Remember how they turned the split as a dividend into a normal split? They can’t F around with a cash dividend like that. Sure they can substitute fake shares in place of real shares, but they can’t do that with cold hard cash.
It doesn’t make sense right now because Gamestop is focused on becoming profitable and generating a more sustainable business. However once they become profitable, the situation changes. They would have the freedom to reward and delight thier investors with a dividend and know that they aren’t squandering the last of their wealth doing so. They will know they will have more cash coming in because they are now profitable.
Once Gamestop is profitable a cash dividend does make sense! They have over 1.3 billion dollars on hand, and could reward their investors with a substantial dividend. If they issues a dividend of 50 cents per share that means anyone holding 100 shares gets 50 dollars - that’s enough to buy two more shares at the current price! What’s more that dividend would cost about 130 million dollars to issue for the entire float, which is about 10% of the cash they have available.
That’s a terrific reward for holding through 2, soon to be 3 years of net losses each quarter during the company’s hard times. We put our money where our mouth is. Will Gamestop corporate recognize that and reward their die-hard investors once they become profitable again?
I already had a thread about this removed from r/GME once already. It doesn’t make sense to me because an investor campaigning for a dividend (which is just ROI) isn’t something that should be derided or villified. It’s a healthy thing to do, and anyone who expects ROI should also campaign for this.
Besides just being a healthy thing for an investor to want, it could also be a trigger for the MOASS. Stop and consider how shorted GME is today. Only the DTCC knows exactly how bad it is. It could be 2x, 3x, 10x, 50x the float! Is it worse than we could possible imagine? Look at the shenanigans they are doing with swaps and the puts in Brazil. They’re trying to hide their short positions anywhere they possibly can.
If Gamestop issues a cash dividend they pay the DTCC exactly the amount for the shares they have issued to the public. That’s 265 million shares. Now if more shares than that are being held due to short selling, the short sellers have to pay the difference. In the event that the float has been short sold more than 2x over, the short sellers end up paying more money than Gamestop does to the DTCC! - and they can’t weasel out of it using fakes like they did with the splividend. Each GME holder would be due cash.
However we shouldn’t request a cash dividend for that alone. We should be requesting a cash dividend because we carried this company through its hard times and kept investing in it because we knew it would be profitable again in the future. We simply want return on our investment. That is all.
When we see net profit on Gamestop’s earning reports, please contact Investor Relations and let them know you are a stockholder who has been investing in the company for years and would like a cash dividend now that the company is profitable again.
(817) 424-2001
As a shareholder you deserve to have your voice heard!
It wouldn’t really do a lot of damage. If they had enough of a treasure chest to do damage by cash dividend, they could do better by just buying their own shares on the market and DRSing them. Normally share buybacks work worse, but with the DRS level this high, it wouldn’t take too many buys to push it over 100%.
Nope. Things have been dragging on too long we know that the stock is naked shorted and we know that Citadel Securities has over 65 billion in “stock sold, not yet purchased” and we know that their revenue slid 35% in June this year. They have to be in margin call territory but I don’t expect them to get margin called, or ever fail one. Cronyism is at work and all the regulatory agencies are going to look the other way.
However they cannot weasel their way out of a cash dividend. This is the silver bullet. They can’t substitute fake cash like they substituted fake shares during the splividend. If Gamestop issues a cash dividend, the short sellers have to pay up.
That is why every time I explain this, I get shills trying to silence me. The short sellers absolutely DO NOT WANT this to happen! They are going to scour the internet and shill every thread about it. Just like right now.
You may be onto something.