posted ago by greeneggsnham ago by greeneggsnham +3 / -0

Just a thought experiment, but what if the share dividend causes the price to decrease after the Ex Dividend Date (say 7 for 1 to approx. $20 / share) and then we, Apes, buy the remaining float and DRS it before the Dividend Payable date?

Yes, shares obtained after the Ex Dividend Date are not eligible for the share dividend, but wouldn't this prove 100% shenanigans at the DTCC?

--Free Float-- 100% DRSed at a point in time between Ex Dividend Date and Dividend Payable Date.

Then after Dividend Payable Date, theoretically only the shares via dividend will exist in DTCC for brokerages, Rest are DRSed.

Posting here since I don't have enough karma on reddit!

Comments (8)
sorted by:
2
Cuzzo 2 points ago +2 / -0

Date of record is the day after ex dividend date, usually, I thought so assume you mean dividend payable date. Idk

1
greeneggsnham [S] 1 point ago +1 / -0

You're right! I got my terms wrong. Yes, I meant dividend payable date--not record date.

2
theskippy 2 points ago +2 / -0

We are looking at December 2024 for the float to be DRS'd

https://www.reddit.com/r/Superstonk/comments/vbq84q/drstimator_v369_june_13th_2022/

GME likely to go down very short term, and then run going into next week as we enter the OPEX cycle, with a market crash being a wild card.

2
mckraut 2 points ago +2 / -0

I'm not sure if this makes sense.

If I look up GME on investing.com or yahoo finance there is no dividend date.

1
greeneggsnham [S] 1 point ago +1 / -0

No dividend date but it's a speculation that they'll do a stock split in the form of a stock dividend sometime down the road.

1
mckraut 1 point ago +1 / -0

But short interest is way down. During the Squeeze, it was multiple times higher.

0
boomerbob3 0 points ago +1 / -1

People really still on about GME eh?

https://www.youtube.com/watch?v=zSQ5W5j2Bq8 this might show you why it will never be $1000/share. Cut your losses and put it into something that will actually make you money.

2
Kekistan_United 2 points ago +2 / -0

maybe.

i stop listening when people try to compare AMC in there...

im still up. way up, on GME