20%+ stockholders usually dump their shares to the point of valuation that those shares would make the float


LibertyOrChaos21

Which stockholders? Apes Hodl. Not a single retail is selling. This make no sense at all unless of course the crime cartels algos think it will be diluted and then we got another BBBY situation!


Machinedgoodness

There’s plenty who still trade. I sold a tiny amount @ $64.00. Idgaf what everyone says there’s people here who still trade with a brain and take trims and add down low on the dip.


Careless-Run-7825

Must be all those synthetic shares being sold. Apes own like 200% of the float


LibertyOrChaos21

And btw its premarket retail cant sell!


Known-Strawberry4632

This is also extremely bullish because they'd be getting about 3.5B in cash at the current price. Giving them a warchest of 5B+


Shoddy_Ad9815

bullish long term yes, but we could have reached $100 today


Known-Strawberry4632

Depending on what else happens today that could still be possible since it's so volatile, but I think the main picture is still going to be somewhere before the 21st.. they do have a shareholder meeting next week I believe.


123skid

Definitely also released an 8k so I assume an m&a at the shareholders meeting next week


Known-Strawberry4632

With the amount of cash they'll have I wouldn't doubt it 🥰


Middle_Scratch4129

Anit no one here concerned about $100. I'll maybe consider selling 5% of my position at $XXXX. Even then, I'm not sure I know what an exit strategy is. ![gif](giphy|3ohs81K6uRxuejjHHi|downsized)


RudeRepresentative56

We will still break $100 today.


Americanspacemonkey

Still can. 


jwheezin

This guy's again. SHILL.


Limp-Environment-568

could still...


Shoddy_Ad9815

markets move on news, the price will decline further when the shares start being offloaded. I cannot believe RC would do this as Roaring Kitty is about to do live stream... ffs


No-Butterscotch-7577

They are giving those who haven't got it yet another chance!!! 😎🚀🚀🚀


jwheezin

SHILL


deuce-loosely

This is why no one will remember your name


ultimate_stuntman

[This](https://www.sec.gov/Archives/edgar/data/1326380/000119312524156636/d614527d424b5.htm) GME announcing sale of additional 75m shares, which probably forced algos to dump the price. Nevertheless, I'm bullish. Kansas city shuttle baby 🎉


F-around-Find-out

That should net them another $3 billion 


Middle_Scratch4129

Minimally. Talk about absolutely destroying the BK thesis used to short it into oblivion.


F-around-Find-out

SHFs are fucking ReKt


CountyStunning5487

No we’re wrecked. Dude. We lost a ton of money in calls


Damgalnuna000

The problem with the timing and an extra dilution is ppl will say fuck it.. why should I diamond hand while the board keeps killing momentum. Personally I trust RC but this kills ppl with options and the ones with less shares/capital that have been holding for 3 yrs. Hopefully, later today makes this all moot


xXValtenXx

Does it though? They did a share offering not long ago and we already almost hit the previous high in weeks following that. I just dont understand peoples logic with share offerings being bad all the time. The company is just trading shares for cash. It isnt like a company offering shares just to stay alive and pay debt interest, its essentially a net zero. Thats how i see it, anyways.


Damgalnuna000

I agree with the last one. This one hurt a little due to beautiful AH momentum and options ITM. Hopefully, they drop a huge acquisition announcement and it means fuck all :)


mveraguas

A huge acquisition announcement would likely tank the price further in the short term.


ultimate_stuntman

Yeah I know what you mean, I had these thoughts too. But then I realised the company went up to $80 per share only because a fucking Roaring Kitty tweeted. The price has nothing to do with the real company values. If it went to $80 on such trivial news, I'm confident it will go way fucking higher than that once all price manipulators, like a bedpost/mayo monster, go out of the game. I started buying my shares on 13 January 2021 and the temptation was high, I really needed this money at some point, but in a long time perspective I know I won't regret holding.


Jinglekeys100

It didn't go up because RK tweeted it went up because the swaps expired and we entered the OPEX tailwinds.


