DRS Your GME

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Help me understand (lemmy.dbzer0.com)

submitted 5 months ago by [email protected] to c/[email protected]

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Not a shill, I'm a Jan 21 ape that is mostly DRS'd and still holding.

When AA and AMC were selling shares we were vilifying them.

How is another 75 mil share offering by GME any better? I feel like they're giving the shorts a chance to unwind.

Help me understand, I'm smooth af.

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[–] [email protected] 9 points 5 months ago (1 children)

They sell the shares on the market, for market price during market hours. I might be wrong, but I think AMC shares were diluted directly to hedge funds. I might be misremembering.
Gme is not in debt, like AMC is
RC is still holding all his shares unlike AA who sells as soon as he can.

There's probably a plan at Gamestop for the money. We don't know what it is.

If anything it absolves gamestop from any manipulation accusations. And gives them an out by saying they offered shares to prevent MOASS.

[–] [email protected] 2 points 5 months ago

That all makes great sense. Thanks ape!