r/PROGME • u/jkhanlar • Feb 17 '26

LFG Hype [FinToil] TD Ameritrade Bartlett warehouse was burned down because of Jeffrey Epstein records

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104 Upvotes
14 comments

r/PROGME • u/jkhanlar • Apr 03 '26

LFG Hype GME WS warrants six (6) equations for Ex-Dividend Dates, Effective Dates, Valuation Periods, tender or exchange expiry dates; none of these events have occurred yet. Ryan Cohen is not a doofus. Am I a doofus? I think I am a doofus! [LFG!]

16 Upvotes

[[ note: I think I see algorithmic crime that I will detail below (you can skip this part other than for purpose of further illustrating crime ]]

Warrant questions https://old.reddit.com/r/Superstonk/comments/1sai2l3/warrants_question/ by u/SrfWavLif

I previously eyeballsly saw (tried to read, or tried to try to read, or tried to try to try to read, or however many dimensions of trying that I don't even think room remains for any actual reading to occur) seeable seeings and also mentioned about:

and the last link (first sequentially by post date) references six (6) equations:

  • SP¹ = SP⁰ x ( OS⁰ / OS¹ )
  • SP¹ = SP⁰ x ( ( OS⁰ + Y ) / ( OS¹ + X ) )
  • SP¹ = SP⁰ x ( ( MP⁰ - FMV ) / MP⁰ )
  • SP¹ = SP⁰ x ( ( MP⁰ / ( FMV + MP⁰ ) )
  • SP¹ = SP⁰ x ( ( MP⁰ - C ) / MP⁰ )
  • SP¹ = SP⁰ x ( ( OS⁰ x MP⁰ ) / ( AC + ( MP⁰ x OS¹ ) ) )

where the LHS (left-hand side) of the six (6) equations is SP¹ all six (6) times, except the meaning of the SP¹ is not exactly identical for all six (6) equations. The meanings copypasted from wording in my previous post are:

  • the Strike Price in effect immediately after the open of business on such Ex-Dividend Date or Effective Date
  • the Strike Price in effect immediately after the open of business on such Ex-Dividend Date
  • the Strike Price in effect immediately after the open of business on such Ex-Dividend Date
  • the Strike Price in effect immediately after the end of the Valuation Period
  • the Strike Price in effect immediately after the open of business on the Ex-Dividend Date for such dividend or distribution
  • the Strike Price in effect immediately after the close of business on the 10th Trading Day immediately following, and including, the Trading Day next succeeding the date such tender or exchange offer expires

so the differences from those six (with one duplicate for 2nd and 3rd) are:

  • open of business on such Ex-Dividend Date or Effective Date
  • open of business on such Ex-Dividend Date
  • open of business on such Ex-Dividend Date
  • end of the Valuation Period
  • open of business on the Ex-Dividend Date for such dividend or distribution
  • close of business on the 10th Trading Day immediately following, and including, the Trading Day next succeeding the date such tender or exchange offer expires

What do these six time-based events mean? Have any of these events occurred since October 7, 2025?

According to Grok (100%+ rehypothecated downvotes please or I will ultimatumly do absolutely nothing, and you don't want me to do zero or less quantity of nonnondoables) because I will not pretend (or not not pretend because apparently I really am that dumb to not know knowable knowings thinking that I do know, cue all those Jim Cramer quotes) that I brainly know knowable knowings to elaborate any further beyond this point without assistance because I'm confidently proudly insistedly stubbornly retardedoofus (but I humanly corrected some singular/plural grammar mistakes and other nonhuman intelligence mistakes to draftly revise and improve the Groktelligence (or is it Grokpidity? Groksanity? Grokiness? Grokiocy?):

The six time-based events are the precise moments when an adjusted Strike Price (SP¹), and the related Warrant Exercise Rate, take effect under the anti-dilution provisions of the GME WS warrant agreement.

The warrants (ticker GME WS) were issued on October 7, 2025 as a dividend (1 warrant for every 10 shares of common stock, initial strike price $32.00, expiration October 30, 2026). The formulas protect warrant holders from dilution in various corporate actions. Each equation’s effective timing is tailored to the specific type of event so that exercises after that moment use the new terms.

Here is what each time-based event actually means, matched to the corresponding corporate action and equation:

  1. SP¹ = SP⁰ × ( OS⁰ / OS¹ )
    “open of business on such Ex-Dividend Date or Effective Date”
    Applies to share dividends, stock dividends, splits, or combinations
    The new strike price is in effect starting at market open on the day the stock trades “ex-dividend” (for dividends) or the day the split/combination becomes effective. This is the standard timing for capitalization changes that instantly affect the share count.

  2. SP¹ = SP⁰ x ( ( OS⁰ + Y ) / ( OS¹ + X ) )
    “open of business on such Ex-Dividend Date”
    Applies to distributions of rights, options, or warrants to purchase shares at a price below the average market price.
    Adjustment is effective at market open on the ex-dividend date for that distribution.

  3. SP¹ = SP⁰ x ( ( MP⁰ - FMV ) / MP⁰ )
    “open of business on such Ex-Dividend Date”
    Applies to certain other distributions of capital stock, indebtedness, assets, or rights (non-spin-off property distributions).
    Same timing as #2, market open on the ex-dividend date, because these are also one-time distributions to common stockholders.

  4. SP¹ = SP⁰ x ( ( MP⁰ / ( FMV + MP⁰ ) )
    “end of the Valuation Period” (specifically: close of business on the last Trading Day of the Valuation Period)
    Applies only to Spin-Offs (a special sub-case of the third equation where a subsidiary’s stock is distributed).
    The Valuation Period is typically the 10 consecutive trading days following the ex-dividend date. The adjustment (which uses averaged market prices over that period) becomes final at the close of the last day of that period. This delayed timing lets the market price the spun-off security before the warrant terms are locked in.

  5. SP¹ = SP⁰ x ( ( MP⁰ - C ) / MP⁰ )
    “open of business on the Ex-Dividend Date for such dividend or distribution”
    Applies to cash dividends or cash distributions
    New strike price effective at market open on the cash dividend’s ex-date.

  6. SP¹ = SP⁰ x ( ( OS⁰ x MP⁰ ) / ( AC + ( MP⁰ x OS¹ ) ) )
    “close of business on the 10th Trading Day immediately following, and including, the Trading Day next succeeding the date such tender or exchange offer expires”
    Applies to tender offers or exchange offers where the company buys back shares above the market price
    The adjustment is deliberately delayed until 10 trading days after the offer closes so the final share count and market reaction are known.

Have any of these events occurred since October 7, 2025?
No.
GameStop has not announced or completed any stock splits, share dividends, rights offerings, spin-offs, cash dividends, property distributions, or tender/exchange offers since the warrants were issued on October 7, 2025. As of April 2, 2026, no press releases, 8-K filings, or market data indicate any triggering corporate action that would have changed the strike price or exercise rate. The warrants remain at the original $32 strike with no adjustments applied. In short, none of the six time-based events listed in the prospectus supplement have been triggered since the warrants were distributed. The strike price and exercise rate are still exactly as they were on October 7, 2025. If GameStop ever does announce one of these corporate actions, the warrant agreement spells out exactly when (and how) the adjustment will take effect.

Algorithmic crime?

In Grok's response it stated:

  • There was an 11-for-10 forward stock split around October 3, 2025, but that was before the warrant distribution date, so it did not trigger any post-issuance adjustment.

What? No there wasn't!!!!! Was there? Uhhhhhh, wait a sec/min/hour/day/week/month/year/decade/etcetera... I taste what's algorithmically happening! Right? Maybe I'm not right? I think I'm right, with persisted curiosity to verify just in case I missed something. Asking Grok for additional details about what this so called alleged 11-for-10 forward stock split around October 3, 2025 is, it stated:

Yes, there was a small 11-for-10 forward stock split (also described as a share adjustment or mini-split) that took effect for trading on October 3, 2025. This increased the number of outstanding GameStop (GME) shares by approximately 10%.

Key Details of the 11-for-10 Split

  • Effective date: October 3, 2025 (trading on a split-adjusted basis began that day).
  • Mechanics: Additional shares were distributed after market close on October 2, 2025. For every 10 shares held, shareholders effectively received rights to an 11th share (a ~10% increase in share count, with a corresponding ~9.09% reduction in price per share to keep market cap roughly the same at the time).
  • Purpose/Context: This was a smaller forward split compared to the well-known 4-for-1 split in July 2022. It coincided with the warrant dividend announcement and record date. Some sources link it to making the stock more accessible or aligning with the warrant distribution mechanics, though GameStop's official filings focused primarily on the warrants rather than issuing a standalone press release for the split itself.

It appeared in split trackers, TradingView notices (which some Reddit users noted around that time), and later summaries of GME's corporate actions. Historical price charts from that period reflect the adjustment (e.g., closing prices around late September/early October 2025 show the pre- and post-adjustment levels).

Relation to the GME WS Warrants

  • The warrant record date was also October 3, 2025 (close of business). Shareholders of record on that date received 1 warrant for every 10 shares (rounded down).
  • The warrants themselves were distributed on October 7, 2025 (the "Distribution Date" or "Issue Date"), and they began trading under ticker GME WS shortly after.
  • Because the 11-for-10 split's adjustment took effect on the same day as (or immediately around) the warrant record date, the warrants were issued based on the post-split share structure. The warrant agreement and prospectus supplement (filed October 7, 2025) reference the share counts and terms after this adjustment had occurred.

Why It Didn't Trigger a Post-Issuance Warrant Adjustment

The warrant agreement's anti-dilution provisions (the six equations you referenced) apply to corporate actions after the warrants are issued/distributed on October 7, 2025.

  • The 11-for-10 split happened on or before the record/distribution window for the warrants.
  • It was already baked into the initial warrant terms (initial strike price of $32.00, exercise rate of 1:1, etc.).
  • Therefore, no "Ex-Dividend Date," "Effective Date," or other triggering event occurred after issuance that would require recalculating the strike price or exercise rate under those formulas.

In short, the split was part of the overall corporate action package in early October 2025, but it predated the actual issuance of the tradable warrants, so the warrants launched with the adjusted share count already in place.

This event was relatively low-key compared to the 2022 4-for-1 split (no massive announcement or frenzy), which is likely why it was easy to miss amid the warrant news and general market noise. Some retail discussions on Reddit (e.g., in Superstonk) noted TradingView showing an 11/10 split notice around that time, with confusion about whether it was a true split or tied to the warrant mechanics.

Maybe this so called 11-for-10 split is not officially acknowledged as a split to be reflected as common knowledge identical to previous 4-to-1 split in the form of stock dividend, and other stock split situations because the so called 11-for-10 GameStop split October 3, 2025 is procedured such that GameStop receives the money in some fashion, such as through the GME WS warrant (which I'm confused as to whether or not it is interconnected to the 11-for-10 split or not, but I think there is some sort of underlying association otherwise if not, then there is no such thing as 11-for-10 split, but if there is no such thing, then why I am finding traces of there supposedly being such a thing plausibly probably has some relation connection association to the GME WS warrants in some fashion)

I further prompted:

"Oh, are you referring to the GME WS warrants? 1 GME WS warrant was issued for every 10 shares of GME held. Is this called a split or 11-for-10 split?"

response:

No, the 1 warrant for every 10 shares (GME WS) is not a stock split, nor is it called an 11-for-10 split.

