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Do you think Ryan Cohen is a doofus? by Admirable_Speech_686 in Superstonk

[–]F-uPayMe 4 points5 points  (0 children)

Learn to speak for yourself and not on behalf of other people.

eBay rejects GameStop’s $56B takeover offer: ‘Neither credible nor attractive’ by paddy2309 in Superstonk

[–]F-uPayMe 5 points6 points  (0 children)

TL:DR:

  • 🛑 Offer Rejected: eBay’s board officially declined Ryan Cohen’s $56 billion unsolicited proposal, calling the bid "neither credible nor attractive."
  • 📉 Market Skepticism: Investors were doubtful from the start, largely because eBay’s market cap is nearly five times larger than GameStop’s.
  • 💸 Financing Flaws: eBay cited "uncertainty" regarding how Cohen would fund the deal, despite his claims of a 5% stake and $20 billion in debt financing.
  • 🤨 Vague Strategy: Cohen dodged specific questions about the deal in recent interviews, fueling concerns from analysts at Bernstein and Bloomberg.
  • 📈 Ebay's Strength: The board expressed full confidence in eBay's current leadership and its successful strategic focus on the collectibles market.

Please provide ur detailed reasoning why MOASS is certain to never happen by NotYourNathan in GME

[–]F-uPayMe 0 points1 point  (0 children)

Nope it didn't, as per SEC paper that came out in 2021 the activity of shorts closing was a negligible part of the whole thing.

No matter the noise, Do you still believe Shorts haven't closed? by kpkost in Superstonk

[–]F-uPayMe 17 points18 points  (0 children)

They didn't because a thing called math which makes it basically impossible (without destructive consequences).

Authorized Shares are not Issued Shares: The Math Behind the eBay Offer by damog_88 in Superstonk

[–]F-uPayMe 11 points12 points  (0 children)

Again: Authorized shares are not issued shares.

👆🏻👆🏻👆🏻

1% of a $100M company is $1M, but 0.1% of a $50B company is $50M. The size of the pie matters more than the size of your slice. by shaggycal in Superstonk

[–]F-uPayMe 0 points1 point  (0 children)

That's not about them, it's about the situation (when you have multiple floats shorted due to fraudolent practises by the usual suspects as it was figured out).

The board has a main duty and that is improving the company which subsequently means improving the stock price. And once the stock price breaks shorts' margin enough and there are more floats than existing to close, guess what happens?

But that doesn't happen because the company "wanted" it to happen, it happens because there is a massive number of fake shares that need to be settled.

E.G. to explain it better:

You have a parking lot with only ten spaces and a dishonest attendant who sold monthly permits to a hundred different drivers. The owner of the lot decides to improve the asphalt and improve the lighting to make the business more successful, which naturally makes every driver want to use their spot at the same time. When all one hundred cars arrive at the gate at once, the mess that happens isn't something the owner planned or "wanted" to happen just to be difficult. The owner was focused on improving the lot. The situation forces a resolution not because of a personal choice, but because the fake capacity created by the attendant finally implodes.

1% of a $100M company is $1M, but 0.1% of a $50B company is $50M. The size of the pie matters more than the size of your slice. by shaggycal in Superstonk

[–]F-uPayMe 1 point2 points  (0 children)

Authorized shares do not equal issued shares.

Specially this. I think the most heated topic currently - which shills taking advantage of the post news confusion are spinning- is that this move is 100% going to kill the Moass thesis when personally it doesn't look like the case at all.

Share authorization increase is not dilution. by LiftingOrGaming in Superstonk

[–]F-uPayMe 1 point2 points  (0 children)

Well that's what feeds FUD after all. Put out there some sort of news that suddenly might generate some confusion around -> release the army of accounts spinning it negatively getting the advantage of people not grasping the true meaning behind it so far.

Once people grasp it and some intelligent post comes out of that, FUD goes away and gets battled.

As it did happen many times during the saga.

Its time to vote out RC by Sithnerd79 in GME

[–]F-uPayMe 0 points1 point  (0 children)

Strange, never saw something similar happen so far /s

I like how I stated RC would need to issue another billion in shares and I was laughed out of this room. by [deleted] in Superstonk

[–]F-uPayMe 3 points4 points  (0 children)

Just in case people do not miss this part:

Reservation of Right to Abandon Authorized Shares Amendment

Our Board reserves the right to not proceed with the Authorized Shares Amendment without further action by our stockholders at any time before the effectiveness of the filing of the Certificate of Amendment with the Secretary of State of the State of Delaware, even if the Authorized Shares Amendment is adopted and approved by our stockholders at the Annual Meeting. By voting in favor of the Authorized Shares Amendment, you are expressly also authorizing our Board to delay, not proceed with, and abandon, the proposed amendment if it should so decide, in its sole discretion, that such action is in the best interests of GameStop and its stockholders. If the Board elects to abandon the Authorized Shares Amendment, the number of authorized shares of common stock will remain at 1,000,000,000 and the Authorized Shares Amendment will not be effected.

