NotFromThisPlanet

@ButtFarm69 Yes but even with the increased market cap the estimated stock price using the estimated Net Equity Value still gives a price around $20. That also includes factoring in the synergies that RC laid out.

The conversation regarding fear of dilution for the pending $GME $EBAY M&A is misdirected. When people think dilution, they think the TSO (total shares outstanding) will increase, and the value of price per share will drop. This is only half correct IMO. Yes, the TSO will be increase as new GME shares are distributed to the Ebay holders in the exchange, but the price per share of GMEbay will not drop. Since GME will be swallowing a larger market cap company, combining the two entities, GMEbay will add tens of billions of MC to GME's ~$10B MC. This means the price per share of GME will rise if the deal is approved, as the market will reprice GME to include Ebay's business and assets to the calculation of GMEbay's MC. ------------------------------- The conversation regarding dilution needs to start talking about the real elephant in the room: When these two entities are combined into one, legacy GME holders will have radically less voting power in the new entity GMEbay. GMEbay's power alignment will likely be somewhere around 20% GME and 80% Ebay, if we calculate at current MC valuations ($55.5B if we use Ebay's proposed purchase price). This means retail investors in GME and other legacy GME holders will have a much smaller voice in GMEbay. Of course, @ryancohen has already thought of this and planned for it, and this is why it is essential that $GME voters approve his Award Compensation package, so that he, as the voice and face of GameStop, can retain majority control of the new company and continue to work in the best interest of his shares, which aligns with us, his loyal OG GME shareholder base. If he wins, then we win too (albeit on a smaller scale). Looking at it from his perspective, he needs to retain control of the GMEbay so that he can continue to work how he wants to work, improving the streamlining GMEbay without the "overpaid execs" getting involved and demanding he make dumb corporate decisions. He does not want the Ebay institutions to meddle in his business with their newfound power. So his Award Package, with its Tranches, would allow him to stay in "majority" control of GMEbay (I put "majority" in quotes because it's not over 50% which is the definition of "majority shareholder", but he needs to continue to be the largest shareholder of GMEbay). As someone who has meticulously paid attention to RC's business acumen over these past 5 years, I completely trust him to do what needs to be done to grow this company into the next Berkshire Hathaway. We need to let him work. While it is arguable that consolidating even more power into one man's hands could be dangerous in the long term, I think the current available moves that retail investors have on this grand chess board requires that we cooperate with RC as we move into this next chapter of merging and acquiring new companies. Once we get to the next stage, then we, as a retail shareholder base, can consolidate our own power with this company and join the Major League Tables, demanding changes that reflect our collective values. Until then, I say we let our ChairMan cook. I'm hungry. And I'm ready to feast.

@rnewton7777 You talk too much

@naiveanalyst7 Fund a 100% buyout? They would need $26b and they've only raised a couple billy with previous offerings (bond or ATM). That math don't math.

Is the May-June 2024 playbook repeating again? On May 12, 2024, after three years of silence, the Cat came back with the “lock in” meme on X. The following day, $GME gapped up to an intraday high of $38, and on May 14 reached a new intraday high of $64. That was the golden opportunity for the company to make ATM offerings: on May 17, 2024, GameStop filed an official SEC prospectus to issue up to 45 million new shares to raise capital: sec.gov/Archives/edgar… Then, on June 7, 2024, the Cat started a livestream and the stock experienced another significant upside, reaching an intraday high of $48. On the same day, GameStop filed an 8-K prospectus supplement to issue up to another 75 million new shares and raise even more capital: sec.gov/Archives/edgar… After these two offerings, the company raised a total of approximately $3B (correct me if I’m wrong). And now, with a potentially massive dilution event on the horizon for the eBay acquisition, the same playbook could come into play again, this time to minimize the dilution impact on shareholders and raise the capital needed to fund a 100% buyout. For now, the market doesn’t seem to like the news: $GME is trading -4.8% in pre-market as I write this. Maybe we fall even lower during the session and end up in deep value territory, triggering the Cat return…Who knows? I’m just stupid, nothing I say is financial advice. I’m just learning out loud and having fun sharing my dumb opinions.

@UCopy417 @alpha5tate SoMeOnE ToLd Me.... Lol

@alpha5tate BBBYQ is coming back. $BBBYQ Dockets are coming out like non-stop and someone told me it's similar set up as when the company exit chapter 11.

