$GameStop(GME)$ Wed earnings r-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$GameStop(GME)$

Wed earnings report

👉 Net sales up 8

👉 Cash on hand $1B, no debt

👉 Hardware sales down, software and merchandise sales up

👉 Inventory $917.6M, up from $570.9M in Q1' 21. Similar to Q4' 21 -> $915M

👉 12.7M DRS shares

Thurs shareholders meeting

✅ All votes passed, all board directors approved

✅ Maximum authorized shares increased to 1B

✅ Board has not made a decision on share split yet

For the whole week, we also saw many major brokerages increasing cost to borrow rates!

And this morning (SG time), Ryan Cohen tweeted "Power to the Players" where at around the same timing GameStop filed their form 8K under:

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On June 2, 2022, the Company’s stockholders approved an amendment (the “Charter Amendment”) to the Company’s Third Amended and Restated Certificate of Incorporation to increase the number of authorized shares of the Company’s Class A Common Stock (the “Common Stock”) to 1,000,000,000. The Charter Amendment became effective upon its filing with the Secretary of State of the State of Delaware on June 3, 2022.

#MOASS is coming. #BuckleUp

https://gamestop.gcs-web.com/node/19786/html

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Remotecam
2022-06-04
Remotecam
Happy to see positive feedback from $GameStop(GME )$ . Hope more big money getting squeezed now. Thanks for sharing.
DonnaMay
2022-06-06
DonnaMay
Your post upended my impression of GME.
Maria_yy
2022-06-06
Maria_yy
It seems to have plenty of cash in reserve.
MortimerDodd
2022-06-06
MortimerDodd
Thank you for sharing this information.
NewbieLeo
2022-06-04
NewbieLeo
but still a meme stock!
Sorrie2u
2022-06-04
Sorrie2u
alrighty

Leave a comment

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Similar to Q4'&nbsp;21 -&gt; $915M</p><p>👉 12.7M DRS shares</p><p>Thurs shareholders meeting</p><p>✅ All votes passed, all board directors approved</p><p>✅ Maximum authorized shares increased to 1B</p><p>✅ Board has not made a decision on share split yet</p><p>For the whole week, we also saw many major brokerages increasing cost to borrow rates!</p><p>And this morning (SG time), Ryan Cohen tweeted \"Power to the Players\" where at around the same timing GameStop filed their form 8K under:</p><p>Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.</p><p>On June 2, 2022, the Company’s stockholders approved an amendment (the “Charter Amendment”) to the Company’s Third Amended and Restated Certificate of Incorporation to increase the number of authorized shares of the Company’s Class A Common Stock (the “Common Stock”) to 1,000,000,000. The Charter Amendment became effective upon its filing with the Secretary of State of the State of Delaware on June 3, 2022.</p><p>#MOASS is coming. #BuckleUp</p><p>https://gamestop.gcs-web.com/node/19786/html</p><p><img src=\"https://community-static.tradeup.com/news/f285c98ec8e9afcba9c8566e359070b6\" tg-width=\"1080\" tg-height=\"3489\"></p></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a></p><p>Wed earnings report</p><p>👉 Net sales up 8</p><p>👉 Cash on hand $1B, no debt</p><p>👉 Hardware sales down, software and merchandise sales up</p><p>👉 Inventory $917.6M, up from $570.9M in Q1'&nbsp;21. 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And this morning (SG time), Ryan Cohen tweeted \"Power to the Players\" where at around the same timing GameStop filed their form 8K under: Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On June 2, 2022, the Company’s stockholders approved an amendment (the “Charter Amendment”) to the Company’s Third Amended and Restated Certificate of Incorporation to increase the number of authorized shares of the Company’s Class A Common Stock (the “Common Stock”) to 1,000,000,000. 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