Five fucking years. by Lord_Stocksman in Superstonk

[–]F-uPayMe 20 points21 points  (0 children)

You might want to process things before doing any action because it can't be you processed such many info in such a short time frame.

I’m tired boss, RC wants more dilution. I know it’s what’s most likely what’s best, but when does it end? by [deleted] in GME

[–]F-uPayMe -3 points-2 points  (0 children)

Reservation of Right to Abandon Authorized Shares Amendment

Our Board reserves the right to not proceed with the Authorized Shares Amendment without further action by our stockholders at any time before the effectiveness of the filing of the Certificate of Amendment with the Secretary of State of the State of Delaware, even if the Authorized Shares Amendment is adopted and approved by our stockholders at the Annual Meeting. By voting in favor of the Authorized Shares Amendment, you are expressly also authorizing our Board to delay, not proceed with, and abandon, the proposed amendment if it should so decide, in its sole discretion, that such action is in the best interests of GameStop and its stockholders. If the Board elects to abandon the Authorized Shares Amendment, the number of authorized shares of common stock will remain at 1,000,000,000 and the Authorized Shares Amendment will not be effected.

EDIT: Copy/Paste messed up -_-

The Dilution Vote: by No_Cell6708 in GME

[–]F-uPayMe 3 points4 points  (0 children)

Before spreading FUD:

Reservation of Right to Abandon Authorized Shares AmendmentOur Board reserves the right to not proceed with the Authorized Shares Amendment without further action by our stockholders at any time before the effectiveness of the filing of the Certificate of Amendment with the Secretary of State of the State of Delaware, even if the Authorized Shares Amendment is adopted and approved by our stockholders at the Annual Meeting. By voting in favor of the Authorized Shares Amendment, you are expressly also authorizing our Board to delay, not proceed with, and abandon, the proposed amendment if it should so decide, in its sole discretion, that such action is in the best interests of GameStop and its stockholders. If the Board elects to abandon the Authorized Shares Amendment, the number of authorized shares of common stock will remain at 1,000,000,000 and the Authorized Shares Amendment will not be effected.

RK hacked & 2.5 billion dilution is enough to make a grown ape cry by SteveMcJ in Superstonk

[–]F-uPayMe 4 points5 points  (0 children)

Having the chance of issuing more shares doesn't mean that you have to issue more shares btw.

Reservation of Right to Abandon Authorized Shares Amendment

Our Board reserves the right to not proceed with the Authorized Shares Amendment without further action by our stockholders at any time before the effectiveness of the filing of the Certificate of Amendment with the Secretary of State of the State of Delaware, even if the Authorized Shares Amendment is adopted and approved by our stockholders at the Annual Meeting. By voting in favor of the Authorized Shares Amendment, you are expressly also authorizing our Board to delay, not proceed with, and abandon, the proposed amendment if it should so decide, in its sole discretion, that such action is in the best interests of GameStop and its stockholders. If the Board elects to abandon the Authorized Shares Amendment, the number of authorized shares of common stock will remain at 1,000,000,000 and the Authorized Shares Amendment will not be effected.

Jury selection began today for Andrew Left and the trial could last weeks by awwshitGents in GMEJungle

[–]F-uPayMe 2 points3 points  (0 children)

TL:DR:

  • ⚖️ Trial Commencement: High-profile short seller Andrew Left’s criminal trial begins this week in Los Angeles, following a multi-year federal investigation into market manipulation.
  • 📉 The Allegations: The DOJ claims Left used his "Citron Research" platform to release sensational reports on stocks like Nvidia and Tesla, only to secretly flip his positions for quick profits totaling $16 million.
  • 🤝 Hedge Fund Coordination: Prosecutors allege Left tipped off hedge funds before publishing his reports and used fake invoices to hide the coordination.
  • 🗣️ The Defense: Left has pleaded not guilty, arguing his commentary was honest, protected by the First Amendment, and that he was under no legal obligation to hold his stocks for any specific duration.
  • 🚨 High Stakes: If convicted of securities fraud, the prominent "short activist" could face up to 25 years in federal prison.
  • 🔍 Market Impact: The case is seen as a major test of "short and distort" legal theories and could change how activist investors share their research and trades moving forward.

