Meme stock favourite GameStop says it is subject of SEC probe. I think this is a smart play from GameStop management. They know they can’t issue new shares until the current share situation is resolved. The SEC has to step in now and sort out all the created shares that shouldn’t exist.
https://www.aljazeera.com/economy/2021/6/9/meme-stock-favourite-gamestop-says-it-is-subject-of-sec-probe