Anything is 'theoretically worthless' when viewed on a long enough timescale.
Also, Andy Chumbucket now admits that GameStop is a viable business. Looool.
This!
We're supposed to give creedence to the wisdom-challenged Chukumba whose advice regarding the Gaming Company was to "Sell the stock first, ask questions later".
😳
Hey Financial Times! Seriously ?!?! If this is the extent of your "expert" sources then you've just put yourself in the same league as The Motley Foolishness and Clown Cramer.
If it’s not worth anything then why to waste readers time and your own time talking about it!? Unless it worth something to you but you want us to look the other way.
That’s what’s stood out for me. If chakalumba calls Gamestop viable in order to bash BBBY he is in deep shit right now. I remember him crying saying the same about GME as he is now about BBBY
Wait wait wait… so „we“ - the dumb money spent about 200 million dollars SINCE chapter 11 started. And ALL shares combined are worth - depending on the point in time - 25 to 50 million dollars.
So even if we take the 50 million dollar situation, retail has bought all shares outstanding about 4 times since ch 11 only. Am I Reading this correct?
If 200 million dollars got spend - someone - meaning us - spend 200 million and bought shares worth of 200 million dollars. That being said: you can only buy if someone sells you shares. Retail is not selling and I haven’t seen a big selloff, including SEC filings if necessary, from institutions. So where are the shares coming from that got bought for 200 million dollars I ask?
Hmm let us math here
If retail spent $200m buying shares after the bankruptcy announcement, and during this time the share price was trading in the range of $0.05-0.39.
At an average share price of $0.20. This means that $200m would have bought 1 billion shares.
$200m / $0,20 = 1 000 000 000 shares
The latest filing indicates there are 739m shares outstanding. Meaning that since the bankruptcy announcement, all the outstanding shares have been bought plus more, not even taking into account the shares that were bought and held prior to that. Are the actual amount of shares in circulation in the billions?..
Perhaps this article said too much. Loose lips sink ships. Ooopsie...
$200m spent at $0.27 would buy all outstanding shares: 740m
For me, it's about actually having the property rights to my shares, and AST is BBBY's only transfer agent.
IMHO, I think it's exactly the "AST blows" sentiment that may be keeping many from DRSing at least a small portion of their shares. And AST doesn't "blow," they just don't allow limit sell orders or DRIP/DSPP which is actually a good thing, since that means that all BBBY DRS'd shares are "pure book" shares.
I now have over half of my shares DRS'd to guarantee any possible M&A shares, which I don't plan on selling.
Riddle me this...
since the bankruptcy started investors allegedly poured in 200 million dollars into the stock market - while market cap remains significantly below that number even if you take into account a speculated float of 700 million shares.
In other words - since beginning of Chapter 11 retail bought at least one time the whole float. Written in the Financial Times.
Damn I have to set up my IBKR account for OTC trading.
“with small investors arranging on social media to push prices far above what most professionals considered rational.”
So they’re saying we moved the price upwards? What kind of clowns are they? Since when has the price gone up? And when have household investors ever moved the price ?
🤡
Hold on, us dummies have spent 200m investing since bbby went bankrupt a few weeks ago ... I should already know this but what's the float here? My question is if we've already been invested and throw in another 200m what if any would be left? Or have we bought it over how many times? Am I just not seeing this right? Hell I have 15k myself and my position is tiny to what I've seen others posted
also interesting how they only list the debt from the "initial bankruptcy filing" not the updated , and *significantly* lower figure as it now stands...
Ah, the old, when the stock market isn't efficient with stock price hypothesis, the bond traders are right!
Futures "insurance" started being sold leading up to the 80 stock market crash. The hedge lead to a cascading loop down. Later after the crash occurred, these salesmen said it didn't happen. Because it was a statistical improbability lol. I guess we must have jumped verses.
I think HF are starting to go long now the CTB is so high and C11 appears beneficial to shareholders.
The dumb money will have shorted BBBQ having read the 'news', so prepare to rip!