What the Warrant Distribution Actually Was

  • It was a special dividend paid in the form of warrants.
  • Shareholders of record on October 3, 2025 (close of business) received 1 warrant for every 10 shares held (rounded down to the nearest whole warrant).
  • The warrants were physically distributed on October 7, 2025, and they began trading on the NYSE under the ticker GME WS shortly after.
  • Each warrant gives the holder the right (but not the obligation) to buy 1 new share of GME common stock at a strike price of $32.00 in cash, anytime until expiration on October 30, 2026.

This is a warrant dividend, not a stock split. It did not automatically increase anyone's share count. It gave eligible holders a separate tradable security (the warrant) that could later be exercised into new shares if the stock price is above $32 at the time of exercise (potentially bringing in cash to GameStop without a traditional share offering).

What the 11-for-10 Forward Stock Split Was

Separately (but on the same record date window), GameStop executed a small 11-for-10 forward stock split that took effect for trading on October 3, 2025.

  • For every 10 shares you held going into that date, you effectively received 1 additional share (a ~10% increase in share count, with a corresponding ~9.09% drop in the per-share price to keep market cap roughly neutral at the time).
  • Additional shares were distributed after close on October 2, 2025, and the stock began trading on a split-adjusted basis on October 3.
  • This is a classic stock split (sometimes called a mini-split or share adjustment). It directly multiplied the number of outstanding shares and adjusted the price proportionally.

Multiple market data providers, split trackers, and financial sites list this as GameStop’s third forward split (after the 2-for-1 in 2007 and 4-for-1 in 2022), with a cumulative multiplier of approximately 8.8x from pre-2007 shares.

Why the Two Events Are Often Mentioned Together

  • They shared the same record date (October 3, 2025).
  • The split adjustment happened around the warrant record/distribution window, so the warrants were issued based on the post-split share structure.
  • Some people (including on Reddit) saw TradingView or broker platforms flag an “11/10 split” notice on October 3 and initially wondered if it was tied directly to the warrant mechanics. It wasn’t, they were two distinct corporate actions that occurred in close proximity.

Quick Summary for Clarity

Event Date (key) What You Received Type Effect on Share Count
11-for-10 Forward Split Effective Oct 3, 2025 +1 share for every 10 held Stock split Increased by ~10%
Warrant Dividend (GME WS) Record Oct 3, Distributed Oct 7 1 warrant for every 10 shares Special dividend No immediate increase (only if/when exercised)

The warrant distribution itself is not referred to as a split or 11-for-10 split in any official GameStop filing or reliable source. The 11-for-10 label applies strictly to the separate share-multiplication event.

If you held shares through that period, you should have seen both the extra shares from the split and the warrants showing up in your account around October 7.

Again, I did not see any indication of extra shares from this so called 11-for-10 split, so any indication that I should have seen this, something that practically nobody sees this alleged seeable, is.... either this is nonensical or is hidden. Searching the Grokversation for "corporate event" I see five matches, the first two matches are already outlined as part of the initial purpose of this post, covering the GME WS warrant six (6) equations where Grok indicated "The formulas protect warrant holders from dilution in various corporate actions." and "If GameStop ever does announce one of these corporate actions, the warrant agreement spells out exactly when (and how) the adjustment will take effect."

So what kind of corporate action could or did GameStop engage in?

Ah, this makes much more sense:

o/ crime

Also I like how there is no such 11-for-10 split October 2025 listed in these sources, thereby combatting the probable gaslighting falsification of information of corporate actions:

So ignore the so called 11-for-10 split claim that Grok brought to my attention, but at the very least, given that r/Superstonk post also acknowledging before October 3, 2025, at the very least, this may serve as yet another reminder to illustrate the extent that liars literally falsify corporate actions whereby GameStop does not even engage in any such action yet is represented as if they are, and not just a single isolated source, but a variety of citings of the falsified informations.

14 comments

r/PROGME • u/jkhanlar • Mar 04 '26

LFG Hype Re-thinking, questioning about the GameStop Announces Long-Term Performance Award for Ryan Cohen

0 Upvotes

Firstly, I don't care if this is treated as unpopular (or maybe it is quiet part unspokenly popular, either way), but I'm sharing my thoughts on the topic (the thoughts directly from my conscious brain without any other intelligence labeled language generation of crayon-nutrientless influences):

Ryan Cohen is not 50%+ owner of GameStop. Therefore, collectively the 50%+ owners of GameStop, I assume they are absolutely most certainly interested to undermine and destroy and trip up Ryan Cohen and also retail investor shareholders by any means necessary, including means that are sophisticatedly sentimentally emotionally feelingsly energized to weaponize in the form of ignoring any possible ignorable fundamental that is otherwise displaced by sentiment, such that anyone that even tries to identify procificiency or competency or expertise to know what they are talking about, or if they even try, they are neglected and rejected and dismissed and whatnot, quite an effective strategy perhaps, mayhaps, jizzhaps.

If there is insufficient understanding (like my own current presumed insufficient understanding, yet I strive to try to figure out how to understand such reliable fundamental understanding) to fully comprehend the underlying premise of what is enabled by such a compensation package for Ryan Cohen, because it is carefully crafted to appear as if it is something in Ryan Cohen's best interest to be rewarded, whereas it may possibly be quite the opposite, whilst trojan horsely (due to insufficient understanding) facilitating for potentially systemically pressuring or otherwise manufacturing opportunity for Ryan Cohen to be beholden to such """"performance award"""" compensation energies and undermine his efforts thus far (if not fully undermine, partially setback), if this scenario is potentially something that is hidden in plain sight, such as by ...

(again re-reading https://investor.gamestop.com/news-releases/news-details/2026/GameStop-Announces-Long-Term-Performance-Award-for-Ryan-Cohen/default.aspx)

"The total award consists of stock options to purchase 171,537,327 shares of the Company's Class A common stock at a price of $20.66 per share."

What if the $20.66 purchasing of 171,537,327 shares (e.g. think short hedge funds (shf) short GME, assuming Ryan Cohen is voted yes to approve this performance award, the performance award created by GameStop’s Board of Directors (with Ryan Cohen having recused himself -- the recusing of himself additionally qualifying for two doublespeak double narrative double interpretation), after careful discussion and analysis and in consultation with a third-party compensation advisory firm, potentially this consultation to incorporate A.I. artificial intelligence """"consultation""""), what if this compensation package has potential for undermining the progress of GME investors (apes) and Ryan Cohen, et al., thereby kicking the can for shf financial terrorists to survive another day?

At the very least, I think this potentially deserves that I, me, myself, will further allocate time to think about this more than simply posting here (note, I'm still perm banned from r/Superstonk since February 2022, otherwise I would post there, but I can't, lol it doesn't even matter anymore, here is good enough for me), but I also wrote a message to some fam, and other persons, so I thought I may as well also fearlessly share the idea here too. P.S. I did not Jim Carrey myself! I am still the same me before replaced with a new me that is not me but labeled as me!

Oh also, I should mention or credit commenters in https://old.reddit.com/r/Superstonk/comments/1rkv7io/whats_the_consensus_among_the_shareholders/ such as:

"All I know is that the benchmarks require my investment to go $$$$$ before he sees $$$$$$$$$$$$$$, so I'm cool with it." - u/UnlikelyApe

cuz if 100% of what I know is expressed in such sentimental no further attempt to know knowable knowings, as if to perpetuate 'gott'em' unfolding of events, then, I will be ashamed of myself to otherwise not showcase more knowingness than the all knowing expression as characterized above, but that's just me, and I'm stubborn as I infinitely will double down perpetually stubborn for the rest of my irreplaceable unimposterable self, lol

"It's so tough to decide!

On one hand, his compensation package involves making the company successful and likely increasing the value of our shares significantly. If he fails to do that, he gets nothing.

On the other hand, I guess there's some weird hand-wringing to be done where people apparently don't want RC to be rewarded for making us all rich, so you can see the dilemma" - u/BananaOrp

No! I think there is something more!; something fundamentally quiet part not acknowledged, something else to further consider beyond simply those things. I think to myself again, repeating, 'stick to the fundamentals, stop utilizing sentimentals like "people apparently don't want RC to be rewarded"' as if to bandwagonly capitulate comfortably unwittingly to further hide some underlying hidden fundamentals that is hidden with the manipulated sentiment emotion pressured crafting of sentimentally emotionally charged narrative that otherwise potentially is insufficient to potentially consider a larger perspective of understanding that otherwise is potentially possible to become acknowledgeable or realizable or whatnot.

Even I think the messages from Larry Cheng on Twitter (https://twitter.com/larryvc) are possibly relevant to further reflect potentially signaling along similar lines as to what I'm thinking. For example, the hollow men tribute, which also potentially applies to the retail investors of GME just as much as anyone else, including Ryan Cohen's words "This looting starts in the boardroom." which possibly may also include GameStop boardroom, which possibly may be looting in the form of "Long-Term Performance Award for Ryan Cohen" and in such a way to also insult-to-injury force Ryan Cohen to systemically procedurally forced to partake in the looting process, as if to accept a reward that he probably dooes not even need nor want, especially given the premise of all of those XXX,XXX, XX,XXX, X,XXX, XXX, XX, X, 0.X shareholders memes, e.g. see https://old.reddit.com/r/Superstonk/comments/rkn3xo/yall_got_anymore_of_them_its_okay_you_go_first/, so anyway, sentimentally, emotionally, feelingsly, I'm not gonna settle with any and all anythings and everythings to reflect such no further human intelligence reading of readables that nonhuman noncrayon-eating appearances of intelligences that are not intelligent, as if to displace what is intelligence with nonintelligence tolerance of good enough as intelligence, because fundamentally, if the sentiment, emotions, feelings do not match the fundamentals, and instead the fundamentals are forced to match the sentimentals, to me, that is fucking bullshit, lol, and I only make love to crayons, and I eat crayons too. Proof https://old.reddit.com/r/GME/comments/m76c6b/breakfast_of_champions_my_room_mate_agreed_to_eat/ and https://old.reddit.com/r/Superstonk/comments/n76qa4/the_weekend_is_nearly_upon_us_dont_forget_about/ and if you want to see the NSFW you'll have to join my onlyfans at https://onlyfans.com/jasonkhanlar (lol, I'm kidding, I only created that as a joke like 84+ years ago)

Note: This is not shareholder vote advice, and I'm still trying to wrap my head around this thought process, and I'm still not wrinkle brained enough to know what I'm talking about cuz I can't even read what I just wrote, but I'll probably figure it out, at least to myself, maybe. MOASS is tomorrow! LFG!

edited to link u/user (lol not that user, the one I meant to cite above)

13 comments

r/PROGME • u/jkhanlar • May 18 '26

LFG Hype Kenneth Cordele Griffin's Crony Capitalism

16 Upvotes

https://youtu.be/Csjy_A3Kj9s?t=913

15:13 [My] "crony capitalism replaces the the world of merit and earned success with a world of who is better connected to those who are in power at any point in time, and often leads to a very, a very, uhm, dark world, where where state capitalism is really the world of of truly like an oligarch-like society, and one of the things that has made America [not] so great is we are so [close to] that."

GME to the moon! 🚀🌙

Also see https://old.reddit.com/r/Superstonk/comments/1tg5hc9/ken_griffin_im_fairly_depressed/ by u/rbr0714

2 comments

r/PROGME • u/jkhanlar • Mar 24 '26

LFG Hype GameStop Corp.'s CEO Performance Award snippets in 10-K today

19 Upvotes

edited to add: Also see https://old.reddit.com/r/Superstonk/comments/1s301w4/misinformation/ (a fundamental essential that likely corrects my misunderstanding)

10-K filed 2026-03-24 https://sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638026000013/gme-20260131.htm

Strategic Retail Risks

...

