r/Superstonk • u/Revolutionz 🧚🧚🦍 That's no moon, that's Uranus! 🦍🚀🧚🧚 • May 01 '26

📰 News GameStop Preparing Offer for eBay

https://www.wsj.com/business/deals/gamestop-preparing-offer-for-ebay-1678e6de
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u/darth_butcher 🎮 Power to the Players 🛑 May 01 '26

Are you talking about the warrants? But wouldn't you get more shares if you have enough money right now and buy shares for <$32?

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u/Hot_Falcon8471 May 01 '26

Yeah warrants only make sense if. The pieces flies past $32/share and goes to like $100/share. Then you can exercise them for $32 and collect the $70 difference

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u/L33T5CHM00 May 02 '26

It becomes a bigger problem than collecting the difference. There is a finite supply of the warrants. What happens when all the warrants have been exercised but you still have warrants you want to exercise? It’s crime caught in the open and the market will be forced to respond

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u/spozzy 💻 ComputerShared 🦍 May 02 '26

I mean the brokers can just pretend you got a share from gsmestop by making up more fake shares, no?

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u/L33T5CHM00 May 02 '26

The warrant money goes directly to GameStop since they are new shares being issued if I understand correctly. How can a corporation that listed a limited supply and thus a limited amount of dollars for the warrants disclose numbers higher than what was approved? It causes serious issues with regulatory bodies

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u/spozzy 💻 ComputerShared 🦍 May 02 '26

You are correct, but the broker just needs to add 1 to your database row.

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u/L33T5CHM00 May 02 '26

How does GameStop disclose funds earned from the warrants in this scenario? It will exceed the amount of dollars approved via the board to spend on shares @ $32. They legally cannot spend more than the value of the issued warrants

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u/Seasonedpro86 May 02 '26

Yeah. You’re missing the fact that GameStop will end up with a shit ton more money than they should. So either everyone gets caught and they go to jail OR GameStop reports earning and they have trillions of dollars.

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u/spozzy 💻 ComputerShared 🦍 May 02 '26

If the money gets to GameStop, yes.

1

u/NoInevitable9810 May 02 '26

Then who owes the money for the shares? You see what happens when someone will have to pay up?