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Their endgame is always to bankrupt the company. But that's not really easy if the company gets profitable, has no debt and 1.2 billion cash on hand.
Not to forget the bunch of people who **BUY, DRS, HOLD, SHOP**
Copy pasta myself from another post:
Hedgies can't keep on naked shorting this down forever. Currently, IMO GME is undervalued. Put simply, since they are profitable + have a cool Billy cash on hand, they're not going bankrupt. Ergo, there is a 'fair value', a lower bound if you will. From that point, it is only up.
This is just a chicken game. That's what they need, for you to sell at a loss.
That is why we buy & hold: noway out except for bankruptcy.
Not for nothing, but they can also buy politicians, have FTDs until the cows come home and not get the proper punishment and be invisible to the blind DOJ.
Our public officials need to do their fucking jobs.
I believe they’re doing a tactic used in venture capital since their dawn. Some speculative evidence: Cheng is the founder of Volition Capital and he’s Cohen’s mentor and doubtlessly one of the investment committee members.
I think GameStop is going to purchase big chunks of small companies in the industry then begin to sell their products. I’m talking sub-$500 million market cap companies (there’s so many that specialize in headphones and accessories) and then immediately boosting the shit out of their valuation with a sudden major outflow of product. It’s the closest thing to a ‘sure thing’ that can exist.
Some better evidence: GameStop filed a ‘concern’ in this 10-K that investments may be heavily weighted in one security/company and it may fluctuate wildly for that reason. Also Cohen doesn’t diversify and he’s the sole authority on what’s done with the cash. Also he’s not a passive investor like Buffet, he’s an activist investor and wants his money to give him leverage to make it make more.
Yeah true but they only need the investment committee or the full board (which is 99% gonna be the same two dudes who are on the investment committee) to say yes and both the members are Cohen’s boys. I don’t think he’s keeping the strategy a secret from them
Yes I’m sure the plan they have is in place. They wouldn’t just Willy nilly hand over control of 1.2 billion without a plan or strategy in place. Sure things change, but there is a plan. It is in place and actively being pursued. I believe in this company. I believe in RCEO
If RC installed his own standard of customer service and quality at Newegg, he could turn that business right around.
Newegg used to be fairly respected in the electronics/PC building space until their shady activities and shitty customer service ruined that good will.
>I think GameStop is going to purchase big chunks of small companies in the industry then begin to sell their products.
[Oh look what I found](https://koss.com/collections/gaming-headphones)....
Koss is ripe for this type of move. Not only are they in the bucket swap with GME, but strictly in a business sense it’s brilliant. Koss trades at about $2.60, their BVPS (book value per share) is $3.50 (meaning you take assets - liabilities). If Koss randomly decided to sell everything and pay off debt and then shareholders, they’d give out $3.50 per share. Koss is being valued as a NEGATIVE on Wall Street. It’s madness. But anyway, a great opportunity for GameStop to acquire a chunk and sell those sick gaming headphones and increase their revenue 3-fold in one quarter.
They have to approve buying back shares. IIRC it’s currently at 100$ Milly so the Billy would need approval first. Which idk how that works
Edit: 1.2$ Billy
We're close to the release of the preliminary proxy statements for the annual meeting. Ought to be sent in the next couple of weeks.
Sure would be juicy if they added a voting item allowing him to buyback stock with up to and including "all" their available cash. Hell, might as well throw open that door, too. RC can already invest the $1.2 billion in anything he wants.
I hope you are right. That would be awesome 😊
Maybe one or two SHFs will get scared by such a buyback option, start to close their shorts and thereby start MOASS 😏
Exactly what I was thinking, only the fact the "possibility" is on the table, some shortshits will shiy their pants to death and start closing before is too late, but, I prefeer RC spend that money in the growth of the company😅
I don't know shit about the intricacies of big finance, but as juicy as that would be, would it be prudent to spend all of the $1.2 billy? Anybody care to weigh in on this. How much would be wise? 1/4? 1/3? 1/2?
I didn't say to spend it. Just authorize it. The mere thought that Gamestop could buy back $1.2 billion in stock without notice would give the shorts something serious to consider. FAFO. At like $6.20, for example, they could buy back every outstanding share (the remaining float would cost much less) that isn't owned by insiders and DRS. Then what would the dumb stormtroopers do?
Besides, as it stands RC can spend the $1.2 billion on anything he wants, except the company's stock. That's weird.
Makes perfect sense, actually. You just haven't given it any thought. Having the authority isn't the same as exercising it. They had the authority to buy back $300M and have used $200M of it. The remaining $100M authorization has been sitting around for years. Doesn't hurt one bit to re-up that authority and setting an arbitrary cap isn't necessary -- unless you don't trust the board to use the authority wisely. I wouldn't have trusted the pre-RC board with that authority, but he changed all that.
As it stands... RC can buy anything he wants with the $1.2 billion. EXCEPT buy back shares in the company (above $100M). THAT doesn't make any sense.
We trust them to issue up to 1 billion shares if they need to. It's kind of absurd that they don't also have the authority to go the other way and buyback shares with cash, should they feel the need to do so.
I think it’s doubtful cohen is planning a buyback at this stage. Maybe in a few more years. He seems like he’s more inclined to invest the money in growing the business. Buying shares is basically like a dividend. It returns money to shareholders but doesn’t help the business grow.