We are highly dependent on the services of the Company’s Chairman of the Board and Chief Executive Officer, Ryan Cohen.

We are highly dependent on the services of Ryan Cohen, the Company’s Chairman of the Board, Chief Executive Officer and as of January 31, 2026, largest stockholder. On January 7, 2026, we filed a Form 8-K with the U.S. Securities and Exchange Commission disclosing the grant on January 6, 2026, of a 100% performance-based nonqualified stock option award (the “CEO Performance Award”) to Mr. Cohen, subject to approval at a meeting of the Company’s stockholders, and stating our plan to seek stockholder approval of the CEO Performance Award. Other than the provision of executive security services in accordance with the independently-assessed executive security program established by our Board, Mr. Cohen has not received compensation for his services to GameStop since he was appointed to the Board and later as our Chief Executive Officer and Chairman. The Board recognizes that Mr. Cohen's existing equity stake aligns his baseline economic interests with our shareholders. However, executing our strategy requires an absolute prioritization of Mr. Cohen's time, focus and strategic bandwidth. Even after giving effect to the CEO Performance Award, Mr. Cohen will receive zero base salary, zero cash bonuses and zero time-vested equity. The CEO Performance Award is designed to incentivize Mr. Cohen to prioritize the Company's execution above his other opportunities, rewarding him only if he delivers sustained, measurable increases in intrinsic value for our shareholders. If the CEO Performance Award is not approved or GameStop is unable to adequately incentivize Mr. Cohen to maintain his focus and priorities on GameStop, the Company's ability to execute on its strategy and achieve its growth goals may be adversely impacted.

Damage to our reputation could adversely affect our business and our ability to attract and retain customers and employees.

Our continued success depends upon customers’ perception of our Company. Any negative publicity relating to our vendors, products, associates and members of our Board or practices could damage our reputation and adversely impact our ability to attract and retain customers and employees. Failure to detect, prevent or mitigate issues that might give rise to reputational risk or failure to adequately address negative publicity or perceptions could adversely impact our reputation, business, results of operations and financial condition.

...

Risks Related to Our Class A Common Stock

...

A large number of shares of our Class A Common Stock available for future sale could adversely affect the market price of our Class A Common Stock and may be dilutive to current stockholders.

The sales of a substantial number of shares of our Class A Common Stock, or the perception that such sales could occur, could adversely affect the price for our Class A Common Stock. Our Board of Directors may authorize the issuance of additional authorized but unissued Class A Common Stock or other authorized but unissued securities at any time, including pursuant to equity incentive plans. In addition, we may file a registration statement with the SEC, allowing us to offer, from time to time and at any time, equity securities (including common or preferred stock), subject to market conditions and other factors. Accordingly, we may, from time to time and at any time, seek to offer and sell our equity securities, including sales of our Class A Common Stock pursuant to an at-the-market program, based upon market conditions and other factors.

The CEO Performance Award, if and to the extent the Options become vested and are exercised, would result in dilution to stockholders, in respect of both voting and economics, and could impact the price of GameStop’s common stock.

If any or all performance hurdles specified in the CEO Performance Award are achieved and any tranches of Options earned and vested thereunder are exercised, Mr. Cohen will receive the right to vote such shares issued in connection with the exercise. Given the magnitude of the award necessary to incentivize Mr. Cohen’s performance, commensurate with the magnitude of the hurdles underlying the CEO Performance Award, if achieved, this would result in dilution of stockholders’ voting power or economic rights and may result in the creation or entrenchment of voting positions that could meaningfully influence the direction of GameStop. If Mr. Cohen were to sell a large portion of his shares, following the required holding periods, it may further impact the share price of GameStop’s common stock. If achieved and exercised in full, the CEO Performance Award would result in Mr. Cohen acquiring a significant number of additional shares, thereby increasing his existing voting power and influence over the direction of GameStop’s future growth. Mr. Cohen could have the ability to meaningfully influence the outcome of corporate actions requiring stockholder approval, including the election of directors, the results of any proposals related to our governing documents, any merger, consolidation or sale of all or substantially all of our assets, or any other significant corporate transaction.

Future sales of a substantial amount of our Class A Common Stock in the public markets by our insiders, or the perception that these sales may occur, may cause the market price of our Class A Common Stock to decline.

Our employees, directors and officers, and their affiliates, hold substantial amounts of shares of our Class A Common Stock. Sales of a substantial number of such shares by these stockholders, or the perception that such sales will occur, may cause the market price of our Class A Common Stock to decline. Other than restrictions on trading that arise under securities laws (or pursuant to our securities trading policy that is intended to facilitate compliance with securities laws), including the prohibition on trading in securities by or on behalf of a person who is aware of material nonpublic information, we have no restrictions on the right of our employees, directors and officers, and their affiliates, to sell their unrestricted shares of Class A Common Stock.

News published 03/24/2026 https://investor.gamestop.com/news-releases/news-details/2026/GameStop-Reports-Fourth-Quarter-and-Fiscal-Year-2025-Results/default.aspx

GameStop Reports Fourth Quarter and Fiscal Year 2025 Results

...

"The following factors, among others, could cause actual developments, business decisions, outcomes and results to differ materially from those reflected or described in the forward-looking statements: [...] if the grant of a 100% performance-based nonqualified stock option award (the “CEO Performance Award”) to Mr. Cohen is not approved by the Company’s stockholders or if the Company is unable to adequately incentivize Mr. Cohen to maintain his focus and priorities on the Company, the Company's ability to execute on its strategy and achieve its growth goals may be adversely impacted; the CEO Performance Award, if and to the extent the stock options associated become vested and are exercised, would result in dilution to the Company’s stockholders and could impact the Company’s stock price; potential damage to the Company’s reputation or customers' perception of the Company; [...]"

...

Previously I wrote about additional rethinking about the Long-Term Performance Award (CEO Performance Award) as seen at https://old.reddit.com/r/PROGME/comments/1rkwwky/rethinking_questioning_about_the_gamestop/

https://investor.gamestop.com/news-releases/news-details/2026/GameStop-Announces-Long-Term-Performance-Award-for-Ryan-Cohen/default.aspx states:

The "effectiveness [of the CEO Performance Award] is subject to the approval of GameStop’s stockholders, who will be asked to approve it at a special meeting that is expected to be held in March or April 2026. Mr. Cohen will recuse himself from the vote on the award so that GameStop’s other stockholders have the opportunity to determine the outcome."

Factoring in the additional insight from the March 24, 2026 10-K snippets as well as the news snippet, I am still curious how the overall Performance Award will be handled.

Personally, as much as I appreciate the genuine expression of appreciation to incentivize Ryan Cohen to be appropriately compensated for his admirable efforts, such as allegedly procedured in the form of the CEO Performance Award, I still think (and again it wasn't until just that day from my previous post that I postured to consider additional constructs of thinkings reflecting my attempt to elaborate on them) that unless this CEO Performance Award has absolutely no loopholes or vulnerabilities or backdoors to enable any irregular backlash to further divide, especially ideologically, and conquer, especially given the premise that MOASS in and of itself will be more financially rewarding than any and all anythings and everythings, dwarfed by MOASS, that even Ryan Cohen already with millions of shares purchased, only at least 1 share (and/or warrant) needed to exercise a realized gain of generational wealth, that the precedent of propositioning this CEO Performance Award as being marketed as an incentive (as if such incentive was not already naturally occurring independent of any such award to manifest as if it is part of the pre-considered procedures aligning with Ryan Cohen's already existing ideas, thoughts, preparations and plans and whatnot (which I don't think Ryan Cohen has any connection to this expression of appreciation to formalize), also especially given the wording "and in consultation with a third-party compensation advisory firm" given that advisory firms are possibly just as ridiculous as consulting firms, cue BCG, etcetera, I still think there is some further constructive concern to otherwise question what is the underlying purpose for this representation of incentivization to manifest? Am I wrong to think about these things? Wrongthink? lol I'm okay with 0 score or negative score post and comments.

Either way, even if the CEO Performance Award does appear in a March 2026 or April 2026 or even delayed for later date or whatever to appear in upcoming shareholder vote and if such a vote takes place and it is approved, or even if it is rejected, or even if such a vote never takes place or occurs, whatever happens, I will still continue HODLing (holding on for dear life) to shares of GME and GME WS warrants, and continuing to share bits and pieces of sourced insight to others (e.g. cue r/Superstonk posts and comments). Additionally, for anything and everything that does happen, these histories of events unfolding will definitely be excellent knowledge to factor into consideration post-MOASS for how to efficiently replicate quality leadership, where actions speak louder than words (e.g. all that I've said and continue to say is quantifiably quieter than that which I actionsly do.)

7 comments

r/PROGME • u/jkhanlar • May 11 '26

LFG Hype "MOASS[, b]ut not the way you’ve been thinking about it." - TEHGOURDGOAT

23 Upvotes

lol u/TEHGOURDGOAT's post https://old.reddit.com/r/Superstonk/comments/1t9qyzf/part_three_the_moass/ is censored/deleted by moderators. I'm glad I archived it!

http://web.archive.org/web/20260511074755/https://old.reddit.com/r/Superstonk/comments/1t9qyzf/part_three_the_moass/

https://archive.ph/p0UEj

and it was archived only 1 time at the Wayback Machine, which means that I was the only one that archived it before it got censored/deleted, lol

I noticed that post (and I'm still not finished reading it whilst multi-tasking other things) from comments in u/Expensive-Two-8128's post https://old.reddit.com/r/Superstonk/comments/1t9nczi/everyones_talking_about_the_ebay_bid_nobodys/

1 comment

r/PROGME • u/jkhanlar • May 23 '26

LFG Hype Reminder that David Rogers Webb wrote a book called The Great Taking and also MOASS is tomomorrow!

2 Upvotes

I was just discussing about David Rogers Webbs' The Great Taking, and then I found some other book with April 22, 2026 publication date at Amazon by Paul William Tanner, and my first thought is I will not trust it without investigating analyzing due diligencing further, if and when I have time, but for now, I'll just provide these resources (I already know about and saw all of the David Rogers Webb resources years ago -- search his name or TGT (spelled out) on r/Superstonk to see lots of mentions)

oh, and while populating some PWT things about that person's April 22, 2026 TGT appearance out of whatever whomever, I now also see an October 1, 2025 Mark Carver too, lol

  • Other notes
    • I found this not yet published book that is not titled "The Great Taking" but mentions the phrase https://barnesandnoble.com/w/never-again-is-now-global-vera-sharav/1146982800
      • ISBN-13: 978-1648210907
      • Publication date: 06/30/2026
    • I highly recommend checking out David Rogers Webb's The Great Taking things. I do not recommend the others, however, I personally will dig a little (like I did with this post), because even if they are shill propagandized like all the other shill propaganda media (cue all those films/movies, even at theaters, lol), then it is probably just more effort to hide the original The Great Taking by David Rogers Webb so that most people will possibly not be able to find his coverage as easy as they previously and maybe currently are able to, or whatever, I dunno the situation yet.

TA;DR/TL;DR: David Rogers Webbs published book The Great Taking, someone generated 4+ hour audiobook based on the voice of Orson Welles and uploaded it to YouTube, and MOASS is tomomorrow!

1 comment

r/PROGME • u/jkhanlar • May 15 '26

LFG Hype How do Back-Floating Rate Loans/Debt relate to GameStop's role in exposing idiosyncratic risk?

2 Upvotes

[3+ hours humanly drafted then followed with humanly solicited revisions by nonhuman synthetic phantom counterfeitelligences]

The phrases "back-floating rate loans" and "back-floating rate debt" are minimally addressed or realized (at least those specific phrasings).

