gamestonk.loopring.eth

@EvaderDirt What’s going on in Utah!?

@PhantomBlack699 @GerberKawasaki

@GerberKawasaki You've got half a brain too

Thinking about bidding $300 bil for Goldman. Half cash and half stock. Where will I get the money... half cash, half stock.

Nowadays, everybody wanna talk like they got somethin' to say. But nothin' comes out when they move their lips. Just a bunch of gibberish. And mfs act like they forgot about DK. 🦋

$GME We’re so back

“I’m voting no to Ryan Cohen 10x my $GME investment.” 🤡

@SwamiKnows_ Schwab’s IV calculation showing November 2016 as last time it was lower than today for earnings.

GME 30 day IV in the 40-45 range and crushing a bit on the day of earnings - has to be the lowest it's been since Jan 2021, maybe lowest ever? I don't have access to the data. Very strange! Is something going on? 🧐

The Hollow Men American capitalism is rotting from the head down. We have replaced the "Owner-Operator"—the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider. By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation. This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants. These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else’s ammunition. In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken. Today, we have severed that link. We have rigged the game so that heads, the Insider wins; tails, the shareholder loses. If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a "Golden Parachute" worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived. This looting starts in the boardroom. We have normalized a "Country Club" culture where directors are selected based on social profiling rather than their ability to build a business. The modern board member is often a professional tourist—paid an average of $350,000 a year. Let’s be brutally honest about what that number represents. The average director is paid nearly five times the GDP per capita of the United States. They earn more for attending four quarterly lunches than the vast majority of Americans earn in five years of hard labor. And for what? Most of these directors are "over-boarded," sitting on three or four boards simultaneously. They treat directorships as a gig economy for the elite. They fly in, rubber-stamp a compensation package they didn't read, and fly out. They collect checks from companies they do not understand, do not use, and certainly do not love. They are not there to ask hard questions. They are there to be collegial. They are there to protect the other Insiders. And what happens when these boards hire executives who also have no personal capital at risk? We get the Delegation Economy. When a Risk-Free Insider faces a crisis—bloated expenses, a broken supply chain, or a stale product—they do not roll up their sleeves. They hire a consultant. They pay a strategy firm millions of shareholder dollars to produce a 100-page deck telling them what they already know. This is not management. It is intellectual money laundering. They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake. While American Insiders are busy optimizing their severance packages, our global competitors are optimizing their products. They are not slowed down by bureaucracy. They are not waiting for a slide deck. They are outworking us. If we continue to fill our C-suites with administrators instead of operators, we will lose our edge. We will see iconic American franchises hollowed out by fees, managed for the benefit of the Insiders, while the true owners—the shareholders—are left holding the bag. The time for polite governance is over. If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end.

@AustinTobitt @pulte @ThePPseedsShow @PhantomBlack699 @jake2b Where did the bad butterfly touch you?

Just watched "The Cult of the Dead Stock". How have I not seen this before. You're all sh*t. Grifting. Lying. Pieces. Of. Sh*t. @pulte @ThePPseedsShow @PhantomBlack699 @jake2b All of you.. And more. I have all the dirt I need, but I found more. I'm gonna bury you with it. $BBBYQ youtu.be/C5Bd6YxifCo?si…

What are the whispers saying?

Bringing this up again because if $GME can deploy a large amount of capital at such a point as this - (more stocks bottomed in October 2008 than March 2009), it will do far better than deploying capital in expensive markets. A bit more patience may be all it takes.

@magsonthemoon @squeezistChrist

@jake2b The capital markets will indeed be transformed.

