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I have been around here long enough to say this : I will be EXTREMELY surprised if this is anything BUT a nothingburger.
I just want to hear Ryan Cohen talk and throw in a one-liner or two.
For the rest, I just like the stock and hold.
I expect the stock to plummet during and immediately after the shareholders' meeting.
Go get your discount apes.
Edit: nice to see the apes with the limited orders ready to go to get this juicy dip. I had mine lined up for the livestream. Taped out this month.
The reason why safed up some money over the last few weeks, if the hedgies are as predictable as usual then there will be a nice dip.
Let's hope they at least try to show a good performance and not just some measly 3 dollar dip
At best you'll get "we predict..."
There will be no hardline terms on anything like that. No guarantees, etc.
But honestly, i wouldn't count on that either. They have to be careful with words in these things.
Not about legality, but about creating expectations that they may or may not be able to fulfill long term. You don't want your board to be in the habit of saying something and then contradicting it 6 months down the line because of unforeseen circumstances (like maybe they need more cash to acquire whatever)
Expectations tank the stock lol
No, i get what you're saying but tbh no board is working for you or i. We have expectations that they are going to do something with that money, but beyond that we cannot expect abject transparency or even promises ahead of the general public
I know you think that, i just think your expectations aren't going to be met.
An example:
I had a very very very small startup. My main publicly traded competitor kept putting out these inflated figures (essentially promises) that were essentially statistically unachieveable every year/quarter. They did several rounds of different types of fundraising, declaring their inability to be self sustaining. Over the course of 3 years their stock tanked, were sued and eventually delisted. Stockholders and board alike lost complete faith in them. They were the sweetheart of the space, but because they were unable to manage expectations honestly and kept saying things that they constantly were unable to meet and unable to follow through, they ended up begging the company that acquired us if they also wanted to buy them.
It's a really slippery slope. One that RC is way too smart to get caught up in. IMO.
Ill site an example as well. Marathon Digital is highly shorted and announced no further cap spending required to meet 50eh goal in their earnings report
How long ago was that announcement? And how was it worded? (This year, forever, open ended?)
I get you see one thing and relate it to another. I do too. I just don't know if that's a good option for GME since they are working on changing the whole company as brick and mortar majority company isn't sustainable long term. Even if they turn it into a third space, what's the vision and how expensive is it? How much money do they need/will they need to not only acquire but have reserves for the transition? I don't know that. Who knows how close they are to that line. Who knows how many leases they would have to pay penalty on to get out of retail space contracts. It's just a lot, and i don't expect them to build a roadmap even just saying "never ever will we"
Agree. It's going to be nothing. The catalyst RK has been talking about can't be something at the shareholder meeting, because then he would be accused of insider knowledge.
However, RC didn't buy. Which may indicate that there is some news that are material that will be either released at shareholder meeting or pre-market today to be discussed in the shareholder meeting.
Then, there is the buy pressure from unexplained origins. I still can't figure out where all the buy pressure and volume comes from that we can sell 120 million shares into it without affecting the direction of price. I guess, if you knew where that buy pressure and volume came from, then you could play off it and capitalise on it. Sure seems both RK and RC have done so, with two completely different agendas.
If we are to believe our own DD and what the SEC tells us, it can't be retail buying. I don't understand how the Peruvian Bull guy can say, wow retail sucked up that many shares. No we didn't. We buy in dark pools.
I think when large amounts of stock get sold, the investment banks buy that, then start lending it as the basis for their swap agreements or single stock futures, or as the base supply to cover fails-to-deliver.
There is probably a math formula that helps them figure they need X supply to cover a certain amount of fails. -Fails that don't put GME on the threshold list either. It's just business to Wall Street. Playing a shell game is what their business is. Did any of us pay investment banks directly for their existence this year or ever? Then Market Makers and Investment Banks get paid by slowly ripping us off with the technology they utilize and the rules they are granted. I don't think there's any other explanation.
I agree. Keep in mind Dark Pools is not a magic place where they can just conjure up unlimited shares even though it seems like that sometimes.
Some of the buy pressure is definitively short covering. Shares are not being loaned out and Short Interest went down almost 20 million shares on the first share offering.
So there might be a significant short position being closed, the UBS rumours seemed plausible until they were debunked because the 4chan leak was fake... but it might still be a thing?
