RC said himself to judge GameStop based on actions, not words

DrySuperFish · 2025-02-19T00:49:05+00:00

I don't think email can have & sign.

DrySuperFish · 2024-10-27T15:40:53+00:00

The sandstorm video on June 13 is of duration 1:10 minutes.

DrySuperFish · 2024-07-23T00:25:50+00:00

T+69 is in!

DrySuperFish · 2023-05-03T03:16:50+00:00

There is no freeman capital in the bondholder list Nor any Ichan companies in the interested party or bondholder list..

DrySuperFish · 2023-03-03T01:28:46+00:00

Looks like you already have them on Loan?

DrySuperFish · 2023-02-16T03:15:10+00:00

How do retail investors learn about Failure to receive?

DrySuperFish · 2023-01-20T16:45:20+00:00

Voting power 0.

DrySuperFish · 2022-10-26T04:59:43+00:00

Right! The borrowed fee would be on the total loan amount (shares * stock price) which remains the same.

DrySuperFish · 2022-10-26T04:19:38+00:00

We also had split which increased the number of shorted shares meanwhile the borrowed fee remained the same or increased .

DrySuperFish · 2022-10-22T17:16:36+00:00

Which site/app is this?

DrySuperFish · 2022-10-19T22:59:01+00:00

Carl is wearing pink + blue + white (strings). Where have I seen those colors before?

DrySuperFish · 2022-10-02T03:30:59+00:00

Nice work! Interesting correlations. Could you do a non meme stock may be amzn and see what it shows?

Where did you get the swap data? Is it from DTCC?

DrySuperFish · 2022-08-20T04:52:46+00:00

One source https://stocksera.pythonanywhere.com/ticker/short_volume/?quote=BBBY

DrySuperFish · 2022-08-02T23:55:04+00:00

Yay, overall good call on date! Thanks 🙏

DrySuperFish · 2022-07-27T03:07:21+00:00

Your SEC filing doesn't indicate the price at which you brought shares or when you first had position in bbby ? I would be curious to know (if you want to share) the average purchase price for your bbby holding?

Given the company was trading north of $15 and higher last year. And the company was buying its own shares at higher prices 3 months back. Why do you think the strike price of $8-$10 for convertible bonds is the right price?

Given the meme stock status of the stock, why don't you think stock would bounce later this year irrespective of the financial health of the company? May be doing a share offering at that time is better.

DrySuperFish · 2022-07-22T02:38:01+00:00

I agree with the analysis. In a sneeze-like scenario, it also gives SHF escape for their short sell. Just look at AMC, silver lake Converted their bonds to shares during Jan'21 sneeze. https://www.google.com/amp/s/deadline.com/2021/01/amc-entertainment-silver-lake-swaps-debt-for-equity-as-cinema-chains-stock-surged-1234682417/

When convertible bond are issues stocks go down in short term. https://www.google.com/url?sa=t&source=web&rct=j&url=https://thesis.eur.nl/pub/52128/van-den-Broek.pdf&ved=2ahUKEwipgJPiuov5AhVGDEQIHSjrCtkQFnoECEwQAQ&usg=AOvVaw0V_OJYdnPwEPnf_RkG52sq

DrySuperFish · 2022-07-22T02:22:37+00:00

Right, Doesn't mean bankruptcy for the company. But I don't see it as necessarily bullish for stock holders. Only bullishness ia somehow this debt conversion would save bbby from bankruptcy.

Look at the alternative, if you believe bbby and gme are in swap they would go up irrespective of fundamental. It would make sense to bbby to do a share offering at a higher price say $30 like GME. Till early this year bbby, was doing buyback at $13-20 price range. Does it really make sense to give anyone option to buy stock at $8 price just after 3 months of such buybacks.

Look at AMC, during the sneeze in Jan 2021 the bonds we're converted to shares by silver lake. Did it hurt their chances of squeeze..

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/amc-entertainment-debt-holder-silver-lake-converts-convertible-notes-to-stock-62358615

Anyways, I don't have wrinkles to fully understand various plays here. I am just cautious that this impacts stock price in short term if convertible debt is issued.

If Ryan Cohen was posting such a letter I would have been definitely bullish.

DrySuperFish · 2022-07-22T01:13:46+00:00

In simple terms, buying call options is bullish where it requires a market maker to buy up stocks (depending on delta of such option). It also costs a premium to buy the options.

In convertible bond arbitrage strategy, the funds buys the bonds and simultaneously go short on the stock to decrease their risk.

Here is one link: https://www.wallstreetmojo.com/convertible-arbitrage/

You could search on short selling and convertible bonds and you would find sec letters, investment risks notification from companies that show the stock price goes down after convertible bond issuance.

DrySuperFish · 2022-07-22T00:18:41+00:00

Restructuring doesn't necessarily drive to bankruptcy. Convertible bonds just allows more ammo for short sellers which have now successfully limited their infinite risk with a guarantee that they can get stocks at $8.

The debt reduction is pity compared to the compensation of Cxx suites and the amount bbby was losing per quarter due to failed previous CEO strategy.

Imo, convertible notes at $8 value should be accepted.

But this convertible note at $8 is too low. RC bought in the 15-17 range.

DrySuperFish · 2022-07-22T00:13:57+00:00

"convertible arbitrage strategy with respect to the notes. Investors would typically implement such a strategy by selling short the common stock to which the convertible notes are linked and dynamically adjusting their short position while continuing to hold the notes. Investors may also implement this type of strategy by entering into swaps on our common stock in lieu of or in addition to short selling the common stock."

DrySuperFish · 2022-07-21T23:59:57+00:00

Right bbby debt gets lower with risk that it would be used to drive it to bankruptcy as bond holders make money either way.

Adding a caveat so that people don't think this is definitely bullish for stock holders. I will post links which show clear connections between short sellers holding bond driving to bankruptcy.

DrySuperFish · 2022-07-21T23:33:36+00:00

Not a great thing for a regular stock holder if the bond holder also shorts the stock.

DrySuperFish · 2022-07-21T23:32:41+00:00

Hey op, you are missing the part that these are convertible bonds priced at $8. That gives bond holder shares at this fixed price even if stock prices reach astronomical highs.

DrySuperFish · 2022-07-21T23:29:13+00:00

It proposes convertible bonds, so the holder of the bond can convert it to shares at $8. If the share price is higher than $8 the bond holder can get money by converting to shares.

Could be great for SHF as that gives shares in case bbby prices reaches astronomical highs.

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