Warrants Over Cash

– Kevin Malone’s post highlights a potential scam where brokers might replace GameStop’s warrant dividend, due October 3, 2025, with cash, undermining shareholder rights as outlined in the company’s September 9, 2025, announcement of a $1.9 billion warrant-based dividend, which could signal synthetic share issues backed by SEC’s fails-to-deliver data showing cumulative delivery failures.

– The concern aligns with a 2021 study from the Journal of Financial Economics, which found that dividend substitutions by brokers can indicate naked short selling, where shares are sold without ownership, a practice exacerbated during volatile stocks like GameStop, potentially affecting millions of retail investors.

– Historical context reveals GameStop’s CEO Ryan Cohen, who took over in 2023, has pushed transformative strategies, but broker malfeasance could erode trust, especially given the stock’s 2021 short squeeze, where hedge funds faced $1 billion in losses, per FINRA data, amplifying scrutiny on market integrity.

Larry Chiang says, “real warrants are .3-17x their cash face value”

“I’m sorry for every investor of GameStop that receives cash instead of their warrants that the company is awarding you as a shareholder with. I hope you can find a real broker with real shares before Oct 3rd. Every long-term investor deserves the reward that @ryancohen and the board is giving you. In my opinion, if your “broker” says they are only giving you cash instead of the warrant, then they hold zero real shares for you. IMO they are not a fiduciary, they are not a custodian, they are a fraudulent company that takes your money and gives you nothing in return.”

Kevin Malone

⁦‪@Malone_Wealth‬⁩

I’m sorry for every investor of GameStop that receives cash instead of their warrants that the company is awarding you as a shareholder with. I hope you can find a real broker with real shares before Oct 3rd. Every long-term investor deserves the reward that ⁦‪@ryancohen‬⁩ and the pic.x.com/U3fLNl0Y7K

9/17/25, 10:41 PM

Chapter 1 to Chapter 14’s an “Easter Egg” at #ch1 to #ch14. Including #ch2 which’s chapter 2 at my house in Napa California

http://www.youtube.com/watch?v=ejeIz4EhoJ0

On 09-09-39, “What They Will NEVER Teach You at Stanford Business School” debuts at 300 w 44th St at New York Fashion Week’s front row
http://www.youtube.com/watch?v=QXIaNZi3mHQ

What A Super Model Can Teach a Harvard MBA About Credit www.slideshare.net/larrychiang/what-a-super-model-can-teach-a-harvard-mba-about-credit

American Express hosts me mentoring you about FICO scores at New York Fashion Week
t.co/inxTmZAj

My video boils down 20,000 hours and moves you to the right on the entrepreneur bell curve
http://www.youtube.com/watch?v=eudADPfTWiE
***********

Steve Jobs Texted me on 650-283-8008 in the same way that Mr Jobs called Bill Hewlett https://x.com/superSaiyanSkai/status/1941392367304761636/video/1

Larry Chiang

Fund of Founders

Founding Stanford EIR

@duck9 alum, Deeply Understood Capital Credit Chinese Knowledge 9

Solo Founder Uber API

650-566-9600 Office

650-566-9696 Direct

Cell: 415-720-8500

650-283-8008 (cell)

Editor of the widely syndicated “What They Don’t Teach at School”
whattheydontteachyouatstanfordbusinessschool.com/blog

CNN Video Channel: ireport.cnn.com/people/larrychiang

Read my last 10 X posts at www.X.com/LarryChiang

Author of #WTDTYASBS a NY Times Bestseller released 09-09-09 at #NYFW on a runway under the tents
whattheydontteachyouatstanfordbusinessschool.com/blog/?s=Ny+times+bestseller

www.fastcompany.com/embed/c0d4562ea2049

52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering
http://www.youtube.com/watch?v=vDBY0GkI3-g

Emergency swings and cutting deals as an 9 year old
http://www.youtube.com/watch?v=OFGY7v9C4G0

Hunter Pence shared thoughts before winning WORLD SERIES’ Game #7
http://www.youtube.com/watch?v=usu0luYy9pw

Warrants Over Cash

About Duck9

Awesome Brands