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$GME If all the warrant theories turn out to be wrong and the warrants expire worthless, there’s still a silver lining.
No exercise means no additional shares issued, no dilution from the warrants, and existing shareholders retain their ownership.
That doesn’t guarantee a higher share price, but it removes one potential source of dilution.
Not necessarily a bad outcome.
Calculated Flow | Options & Positioning retweeted
In case you're confused about what's going on with Elon Musk tanking the neoclouds, here's the timeline of everything that's happened
> Oct 13: Chamath posts a chart of $CRWV bonds yielding 15%. Musk replies one word. "Yikes"
> Oct 14: $CRWV falls 15.5% in one day. $NBIS -10%, $IREN -10%. Gartner warns the same day that 80% of neoclouds could disappear by 2030
> Oct 15: $CRWV credit default swaps hit a RECORD 1,100+ bps. The market is pricing a 60%+ chance they default within 5 years. Their 2031 bonds yield 16%
> Oct 16: the bonds fall under 80 cents. Distressed. $CRWV down another 12%. The stock lost about 25% that week
> Oct 19: Goldman upgrades $CRWV to Buy anyway. Stock does nothing
> Oct 22: $NBIS raises $3.5B from Citi. It matures in ONE year. That's the kind of money still available to these guys
> Oct 25: a clip of $NBIS's CEO from GTC Berlin goes around X. He admits debt markets and asset-backed financing have "temporarily dried up"
> Oct 25: Musk goes in. "200+ neoclouds are going to see guppy-level death and consolidation." Says debt markets are shut for anyone without real revenue outside AI data centers. Says SpaceX just closed $40B of debt to buy GPUs because they have Starlink and launch revenue
> Someone asks if he's tanking them so he can buy one cheap. Musk: "SpaceX is not buying any neoclouds. Pointless"
> Sunday night: $CRWV and $NBIS down another 2.3% overnight. $IREN -2%
$CRWV is down 38% in a month. $NBIS is down 33%
Also worth noting - SpaceX sells AI compute too. Anthropic's deals with SpaceXAI could be worth up to $84.5B through 2029. Musk is a competitor talking about his competition and might just be trying to starve his competitors with x
$GME Chicago - huge block of 600,000 shares worth $15.28m just hit the tape
$GME huge 1.67m shares block worth 42m hits the tape. Probably contingent trade but the size is massive
$GME Vol 11m - is that believable? But look at the blocks after close - Maybe contingent or whatever.
$GME continues to see multi-million prints in dark pool on bid side
$GME Yes took a dive but also did the broader market - just relax. If 17 level did not panic you, this should be breezy.
$GME warrants traded over 100k where as shares traded around 60k - expecting low volume today
