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re: GME is going wild because Roaring Kitty posted a photo on X after 3 years of silence
Posted on 5/17/24 at 9:35 am to MusclesofBrussels
Posted on 5/17/24 at 9:35 am to MusclesofBrussels
This was more entertaining the first time. The endless dog chasing its tail mentality is stale. Even if the conspiracies are true…whenever they’re about to trap shorts, the company immediately issues new shares, and the game resets.
1
Posted on 5/19/24 at 2:12 pm to lsuconnman
GameStop didn't issue new shares. They stated they want to "shelve" 45 million shares. They can sell these anytime, but the speculation is they would want to sell these during a squeeze to add a lot of more operating capital.
They did the same in December of 2020. The mini squeeze was in January 2021.
It is AMC that endlessly dilutes for no real reason other than to keep a squeeze from apparently happening and to pocket CEO AA more cash.
They did the same in December of 2020. The mini squeeze was in January 2021.
It is AMC that endlessly dilutes for no real reason other than to keep a squeeze from apparently happening and to pocket CEO AA more cash.
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