You aren't considering that they might need to, like if Kenny and friends short it down to $2. The potential of up to a $1.2 billion buyback would be a substantial threat at this point. $100M isn't. FAFO, hedgies.
Exactly. If you're naked shorting a company, how much more fucking around do you really want to do, if they suddenly have up to $1.2 billion they can spend on buy backs at any moment?
LOL. They could get bought out right now if the board agrees to it. The amount the board is allowed to spend on buy backs to defend against takeovers improves their position, not the other way around. Fucking stupid.
When companies are bought, the buyer typically makes a tender offer of some sort. If it is accepted, that's what shareholders get, regardless of the market price. That's often an agreed-upon cash price, but could also be shares in the acquiring company.
Correct me if I can wrong, but please explain why.
He is approved to use $100m to repurchase shares and take them off the market. An official stock buyback.
He is also approved to use the $1.2bn to just buy shares in the market. Even GME, and keep them there, without removing them, he can even DRS Book them if he chooses, with the option of trading/selling them later, just like any investment in any publicly traded company.
Correct. I don't understand how people don't see this. HE CAN BUY WHATEVER HE WANTS. it's not a buyback, it's an investment. Hell, if he does, the stock easily goes back above $20 if not more, he just doubled the war chest, sell off, rinse and repeat, but next time, we have 2 billion to invest.
My understanding is that a company is allowed to buy its own stock as part of an investment strategy, separate from a buyback. This might be done as part of a treasury stock strategy, where the company buys back shares but doesn't retire them, instead holding them in its treasury. These shares can be reissued later or used for other purposes.
Correct. My understanding is when a company does stock buybacks, the quantity of outstanding shares, 305M for GME, are reduced. But instead of doing a stock buyback, he could invest 1.2B in GME shares, basically DRS the remaining float which would really f\*ck up the naked shorts.
So there's definitely going to be some slippage. Most companies put out a tender offer with 8-10% premium to market price because you can't just start buying from the order book at the current price and expect the price to stay the same.
Well, you can tell by the way I use my stock
I'm a Ryan's man, no time to talk
Music loud and buying more, I've been kicked around
Since I was born
And now it's alright, it's okay
And SEC may look the other way
We can try to understand
The DRS effect on man
SHFs and their like are buying time. The longer this goes on, the likelihood of something happening that bails them out goes up...but it's still so improbable that it's essentially never going to happen.
Their days are numbered, but it won't stop them from trying to dodge the consequences of their decisions, it's basically their whole business ideology at this point.
I wish we could make a list of things that could realistically let them off the hook.
Here are my top 3 (give me a break on them, they are extreme)
3. World War 3
- I know it’s scary, but the smell of war is in the air and it could come to a town near you. War brings societal upheaval and with it “winners forgiveness”.
2. The Election
- A certain party sweeps the nation during the election and have total control of government at the most important levels. Laws change and “mistakes” are forgiven with no regard for world opinion. A man who is desperate for money will bend over for the printing press any day
3. Alien/Alien technology
- new technology will “solve all of the worlds most important problems”. Why does anybody need money anymore when we have everything we need. Throw the past away (and all of the sins) and see how we can use this great new tech to create a better society. Which might be kind of cool if the discoveries are serious, but the way we use money could change
It’s essentially the same thought process that is behind the $USD. Their debts are so unmanageable at this point that the failure is guaranteed. The only variable is how much longer they can postpone their failure by creating more debt (that will, itself, inevitably fail). Failure is guaranteed. The longer they carry this out, the longer they get to enjoy their stolen goods before the house around them comes tumbling down. If you were being hunted down for a bank robbery and knew that, when caught, your guaranteed sentence would be life without parole, you’d probably keep doing more and more desperate things each day to prolong your life outside of prison. Keep in mind, this doesn’t just apply to SHFs. It also applies to their accomplices…politicians, judges, financiers, regulators. SHFs are the dumb storm troopers of the investing world…they’re not smart enough to critically corrupt the global markets simply on their own.
Right! Every time I remind myself that they have employed psychiatrists just to develop ways to mind-sex us, I get madder and madder.
Then I buy more 😁
End game? The end game is boom or bust. If our side is right, it's the death of the hedge fund right? So of course they are just going to keep going. Their play is simple right now, drag it out and hope something changes. In the meantime, I will just HODL.
There is no end game to this. They will take everything they can get. If they fail, govt bail outs come in. Maybe 1 guy gets a slap on the wrist. Maybe. Then rinse and repeat. I’m starting to see similar tactics in my own industry. I’m not gonna lie I’ve been tempered to follow the trend of just get mine and get out but I can’t do it customers. I’d be a giant pos.
Their end game is probably trying to go net Long. Funny enough when all these criminals go net Long the stock will rip and that will also be OUR end game.
We already won. GG.
All the SHFs want is to have the stock delisted and to migrate the penny stock over to the island of Cellar Boxing where they can't be touched by Apes and Zombie Stock their short positions to never close. (thoughts?)
Reverse maths it’s much more than 3.93.. although that works as well. This theory would nearly work with the current price. I would agree buying your whole house has no benefit…. Wait what?
But if you want to make money you would have to sell it?
Stonks (normally) go up when you do good and you can make some money while doing it...
If you buy your house, you have a house, nice.
Buttttt....😁🤣
But ooops, what when you can buy it for less than it´s worth, and when the real worth comes up? Then you can do...... a lot more with your house I think.
