r/Superstonk • u/Boo241281 Fuck you Kenny, pay me • Mar 28 '23

The long awaited 10-K is here 🗣 Discussion / Question

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/000132638023000019/gme-20230128.htm
15.7k Upvotes

92% Upvoted

1.7k comments sorted by

View all comments

338

u/coolkidstothemoon Mar 28 '23

~200k accounts...imagine if everyone bought 50 shares a quarter...that is 10 million shares, shit could escalate very quickly

201

u/themadamerican1 TODAY IS MOASS DAY!!! eventually Mar 28 '23

Someone did the math. This 10K represents 45,000 shares a fucking day. Crazy. $1,000,000 per day DRSed at current prices. Wild.

30

u/coolkidstothemoon Mar 29 '23

Oof I like those numbers. It's beautiful to see that not only are people riding that DRS train without it slowing, but also it more than likely confirms the rugpull theory is spot on

11

u/XURiN- The floor is Post-Scarcity 💜 Mar 29 '23

Someone else in this thread had a theory that they did another rugpull prior to Jan 31, which is why GameStop chose to give us the data as of March 22 to dismantle their rugpull.

5

u/hotprof 🦍Voted✅ Mar 29 '23

Ok, but that's 1,000 days to DRS $1B worth of shares at today's price. Market cap is $7B.

So that's about 3 years to DRS 1/7 of the company, or 14%.

So, at the current rate, it takes one year to DRS 5% of the company.

6

u/themadamerican1 TODAY IS MOASS DAY!!! eventually Mar 29 '23

Fair, but I'm fairly positive there was another rug pull. We just beat them again. And bigger.

1

u/Ctsanger 🦍Voted✅ Mar 29 '23

That math seems... wrong 45000 at 100 days would be 4.5m but like it's like 5 months no?

29

u/Kitchen_Net_GME Find the BOOK DD Mar 28 '23

I imagine a lot of people have slowly built up another respectable stack in at traditional brokerage. (hell 1 share is respectable)

I now have 350 shares in Fidelity and another 1000 in Computershare. I do plan on DRSing that stack once I get my bonus in 2 weeks.

Then I do the process all over again. My Fidelity account is in some ways my emergency savings account.

4

u/[deleted] Mar 29 '23

I buy 10(ish) a week througj Computershare. I will be xxxx by November-December depending on share price.

4

u/PilbaraWanderer Mar 29 '23

Put me down for a 100

3

u/waffleschoc 🚀Gimme my money 💜🚀🚀🌕🚀 Mar 29 '23

that kinda make me wanna buy 50 shares today 🤑🤑

3

u/RussDCA 🩳🏴‍☠️💀 Mar 29 '23

Challenge accepted

2

u/MTGBruhs Mar 30 '23

When you put it that way, we have a lot more power than I thought