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With main reddit sub devolving in whatever that shit is, what are people here thinking about it?

Looks like momentum was lost? Was the 3b worth it from shareholder perspective?

Kinda hard to accept the sub justifying considering the squeeze was stated the goal on there, esp in context of DRS that was essentially undone.

Some background: https://www.youtube.com/live/CKX9J9rb7uc

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Citadel CEO Kenneth Griffin at current age wearing a generic fast food worker uniform standing at order counter of fast food restaurant...

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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.

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https://reclaimthenet.org/etrade-reportedly-considers-shutting-down-roaring-kitty

1. Where did DFV come up with this much money? Has he been quietly KILLING IT earning tens of millions with other investments the past 3 years? How would an average guy earn that much cash in such a relatively short period of time?

-- Observation: The price of his calls & cash on hand is somewhat similar to GME's drop in cash/equivalents. -- Speculation: Is DFV being funded by Gamestop?

2. DFV continues to use the "power" icon in his memes, and everyone seems to assume it means Gamestop. The company, however, doesn't use the power icon for any current marketing or registered trademarks - you can't actually, it's an IEC recognized symbol based on binary (1, 0). IIRC it used to be loosely affiliated with the PowerUp rewards program marketing, but PowerUp rewards has been defunct for years, with the company using the unified "GS" moniker for brevity. The Gamestop website's favicon is currently the power icon, however this is the default for any Salesforce Demandware e-commerce site, and as a result many other sites share the same favicon. Question: Can anyone find a link to any Gamestop branding or marketing using the power symbol, past or present?

• Speculation: Could DFV be slyly referring to something else entirely?
• The power symbol appears in other posts, never in the "12 o'clock" orientation... Signs, Always Sunny, etc. are all askew, even when they could've been aligned properly. With the exception of...
• In his post from May 15 @ 8:45am Eastern with a scene from Ozark (season 3), the picture above the mantle is the power sign upside down, Q-like. She later defiantly turns it right side-up, returning it to the typical form of line/1 on top.
• From this scene she illegally enters her family's old home, has moments of sentimentality, then becomes mischievous - turning the current family's portrait upside down & adding food coloring to their milk.
• Why? Referring to introducing chaos for other companies in various stages of bankruptcy (...Q ticker symbols)?*

I'm just waiting for the story to unfold, but also very entertained and enjoy attempting to dissect these potential puzzles.

Today's low: $185.10 Today's high: $726,715.62

Holy crap

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On May 17 GameStop announced plans to sell up to 45 million shares, and on May 24th they announced that all 45 million shares were sold for $933 million, at an average price of about $20.73.

Modifying shares outstanding from 306 million to 351 million is an approximately 15% dilution. A shareholder could have expected the value of their own share holdings to have dropped 15% from this action, but shareholder value hardly went down at all as a consequence of the dilution and in fact is up about 75% from May 1 to May 24.

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source: gmetimeline.org/ownership

image source

"Held at" DTC versus Computershare

As of March 20, 2024 there were 305,873,200 shares of GameStop's Class A common stock (GME) outstanding.

"Of those outstanding shares, approximately 230.6 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and approximately 75.3 million shares of our Class A common stock were held by registered holders with our transfer agent (or approximately 25% of our outstanding shares)."

• 25% of issued shares of GME are owned by directly registered shareholders

• The other 75% is held by Cede & Co on behalf of the DTCC

As of May 24, 2024, GameStop completed an at the market equity offering, and sold 45,000,000 shares, increasing the total amount of shares outstanding to approximately 351,000,000.

DRS vs DSPP

Information about DRS versus DSPP counts held at Computershare are not reported publicly.

This information is available, however, on the GameStop stockholder list which can be viewed in person at GameStop headquarters.

The latest data we have was from 2023 when GME shareholders viewed the stockholder list and obtained some data including DRS vs DSPP counts. Source: https://www.drsgme.org/2023-stock-list-viewing

The DRS vs DSPP numbers in the graphic have been rounded for simplicity based off the data from that 2023 source.

Of shares held by Computershare: 53 million DRS, 22 million DSPP.