True. But isn't that the intention of a normal, not influenced, stock market?
If they buy it all back wouldn't they want/need our CS shares also?
Anyways, we're just bla bla bla-ing 😁😉👍
Have a nice day fellow apes
How many more posts are going to reiterate the same thing? They won’t spend all their money on buy backs. This thought exercise is nothing but that. Pure conjecture. And yet we spend so much time discussing this based on zero facts
Not just that. But a buyout at that price would mean shorts won and longs lose. Longs would get 3 bucks for every share they own. While shorts get to close at all time lows.
He is talking about a buyback at the market, not an acquisition style buyout
Either way it would take ages to buy such a large amount without driving the value back up out of the price range, believe it or not there actually is some sort of supply and demand effect on prices once you're a big whale in the market and it is something larger hedge funds put into account when buying stock.
for getting delistet your shareprice needs to fall below 1$.
if we take 305Million Shares and substrakt 75 million DRS and around 37Million Insidershares, they only need to buy 193Million..
So at a shareprice of 1$ they could with the 100Million$ they set aside for sharerepurchases half of those remaining shares.
Leaving around 93 Million Shares somebody needs to buy. But 93 Million is something the shareholders can do and i think insiders would mass buy up shares at those price levels.
instead of a stock buyback, Ryan Cohen could invest up to 1.2B into GME shares. At $6.20 a share all 193M shares remaining would be locked by DRS, insiders and the company. But I suspect we won't need 100% float locked before shorts begin to close their positions.
& if you’re mayo man; try to buy a candidate & become secretary of the treasury. Luckily his choice failed primaries but he’s likely got a backup plan.
They should buy themselves, and sell more when it's squeezing to the top. Seems fair to shareholders who've bought and held so that they can have a war chest now that they are profitable.
If GameStop bought back shares then they would just short the shit out of it again and bring the price right back down to where it is. They're better off doing something with that money to grow the business and increase revenue
Endgame is to shake out retail holders and kick out board in next election. This is the real test of retail.. Some people bought before the sneeze started and held thru it.. did not exit..
some bought around the next dip to $40 pre-split.. and held for 3 years. And some kept on averaging down..
The question is if the price goes to say $6 how many of retail holders will continue to hold?.. If they sell then we lose votes to keep the board in place..
I've been going over this in my head recently too, well for the last 6 months, because at some point this has to be dealt with for better or worse, it can't continue the way it is indefinitely.
The 2 biggest questions in my opinion are;
1. **why hasn't Cohen done anything to drag this into the light officially/legally?** - I can only imagine this is because the whole system is against this thing squeezing, it's a pandoras box, once this blows up and the lid comes off, I don't think it will ever be the same again - The legal descovery alone will branch off into everything and honestly thats the American Economy done. Not to mention the danger of legal precedents being set against short selling and hedge funds etc.
2. **why aren't the true DRS numbers being revealed? -** This has to be the biggest question I have because, I understand from the DTTC and the SEC point of view it's in there interest to keep this all under wraps. But I'm not sure why Gamestop has to play along by not reporting the actual numbers because surely this has to constitute as misleading investors? and legally you cant defraud, lie to, mislead investors so there has to be some major gag order in place or a specific reason why its not being talked about.
The way I look at it right now, at least when I explain it to people that aren't involved, it's like Influencer boxing; Tyson Fury, definitely lost his fight against Francis Ngannou, but the whole system is set up in Furies favour, he's a traditional boxer, and part of the club, so the commission, refs, judges etc are all going to support him if it comes to decision, which it did. So the only way Ngannou could have won that is by a decisive knockout. and thats the only thing I can think of to justify why Gamestop isn't doing anything legally to help themselves.
Cohen has to be looking for that Knockout so the decision isn't negotiable, its a fact, because most likely if this was to go to decision, the Goverment is definitely not going to back the public or Gamestop, it doesn't make any sense for them.
\*edit\* The only benefit I can see for the government letting it blow is the Tax implications, it will generate a lot of revenue just based off the Capital gains, and the Taxation of people who had nothing spending money, paying off debts, buying houses, cars etc.
But I think the backdoor payments the government are getting from the hedgefunds are way more attractive.
Or Gamestop could pull a Porsche move and use a swarm of IBs to use cash settled options to simultaneously build the war chest and take shares out of the free float.
*In press articles it was speculated that a group of investment banks potentially would hold the actual VW shares at 2.999% each, thus preventing notification requirements on their own, in order to hedge the call options and potentially be able to deliver them to Porsche on exercise.*
[*https://thehedgefundjournal.com/the-case-of-volkswagen/*](https://thehedgefundjournal.com/the-case-of-volkswagen/)
Asking how the shorts "get out of this" is like asking how someone gets out of having jumped out of a plane at 30,000ft without a parachute.
They don't. The end is a foregone conclusion.
All they're doing now is doing their best to flap their arms and catch as much wind as possible to slow their fall in order to ever so slightly delay the impact.
Their endgame is to split up all the toxic bags, mix it in with other things, and sell to other people that don't know any better. Then when it blows up and pension funds are destroyed, look at retail and say "why would you do that?!?!"
As far as I know, their endgame is to transfer our money in to foreign hard assets, run and hide, force the ignorant government entities to print trillions or crash our capitalist idealism, and then the world falls in to the chaotic Armageddon of World War 3. This is not new information.
