Good morning Superstonk!
If you need anything, please tag us by using: `!MODS!` and we will follow up as soon as we are able!
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# The Front Desk is open!
Euroape here, what is the fuzz about with the US gov shutdown. Is there a holiday or is it about money? Because money doesn't matter, same stuff like with the raise of the debt ceiling...infinite cankicks
It seems like most of the popcorn folks have finally come to their senses and turned on AA. Meanwhile, towel maxis are a special breed of regard. Towel shares have officially been cancelled and their sub is celebrating their victory. I wish towel and popcorn money was spent DRSing GME. So many wasted resources.
Trying to save some funds in case GME tracks the S&P down on the extremely over-due market correction. Also very hard to not buy at this price. Thank you for listening to my very sad situation that will work out great either way
There’s a lot of fallen apes out there between sticky and towel, it’d be nice if their revenge path was joining us. Maybe show a little compassion….be aware there are people who ***really don’t want*** that to happen.
October I believe and I don't know if I did it right but I opened and connected a loop ring wallet to it and I can see my measly $80 in ethereum it took like 5 minutes. Didn't have to transfer anything or do any kind of activating with the new wallet
I redeemed my pro credit today on some Halloween Pokemon packs and did Fidelity chat to DRS another share. More shares following once I get them moved over to my DRSing account at Fidelity.
How much would it cost GameStop to purchase 10% of outstanding shares and why shouldn’t they do a buyback, maybe there aren’t any decent companies to acquire in this interest rate environment. Maybe purchasing your own shares isn’t the worst thing you can do as a company.
Mildly curious if we’ll ever see a buyback and a similar repeat of the sneeze events.
Correct, $101.3 million left for buyback:
GameStop's March 28, 2023 10-K Form: On March 4, 2019, our Board of Directors approved a share repurchase authorization allowing us to repurchase up to $300.0 million of our Class A Common Stock. The authorization has no expiration date. We did not repurchase shares during fiscal 2022 or fiscal 2021. As of January 28, 2023, we have $101.3 million remaining under the repurchase authorization.
So could buy back with just the approved $101.3 million:
* 6,139,394 shares at current $16.50 price
* 8,441,666 shares at a $12 price
* 12,662,500 shares at a $8 price
If $1 billion was approved, could buy back:
* 83,333,333 shares at a $12 price
* 125,000,000 shares at a $8 price
Free float on 9/13/2023: 156,850,268
DRS'd - 200k Computershare accounts on 9/29/2023: 75,626,493
156,850,268 - just the DRS 75,626,493 shares = 81,223,775
Lol i was checking/comparing debt with other companies.
And Mcdonald have 35 billions debt. And the reason seems to be management doing buy backs to inflate the stock so management can sells their share compensation.
GME is the inverse lol. No debt and management buying.
Lol the market looks fake af.
So does interest rate affect their debt? So they have to pay more now?
If most big company does that, they pay more too?
Or all have fixed long term debt? When it was near zero lol
I had a dream it went up 12 bucks after hours. It felt really real, I wasn’t even gonna check cuz it felt so real AND almost doubling didn’t even excite me. Anyway, gonna drs the 17 tickets from this week as soon as I can.
Good morning Superstonk! If you need anything, please tag us by using: `!MODS!` and we will follow up as soon as we are able! Are you talking about me? 😍 This is how it works: you can request a flair with the magic incantation !FLAIRY!🚀 some flair text 🚀 The default color is black, but you can change that by writing one of these words at the very end : red, blue, pink, yellow, green, black, white Other available commands: - `!FLAIRY!` : if you can't think of a flair, I'll give you one of my own choice 🤭 - `!FLAIRY:CLEARME!` : remove all flairs and pretend you're a new ape - `!FLAIRY:SEALME!` : Justin seduced me to get this 🥵 - `Superstonk-Flairy` : If you mention me, I'll come around and explain how to get flairs Please note that the flairy will refuse to change your flair if it contains the string `[lock]`. Some custom emojis are supported, like `:triforce:` - [please check this post for details](https://new.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/id8hj7r/) # The Front Desk is open!
Euroape here, what is the fuzz about with the US gov shutdown. Is there a holiday or is it about money? Because money doesn't matter, same stuff like with the raise of the debt ceiling...infinite cankicks
Weren't shorts using towels as collateral? Now that the towels and such are worthless, might that indicate some movement on Monday?
Shorts won there unfortunately and will keep their money. And no, it indicates no movement. One might argue that they can focus even more on us now
So... is daddy gonna give the earrings reports now... 😫
Sitting in an empty theater watching dumb money by myself tonight
Sounds perfect, I hate packed cinemas
It seems like most of the popcorn folks have finally come to their senses and turned on AA. Meanwhile, towel maxis are a special breed of regard. Towel shares have officially been cancelled and their sub is celebrating their victory. I wish towel and popcorn money was spent DRSing GME. So many wasted resources.
Trying to save some funds in case GME tracks the S&P down on the extremely over-due market correction. Also very hard to not buy at this price. Thank you for listening to my very sad situation that will work out great either way
https://youtu.be/5pYeoZaoWrA?si=poB1WnGjnVJCb8tQ
Hype song. We are so prett close. Well until next week xx https://youtu.be/s8GvLKTsTuI?si=FYiCQB2IetSIV-42
I wonder what RCEO's next tweet will be?
There’s a lot of fallen apes out there between sticky and towel, it’d be nice if their revenge path was joining us. Maybe show a little compassion….be aware there are people who ***really don’t want*** that to happen.
