DRS Your GME

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Community to discuss the DRSGME.org project and resources, and how to spread DRS advocacy and information to GameStop investors around the world.

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GME ATM Offering and Sentiment Change (kbin.run)

submitted 4 months ago* (last edited 4 months ago) by sunzu@kbin.run to c/drs_your_gme@lemmy.whynotdrs.org

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With main reddit sub devolving in whatever that shit is, what are people here thinking about it?

Looks like momentum was lost? Was the 3b worth it from shareholder perspective?

Kinda hard to accept the sub justifying considering the squeeze was stated the goal on there, esp in context of DRS that was essentially undone.

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[–] DosDude@retrolemmy.com 17 points 4 months ago (2 children)

Honestly, with all the fuckery going on, nothing has changed. Gamestop has got an "out" for when it does happen and if people blame them they can say they offered up shares.

The company is not going bankrupt any time soon, making the shorts even more fucked. The drs numbers haven't changed, only the percentage. Locking down the float was always an unobtainable dream, but worth a shot. And even then if you believe the DD there are so many shorts that the dilution is just a drop in the water.

Their cash on hand is now >40% of their market cap, making this the smartest investment from an objective and squeeze-less point of view. Add in the shorting and fuckery that still goes on to this day, I don't see a problem.

Momentum was probably still going to lose if they didn't dilute, considering this is one of the most, if not the most manipulated stock on the market.

When MOASS happens, it happens. All the rest is just noise.

[–] sunzu@kbin.run 4 points 4 months ago (1 children)

Momentum was probably still going to lose if they didn't dilute,

Yeah, I am wondering if this was going to be the case, it has always got driven down pretty low once the "party" was over.

[–] DosDude@retrolemmy.com 9 points 4 months ago

Every time there's hype and eyes, the stock gets blasted. Why would this time have been any different?

I expect it to blast off when we least expect it. The only out is more shorting for the shorties. Because if they actually buy the shares, the stock will blast to infinity.