GME: Why June 2024 can/will be *historic* here
In my humble opinion, this will be the Last Opportunity to be long-invested into $GME and/or the 'popcorn/movies meme stock' prior to the "June Runup of 2024"
There are about thirty catalysts. But, to name just ten:
1. $GME is profitable and exploding with cash on hand (now at $2 Billion). A board member today (Larry Chang) just mentioned that there would be Dividends at some point. $GME's latest filings prior to their latest capital injection reveal special share structure of depositary/preferred shares that will be able to be used for digital dividends.
2. There are pages upon pages of evidence to support that GME can (and will) do a digital dividend of some kind, similar to the one that made Overstock runup 5,200% in 2020
3. $GME has negligible debt, and an almost infinite equity to debt ratio
4. $GME is rapidly advancing into new business acquisitions, a lot of light will be shed on this in June 13 Annual meeting
5. Earnings for $GME is on June 7th, 2024 (to my knowledge)
6. Record FTDs (fails to deliver) will be due beginning June 6th, regarding the first May2nd and beyond runups which led to buy volume that the market maker could not support. FTDs have to be settled: shares have to be bought back all throughout June (this is considered extra demand for shares on top of all of the additional positive developments)
7. $20 calls totalling about 17 Million shares have been bought for mid-June, indicating that a Volkswagen-of-2008-like short squeeze is a about to take place (Porsche had loaded up on cash settled call options in order to secure what remained of the float. it looks like that same phenomenon is happening now)
8. Technicals reveal a huge platform of support around $22, regardless of fundamentals and developments. This means that the uptrend is now beginning to continue.
9. Previous price was $80 just a few business days ago
10. CAT system online combined with T+1 settlement adds explosiveness to the above points
$GME
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