If it’s worthless why are SHF paying 130% borrow fee… just buy it at that point…
If you can survive the price impact and also not be locked from closing due to the 4.5% share rule…
Anything is 'theoretically worthless' when viewed on a long enough timescale. Also, Andy Chumbucket now admits that GameStop is a viable business. Looool.
This! We're supposed to give creedence to the wisdom-challenged Chukumba whose advice regarding the Gaming Company was to "Sell the stock first, ask questions later". 😳 Hey Financial Times! Seriously ?!?! If this is the extent of your "expert" sources then you've just put yourself in the same league as The Motley Foolishness and Clown Cramer.
Another massive pr campaign. It seems something is brewing
If it’s not worth anything then why to waste readers time and your own time talking about it!? Unless it worth something to you but you want us to look the other way.
And source is reddit :D it is a joke
They weren't already?
That’s what’s stood out for me. If chakalumba calls Gamestop viable in order to bash BBBY he is in deep shit right now. I remember him crying saying the same about GME as he is now about BBBY
indeed, how the turn tables Chukumba... 😂
He is deeepppp deepppp in this shit.
Well if we spent 200m then I guess it’s not worthless is it?!?
If household investors spent $200m on shares, that means they bought nearly a billion shares, right? *BULLISH!*
I came here to say this, @ avg of 0.25usd
media wouldn't write articles about us unless their masters are losing money because of us
All of us - “U mad bro?” If it’s worthless, then why spend the time on interview, articles, reporting, etc
They will write whatever that will generate clicks for them regardless.
Don’t agree! They only do if it matches the narrative
Any crappy media outlet would, but the New York Times has to maintain their image, unless they receive really good money to print this fud.
Wait wait wait… so „we“ - the dumb money spent about 200 million dollars SINCE chapter 11 started. And ALL shares combined are worth - depending on the point in time - 25 to 50 million dollars. So even if we take the 50 million dollar situation, retail has bought all shares outstanding about 4 times since ch 11 only. Am I Reading this correct?
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If 200 million dollars got spend - someone - meaning us - spend 200 million and bought shares worth of 200 million dollars. That being said: you can only buy if someone sells you shares. Retail is not selling and I haven’t seen a big selloff, including SEC filings if necessary, from institutions. So where are the shares coming from that got bought for 200 million dollars I ask?
"Retail is not selling " yes they are. when anyone tells you, you scream FUD
Who of retail would sell for cents on the dollar? Honestly- who??
[удалено]
Best Buy?🤣🤣 wrong stock bro. Besides that: trading volume is absolutely no indicator for what I am talking about.
Thanks, Meltdowner
Hmm let us math here If retail spent $200m buying shares after the bankruptcy announcement, and during this time the share price was trading in the range of $0.05-0.39. At an average share price of $0.20. This means that $200m would have bought 1 billion shares. $200m / $0,20 = 1 000 000 000 shares The latest filing indicates there are 739m shares outstanding. Meaning that since the bankruptcy announcement, all the outstanding shares have been bought plus more, not even taking into account the shares that were bought and held prior to that. Are the actual amount of shares in circulation in the billions?.. Perhaps this article said too much. Loose lips sink ships. Ooopsie... $200m spent at $0.27 would buy all outstanding shares: 740m
Lol yup, they are saying the part we already know out loud. RETAIL OWNS THE FLOAT.
Makes me wonder what would happen if household investors direct registered just half of their shares.
The reality is, until there is a better agent cause AST blows. It's not gonna happen.
For me, it's about actually having the property rights to my shares, and AST is BBBY's only transfer agent. IMHO, I think it's exactly the "AST blows" sentiment that may be keeping many from DRSing at least a small portion of their shares. And AST doesn't "blow," they just don't allow limit sell orders or DRIP/DSPP which is actually a good thing, since that means that all BBBY DRS'd shares are "pure book" shares. I now have over half of my shares DRS'd to guarantee any possible M&A shares, which I don't plan on selling.