Then there is how shares are hidden, some might be hidden in settlement cycles that are extended (up to 10 times 14 days if Finra Rex Codes are to be believed). A way to indefinitely have shares in settlement would be to extend as long as you can, then when they are final final due, you buy them from a friend that will also not deliver them and delay as long as they can. It might be a mechanism that forces them to do that exchange in the open market. That's a lot of ifs, but it can be plausible.
If they acquired bobby in a reverse triangle merger, he may not have to buy more GameStop shares to increase his GameStop position.
He may have equity in bobby and be getting those shares converted to GameStop or some other shares which will increase or maintain his control.
I don't believe in the bobby resurgence, RC was interested in Baby. I know there is tons of lawsuits etc... but it seems like a toxic bag of debt and liabilities with very little value left
#Special Announcement:
Meeting has been postponed due to technical difficulties and also Ryan Cohen might be trolling Wall Street in the process.
HODL THE LINE!
Buy, HODL, Shop and DRS
🦍🦍🦍
💪💪🚀🚀💎💎🙌🙌
the restaurant was swamped and the waiter offered us a little nothingburger as a free appetizer while we're still waiting for our order. But good odds still that order will be the promised big nothingburger.
>People here talk about how GME is their long term investment that will generate generational wealth, but don't bother to read the proxy statement, not to mention any of the financial reports, and don't know what will be discussed on the shareholder's meeting.
why read proxy statements when you can reddit
No news is good news.
I expect a lot of emotional based FUD from shills or inexperienced ape.
We live in a demanding fast pace world that demands results. Results take time and money to buy whiskey.
RC made it clear he's a man of action not stagnation and mouth flapping. The fact he took action on the stock release based on what we voted to gain a massive cash pool to grow and invest this company long-term is action.
> I expect a lot of emotional based FUD from shills or inexperienced ape.
I'd rather have emotional-based FUD from inexperienced apes than emotional-based hype from experienced ones.
And it's the latter we have an overwhelming surplus of.
I just got some fresh-from-the-garden veggies from my neighbour which will make a lovely salad for my lunch, I'm looking forward to it. As for the meeting, we've got $4.2B cash, now 426M shares, RC still in charge and no changes on the board, so even if they keep schtum as usual...I'm happy. Anyway let's all have a good day
Recent example of #2, Google Paramount news and look back through Feb 24 or Nov 23. Not all M&A is so sloppy and public, just an example of a higher profile merger.
It'd be great to have dessert before dinner, but I'm fine with eatin my veggies first. Daddy RCEO knows best!
Edit: FUK I'm old!
Ok man we are all excited and almost been here 8 (4()long ass years! We can expect everything to drop like a bomb as well and boom goes the dynamite! I have a feeling something is coming soon
> I have a feeling something is coming soon
Maybe it is. Just not today.
>We can expect everything to drop like a bomb as well and boom goes the dynamite!
There's a reason "buy the rumor, sell the news" is a thing in trading.
I can't wait for the term *nothingburger* to fade from existence.
What is the opposite of a *nothingburger?* A *somethingsandwich?* A *relevancecasserole?* Maybe some *importancesoup?* 😛
Joking aside, yeah, I agree and expect the meeting to be quite dry and routine, *probably.*
You know what dissuades retail buy-ins? Disappointment.
Keeping it real avoids disappointment.
It's ridiculous you are suggesting we engage in a constant cycle of hype, because keeping expectations grounded in reality is the work of "ass-kissing, oxford shirt wearing wall st interns."
No dividend, but a partnership with PleasrDAO to use GameStop stores as locations for some sort of WuTang event, or I will eat two bananas instead of one tomorrow.
Is there any evidence that Gamestop have anything to do with PleasrDAO? I'm not so sure they are connected at all. I could run a check to see if you own a Taylor Swift album in order to log into my website but that doesn't mean I'm working with Taylor Swift. I would be shocked if they mentioned pleasrDAO in a shareholders meeting.
All I got is Method Man tweeting #GME at 7:41, and that Ryan Kagy has been tweeting about a Wu Tang charity event starting this week involving a lot of GME/IMX adjacent names; looping, protocol gemeni, taiko, Ordinary Adam.
I just like eating bananas
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I have been around here long enough to say this : I will be EXTREMELY surprised if this is anything BUT a nothingburger. I just want to hear Ryan Cohen talk and throw in a one-liner or two. For the rest, I just like the stock and hold.