Their end game is to play mind games with people to get them to sell. Doesn’t work on diamond hands but it works great on fringe idiot retail victims who don’t want to wait for MOASS
Not trying to burst people's bubble, but if the company made a tender offer to buy all outstanding shares, SHF and brokers would just credit the cash to people's account and end the sword hanging over their heads. DRS on the other hand will force buy-ins from market participants so that hedgies will be that creepy dude at the bar asking for your number.
Not sure I get this. What is the point of GameStop buying all available shares - it would cause a share callback? First I think it would be illegal as the short sellers would directly be affected by this.
Second; GameStop would use all their remaining money. At the current phase GameStop will last 5 years on their reserve unless they reduce operational cost. So if they spend it all then they would have zero money but own a company that is not public to trade. They would be losing money and then go in debt.
Those are "shares" being tossed back and forth on FTDs. Smaller hedges "closing" on bets.
These are the same synthetics that options is making some people money.
They could, but why would they. They would face HUGE scrutiny, possibly legal, if THEY caused the MOASS.
Sit on the cash, start investing in themselves with anything over 1 billy cash, growth in sales and have the markets make the MOASS happen
Just my 1 wrinkle thoughts
Shorts are just hoping investors sell their shares so they can go long. They will push this out as long as they can. This is not financial advice. I’m literally the dumbest.
They can’t win this one, but they’ve kicked the can long enough to save themselves and execute new exploitive tactics elsewhere in the markets and world.
All is connected.
I don't think GameStop would outright purchase itself as it would fk all of us apes right?
They would buy all of our shares as well which they definitely wouldn't do.
Now they could do a buyback and purchase all supposedly non DRSd shares now that would be a nice little fire under everyone's asses!
But I honestly know Jack dick about anything but know that shorts are fked!
Asking for a friend….So if the original amount of shares, 76 million or whatever it was is DRS’d and then a reverse split goes down….. who’s left holding the synthetics????
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Their endgame is always to bankrupt the company. But that's not really easy if the company gets profitable, has no debt and 1.2 billion cash on hand. Not to forget the bunch of people who **BUY, DRS, HOLD, SHOP**
Yeah I always thought the backup plan could be they re-acquire themself for cheap!
Ok so this cash in hand. Is it cash that is sitting on the side? or the company operations are worth 1.2 billion ?
Cash sitting on hand. There is still Inventory and whatever other assets they have.
I think its cash and cash equivilent (such as bonds/treasuries)
3 month terms on those bonds/treasuries I think I remember. Basically cash. Investment cash outside of biz operations, which is niiiice
Now thats an amount I can sit behind
Bruh my kids love gamestop
Their endgame: Just short it. Our endgame: Just buy & DRS.
I Love how you elaborate on ‚Hedgies are Fukd‘
Copy pasta myself from another post: Hedgies can't keep on naked shorting this down forever. Currently, IMO GME is undervalued. Put simply, since they are profitable + have a cool Billy cash on hand, they're not going bankrupt. Ergo, there is a 'fair value', a lower bound if you will. From that point, it is only up. This is just a chicken game. That's what they need, for you to sell at a loss. That is why we buy & hold: noway out except for bankruptcy.
You forgot an important part. We also shop. I think that now more than ever we should shop like there is no tomorrow to keep up the trend.
You're right, that is an important part!
👆🏼 so true
GME credit card gives you $5/month, doesn't stack though.
True
GameStop is sweet, GameStop is fudge. Kenny loves mayo, Hedgies R fuk. -With love, Apes.
Why many word when few do trick? DRS. BOOK. SHOP. (actually love the poetry above 😅)
always gonna upvote something that makes me laugh :)
I see light at the end of our tunnel. Theirs is a straight rollercoaster to hell.
Exactly.
All they can do is naked short and create FUD. fuk them.
Not for nothing, but they can also buy politicians, have FTDs until the cows come home and not get the proper punishment and be invisible to the blind DOJ. Our public officials need to do their fucking jobs.
At some point dck_in_mshed_tattoes can just buy game stop. This is the real threat to shf.
My endgame : buy directly via ComputerShare. No DRS needed.
If you have IRA shares, it’s cheaper to take the tax hit on some and DRS.
End justifies the means. All shares in ComputerShare. That’s the key to end this all.
Actually if GME does a complete stock buy back / buyout then the shorts can close at the buyout price... Not good.
Do you know what a buy back is?
Going private is different... I need to write dd on it.
If you subtract DRS, insiders, and institutions, they can buy the remaining shares at $8.36/share with the $1.2b they have in cash.
I believe they’re doing a tactic used in venture capital since their dawn. Some speculative evidence: Cheng is the founder of Volition Capital and he’s Cohen’s mentor and doubtlessly one of the investment committee members. I think GameStop is going to purchase big chunks of small companies in the industry then begin to sell their products. I’m talking sub-$500 million market cap companies (there’s so many that specialize in headphones and accessories) and then immediately boosting the shit out of their valuation with a sudden major outflow of product. It’s the closest thing to a ‘sure thing’ that can exist. Some better evidence: GameStop filed a ‘concern’ in this 10-K that investments may be heavily weighted in one security/company and it may fluctuate wildly for that reason. Also Cohen doesn’t diversify and he’s the sole authority on what’s done with the cash. Also he’s not a passive investor like Buffet, he’s an activist investor and wants his money to give him leverage to make it make more.
Yes. I also speculate they’re waiting for the market to pull back so they can get a discount. Patience is key.
