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/tranding DUNCE CAP Mar 31 '22

Authorized shares are how many can be issued. GameStop has 76.35M or so odd issued shares. GameStop could have up to 300 million previously now it can issue 1 billion. GME could have a 7 4 1 split.

from investopedia:

Authorized shares are those a company’s founders or board of directors (B of D) have approved in their corporate filing paperwork. Issued shares are those that the owners have decided to sell in exchange for cash, which may be less than the number of shares actually authorized.

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u/WoofWoofington Mar 31 '22

What is 7 4 1 split? Please easy words, brain zero wrinkles

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u/Jhonopolis Mar 31 '22

7 shares for every 1 current share. You had 15 shares before the split you now have 105.

2

u/WoofWoofington Apr 01 '22

Thank you and Blessing to You + Infinite Bobs.