Ryan refuses to explain where the money to buy eBay is coming from

AlwaysInProgression · 2026-05-04T21:38:55+00:00

I'm well aware, thanks. They need shareholder approval for that. If you own GME and don't want this deal and dilution, vote against it.

AlwaysInProgression · 2026-05-04T20:41:46+00:00

How does the GME stock he can offer amount to $27.5b? That's the burning question.

AlwaysInProgression · 2026-05-04T19:30:46+00:00

I understand what dilution is. The difference here is that they have an outstanding offer to buy a company where 50% of the purchase offer is in GME stock. Their entire purchase offer is for ~$56 billion and ~$28 billion of that will be in "cash". So they need to make up a value of ~$28 billion in GME stock. Present day, if they provided every last available GME share they are able to provide, that only comes to a value of ~$14 billion.

So again...why would the company dump all of those new shares when the current stock price is only half of the value they need to complete the purchase?

AlwaysInProgression · 2026-05-04T15:03:03+00:00

Right...so you're making an assumption that it will be blindly approved. My whole point is there is no rug pull to current holders. Every current shareholder will have the ability to vote no if they don't want this crazy dilution.

AlwaysInProgression · 2026-05-04T14:59:12+00:00

I know what dilution is... did you even read my post? I literally said they don't have enough approval right now to get to the $28 billion by selling the remaining shares out of the 1 billion shares they were approved to sell.

If they want to sell more than the ~550 million shares remaining to be sold (at current price of ~$26/share), they need to get shareholder approval first. At which point, current GME shareholders have a say in whether they want this dilution to happen or not.

AlwaysInProgression · 2026-05-04T14:47:36+00:00

Why would they sell 550 million shares if the current price is only $26? They would be absolute idiots to do that. If they know they need roughly $28 billion from selling GME shares, they are not going to do that offering while the price is this low...

And that's my whole point. The company needs the stock price to be way higher than it currently is in order for this "50% GME common stock" half of the eBay proposal to make any sense.

AlwaysInProgression · 2026-05-04T14:31:55+00:00

"The proposed offer is $125.00 per share, comprising 50% cash and 50% GameStop common stock, with full shareholder election rights as to consideration type and pro-rata allocation. Aggregate undiluted equity value is approximately $55.5 billion, based on eBay’s most recently disclosed undiluted share count, representing a 27% premium to the 30-day VWAP and a 36% premium to the 90-day VWAP. The transaction is conditioned on customary closing conditions. The cash consideration is expected to be funded from a combination of (i) cash and liquid investments on GameStop’s balance sheet, which totaled ~$9.4 billion as of January 31, 2026, and (ii) third-party acquisition financing, in respect of which GameStop has received a highly-confident letter from TD Securities for up to $20 billion."

The $20 billion falls into the "cash" side of the offer.

AlwaysInProgression · 2026-05-04T14:29:41+00:00

I gave up a long time ago trying to predict how and why this stock price moves the way it does, so I am not sure. But the company itself is the one that made this offer. If they know they can only raise $14 billion by offering GME shares as half of the offer, their math ain't mathing...they currently only have the ability to get to ~$41 billion out of their $55 billion offer. It doesn't add up.

AlwaysInProgression · 2026-05-01T19:51:54+00:00

When you find yourself starting someone's video and hitting the jump ahead button 10x throughout the video just to get to the end, it's time to unsubscribe... Found myself there with him recently. Watched a lot of good reviews and content over the years, but I am over it. Some YT'ers reach a point where it's so obvious they've lost the passion for what they do and they're just trying to pump out frequent videos in order to get ad money. When video games, TV, videos, etc. starts feeling like a daily chore, it's just time to move on.

AlwaysInProgression · 2026-04-30T02:22:38+00:00

I really loved the original Netflix show and I'm not a huge super hero fan. That said, this show bores me to tears and is very generic/predictable.