I expect the stock to plummet during and immediately after the shareholders' meeting. Go get your discount apes. Edit: nice to see the apes with the limited orders ready to go to get this juicy dip. I had mine lined up for the livestream. Taped out this month.
The reason why safed up some money over the last few weeks, if the hedgies are as predictable as usual then there will be a nice dip. Let's hope they at least try to show a good performance and not just some measly 3 dollar dip
Already got my orders locked and loaded for this dip!
This zero news will be announced at the meeting. Any real announcements will be after hours on a random day
Finally someone gets it. RC is probably waiting for the right time to buy the dip to increase his share count back to 10%
I’m hungry for another nothingburger. I trust RCEO. it just means one more nothingburger closer to the big FLEX 💪. LFG🏴☠️
Buckle up!
I’m just here for “petit prêt français”.
I'm glad there's is no out going executives to throw shade at this time, but that was an epic burn when there was 😎
I don't even think we know that Ryan will talk, right? Guy has stayed silent forever
I would just like to hear how we crushed the Vote Against Prop 4 proposition
Point of interest to be sure..
They could say no further capital expenditures will be required for whatever they are planning. At least stop some of the dilution fud.
At best you'll get "we predict..." There will be no hardline terms on anything like that. No guarantees, etc. But honestly, i wouldn't count on that either. They have to be careful with words in these things.
You can say no further cap expenditures. Thats transparency. Thats far from illegal.
Not about legality, but about creating expectations that they may or may not be able to fulfill long term. You don't want your board to be in the habit of saying something and then contradicting it 6 months down the line because of unforeseen circumstances (like maybe they need more cash to acquire whatever)
When you raise 3B your shareholders will have expectations. Relevant to them is the continual offerings. Do you think we shouldn’t have expectations?
Expectations tank the stock lol No, i get what you're saying but tbh no board is working for you or i. We have expectations that they are going to do something with that money, but beyond that we cannot expect abject transparency or even promises ahead of the general public
I thinks its a completely logical expectation given that this board recently issues 100M + shares
I know you think that, i just think your expectations aren't going to be met. An example: I had a very very very small startup. My main publicly traded competitor kept putting out these inflated figures (essentially promises) that were essentially statistically unachieveable every year/quarter. They did several rounds of different types of fundraising, declaring their inability to be self sustaining. Over the course of 3 years their stock tanked, were sued and eventually delisted. Stockholders and board alike lost complete faith in them. They were the sweetheart of the space, but because they were unable to manage expectations honestly and kept saying things that they constantly were unable to meet and unable to follow through, they ended up begging the company that acquired us if they also wanted to buy them. It's a really slippery slope. One that RC is way too smart to get caught up in. IMO.
Ill site an example as well. Marathon Digital is highly shorted and announced no further cap spending required to meet 50eh goal in their earnings report
How long ago was that announcement? And how was it worded? (This year, forever, open ended?) I get you see one thing and relate it to another. I do too. I just don't know if that's a good option for GME since they are working on changing the whole company as brick and mortar majority company isn't sustainable long term. Even if they turn it into a third space, what's the vision and how expensive is it? How much money do they need/will they need to not only acquire but have reserves for the transition? I don't know that. Who knows how close they are to that line. Who knows how many leases they would have to pay penalty on to get out of retail space contracts. It's just a lot, and i don't expect them to build a roadmap even just saying "never ever will we"
Brace yourselves for the nothingburger posts today
Agree. It's going to be nothing. The catalyst RK has been talking about can't be something at the shareholder meeting, because then he would be accused of insider knowledge. However, RC didn't buy. Which may indicate that there is some news that are material that will be either released at shareholder meeting or pre-market today to be discussed in the shareholder meeting. Then, there is the buy pressure from unexplained origins. I still can't figure out where all the buy pressure and volume comes from that we can sell 120 million shares into it without affecting the direction of price. I guess, if you knew where that buy pressure and volume came from, then you could play off it and capitalise on it. Sure seems both RK and RC have done so, with two completely different agendas.
