4 ms·
They already increased total number of stock by +39% in last 12 months, GME will squeeze the last penny from those people.
by CWwdcdk7h 5mo ago
They already increased total number of stock by +39% in last 12 months, GME will squeeze the last penny from those people.
- deleted 5mo ago[deleted]
- vessenes 5mo ago… and the stock has not dropped 39%, in fact it’s trading about where it was a year ago. Shareholders have been content to let Cohen add to the balance sheet, adjust operations and make a large move. This is one such move. And GME is up 5+% in pre trading, so shareholders are generally positive about this idea.
- cyanydeez 5mo agothe shareholders of GME operate under the delusion that there's gonna be another magic short squeeze.
- fineIllregister 5mo agoIf Cohen's "large move" was to buy EBay, investors could have done that themselves. They would have gotten a better deal on shares in the new company. Also, they'd be up 50% over 12 months. Partly because Cohen "adding to the balance sheet" has meant dilutions, and there will be more for this deal.
- DSMan195276 5mo agoYeah this is the funny part to me - if you thought EBay was an amazing business then you could have just bought that stock months or years ago. Maybe the combined company will really be worth more than both companies individually, but for the most part this is just GameStop deciding how you should have invested your money months ago.
- prewett 5mo agoTechnically, we only know that the marginal non-shareholder is 5% more positive about the idea, since the price represents what the marginal buyer and seller are willing to transact at. The only shareholders involved in the increase are actually selling.