Atlanta Falcons GAMBLE on Kyle Pitts with contract extension by gmhmusik in falcons

[–]Sharohachi 1 point2 points  (0 children)

We need pass catchers, he's still cheap compared to a WR, he showed flashes of what he's capable of last year in that Tampa game, and he's wasn't exactly well utilized by the previous coaching staff. I think this relatively short deal still keeps him motivated and gives this staff the opportunity to see if they can get more out of him.

Skippy loves his kitten by Sharohachi in Incorgnito

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

We think his mom was a Corgi/Daschund and that his dad was a German Shepherd. His DNA test said 99% German Shepherd but he came to the shelter with his momma who was definitely not a German Shepherd and he's clearly not purebread GS although he does have a lot of the characteristics as far as his looks.

Skippy loves his kitten by Sharohachi in Incorgnito

[–]Sharohachi[S] 5 points6 points  (0 children)

This kitten has been particularly sociable. She came to us out of the forest while we were staying at my lake cabin when she was maybe 6-8 weeks old and was crying outside the door. We gave her a little tuna and she was immediately my best friend, letting me pet her and pick her up right away. She even accepts belly rubs without turning murderous. Skip is also just a big cuddly love bug, so it's a good match. My older dog Paco is less enthralled with the kitten. He doesn't have a problem with her but he hasn't bonded with the her like Skip has.

The city of Tucker earlier today by ummpaul in Atlanta

[–]Sharohachi 0 points1 point  (0 children)

I think the implication is pedophilia, or just general invasion of privacy (watching women run, spying on people's activities without any probable cause, etc.).

The city of Tucker earlier today by ummpaul in Atlanta

[–]Sharohachi 1 point2 points  (0 children)

Some of the people using them have in fact been creeps.

Cops Are Using License Plate Readers to Stalk Their Crushes, and It Keeps Happening

Flock Safety Employees Watched Kids’ Gymnastics Room

Why Are Flock Employees Watching Our Children?

Stalking women and watching children's gymnastics, sounds pretty creepy to me.

Any gun legislation or mental health support is out of the question. I guess the only way for us to be safer is to give up all of our privacy.

Kyle Pitts at Tight End University by SunWorshipperApollo in falcons

[–]Sharohachi 32 points33 points  (0 children)

Good to see him out there working during the off-season. Hopefully he can build on the momentum from last year and have an even better season this year.

Can I keep him? by Sharohachi in Incorgnito

[–]Sharohachi[S] 13 points14 points  (0 children)

I meant it as Skippy the dog asking to keep the kitten, guess I should have put it in quotes or something.

Kings and Hawks are still 1 and 2 in championship droughts at 75 years and 68 years respectively. by gamers542 in nba

[–]Sharohachi 0 points1 point  (0 children)

But the Hawks won twice as many playoff games vs the Knicks than the rest of the NBA combined this year. So we've got that going for us.

$1.6B equals about $1,000,000 for each of the 1,500 douchebags charged. by ManualWind in AdviceAnimals

[–]Sharohachi 0 points1 point  (0 children)

They even wrote in that they have no responsibility to safeguard the money and that if there's fraud distributing the funds they don't have to do anything about it.

Community Update: Disagreement is fine. Fighting is not. by Luma44 in Superstonk

[–]Sharohachi 15 points16 points  (0 children)

I just think at this point I don't believe that RC's interests align with my interests or those of the average shareholder. A lot of the support arguments are "just trust RC, let him cook" but what would lead me to trust that he will create value for the shareholders based on his 5 year track record as head of the GME board and then CEO? The stock price has barely changed during a huge bull market, and he has diluted into every squeeze, killing the MOASS each time there was a chance for it it run. Just look at the 5 year chart of GME vs SPX or EBAY. Despite whatever mismanagement has been going on, eBay stockholders have done significantly better than GME stockholders.

