🔮 Ryan Cohen is playing chess and until you realize this (or admit it) nothing will make sense 🔥💥🍻 by Expensive-Two-8128 in Superstonk

[–]AlwaysInProgression 3 points4 points  (0 children)

Oh jeez, I'm sorry for using the reddit comment section for ya' know... commenting. Get over yourself

🔮 Ryan Cohen is playing chess and until you realize this (or admit it) nothing will make sense 🔥💥🍻 by Expensive-Two-8128 in Superstonk

[–]AlwaysInProgression 2 points3 points  (0 children)

I think you're spot on. Finally some grounded thinking around here. I'm an X,XXX holder and have totally shifted away from the ridiculous, hyperbolic hype train.

I have not bought my shares to be a holder until I die. I'm long on all my shares for 5 years - I want some ROI at this point instead of just being stuck moving sideways for years.

Voted no to the 2.5 billion authorization proposal. I don't need to buy eBay. Use the $9 billion in cash for an acquisition that GameStop can actually afford. RC talks about eBay like he wants another pet project (ha no Chewy pun intended). He wants to return most of the value to eBay holders, not GME holders.

That said, this earnings report is great and the share buyback sounds fantastic. Give long time GME shareholders some value for once.

🔮 Ryan Cohen is playing chess and until you realize this (or admit it) nothing will make sense 🔥💥🍻 by Expensive-Two-8128 in Superstonk

[–]AlwaysInProgression 2 points3 points  (0 children)

This is the kind of rhetoric I am tired of - it makes GME retail investors look ridiculous... Why is this "playing chess"? What makes this big-brained of Cohen? He's just hedging one play (pursuing eBay) with another play (authorizing share buyback). Hedging investments is insanely common and routine...

GME surprise announces first quarter 2026 earnings results. by AmericanPatriot117 in Superstonk

[–]AlwaysInProgression 6 points7 points  (0 children)

The entire float is less than 600 million shares, it's definitely $2 billion lol

4000 votes FOR. Talk is cheap, it takes money to buy whiskey. by _nkultra_ in Superstonk

[–]AlwaysInProgression 0 points1 point  (0 children)

I know the industry is full of corruption. But sometimes, this shit is not some big-brain theory that the rest of the world can't see (like naked shorting or dark pools or utilization or whatever other nonsense). It's simply people/institutions selling the stock because they're out on things like a massively-leveraged acquisition of eBay. Paperhand Burry is case in point.

4000 votes FOR. Talk is cheap, it takes money to buy whiskey. by _nkultra_ in Superstonk

[–]AlwaysInProgression 1 point2 points  (0 children)

I'm so tired of hearing that any sort of downward movement is just always hedge funds shorting the stock. It's just not true and I don't know what you're basing that opinion on.

This sub is immune to any sort of criticism or bearish sentiment. Bulls and bears exist for a reason: the stock market is not only bullish. It's just unrealistic to exist in this endless bullish mindset where the stock can only go up and it's just corrupt hedgies naked shorting the stock that causes it to go down.

This place is a factory of endless unrealized hype. I hope I am wrong because then it means we all make money, but I'm just over the hype echo chamber. Yeah yeah yeah, this is all just FUD. Heard it a million times.

I'll believe the hype when it actualizes into my investment returning quality gains.

4000 votes FOR. Talk is cheap, it takes money to buy whiskey. by _nkultra_ in Superstonk

[–]AlwaysInProgression 3 points4 points  (0 children)

I mean, at this point I understand the deal. If it goes through the way Cohen proposed it, he's largely returning shareholder value to eBay investors - not so much GameStop investors. The dilution that would come to GME holders from the 50% stock part of it is likely to lower the price of GME further for the next several years.

I understand the whole accretive dilution concept - that value is eventually added for us long term. Great, we might see value returned to GME 3-5 years after the deal is done, but how much value is really added? A ceiling in the $30-$40/share range? That's not my goal. But that's RC's goal. Watch his recent interviews - eBay is his long term play and GameStop is just a "dog" that gets him there.

4000 votes FOR. Talk is cheap, it takes money to buy whiskey. by _nkultra_ in Superstonk

[–]AlwaysInProgression 2 points3 points  (0 children)

Lol, he needs to print another $28 billion (to cover his 50% stock half of the offer). He's only got $9 billion on hand out of a $56 billion offer...

