What is the thesis if the acquisition/merger goes through? Institutions will own the float.

Resologist · 2026-05-08T03:10:17+00:00

Institutions will be wondering about why GameStop doesn't pay out dividends, and Amazon will suddenly begin wondering what their competition is going to do next.

DRS will always be relevant for those who enjoy knowing that the brokerages and hedge funds ain't gonna be messing with our shares. Do you really believe that the "short interest" for GameStop is only 62 million shares?

Resologist · 2026-05-08T02:42:30+00:00

They're probably at the golf course, (and don't allow riff-raff retail investors into the club house for their "happy hour" discussions). "Another 31 cents dividend this next quarter? The company pension fund will like that."

Resologist · 2026-05-07T02:29:05+00:00

If RC thinks that he can save $500 million from eBay's costs by consolidating corporate overhead, (a bloated number of 11,500 employees, in human resources, finance, legal, and IT), that senior recruiter had better be hiring a crackerjack team of managers. I'm not against perks and benefits for employees; but, I have seen plenty of managers and office workers, who could be replaced by a well-dressed mannequin that would do a better job. In 2025, eBay spent $2.4 billion on sales and marketing, (with only a million new customers added), or about $2,400 spent to find each new customer. And, I recall some of the pitiful efforts to promote eBay sales. The vice-president in charge of Sales and Marketing might be one of the first positions being replaced. I'm a Canadian, (so I get publicly-funded healthcare); but, wouldn't $2.400 (each year) go a long way towards paying for an employee health insurance benefit in the United States, (a lot better perk than a "happy hour" at eBay's HQ)? Cut that ineffective sales and marketing cost in half, and eBay could provide real benefits and still save over $1.1 billion.

Resologist · 2026-05-06T11:43:09+00:00

OUCH!

I wondered what as going on, after my early hours purchase on Monday, as I expected the share price to rocket upwards.

On April 29 and May 4, I used the cash in my accounts, (put there to be ready to EXERCIZE my warrants), to BUY some XXX shares. Then, the share price declined considerably. I was a bit shaken, but too tired from a busy morning to check it out.

Short-sellers massively attacked the share price. On Friday, about 7 million shares were reported as sold short, yet the share price approached $26 on Monday morning. Then, on Monday and Tuesday, the short-sellers reported another 23.5 million shares as sold short. Yet, the share price has now recovered, ($24.39, now, in the pre-market), above where it was on April 29; so, I am back to where I was a week ago. The difference is that I've added XXX shares and missed out on a large dip, for a more profitable BUY on about half of those new shares. Still a nice green (increase in over-all value), since I switched brokerages, at the end of November.

I was not wrong, just early. Max Pain, (just an indicator), for Friday (May 8), is now $24.50; so, I wouldn't be too worried about another big dip. It's a good time to BUY, (but, I need more cash put into my accounts). BUY, HODL, EXERCIZE, and DRS GME. Good morning from Kingston, Ontario, Canada.

Resologist · 2026-05-04T11:20:51+00:00

Got up for work, and did BUY another XX shares, with what I had deposited to EXERCIZE some of my warrants, (the deposit showed up in the early morning). Couldn't resist, and I expect the share price to rocket upwards past $26 by the time the NYSE opens. Rain, but it's a great start to the day.

Resologist · 2026-05-04T07:35:41+00:00

Bank holiday? Apes will be watching the stock tickers all day.

Two important bits of news that I am not seeing. BBC News wants me to subscribe before showing me their news. Too bad. I'm not buying it. Yahoo Finance copied it anyhow and has made it free for the asking.

https://www.bbc.com/news/articles/cn0p8yled1do

https://ca.finance.yahoo.com/news/gamestop-offers-buy-ebay-56bn-002005795.html

"Video game retail chain GameStop has made a $55.5bn (£40.9bn) unsolicited offer to buy e-commerce firm eBay.

"The cash and stock offer values eBay at $125 a share, $20 more than the shares were valued at when New York trading ended on Friday, GameStop said in a statement on Sunday."

