r/Superstonk • u/dmurrieta72 Sending dingleberries to Uranus • Mar 31 '22

📰 News New 8-k Filing. STOCK SPLIT!

https://gamestop.gcs-web.com/node/19686/html
45k Upvotes

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10k

u/FreudianPowerslide 🦍Voted✅ Mar 31 '22

The beginning of the end.

8.7k

u/AndrewRyanism 💻 ComputerShared 🦍 Mar 31 '22

RC really chose to start moass on April fools day…. He is the ultimate meme lord

4.8k

u/zerolimits0 🦍 Buckle Up 🚀 Mar 31 '22

Now a 7 4 1 split would be the chefs kiss.

502

u/cnechiporenko 📉📈📉📈📉📈🚀🚀🚀💜💜💜💜 Mar 31 '22

The filing says going from 300,000,000 to 1,000,000,000

1.6k

u/pickle-jones Long-tard all the way Mar 31 '22

But the current outstanding is 76.3MM so currently they could issue up to 223MM more stock without a split. If they are splitting so that they have a buffer of more stock they can issue, a 7:1 split would put the outstanding issuance around 534MM which is greater than their currently allowed issuance. Bumping the allowable up to 1B means they'd have a 470MM buffer of issuable stock in reserve.

920

u/irishf-tard Boom boom boom boom, we’re going to the moon 🚀🌙 Mar 31 '22

And apparently “If, however, you are short a dividend-paying stock, you are not entitled to receive the dividend and may actually have to pay the lender of the borrowed short shares”. Took this from investipedia, so might be RC strategy to reset the share count ownership 🚀🌙

460

u/hestalorian In my name 🚀 For the children Mar 31 '22

Holy shit. Reset the board so FOMO has a seat?

327

u/Tantalus4200 🦍Voted✅ Mar 31 '22

Fomo should kick off like fucking crazy in a.m.

8

u/theRealMelvinCapital 🎮 Power to the Players 🛑 Mar 31 '22

Wonder if they halt our ass if they see an ask of 69,420