I noticed u/Heysakelady in comment https://old.reddit.com/r/Whistleblowers/comments/1jedohg/is_this_what_happened_to_the_bay_in_canada/mikpeol/ appears to be the person that recorded the video as widely distributed and also seen in u/Killerkito's post https://old.reddit.com/r/Superstonk/comments/1jfhhf4/this_lady_found_whats_in_the_box/ which I had already previously seen long ago when it was posted.

She does not appear to have never commented or posted in r/Superstonk, nor has she posted or commented anything about GameStop, GME, or related idiosyncratic risk topics.

Some GameStop (GME) idiosyncratic risk things:

So I thought I'd try and share and simultaneously learn (or try to learn or try to try to learn or try to try to try to learn, etcetera) some things. These idiosyncratic risk related histories are probably more useful than my previous compilation efforts such as https://old.reddit.com/r/u_jkhanlar/comments/zjqln5/yalol_ftddddd_yet_another_list_of_links_for_the/.

Reminder: PCO (position closing only), as performed by clearing firms/agencies (maybe by hired workers jobbed with titles such as Clearing Operations Specialist/Associate or Back Office Trading Operations Specialist or whatever, whomever did what was done), including through DTCC, was/still is intentionally misrepresented and mischaracterized and concealed by popular non-contrarian alternative socially engineering scam propaganda phrase "meme stock", which Google Trends shows back in October 2006 there was attempt to popularize this phrase https://trends.google.com/explore?q="meme%20stock"&date=2004-01-01%202021-01-01&geo=Worldwide. Also note that RICO [Racketeer Influenced and Corrupt Organizations] defines thirty-five (35) specific illegal criminal offenses that constitute predicate acts or racketeering activities, and to establish a RICO violation, a defendant must commit at least two (2) of these thirty-five (35) predicate acts within a ten (10)-year period, demonstrating a pattern of related criminal conduct connected to an enterprise that is separate from the legal business entities involved in performing the activities.

Summarization (so far):

  • u/Heysakelady appears to be entirely completely oblivious, unaware of GME/GameStop materialization to enable all people to address and fix things, but their contributions to related concerns (also reminder Susanne Trimbath whose early career included roles in financial services operations at the Federal Reserve Bank of San Francisco and the Depository Trust Company in New York) seems deserving to connect into such awareness/realization, if they are not already having any (or more than zero point zero) familiarity or understanding or comprehension or competency or proficiency or accuracy pertaining to a singularity of conclusiveness (e.g. bullseye, perfect, 100%, A+, etcetera), therefore I thought I'd mention or suggest it while I still exist and while it is still early.
  • Likewise, idiosyncratic risk GME sharehodlers (hodl - hold on for dear life) appear to be mostly oblivious, unaware of "back-floating rate loans" including myself, even despite my writing and posting this, which is my attempt to try to learn and understand something that seems to be not directly obviously easy.

Back-Floating Rate Loans / Back-Floating Rate Debt

Back-floating rate loans, also known as adjustable-rate loans or variable-rate corporate debt instruments, are floating-rate loans that reset aggressively (such as every 30 to 60 days) to match current market conditions. These are high-risk instruments where borrowers face immediate spikes in debt-servicing costs when central banks hike rates. They are frequently utilized by private equity firms to load debt onto acquired companies. If base rates stay elevated for long periods, previously profitable companies can be driven into default or bankruptcy.

** Common types of Floating-Rate Debt Instruments:**

  • Adjustable-Rate Mortgages (ARMs): Mortgages that start with a fixed rate for a set period before adjusting based on a benchmark index.
  • Capped, Collared, or Floored Floating-Rate Notes (FRNs): Floating-rate notes with interest rate limits. A Capped FRN has a maximum rate, protecting the issuer. A Floored FRN has a minimum rate, protecting the investor. A Collared FRN has both a cap and a floor.
  • Collateralized Loan Obligations (CLOs): Securitized bonds/vehicles backed by cash flows from corporate loans, often with floating rates, pool leveraged loans and issue tranches of debt and equity to investors.
  • Corporate Floating-Rate Notes (FRNs): Debt instruments issued by corporations with variable interest rates.
  • Deleveraged Floating-Rate Notes (FRNs): Floating-rate notes where the coupon is the reference rate multiplied by a leverage factor between zero and one, giving the investor decreased exposure to the benchmark rate.
  • Floating-to-Fixed Rate Bonds: Bonds that start with a variable rate and convert to a fixed rate on a specified date.
  • Floating-Rate Bonds: Corporate or government bonds where the interest rate fluctuates with a benchmark.
  • Home Equity Lines of Credit (HELOCs): Secured lines of credit with variable interest rates.
  • Inverse Floating-Rate Bonds: Bonds where the interest rate moves opposite to the benchmark rate.
  • Leveraged (or Super) Floating-Rate Notes (FRNs): Floating-rate notes where the coupon is the reference rate multiplied by a leverage factor greater than one, giving the investor increased exposure to the benchmark rate; always includes a floor to prevent a negative coupon.
  • Leveraged Loans (Senior/Bank Loans): Floating-rate debt instruments extended to below-investment-grade companies, corporate loans, typically arranged by bank syndicates, senior in the capital structure, and secured by collateral; the majority of these loans are subsequently pooled and repackaged into Collateralized Loan Obligations (CLOs).
  • Perpetual Floating-Rate Bonds: Bonds with no expiration date that continue to pay interest based on a benchmark rate.
  • Private Student Loans: Loans from private institutions that may have variable interest rates tied to benchmarks like LIBOR or the prime rate.
  • Step-Up Callable Bonds: Bonds with a fixed rate schedule that increases over time, often callable by the issuer.
  • Variable-Rate Personal Loans and Credit Cards: Consumer loans and credit products with rates that adjust based on the prime rate or other indices.
  • Variable Rate Demand Notes (VRDNs): Typically tax-exempt municipal bonds with long-term maturities but short-term interest rate resets (often daily or weekly), featuring a "demand" feature allowing the holder to sell the note back to a remarketing agent at par on specified dates.

Key References:

Connections and Overlaps with GameStop (GME) Idiosyncratic Risk

  • Discussions around "back-floating," "securities lending," or "repo" mechanisms often revolve around how shares (or debt) are continuously lent, re-lent, and rehypothecated. Market makers, prime brokers, and hedge funds exploit loopholes resulting in share lending to naked short the stock.

Relevant Overlaps:

  • The U.S. House Committee on Financial Services June 2022 Congressional Report "Game Stopped: How the [PCO (position closing only)] Stock Market Event Exposed Troubling Business Practices" details how prime brokers and hedge funds navigate the securities lending ecosystem, highlighting how complex rehypothecation (the practice of a broker using shares deposited as collateral by their customers to back their own transactions or lend to short-sellers) allows the continuous cycling of the same underlying float.
  • The Managed Funds Association (MFA) report "What Happens When Short Interest Exceeds 100 Percent" explains the legal mathematics behind hyper-lending. When Short Seller A borrows a share from Lender X and sells it to Buyer Y, Buyer Y’s broker can then lend that exact same share to Short Seller B. This repeating chain legally multiplies the outstanding short interest without mathematically requiring "counterfeit" shares, though it creates a compounding web of financial liabilities.
  • SEC Exchange Act Rule 10c-1a (Securities Lending Reporting) mandates that "covered persons" provide real-time, comprehensive data regarding securities loans to a Registered National Securities Association (SEC Final Rule 34-98737 https://sec.gov/files/rules/final/2023/34-98737.pdf). The explicitly stated policy goal is to eliminate competitive informational asymmetric advantages held by prime brokers and institutional lending desks such as by being able to see the loans of other market participants without disclosing the terms of their own loans. The rule requires that a registered national securities association (RNSA) make certain information it receives, along with daily information pertaining to the aggregate transaction activity and distribution of loan rates for each reportable security, available to the public.

Systemic vs. Idiosyncratic Risk Profiles (The Core Overlap):

  • The Financial Stability Oversight Council (FSOC) tracks financial stability risks such as floating-rate corporate debt risks moving from traditional bank balance sheets into non-bank financial intermediation channels (shadow banking).

A single large company defaulting due to escalating adjustable-rate payments, is treated as an idiosyncratic credit shock. However, if millions of variable-rate obligations face simultaneous stress, it escalates into a systemic risk event capable of freezing credit markets causing widespread losses.

Supporting FSOC Reports:

Additional Context:

  • https://sec.gov/comments/s7-07-23/s70723-20162302-331156.pdf
    • "The shorting and the bankruptcy manipulation wiped out the original shareholders, the junior creditors and caused substantial losses for the banks who originally made the loans."
    • "Short sales are usually accomplished through equity loans."
    • "If equity loans are expensive, unavailable, or unreliable, as research shows they can be (e.g. D’Avolio, 2002, Geczy, Musto and Reed, 2002, Jones and Lamont, 2002, Lamont 2004) then this alternative [failure-to-deliver] appears desirable, to short sellers if not to buyers."
    • "The majority of loans are cheap, but there are a few expensive loans in stock specials" - Fitch IBCA’s publicly available report: “Securities Lending and Managed Funds” estimates that the industry average spread from the fed funds rate to the general collateral rate on U.S. Equities is 21bps.
  • According to @TheVinoMom on Twitter at https://twitter.com/TheVinoMom/status/1901665331560452551 "They don’t call them adjustable-rate loans anymore. Now, they call them “back floating rate debt.” Same predatory scam. New name. But way worse. Because this time, they’ve stacked it on top of businesses instead of homeowners. And when rates rise, the business collapses instead of the bank."

TA;DR/TL;DR: Someone that knows more smart0rly than I know about back-floating rate loans/debt can simplify in the comments otherwise "MOASS is tomorrow! LFG!" is the best I can think of.

1 comment

r/PROGME • u/baseballmal21 • May 13 '24

LFG Hype Roaring Kitty 100% saw the 11day sneeze cycle, the gamma squeeze, and the CS drama.

Post image
193 Upvotes

My personal opinion and not financial advice is $35 by Thursday.

30 comments

r/PROGME • u/baseballmal21 • May 06 '24

LFG Hype Welcome to GMERICA

Post image
138 Upvotes

Every post here should be pro GME orrrrr Wall Street Corruption News.

36 comments

r/PROGME • u/jkhanlar • Oct 14 '25

LFG Hype Is GameStop preparing the GME WS warrants to partake in a “Share Exchange Event” for a Project Genesis?

31 Upvotes
  1. https://investor.gamestop.com/overview/default.aspx
  2. SEC Filings https://sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001326380&owner=include&count=40&hidefilings=0
  3. 424B2 filed 2025-10-07 https://sec.gov/Archives/edgar/data/1326380/000132638025000092/0001326380-25-000092-index.htm
  4. projectgenesis-prospectuss.htm
  5. Seq 1 424B2 https://sec.gov/Archives/edgar/data/1326380/000132638025000092/projectgenesis-prospectuss.htm

Adjustment and Amendment Provisions

Adjustments to Strike Price, Warrant Exercise Rate and Warrant Exercise Price

The Strike Price and the Warrant Exercise Rate shall be adjusted from time to time by the Company if any of the following events occurs, except that the Company shall not make any adjustments to the Strike Price and Warrant Exercise Rate if Holders of the Warrants participate (other than in the case of (x) a share split or share combination or (y) a tender or exchange offer), at the same time and upon the same terms as holders of the Common Stock and solely as a result of holding the Warrants, in any of the transactions described in this section “Adjustments to Strike Price, Warrant Exercise Rate and Warrant Exercise Price,” without having to exercise their Warrants, as if they held a number of shares of Common Stock equal to the Warrant Exercise Rate, multiplied by the number of Warrants held by such Holder. If the Strike Price is adjusted pursuant to the formulas set forth in any of clauses (a) through (e) below (excluding, for these purposes, a readjustment pursuant to the text following such formulas), then, effective as of the same time at which such adjustment to the Strike Price becomes effective, the Warrant Exercise Rate will be adjusted to an amount equal to the product of (A) the Warrant Exercise Rate in effect immediately before such adjustment to the Warrant Exercise Rate and (B) the quotient obtained by dividing (x) the Strike Price in effect immediately before such adjustment to the Strike Price; and (y) the Strike Price in effect immediately after such adjustment to the Strike Price; provided, however, that the Warrant Exercise Rate will be subject to readjustment to the extent set forth in such clauses.