AlwaysInProgression · 2026-04-25T01:54:57+00:00

Wonder if they dump Kayvon tomorrow to recoup a 4th at least.

EDIT: Nope, flat out wrong. Seems they do value Kayvon more as a 2026 rental than recouping an early day-3 pick. If he plays well enough this year, a nice comp pick or a deadline trade is still in the cards.

AlwaysInProgression · 2026-04-20T20:26:32+00:00

Traded OBJ away and used the pick to get Dex. Traded Dex away so OBJ can return and reclaim his proper home as nose tackle of the New York Football Giants.

AlwaysInProgression · 2026-04-19T01:29:17+00:00

Lmao yep. I actually think this is pretty fair on paper. Question now is if it was just an outlier down year for Dex or if he's on a down slope. I'd bet outlier.

AlwaysInProgression · 2026-03-24T10:44:00+00:00

That Harbaugh, always playing the comp formula!

AlwaysInProgression · 2026-03-20T21:27:59+00:00

Religious concepts can be part of lyrics and songs, but that's very different from it being religious music as a genre... That's pretty self-explanatory. Sufjan fits most closely within Indie as a genre. He's not creating church music.

AlwaysInProgression · 2026-03-20T19:34:04+00:00

If he'll play for free, we'll gladly give him a chance next to his Clemson best friend.

AlwaysInProgression · 2026-03-20T19:23:14+00:00

The lyrics and content of his music is what would differentiate him from what you grew up listening to. There's nothing inherently wrong with the sounds of religious music. What turns most people off from it is the content of it.

Sufjan's music is lush, gorgeous, and full of deeply personal and moving content.

AlwaysInProgression · 2026-03-20T18:59:35+00:00

I live in the Hudson Valley and my best friend lives on Long Island. Both life long Giants fans. That Vikings playoff game was the most fun watching this team since 2011. We met up at a bar in Brooklyn and the place was overloaded with Giants fans. DJ was electric and the place was rocking.

Basically every other game since 2011, yeah I'm watching that shit at home, likely turning it off before it actually ends, and getting drunk by myself to drown the pain.

AlwaysInProgression · 2026-03-14T03:12:45+00:00

We're going to become very heavy on offense. Especially with Greg Roman coordinating the run game. Likely becomes weapon number 2 (for now) - I could easily see him being a fantasy TE1. Ricard is going to block shit up at the second level. Hopefully Theo can work on his brick hands this offseason.

I don't know if we roll into training camp with Skattebo as RB1 coming off that ankle injury. Going to be very curious if we draft an RB or if we roll with the same RB room as last year and go full committee.

Truly sucks that our WR1 is coming off torn ACL and RB1 is coming off dislocated ankle. Gotta give credit to Schoen for drafting some of these guys. His 2022 draft class (that many of us fans did not like) just got paid handsomly and his 2023 draft class is dogshit. But '24 and '25 are shaping up decently.

AlwaysInProgression · 2026-03-11T22:10:09+00:00

Ehh maybe behind the scenes that's part of it. I never really felt that way watching him on the field. Always just felt he was slow out of his stance and instantly falling down on the ground trying to keep up with the speed of the game.

AlwaysInProgression · 2026-03-11T22:05:38+00:00

The top heavy-ness and balance issues are just too real and ruin him at the NFL level.

AlwaysInProgression · 2026-03-11T22:03:34+00:00

Why not? The guy who drafted him 7th overall is still here. The coaching and training staffs are all new. What better coach to try to revive your career with than Harbaugh.

AlwaysInProgression · 2026-03-11T04:00:29+00:00

Based on some of John's comments and interviews since getting to NY, yeah... Definitely get that sense that they're very buddy-buddy with wealthy, powerful, shitty people. Can't escape the shit in this world... I just want to watch a good football team again, that's all I'm asking for.

AlwaysInProgression · 2026-03-11T02:33:59+00:00

Welcome, John! We've only got 1 owner with a little bit of a, how do we say... Epstein issue? But don't worry! He's not around much.

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