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Still think TITNC3: Return of the Iceberg was peak

Discussion in 'Stocks & Investments' started by kairo, Oct 6, 2020.

  1. Jul 15, 2022 at 7:58 PM
    theesotericone

    theesotericone Well-Known Member

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    It's a coin toss. lol
     
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  2. Jul 15, 2022 at 8:02 PM
    SCOTT'S TACO LOCO

    SCOTT'S TACO LOCO Orange It.

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    Ok it's a double sided coin then!
     
  3. Jul 15, 2022 at 8:28 PM
    Fohu

    Fohu Well-Known Member

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  4. Jul 15, 2022 at 9:37 PM
    kairo

    kairo [OP] >_>

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  5. Jul 15, 2022 at 9:50 PM
    kairo

    kairo [OP] >_>

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  6. Jul 16, 2022 at 12:22 AM
    kairo

    kairo [OP] >_>

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  7. Jul 16, 2022 at 5:49 AM
    99TacoDriver

    99TacoDriver Well-Known Member

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  8. Jul 16, 2022 at 7:04 AM
    TreeFortRichard

    TreeFortRichard Barcelona Red is the best red...

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  9. Jul 16, 2022 at 12:10 PM
    BudFriendguy

    BudFriendguy TRD BRGLR

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  10. Jul 16, 2022 at 2:30 PM
    teamhypoxia

    teamhypoxia MichelinMan

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    Ok, here's something I can't quite wrap my head around with the GME splividend....
    It's a stock split/dividend hybrid right? So it has an ex-dividend date (end of day Monday) when the shareholders of record will be entitled to the dividend (of 3 shares for each share held). The shares aren't distributed until after the end of trading Thursday.
    Normally with a 4:1 share split, the shares would be 1/4 the value each on the day the split shares are traded (Friday in this case) but with an ex-dividend date, shouldn't shares trade Tuesday at 1/4 the value since they won't entitle a new holder to the 3 additional shares?
    If shares don't go down 1/4 the value on Tuesday, should I sell all my shares since I should still get the 3 I'm entitled to for each share held at the end of day Monday?
    @kairo what's your understanding in this regard?

    Edit: Furthermore, if GME shares do drop 75% on Tuesday and the additional shares don't exist yet, won't people's accounts be showing a 75% loss? Could this cause a panic selloff?
    Am I missing something that would easily explain how this should all work? :rofl:
     
    Last edited: Jul 16, 2022
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  11. Jul 16, 2022 at 2:52 PM
    Iwilltaco

    Iwilltaco Well-Known Member

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    If you sell Tuesday you get nothing. Sell after the split :thumbsup:

    Ignore the 18th, it’s irrelevant
     
    Last edited: Jul 16, 2022
  12. Jul 16, 2022 at 3:11 PM
    kairo

    kairo [OP] >_>

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    Share price will divide by 4 like in a traditional split.
     
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  13. Jul 16, 2022 at 3:12 PM
    Iwilltaco

    Iwilltaco Well-Known Member

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    And then get run right back to pre split price! Right? Probably by noon on Friday? :D
     
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  14. Jul 16, 2022 at 3:16 PM
    teamhypoxia

    teamhypoxia MichelinMan

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    That's what I've been gathering although it begs the question of why the ex-dividend date even exists if it's entirely irrelevant.
    I've heard some suggestion that the transfer of some dividend shares could be delayed if the shares were traded after Monday :notsure:
     
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  15. Jul 16, 2022 at 3:16 PM
    kairo

    kairo [OP] >_>

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    Oh please oh please oh please
     
  16. Jul 16, 2022 at 3:18 PM
    teamhypoxia

    teamhypoxia MichelinMan

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    Disappointing, uneducational post that fails to address the posed question.
    -4 points and a slightly diminished "GME Guru" status. :smack:
     
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  17. Jul 16, 2022 at 3:22 PM
    kairo

    kairo [OP] >_>

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    lol sorry. What did I miss that you were asking? After the split the share price will divide by 4 and you will receive 3 additional shares for every one you own. There's no way to sell and somehow come out ahead before the split.

    Further reading for consideration: https://old.reddit.com/r/Superstonk/comments/vtvbl8/gme_41_stock_split_in_the_form_of_a_dividend/
     
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  18. Jul 16, 2022 at 3:38 PM
    teamhypoxia

    teamhypoxia MichelinMan

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    :rofl:
    My Question: If a tree falls in the forest and there is no one around to hear it, does it make a sound?

    Your Answer: The tree will be laying on the ground.
     
  19. Jul 16, 2022 at 3:47 PM
    theesotericone

    theesotericone Well-Known Member

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    Well, what if Schordinger's Cat was actually a dog?
     
  20. Jul 16, 2022 at 3:48 PM
    Iwilltaco

    Iwilltaco Well-Known Member

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    @kairo’s guest house having a water with @not_nick
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    I believe it was and wasn’t
     

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