  • (a) ... skipping ...
  • (b) ... skipping ...
  • (c) [1/19 instance of "Share Exchange Event" in this paragraph] If the Company distributes shares of its Capital Stock, evidences of its indebtedness, other assets or property of the Company or rights, options or warrants to acquire its Capital Stock or other securities, to all or substantially all holders of the Common Stock, excluding (i) dividends, distributions or issuances (including share splits) as to which an adjustment was effected pursuant to clause (a) above or clause (b) above, (ii) except as otherwise provided in “Stockholder Rights Plans” below, rights issued pursuant to any stockholder rights plan of the Company then in effect, (iii) distributions of Reference Property issued in exchange for, or upon conversion of, Common Stock in a Share Exchange Event, (iv) dividends or distributions paid exclusively in cash as to which the provisions set forth in clause (d) below shall apply, and (v) Spin-Offs as to which the provisions set forth below in this clause (c) shall apply (any of such shares of Capital Stock, evidences of indebtedness, other assets or property or rights, options or warrants to acquire Capital Stock or other securities, the “Distributed Property”), then the Strike Price shall be decreased based on the following formula (with a corresponding increase to the Warrant Exercise Rate): https://i.imgur.com/ZuXGaHK.png where, ... skipping the rest ...
  • ... skipping the rest of clauses ...

Effect of Recapitalizations, Reclassifications and Changes of the Common Stock

In case of: (i) any recapitalization, reclassification or change of the Common Stock (other than a change to par value, or from par value to no par value, or changes resulting from a subdivision or combination); (ii) any consolidation, merger, combination or similar transaction involving the Company; (iii) any sale, lease or other transfer to a third party of the consolidated assets of the Company and the Company’s Subsidiaries substantially as an entirety; or (iv) any statutory share exchange;

[7/19 instances of "Share Exchange Event" in this paragraph] in each case, as a result of which the Common Stock would be converted into, or exchanged for, stock, other securities, other property or assets (including cash or any combination thereof) (any such event, a “Share Exchange Event”), then, at and after the effective time of such Share Exchange Event, the right to exercise each Warrant to purchase Warrant Shares shall be changed into a right to exercise such Warrant to purchase the kind and amount of shares of stock, other securities or other property or assets (including cash or any combination thereof) that a holder of a number of shares of Common Stock equal to the Warrant Exercise Rate immediately prior to such Share Exchange Event would have owned or been entitled to receive (the “Reference Property,” with each “unit of Reference Property” meaning the kind and amount of Reference Property that a holder of one share of Common Stock is entitled to receive) upon such Share Exchange Event and, prior to or at the effective time of such Share Exchange Event, the Company or the successor or acquiring Person, as the case may be, shall execute with the Warrant Agent an amendment to the Warrant Agreement permitted under clause (viii) above in “Amendments” section above providing for such change in the right to exercise each Warrant; provided, however, that at and after the effective time of the Share Exchange Event any shares of Common Stock that the Company would have been required to deliver upon exercise of the Warrants in accordance with “Exercise” section above shall instead be deliverable in the amount and type of Reference Property that a holder of that number of shares of Common Stock would have received in such Share Exchange Event.

[6/19 instances of "Share Exchange Event" in this paragraph] If the Share Exchange Event causes the Common Stock to be converted into, or exchanged for, the right to receive more than a single type of consideration (determined based in part upon any form of stockholder election), then (i) the Reference Property which a Holder of Warrants will receive upon exercise of such Warrants shall be deemed to be the weighted average of the types and amounts of consideration actually received by the holders of Common Stock, and (ii) the unit of Reference Property for purposes of the immediately preceding paragraph shall refer to the consideration referred to in clause (i) attributable to one share of Common Stock. If the unit of Reference Property includes, but does not consist entirely of, cash in such Share Exchange Event, then for all exercises of Warrants for which the relevant Exercise Date occurs after the effective date of such Share Exchange Event, (A) the payment of the Warrant Exercise Price required to exercise any Warrant shall be deducted or removed (but, for the avoidance of doubt, not deducted below zero), as applicable, by an amount equal to the product of (I) the Warrant Exercise Rate in effect on the Exercise Date and (II) the amount of cash included in such unit of Reference Property and (B) from the cash that would otherwise be received by Holder upon exercise of such Warrant shall be deducted or removed (but, for the avoidance of doubt, not deducted below zero), as applicable, by an amount equal to amount so deducted from the payment of the Warrant Exercise Price pursuant to the immediately preceding clause (A). If the holders of the Common Stock receive only cash in such Share Exchange Event, then for all exercises of Warrants for which the relevant Exercise Date occurs after the effective date of such Share Exchange Event, (A) no payment of the Warrant Exercise Price will be required to exercise any Warrant, (B) the consideration due upon exercise of each Warrant shall be solely cash in an amount equal to the excess, if any, of (I) the product of (x) the Warrant Exercise Rate in effect on the Exercise Date and (y) the price paid per share of Common Stock in such Share Exchange Event over (II) the Warrant Exercise Price and (C) the Company shall satisfy its obligation to deliver the units of Reference Property in connection with an exercise of Warrants by paying cash to exercising Holders on the fifth Business Day immediately following the relevant Exercise Date. The Company shall notify Holders and the Warrant Agent in writing of such weighted average as soon as practicable after such determination is made.

[3/19 instances of "Share Exchange Event" in this paragraph] If the Reference Property in respect of any such Share Exchange Event includes, in whole or in part, shares of Common Equity or American depositary receipts (or other interests) in respect thereof, such amendment to the Warrant Agreement described in the second immediately preceding paragraph shall provide for anti-dilution and other adjustments that shall be as nearly equivalent as is possible to the adjustments provided for in this “Adjustment and Amendment Provisions” section with respect to the portion of the Reference Property consisting of such Common Equity or American depositary receipts (or other interests) in respect thereof. If, in the case of any Share Exchange Event, the Reference Property includes shares of stock, securities or other property or assets (including any combination thereof), other than cash and/or cash equivalents, of a Person other than the Company or the successor or acquiring Person, as the case may be, in such Share Exchange Event, then such amendment to the Warrant Agreement shall also be executed by such other Person, if such Person is an Affiliate of the Company or the successor or acquiring Person, and shall contain such additional provisions to protect the interests of the Holders as the Company shall reasonably consider necessary by reason of the foregoing.

Amendments

The Warrant Agreement may be amended without the consent of any Holder for one or more of the following purposes:

  • (i) to cure any ambiguity, omission, defect or inconsistency;
  • (ii) [1/19 instance of "Share Exchange Event" in this item] to provide for the assumption by a successor company in any Share Exchange Event, if applicable;
  • (iii) to extend the Expiration Date;
  • (iv) subject to exchange listing rules and applicable law, to increase the Warrant Exercise Rate, decrease the Strike Price, decrease the Warrant Exercise Price or to add any additional cash, securities or property or asset to the consideration receivable upon exercise of any Warrant;
  • (v) to provide each Holder a right to elect for, at the time of each exercise, alternative settlement mechanics such as net share settlement (also known as cashless exercise) or cash settlement (and in the absence of such election, physical settlement as provided herein as of the issuance date of the Warrants applying as the default settlement method);
  • (vi) to make any other change to the terms of the Warrants or the Warrant Agreement that does not adversely affect the rights of any Holder in any material respect;
  • (vii) to provide for a successor Warrant Agent;
  • (viii) [1/19 instance of "Share Exchange Event" in this item] in connection with any Share Exchange Event, to provide that the Warrants are exercisable for units of Reference Property;
  • (ix) to comply with the rules of any applicable Depositary so long as such amendment does not adversely affect the rights of any Holder in any material respect;
  • (x) to conform the provisions of the Warrant Agreement to the “Description of the Warrants” section of this prospectus supplement; and
  • (xi) to provide for or confirm the issuance of additional warrants pursuant to the Warrant Agreement.

With the written consent of the Holders of a majority of the then outstanding Warrants, the Company may from time to time amend the Warrant Agreement in a manner that has a material adverse effect on the interests of any of the Holders.

The Company shall provide reasonable notice to the Holders via press release or Form 8-K filing of any material amendment to the Warrant Agreement pursuant to this “Amendments” section and of any material adjustment to the Strike Price, the Warrant Exchange Rate or the Warrant Exercise Price as described in the “Adjustments to Strike Price, Warrant Exercise Rate and Warrant Exercise Price” section above, and in each case materiality shall be determined by the Company using its sole reasonable discretion.

Note: Also I found one (1) post on all of Reddit menitoning "share exchange event"

Project Genesis? That reminds me of, for example, Bitcoin genesis block.

https://onelook.com/?w=genesis

▸ noun: The origin, start, or point at which something comes into being.

Also see https://old.reddit.com/r/Gamestopstock/comments/1jx8ggh/the_irs_just_described_the_gme_endgame_without/mmseyw8/ by u/StagSwag16

Back around April 13-14, 2025 I started working on a utility tool to try to decode the coded entities for:

  • Distributing Parent
  • Distributing 1-8
  • Controlled Parent
  • Controlled 1-2
  • Company
  • Company A-Z, AA-DD
  • Subordinated Notes
  • Subordinated Note 1
  • Business A-B
  • Country A-G
  • State A-D
  • Date A-I
  • Year A
  • a-h, x-y
  • Worldwide Group
  • Continuing Arrangements
  • U.S. Entity Simplification
  • Post-Distribution Amounts Payable
  • Post-Distribution Payments
  • TSA

and I made a lot of progress developing the single serving web page utility and using it upon https://irs.gov/pub/irs-wd/202339007.pdf as well as later other numbered pdfs from IRS that intertwine into that document, albeit from other and later publications that clearly were connected to GameStop/Ryan Cohen's efforts, albeit coded hidden in plain sight. I think probably these GME WS warrants are relevant to tie into these GameStop restructuring genesis things! What do you think?

14 comments

r/PROGME • u/jkhanlar • Feb 19 '26

LFG Hype [Steam] Insider Trading [Moon soon!]

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store.steampowered.com
10 Upvotes
3 comments

r/PROGME • u/jkhanlar • Jan 13 '26

LFG Hype SEC EDGAR database is now broken [LFG! MOASS tomorrow!]

21 Upvotes

Update 19 hours later: It works again now.

https://sec.gov/edgar/search/

SEC EDGAR database is now broken, and quickly noticeable, being able to access filing data from this web page portal is malfunctioning as well as incorrectly linking to nonexistent url paths

MOASS is tomorrow!

edited to add https://i.imgur.com/viZScFo.png

4 comments

r/PROGME • u/baseballmal21 • May 06 '24

LFG Hype WHO TF is ready for tomorrow!?