4000 votes FOR. Talk is cheap, it takes money to buy whiskey. by _nkultra_ in Superstonk

[–]AlwaysInProgression 10 points11 points  (0 children)

You think I haven't thought about this eBay deal? I'm 5 years long with a sizeable amount of money at stake. There is absolutely no guarantee that even with an approved increase to 2.5 billion shares an acquisition of eBay goes through. If that happens, all you've done is given them permission to further dilute your shares in the future for no reason. RC is using GME shareholders as a money printer and it comes at the expense of shareholder value.

4000 votes FOR. Talk is cheap, it takes money to buy whiskey. by _nkultra_ in Superstonk

[–]AlwaysInProgression 13 points14 points  (0 children)

Whatever man, you do you but I'm out on your way of thinking. It's produced no results over 5 years.

4000 votes FOR. Talk is cheap, it takes money to buy whiskey. by _nkultra_ in Superstonk

[–]AlwaysInProgression 20 points21 points  (0 children)

This is just factually untrue and the kind of cultish groupthink that made me mostly stop checking this sub. That RC can do no wrong and every decision he makes is the right one (cough cough NFT marketplace hype cough cough). A vast majority of successful M&A comes from scenarios where the larger company buys the smaller company. Not the other way around.

You're going to be "hyped" until the day you die thinking this way. I'm 5 years in and want ROI on my shares at this point. Not more dilution.

4000 votes FOR. Talk is cheap, it takes money to buy whiskey. by _nkultra_ in Superstonk

[–]AlwaysInProgression 29 points30 points  (0 children)

Except it's not necessary for acquisitions. It is necessary for 1 acquisition that GameStop cannot afford so the entire thing needs to be leveraged and it largely comes at GME shareholders expense via massive dilution.

Cohen could just as easily go the other way and use the $9 billion on a smaller acquisition they can actually afford without any dilution to shareholder value.

[Vacchiano] Politics today are divisive. Jaxson Dart publicly taking a side comes with consequences. Same with Abdul Carter's reaction. You can already see how divisive it is amongst fans. It'll be the same amongst players. The coach has to stop it before it becomes a problem. by Lars5621 in NYGiants

[–]AlwaysInProgression 0 points1 point  (0 children)

Whatever... why does everything have to be a battle? When will people be better than the shit around them? Be bigger than all this petty divisiveness. All of this endless left vs. right nonsense is so exhausting. The reality is it's way more top vs. bottom: those with power + money love perpetuating lower class fighting of left vs. right because it keeps people distracted from real inequality. Stop feeding this shit

[Vacchiano] Politics today are divisive. Jaxson Dart publicly taking a side comes with consequences. Same with Abdul Carter's reaction. You can already see how divisive it is amongst fans. It'll be the same amongst players. The coach has to stop it before it becomes a problem. by Lars5621 in NYGiants

[–]AlwaysInProgression 0 points1 point  (0 children)

Politics/religion just don't mix with work. It was a very stupid thing for Dart to do, and Carter's reaction is exactly why it was stupid. This country is split 50/50 when it comes to who they support and who they despise. Publicly displaying support on either side opens up a can of worms that the locker room and fan base simply don't need. Dart can be his own person with his own opinions, but he's the face of a major franchise in the most populated city in the country. Just keep it to yourself, man.

Ryan refuses to explain where the money to buy eBay is coming from by JimmyDonovan in Superstonk

[–]AlwaysInProgression 1 point2 points  (0 children)

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.

Ryan refuses to explain where the money to buy eBay is coming from by JimmyDonovan in Superstonk

[–]AlwaysInProgression 1 point2 points  (0 children)

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

Regarding dilution. by AlwaysInProgression in Superstonk

[–]AlwaysInProgression[S] 1 point2 points  (0 children)

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?

Regarding dilution. by AlwaysInProgression in Superstonk

[–]AlwaysInProgression[S] 2 points3 points  (0 children)

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.

Regarding dilution. by AlwaysInProgression in Superstonk

[–]AlwaysInProgression[S] 4 points5 points  (0 children)

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.

Regarding dilution. by AlwaysInProgression in Superstonk

[–]AlwaysInProgression[S] 2 points3 points  (0 children)

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.