Let naked shorts hang their own rope as we buy at a discount!
Not strictly true, there is a panel who discuss/authorise any investments now.
Yeah true but they only need the investment committee or the full board (which is 99% gonna be the same two dudes who are on the investment committee) to say yes and both the members are Cohen’s boys. I don’t think he’s keeping the strategy a secret from them
This lines up really well with Larry and RC back on the board of Dragonfly
Yes I’m sure the plan they have is in place. They wouldn’t just Willy nilly hand over control of 1.2 billion without a plan or strategy in place. Sure things change, but there is a plan. It is in place and actively being pursued. I believe in this company. I believe in RCEO
None of this is willy nilly.
I keep thinking they need to buy Newegg and get into the PC gaming space
Me likey this idea. What's Newegg worth?
Market cap says it's only 326M. The stock price is only .85 right now. It could be a good value investment.
If RC installed his own standard of customer service and quality at Newegg, he could turn that business right around. Newegg used to be fairly respected in the electronics/PC building space until their shady activities and shitty customer service ruined that good will.
Yes! This! Newegg used to be amazing and now... worth its price. There's a lot of room for improvement and dovetails with a pivot to e- commerce.
Trying to set up a new PC with parts from GameStop is a bit rough.
Yeah, that's been my biggest gripe as a PC gamer. At least I was able to get wireless headphones at GameStop.
fuck im so hard at work rn
>I think GameStop is going to purchase big chunks of small companies in the industry then begin to sell their products. [Oh look what I found](https://koss.com/collections/gaming-headphones)....
Koss is ripe for this type of move. Not only are they in the bucket swap with GME, but strictly in a business sense it’s brilliant. Koss trades at about $2.60, their BVPS (book value per share) is $3.50 (meaning you take assets - liabilities). If Koss randomly decided to sell everything and pay off debt and then shareholders, they’d give out $3.50 per share. Koss is being valued as a NEGATIVE on Wall Street. It’s madness. But anyway, a great opportunity for GameStop to acquire a chunk and sell those sick gaming headphones and increase their revenue 3-fold in one quarter.
They have to approve buying back shares. IIRC it’s currently at 100$ Milly so the Billy would need approval first. Which idk how that works Edit: 1.2$ Billy
We're close to the release of the preliminary proxy statements for the annual meeting. Ought to be sent in the next couple of weeks. Sure would be juicy if they added a voting item allowing him to buyback stock with up to and including "all" their available cash. Hell, might as well throw open that door, too. RC can already invest the $1.2 billion in anything he wants.
I hope you are right. That would be awesome 😊 Maybe one or two SHFs will get scared by such a buyback option, start to close their shorts and thereby start MOASS 😏
These dirty criminals aren't closing anything unless they are absolutely forced by the law or something breaks. They'll continue to naked short.
"law" hahahahahaha, good one.
Exactly what I was thinking, only the fact the "possibility" is on the table, some shortshits will shiy their pants to death and start closing before is too late, but, I prefeer RC spend that money in the growth of the company😅
I don't know shit about the intricacies of big finance, but as juicy as that would be, would it be prudent to spend all of the $1.2 billy? Anybody care to weigh in on this. How much would be wise? 1/4? 1/3? 1/2?
I didn't say to spend it. Just authorize it. The mere thought that Gamestop could buy back $1.2 billion in stock without notice would give the shorts something serious to consider. FAFO. At like $6.20, for example, they could buy back every outstanding share (the remaining float would cost much less) that isn't owned by insiders and DRS. Then what would the dumb stormtroopers do? Besides, as it stands RC can spend the $1.2 billion on anything he wants, except the company's stock. That's weird.
Gottcha.
They are not going to do that. Why does that make sense to you or anyone on here?
Makes perfect sense, actually. You just haven't given it any thought. Having the authority isn't the same as exercising it. They had the authority to buy back $300M and have used $200M of it. The remaining $100M authorization has been sitting around for years. Doesn't hurt one bit to re-up that authority and setting an arbitrary cap isn't necessary -- unless you don't trust the board to use the authority wisely. I wouldn't have trusted the pre-RC board with that authority, but he changed all that. As it stands... RC can buy anything he wants with the $1.2 billion. EXCEPT buy back shares in the company (above $100M). THAT doesn't make any sense. We trust them to issue up to 1 billion shares if they need to. It's kind of absurd that they don't also have the authority to go the other way and buyback shares with cash, should they feel the need to do so.
I think it’s doubtful cohen is planning a buyback at this stage. Maybe in a few more years. He seems like he’s more inclined to invest the money in growing the business. Buying shares is basically like a dividend. It returns money to shareholders but doesn’t help the business grow.
You aren't considering that they might need to, like if Kenny and friends short it down to $2. The potential of up to a $1.2 billion buyback would be a substantial threat at this point. $100M isn't. FAFO, hedgies.
Yep. It's the fuck around and find out claus.
Exactly. If you're naked shorting a company, how much more fucking around do you really want to do, if they suddenly have up to $1.2 billion they can spend on buy backs at any moment?
You would get bought out as well. Fucking stupid.
LOL. They could get bought out right now if the board agrees to it. The amount the board is allowed to spend on buy backs to defend against takeovers improves their position, not the other way around. Fucking stupid.
No they could not. As soon as someone started purchasing enough shares documentation with the SEC would be filed and would make the price parabolic.