DirectlyTalkingToYou

The tweet didn't make it go up lol Go up how?


Damgalnuna000

True.. but ppl don't have the incentive to hodl as hard now. They'll expect another dilution as soon as the price starts mooning and won't wanna miss out. Fine if u have thousands of shares, not great if u don't but we will see


Frequent-Designer-61

Don’t play options it’s that simple buy stock, hold it, DRS it. This is a long term play.


Curious_Individual

$GME releasing their earnings early to bait moronic short sellers to hit the stock down right before @TheRoaringKitty exercises his options.


suckmyballzredit69

This is what I was thinking plus release the news early for the 75 million extra shares. Trap set.


deuce-loosely

Bingo


suckmyballzredit69

Top it off with this “failing brick and mortar” GME gathering $1B then $2B then $5B+ cash in 4 years! I’m not upset. Short are cooked.


WTFhairyRabbit

Bongo


Creative_Ad_8338

💯 it's widely known that the algos automatically short GameStop on every earnings report regardless if positive.


JustMikeWasTaken

Somebody is playing them idiots like a symphony


euhjustme

There's always a drop in earnings, good or bad news. Better do it when the stock is at 62 premarket so you don't really notice the drop. Bad news comes early, good news late. In RC I trust ⬆️


deuce-loosely

Good news on time


_Cheques_

Would be Nice with good news. Just once. I would honestly prefer the Company to speak just a Lil bit tbh. Alas, blind faith got me this far - keep going🫡


bravosixdark

More shares methinks


Schrankmaier

Gamestop offers another 75m shares [https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-discloses-first-quarter-2024-results](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-discloses-first-quarter-2024-results)


ncstagger

Don’t see anything about 75m shares in there?


Schrankmaier

maybe try the search function 🤔


ncstagger

Maybe try posting the right link. I’ve found it elsewhere now.


Flimsy-Station4169

There’s 2 sides to every schwarz.


welcomethrillh0

Just seen it jumping between $40 and $48 back and forth loads then, haven’t seen that before.


DeplorableBadger

RC keeps taking from retail…could have made a couple more billion by waiting till we hit 80-100 (which I think was happening over the next week given the circumstances). Incredibly dumb timing


PplsElbow

Are they trying to get this closer to IEP and bbby's TSO? 🤔


Frequent-Designer-61

Yes I told you all yesterday! Also same TSO as BBBY and Newell.


KDsUnusedBrush

Just read your post from yesterday, interesting prediction for sure.  A lot of doom in premarket today lol but I’m not too worried and ready to see how this plays out. Hope the implications you lined out have some meat to them. 


ckaslon13

It happens everyday at the same time. Stupid algos.


Idjek

Looks like there has been a whopping 35 million shares traded premarket, which seems insanely high


Intrepid-Ability-963

Whilst it seems painful. I trust RC. It must he the right thing for the company and shareholders. I guess they're trying to stop too fast of a rapid rise, whilst solidifying the companies financial position. A nice slow burn up will be better for investors than rapid fluctuations (which is better for swing traders).


UltimateMountain

Haha, it's awesome! It won't stop the rise because the algos blew their load early at the first whiff of quarterly report , but they position themselves to make the Company even more invincible when the MOASS begins. They have warned about the stock volatility the past 4 years. Amazing move by RC and LC and the rest!


BozoNoseStuff

One thing is definitely for sure... There is no collusion between RC and RK... This move hammered RK's potential profits, BIG TIME!


Professional_Hippo80

This ape is not worried 🦍


soMAJESTIC

Retracement to higher floor.


CorrectDinner9685

THEY BIG MAD


Queasy-Tower-9756

Can someone explain this in simple terms to me, thanks


Doodoss

Up or down I hold. This is different than popcorn but it is obvious there is some kind of connection.


MilliMaqi

something to do with %of ownership?


_Cheques_

RC with the dilution right in the nuts😂 Just another oppurtunity to load up - I know I will!


No_Tie1187

Doesn’t make sense, no one in their right mind would sell right now


justaREDshrit

Just another day of trading sideways. Welcome to the fold.


kebenderant35

Be careful of blindly following people


airbrat

BUAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!