May 24, 2024

GRAPEVINE, Texas, May 24, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has completed its previously disclosed “at-the-market” equity offering program (the “ATM Program”).

GameStop disclosed on May 17, 2024 that it filed a prospectus supplement with the U.S Securities and Exchange Commission to offer and sell up to a maximum amount of 45,000,000 shares of its common stock from time to time through the ATM Program. The Company sold the maximum number of shares registered under the ATM Program for aggregate gross proceeds (before commissions and offering expenses) of approximately $933.4 million.

GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments.

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So a sub-penny stock in a dead company suddenly changes registrars.

And none of the search engines I use seem to work this morning. The revolution will not be searchable.

EDIT; turns out it's just Bing and Copilot failing... https://www.theregister.com/2024/05/23/bing_and_copilot_fall_from/

Nice to know they're on top of their tech when my DRS depends on it...

"And Computershare is big: the Australian company had revenue of $3.3 billion last year, its 14,000-plus staff work across more than 20 countries, serving 40,000 clients and 75 million end-customers. All of which requires 24,000 VMs – a fleet few orgs will match."

I mean, besides money laundering...

Consider this screenshot of a meme from Roaring Kitty. It comes from time 33:25 in the video compilation of his memes [0]. Notice the cartoon character Goofy inserted into the live action film. The detective is deep in thought while staring at Goofy. Then the detective drops his coffee mug –– shattering it on the floor.

This is a reference to a moderator of r/walltreetbets. He posted a photo from a Christmas party at Walt Disney World exclusively for Citadel employees. The implication being that this moderator is a Citadel employee at the party [1] [2].

r/superstonk reposts the photo, and riot of posts ensues. Mods must have been out for Christmas. Maybe also at the Citadel party? And then the next day, every post and every comment on this topic is deleted. “This content is not appropriate.” I confirmed on reveddit at the time.

Later the moderator at the Citadel party claimed that he was not a Citadel employee –– but rather a Walt Disney World employee playing Goofy at the party.

[0] https://x.com/roaringpika/status/1792256419544055876 [1] https://lemmy.world/comment/5020083 [2] https://x.com/john55144586/status/1602405226614558728

“Roaring Kitty, once I decided to follow you, you promised to walk with me all the way. But during the most troublesome times, there is only one set of footprints. When I needed you most, why did you leave me?”

“My precious child, during your times of trial and suffering, when you see only one set of footprints, it was then that I carried you.”

(original content)

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https://www.reddit.com/r/Superstonk/s/9Mrw1OnwkS

https://www.reddit.com/r/Superstonk/s/6UCtww93UB

https://www.reddit.com/r/Superstonk/s/0riinDTG2l

https://www.reddit.com/r/Superstonk/s/UAtkfWwG1d

https://www.reddit.com/r/Superstonk/s/ZwBH9KL425

https://www.reddit.com/r/Superstonk/s/BizpwMAzvb

https://www.reddit.com/r/Superstonk/s/cgg6iKqXsi

https://www.reddit.com/r/Superstonk/s/ueWSGIFTdm

https://www.reddit.com/r/Superstonk/s/7E17M2dfPY

https://www.reddit.com/r/Superstonk/s/1MRCid7h7v

https://www.reddit.com/r/Superstonk/s/qRaAcvbGN8

https://www.reddit.com/r/Superstonk/s/mDwUgyTwwj

https://www.reddit.com/r/Superstonk/s/MomNsGbfsC

=========== End of Message

Now, this is something I personally want to add: this what happened to him it's the last of many shitty things that happened during this saga. When the time comes, remember all these events, how people got abused and harrassed - and make them pay the RIGHT price (which is a cell and all they own and more). Because I will. Oh, if I will...

💎🤲🏻

In this tweet from @TheRoaringKitty [0], a pizza is repeatedly sliced into thinner and thinner slices. This is a reference to the reply from New York Federal Reserve to the Clearing and Legal Certainty Group from the European Commission [1].

