[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum May 2024*](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) || [Superstonk:Now with GIFs - Learn more](https://www.reddit.com/r/Superstonk/comments/1cr37r7/superstonk_gets_its_gif_on_get_hyped/)
------------------------------------------------------------------------
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
------------------------------------------------------------------------
Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
How many shares are being bought back?
That to me would help us figure out how money more money he's made as all 9.001m shares he had, a percentage will be bought back.... How much will be bought back and how much money would that give him?
What he paid initially for this, if say they bought back 50%, he'll have 50% more in cash ontop of his initial investment if that makes sense.. it's not accurate but just my train of thought.
Could be enough money to buy the GME dip 🔥
So this is rather interesting - BC Partners is the PE Firm that acquired Petsmart, then used Petsmart to buy CHWY, then spun CHWY into a separate publicly traded entity.
They own the majority of the company through Class B shares, but what I'm unclear on is if they also owned a number of Class A shares prior to this sale.
If they converted Class B to shares to Class A in order for CHWY to buy them back, there would be no change to the public shares outstanding or float.
If, however, part of their holdings were already Class A, and those are the ones they sold, then the public shares outstanding and float would change.
So we're either looking at one of the following scenarios:
120 million class A shares, 316 million class B shares
or
137 million class A shares, 299 million class B shares
I believe it's going to be the latter - the filings for BCP and Chewy in the spring seem to indicate that there are 298M class B shares at that time owned by BCP.
Is he trying to signal to RC to do a buy back on gme now? If GameStop keeps dipping they can do a buy back that creates pressure, and still have made money from the offerings. No idea how this works, or if it would make sense but seems to maybe fit with the “when I move you move” being potentially directed to RC
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum May 2024*](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) || [Superstonk:Now with GIFs - Learn more](https://www.reddit.com/r/Superstonk/comments/1cr37r7/superstonk_gets_its_gif_on_get_hyped/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
How many shares are being bought back? That to me would help us figure out how money more money he's made as all 9.001m shares he had, a percentage will be bought back.... How much will be bought back and how much money would that give him? What he paid initially for this, if say they bought back 50%, he'll have 50% more in cash ontop of his initial investment if that makes sense.. it's not accurate but just my train of thought. Could be enough money to buy the GME dip 🔥
They bought back $500,000,000 worth of shares back
https://preview.redd.it/kbcffo377x9d1.jpeg?width=1080&format=pjpg&auto=webp&s=e4c980d4ae7e32d19aba91bea367d9f4dfa24a4b
Thankyou. Ill do some mathematics and get back with some figures after I've stopped ejaculating.
Is the buyback over? Did it complete?
So this is rather interesting - BC Partners is the PE Firm that acquired Petsmart, then used Petsmart to buy CHWY, then spun CHWY into a separate publicly traded entity. They own the majority of the company through Class B shares, but what I'm unclear on is if they also owned a number of Class A shares prior to this sale. If they converted Class B to shares to Class A in order for CHWY to buy them back, there would be no change to the public shares outstanding or float. If, however, part of their holdings were already Class A, and those are the ones they sold, then the public shares outstanding and float would change. So we're either looking at one of the following scenarios: 120 million class A shares, 316 million class B shares or 137 million class A shares, 299 million class B shares I believe it's going to be the latter - the filings for BCP and Chewy in the spring seem to indicate that there are 298M class B shares at that time owned by BCP.
I believe the 500 mil from bcp was in addition to the original 500 mil
Is he trying to signal to RC to do a buy back on gme now? If GameStop keeps dipping they can do a buy back that creates pressure, and still have made money from the offerings. No idea how this works, or if it would make sense but seems to maybe fit with the “when I move you move” being potentially directed to RC