Burry: “If Ryan has $GME buy any version of BBBY, I’m out.”

@TheUltimator5 Or eBays earnings last week

Disregard this. $GME x $EBAY options position was purchased for 2028 and is OTC so we can't see it. This position was probably someone front running the announcement.

@Brody_Stelmach @ac3075 @DOMOCAPITAL I assume that will be voted on at the June meeting

@FlyHigh10101 @ac3075 @DOMOCAPITAL They can’t even issue a billion shares… 🤦🏼‍♂️

" $GME had ~$9.4 billion in cash and liquid investments as of January 31, 2026. The cash consideration will be funded from cash and liquid investments on GameStop’s balance sheet and third-party equity and debt financing, which will be fully committed at execution of definitive documentation. A highly-confident letter from TD Securities for up to $20 billion is attached."

@No_Pie_2109 This is glorious lol

WTF!? 😤

@ButtFarm69 That's why they list the "unaffected price" of $86 in the proposal

This $GME initial offering proposal of $125/sh for $EBAY is likely to be declined IMO. Ebay is already sitting at a high of $120 since the M&A news broke. This is a mere 4% premium. I wouldn't be surprised if EBAY trades tomorrow above $125 from this momentum, which would basically nullify this offer. @ryancohen is gonna have to offer more or bring some other incentive to the table if he wants to complete the takeover. I'm sure he already has the next stage prepared. Do not take this news at face value. This situation is about to evolve. I'm excited. Oh yea, btw, $GME is trading above $29 right now 😏

@ac3075 @DOMOCAPITAL Yes, half of the purchase is with GME shares or ~1 billion at Friday's close

@DOMOCAPITAL So are we getting diluted?

@MrTestoestrogen Who cares?! The fans win regardless of the outcome! Make it happen @ufc

Who would get KO’d?

@MMAUNCENSORED1 @SStricklandMMA Come on! Who in the hell nets against Hendo?!

Prime Dan Henderson vs Prime Sean Strickland, Who Wins⁉️

@Kyl0Z3n The "wins" are becoming smaller and smaller, but somehow it's part of the "plan."

$GME up 66 cents today and the bag tards are celebrating like they just killed wallstreet. Wake me up at $80 Too bad it never gets there thanks to….4 years of low value dilution.

@Russy30063671 @sneedweb They made it up like most of the info in this community. There was no mention of it in the recent earnings.

@sneedweb Where'd the $309m come from?

According to the last Ryan Cohen’s interviews PowerPack was struggling a bit with inventory. It looks like they’ve now figured out how to manage it effectively! 📦👀 It was already performing solidly at around $300M. It’ll be interesting to see how going public affects their profit margins! 🎰🪎 $GME revenue is expected to go up again now! The GameStop team is pretty impressive! 💹💪

@FightFanatic_ Honestly, replace Gathje with Arman and it's a 10

The official White House card lineup 🔥 1–10, how good is this card? 👀 #UFC #MMATwitter

@Home_of_Fight There is only one way to find out. @danawhite For the love of God just make the fight

🤔💥 Merab Dvalishvili says Arman Tsarukyan won't be able to take Ilia Topuria down and would get knocked out: "I respect Arman Tsarukyan, but if Arman fought Ilia, Ilia would win. He couldn't take Ilia down, it's not even logical. Then Arman would have to fight Ilia standing up, and that's when Ilia knocks out Arman Tsarukyan." via @MightyMouse

@JesseKKM15 You ain't gonna get that...ATMs, bond offerings, and warrants are intended to flat line volatility This is RCs plan. Kill volatility and remove the meme connotation while building a legit company with long term value over decades.

$GME need at least $2.3 more by 4:15P today. Now $24.19 GL and that’s all folks

@sneedweb @lcae83 @gamestop Stop...they didn't mention anything about the beta power packs revenue in the annual report.

@lcae83 @gamestop $300M last year apparently 👀

🚨 BREAKING: @GameStop just dropped the NUKE: POWER PACKS goes LIVE WORLDWIDE TOMORROW, APRIL 15! 🌍💥 Allowing you to rip digital packs online and score REAL PSA-graded cards (Pokémon, Football, Basketball, Baseball). Packs from $25 to $2,500! 👀 This is the collectibles revolution $GME HODLers have been waiting for! 💎🙌🚀🌝 WHO’S RIPPING TOMORROW?! 🔥

@Kyl0Z3n @AbsoluteRegard Boom! Kylo takes another victim...

