GreedyJester

I kinda like it better than Gravy Boat

I was trying to figure out a connection between SHFs and the c0in dump this morning. I was wondering why they would need to cash out? What do they need to pay for? Then I realized that the swaps are due!

Everything here is assuming that the total return swaps have 90-day payment schedules.

I think the SHFs cashed out of c0in to pay the total return on the 90-day swap contracts. For shorts with share price going up in value, the SHFs would owe the broker.

If the amount they cashed out to pay up doesn't cover the balance due on the swap, then their broker can start liquidating the position to cover the difference. In the case of shorts they're the buy-ins that cause the price to run-up.

The paragraph in question was included the Gamestop's 424B5 Prospectus and has garnered a lot of attention lately, it can be found at the top of page 16 of their 424B5 prospectus filed on June 9, 2021. It reads:

GameStop's 424B5 filing June 9, 2021

When I copy and paste this paragraph into EDGAR's full text search at https://www.sec.gov/edgar/search/, I get the following results from the last 5 years of filings:

​

[5-Year Sea

I've seen a lot comments from Apes hoping to see the company announce the end of their 5M ATM share offering any day now, so I decided to look into the previous offering for anything that would give me a clue into when the offering might end. I'm a pretty smooth brained ape but I believe I have a possible date for you.

I took a look at both 424B5 filings the company has made this year to see how the 2 offerings were sold, to do this I took the 424B5 filed in April and the 424B5 filed in June and checked the section "P

I'm pretty smooth-brained when it comes to finance and trading, got into GME in January after the sneeze and since then I have been so immersed that I've completely forgotten that there are other subs on Reddit that don't talk about GME.

In that time I have been doing a lot of reading and learning but every once in a while I have a smooth brained thought or question that I'm reluctant to ask because they seemed silly, non-important, or I missed a detail. So to buck that trend, here are my thoughts from my smooth-brained perspective.

I could be wrong on some of these and would appreciate clarification where needed.

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GameStop's At-the-market offering in April [sta

Hello Apes, I feel the need to post some of my thoughts:

1. I'm watching the downward prices this morning and I have to think at this point that the at-the-market share sale is still ongoing, 5 million shares is a lot of shares and I have the feeling this will happen for the rest of the week. Unfortunately it seems that it would allow the SHF's to cover some of their FTD's. Doesn't matter, I haven't been worried since "oops, MOASS, my bad" tweet.
2. Every time I see SHF, I think of "Shitty Hedge Funds". I'm tired of self-correcting so I'm keeping it that way.
3. I feel that many of us apes are not respecting the diversity in this group, while I think the majority of this sub has a hard-on f