what if the ace up the sleeve for $GME is not about the actual acquisition, but what happens after the acquisition? what if it is Delaware Law Title 8, Chapter 1, Subchapter IX. Merger, Consolidation or Conversion. specifically §251(g)? like many I was surprised to see RC doing the media tour and for the first time, hyping how big their plans will be. I mentioned before that a likely explanation could be they are doing a roadshow for an upcoming traditional bond offering. I also couldn’t help but worry when I read some snippets: “it's gonna be really big. Really big. Very, very, very big," Cohen said of the size of the acquisition.” “this is something that really has never been done before within the history of the capital markets.” “it has the "potential to make [GameStop] worth several hundreds of billions of dollars.” ..because no matter what the Board was planning, the market could make this the largest sell-the-news event in history to try and curb their momentum and sentiment around the pivot of GameStop into a holding company. why would big dog do that? why would he not say basically anything for 5 years then suddenly risk shooting himself in the foot by making grandiose claims about their first acquisition? lets not overlook that in the CNBC article he claims this one acquisition could propel the market cap of the company to the extent his entire pay package vests.. it got me thinking about why he would be so confident. then I found §251(g): “Delaware General Corporation Law Section 251(g) allows a corporation to reorganize into a holding company structure without requiring a stockholder vote. This statutory provision facilitates mergers with a wholly-owned subsidiary, ensuring the holding company has the same charter provisions as the original corporation, often used for corporate restructuring or, historically, for adopting anti-takeover measures.” emphasis mine. it is mainly used to create a new, top-level holding company where the original parent corporation used to be. That old parent co becomes a subsidiary and shareholders receive identical shares in the new holding company. “Section 251(g) facilitates a holding company reorganization merger where outstanding shares of the original corporation are automatically converted into equivalent shares of the new holding company upon the merger’s effective time, provided all statutory conditions are met (e.g., identical rights and no tax recognition). This conversion is seamless and does not require surrendering or recalling physical certificates or shares,..” hang on.. I know exactly what I thought of when I read that. do you remember this? this sure provides a convenient explanation. oh, I can already hear the naysayers.. upon the merger's effective time. do you now remember what happened immediately before September 2024? the Board closed their credit facility and less than one month later, a pre-negotiated, pre-settled agreement was filed by the FTC. I wrote at the time that I believed the Company applied to the FTC for a pre-merger certificate, hence why the settlement came out when it did and that the issuance of the certificate occurred after the second, 30-day review period following the filing of RC's settlement of the FTC violation. that is why he tweeted "yolo" exactly 60 days after the application for the certificate, because he got it. OK back on topic. guess what else? if they want to, a company can reissue shares under §251(g) as tokenized shares even if they weren’t tokenized before, as long as the tokenized shares are identical in all the important respects like rights, voting powers, etc. to the original shares. this is explained in §251(g)(2). “Since §251(g) allows for a holding company reorganization where the new parent issues shares that mirror the originals, the holding company can adopt a blockchain-based stock ledger for its issuance process. This doesn’t violate the “identical” requirement because the form of record-keeping (traditional vs. blockchain) is administrative, not substantive—much like switching from certificated to uncertificated shares, which Delaware law expressly supports.” hang on now.. do you remember the S-3 that was filed in May 2024, defining digital assets inside of the sale agreement contract between GME and Jefferies? for their share offering? GameStop’s current corporate structure looks like this: GameStop Corp (parent) holding company → GameStop Inc (subsidiary) that manages retail operations. the shares are issued for ownership of the parent company. important to understand that the legacy business is managed by a subsidiary. what if in the future GameStop wanted to maintain the brand identity for their retail business as the premier destination for how to spend your leisure time, but wanted to have a new name for their investment behemoth diversified holding company.. like Teddy? they could: • acquire a company that they find undervalued or owning an asset they would want; • place it as a subsidiary of GameStop Corp; • perform a Section 251(g) corporate reorganization; • and name it whatever they want. then it becomes Teddy (probably) → GameStop Corp → GameStop Inc. you may be wondering why? ..well, tell me why shares of GME were labelled new class in 2024? kidding aside, this allows GameStop Corp to keep its current roles: strategic oversight, capital allocation, governance.. the investment policy.., and allows a new parent corporation to be formed to hold all of the acquisitions made by a dying, brick and mortar retailer-turned-investment fortress, managed by big dog and friends. and! it does not require a shareholder vote. that could explain Section 4 of the warrant agreement, specifically why they chose to include legal definitions around a “Share Exchange Event” in the event of a reorganization: it would explain the “new class” anomaly observed in September 2024 (or it was a private placement); it would explain why the ATM agreement would require GME and Jefferies to have explained digital assets in a contract only to do with selling of their shares; and lastly, it could explain why RC is so confident in his interviews with the news media. talk about exciting times. n.b.—this is just my personal opinion and fun speculation.

"You never know what's gonna happen in the financial markets. They can go from green to red and they don't flash yellow" - Ryan Cohen

Final Stop GameStop: The Jig is Up In Part 1, I outlined how he arrived on the scene – we had a talk in 2019 about GameStop and investing. The Chewy founder then made a big splash as an activist with a Form 13D filing later in 2020. He has held on with the diamondest hands. Ryan, the current Executive Chairman, CEO and owner of now about 9% of GameStop stock, ascended to this dual role in September 2023. Let’s take a look at the business as it stands today. Here I will introduce the Scion Analyst Template, in parts. This is a Microsoft Word template I put together for my wayward analysts early in 2006. The idea was to get everyone thinking my way about analyzing stocks. I will now, as I would have in 2006, analyze GameStop stock by working through the template one section at a time. open.substack.com/pub/michaeljbu…

Who’s the one Wall Street analyst actually worth talking to?

@BoilerPaulie @ryancohen

Is @ryancohen making a move to get back above 10% ownership in $GME? With his first Schedule 13D form this month disclosing the Stock Option Award Agreement with the Board, his math showed that the FULL dilutive effect of exercising all 3,734,782 of his warrants is taken into consideration, and that has continued with the 13D filings from yesterday and today. To illustrate this, here are the numbers from the forms filed 1/8, 1/20, and 1/21 from 3 perspectives: without warrants ➡️ adding warrants to beneficial ownership, but not the dilution from exercising them ➡️ adding warrants AND the dilutive effect of exercise 8.34% ➡️ 9.17% ➡️ 9.09% 8.45% ➡️ 9.29% ➡️ 9.21% 8.57% ➡️ 9.40% ➡️ 9.32% the "approximate" numbers quoted in the filings were 9.1%, 9.2%, and 9.3%, respectively. Exactly 6 more days of buying 500k shares at a time would put him at 9.99% ownership -- one day after the 5-year anniversary of the all-time high -- after accounting for dilution from exercising warrants, and it would put him ~57,500 shares away from crossing 10%. GameStop's fiscal quarter ends on January 31. Will he buy through the end of the quarter to get back above 10%?

@jake2b @owlofthematrix @TrevorIRL @youknowwho2b Prompt limit reached. Response on hold for 24 hours.

@owlofthematrix can you please stop commenting on my posts you are becoming unbearably annoying. no one pays me to post that is so low effort and I don’t appreciate you ridiculing my work and trying to discredit me with absolute nonsense. if you are on some expedition to be the main character and shout that you and only you are correct then please go do it somewhere else. to answer your question @TrevorIRL no, the type g and this work does not help owl’s ideas.

ladies and gentlemen I think we have solved the puzzle for $BBBYQ. time to hang my hat on how I believe the $BBBY (old) Chapter 11 was executed—G. more specifically, an IRC § 368(a)(1)(G) Type G Reorganization pursuant to a Section 363 sale. everything fits. all of my unknowns addressed. all clues left behind in the Plan answered. a Type G Reorganization only meets the criteria to use the entire NOL if the NewCo issues shares as a substantial portion (or all) payment for the acquired asset. I hope you find it informative.

First milestones for Gameshire Bathaway. $GME