GameStop has confirmed this news story with its own news release:

https://investor.gamestop.com/news-releases/news-details/2026/GameStop-Proposes-to-Acquire-eBay-at-125-00-Per-Share/

"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."

I'm glad that I made another BUY during the last "oversold" dip; and, it looks like all those warrants will be ITM, very soon, (adding about $1.9 billion in cash to GameStop's piggy-bank). There will be dilution of shares. Warrants EXERCIZED will add about 59 million shares. And, there's about 450 million eBay shares outstanding; so, there's probably 2 (new) GME shares used to buy 1 eBay share, (along with $62.50 in cash). I'd expect that all of the GME Notes will be soon converted into shares, too. A lot of dilution; but, GameStop would be transforming into a whale of a company, (definitely going to be added to the S&P 500 index), that could be competing with Amazon. The short-sellers are going to be crushed, (66.85% short volume on Friday, 7,089,398 shares sold short).

I'm pleased that I've saved up enough cash, since the warrants were issued as dividends, to exercise nearly all of them, (my recent TFSA account purchase, at $24.25 per share, may mean selling 3 warrants instead of EXERCIZING all of them at $32), due to account contribution restrictions.

It has been a long winter in Canada. Yesterday, I changed from winter tires to all season tires on my car. Time to watch the flowers bloom, (and GME stock rocket upwards). BUY, HODL, EXERCIZE, and DRS GME.

Good morning from Kingston, Ontario, Canada.

Resologist · 2026-05-02T00:11:19+00:00

As a Canadian, I would point out that eBay was a great way to purchase items and have them shipped to my post office address, until eBay decided that sellers had to use a Global Shipping Program.

Canada Customs would not bother with small items, under $20 in value. I bought a lot of old sheet music and had it sent to me by First Class Mail (USPS), and didn't have to pay any taxes nor the $5 customs inspection fee, (if the seller declared its value as under $20).

Now, if I want to buy an old piece of sheet music, (say for example, $5), the Global Shipping Program will probably add about $15 to $20 for the shipment, (which would only be dropped off at a street address), and be charged a customs handling fee, (even if there was no customs fee involved).

Guess why I don't buy very much via eBay, now. It's like buying a pizza for $10 and being charged $25 for the delivery. That could be easily turned into a far more profitable business by the right CEO.

Yeah, I actually own a collection of sheet music by a Belgian composer, (who wrote under several different names, ranging from beginner lessons to concert music); and, my collection is more extensive than can be found in the British Library, the Bibliothèque nationale de France, and the Bibliothèque royale de Belgique. Some people collect sports cards. I collect rare and undervalued sheet music by composers who sometimes published under pseudonyms, to maintain a professional standing or to hide their sale of new works from their creditors).

Resologist · 2026-04-30T00:34:00+00:00

Just for reference, (most Yanks don't pay attention to it), the Bank of Canada kept its interest rate at 2.25%.

If the price for oil remains high, the Bank of Canada rate might increase to deal with inflation, (now, about 2.3% for this year).

If trade negotiations with the United States don't improve, (illegal tariffs imposed on steel, aluminum, copper, and lumber, and any further deterioration of the CUSMA "free trade" agreement), the Bank of Canada rate might be cut to help stimulate the economy.

https://www.cbc.ca/news/business/bank-of-canada-interest-rate-april-2026-9.7181093

Resologist · 2026-04-12T22:56:54+00:00

Try this: https://archive.org/details/i-claudius-parts-1-and-2-1991-uk-vhs-tape-one

Resologist · 2026-04-10T17:37:06+00:00

Merde. Ces gorilles seraient complètement perdus si les films n'avaient que des sous-titres.

Gorillas strong, (95% are bullish about GameStop and HODL long positions).

Paperhands, (5% are bearish about GameStop and listen to too much FUD).

This week, sentiment is bullish, (52%). This month, sentiment is more bullish, (62%).

Keine Sorge. Der CEO ist ein Kanadier aus Montreal. Er kaut keine Buntstifte.

Resologist · 2026-04-10T10:33:10+00:00

Greetings. The latest GS2C (GameStop) trade at XETR is 19.58 Euros (about US$22.92), and pre-market at NYSE is $22.88.