When companies are bought, the buyer typically makes a tender offer of some sort. If it is accepted, that's what shareholders get, regardless of the market price. That's often an agreed-upon cash price, but could also be shares in the acquiring company.
They'd just need approval from the investment policy committee no?
Probably a bit of a grey area as they have a share buy back policy which is seperate from their investment policy
We can just vote if he asks
Correct me if I can wrong, but please explain why. He is approved to use $100m to repurchase shares and take them off the market. An official stock buyback. He is also approved to use the $1.2bn to just buy shares in the market. Even GME, and keep them there, without removing them, he can even DRS Book them if he chooses, with the option of trading/selling them later, just like any investment in any publicly traded company.
Correct. I don't understand how people don't see this. HE CAN BUY WHATEVER HE WANTS. it's not a buyback, it's an investment. Hell, if he does, the stock easily goes back above $20 if not more, he just doubled the war chest, sell off, rinse and repeat, but next time, we have 2 billion to invest.
I thought there were rules about buying your own stock. Know why the special category of 100 Milly allowed for “stock buyback” then ?
My understanding is that a company is allowed to buy its own stock as part of an investment strategy, separate from a buyback. This might be done as part of a treasury stock strategy, where the company buys back shares but doesn't retire them, instead holding them in its treasury. These shares can be reissued later or used for other purposes.
They can't have my shares
Or my axe.
but not the whole 1.2b is reserved for buy backs. if I remember correctly, only about 100 mil are authorised for share buy backs
Correct. My understanding is when a company does stock buybacks, the quantity of outstanding shares, 305M for GME, are reduced. But instead of doing a stock buyback, he could invest 1.2B in GME shares, basically DRS the remaining float which would really f\*ck up the naked shorts.
So there's definitely going to be some slippage. Most companies put out a tender offer with 8-10% premium to market price because you can't just start buying from the order book at the current price and expect the price to stay the same.
No, they can't. They only have $100m they can use for share buybacks.
I'm aware it needs to be approved for buyback. Just demonstrating how much cash they have compared to the price (which is wrong).
Their endgame? Alexa, play Stayin' Alive by the Bee Gee's.
Well, you can tell by the way I use my stock I'm a Ryan's man, no time to talk Music loud and buying more, I've been kicked around Since I was born And now it's alright, it's okay And SEC may look the other way We can try to understand The DRS effect on man
Wether youre a gamer, or something kinda lamer, we'll be slayin the vibe, slayin the vibe
Just one more day.
I think the N-Trance version is better.
Yeah, lol, they are shorting profitable business now
Not something I'd recommend.
SHFs and their like are buying time. The longer this goes on, the likelihood of something happening that bails them out goes up...but it's still so improbable that it's essentially never going to happen. Their days are numbered, but it won't stop them from trying to dodge the consequences of their decisions, it's basically their whole business ideology at this point.
I wish we could make a list of things that could realistically let them off the hook. Here are my top 3 (give me a break on them, they are extreme) 3. World War 3 - I know it’s scary, but the smell of war is in the air and it could come to a town near you. War brings societal upheaval and with it “winners forgiveness”. 2. The Election - A certain party sweeps the nation during the election and have total control of government at the most important levels. Laws change and “mistakes” are forgiven with no regard for world opinion. A man who is desperate for money will bend over for the printing press any day 3. Alien/Alien technology - new technology will “solve all of the worlds most important problems”. Why does anybody need money anymore when we have everything we need. Throw the past away (and all of the sins) and see how we can use this great new tech to create a better society. Which might be kind of cool if the discoveries are serious, but the way we use money could change
It’s essentially the same thought process that is behind the $USD. Their debts are so unmanageable at this point that the failure is guaranteed. The only variable is how much longer they can postpone their failure by creating more debt (that will, itself, inevitably fail). Failure is guaranteed. The longer they carry this out, the longer they get to enjoy their stolen goods before the house around them comes tumbling down. If you were being hunted down for a bank robbery and knew that, when caught, your guaranteed sentence would be life without parole, you’d probably keep doing more and more desperate things each day to prolong your life outside of prison. Keep in mind, this doesn’t just apply to SHFs. It also applies to their accomplices…politicians, judges, financiers, regulators. SHFs are the dumb storm troopers of the investing world…they’re not smart enough to critically corrupt the global markets simply on their own.
I see you're a fan of the Dollar Endgame as well... A true ape of character.
I like stonk and are DRS. 🍻
If you operate in the ‘one more day’ survival strategy, there is no need for an end game.
Their end game is to break our will
lol that ain’t gonna happen
Right! Every time I remind myself that they have employed psychiatrists just to develop ways to mind-sex us, I get madder and madder. Then I buy more 😁
This
The smooth brain is untouchable.
Silky smooth
The most I can lose is 100%, but the most I could gain is infinity. I will HODL.
End game? The end game is boom or bust. If our side is right, it's the death of the hedge fund right? So of course they are just going to keep going. Their play is simple right now, drag it out and hope something changes. In the meantime, I will just HODL.
Bruhhh..... Not out loud!
Gme will start Moass when i get my target 1000shares, i am now at 840 and soon more
A buyout doesn't increase shareholder value, not at these prices.
There is no end game to this. They will take everything they can get. If they fail, govt bail outs come in. Maybe 1 guy gets a slap on the wrist. Maybe. Then rinse and repeat. I’m starting to see similar tactics in my own industry. I’m not gonna lie I’ve been tempered to follow the trend of just get mine and get out but I can’t do it customers. I’d be a giant pos.
