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A place for theoretical discussions about business and stocks - specifically GameStop Stock ($GME). Opinions and memes welcome. None of this is...

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The original was posted on /r/Superstonk by /u/IM_FAUX_REAL_BRO on 2025-06-23 21:39:47+00:00.

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The original was posted on /r/Superstonk by /u/MetalAttempter on 2025-06-23 20:59:36+00:00.

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The original was posted on /r/Superstonk by /u/LeftHandedWave on 2025-06-23 17:18:20+00:00.

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The original was posted on /r/Superstonk by /u/zafferous on 2025-06-23 17:14:28+00:00.


On the last 3 major dips, I've just bought shares through Fidelity since I can buy instantly with cash from my bank account, versus ComputerShare taking several days. The first and second time I called Fidelity, they were quick and understanding in getting my shares processed over to ComputerShare.

Bought another 225 shares during this most recent offering, and boy are they "struggling" to get my shares transferred 😂 also, it's so funny, every time I call and tell the voice prompt "Direct Register", it goes "Setting up a new account? Here's how I can help!"

Like... no lol, that's not what I'm trying to do.

Been on hold for 45minutes now and counting...

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The original was posted on /r/Superstonk by /u/Ihopeiremeberthis on 2025-06-23 16:56:15+00:00.

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The original was posted on /r/Superstonk by /u/Commonsenseisgreat on 2025-06-23 15:06:52+00:00.

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The original was posted on /r/Superstonk by /u/IullotronBudC1_3 on 2025-06-23 14:39:37+00:00.

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The original was posted on /r/Superstonk by /u/TermoTerritorial999 on 2025-06-23 13:25:05+00:00.

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The original was posted on /r/Superstonk by /u/hackers_d0zen on 2025-06-23 13:21:32+00:00.


GameStop has 1 billion authorized shares, which we the shareholders agreed to, and we will have to agree again to raise the ceiling.

They’ve already issued ~447 million shares, BUT if you include convertible bonds, another ~128 million shares are potentially coming if/when they convert.

That leaves about 424 million shares left under the current authorization.

Now think about this:

What happens if the float is naked short over authorized AND GameStop fills up the rest of the authorized share limit with fresh capital from convertible bonds?

Here’s the pincer:

Arm 1: The Authorized Share Cap

• GameStop cannot issue more than 1 billion shares without shareholder approval.

• If they hit that cap with new bonds, no more shares can be issued, including to cover shorts.

• No ATM. No conversions. No locates. No escape.

Arm 2: The Bond Conversions

• They’ve already issued $3.75B in zero-coupon convertible bonds, representing ~128M shares at conversion.

• They can, at current average conversion rates, issue another $12.48B in convertibles before hitting the 1B share cap.

• That’s $12.5B in balance sheet firepower while simultaneously sealing the door shut on any further share issuance.

• Shorts are screwed on both ends: liquidity dries up, and available supply goes to zero.

The Trap: Dilution-Free Squeeze

• Shorts assume dilution = price protection.

• Cohen fills the authorized share bucket using debt instead of issuing more equity.

• No more shares can be issued without a shareholder vote.

• Retail votes “no” (again).

• Shorts owe shares… but legally, GameStop can’t issue more.

• Margin calls + fails-to-deliver + forced buys = rip.

This is not hopium, this is mechanics. Cohen is:

• Stacking the treasury without selling a single share of equity.

• Preserving shareholder control by avoiding unnecessary dilution.

• Creating a technical scarcity event on the float that shorts depend on to settle.

You know what happens when demand (shorts trying to cover) meets absolute supply constraint?

You’re here in SuperStonk, so I assume you do.

——————

TL;DR: Ryan Cohen is using zero-dilution debt to max out GameStop’s authorized share limit while leaving shorts naked and no way to settle. He doesn’t need to squeeze them, he just has to wait for the clock to run out.

At the current rate, less than 6 quarters left.

EDIT: I will say, as someone who has lost more playing options that I care to admit, but who did call this last bond issuance correctly and made bank with puts, it all seems too obvious. See my last post. Buy puts the day after earnings expecting bond arbitrage shorting? Free money. No such thing as free money though.

Having said that, cannot think of another reason why Cohen would be doing this and why this last bond offering is oversubscribed, at zero interest and GameStop’s discretion for conversion / redemption.

Either he’s in on it to force a vote to raise the ceiling and issue more shares, or he’s trying to blow them up. There really is not a third option.

“But what if he’s trying to raise capital for an M&A?” Then time is money and doing bond raises every quarter leaves him wide open to having his target taken off the board before he can acquire it. There’s no mechanic that makes the current bond offering impossible a month ago, or better a month from now, given that he has found willing buyers at horrible terms.

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The original was posted on /r/Superstonk by /u/captainkrol on 2025-06-23 13:11:44+00:00.


Fellow shareholders,

No TADR in the articles no more, so I copied some parts as to make sort of a summary. More technical details and explanations of price movements in the full article, including insightful graphs. All credits to Michael P!

Shorted version of the article

Last week's OPEX represented possibly the largest total market options expiry in history. Understandably, volatility in the broader markets was extremely low and $GME was no exception. In broader market context, this looks to remain in play despite geopolitical uncertainties into June 30, much as was the case following March OPEX into the JPM Collar roll on 3/31.