When you buy stock, you don't actually get stock –– just a security entitlement. This is a pro-rata share of the stock held by the intermediary. When other shareholders DRS, then their security entitlements at the intermediary become real stock at the transfer agent.

So the intermediary is left with less and less stock, and your pro rata share gets smaller and smaller. Like the thinner and thinner slices of pizza.

[0] https://twitter.com/TheRoaringKitty/status/1790770363627921776 [1] https://archive.org/details/ec-clearing-questionnaire

FYI: It ended at $48.75 today, and is up over $53 right now in afterhours trading.

This one's been around in other media, tallest building in Ft Worth just sold for 10% at a foreclosure auction.

This on top of the pressure from work from home and GME investors not budging.

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Looks like an interesting day ahead.

I'm drinking lots of water.

Edit: I ffnd myself in agreement with speculation that this might be a dangerous and expensive (desperate?) rug pull to buck more investors off their back. Likely will just demonstrate how disconnected they are and might run away from them.

I also buried a "NO 4" in this lines on this one

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I get an error and need to reload nearly every time.

https://sitereport.netcraft.com/?url=http://lemmy.whynotdrs.org

I wonder if cloudflare has any connections with shf's.

Second time around, they're hoping we'll miss this one.

Link...https://old.reddit.com/r/Superstonk/comments/1ciqum4/simians_smash_sec_rule_proposal_to_reduce_margin/

From post, full post has long template... "Well done fellow Simians! 👏 Thanks to OVER 2500+ of you beautiful apes, the SEC has decided the OCC Proposal to Reduce Margin Requirements To Prevent A Cascade of Clearing Member Failures is dog shit wrapped in cat shit. We need to kick this while it's down so it's out of the game.

... the Commission is providing notice of the grounds for disapproval under consideration.

[SR-OCC-2024-001 34-100009 (pg 4); Federal Register]

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Notice of the grounds for DISAPPROVAL

The phrase "notice of the grounds for DISAPPROVAL" is formal speak for "here are the reasons why this is bullshit". HOWEVER, the rule proposal isn't dead yet. Part of the bureaucratic process is this notification of why it should be disapproved followed by a comment period where the rule proposer and supporters (e.g., OCC, Wall St, and Kenny's friends) can comment and try to push this through by convincing the SEC otherwise.

Apes can also comment on the rule proposal IN SUPPORT OF THE SEC and the grounds for disapproval. It's time to kick this to the curb.

SEC's Reasons This Proposal Is BS..."

Noticed this post on reddit, decided to give this >40 minute documentary a watch.

A review of GAMESTOP to the MOON - How Reddit almost triggered an Economic Crisis | FD Finance

★★☆☆☆

2/5, would not recommend.

TLDR: documentary focuses primarily on the events of late 2020 and early 2021, conflates AMC and GME as equivalent things, concludes with the insinuation that all AMC, GME, and NFT investors are losers that have lost almost everything

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• Title of the documentary does not match the content of the documentary. A more appropriate title might have been "the story of Reddit day traders pumping AMC and GME." That is what this documentary was about.

• paints most of these investors as either foolish day traders or naive investors, uses words like "gambling", "casino"

• lots of FUD sentiment throughout

• a few of these investors made a lots of money while most investors were losers

• 32:04 "GameStop led the way. And, as a group, the totality of the group picked AMC next. And, it wasn't like somebody said oh man we're all gonna go over to AMC, it's just kind of you know, that's where the flow goes, that's where the chatter goes, and AMC was the next stock."

• for some reason, out of nowhere, in the final 5 minutes the documentary suddenly starts talking about NFTs and makes them out to be pointless. Doesn't mention GameStop's relationship with NFTs but in stead focuses on how NFTs were a speculative bubble with foolish investors, just like with AMC and GME.

Total waste of time. I don't know who the intended audience was for this, but this is just more pointless narrating about the lives of people that experienced events that happened 3 years ago, concluding that the story is over and all those people that didn't get out with gains are losers that are never going to win.

It's as if the media like this is stuck in the year 2021. Reddit. Wallstreetbets. AMC. GameStop. Day traders. Robinhood. Down 90% since peak. The end.