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GME ATM Offering and Sentiment Change
(kbin.run)
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this post was submitted on 24 Jun 2024
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Honestly, with all the fuckery going on, nothing has changed. Gamestop has got an "out" for when it does happen and if people blame them they can say they offered up shares.
The company is not going bankrupt any time soon, making the shorts even more fucked. The drs numbers haven't changed, only the percentage. Locking down the float was always an unobtainable dream, but worth a shot. And even then if you believe the DD there are so many shorts that the dilution is just a drop in the water.
Their cash on hand is now >40% of their market cap, making this the smartest investment from an objective and squeeze-less point of view. Add in the shorting and fuckery that still goes on to this day, I don't see a problem.
Momentum was probably still going to lose if they didn't dilute, considering this is one of the most, if not the most manipulated stock on the market.
When MOASS happens, it happens. All the rest is just noise.
Yeah, I am wondering if this was going to be the case, it has always got driven down pretty low once the "party" was over.
Every time there's hype and eyes, the stock gets blasted. Why would this time have been any different?
I expect it to blast off when we least expect it. The only out is more shorting for the shorties. Because if they actually buy the shares, the stock will blast to infinity.