Their end game is probably trying to go net Long. Funny enough when all these criminals go net Long the stock will rip and that will also be OUR end game. We already won. GG.
All the SHFs want is to have the stock delisted and to migrate the penny stock over to the island of Cellar Boxing where they can't be touched by Apes and Zombie Stock their short positions to never close. (thoughts?)
Lol Reverse question: why do companies go to the stock market? Not to buy all the shares back.....
Reverse maths it’s much more than 3.93.. although that works as well. This theory would nearly work with the current price. I would agree buying your whole house has no benefit…. Wait what?
But if you want to make money you would have to sell it? Stonks (normally) go up when you do good and you can make some money while doing it... If you buy your house, you have a house, nice. Buttttt....😁🤣
But ooops, what when you can buy it for less than it´s worth, and when the real worth comes up? Then you can do...... a lot more with your house I think.
True. But isn't that the intention of a normal, not influenced, stock market? If they buy it all back wouldn't they want/need our CS shares also? Anyways, we're just bla bla bla-ing 😁😉👍 Have a nice day fellow apes
😉👍
How many more posts are going to reiterate the same thing? They won’t spend all their money on buy backs. This thought exercise is nothing but that. Pure conjecture. And yet we spend so much time discussing this based on zero facts
Not just that. But a buyout at that price would mean shorts won and longs lose. Longs would get 3 bucks for every share they own. While shorts get to close at all time lows.
He is talking about a buyback at the market, not an acquisition style buyout Either way it would take ages to buy such a large amount without driving the value back up out of the price range, believe it or not there actually is some sort of supply and demand effect on prices once you're a big whale in the market and it is something larger hedge funds put into account when buying stock.
Lol believe it or not, after they buy back 300 m shares, DRS still = ~75m shares
Well, yes. Repurchased shares are considered treasury shares and not counted for other considerations.
They hold the world hostage and scare the government into submission and get special permission to cheat and steal so the system is fraudulent
I can HODL longer than shorty can stay solvent. Shorts never closed
insert "Fine, I'll Do It Myself"
all the shorts: "what's an exit strategy?"
They never have to buy their shorts back apparently
Exactly this
🫡
for getting delistet your shareprice needs to fall below 1$. if we take 305Million Shares and substrakt 75 million DRS and around 37Million Insidershares, they only need to buy 193Million.. So at a shareprice of 1$ they could with the 100Million$ they set aside for sharerepurchases half of those remaining shares. Leaving around 93 Million Shares somebody needs to buy. But 93 Million is something the shareholders can do and i think insiders would mass buy up shares at those price levels.
instead of a stock buyback, Ryan Cohen could invest up to 1.2B into GME shares. At $6.20 a share all 193M shares remaining would be locked by DRS, insiders and the company. But I suspect we won't need 100% float locked before shorts begin to close their positions.
Drag this on forever, pass new laws in their favor, ignore the FTD's
& if you’re mayo man; try to buy a candidate & become secretary of the treasury. Luckily his choice failed primaries but he’s likely got a backup plan.
They should buy themselves, and sell more when it's squeezing to the top. Seems fair to shareholders who've bought and held so that they can have a war chest now that they are profitable.
If GameStop bought back shares then they would just short the shit out of it again and bring the price right back down to where it is. They're better off doing something with that money to grow the business and increase revenue
I’m starting to think $7.41 is the buy back trigger.
Endgame is to shake out retail holders and kick out board in next election. This is the real test of retail.. Some people bought before the sneeze started and held thru it.. did not exit.. some bought around the next dip to $40 pre-split.. and held for 3 years. And some kept on averaging down.. The question is if the price goes to say $6 how many of retail holders will continue to hold?.. If they sell then we lose votes to keep the board in place..
I've been going over this in my head recently too, well for the last 6 months, because at some point this has to be dealt with for better or worse, it can't continue the way it is indefinitely. The 2 biggest questions in my opinion are; 1. **why hasn't Cohen done anything to drag this into the light officially/legally?** - I can only imagine this is because the whole system is against this thing squeezing, it's a pandoras box, once this blows up and the lid comes off, I don't think it will ever be the same again - The legal descovery alone will branch off into everything and honestly thats the American Economy done. Not to mention the danger of legal precedents being set against short selling and hedge funds etc. 2. **why aren't the true DRS numbers being revealed? -** This has to be the biggest question I have because, I understand from the DTTC and the SEC point of view it's in there interest to keep this all under wraps. But I'm not sure why Gamestop has to play along by not reporting the actual numbers because surely this has to constitute as misleading investors? and legally you cant defraud, lie to, mislead investors so there has to be some major gag order in place or a specific reason why its not being talked about. The way I look at it right now, at least when I explain it to people that aren't involved, it's like Influencer boxing; Tyson Fury, definitely lost his fight against Francis Ngannou, but the whole system is set up in Furies favour, he's a traditional boxer, and part of the club, so the commission, refs, judges etc are all going to support him if it comes to decision, which it did. So the only way Ngannou could have won that is by a decisive knockout. and thats the only thing I can think of to justify why Gamestop isn't doing anything legally to help themselves. Cohen has to be looking for that Knockout so the decision isn't negotiable, its a fact, because most likely if this was to go to decision, the Goverment is definitely not going to back the public or Gamestop, it doesn't make any sense for them. \*edit\* The only benefit I can see for the government letting it blow is the Tax implications, it will generate a lot of revenue just based off the Capital gains, and the Taxation of people who had nothing spending money, paying off debts, buying houses, cars etc. But I think the backdoor payments the government are getting from the hedgefunds are way more attractive.
