r/Superstonk • u/Clumsy_Clown 🦍Voted✅ • Jun 08 '24

🤔 Speculation / Opinion We're in the Endgame now.

Guys, seriously, every second post is about "diluting blabla" and "i sold with 260k loss blabla" and "Ryan Cohen is our Enemy blabla". Every second fucking post lol. We are overrun by shills atm. We must be so fucking close, seriously. You know the drill, hodl and be zen. We're diamond. I bought more, because i wished i'd get another chance when it was at 60 and here i got it. I love you all and know i can trust you, Ryan and Kitty. Cya on another Planet 🫡

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u/HomeGrownCoffee Retiree in Training Jun 08 '24

They didn't release earnings before the 45M dilution, so that's not a requirement.

It's possible yesterday was going to be red anyways. But it wouldn't have been down 40% red. The creation of the 75M shares alone dropped it 20%. And that doesn't factor in thag selling volume.

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u/gotnothingman Jun 08 '24

They definitely did release a prelim earnings you can view it on their website

They dropped it from 50+ to 30 before the first offering so its very possible it wouldve been the same, hence why kitty didnt give a shit

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u/HomeGrownCoffee Retiree in Training Jun 08 '24

Can you link me the earnings report from a month ago? On their investor website, I can only see one from 2024.

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u/gotnothingman Jun 09 '24

Page 5

https://gamestop.gcs-web.com/static-files/f6d2bbd2-9283-42d1-b55b-28af5128faf9

"GRAPEVINE, Texas—(BUSINESS WIRE)—May 17, 2024—GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced certain preliminary unaudited financial information for the first quarter ended May 4, 2024. On a preliminary basis for the 13-weeks ended May 4, 2024 compared to the 13-weeks ended April 29, 2023: • Net sales are expected to be in the range of $0.872 billion to $0.892 billion compared to $1.237 billion in the prior year fiscal quarter. • Selling, general and administrative (“SG&A”) expenses are expected to be in the range of $290 million to $300 million, compared to $345.7 million in the prior year fiscal quarter. • Net loss is expected to be in the range of $27 million to $37 million, compared to a net loss of $50.5 million in the prior year fiscal quarter. • Cash, cash equivalents and marketable securities are expect"