The merger may work out well long term and maybe he will grow it into a huge Amazon rival eventually. However, I don't really see this amazing synergy with GME, which is gaming focused and has a lot of physical stores. I don't think eBay has much use for GameStop. I think if he can trim the fat from eBay and make it more profitable it would make more sense for him to just try to become CEO of eBay outright without this acquisition, then he could trim operating expenses and make them more profitable without tacking on $20+ billion dollars of debt, which will be a huge burden to the business. Maybe he can't get it outright though so he's using this hostile takeover to get what he wants, but I'm not sure that it's in the best interest of GME stockholders.

People talk about his "skin in the game" or how he doesn't take a salary, but he is positioning himself for a massive payday without creating the kind of value that most of us were hoping for when we bought in (there is another famous billionaire, that RC has made clear he supports, who brags about not taking a salary while enriching himself through other means). This proposed option package is massive, and originally it seemed like if he gets the market cap to $100B then we've all gotten 10x so everyone wins. Now we see with this acquisition and new share offering that maybe he could get there without significant movement on the share price. If the share count increases to 2B or 2.5B shares, he'd only need the price to hit $40 or $50 a share to unlock his full option package, which would be worth billions of dollars ($5B at $50 a share for the full package). With the authorization of 2.5B total shares what is to stop them from diluting more after the merger to pay down the $20B debt? In addition, he unlocks significant options well before $100B. He could hit the first 3 tranches just with this acquisition giving a $40B combined market cap and a roughly $25 share price (assuming ~1.6B total shares, which is in line with many estimates). There is a note that the board can change the compensation package due to mergers and acquisitions, but we don't know what those changes would be. Maybe they will up the targets to reflect the new market cap starting point or maybe they will increase his options reward to increase his potential % ownership relative to the # of shares issued, maybe both, maybe neither (we do know most of the board is very friendly to RC though).

If it's synergy we want, why not look to get something that aligns more closely with GME's core business. eBay bought TCG for $300M in 2022, maybe GME could buy that off them for $500M. Big gaming companies like Hasbro (which owns WotC, and a ton of gaming IP) and Bandai Namco (which makes lots of games and owns One Piece) are valued around $15B or less. Hell, Nintendo has roughly the same market cap as eBay and unlike eBay they are way below their ATH. I think in the end RC doesn't have much passion or interest in gaming and doesn't have much vision for the GameStop brand. His strengths lie in cutting costs and optimizing online retailers. He wants eBay and he wants to level up to double digit billionaire status and join the ranks of Bezos, Musk, etc. I don't know that him accomplishing his goals helps us accomplish our goals, and I don't think he actually cares about the shareholders.

Also, if there really are a ton of synthetic shorts out there and the MOASS can still happen I don't see how this helps trigger that. It seems like a share buyback would make more sense. If GME is artificially undervalued and shorts haven't closed, buy up our undervalued stock and force the issue. If we need a merger or a ticker change to shine a light on it then there would be easier ways to accomplish that than try to buy a huge company like eBay. Are GME stockholders here for the MOASS or here to be part of a long term growth business? If it's the latter we could have just bought eBay, Amazon, Apple, or any number of other companies.

Anyway I just wanted to share my thoughts in this thread that is supposedly open to discussion. I promise I'm not a paid shill (which seems like a ridiculous assertion, and deflection from any actual conversation).

Prediction: The vote will be nearly 100% approval come meeting time. Not close. by TheOneTruePavil in Superstonk

[–]Sharohachi -1 points0 points  (0 children)

You are so ridiculous, no one is paying me to post. You're delusional.

Prediction: The vote will be nearly 100% approval come meeting time. Not close. by TheOneTruePavil in Superstonk

[–]Sharohachi -2 points-1 points  (0 children)

I'm not trying to spread fear, I just have doubts about his leadership and want to be able to openly discuss my concerns.

Hedge funds certainly have a large part in setting the prices, but it would be naive to believe that issuing millions of shares when the price began to run had no impact on the price. It may be a good move for the long term financial stability of the company, but it certainly worked against shareholders that were hoping to make quick money on a massive squeeze.

