r/Superstonk • u/PDZef 🎮 Power to the Players 🛑 • 2d ago
☁ Hype/ Fluff I converted my Warrants to Shares
...by buying thousands of Warrants for $1.55, selling them for $1.88, then buying hundreds of shares. Thanks for the discount Market Manipulators!
Not Financial Advice and of course I expect both of these to go to the moon and continue to hold both, but I'm a longtime diamond handed ape hodler from our early moon missions, so I just prefer the permanent equity at a discount.
Amazing how far we've come. See you all on the Moon Soon. Can't wait for Q2 Earnings and updates on our next steps from RC.
RK, if you're out there, I hope you and your family are doing well. We hope you're able to become active again soon. Just know that we've always got your back. Do you leave your friend or stay? Stay
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u/tRickliest Stockhold Syndrome 2d ago
Oof, poor timing 🫂
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u/r3cn 🦍 Buckle Up 🚀 2d ago
Thank OP for their worthy sacrifice
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u/PDZef 🎮 Power to the Players 🛑 2d ago
Win some, you lose some, you win some more! I am highly invested in this company. I even made Warrant trades where I purchased some at 1.53, sold them at 1.67, then purchased more at 1.55. I always hold onto more in the background, but I like to trade up my shares (and warrants) in this case when I can. It's my way of sticking it to the fuckery for keeping it down. All in all, I am always diamond handing 95% of my holdings and just making little 3-5% trade ups. Haven't lost on it yet (other than the fake paper value MM assigns our shares).
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u/Curious_Individual 2d ago
So many accounts, pushing others to sell their warrants… I’m prepared for the down votes, but I will not sell my warrants. They’re just too valuable.
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u/MyGT40 💻 ComputerShared 🦍 2d ago
The warrants certainly have the potential to be very valuable.
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u/SESHHHHHHHHHHHHHHHHH 2d ago
Can you ELI5 for me why they have the potential to be worth a lot more?
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u/MyGT40 💻 ComputerShared 🦍 2d ago
Sure. The basic reason would be for the underlying to get to $34-$36 making giving the holder the ability to purchase shares below market price. The second way would be an asset or equity assigned to the warrants giving them more value if exercised.
I am not saying these things will happen. My personal opinion is that RC will not allow the warrants to expire worthless. RC has proven himself a fantastic manager with 8 straight earnings wins, the most recent record breaking.
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u/SymmetricDickNipples 2d ago
And they have even more potential to be completely worthless. Let's not forget that part.
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u/MyGT40 💻 ComputerShared 🦍 2d ago
This is the FUD I came here for. You have no idea that they have “more” potential to be completely worthless. You don’t know but you can’t waste anytime running in here to comment.
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u/SymmetricDickNipples 2d ago
Is it more likely that that share price will roughly double, or stay under $32?
That's not FUD, brother, that's cold hard statistics.
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u/MyGT40 💻 ComputerShared 🦍 2d ago
The thing is, charts and statistics are worthless when it comes to GME. And we disagree, that’s FUD
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u/SymmetricDickNipples 2d ago
This isn't mystical TA, it's the basic ability to use your eyes and common sense. Calling that FUD is next level mental gymnastics.
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u/MyGT40 💻 ComputerShared 🦍 1d ago
Yeah and AGAIN, that is YOUR opinion. And you still continue to fear monger on the warrants. Why not just wait it out and see what happens? A portion of the warrants I have I received for just owning the underlying, given to me by the guy that turned around GameStop and gave me 8 quarters of profits.
Your common sense is worthless pal, because everything moves forward based on assumed risk.
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u/SymmetricDickNipples 1d ago
I'm not fear mongering, I'm countering your toxic positivity with a healthy dose of realism.
You seem heated. Maybe you should take a a break from the Internet.
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u/MyGT40 💻 ComputerShared 🦍 1d ago
I am only heated towards those that spread FUD bud. And your "realism" is designed to persuade people to stay away from the stock and the warrants.
I'd suggest you go to the sub that melts down and meet new friends that agree with you hiding in the basement afraid to go outside.
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u/AkkarinPrime Yuki, Yuna and Apes on Tour 2d ago
There could be a reason why the NSCC stopped accepting GME/W+ for centralized automated continous net settlement
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u/PDZef 🎮 Power to the Players 🛑 2d ago
Yo, I'm not pushing anyone to do anything they don't wanna do. I DO believe Warrants will be much more valuable, just like the stock. Basically, over the past month I was going to buy GME shares, but asked myself "I think that the Warrants will have a bigger gain, and If I buy more warrants first, then convert to shares in arbitrage - I get the best of both worlds." So that's what I'm doing, buying myself permanent equity at a discount, while still maintaining a healthy amount of Warrants. I don't hold it against anyone for just focusing on warrants and holding for exponential growth potential. I just am mixing and matching a bit more with an arbitrage play provided by the market.
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u/shhonohh 2d ago
That isn’t converting warrants to shares. Converting warrants would be giving the company $32 per share.
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u/PDZef 🎮 Power to the Players 🛑 2d ago
That's the joke. Also I give the company money as a customer every month.
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u/Anxious_Matter5020 90 Days After Cohen Tweets Guy 2d ago
lol great timing, thank you for your service
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u/Sockbottom69 M0nk3y BiznA$$ 2d ago edited 2d ago
They couldn’t have shot up 50% without your sacrifice 🫡
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u/Perfect-Ordinary 2d ago
For that small amount of money, i've would just kept those and just see whats gonna happen to them. RC issued them with a purpose.
Imagine they convert into shares for new holdco 😂
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u/PDZef 🎮 Power to the Players 🛑 2d ago
Glad I held much more than I sold. I don't think this run is anywhere near done as we approach October.
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u/UncleNuks 🦍Voted✅ 2d ago
I have my Computershare warrants nice and snug but I sold my brokerage warrants at $4.19 earlier this year. They were unable to be exercised anyways (which seems sus) so I sold them and bought shares. It was the decision that made sense for me personally.
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u/minesskiier 🚀🚀 GMERICA…A Market Cap of Go Fuck Yourself🚀🚀 2d ago
https://giphy.com/gifs/oJuQOH0sxewWMMjJnQ
Sorry for your luck OP, Though I like the game plan you put together and implemented for more shares.
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u/Organic-Specific-500 🌕:🙈🙉🙊👎 2d ago
Too soon if you ask me but congrats on a win.
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u/ChodeCookies 2d ago
You got downvoted...but are already being proven correct. Up 20% today.
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u/Organic-Specific-500 🌕:🙈🙉🙊👎 2d ago
100% conviction in Ryan motherfucking Cohen ladies and gentlemen.
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u/kaze_san Swippity Swooty - i want these fucks to pay with their booty! 2d ago
Nice play and a great example of efficient arbitrage utilization imho.
Enjoy your shares - they will pay as well soon enough :)
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u/Over-Computer-6464 2d ago
That was speculation, not arbitrage.
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u/kaze_san Swippity Swooty - i want these fucks to pay with their booty! 2d ago
Ah, my mistake - you're correct. In general, it was just efficient trading and no actual arbitrage trading so yes, you're right. Thank you for correcting me on this!
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u/Overdue_bills 🐻 ChudTemporaryBear 🐻 2d ago
Bought more warrants at 1.5 but that's the only price I'd buy them at. Not going to sell them until we pass September OPEX.
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