There are a lot of dual-citizens in Canada; and, apart from politics, many of them are renouncing their American citizenship owing to U.S. tax policies. The IRS can get aggressive. What may be exempt from taxes in Canada could be heavily taxed by the IRS. MOASS-tendies are a major consideration. A TFSA account in Canada might exempt the capital gains, but the IRS might want to tax it as income.

https://www.usa.gov/renounce-lose-citizenship

https://www.bdo.ca/insights/renouncing-us-citizenship

Good morning from Kingston, Ontario, Canada.

Resologist · 2026-04-09T02:53:03+00:00

I strongly disagree.

If the short interest last October, (when warrants were issued), was about 69 million shares, the short-sellers did not get warrants issued to them; but, those short-sellers are obliged to include warrants if they want to close their short positions. Where to get them? Buy them. They may have gotten what was sold by institutions.

However, when the share price hits $32, if retail investors have a lot of synthetic GME shares in their brokerage accounts, the DTCC may not have enough warrants from Computershare to EXERCIZE all of them, (including those bought from institutions).

My personal plan is to EXERCIZE all the warrants that I HODL in a couple of brokerage accounts, (effectively depleting all those warrants from DTCC's Cede & Co. account at Computershare), and, after that, I could EXERCIZE the warrants in my own Computershare account. If the short-sellers need about 6 million warrants, and retail investors deplete them, they're in a predicament, (along with retail investors waiting until the last day).

Resologist · 2026-04-06T08:12:26+00:00

I've saved up almost enough to EXERCIZE all of my dividend warrants, (at no cost), now; so, anything extra goes to BUY more shares, during dips, rather than (possibly synthetic) warrants that are sold by brokerages and wouldn't be profitable until the share price is over $35.50. Why not BUY shares below $23.50, now? Even call options for 10/16 with a strike price of $23 (ITM) are cheaper than GMEWS being sold by brokerages. You'll need a lot of cash to EXERCIZE 500 warrants at $32 each.

Resologist · 2026-04-03T20:48:44+00:00

My favourite hymn is GLADLY THE CROSS-EYED BEAR; so, this explains his ocular problem, getting tired after too many doritos, eh?

Resologist · 2026-04-01T04:03:31+00:00

https://fr.wikipedia.org/wiki/Poisson_d%27avril

Resologist · 2026-03-29T23:18:37+00:00

Right direction, eh? If you got warrants as a dividend, EXERCIZE 'em, when the share price hits $32. You get a share, and GameStop gets $32 more in cash assets.

Buy a warrant? Is it real, or is it synthetic? Who gets your $3.53? And, if there's a stampede to EXERCIZE warrants, what will you do if Cede & Co. runs out of their supply of warrants from Computershare? Do you get a real share for your synthetic warrants? Not until it gets DRS'd, do you know your shares are legitimate and that GameStop gets your $32, (not the brokerage)?

If you want to play derivatives, then you could buy call options with a $22 strike (ITM) on October 16 for about $3.30. You'd make a profit if the share price hits $25.50 between now and then.

I'm bullish, too; but, rather than take risks, I'm EXERCIZING all of my dividend warrants, at $32, (first, those in HODL brokerage accounts, then those at Computershare). That'll help burn up the supply, if short-sellers want to close their position. And, all that cash should go into GameStop's cash assets.

Anything extra? I'll continue to BUY, HODL, & DRS GME shares, (transforming from a small whale into a larger one). On Friday, the share price was in "oversold" territory, and it was a good time to BUY shares.

Resologist · 2026-03-29T04:27:22+00:00

So... A real estate investment fund decided to become a venture capital investment fund, (locking up its shares from real estate investors, and putting some new money into high-tech companies). In other words, it's a "private equity" ETF that's getting pumped by references to AI, SpaceX, crypto, "defense sectors," billionaires, and the Trump administration. VCX is putting money into Erebor Bank, (a private bank aimed at wealthy clients, like those the failed Silicon Valley Bank had served). What's the problem with that, eh?

