So everyone was wondering where he made the 150M since the last cycle where he was at 50M? If he sold the Friday covered atm call ($2.50) he would bank about 22.5M in 3 days. 22.5M/3*20=150M in a month.
What if GameStop sold covered calls against all the companies (149M) shares? If they sold 1.49M 125 strike call contracts for .04 they would profit 5.9M in premium every week...they could distribute this among the shareholders like those covered call ETFS. I think that would be about .07 cents per share per month. If they get called away they make atleast 14.9B...that's almost twice the current market cap....then it could be run by the shareholders
gee, wha a marvelous idea? oh wait, where are the shares? that’s right, shareholders have them already. the company doesn’t have nothing but a book.
Outstanding shares are 466M and the float is 277M roughly...so who owns the 149M leftover? I mean when they buy back shares those shares just get deducted from the float, so they can't turn around and sell calls against them? Funds short shares that don't exist all the time.
That shareholders meeting was so downbeat like they couldn't wait to get it over with. They should have thrown a Vegas party with the 4 Billion they were gifted from the Meme movement. I'm assuming after that rug pull that RK had to exercise his options to avoid realizing a loss. Question now is at what price does he dump? I think his diamond hands were shattered after that share offering.
They sold right before the massive rally What's the GME lockout period? The total number of days between Sunday, April 25th, 2021 and Monday, June 7th, 2021 is 43 days. 2024-04-25 Moore Daniel William (PFO and PAO) sold 7,779 shares of 'Class A Common Stock' (GME) for $79,363 $10.20 -36.38% 2024-04-24 Robinson Mark Haymond (General Counsel and Secretary) sold 13,471 shares of 'Class A Common Stock' (GME) for $136,799 $10.15 -20.95% 2024-04-03 Robinson Mark Haymond (General Counsel and Secretary) sold 4,379 shares of 'Class A Common Stock' (GME) for $50,835 $11.61 -6.38% Except for Cheng. Do insiders have to file the form 4 beforehand or can they buy/sell online and report after the fact? 2024-04-09 Cheng Lawrence (director) purchased 10,000 shares of 'Class A Common Stock' (GME) for $112,238 $11.21 18.15%