GameStop insiders cannot exercise their warrants during the current earnings blackout period, unless the warrants are extended.
$GME
domoshi retweeted
negative thinking destroys your brain
being a silly goose and delusionally optimistic is the ultimate longevity hack
domoshi retweeted
Funny you should say that, as it's not the first time The Man In The Arena has played a role in an $EBAY activist story - though hopefully this time it will have a better ending.
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If GameStop warrants DON'T expire worthless this week, short sellers paying the recent high cost-to-borrow rates will be forced to buy back warrants to close their positions.
If GameStop warrants DO expire worthless this week, the borrowed securities become worthless, allowing shorts to profit and close their positions without buying back any warrants.
We'll see what happens.
$GME
Some quick highlights for GameStop warrants as we head into a potentially volatile week:
-warrants were given to shareholders for free
-GameStop can amend terms up until expiration
-GameStop receives $32 for each warrant exercised
-if M&A occurs before expiration, warrants will be adjusted accordingly
-only 59 million warrants exist
-warrants are scheduled to expire this Friday
-warrants can expire worthless
We find out what happens soon. 💥
$GME