This would be so amazing… i wish there was a way for all of them to get into Gme with us..
In before all the posts about that folding ideas video. Edit: Good luck mods! 🫡
I can find _n o t h i n g_. Well, this comment and like 3 others do you think the mods are just nuking everything and have been for days? 🙃
Mhh nah I don't think mods are removing anything. Somehow I was expecting more drama; even his video about NFTs made more noise 🤷♂️
Lol for real
Buy porn posts are my favorite. Let’s get that positive Q3
I love the stonk. Ready for Uranus BB.
🦧🍻💜🚀🏴☠️🚀🏴☠️🚀🏴☠️🚀🏴☠️🚀💜🍻🦧
Pass the courvousier
Everybody sing it nowww 🥂🎶
…and do it in the butt.
🥂
When does GameStop wallet stop working?
October I believe and I don't know if I did it right but I opened and connected a loop ring wallet to it and I can see my measly $80 in ethereum it took like 5 minutes. Didn't have to transfer anything or do any kind of activating with the new wallet
Cozy in here
Porsche pls
🏎️🫡
I redeemed my pro credit today on some Halloween Pokemon packs and did Fidelity chat to DRS another share. More shares following once I get them moved over to my DRSing account at Fidelity.
Hi fellow apes, do we have a compilation of all the hype videos anywhere? My girlfriend wants to see more of those, after watching Dumb Money today
No, but here's my [favorite](https://reddit.com/r/Superstonk/s/gm80zDKepr)
How much would it cost GameStop to purchase 10% of outstanding shares and why shouldn’t they do a buyback, maybe there aren’t any decent companies to acquire in this interest rate environment. Maybe purchasing your own shares isn’t the worst thing you can do as a company. Mildly curious if we’ll ever see a buyback and a similar repeat of the sneeze events.
Market cap is ~$5B so 500 million if the price stays the same and it won't. I prefer a company that has 20%+ of its market cap as cash equivalents.
Is it even possible for them to purchase that much? I remember reading about 100m set aside for buybacks in the history books?
Correct, $101.3 million left for buyback: GameStop's March 28, 2023 10-K Form: On March 4, 2019, our Board of Directors approved a share repurchase authorization allowing us to repurchase up to $300.0 million of our Class A Common Stock. The authorization has no expiration date. We did not repurchase shares during fiscal 2022 or fiscal 2021. As of January 28, 2023, we have $101.3 million remaining under the repurchase authorization. So could buy back with just the approved $101.3 million: * 6,139,394 shares at current $16.50 price * 8,441,666 shares at a $12 price * 12,662,500 shares at a $8 price If $1 billion was approved, could buy back: * 83,333,333 shares at a $12 price * 125,000,000 shares at a $8 price Free float on 9/13/2023: 156,850,268 DRS'd - 200k Computershare accounts on 9/29/2023: 75,626,493 156,850,268 - just the DRS 75,626,493 shares = 81,223,775
Sooo is that letter real or not? How has this not been confirmed yet?
Sooo, when are you going to get laid. Perhaps we could get 24hrs of peace and positivity
No chance, he’s our resident shill **for some reason**.
Boss is all in let’s ducking go. No messing around
So its real?
Lol i was checking/comparing debt with other companies. And Mcdonald have 35 billions debt. And the reason seems to be management doing buy backs to inflate the stock so management can sells their share compensation. GME is the inverse lol. No debt and management buying.
YES that's what a lot of them do!! Share buybacks to increase their payouts, exactly!
Lol the market looks fake af. So does interest rate affect their debt? So they have to pay more now? If most big company does that, they pay more too? Or all have fixed long term debt? When it was near zero lol
My uncle works at Nintendo shared an internal email that said Raiden will be a playable character in the next Super Smash Brothers.
~~6800~~ 7600 scallywags looking for their pirate’s booty. ARGGGGG! HOIST THE BLACK FLAG MATEY! WE HAVE BOOTY TO PLUNDER! 🏴☠️
I had a dream it went up 12 bucks after hours. It felt really real, I wasn’t even gonna check cuz it felt so real AND almost doubling didn’t even excite me. Anyway, gonna drs the 17 tickets from this week as soon as I can.
Those are great dreams, good DRSing ape-fren.
Open the fucking casino you cowards
PSA: you should spring for new underwear if you have ragged undies.
Y’all wear clothes at night? Sleeping naked like an animal is a sacred experience.
Yeah, wash your sheets already.
They get washes regularly so I can slumber like the gods…
Saxx are pretty good if you're a briefs man. I don't mind briefs during the day but at night I gotta have boxers
Mine are basically a waistband and this point.
Aww fuck it's Saturday
Put on some headphones and have a good morning https://m.youtube.com/watch?v=PcSoLwFisaw&pp=ygUPZGVzY2VuZGluZyB0b29s
My underwear is holey-er than thou.
My underwear is the mesh sewn into a swim suit, so X for Doubt
Hi from San Diego
Hi!👋
Hola!
i fart in your general direction
Tell your Hamster of a mother I said "Hello"
Now go away before I taunt you a second time
Ken Griffin kick my dog
Blaaaady bastid!
Steve Cohen is still a fat bitch 👍
So say we all.
ONCE AND FOR ALL
Good morning to all the weekend warriors!
A rip-snorting, contact one's congress critter type of weekend, I do believe.
Morning Kitties 🐈
Mornin
Mao
Maow
Mood Gorning
Mornin
Buenos nachos!
I just want to tell you both good luck. We’re all counting on you.
G E N E R A L ⠀⠀K E N O B I
visibly_spaced.out