Oh my.... https://gamestop.gcs-web.com/node/19686/html GME just announced a stock split and stock dividend. Things could get very spicy.
I keep bumping into walls, hard to get through doorways. Forget exercising, I'm having to replace too many shirts. At night, I wake up, sweaty, murmuring....."Gamestop. Gamestop. GAAAAAMESTOPPP!!"
For those of us who are just spectators, what’s this mean? I’m guessing here, but if you asked me what I thought it was, with no knowledge at all - it sounds like they increase the number of shares and they’re worth the same basic percentage of the whole? As in - if you have 100 shares at $1.00 a share, now you have 200 shares at $0.50 a share?
The dividend is a stock dividend. Sounds like Ryan is thanking the investors by improving their stakes and putting even more pressure on shorts.
They're doing the same thing that Tesla did. They're doing the stock split, then issuing additional stock as dividends, so that nobody's position gets diluted. I really don't know what the fuck is going to happen, but I get the impression that this is a big fucking deal, and we'll see something major happen as a result.
So there's this guy on YouTube who does stock analysis that I occasionally watch because he has a Scottish accent and does the best ever rants. Tradespotting. Well, today he got the news of the stock split live, and it was pretty impressive watching him tear up as he fully digested the news. Go to 37:39 for the start of it. I think he really gets it. Ryan Cohen gives a shit about his investors. He has hugely rewarded every single investor in his company by this dividend stock move. Sure, if fucks over the shorts, but he could have done it so many other different ways and made so much more money. But he didn't. Stock Dividend. He's thanking the investors for making it all happen in the first place. This is going to be fucking awesome to watch play out.
That, and I hope those of us who invested even a few shares make a shit-ton of cash off of it. Because if there's one thing I've learned from this whole GME thing over the last year, it's that the stock market is a rigged casino.
Sure hope so. Yeah, the more I learn about what the casino can do, and does so... Its depressing. Makes me never want to invest again because it's so unfair and controlled by stuff that shouldn't matter with company stock valuation. I am hopeful this ends well for my family.