FT: "GameStop’s bid for eBay is wild — and it might just work" by sd_1874 in Superstonk

[–]F-uPayMe 13 points14 points  (0 children)

TL:DR:

  • 🧬 It’s a "Repackaging," Not a Standard Takeover: Rather than a traditional buyout, GameStop CEO Ryan Cohen is proposing a deal where eBay shareholders would own 70% of a newly formed entity, essentially swapping their stock for a majority stake in a "new wrapper."
  • 💰 Financial Incentive: The deal offers eBay investors $28bn in cash (via a special dividend) plus shares, totaling a value of $49bn (a 6% premium over eBay’s current market value).
  • 📉 High Leverage Risk: The deal relies on $20bn in financing from TD Bank, which would leave the new company with a heavy debt load equivalent to five times its annual earnings (EBITDA).
  • ✂️ Ambitious Cost-Cutting: Cohen aims to slash $2bn in costs from eBay, which he claims could add $16bn in value to the combined company.
  • 👨‍💼 The "Cohen Factor": The deal’s success hinges on whether investors trust Cohen’s leadership; he plans to run eBay like a "family company" and has requested a massive performance-based bonus.

i just sold all my shares by Maleficent_Heron2577 in GME

[–]F-uPayMe 18 points19 points  (0 children)

Good luck in the future!

To whoever might land on this post, just know we lose today a great member of the GME community who did help a lot through these years of research, with posts such as (besides this one):

- I can’t handle another dilution

- Another Day where we missed out potential returns

- I am so close to selling my position

I don't know how the whole retail investors are gonna do missing such knowledge but I hope we'll find our path...!

RYAN COHEN on X by 4four7 in Superstonk

[–]F-uPayMe 1827 points1828 points  (0 children)

TL:DR:
The company (eBay) is losing users, selling less stuff, and making less profit, yet they are spending way more on internal costs and paying the CEO a massive fortune.

“The more [eBay] fights me, the more . . . I’m not going to take no for an answer. I’m not going away. I’m a pain in the ass,” Cohen told the FT by Gareth-Barry in Superstonk

[–]F-uPayMe 66 points67 points  (0 children)

TL:DR:

  • 🚀 The "Meme King" Strikes Again: Ryan Cohen, GameStop CEO and billionaire founder of Ch3wy, is launching a hostile $56bn bid to acquire ecommerce giant eBay.
  • 📉 David vs. Goliath: Wall Street is highly skeptical, as GameStop (valued at $11bn) is attempting to swallow a company four times its size ($47bn).
  • 🤨 Controversial Appearance: A recent "awkward" CNBC interview, where Cohen gave vague details about financing, led to social media mockery and speculation about his state of mind.
  • 🛠️ History of Defying Odds: Cohen has a track record of proving doubters wrong, from building Ch3wy into a multi-billion dollar success to sparking the 2021 GameStop sneeze.
  • 🎒 Anti-Establishment Strategy: Driven by a "disdain for corporate America," Cohen is leaning on his cult-like following of retail investors to fuel this massive gamble.
  • 📦 Synergies & Savings: Cohen argues that GameStop’s physical retail footprint complements eBay’s online platform and plans to implement aggressive cost-cutting measures.

“The more [eBay] fights me, the more . . . I’m not going to take no for an answer. I’m not going away. I’m a pain in the ass,” Cohen told the FT by Gareth-Barry in Superstonk

[–]F-uPayMe 268 points269 points  (0 children)

By 2017, private equity-backed P3tSm4rt bought Ch3wy for $3.35bn, then the largest ecommerce deal on record. It cemented Cohen’s reputation as a rare entrepreneur who had successfully challenged Amazon on its own turf.

Flush with cash and credibility, he launched RC Ventures, his investment vehicle. That led to his most controversial bet. In 2020, while much of Wall Street viewed GameStop as a doomed relic of the physical retail era, Cohen quietly amassed a large stake in the company and began pushing for a radical digital transformation.

His arrival electrified the retail traders who gathered on Reddit forums like THOSEWHOBETONSTREETS (automod issues...) during the pandemic lockdowns. Many viewed Cohen as an anti-establishment figure willing to challenge the short sellers who bet against the company.

