Posts about GameStop
edit: formattingomit is dated February 6th, 2023 and can be seen using the following link, you just need to scroll down to the Gamestop section.
https://www.sec.gov/corpfin/shareholder-proposals-incoming
Gamestop is trying to omit them because they believe it conflicts with two rules:
- Rule 14a-8(i)(13) because the Proposals relate to a specific amount of cash or stock dividends; and
- Rule 14a-8(i)(7) because the Proposals deal with a matter relating to the Company’s ordinary business operations
- Rule 14a-8(i)(3) because it is impermissibly vague and indefinite in violation o fRule 14a-9 under the Exchange Act
I would suggest reading the full letter as my summary won't do it justice.
My initial thoughts on this was that it's disappointing because a lot of the DRS movement started because of the idea of an NFT Dividend, but I'm going to wait to see what's on the Annual Proxy filing before I make any definitive opinions.
edit: formating
edit2: building on the top comment. This post wasn't meant to divide. It's purpose was to provide full transparency on what's happened.