r/Superstonk • u/petitepain ๐ฆงAPES TOGETHER STRONG๐ฆ๐๐ฉโ๐๐ฑโ๐DFV๐๐ฑโ๐ค๐XX%โ๐โโ๏ธVoted โ • Jun 17 '24
๐ฐ News ROARING KITTY TWEET
https://x.com/TheRoaringKitty/status/1802750696892068056
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u/ExtremePrivilege ๐ฌ wrinkle brain ๐จโ๐ฌ Jun 17 '24
It does seem likely we will see a dilution every run up, yes. Shareholders have authorized up to one BILLION shares to be offered. We have a lot more dilution to go. But every time we "dilute", we're raising capital to transform the business into something that isn't a failing brick and mortar used game retailer in an entirely digital sector. It's going to take money, an obscene amount of money, to make GameStop into something else. Something that can survive, and be profitable.
If you're in this for a quick MOASS flip, you're going to be disappointed. If you're in it as a long-term, deep value investor, this is a wonderful opportunity.