We could own 209% of total outstanding shares and 554% of the float

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According to u/fates4productions , canadian apes have been sent 101 322 proxy vote forms. If we assume a conservative 10 shares/ape, we already have 1,013,220 shares.

If I remember bloomberg terminal data correctly, canadians were holding something like about 0,69% of the shares, nice.

Now if we assume that worldwide, everybody also holds an average of 10 shares.

We would have 146,843,478 shares.

Remember that Gamestop themselves told us that they had 70 770 000 shares outstanding.

And the float is estimated to be around 26 500 000 shares.

So correct me if I'm wrong but that would mean that we hold a whopping 209% of the TOTAL oustanding shares, and 554% of the float.

Are your tits jacked already? We don't even need the official count, the number of canadian proxy votes already tells us that the stock has been overshorted.

EDIT: I have been informed of a few mistakes, first of all the tradable float is closer to 30 million since gme sold 3.5M shares. That would also put the float at 74,277M. I have also been informed that the BB data is only based on the outstanding shares and not the float. Given these new informations, the % of shares oustanding that we own would be 197,70%, and the % of the float would be 489,49%. Still very high and it doesn't change the point of the post. Be free to correct me if I made other mistakes.

TLDR: Canadian data tells us we own a conservative 197% of total outstanding shares and 489% of the TRADABLE float, shorts must cover, see you on the moon.

Posted May 13, 2021, 12:25 AM UTC · edited

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