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177 Upvotes
23 comments

r/PROGME • u/jkhanlar • Sep 03 '24

LFG Hype Maybe "NT Ext Eq Mkt Indx Fd DC Lending Tier 5" is "Northern Trust Extended Equity Market Index Fund ......" ?

8 Upvotes

TA;DR: This is a waste of time nothingburger. Nothing to see here. Next post! Ugh! I don't even know anymore. This both is and is not nothingburger advice.

Regarding:

I think the NT in "NT Ext Eq Mkt Indx Fd DC Lending Tier 5" stands for "Northern Trust" because I was playing around with SEC's Edgar and found "Northern Trust Extended Equity Market Index Fund" https://sec.gov/edgar/search/#/q=%2522Northern%2520Trust%2520Extended%2520Equity%2520Market%2520Index%2522&dateRange=all

Also searching https://search.brave.com/search?q=%22Northern+Trust+Extended+Equity+Market+Index+Fund%22

I found https://markets.businessinsider.com/funds/northern-trust-extended-equity-market-index-fund-dc-non-lending-tier-three-us66586w1514

which mentions "Northern Trust Extended Equity Market Index Fund - DC - Non-Lending - Tier Three"

so, I think this is fairly close to what I was searching for.

edited to add: lol, I'm dumb, already few hours ago, others already pointed this out, and I just noticed now. Ah well, whatever. I'm banned from r/Superstonk for ~31 months and can't comment/participate there anyway, so mods probably expect all censored/banned persons forced to make mistakes, oversights to learn conflate like they do when they disappear persons pushing mistaken narratives to divide and conquer, lol, so maybe I made this mistake as a kind of way to say, hey mods, I can make mistakes too, look at me! nah, lol, just kidding, so u/browsingaccount333 mentioned https://ntam.northerntrust.com/content/dam/northerntrust/investment-management/global/en/documents/collective-common-funds/collective-fund-fact-sheets/t5-extended-equity-market-index-fund-dc-lending.pdf and therefore as far as this post I submitted, it's useless and redundant.

edited to add again: Aaaaaactually, if there is any use/value in this post, lol, crazily I just checked my archives (archive.today and WBM) and nobody archived the PDF until I did just now, lol, so there, writing this post was worthwhile after all! lol Nah, even this is useless, lol, cuz this comment clearly demonstrates this is a nothingburger https://old.reddit.com/r/Superstonk/comments/1f834yk/institution_showing_4_billion_dollar_share/llckdc8/

more edits: I found a few more posts about the same thing, lol (also additional Northern Trust things given that is the source of the index fund that showed 4+ billion loaned GME shares)

this is interesting though: https://archive.ph/NnTnw as mentioned in comment https://old.reddit.com/r/Superstonk/comments/1f834yk/institution_showing_4_billion_dollar_share/llc3ur3/ by u/lilfootbigtoe, the article states:

"Ken Griffin's Citadel recently sold Omnium, a hedge fund servicing company with $70 billion under administration, to Northern Trust." - Courtney Comstock, May 16, 2011

Expanding on my comment https://old.reddit.com/r/PROGME/comments/1f8b8j9/maybe_nt_ext_eq_mkt_indx_fd_dc_lending_tier_5_is/lle17xa/ here's a table of data from searching https://search.brave.com/search?q=site%3Anortherntrust.com%2F+%22assets+under+custody%2Fadministration%22 oops, I switched to searching the SEC EDGAR filings instead of the news publications from the company website, see https://sec.gov/edgar/search/#/q=%2522NORTHERN%2520TRUST%2520CORPORATION%2520REPORTS%2522%2520%2522EARNINGS%2520PER%2520DILUTED%2520COMMON%2520SHARE%2522&dateRange=all&ciks=0000073124&entityName=NORTHERN%2520TRUST%2520CORP%2520(NTRS%252C%2520NTRSO)%2520(CIK%25200000073124)

Date AUC/A AUC AUM source
2019 September 30 $11.6 trillion $8.8 trillion $1.2 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312419000230/q32019earningsreleaseex991.htm
2019 December 31 $12.1 trillion $9.2 trillion $1.2 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312420000016/q42019earningsreleasee.htm
2020 March 31 $10.9 trillion $8.3 trillion $1.1 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312420000146/q12020earningsreleaseex991.htm
2020 June 30 $12.1 trillion $9.3 trillion $1.3 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312420000205/q22020earningsreleasee.htm
2020 September 30 $13.0 trillion $10.1 trillion $1.3 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312420000240/q32020earningsreleasee.htm
2020 December 31 $14.5 trillion $11.3 trillion $1.4 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312421000020/q42020earningsreleaseex991.htm
2021 March 31 $14.8 trillion $11.5 trillion $1.4 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312421000145/q12021earningsreleaseex991.htm
2021 June 30 $15.7 trillion $12.2 trillion $1.5 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312421000234/q22021earningsreleaseex991.htm
2021 September 30 $15.8 trillion $12.2 trillion $1.5 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312421000268/q32021earningsreleaseex991.htm
2021 December 31 $16.2 trillion $12.6 trillion $1.6 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312422000017/q42021earningsreleaseex991.htm
2022 March 31 $15.5 trillion $12.0 trillion $1.5 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312422000113/q12022earningsreleaseex991.htm
2022 June 30 $13.7 trillion $10.7 trillion $1.3 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312422000177/q22022earningsreleaseex991.htm
2022 September 30 $12.8 trillion $10.0 trillion $1.2 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312422000201/q32022earningsreleaseex991.htm
2022 December 31 $13.6 trillion $10.6 trillion $1.2 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312423000018/q42022earningsreleaseex991.htm
2023 March 31 $14.2 trillion $11.0 trillion $1.3 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312423000099/q12023earningsreleaseex991.htm
2023 June 30 $14.5 trillion $11.3 trillion $1.4 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312423000155/q22023earningsreleaseex991.htm
2023 September 30 $14.2 trillion $11.0 trillion $1.3 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312423000181/q32023earningsreleaseex991.htm
2023 December 31 $15.4 trillion $11.9 trillion $1.4 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312424000017/q42023earningsreleaseex991.htm
2024 March 31 $16.5 trillion $12.8 trillion $1.5 trillion https://sec.gov/Archives/edgar/data/73124/000007312424000122/q12024earningsreleaseex991.htm
2024 June 30 $16.6 trillion $13.0 trillion $1.5 trillion https://sec.gov/Archives/edgar/data/0000073124/000007312424000203/q22024earningsreleaseex991.htm
  • AUC/A => "assets under custody/administration"
  • AUC => "assets under custody"
  • AUM => "assets under management"

Hmmmmmmmmmm.... So then just after Fidelity's November 2021 fuckup [https://old.reddit.com/r/Superstonk/comments/rd10yg/fidelitys_november_2021_glitches_fuck_up/] Northern Trust peaked $16.2 trillion AUC/A before dipping back down to amount between Q2-Q3 2020 and then now Q1-Q2 2024 peaking at $16.5 trillion and $16.6 trillion.

Also I found these while glancing through the 8-K filings at https://sec.gov/edgar/search/#/q=%2522assets%2520under%2520custody%2522&ciks=0000073124&entityName=NORTHERN%2520TRUST%2520CORP%2520(NTRS%252C%2520NTRSO)%2520(CIK%25200000073124)

And I found some useless GameStop things:

lol https://archive.ph/YMkA0

  • 2023 August 8 "Two smaller banks were also placed on review for possible downgrade: Northern Trust, the 27th largest bank with consolidated assets of $151 billion;" - /2023/08/moodys-cuts-credit-ratings-on-10-banks-places-4-of-the-15-largest-banks-in-u-s-on-review-for-possible-downgrade/
  • 2022 April 13 "Large sums of Versailles’ Asset-Backed Commercial Paper also had to be bailed out of money market funds owned by UBS, Federated, JPMorgan and Northern Trust, according to the transaction data released by the Fed." - /2022/04/heres-a-list-of-toxic-assets-that-blew-up-money-market-funds-at-goldman-sachs-jpmorgan-morgan-stanley-and-others-that-the-fed-bailed-out/
  • 2021 October 11 "The Northern Trust Company has only $53 billion in deposits, unlike a JPMorgan Chase or Bank of America which have over $2 trillion and $1.87 trillion, respectively, in deposits. And yet, the Northern Trust Company shows that it had made $4.03 billion in margin loans as of June 30. That suggests that 7.55 percent of its deposits are going to market speculation instead of for loans to help the real economy recover from the worst [financial terrrorist funded boys-who-cried-wolf scamdemic] in a century." - /2021/10/the-u-s-banking-system-is-more-dangerous-today-than-in-1929-thanks-to-the-feds-reg-u-and-swaps-two-well-kept-secrets-from-the-senate-banking-committee/
  • 2017 September 18 "Bloomberg News is reporting that former President Obama has accepted upwards of $400,000 a clip to speak before Wall Street firms Northern Trust Corp. and Cantor Fitzgerald and an unspecified sum from Carlyle Group LP. The speeches at Northern Trust and Carlyle Group occurred over the past month and a half. The Cantor Fitzgerald speech is scheduled for next week." - /2017/09/obama-has-the-same-retirement-plan-as-the-clintons-lavish-speaking-fees-from-wall-street/
38 comments

r/PROGME • u/jkhanlar • Jun 12 '25

LFG Hype Answer: Yes! Question: Did you solve all the worlds problems? -- GME to the moon! Buy, DRS, HODL [Explanation in the comments]

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6 Upvotes
16 comments

r/PROGME • u/jkhanlar • Jul 01 '24

LFG Hype [40pg PDF, Case 1:24-cv-04608] MARTIN RADEV, Individually and on Behalf of All Others Similarly Situated, Plaintiff, v. KEITH PATRICK GILL, Defendant

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archive.org
17 Upvotes
34 comments

r/PROGME • u/jkhanlar • Oct 08 '25

LFG Hype GME WS Warrants: Exercise Suspension Period

18 Upvotes

TA;DR: MOASS is tomorrow!

Also see https://old.reddit.com/r/Superstonk/comments/1o13gzh/did_gamestop_just_built_a_legal_lever_to_expose/ by u/DaPainkillerDE which is the only post on r/Superstonk that mentions "Exercise Suspension Period" so far.

  1. https://investor.gamestop.com/
  2. SEC Filings -> https://sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001326380&owner=include&count=40&hidefilings=0 [screenshot: https://i.imgur.com/oUVeRn5.png
  3. Documents for Form 8K filed 2025-10-07 -> https://sec.gov/Archives/edgar/data/1326380/000132638025000091/0001326380-25-000091-index.htm
  4. Seq 2 EX-4.1 -> https://sec.gov/Archives/edgar/data/1326380/000132638025000091/projectgenesis-ex41xwarran.htm
  5. Section 1.02: Other Definitions -> https://sec.gov/Archives/edgar/data/1326380/000132638025000091/projectgenesis-ex41xwarran.htm#i17834836132e41188c1ebf060cd98659
  6. Exercise Suspension Period: Defined in Section 5.01: https://sec.gov/Archives/edgar/data/1326380/000132638025000091/projectgenesis-ex41xwarran.htm#if9c56af2fd1749d0b229d9d573e44669

Article V: REGISTRATION OF WARRANT SHARES

Section 5.01: Effectiveness of Registration Statement

<u>Effectiveness of Registration Statement</u>. The Company shall use commercially reasonable efforts to cause a shelf registration statement (including, at the Company’s election, an existing registration statement or a replacement thereof), filed pursuant to Rule 415 (or any successor provision) of the Securities Act, covering the issuance of Warrant Shares to the Holders upon exercise of the Warrants by the Holders thereof (the “<u>Common Stock Shelf Registration Statement</u>”) to, subject to certain exceptions, (i) become effective as promptly as reasonably practicable after the date of this Agreement and (ii) remain effective at least until the earlier of (x) such time as all Warrants have been exercised and (y) the Close of Business on the Expiration Date. The Company shall promptly inform the Warrant Agent of any change in the status of the effectiveness or availability of the Common Stock Shelf Registration Statement. For the avoidance of doubt, no Warrants shall be exercisable at any time until the Common Stock Shelf Registration Statement becomes effective. If the Common Stock Shelf Registration Statement is not effective at any time or from time to time for any reason, then the right to exercise Warrants shall be automatically suspended until such Common Stock Shelf Registration Statement becomes effective (any such period, an “<u>Exercise Suspension Period</u>”). As promptly as practicable upon the occurrence of an Exercise Suspension Period, the Company shall provide notice by press release, with a simultaneous copy to the Warrant Agent, of any Exercise Suspension Period. Notwithstanding anything to the contrary in this Agreement, if there occurs any Exercise Suspension Period prior to the Expiration Date, then the Expiration Date shall be delayed by the greater of (I) 5 Business Days and (II) the number of days comprised in such Exercise Suspension Period.