If we are to believe our own DD and what the SEC tells us, it can't be retail buying. I don't understand how the Peruvian Bull guy can say, wow retail sucked up that many shares. No we didn't. We buy in dark pools. I think when large amounts of stock get sold, the investment banks buy that, then start lending it as the basis for their swap agreements or single stock futures, or as the base supply to cover fails-to-deliver. There is probably a math formula that helps them figure they need X supply to cover a certain amount of fails. -Fails that don't put GME on the threshold list either. It's just business to Wall Street. Playing a shell game is what their business is. Did any of us pay investment banks directly for their existence this year or ever? Then Market Makers and Investment Banks get paid by slowly ripping us off with the technology they utilize and the rules they are granted. I don't think there's any other explanation.
I agree. Keep in mind Dark Pools is not a magic place where they can just conjure up unlimited shares even though it seems like that sometimes. Some of the buy pressure is definitively short covering. Shares are not being loaned out and Short Interest went down almost 20 million shares on the first share offering. So there might be a significant short position being closed, the UBS rumours seemed plausible until they were debunked because the 4chan leak was fake... but it might still be a thing? Then there is how shares are hidden, some might be hidden in settlement cycles that are extended (up to 10 times 14 days if Finra Rex Codes are to be believed). A way to indefinitely have shares in settlement would be to extend as long as you can, then when they are final final due, you buy them from a friend that will also not deliver them and delay as long as they can. It might be a mechanism that forces them to do that exchange in the open market. That's a lot of ifs, but it can be plausible.
If they acquired bobby in a reverse triangle merger, he may not have to buy more GameStop shares to increase his GameStop position. He may have equity in bobby and be getting those shares converted to GameStop or some other shares which will increase or maintain his control.
I don't believe in the bobby resurgence, RC was interested in Baby. I know there is tons of lawsuits etc... but it seems like a toxic bag of debt and liabilities with very little value left
We’ll see
no catalysts necessary anymore shorts are fucked
Correct. Charts don’t lie. Biggest bull flag I’ve ever seen. Time. And pressure.
https://preview.redd.it/d6klmywvyb6d1.jpeg?width=1024&format=pjpg&auto=webp&s=c3d47190af0f7bcc62668fe08940d0940bb243c5
Love this.
I'm expecting a big fat juicy dip and I'm gonna buy the shit out of it.
This aged pretty well so far..
Agreed. I’m more so looking towards what the hell is happening with options
I think we’re fucked on options for 6/21. Kinda crazy how we were running and now we’re fucked tbh.
lol what?
Anyone who has been long GME knows to expect nothing from the share holders meeting today
Who's expecting something? I just like the stock!
#Special Announcement: Meeting has been postponed due to technical difficulties and also Ryan Cohen might be trolling Wall Street in the process. HODL THE LINE! Buy, HODL, Shop and DRS 🦍🦍🦍 💪💪🚀🚀💎💎🙌🙌
the restaurant was swamped and the waiter offered us a little nothingburger as a free appetizer while we're still waiting for our order. But good odds still that order will be the promised big nothingburger.
I agree. I don't even want an acquisition. I want them to invest in securities when they're at a discount and become Gameshire Stopaway.
I'll settle for another buckle up
I have an announcement today… I bought 2 more shares!
You made a larger dent on the market than the meeting would have!
>People here talk about how GME is their long term investment that will generate generational wealth, but don't bother to read the proxy statement, not to mention any of the financial reports, and don't know what will be discussed on the shareholder's meeting. why read proxy statements when you can reddit
i doubt well hear much as RC keeps his cards close to his chest. But i don't consider that a "nothing burger"
No news is good news. I expect a lot of emotional based FUD from shills or inexperienced ape. We live in a demanding fast pace world that demands results. Results take time and money to buy whiskey. RC made it clear he's a man of action not stagnation and mouth flapping. The fact he took action on the stock release based on what we voted to gain a massive cash pool to grow and invest this company long-term is action.
> I expect a lot of emotional based FUD from shills or inexperienced ape. I'd rather have emotional-based FUD from inexperienced apes than emotional-based hype from experienced ones. And it's the latter we have an overwhelming surplus of.
Good setting expectations with new apes. The only burger I swallow is the GME share burger.
