Since they are debt-free they can use the billions to buy US Treasuries or similar and use the interest as revenue for profitability or a dividend, for as long as they want. If the share price continues to go up and they issue more shares then they can further increase their interest revenue from treasuries.

tee hee hee

welp, glad that is over and done with.

Personally, I don’t think it’s a rug pull. Worth noting that virtually all of the price action and volume is happening before market open. And there were some weird price swings after hours today from 51 down to 26 and back again, repeatedly for a short period of time. Without any evidence to support or refute anything my assumption is that major players are trying to make deals with each other, and some are successful while others are not.

household investors

Let’s say you have two accounts at ComputerShare with DRSed GME stock. One of the accounts is in pure Book form while the other is mostly Book but also has a few in Plan. If you had the opportunity to see your entry in the ledger, then you could confirm whether or not the ledger showed you as having exactly 1000, 500, or something in between. Anything less than 1000 would support the Heat Lamp Theory.

Another thing worth doing is just summing all the non-DTC/Cede entries in the ledger to the extent possible in the time allowed, to confirm that they add up to whatever the DRS total is for that day. I would expect that would only be possible if the ledger does not list all of the shares in Plan accounts under their respective household investor names.

But looking at the ledger you would be able to tally everyone else.

At a certain point I will feel a strong need to check the ledger myself, just to make sure that I am on it :)

There was some hypothesizing a while back (on SS and before Lemmy) that the initial drop or flatlining of the DRS trendline was due to hedgies having initially DRSed and then un-DRSed them, but I don’t recall if that was ever generally agreed. This was about the time that the Heat Lamp Theory was introduced which seems to have more supporting evidence at this point.

the timing of the increase in volume corresponds to the Heat Lamp Theory’s conjecture, although there may have been other factors as well

Net income Q4 2022 was $48 million, and their revenue during Q4 most years is around 2 Billion compared to around 1Billion for each of Q1, Q2, Q3.

Maybe RC just wants to sell these books so that he can buy more GME?

Their mostly mindless games that people use to occupy their time such as puzzle games, candy crush, fashion dress up games, etc. Easy to start playing and easy to put down, so a lot of people have them. I think most people might pay $10 for a few games each per year, while only a small percentage of people are paying a lot of money into one specific game.

In a nutshell, it was all the conversations that should have happened on Superstonk, but which were banned there (on SS). One of the tags that people could use for posts was ‘black tar tinfoil’

Where are you all getting brunch?

we gen Xers just grew up expecting Nuclear Winter, and we’re still waiting

My personal opinion is that GME is undervalued however I don’t necessarily expect that to change any time soon. The video you reference contains several errors which this community has discussed in previous threads.

https://lemmy.whynotdrs.org/post/266502

As someone that knows nothing, my conjecture is that Gamestop changed the wording either as a ‘favor’ to the SEC or because they knew the numbers provided by computershare or cede were fundamentally wrong, but couldn’t call it out directly.

I’m looking at the Numbers from the List of Stockholders you provided, and there are some wild statistics. For example the ‘mode’ for # of shares is 4 but the Std. Deviation is 3,121.

Those are very reasonable (and very conservative) numbers.