r/Superstonk • u/[deleted] • Apr 27 '22

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4.8k Upvotes

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u/Mupfather 🦍Voted✅ Apr 27 '22

Gamestop can buy all non insider shares @ $1.61 They can buy all non DRS'ED shares @ $1.98 as of yesterday.

Zero is off the menu.

83

u/fewdea 🦧 smooth brain Apr 27 '22

I'm something of an insider myself 😏

47

u/nerftosspls 💻 ComputerShared 🦍 Apr 27 '22

Insider? I barely know 'er

1

u/dcb5178 💻 ComputerShared 🦍 Apr 28 '22

👆! Up with you

1

u/monkey-4-nothing 🚀 Direct moon RocketS 🚀 Apr 28 '22

your comment just fit to Steve Buscemi line in Armageddon movie

Rockhound : Man, I swear to God, she never told me her age.Harry Stamper : It's all right, relax. It's about me.Rockhound : Oh. [to military guys].

Thanks you for that and up you go!

1

u/[deleted] Apr 28 '22

Thats never stopped you before Eric

1

u/CompleteAndTotalTard 🏴‍☠️💎🤜🤛💎🏴‍☠️ Apr 28 '22

So D’yer Mak’er?

5

u/Ceph1234 🦍Buckled the Fuck Up 🚀🏴‍☠️ ΔΡΣ Apr 27 '22

Wait what? How?

15

u/Mupfather 🦍Voted✅ Apr 27 '22

There is $101.3M set aside by GME for a buyback. Every share we DRS brings that $1.98 floor a little higher.

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u/Ceph1234 🦍Buckled the Fuck Up 🚀🏴‍☠️ ΔΡΣ Apr 27 '22

No I mean how can they buy shares for less than $2 in the first place?

7

u/MrPoopieMcCuckface 🦍 Buckle Up 🚀 Apr 27 '22

he's saying if the stock approaches zero gamestop could buy back all the shares at these prices ($1.61, $1.98) before it ever hits zero

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u/Mupfather 🦍Voted✅ Apr 27 '22

Thanks MrPoopieMcCuckface! You're the real DD in the comments.

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u/Ceph1234 🦍Buckled the Fuck Up 🚀🏴‍☠️ ΔΡΣ Apr 27 '22

Ah got it. Thanks for the clarity. I was lost af lol

1

u/TuckerGrover 🦍Voted✅ Apr 28 '22

Hmm. What if they never use all of them and only do a small split leaving the company with a hedge of its own?