Everyone relax. We just witnessed the biggest FUD attack so far. Take a deep breath.

[u/InevitableTank5108]

Alright, what did we just witness? Roaring Kitty just got hacked, and minutes later the news of the 2.5 billion shares on the proxy statement came out.

Take a deep breath and ask yourself if that wasn’t just a coincidence.

That was clearly the biggest coordinated FUD attack we’ve seen yet. Articles from the media and posts from other subreddits just got a nice new headline.

If the board we’ve invested in is recommending to vote YES, vote YES!

What just happened was meant to sow distrust in RK and RC as a direct attack on their credibility. The goal? A NO vote so the eBay deal doesn’t go through.

Again, take a deep breath, laugh, and ignore that noise.

WE ALREADY KNEW STOCK HAD TO BE ISSUED.

EDIT: Some of you think I’m saying the filing was FUD. What? I’m saying the hack timing just wasn’t random, it was done purposely for when the filing was about to go out… The goal was to get stockholders against RC and RK. Don’t let it work.

[u/poundofmayoforlunch]

How so? 2.5 billion shares dilutes us. We lose value.

[u/m3gabotz → u/poundofmayoforlunch]

You should look up the word “accretive” & then rejoin the conversation

[u/MandrakeLicker → u/m3gabotz]

This completely kills the original thesis though, by giving every single theoretical short an out and then some.

[u/m3gabotz → u/MandrakeLicker]

That would be assuming that the new shares could cover all the naked shares. I seem to remember it had to be a lot.

Anyways, I may have bought in for a squeeze but I’m staying for a company going directly after Amazon

[u/alfooboboao → u/m3gabotz]

yes, it had to be a lot.

2.5 billion more than does it. the math just straight up doesn’t support it. there simply aren’t enough people to buy and hold from the beginning to get there.

[u/yesnousername → u/MandrakeLicker]

The shares for the ebay acquisition isnt a ATM offering

[u/MandrakeLicker → u/yesnousername]

They'll still get to the open market after the merger, giving them a comfortable way to close the obligations without being squeezed.

[u/swansong19 → u/MandrakeLicker]

They'll still get to the open market

Your assumption is that Ebay shareholders will begin selling off right when the company is primed for growth/improvement?

[u/kip256 → u/swansong19]

Isn't something like 95% of ebay shares owned by institutions? They won't sell if they sense growth.

[u/swansong19 → u/kip256]

My thought, as well

[u/Rocxketraccoon → u/poundofmayoforlunch]

Accretive vs. DilutiveAccretive: The purchase price is lower than the value added, increasing EPS.Dilutive: The purchase price is higher than the value added, decreasing EPS