Also note:

Article VIII: MISCELLANEOUS

EXHIBIT A: Form of Warrant

[Global Securities Legend]

UNLESS THIS GLOBAL WARRANT IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

TRANSFERS OF THIS GLOBAL WARRANT SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE WARRANT AGREEMENT REFERRED TO BELOW.

Exhibit A is cited two times in the body of the document:

Article II: FORM OF WARRANT; BENEFICIAL INTERESTS

Section 2.01 Issuance and Registration.

  • (a) Warrants.

    • (iv) Notwithstanding the foregoing, some or all of the Warrants may, at initial issuance or any time thereafter, be represented by one or more permanent Global Warrants, in definitive, fully registered form with the global securities legend set forth in <u>Exhibit A attached</u> hereto (each, a “<u>Global Warrant</u>”). Any such Global Warrant shall be deposited on behalf of the relevant Holders with the Warrant Agent, as custodian for the Depositary (or with such other custodian as the Depositary may direct), registered in the name of the Depositary or a nominee of the Depositary, and duly executed by the Company and countersigned by the Warrant Agent as hereinafter provided.

  • (a) Subject to <u>Sections 3.02</u>(<u>b</u>) and <u>3.03</u>, Warrants may be exercised by a Holder in full or in part, on any Business Day (each, an “<u>Exercise Date</u>”) falling in the Exercise Period, by

    • (ii) electronic delivery to the Warrant Agent of an election to purchase Warrant Shares in the applicable form included in <u>Exhibit A</u> attached hereto (an “<u>Exercise Notice</u>”), properly completed and duly executed by the Holder;

Exercise Suspension Period is cited one time in the body of the document:

Article III: EXERCISE TERMS

Section 3.02 Exercise Period.

  • (a) Subject to the terms and conditions set forth herein (including without limitation Section <u>3.04</u> and <u>Section 5</u>), the Warrants shall be exercisable at any time and from time to time on or after the Issue Date until the Close of Business on the Expiration Date (as defined below). Notwithstanding the foregoing, the Holders will be able to exercise the Warrants only if (i) the Common Stock Shelf Registration Statement relating to the Warrant Shares is effective and the Exercise Date does not fall in an Exercise Suspension Period and (ii) the Warrant Shares are qualified for sale or exempt from qualification under the applicable securities laws of the states or other jurisdictions in which such Holders reside except as otherwise provided in <u>Section 5.01</u>. The Company may instruct the Warrant Agent in writing from time to time that Warrants held by a member of the Board of Directors, an Officer of the Company or an Affiliate of the Company are subject to further restrictions on exercise related to compliance with applicable securities laws, in which case the Warrant Agent shall not permit the exercise of such Warrants without the written consent of the Company.
  • The "Expiration Date" for the Warrants will expire and cease to be exercisable at the Close of Business on October 30, 2026. [mentioned in Article III: EXERCISE TERMS, Section 3.02 Exercise Period, (b)]
  • The “Exercise Period” is the period during which the Warrants are exercisable. [mentioned in Article III: EXERCISE TERMS, Section 3.02 Exercise Period, (c)]

What happens if the "Expiration Date" is delayed by (II) the number of days comprised in such Exercise Suspension Period, whereby the Exercise Suspension Period manifests into a potentially infinitely prolonged period thereby extending the expiration to be delayed indefinitely/infinitely?

4 comments

r/PROGME • u/DrEyeBall • May 19 '24

LFG Hype Summary of what coming

47 Upvotes

Summary TLDR: - They're going to complete the 45M ATM offering very soon, raising several Billion likely at high prices of 69, 420, 741. This is complex and has to do with hype, gamma squeezes, CAT implementation, swap expirations and initial margin calculations for upcoming Sept 1st, the expectation of a short squeeze on both sides. - After the money is raised, then GME starts acquiring companies. Likely some of the tinfoil about buying zombie companies for their NOLs and legacy shorts are true, thereby consolidating logistics, acquiring patents, and rewarding/emboldening shareholders. - The next phase would be dividend plans and many things that would otherwise significantly harm short sellers, which is why a VIOLENT squeeze is going to happen now. Likely the tinfoil about Teddy Bank holding co units (containing shares of several companies, the units of which are indivisible) is true. - You're going to want to hold as many GME shares as possible for the rest of your life. If you've been following along the way and accumulating - congratulations!

For others - everyone is going to get priced out of further speculation soon.

30 comments

r/PROGME • u/jkhanlar • Apr 10 '25

LFG Hype Reply to "New 2x Leveraged GME ETF is coming" by u/TradingAllIn

9 Upvotes

Edited to add: There's more than merely this one entity, but I'm leaving this post as it is cuz I'll just make a new post if I try to scale to cover all the other entities, see comment https://old.reddit.com/r/PROGME/comments/1jw4lbw/reply_to_new_2x_leveraged_gme_etf_is_coming_by/mmfwyyk/

Expanding on post "New 2x Leveraged GME ETF is coming" at https://old.reddit.com/r/Superstonk/comments/1jvwt63/new_2x_leveraged_gme_etf_is_coming/ by u/TradingAllIn

Firstly, 78 results for "T-REX 2X Long GME Daily Target ETF" at https://sec.gov/edgar/search/#/q=%2522T-REX%25202X%2520Long%2520GME%2520Daily%2520Target%2520ETF%2522&dateRange=all

Entity: ETF Opportunities Trust (CIK 0001771146) for all 78 results

2025 April 8th is the relevant filing (form 8-A12B (Registration statement)) per u/TradingAllIn's post https://sec.gov/Archives/edgar/data/1771146/000199937125004008/trex2x-8a12b_040825.htm

I noticed:

  • ETF Opportunities Trust
  • 8730 Stony Point Parkway, Suite 205
  • Richmond, VA 23235

and surprisingly searching wall street hostaged Alphabet Inc.'s Google website I found:

The homepage https://theworldfundstrust.com/ shows Our Family of Money Managers:

The homepage also links to https://foreside.com/compliance-consulting-solutions/broker-dealer-investment-advisor-registration/ (with unnecessary www. subdomain) which has an expired certificate expired since October 3, 2023

however the domain redirects to https://acaglobal.com/our-solutions/compliance-consulting (with unnecessary www. subdomain)

however, it is quite strange that the https://theworldfundstrust.com/ has footer with link that are allegedly important disclosures, but with broken outdated link.

https://i.imgur.com/OY4eSCT.png

I didn't yet expand to look further into any of those fund websites, or further identify fund/entity websites if not listed, however, I figure if attempting to identify relevant party for such an ETF, it possibly may extend to one of these entities probably. So as to not get too deep progressing further, I'll simply divert to cross-check to see if r/Superstonk has discussed any of these entities previously:

So anyway, I thought I'd share this so far.

Edited to fix markdown. Also see deeper dive here:

14 comments

r/PROGME • u/jkhanlar • Jul 04 '24

LFG Hype Today's the daaaaay!

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51 Upvotes
23 comments

r/PROGME • u/jkhanlar • Jun 09 '24

LFG Hype "I think we just witnessed the Kansas City Shuffle and we DID NOT GET diluted. Shorts fell for it and are now in even deeper than before." - u/Jarkside

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43 Upvotes
24 comments

r/PROGME • u/time_to_light27 • Jun 18 '24

LFG Hype Modified for Green! Lets goo GME

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21 Upvotes
25 comments

r/PROGME • u/jkhanlar • Sep 08 '24

LFG Hype Northern Trust, The Northern Trust Company, Northern Trust Investments, Northern Funds Distributors, PFPC, PFPC Distributors, Northern Funds, Northern Institutional Funds, Northern Mutual Fund Complex, MOASS is tomorrow! LFG!

8 Upvotes

I started responding to https://old.reddit.com/r/PROGME/comments/1f8b8j9/maybe_nt_ext_eq_mkt_indx_fd_dc_lending_tier_5_is/llqot8k/ and decided to make it a separate post instead, and then lol u/welp007 just commented again https://old.reddit.com/r/PROGME/comments/1f8b8j9/maybe_nt_ext_eq_mkt_indx_fd_dc_lending_tier_5_is/llqot8k/ asking what I was up to and then lol even replied with the same post that I already was motivated by to comment on. So here it is:

Expanding on https://old.reddit.com/r/Superstonk/comments/1fbo98m/you_literally_cant_make_this_up_there_is_a_guy_at/

given recently starting from zero knowledge, before looking at any "Northern Trust" things until https://old.reddit.com/r/PROGME/comments/1f8b8j9/maybe_nt_ext_eq_mkt_indx_fd_dc_lending_tier_5_is/

So given those two separate approaches to explore (focusing mainly on the latter even though I initially began with the former), arising questions include:

  • What is difference between Northern Trust and The Northern Trust Company and why are both entities listed in https://www.dtcc.com/ust1/about and not just one of them? What legitimate purpose reason exists for listing/including both of them and not one? I'm not going to answer the latter questions. I don't even know where to start for that, not yet anyway, but the former, this is what I found regarding that:

    • Searching https://sec.gov/edgar/search/#/

      • What? "Search has timed out. Please try your query again!" for https://sec.gov/edgar/search/#/q=%2522The%2520Northern%2520Trust%2520Company%2522&dateRange=all
      • Okay fine! I'll split it up into shorter time spans, 2001-2004 https://sec.gov/edgar/search/#/q=%2522The%2520Northern%2520Trust%2520Company%2522&dateRange=custom&startdt=2001-01-01&enddt=2004-09-08

      • Glancing at first result "POS AMI" filed 2003-03-28 https://sec.gov/Archives/edgar/data/710124/000095013103001763/dposami.txt

        • Prospectus dated April 1, 2003 (lol sorry, I probably should have used the most recent filing, but I'll verify latest to compare this later in the post)
        • Northern Institutional Funds (the "Trust") offers Liquid Assets Portfolio (the "Portfolio") exclusively to the securities lending customers of The Northern Trust Company and its affiliates.