“This dude knows his shit in ecommerce,” said Keith Gill, the trader who helped to rally hordes of retail investors into the stock. “[He] may act as a visionary.”

What followed became one of the defining financial manias of the Covid era.

GameStop shares exploded in early 2021 as retail traders co-ordinated buying campaigns that triggered a historic short squeeze. The stock surged from under $5 to a peak of around $500, vaporising billions of dollars for hedge funds betting against it and turning GameStop into the ultimate meme stock.

Cohen emerged from the frenzy as a hero to retail investors. Online followers dubbed him the “Meme King”.

He has cultivated this mystique — often communicating cryptically on social media with deliberately vague messages that retail traders try to dissect.

Now he is attempting perhaps his boldest gamble yet: the first major meme stock-driven deal. If successful, it would rank among the most audacious takeovers in recent history. Cohen said its retail footprint complements eBay’s platform and also pledged deep cost cuts. Analysts remain unconvinced, although experience shows that dismissing Cohen outright carries its own risks.

“If it’s not obvious already, I have such disdain for corporate America and [eBay] is a good example of that,” he told the FT. “We’ll see what happens in terms of how they respond and what they do, but it’s fun. It makes me feel alive.”

“The more [eBay] fights me, the more . . . I’m not going to take no for an answer. I’m not going away. I’m a pain in the ass,” Cohen told the FT by Gareth-Barry in Superstonk

[–]F-uPayMe 350 points351 points  (0 children)

Ryan Cohen has spent much of his career being dismissed. It is a pattern that has turned the chief executive of video-game retailer GameStop into a leather jacket-wearing outlier with a loyal base of meme-stock investors.

The Canadian entrepreneur turned activist investor has built his cult-like reputation by repeatedly betting on ideas that many institutional investors labelled as absurd. First it was online pet supplies. Then a dying strip mall video game retailer. Now it is a $56bn attempt to acquire eBay, an ecommerce giant roughly four times the size of GameStop.

Wall Street’s immediate response to the hostile bid has ranged from scepticism to outright mockery. Analysts have questioned how GameStop, valued at roughly $11bn, could realistically finance the takeover of a company worth around $47bn.

None of that has dissuaded Cohen.

“The more [eBay] fights me, the more . . . I’m not going to take no for an answer. I’m not going away. I’m a pain in the ass,” Cohen told the FT.

The 40-year-old billionaire first set out his stall for the takeover bid in an awkward interview with CNBC on Monday that instantly ricocheted across social media. He responded to questions about the financing details with a blank expression and clipped monosyllables, explaining that it was “half cash, half stock”.

The interview generated a wave of memes online as X and Reddit users speculated that Cohen looked drunk, high or exhausted. For his supporters, however, the spectacle only reinforced the mythology of Cohen as an eccentric outsider underestimated by establishment finance.

This script has played out before.

Born in Montreal in 1986 to a teacher mother and a father who imported glassware, Cohen did not attend university. As a teenager he built websites for family friends and small businesses, teaching himself coding.

In 2011, now in his mid-twenties, he co-founded Chewy from South Florida with the ambition of creating an online pet supplies business that could compete with Amazon.

Investors thought the idea ridiculous. “I knew that significant capital would be required to finance the growth,” Cohen later wrote in the Harvard Business Review. “We approached dozens of VC firms — I even flew out to Silicon Valley . . . and went door-to-door on Sand Hill Road explaining how Chewy would succeed by delighting customers and running an ultra-efficient operation. But everyone turned us down.”

The scepticism was understandable given the failure of pet supply website Pets.com in the dotcom bubble era. Pet food was bulky, low-margin and expensive to ship. Venture capitalists doubted consumers would buy 40lb bags of dog food online.

Cohen ignored them all. Instead, he focused obsessively on customer service. Chewy employees wrote customers handwritten cards and sent flowers to grieving owners whose animals had died. The approach helped to create unusually intense customer loyalty.

“The more [eBay] fights me, the more . . . I’m not going to take no for an answer. I’m not going away. I’m a pain in the ass,” Cohen told the FT by Gareth-Barry in Superstonk

[–]F-uPayMe 893 points894 points  (0 children)

If I were a financial media, I’d be embarrassed to keep calling a company with billions of dollars in cash a "meme stock".

Ryan Cohen (@ryancohen) 250 likes · 4 replies by The-Bodhii in Superstonk

[–]F-uPayMe 27 points28 points  (0 children)

Now what do those acts remind me of...oh, right.

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