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Message
re: GME is going wild because Roaring Kitty posted a photo on X after 3 years of silence
Posted on 5/20/24 at 6:32 am to GhostOfFreedom
Posted on 5/20/24 at 6:32 am to GhostOfFreedom
quote:
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 are prepared to increase their outstanding shares. It is the opposite of a share buy back. It dilutes current shareholders.
1
Posted on 5/20/24 at 8:42 am to slackster
quote:
They are prepared to increase their outstanding shares. It is the opposite of a share buy back. It dilutes current shareholders.
I didn't say it wasn't. If it goes up, they can take advantage of it and strengthen the company. They already have a billion+ in cash reserves.
I don't understand why so many of you hate GameStop so much. It is funny, in an odd way.
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