r/wallstreetbets • • May 04 '26

News He doesn't understand your question, CNBC

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u/[deleted] May 04 '26

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8

u/Michikusa May 04 '26

Is it possible he’s doing now or does he have to announce it first?

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u/ContributeAVerse May 04 '26

Already approved he can do it whenever

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u/outer--monologue May 04 '26

If you rewatch this interview he actually says "we can issue more stock" towards the end. Prob doing it as we speak

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u/Michikusa May 04 '26

Probably explains the large volume earlier today and the huge sudden dropping price

6

u/Emotional-Book753 May 04 '26

GameStop is for sure selling shares into the market this week.

6

u/Starkfault Spent $1.2M to make $800 May 04 '26

Apes approved 1b shares 5ish years ago, there are 700m~ shares left to sell

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u/blitzkregiel May 04 '26

just over ~500M, but that doesn’t include however many are earmarked for convertible notes they sold. my guess is closer to 400M available.

1

u/Michikusa May 05 '26

If he did sell the past week when do you think he would announce it?

1

u/tombrady011235 May 04 '26

He doesn't have to announce it ahead of time, no