@AbsoluteRegard The more bullish the X hype, the lower it will go. Stock dies slowly unless Keith makes a return

$GME Gamestop, I'm sticking to my plan. Daily Hull about to turn bullish. Price resting right under the Gaussian midline. OBV looks pretty cool. MACD looks like its trying to tell us something. Bollinger Bands are super tight. Major call EXP this Friday. Moving averages are tightest I've seen in a long time. IV flatlined. I honestly expected a drop to 21 or lower before this. Maybe it happens by Friday or next week, maybe not. But on 4/17 right before market close, I'm dipping into the water balls deep. I also noticed a interesting pattern comparing now to April 2025 using KDJ. Probably just my schizophrenia. 🧶🐈

@gothburz This is funny. Thanks for the laugh my dude. It's sad but funny, but also sad. I feel bad for Brian, but I also don't if he was a grown man working at GameStop. Sorry Brian and good luck with things.

I am the VP of Corporate Strategy at GameStop. I prepared the investor presentation for a $35 billion Bitcoin acquisition plan. The company is worth $4.6 billion. Nobody on the board asked me to reconcile those two numbers. That's strategic vision. Ryan wants to convert the company into a Bitcoin holding vehicle. I wrote the deck. Forty-seven slides. The first slide says "Transforming GameStop for the Digital Future." The second slide has a Bitcoin chart that goes up and to the right. Slides three through forty-six explain how we will acquire an asset worth 7.6 times our entire market capitalization. Slide forty-seven says "Questions?" There were no questions. The board approved it in under forty minutes. One member was on his phone. That's board alignment. I should explain what GameStop does. We sell video games. Physically. In stores. That people drive to. In 2026. We also sell collectible figurines and refurbished controllers. Annual revenue has declined for five consecutive years. Same-store sales dropped 28% last year. Foot traffic is down 41%. The core business model requires people to leave their house, get in a car, drive to a strip mall, and purchase a physical disc for a console that downloads games digitally. That's our legacy business. Store #4471 in Lima, Ohio, closed in February. The manager's name was Brian. He had been there nine years. He ran a Saturday Smash Bros tournament for neighborhood kids. Forty kids, every weekend, in a store that smelled like used controller rubber and carpet cleaner. I know because he wrote to investor relations. He wanted to know if his location was closing. I forwarded the email to Facilities. They said they would follow up. The store closed three weeks later. We used the lease savings in the Bitcoin acquisition cost model. Cell B7. I labeled it "Operational Reallocation." The lease savings for store #4471 were $6,200 per month. The Bitcoin acquisition target is $35 billion. Brian's store paid for 0.000003% of the plan. That's capital efficiency. The MicroStrategy playbook is simple. You stop pretending the business will recover. You use the stock to buy Bitcoin. The Bitcoin appreciates. The stock appreciates. The stock appreciation lets you buy more Bitcoin. The business underneath becomes irrelevant. I explained this to a junior analyst named Priya. She said "so we just stop being a store?" I said we stop being a store and start being a balance sheet. She asked what happens if Bitcoin goes down. I said that is not on the slides. She asked if I had modeled it. I said the model assumes Bitcoin goes up. That's risk management. In 2021 the retail investors saved us. They bought the stock to fight hedge funds. They held it to prove a point. They made GameStop a symbol of the little guy against the system. They lost money to prove that Wall Street was rigged. We put a framed screenshot of the stock chart in the Grapevine headquarters lobby. The plaque says "The Power of Our Community." We are now asking that community to approve a plan worth 7.6 times the company to buy a speculative asset none of them voted to buy. The proxy statement calls it "treasury diversification." The community that saved us from Wall Street is being asked to let us become Wall Street. That's stakeholder engagement. The company is worth $4.6 billion. The plan costs $35 billion. I put both numbers on the same slide. Nobody asked about the gap. The gap is the point. If you understand the gap, you understand that the company is not the business. The company is the stock. The stock is the vehicle. The vehicle buys Bitcoin. The product is the stock price. The stock price is the product. I have been here four years and I still cannot tell you what we sell. I am the VP of Corporate Strategy. The strategy is to stop having one.