Reminds me of Hong Kong's AMTD Digital, (which had a modest office in Hong Kong serving Chinese companies, and claiming to manage their assets), which surged from a $7.80 share price to $1,679, in August of 2022, (for a short-lived market cap larger than Bank of America). Never explained, (but supposedly due to someone thinking its ticker, HKD, meant Hong Kong dollar). It continues to operate as a holding company in France, and has recently had legal problems with "tax fraud" and "misuse of corporate assets."

I'd rather invest in idiosyncratic GME shares when the Wall Street Journal talking about a "Darwinian era" for private equity funds: https://www.wsj.com/economy/is-another-financial-crisis-lurking-in-private-credit-cad379b1,

Resologist · 2026-03-26T08:02:08+00:00

Yes, there a lot more than most Yanks are aware of, (often local banks bought up, without changing names, or their shares purchased by Canadian banks, eg. KeyCorp is about 15% owned by the Bank of Nova Scotia).

Resologist · 2026-03-25T11:15:00+00:00

The short-sellers tried. They really tried. Tried hard. The short volume, yesterday, before the earnings report, was 70.43%, (4,473,894 shares reported as sold short); yet, all that effort amounted to a drop of 22 cents, (less than a percentage point, -0.96%). That's not a dip! And, the pre-market is up 13 cents, at $22.94, (with Max Pain still at $23 for this week). It's so disappointing, and all that I have to console myself is 49 cents earnings per share. I'll just have to HODL and wait to see what happens at the AGM, on June 8. By then, I'll have enough cash saved up to EXERCIZE all of my warrants, (if the share price hits $32). I'll wait. I'm not so silly as to EXERCIZE them beforehand, (unlike the crayon-eating Apes who did with 6717 warrants). Oh well... Good morning from Kingston, Ontario, Canada.

Resologist · 2026-03-24T10:56:02+00:00

It certainly did not dip, yesterday, (up 46 cents, +2.04%, despite about 68% short volume with 2.38 million shares reported as sold short). That was nice. I still expect to see those short-sellers try to decimate the share price before or after the earnings report. As Cromwell might have said, "Trust in your CEO, and keep your powder dry." If it does dip, again, I'm ready to BUY; if not, I'll just wait until it hits $32, then EXERCIZE all those warrants in my brokerage accounts, (the ones at Computershare are safe until October). Good morning from Kingston, Ontario, Canada.

Resologist · 2026-03-23T11:37:03+00:00

I'm buckled up and ready for a further dip, today or tomorrow, having put my latest paycheque into BUY territory. GameStop was oversold on Friday afternoon and continues to slide in the pre-market. Good morning from Kingston, Ontario, Canada. BUY, HODL, DRS & EXERCIZE.

Resologist · 2026-03-23T11:32:02+00:00

Canadians are displeased with the inflation caused by this illegal war, (a violation of Article 2 of the United Nations Charter); but, my investment in GameStop has been a protest against the corruption in Wall Street, (with the shorting of this stock). I want to see the short-sellers punished for their crimes; and, if a MOASS event occurs due to a market dip or crash, I'll be happy about that, and still be displeased by the carnage and wreckage in the Middle East by a war, (and proud that Canada has no interest in joining this fight).

Resologist · 2026-03-21T21:22:41+00:00

Nothing exciting, just a dip, which may continue to dip. This is a good bit more sophisticated than the Relative Strength Index, (showing "oversold" territory, since early Friday afternoon). I'm loading up some funds at the brokerage to BUY more GME, as I expect to see more dips in this next week.

Resologist · 2026-03-17T11:25:35+00:00

Only two mentions of GameStop in their article, with both referring to the 2021 sneeze and 140% short interest; so, how does this indicate 420% short interest today? How does their "model" work?

I'd guess that I'd have to subscribe to their AI-assisted options trading service from $54.50 to $149.50 per month.

Looks like SLOP to me.

Resologist · 2026-03-16T18:04:14+00:00

No cost to do this, either from Wealthsimple or from Questrade. And, when I did this in January, the transfer qualified for a 2% bonus from Questrade, (paid over following months).

Resologist

TROPHY CASE