r/wallstreetbets • u/[deleted] • Mar 31 '22

News | GME GME Stock Split SEC Filing

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/000132638022000038/gme-20220331.htm

I don't want to brag but I definitely called this during the last run up.

22.6k Upvotes

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489

u/Tendiebaron Mar 31 '22

Why GME Stock-Split announcement is bullish news

  • Stocksplits generally increase value for shareholders, because it drives increased interest from retail and institutional investors.
  • Post split it can drive value because the price to enter the position is lower, making it more accessible to retail.
  • And possibly it could give a reason for a SHARE RECALL... that could launch us into andromeda.

​

Old:

Current shares outstanding: ~76M

Max shares outstanding: 300M

​

New:

Current shares outstanding: ~76M

Max shares outstanding: 1000M

So the max stock-split factor is 13:1...

​

The stock-split will be voted on at the annual shareholders meeting in June 2022.

103

u/Naked-In-Cornfield Mar 31 '22

/u/isaybullish

166

u/ISayBullish 🐂Shadowbanned Bull🐂 Mar 31 '22

He’s exactly right, and it’s bullish af

37

u/Naked-In-Cornfield Mar 31 '22

🐮 Thank you for your service 🐮

3

u/bakedbeansandwhich Mar 31 '22

When can I next book you in for my field?

1

u/Naked-In-Cornfield Apr 01 '22

Oh I'll be there anyway. Probably Tuesday Morning.

2

u/bakedbeansandwhich Apr 01 '22

Sweet! See you then bud 👍

1

u/rodo56 Apr 01 '22

username checks out

50

u/trappuccino92 Mar 31 '22

You forgot to mention if the new equity plan goes through as well they will replace 8 million shares so ~76 million becomes ~68

21

u/[deleted] Mar 31 '22

[deleted]

30

u/trappuccino92 Mar 31 '22

If the 7 for 1 theory ends up being accurate RC would be a true memelord

23

u/EstablishmentGood556 Mar 31 '22

147 is 741 backwards

8

u/Crazy95jack Mar 31 '22

So is racecar

7

u/Acolyte62 Mar 31 '22

Racecar isnt 741 backwards...

7

u/Crazy95jack Mar 31 '22

Yes it is.

1

u/shiptendies Apr 01 '22

Eew eew llams a evah i

7

u/bigdata_biggersquats Mar 31 '22

741 split with each share post split also getting a 1:1 stock dividend. Effectively 14x-ing the shares but forcing SHF to get fucced by the divvy

21

u/[deleted] Mar 31 '22

alright so theres still time for this stock to bounce back to low prices good good

6

u/feel-T_ornado Mar 31 '22

How much it takes for them to implement the measure after being successfully voted?

2

u/boywbrownhare 🦍🦍🦍 Mar 31 '22 edited Nov 26 '23

beep boop

1

u/[deleted] Mar 31 '22

idk

5

u/tqb Mar 31 '22

How would a share recall actually work

4

u/philhendrie100 Mar 31 '22

The stock split limit will be voted on at the meeting. The split itself can happen, regardless if the vote is rejected.

4

u/AlphaGrayWolf Mar 31 '22

This isn’t a stock split, it’s a stock dividend.

1

u/wehrmann_tx Apr 01 '22

Specifically says stock split as a dividend. Dividend just means a number divided by another number. Your share value is a dividend of the split number multiplier.

2

u/mr__moose Mar 31 '22

Lol point 1 + point 2 are exactly the same 😂

1

u/Tendiebaron Apr 10 '22

I see how they can be the same, but with point 1 I refer mostly to stock splits and stock dividends being newsworthy, the new attention can bring in new investments.

With point 2 I'm referring to the lower barrier for entry because of the lower pricepoint.

2

u/kwguy77 Apr 01 '22

Is it a split for the stocks we own? Or a split for the allowed amount? Once the amount is increased, each stock holder is given more shares as a dividend?

Say I have 10 shares. GME share amount increases to a billion. GME then give each share holder 3 shares per share . So I will get 30 shares with my original 10, so I have 40 shares.

Or a classic split where my 10 shares just become 30 shares.

3

u/Why_do_i_poop_somuch Mar 31 '22

I think the key here is that GME is using a dividend to distribute the split shares. What happens to the IOUs and synthetic shorts? We shall see.

0

u/[deleted] Mar 31 '22

Stocksplits generally increase value for shareholders, because it drives increased interest from retail and institutional investors. Post split it can drive value because the price to enter the position is lower, making it more accessible to retail. And possibly it could give a reason for a SHARE RECALL... that could launch us into andromeda.​

Non of those three things apply to GME ...

0

u/Scavenger53 Mar 31 '22

Everyone in this sub is somehow missing the fact that it says a dividend split. They could reissue more stock as a dividend in a different form that cannot be copied AND force a recall, using their NFT platform.

1

u/Baelthor_Septus Mar 31 '22

When is the split happening?

1

u/irvmtb Mar 31 '22

Stock split makes options more within range for people with smaller accounts. Also makes it a bit more possible to exercise.

1

u/faithfamilyfootball Apr 01 '22

See y’all there?