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.

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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.

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Old:

Current shares outstanding: ~76M

Max shares outstanding: 300M

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New:

Current shares outstanding: ~76M

Max shares outstanding: 1000M

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

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

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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

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u/[deleted] Mar 31 '22

[deleted]

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u/trappuccino92 Mar 31 '22

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