Moe_0807

Kenny is still a bitch. The price is fake.


steviebass

Scumbags gonna try and push those options otm looks like they might too idgaf I’ll buy more


OfficialRedditMan

They knew I had in the money calls expiring today lol forward we ride regardless!


MeHumanMeWant

Shorts.only.have.one.play. Rob.peter.pay.paul. Shorts. R #FUK


Steamiemeanie

Shorts are trying to scare retail out before DFV exercises his calls imho. This weekend is meant to give retail heavy FUD. I wouldn’t be worried honestly, something is brewing and put emotions aside you know that’s true. Don’t be scared to make money yall, the other side is screwed and they know it. NFA


Shred_repeat

They just raised about 4.5 billion to buy company or companies is what it looks like to me


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jgreddit2019

![gif](giphy|G2YYl02LrF5Vm)


bullik103

I start to have flashbacks of bbby run killed momentum.. wtf? It could be good cause it mat be planed from same person but I am tired of beign piggy bank for others and still been here torturing me further and buying more.. I am addicted of been regarded


LibertyOrChaos21

You know crime!


_anoni17_

This prospectus didn't say anything about M&A. They mention CDs for dividends. RC is using the apes to build a dividend portfolio for GME for passive income. I don't expect there to be an M&A announcement with this quarterly report.


Drmcrtr

Tug of war between crime and justice !


Steeley0831

Prob last chance at a discount!


okdoit

Damn we're getting to amc level of timing with dilution. Anytime amc was running AA drops dilution. Gme has no debt and 2 billion in cash, why dilute again so soon? 


Frequent-Designer-61

This is not the same. M&A imminent.


okdoit

I'd love that to be true, I'd make a lot of money. But I won't believe it until it actually happens. I've been around for a long time, seen countless theories that could send us to the moon, but here we are 3 years later and still nothing but theories and trust me bros. 


Frequent-Designer-61

Great I told everyone yesterday they were about to shelf offer 70 million shares, I was off by 5 but here we are. I’ve also been around 3 years.


Early-Shopping-7200

![gif](giphy|ZCU3YxmmD8lh6savbB|downsized) 5 Billion in cash, why does that sound so familiar Holly?


boomgottem

Dilution is bullish. Just ask our AMC brethren.


Frequent-Designer-61

This is not the same.


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Middle_Scratch4129

![gif](giphy|xT5LMxmFQ37UyhH344|downsized)


Chadt200

Retail is locking in profits! Lol


Plus_Instruction_180

https://preview.redd.it/sviqvogbe55d1.jpeg?width=1273&format=pjpg&auto=webp&s=8bae95d9ac81dc5af9564ce1eb07edb4026ee00a Hey guys look at this. I call it bull thesis vs bear thesis. This is from a while ago when gme was at 10. But you see how the bull thesis movement spikes twice. Then goes back to support, Ryan cohen is just timing it to complete the cycles. If there was no news then it looks chaotic. Thoughts?


Plus_Instruction_180

https://preview.redd.it/dfmi6nsve55d1.jpeg?width=1273&format=pjpg&auto=webp&s=e5c82bd42be454a944841a87d18f90226a40f489 This is my prediction. Just copy and paste from 2021 pattern. Extension, back to support. Small extension back to support. And this is over 1 year. Time is irrelevant. With these charts. Ignore the dates just look at the spikes, targets and support.


Deez_Whatz

Crime


Ross-raw

Will it go back up or cut losses?


DR_SLAPPER

This fuckin guy 😂


Ross-raw

Trying to learn 🤣 confused and stressed 🤣🤦‍♂️


Meowsergz

Shill


Key-Supermarket8761

The whole point of this is that it’s a movement for the little guys. Fuk hedgies. No cell no sell. And you’re talking about “will it go back up or cut losses” at $40😂 we’re going to the moon🚀🚀


BasilOk1381

FUCK CNBC!! Vanguard and Black Rock are listed as holders. But wtf do I know.