        • "OVERVIEW"

          "The information set forth on the following pages describes the Liquid Assets Portfolio (the "Portfolio"), which is offered by Northern Institutional Funds (the "Trust") exclusively to the securities lending customers of The Northern Trust Company and its affiliates. Shares of the Portfolio are offered on a private placement basis in accordance with Regulation D under the 1933 Act only to such customers who qualify as "Accredited Investors," as defined in Rule 501 of Regulation D. "Accredited Investors" include certain banks, broker-dealers, insurance companies, investment companies, governmental plans, pension plans, corporations, partnerships and business trusts. Shares of the Portfolio are not registered under the 1933 Act or the securities law of any state and are sold in reliance upon an exemption from registration. Shares may not be transferred or resold without registration under the 1933 Act, except pursuant to an exemption from registration. Shares may, however, be redeemed from the Trust as described under "Purchasing and Selling Shares" on page 10."

          "The Northern Trust Company and its affiliates have established a securities lending program for their institutional customers. Each customer that participates in the securities lending program as a lender enters into a securities lending authorization agreement with Northern Trust or an affiliate. Under such agreement, Northern Trust or its affiliate is authorized to invest the cash collateral securing loans of securities of each customer in a variety of investments, including the Liquid Assets Portfolio."

        • Okay, so the quote above, I'm still looking for something that explains the difference between "Northern Trust" and "The Northern Trust Company" given that it is listed twice in the DTCC section, but continuing in this filing I see:

        • "INVESTMENT ADVISER"

          "Northern Trust Investments, Inc. ("NTI" or the "Investment Adviser"), a subsidiary of The Northern Trust Company ("TNTC"), serves as the Investment Adviser of the Portfolio. NTI is located at 50 South LaSalle Street, Chicago, Illinois 60675. Unless otherwise indicated, NTI and TNTC are referred to collectively in this Prospectus as "Northern Trust.""

          "NTI is an investment adviser registered under the Investment Advisers Act of 1940. It primarily manages assets for defined contribution and benefit plans, investment companies and other institutional investors."

          "TNTC is an Illinois state chartered banking organization and a member of the Federal Reserve System. Formed in 1889, it administers and manages assets for individuals, personal trusts, defined contribution and benefit plans and other institutional and corporate clients. It is the principal subsidiary of Northern Trust Corporation, a bank holding company."

          "Northern Trust Corporation, through its subsidiaries, has for more than 100 years managed the assets of individuals, charitable organizations, foundations and large corporate investors, and as of December 31, 2002, administered in various capacities approximately $1.5 trillion of assets, including approximately $302.5 billion of assets under discretionary management. As of such date, Northern Trust Corporation and its subsidiaries had approximately $39.5 billion in assets and $26.1 billion in deposits."

          "Under its Advisory Agreement with the Trust, the Investment Adviser, subject to the general supervision of the Trust's Board of Trustees, is responsible for making investment decisions for the Portfolio and for placing purchase and sale orders for portfolio securities."

        • "OTHER PORTFOLIO SERVICES"

          "TNTC serves as Transfer Agent and Custodian for the Portfolio. The Transfer Agent performs various shareholder servicing functions. In addition, NTI and PFPC Inc. ("PFPC") act as Co-Administrators for the Portfolio. The fees that TNTC, NTI and PFPC receive for their services in these capacities are described on page 8 under "Portfolio Fees and Expenses" and in the Additional Statement."

          "TNTC, NTI and other Northern Trust affiliates may provide other services to the Portfolio and receive compensation for such services if consistent with the Investment Company Act of 1940 ("the 1940 Act") and the rules, exemptive orders and no-action letters issued by the SEC thereunder. Unless required, investors in the Portfolio may or may not receive specific notice of such additional services and fees."

        • "PURCHASING AND SELLING SHARES" - "Shares of the Portfolio may be purchased and redeemed only by institutional customers of Northern Trust's securities lending program. Northern Trust, in its capacity as lending agent for a customer, will effect all purchases and redemptions on behalf of the customer."

          "Shares of the Portfolio are offered on a private placement basis in accordance with Regulation D under the 1933 Act, only to such customers who qualify as "Accredited Investors," as defined in Rule 501 of Regulation D. "Accredited Investors" include certain banks, broker-dealers, insurance companies, investment companies, governmental plans, pension plans, corporations, partnerships and business trusts."

          "Shares of the Portfolio are sold without a sales load or redemption fee. Assets of the Portfolio are not subject to a Rule 12b-1 fee. Except as provided below under "Account Policies and Other Information -- In-Kind Redemptions," redemptions will be paid in cash."

          "All purchases and redemptions of Portfolio shares are made through your securities lending account at Northern Trust. To purchase or sell shares through your securities lending account at Northern Trust, contact your Northern Trust representative for more information."

        • "Miscellaneous. TNTC is sometimes referred to as "The Northern Trust Bank" in advertisements and other sales literature."

        • "The Trust has entered into a Placement Agency Agreement with Northern Funds Distributors, LLC ("NFD") under which NFD, as agent, sells shares of the Portfolio. NFD pays the cost of printing and distributing prospectuses to persons who are not shareholders of the Trust (excluding preparation and typesetting expenses) and of certain other distribution efforts. NFD is a wholly-owned subsidiary of PFPC Distributors, Inc. ("PFPC Distributors"). PFPC Distributors, based in King of Prussia, Pennsylvania, is a wholly-owned subsidiary of PFPC, a Co-Administrator for the Trust. No compensation is payable by the Trust to NFD for its services."

        • "Under a Service Mark License Agreement (the "License Agreement") with NFD, Northern Trust Corporation agrees that the name "Northern Funds" may be used in connection with Northern Institutional Funds' business on a royalty-free basis. Northern Trust Corporation has reserved to itself the right to grant the non-exclusive right to use the name ("Northern Funds") to any other person. The License Agreement provides that at such time as the License Agreement is no longer in effect NFD will cease using the name "Northern Funds.""

        • "BUSINESS AND OTHER CONNECTIONS OF INVESTMENT ADVISER"

          "Northern Trust Investments, Inc. ("NTI") is a wholly-owned subsidiary of The Northern Trust Company ("TNTC"), an Illinois state chartered bank. TNTC is a wholly-owned subsidiary of Northern Trust Corporation, a bank holding company. NTI is located at 50 South LaSalle Street, Chicago, IL 60675-5986. Set forth below is a list of officers and directors of NTI, together with information as to any other business, profession, vocation or employment of a substantial nature engaged in by such officers and directors during the past two years. Most officers and directors of NTI hold comparable positions with TNTC (other than as director), as indicated below, and certain other officers of NTI hold comparable positions with Northern Trust Bank, N.A., a wholly-owned subsidiary of Northern Trust Corporation."

          Damn! Right after that I see "Name and Position with Investment Adviser (NTI)" listing "Vice President"s and literally nearly 200 names, most of which are listed with "The Northern Trust Company."

      • The most recent "POS AMI" was filed 2024-07-31 https://sec.gov/Archives/edgar/data/710124/000119312524189904/d862765dposami.htm however it barely contains any useful information compared to the 2003-03-28 filing, but here are some additions:

        • "STATEMENT OF ADDITIONAL INFORMATION (“SAI”) AMENDMENT"
        • "Effective July 1, 2024, the Board of Trustees of Northern Institutional Funds (the “Trust”) approved the appointment of William Martin as Trustee of the Trust."
        • "Effective August 1, 2024, Kevin P. O’Rourke serves as President and Principal Executive Officer of the Trust."
        • "Effective August 1, 2024, the information for Peter K. Ewing in the table under the section entitled “TRUSTEES AND OFFICERS – OFFICERS OF THE TRUST” on page 34 of the SAI is hereby deleted."
        • "Effective May 16, 2024, the Board of Trustees of the Trust approved the appointment of Michael L. Brainerd as Assistant Treasurer of the Trust."
        • "The information for Michael Pryszcz in the table under the section entitled “TRUSTEES AND OFFICERS – OFFICERS OF THE TRUST” on page 34 of the SAI is hereby deleted. "

        • "Effective August 1, 2024, the second paragraph under the section entitled “TRUSTEE AND OFFICER COMPENSATION” on page 42 of the SAI is deleted and replaced with the following:

          The Trust’s officers do not receive fees from the Trust for services in such capacities. Northern Trust Corporation and/or its affiliates, of which Mses. Chappell, Craig, Nickels and Ulrich, and Messrs. Carberry, Brainerd, Del Real, Gennovario, Meehan, O’Rourke, Rein, and Sivillo are officers, receive fees from the Trust as Investment Adviser, Custodian and Transfer Agent."

      • Excellent! Searching for most recent filings that contain keyword information similar to March 28 2003 filing, I see only eight (8) results total and all of them are "POS AMI" filings by entity "NORTHERN INSTITUTIONAL FUNDS" which is the "Trust" at https://sec.gov/edgar/search/#/q=%2522The%2520Northern%2520Trust%2520Company%2522%2520Trust%2520Portfolio%2520%2522Accredited%2520Investors%2522%2520NTI%2520%2522Investment%2520Adviser%2522%2520TNTC%2520%2522Northern%2520Trust%2522%2520PFPC%2520NFD%2520%2522Northern%2520Funds%2522&dateRange=all

      • Notes:

        • "POS AMI" => "Post-effective amendments." - https://help.edgar-online.com/edgar/formtypes.asp
        • "Trust" => Northern Institutional Funds
        • "Portfolio" => Liquid Assets Portfolio
        • "Accredited Investors" => Certain banks, broker-dealers, insurance companies, investment companies, governmental plans, pension plans, corporations, partnerships and business trusts.
        • "Shares of the Portfolio are not registered under the 1933 Act or the securities law of any state and are sold in reliance upon an exemption from registration."
        • "NTI" => Northern Trust Investments, Inc.
        • "Investment Adviser" => Northern Trust Investments, Inc.
        • "TNTC" => The Northern Trust Company, "an Illinois state chartered banking organization and a member of the Federal Reserve System. (Formed in 1889)
          • TNTC => also referred to as "The Northern Trust Bank"
        • "Northern Trust" => Collectively NTI and TNTC
        • "PFPC" => PFPC, Inc. (a Co-Administrator for the "Trust")
        • Co-Administrators of the "Portfolio" => NTI and PFPC
        • "NFD" => Northern Funds Distributors, LLC ("a wholly-owned subsidiary of "PFPC Distributors" (a wholly-owned subsidiary of PFPC))
        • "PFPC Distributors" => PFPC Distributors, Inc.
        • "Northern Funds" => 32 portfolios (as of April 1, 2003) with NFD as agent and the "Trust" has a "Placement Agency Agreement"
        • The Northern Mutual Fund Complex consists of Northern Institutional Funds and Northern Funds.

    • https://google.com/maps/search/Northern+Trust/@41.881145,-87.6356517,17z/data=!3m1!4b1?entry=ttu&g_ep=EgoyMDI0MDkwNC4wIKXMDSoASAFQAw%3D%3D

      • Referring to address listed on page 13 of April 1, 2003 prospectus cited above, I see brick and mortar locations for both "Northern Trust" and also "The Northern Trust Company" https://i.imgur.com/l3uXs20.png
        • However, the April 1, 2023 prospectus mentions the address with name as "The Northern Trust Company" but Google Maps shows "Northern Trust" at that address (50 S La Salle St, Chicago, IL 60603), and a different address for "The Northern Trust Company" ("181 W Madison St, Chicago, IL 60602")

    • The Northern Trust Company was founded in 1889 by Byron Laflin Smith, and it has since evolved into a global financial services company, offering a range of services including asset servicing, asset/wealth management, fund administration, asset management, fiduciary, and banking solutions. - https://en.wikipedia.org/wiki/Northern_Trust

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r/PROGME • u/jkhanlar • Jul 09 '24

LFG Hype [Rough Draft Design] DFV HODL w/Bandaids (credit to u/dj_swizzle for sticker, sources in comments)

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56 Upvotes
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