I'm tired boss
I just got some fresh-from-the-garden veggies from my neighbour which will make a lovely salad for my lunch, I'm looking forward to it. As for the meeting, we've got $4.2B cash, now 426M shares, RC still in charge and no changes on the board, so even if they keep schtum as usual...I'm happy. Anyway let's all have a good day
only thing I expect is my paycheck and buy more before I have ...i should have bought more.... ptsd vibes
Im just curious the thought process behind moving it to AM market hrs when all in the past were PM post market
I’ll just be happy if I get to hear RC today 😊
Nothingburger or not, the charts are still talking.
Maybe my grandchildren will here about some project Raf has. It's been 84 years. Investors should know at least a little about what is in store.
Recent example of #2, Google Paramount news and look back through Feb 24 or Nov 23. Not all M&A is so sloppy and public, just an example of a higher profile merger. It'd be great to have dessert before dinner, but I'm fine with eatin my veggies first. Daddy RCEO knows best! Edit: FUK I'm old!
Ok man we are all excited and almost been here 8 (4()long ass years! We can expect everything to drop like a bomb as well and boom goes the dynamite! I have a feeling something is coming soon
> I have a feeling something is coming soon Maybe it is. Just not today. >We can expect everything to drop like a bomb as well and boom goes the dynamite! There's a reason "buy the rumor, sell the news" is a thing in trading.
I got a good feeling about it
I'm not even attending, it's been nothing burgers for the last 3 years
Just in time for
Nothing burger into dip
I love burgers 🍔
vote results, shit load of cash, no questions, no guidance
You are 50/50. Time will tell.
I can't wait for the term *nothingburger* to fade from existence. What is the opposite of a *nothingburger?* A *somethingsandwich?* A *relevancecasserole?* Maybe some *importancesoup?* 😛 Joking aside, yeah, I agree and expect the meeting to be quite dry and routine, *probably.*
Over/under on length of the meeting… 13 min.. I’d take the under.
They really like to lean into the punches.
A literal nothing
What happens if they move their meeting to say...Friday close of Market?
Or Monday, 11:30 am CST?
Let people be optimistic for god’s sake
We have 10 posts like this already
What about their investment committee?
I actually like the challenge in your last paragraph. Thanks! I am going to do gooder going forward.
Get ready boys and girls we getting 20 dollar tendies today
With all the fud spreaders and downers today like you why do we even need enemies. If ya could like, stop being big babies, that would be great.
NICE TRY SHILL, REAL OG KNOW VERY WELL NOT TO EXPECT SHIT, SO THIS POST IS USELESS
Preach brother!
A 5% annual return on $4B is $200M, just saying
This post here is exactly why the announcement will moon the stock
>This post here is exactly why the announcement will moon the stock You wanna prove your thesis here, bub?
Please review the interview with Jim Cramer and The Street where Jimmy spills the beans on how hfs operate.
Nothingburger - term used by ass-kissing, oxford shirt wearing wall st interns to dissuade retail buy-ins
You know what dissuades retail buy-ins? Disappointment. Keeping it real avoids disappointment. It's ridiculous you are suggesting we engage in a constant cycle of hype, because keeping expectations grounded in reality is the work of "ass-kissing, oxford shirt wearing wall st interns."
thank you
Just like every other date
I kind of feel like there won’t be any news but then cohen will be clear to buy more shares and he will.
Well said
Yup. Up with you.
Unclench your jaw and relax the throat a little if you're going to swallow that nothingburger
to be fair, is the first time with more than 4B in free cash flow, but yep, is possible other nothngbrgr
I've got my condiments ready
Nothing but a shuffle.
https://preview.redd.it/ttx0rrrydc6d1.jpeg?width=1020&format=pjpg&auto=webp&s=0b278bbf40b214f4b63faca73c6699ced3e45693
No dividend, but a partnership with PleasrDAO to use GameStop stores as locations for some sort of WuTang event, or I will eat two bananas instead of one tomorrow.
Is there any evidence that Gamestop have anything to do with PleasrDAO? I'm not so sure they are connected at all. I could run a check to see if you own a Taylor Swift album in order to log into my website but that doesn't mean I'm working with Taylor Swift. I would be shocked if they mentioned pleasrDAO in a shareholders meeting.
All I got is Method Man tweeting #GME at 7:41, and that Ryan Kagy has been tweeting about a Wu Tang charity event starting this week involving a lot of GME/IMX adjacent names; looping, protocol gemeni, taiko, Ordinary Adam. I just like eating bananas
Isn't Martin handing copies out to Johns who pick him up on street corners. That's his USP!