5 ms·

Is this the first actual corporate news from GameStop itself during the frenzy of the last several weeks? I'd love to have been a fly on the wall in one of thei

Is this the first actual corporate news from GameStop itself during the frenzy of the last several weeks? I'd love to have been a fly on the wall in one of their boardrooms during the maelstrom, when they were a front page story for basically every news site on the planet.

nairboon 6y ago
Yes that is the first news since Ryan Cohen joined the board in mid January.
newbie578 6y ago
Yes, that is why I shared it. It is the first times we heard anything from them since this frenzy began.
JohnJamesRambo 6y ago
I mean they probably weren’t doing anything except rapidly trying to sell their stock options that had 100x’d. They more than anyone knew they weren’t worth $325 a piece.
- ordinaryradical 6y ago
  Sales from officers have to be scheduled in advance precisely to prevent that kind of behavior.
  - nrmitchi 6y ago
    I mean, they have to be scheduled in advance to avoid even the implication of trading based on non-public information. I would find it hard to believe an accusation of "insider trading" if an GameStop officer sold a bunch of stock last week, rather than the much more likely public-information explanation of "we're definitely not a $25B company and everyone knows it".
  - Vvector 6y ago
    Scheduled sales are not required, only recommended. If an unscheduled sale is made, there might be insider trading issues, and might trigger an investigation. That said, it would be easy to argue the sale was due to public information, i.e. the stock going up 100x in 6 months. See Rule 10b5-1
deleted 6y ago
[deleted]
totalZero 6y ago
They also released this very important news on 28 Jan: https://news.gamestop.com/news-releases/news-release-details/gamestop-earns-top-marks-human-rights-campaigns-2021-corporate https://news.gamestop.com/news-releases/news-release-details... I share your sentiments.

5 ms·

Is this the first actual corporate news from GameStop itself during the frenzy of the last several weeks? I'd love to have been a fly on the wall in one of thei

by dgritsko 6y ago

nairboon 6y ago
Yes that is the first news since Ryan Cohen joined the board in mid January.
newbie578 6y ago
Yes, that is why I shared it. It is the first times we heard anything from them since this frenzy began.
JohnJamesRambo 6y ago
I mean they probably weren’t doing anything except rapidly trying to sell their stock options that had 100x’d. They more than anyone knew they weren’t worth $325 a piece.
- ordinaryradical 6y ago
  Sales from officers have to be scheduled in advance precisely to prevent that kind of behavior.
  - nrmitchi 6y ago
    I mean, they have to be scheduled in advance to avoid even the implication of trading based on non-public information. I would find it hard to believe an accusation of "insider trading" if an GameStop officer sold a bunch of stock last week, rather than the much more likely public-information explanation of "we're definitely not a $25B company and everyone knows it".
  - Vvector 6y ago
    Scheduled sales are not required, only recommended. If an unscheduled sale is made, there might be insider trading issues, and might trigger an investigation. That said, it would be easy to argue the sale was due to public information, i.e. the stock going up 100x in 6 months. See Rule 10b5-1
deleted 6y ago
[deleted]
totalZero 6y ago
They also released this very important news on 28 Jan: https://news.gamestop.com/news-releases/news-release-details/gamestop-earns-top-marks-human-rights-campaigns-2021-corporate https://news.gamestop.com/news-releases/news-release-details... I share your sentiments.