Gamma Exposure:

As we head into this week's trading, we can see from our GEX across all expiries that $25 still provides decent upside resistance, though the exceedingly large $22P position saddled on 7/3, being Trader-Short, offers substantial downside support as we head into this week's trading.

Thus, early in the week we can anticipate trading within the $22-$25 bracket with the possibility of movement into the $25-$27 bracket should ETF reweighting/insider buying/possible settlement related to ETF charades from 4/30-5/1 provide enough of a buying catalyst to move us up and over the $25 Net Call GEX position.

○○○○○○○○○○○○○○○○○○○○

Link to today's article of Mojomaster5's: https://x.com/MichaelTLoPiano/status/1937112070912164282

Wrinkly Ape Mojomaster5 got suspended from reddit. He has been posting quality option chain analysis for months now. He's also active on YT.

All credits to the wrinkly Dr. Michael T Lo Piano! 🙏🏼

"Just Up" DFV.

The reckoning is coming

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The original was posted on /r/Superstonk by /u/ShortHedgeFundATM on 2025-06-23 13:07:32+00:00.


Running Q2 Earnings estimates for $GME ( estimated earnings date is sept 9th )

  • Hardware and accessories: ~$550m
  • Software: ~$215m
  • Collectibles: ~$220m

Total Revenue: ~$985m Gross Profit: ~$274m Net Profit: ~$56m

I will update these projections as new information continues to roll in throughout the quarter. But this is where they stand now. The numbers above are driven by a big boost from Switch 2, accessories and related software sales, and accounts for only a <5% increase in collectibles sales quarter over quarter.

Getting damn near Q4 holiday quarter revenue numbers, so I’m getting really excited! I’m likely being a bit conservative in my calculations. Will be another record quarter regardless I believe. Looking forward most to that Free Cash Flow number, oh and Donkey Kong 3D coming out next month, likely going to be the biggest game release of the year

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The original was posted on /r/Superstonk by /u/Jabarumba on 2025-06-23 13:06:09+00:00.


DTCC Twitter

Today I ask: .@The_DTCC The US has the ability to drop bombs on a country and say they're not starting a war. Is that the same logic how #DTCC can be Clearing Corporation and not actually clear all the trades? Is that how UBS can hold billions of swap liability in $GME and still not close?

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The original was posted on /r/Superstonk by /u/Pharago on 2025-06-23 12:59:15+00:00.

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The original was posted on /r/Superstonk by /u/OneTrip7662 on 2025-06-23 07:42:56+00:00.

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The original was posted on /r/Superstonk by /u/AutoModerator on 2025-06-23 07:01:46+00:00.


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The original was posted on /r/Superstonk by /u/B3NGi on 2025-06-23 06:40:39+00:00.


It was the shit a year ago. Have not heard anything since. I remember somebody at Gamestop say „there is much more to come“, but nothing has come so far.

Are there numbers on sales? Is Gamestop cross selling them to switch 2 customers?

What gives with the character minimum? It‘s a simple question. Why do I have to write an essay on this?!

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The original was posted on /r/Superstonk by /u/Parsnip on 2025-06-23 05:55:04+00:00.


Guten Morgen to this global band of Apes! 👋🦍

This has certainly been an eventful weekend, and I have no idea how that might affect the markets. There is a lot of excitement surrounding GME and GameStop these days, with increasing FUD and apparent attempts to cash in on the hype. Is this a sign that we are about to enter a new cycle of volatility? I'm eager to see how the week begins and look for any clues!

Today is Monday, June 23rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!

🚀 Buckle Up! 🚀


  • 🟩 60 minutes in: $23.13 / 20,09 € (volume: 18055)
  • 🟩 55 minutes in: $23.13 / 20,09 € (volume: 17849)
  • 🟩 50 minutes in: $23.13 / 20,08 € (volume: 17795)
  • 🟩 45 minutes in: $23.12 / 20,08 € (volume: 17534)
  • 🟩 40 minutes in: $23.12 / 20,08 € (volume: 17458)
  • 🟥 35 minutes in: $23.10 / 20,06 € (volume: 16399)
  • 🟩 30 minutes in: $23.10 / 20,06 € (volume: 15887)
  • 🟥 25 minutes in: $23.10 / 20,06 € (volume: 15377)
  • 🟥 20 minutes in: $23.10 / 20,06 € (volume: 15317)
  • 🟥 15 minutes in: $23.12 / 20,07 € (volume: 14941)
  • ⬜ 10 minutes in: $23.14 / 20,10 € (volume: 13996)
  • 🟩 5 minutes in: $23.14 / 20,10 € (volume: 12809)
  • 🟩 0 minutes in: $23.08 / 20,04 € (volume: 12035)

Link to previous Diamantenhände post

FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1515. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check Lang & Schwarz or TradeGate

Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!

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The original was posted on /r/Superstonk by /u/Fine-Hat-4573 on 2025-06-23 01:58:11+00:00.


Mav is usually an outdoor fishing and camping YouTube channel, but this was a nice surprise to see. Just goes to show the power of trading cards and collectables. I like how he went in before hand to see if GameStop had anything else to buy. He talks about the good days of waiting in line for Halo and midnight releases.

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