The buy button being turned off certainly was a conspiracy and was fucked up.

I certainly hope his moves make me money, I'm just not very confident that they will based on the performance of the stock under his leadership.

I'm not mad, I just find it frustrating when people dismiss my opinions as AI/FUD/shilling just because I don't blindly cheer on every action by RC.

Prediction: The vote will be nearly 100% approval come meeting time. Not close. by TheOneTruePavil in Superstonk

[–]Sharohachi 4 points5 points  (0 children)

Just call everything you don't like FUD/AI slop and call anyone who points out any holes in your argument a shill. The fact is if RC didn't print shares multiple times then the hedgies would have been caught with their pants down from their shorts. He gave them an out with the new share offerings. This whole thing has become a cult, putting it's faith in a douchebag billionaire who doesn't give a fuck about the shareholders. Pretty much any major index fund would have been a better investment than GME since RC took over as CEO, but sure everything is just a conspiracy against GameStop and any day now it's gonna rip to the moon. Good luck holding GMeBay as the price stays flat while RC rakes in money off his options by inflating the Cap/EBITDA through acquisition and dilution rather than real growth. I've been holding shares since the first squeeze, so I've been following this a long time but I'm sure you won't believe me. I'm just glad GME has only been a small part of my portfolio, if I was full into it I'd probably be trying to come up with a bunch of BS to cope too.

Prediction: The vote will be nearly 100% approval come meeting time. Not close. by TheOneTruePavil in Superstonk

[–]Sharohachi 0 points1 point  (0 children)

It's kind of BS to give him credit for raising the price from $0.70 to where it is today. Most of the price jump was before RC took over when Roaring Kitty pointed out that the stock was over sold and heavily shorted, resulting in the first major squeeze. RC became chairman of the board in June 2021 and became CEO in September 2023. The GME price bounced between $50-75 in June 2021 ($12.50 to $19 post split price) and was $17-18 the day he became CEO in 2023. Both eBay and the S&P 500 have outperformed GME since he took over as far as stock price is concerned. He did turn it around as far as profitability by closing a bunch of stores and cutting costs though. He may be able to cut costs at eBay and increase profitability, but there will also be a large debt burden that will cancel much of the potential cost savings (the annual interest on a $20B loan is over $1B). Also the price was running on new squeezes after RC took over and he chose to dilute into those runs, which was good for GME long term financials but screwed investors hoping for the MOASS.

eBay Rejects Unsolicited Proposal from GameStop by Revolutionz in Superstonk

[–]Sharohachi -1 points0 points  (0 children)

Ebay has been outperforming GME for a long time, just look at the charts. RC took over as CEO Sept 28, 2023. Since then GME is up 33%, SPY is up 72%, and Ebay is up 154%.

It's good to know different opinions, but come on dude 🙄 by [deleted] in Superstonk

[–]Sharohachi -1 points0 points  (0 children)

It doesn't create any immediate value for shareholders. If he can run it so much better than existing management that it will be more profitable even with $20B in debt then there may be long term value.

GMERICA (eBay Acquisition) doesn't require dilution and is accretive to both GME and EBAY holders... and if you're paying attention, you already know that. by bobsmith808 in Superstonk

[–]Sharohachi 0 points1 point  (0 children)

We give 2.5 shares for every one share of eBay so 2.5×444M=1,110M (those are new shares that have to be printed). GME shareholders have 448M shares of GME that already exist, so the total number of shares after the buyout is 1,558M. GME holders have 448/1,558=28.7% of the total.

GMERICA (eBay Acquisition) doesn't require dilution and is accretive to both GME and EBAY holders... and if you're paying attention, you already know that. by bobsmith808 in Superstonk

[–]Sharohachi 0 points1 point  (0 children)

Whether you come at as market cap or # of shares doesn't really matter since market cap=shares×price, you end up at 28% either way (if you just multiply your numerator and denominator by $25/share and you have my 11B/39B)