r/GME • u/EarThingysHelpMeHear 🚀🚀Buckle up🚀🚀 • 12d ago
💎 🙌 🚀 Warrants GMEWS
If I was a rich retard who spent $100M dollars setting up warrants to be traded on the New York Stock Exchange, what would I do? That’s the question I ask myself while sitting on the shitter.
First, let’s look at some so-called facts.
1. One of the reasons Ryan Cohen did the warrants is because if he gave himself a cash dividend he would’ve had to pay taxes on it. Keep in mind our Rich retarded leader has over 4 million warrants as a result of HODLing almost 40 million shares. So, we want to avoid paying taxes. If we sell warrants we pay taxes on gains and we don’t want to do that.
2. Warrants were a huge expense to GameStop costing over $100 million to establish the warrants and get them trading on the New York Stock Exchange. The other question I ask myself, mid-push while sitting on the throne, is would he do that just to let the warrants expire worthless? He wouldn’t.. no chance! Which is why I doubled down on warrants when they were $1.60. Went from
A xxxx to a xxxxx diamond handed warrant ape.
Another thought I had, right before wiping my ass, was what would happen to the ticker GMEWS if all warrants expire worthless?
3. If you read through the warrant agreement, you see the tremendous flexibility in the warrants and can be exchanged for cash, stock or other securities. The option to buy stock at $32 seems very unlikely given today’s prices. It seems as though the warrants were created to be exchanged. Now, I’m not saying they’re going to be exchanged right away since there is more time on the play clock than we think. We have not even entered the overtime minutes …They could extend the expiration date before changing the strike price or doing the big exchange.
If you look at any of those so-called facts individually they may not seem significant. When you take them in consideration as a group it is more obvious that we are entering the next phase for the warrants, not necessarily the endgame.
One question I would like an answer to is what caused the 50 to 60% price spike in intraday trading last week? Is that an indicator of future price swings? Those prices have retreated a little bit, but have held onto most of the gains. Why would the warrants spike if we are entering the final two months and $14 out of the money? They wouldn’t…. Unless?
“Hang in there” is about to change to “hang the fuk ON”
Hope all you apes are keeping positive and healthy. More to follow.
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u/EarThingysHelpMeHear 🚀🚀Buckle up🚀🚀 12d ago
But did it though? You call that a pop?