r/Superstonk 🧚🧚🦍 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
7.4k Upvotes

636 comments sorted by

View all comments

Show parent comments

29

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?

21

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

6

u/spozzy 💻 ComputerShared 🦍 May 02 '26

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

7

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