no big changes that I can think of. it's all just related to stock awards. in this case, it looks like the negligible two-class value is referring to the stock award alone and not the dividend since the dividend would come through only when shares are vested in an RSU bcs dividends apply only to shares.

you debunked the post. thank you for the digging. I shoulda checked old 10qs 🤦‍♂️

i wouldn't be so sure.

NFTs as a dividend with negligible earnings value could still be allowed under the fixed charge coverage ratio covenant gamestop is subject to with their revolving creditor. in other words gamestop wouldn't need to wait till the end of their loan to distribute a dividend, depending on the specific terms.

what's more, it's unusual for an employee award that operates as a RSU to have a dividend - especially a RSU with a dividend that has negligible value on earnings. it basically means cash is not involved with the dividend and that this could be a blueprint for NFT dividends.

👍 thanks again

i appreciate you taking the time. and i agree with your initial statement regarding the two-class method not being a specific acknowledgement of a crypto dividend.

however, i believe the possibility is left open because of how the formula operates.

that is all.

actually, RSUs by and large don't earn a dividend

i appreciate the contribution! i also take issue with it.

could you explain the two-class method? i understand it doesn't mean an NFT dividend will happen. however, you know of any negligible two-class method value employee stock awards? seems like a lot of trouble for nothing.

in fact, i haven't been able to find any example of dividends with negligible two-class method value. at any point. ever.

i also haven't been able to find a single example of a financial statement similar/identical to it in any filing doc or prospectus.

edit:

fuck it, i'll explain it.

the two-class method is just a method for determining earnings. it works with the same values as a fixed charge coverage ratio covenant - if something holds no value, it's not included.

am i missing how it explains a public NFT is reasonably out of the question?

edit2:

gamestop just took on a shitton of amazon execs. why would they give those stock awards and their dividends on a non-forfeitable basis? that would mean Ryan Cohen could be taking on saboteurs who get a guaranteed paycheck from gamestop - regardless if they fuck him. that doesn't make much sense to me.

edit3lol:

just noticed this sentence from in front of the highlighted one in the OP. that explains why it would be non-forfeitable.

a net loss from continuing operations causes all potentially dilutive securities to be antidilutive

edit-final

I'll put this here in case my other comment gets buried.

upon further review, i think the image is likely related to employee stock awards. 😢

HOWEVER, the title of the post can still apply. NFTs as a dividend with no $ value could still be allowed under the fixed charge coverage ratio covenant. gamestop wouldn't need to wait till the end of their loan, depending on the specific terms.

what's more, it's unusual for an employee award that operates as a RSU to have a dividend - especially a RSU with a dividend that has negligible value on earnings. it basically means cash is not involved with the dividend.

this could be a sort-of blueprint for an NFT dividend.

it means an nft for public shareholders is still possible

it does say undistributed and I don't know why they'd give a valueless dividend to early hires or employees.

according to the terms of their revolving credit facility which is subject to fixed charge coverage ratio covenant, which determines debt payments and such, the formula includes only earnings and charges.

a non-fungible and negligible $ value stock dividend wouldn't be subject to it.

edit:

while I think the post title's description could still apply, this post has mostly been debunked as that language existed in a may 2020 filing 😥

https://www.reddit.com/r/Superstonk/comments/pkmtnn/gamestop_is_holding_nonforfeitable_stock/hc72ocg?utm_medium=android_app&utm_source=share&context=3

has it shot up that much? might not be over time in that case 🤷‍♂️

if the issue is ongoing, no. i think care would've been taken in this case.

let the record show i definitely concede that possibility lol

hard to say 🤷‍♂️

honestly, i kinda agree (you got a link to that paper?).

i fucking hope not, tho. i wrote this post as an optimist lol.

because they killed kenny.

those bastards.

here to say:

eat shit paperhands portnoy

my guess is the accomplices to citadel in january. melvin capital, point72, and other unnamed shadow banking entities.

i think employees of all of those firms are here, as well. gabe, kenny, steve, others - they're all likely here trying to say anything they can to save their sorry asses.

lol - good luck, fuckers.

my pleasure 😊

i've been here since march and every time - every time i've seen some Qanon shit, or traditional conspiracy theory post/comment pop up, it's shot down.

it means camera lenses with extreme amounts of zoom (like from high elevation, what you would describe as peering in and stalking), cost a shitton and require knowledge to operate properly.

i think your perception of typical investors, especially of the most recent generation, is totally skewed and not accurate.

have you been investing for years now? if so, i'm guessing you've been doing it to the benefit of amazon. am i wrong?

FWIW, crypto exchanges were practically proven to be money laundering exchanges for US hedge funds or other financial firms a few months ago. he might be trying to protect against bad actors skirting GME short liabilities.

even i gotta upvote that one

bankrupt companies thatve been listed in OTC markets (Blockbuster, sears, pets.com, others) will be moved to the expert market. this makes them out of sight for the market at large.

this might be happening to force citadel, if it's been discovered they have been illegally naked shorting for at least 10+ years, to buy back dead companies shares after regulators discovered their crimes because GME investors refused to sell.

this is all good for apes because GME woulda been one of those companies - ergo the MOASS.