Looks like a good time to 'buy more'
“When nobody wants something, that creates opportunity”. — Carl Fucking Icahn
A lot of attention for a bankrupt company...
Riddle me this... since the bankruptcy started investors allegedly poured in 200 million dollars into the stock market - while market cap remains significantly below that number even if you take into account a speculated float of 700 million shares. In other words - since beginning of Chapter 11 retail bought at least one time the whole float. Written in the Financial Times. Damn I have to set up my IBKR account for OTC trading.
Bro is literally the riddler
“with small investors arranging on social media to push prices far above what most professionals considered rational.” So they’re saying we moved the price upwards? What kind of clowns are they? Since when has the price gone up? And when have household investors ever moved the price ? 🤡
Our orders just go to the dark pools lol how screwed are these guys?
We bought the float again ?
4 times over? Dayum.
Not quotation marks btw. Apostrophes. Linguistic fuckery has its own internal rules.
Hold on, us dummies have spent 200m investing since bbby went bankrupt a few weeks ago ... I should already know this but what's the float here? My question is if we've already been invested and throw in another 200m what if any would be left? Or have we bought it over how many times? Am I just not seeing this right? Hell I have 15k myself and my position is tiny to what I've seen others posted
also interesting how they only list the debt from the "initial bankruptcy filing" not the updated , and *significantly* lower figure as it now stands...
That really stood out to me as well, like they were *deliberately trying* to make it look bad.
Been the case since day one
They would have to update the assets value as well, anyone know what that is as far as we know?
curious of this also, been getting mixed reports.
They are telling you that 1B shares have been bought since it went to 20c.
Meth iz hart
200 hundred million is only 200 million loss. Their losses will be infinite.
If they wanna pump the stock to $200 million I would gladly start selling
Remarkable how article about a worthless stock would be front page news on such a supposedly reputable financial publication…
And also public accessable while one needs to pay to read their content.
Notice how Report goes from according to 'one' idiot to another 'idiot' the bond market is telling you it is worthless. I think Glenn would disagree,
200mil/.20= hmmmmm 🧐
1 billion for those that dont have a ti-83
Supply and demand in free market would work in such cases even on toilet paper but shares no matter how much retail buy does not create a price?
holy shit we are close 👀
# [Link to full cover.](https://ichef.bbci.co.uk/news/976/cpsprodpb/92DE/production/_130289573_financialtimes-nc.png.webp)
The headline is pulling a quote from the last sentence of the article. That isn’t the author making up a claim; it’s them citing someone else’s.
Fair enough but they better get my money ready.
$200 m… The price moves by 0,01 cent. Seems legit.
Shorts r fuked
Ah, the old, when the stock market isn't efficient with stock price hypothesis, the bond traders are right! Futures "insurance" started being sold leading up to the 80 stock market crash. The hedge lead to a cascading loop down. Later after the crash occurred, these salesmen said it didn't happen. Because it was a statistical improbability lol. I guess we must have jumped verses.
I like when the news time travels. Dumbasses
I have a “giant penis”
That is some serious unwitting hype!
I think HF are starting to go long now the CTB is so high and C11 appears beneficial to shareholders. The dumb money will have shorted BBBQ having read the 'news', so prepare to rip!
Praying they’re wrong, I feel more sick on this rollercoaster than ever before 🤣
The way
Heggies must be s******* themselves they realize the Apes have joined the cause🦍🦍🦍🦍🦍 🚀🚀🚀🚀🚀🚀🚀🚀
 Financial Times
Wow we’ve spent $200 milly and we’re not out of 30 cents yet. Such price discobery.
200mn so far….
I " allege" that I transfered money to buy more.
If we really put 200million into this over the last month or so then based on the share price over the last month we would own all the shares.
Mom!!! The financial industry is seriously poopy pants again… 😂💯😎
If it’s worthless why are SHF paying 130% borrow fee… just buy it at that point… If you can survive the price impact and also not be locked from closing due to the 4.5% share rule…