$GameStop(GME)$ Just noticed something interesting in Yahoo’s GME stats. They now state 484M “implied” shares outstanding. That’s 58M more than real outstanding shares. That was never the case before. Implied shares outstanding is used to calculate the market cap stated on this site, so it’s an important issue.
Generally this discrepancy is attributed to having 2 classes of stock, A & B, with only A shares trade-able and B shares not trade-able until converted to A shares first. Insider shares, on the other hand, are already included in the real outstanding share count, although they’re restricted and why they’re not included in the float.
So what’s going on? Must be another Yahoo inexplicable mistake again. At least “apes” better hope it is.
Maybe this same issue has something to do with why some brokers are now classifying GME shares as “new” class A, something the Reddit’s are speculating about now.
PS: The new 20M dilution shouldn’t be reflected as part of outstanding shares, implied or not, until GME announces the offering is completed. Regardless, even if it is, what’s up with the other 38M shares, another upcoming dilution? Can’t be unless announced first.
Now spin this into whatever pumper conspiracy theory you want, even though better for bashers. You need a new one anyway. Have at it
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