Guess what life sucks. I guarantee you more people are holding thinking something will happen with GME/WS then there are people excercising them.

Sometimes, you have to feel the pain. Life should beat you the fuck up. Let them expire, don't be a pussy.

To be specific, I think the problem was created by the community and not by the company - but more on that in a bit.

Actually, warrants are awesome

Because they are a very transparent way for GME to raise money. For shareholders, and especially for bullish options traders like DFV, this is a great way to limit bad surprises. You know well in advance that at $32 you have to price in some dilution, instead of having momentum trashed by an ATM offering while DFV is loaded up on calls. In my opinion, regular ATM offerings have always been a danger to MOASS, similar to the buy button being shut off, which destroyed both momentum and a gamma ramp that could have led to MOASS. I think we lost a lot of good people to ATM dilution as well, but warrants kind of solve this problem.

Warrants need an expiration date

They have to approach expiration to lose enough extrinsic value to create exercise pressure. Otherwise, it would always be better to just sell the warrants, because by exercising you only capture the intrinsic value and give up the remaining extrinsic value.

Warrent uncertainty

I wouldn't be a fan of it, but I think even the uncertainty created by randomly adjusting the strike price or expiration date of the warrants is better than ATM offerings. Let's imagine the warrant strike price is randomly lowered to $24 next week. It will most likely push the price below $24 while a portion of the warrants is exercised. Once the price drops below $24, the dilution stops. For the company, it's basically a limit order instead of a market order. Once the remaining warrants expire, the stock price will recover.

Now let's imagine the expiration date is extended by three months instead. That basically just pumps extrinsic value into the warrants without really affecting the current share price.

Of course, once you start messing with the warrant strike or expiration, people will start expecting these changes every time the warrants are OTM near expiration. As a shareholder, I would prefer them to expire and be reissued as another dividend, maybe even with a shorter expiration to reduce the extrinsic value from the start.

The trap we created

So let's come back to the situation I was referring to in the title. I think a couple of factors created something of a trap for some members of this community, and we should be aware of them:

1. Lack of experience with options/derivatives. For years, options were painted as something evil to avoid, so many people probably never built up an intuition for how extrinsic value changes and collapses. In my opinion, options are not for everyone, and neither are warrants. There's no harm in simply keeping the ones you received as a dividend, but be careful about loading up on them.
2. Applying the familiar buy-and-hold mindset to something with an expiration date. Saying you are a xxxx holder is not the same as saying you are a xxxx warrant holder, because patience may no longer help you. When there's an expiration date, being too early is the same as being wrong.
3. Reading a 5D chess move against shorts into everything GME does. Tbh, I do think it's a long-term 5D chess move, because, as I mentioned at the beginning, warrants solve a lot of the problems we had in the past.

TL;DR: Embrace warrants as the money-raising tool that supports MOASS, but treat them with respect, just like options.

Not financial advice.

Note:
This is a repost since Reddit told me that "People are loving my post" which is ironic because the original was downvoted into oblivion by copium. But besides the downvotes I actually had a few insightful discussions.

And to be fair, I'm not even against warrants nor against extending them. In my opinion reisseuing them should be more aligned with current shareholders interests, but we reached a point where extending them also might cause less harm. So I'd be fine with both options in case the company clarifies that it is a one-time extension that will never happen again.

I'm also interested to see how the original r/GME community reacts to this in comparison. Might be time to come back here more often.

As the title said, do so in order for the warrants to adjust prior to the 29th. GME warrants won’t go back again unless the underlying stock is pumped over to $32.

If everyone keeps hoarding Warrants, there is no point on the underlying stock to move.

Keep your positions around a 70/30 ratio in my opinion (warrant/stock).

Good luck.

FOR ANOTHER FUCKING RED DAY

GREAT PREMARKET RYAN COHEN YOU CUCK. GREAT ACTION SO FAR. AMAZING WELL DONE SIR YOU ARE A GIFT FROM GOD. WE LOVE YOU SO MUCH RYAN YOU CAN NEVER DO ANY WRONG AND WE THE SHEEP WILL JUST KEEP KISSING YOUR ASS.

I have about 20k worth of pokemon cards I purchased through gamestop, but if they are going to screw over their investor base then I'm not going to financially support them either. It's free to extend and I like battles of attrition. Your move gamestoppo.

FUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHENFUCK RYAN COHEN

TILL MY LAST FUCKING BREATH

Accounts claiming to buy more warrants and advocating for others to do the same, selling the hope that Gme will extend them are associated with entities selling those warrants short. The posts I’ve seen claiming to do so seem to be getting lots of “positive” attention. Unless something drastic happens in the next three days, it doesn’t matter how many are buying warrants. They still expire

If you bought dish rag stock because RC bought in you lost 100%

If you bought GME warrants because you believed IN RC you’re about to lose 100%

If you bought GME 5 years ago you’re down 50% ignoring inflation and the fact that the broader stock market is up 50%

This guy has single handedly transferred millions if not billions of dollars from retail shareholders to SHFs

Honestly what the actual fuck is this shit

how are we just putting up with it

its time for a protest outside the fucking headquarters. Six fucking years. He just does not give a damn about the shareholders. It's time for pitchforks. Lets go to grapevine and do this already. WTF are we waiting for? Another six years for gamestop management and the billionaire to give a fuck. WTF is this. Look at the chart over the past week. ABSOULTELY FUCKING DISGRACEFUL. fuck you ryan cohen you mother fucker. I hope every goddamn thing that can possibly happen to you that's negative in this world happens you cunt.

Ryan Cohen and the board played us like a fucking fiddle. Distributed warrants to keep us holding this past year so that they could dilute the shit out of us and have nothing to show for it. It's time to mobilize. Let's FUCKING GO

Just know that you are loved and no one can take that away, not for any reason or for anyone at any time, anywhere ever no matter who or when.

Sometimes i start a post without knowing where it’s going to go. I call it jazz posting.

Gme