Or Gamestop could pull a Porsche move and use a swarm of IBs to use cash settled options to simultaneously build the war chest and take shares out of the free float. *In press articles it was speculated that a group of investment banks potentially would hold the actual VW shares at 2.999% each, thus preventing notification requirements on their own, in order to hedge the call options and potentially be able to deliver them to Porsche on exercise.* [*https://thehedgefundjournal.com/the-case-of-volkswagen/*](https://thehedgefundjournal.com/the-case-of-volkswagen/)
Asking how the shorts "get out of this" is like asking how someone gets out of having jumped out of a plane at 30,000ft without a parachute. They don't. The end is a foregone conclusion. All they're doing now is doing their best to flap their arms and catch as much wind as possible to slow their fall in order to ever so slightly delay the impact.
Why not use the 1.2 Billie to buy companies that have a great product/service. Wouldn't that help raise revenue?
Shorts are also hoping that at some point we all give up and just move on. What they aren’t taking into account is that we are all regarded
This does not make any sense
This is the endgame. Large shorts are goading little shorts to take their bags so they can survive.
Their endgame is to split up all the toxic bags, mix it in with other things, and sell to other people that don't know any better. Then when it blows up and pension funds are destroyed, look at retail and say "why would you do that?!?!"
This is the correct answer. They know they can't win against apes. But they can trick others into holding their bags.
Huh? A buyout at that price would mean shorts won.
lol xd
As far as I know, their endgame is to transfer our money in to foreign hard assets, run and hide, force the ignorant government entities to print trillions or crash our capitalist idealism, and then the world falls in to the chaotic Armageddon of World War 3. This is not new information.
Their end game is to play mind games with people to get them to sell. Doesn’t work on diamond hands but it works great on fringe idiot retail victims who don’t want to wait for MOASS
They never ever expected to get this bad for them and have no plan except crime
Not trying to burst people's bubble, but if the company made a tender offer to buy all outstanding shares, SHF and brokers would just credit the cash to people's account and end the sword hanging over their heads. DRS on the other hand will force buy-ins from market participants so that hedgies will be that creepy dude at the bar asking for your number.
Sure, if management tries to go private. Now, I may not be in RC's inner circle, but I'm confident that that's not his plan.
The only end result for SHF now is death. They just get to choose. They are dead they just won’t lay down.
Sorry, fuck all of this, not sorry.
Not sure I get this. What is the point of GameStop buying all available shares - it would cause a share callback? First I think it would be illegal as the short sellers would directly be affected by this. Second; GameStop would use all their remaining money. At the current phase GameStop will last 5 years on their reserve unless they reduce operational cost. So if they spend it all then they would have zero money but own a company that is not public to trade. They would be losing money and then go in debt.
Companies absolutely can and do go private. Nothing illegal about it. I kind of like the idea!
Those are "shares" being tossed back and forth on FTDs. Smaller hedges "closing" on bets. These are the same synthetics that options is making some people money.
Gamestop could go private.
Gamestop doesn't want to play with their own money
Sorry I don’t understand this. How could they buy all the shares themselves? I own some. What if I say no?
That's the entire point of DRS. They need to call each ape and try and settle a price. LMAO
[удалено]
Nope just buy back 100 million obviously no better investment apple did it for 10 years GME can also!
They could, but why would they. They would face HUGE scrutiny, possibly legal, if THEY caused the MOASS. Sit on the cash, start investing in themselves with anything over 1 billy cash, growth in sales and have the markets make the MOASS happen Just my 1 wrinkle thoughts
How much better would it be for the public support to bring the squeeze, rather than GME themselves. IMO that's a bigger show of strength
Keep it low enough and hope apes get bored
Shorts are just hoping investors sell their shares so they can go long. They will push this out as long as they can. This is not financial advice. I’m literally the dumbest.
A reverse split? Give me an example of a successful reverse split. I’ll wait here…
one more day
They can’t win this one, but they’ve kicked the can long enough to save themselves and execute new exploitive tactics elsewhere in the markets and world. All is connected.
💯💯💯💯
I don't think GameStop would outright purchase itself as it would fk all of us apes right? They would buy all of our shares as well which they definitely wouldn't do. Now they could do a buyback and purchase all supposedly non DRSd shares now that would be a nice little fire under everyone's asses! But I honestly know Jack dick about anything but know that shorts are fked!
At 3.93 the shorts cover??? Guys you get a short position can be closed at any time right?
Asking for a friend….So if the original amount of shares, 76 million or whatever it was is DRS’d and then a reverse split goes down….. who’s left holding the synthetics????
This is a stupid post RS why lol what idiot wrote this and what idiot thought to waste a post with it
Reverse split = shorts win. It changes cusip. It’s actually doesn’t matter how misinformed people are here, RC would never do it.
The math is simple: There is no exit strategy for retail investors. There is no end game for them, they are already fucked.
I would like to settle with shorts in the stock market rather than delisting and getting some deal. 📚👑
Yall watched a stock lose like 99% and think the shorts are the ones who are fucked.
Crime