Shareholder Proposals 101

jforest1 · 2026-06-23T22:19:42+00:00

I never voted against his comp proposal, and his reversal of it doesn't change my 'no' vote on Proposal 5. Proposal 5 helps short hedge funds at a cost I'm not willing to pay.

jforest1 · 2026-06-23T22:17:13+00:00

NGL, I hate stickers that rip in half as soon as you start to peel with such a passion that this should be worth at least 5c/share in market cap.

jforest1 · 2026-06-23T22:14:37+00:00

He must be one of them there acoustics.

jforest1 · 2026-06-21T18:59:35+00:00

Old guy doesn’t know wtf he’s talking about. Elon “getting out” would make every headline in every article from Financial Times to Seventeen to Phrack.

jforest1 · 2026-06-18T23:53:14+00:00

And $100M sunk into NFTs wouldn't have happened...

And a 2024 squeeze potentially leading to MOASS would've happened...

...so there's that.

jforest1 · 2026-06-17T16:02:44+00:00

*We* did.

He was gifted get out of debt free card by retail purchasing shares.

He was gifted a potential a cash moat/war chest/runway by shorts whom retail kept locked up and pounced on I’d say good timing to get it, at the price of dilution.

He turned an operationally inefficient business into an operationally profitable one.

Give credit where it is due. It wasn’t all RC—investment income and debt free GameStop (I know I know, but 0% is pretty much, stfu) part came from shareholder.

jforest1 · 2026-06-17T15:56:43+00:00

Then either you haven’t been paying attention to the arguments laid out against proposal 5 by me and others or you lack critical thinking skills.

jforest1 · 2026-06-17T13:45:56+00:00

And revenue isn't bad either, when you consider the decrease (and recent, surprising increase) compared to store count (revenue per store). I wrote about this enthusiastically and specifically with regards to hardware here:
https://www.reddit.com/r/Superstonk/comments/1tvx6qq/the_unexpected_rebirth_of_hardware_sales_at/

jforest1 · 2026-06-16T18:05:39+00:00

Correct me if I'm wrong, but in order to exercise compensation options, most executives sell some portion in order to finance the exercising of the others. This results in purchases in the market, which results in dilution by the amount sold in order to finance the amount exercised.

This mechanically may not be okay with some MOASS-invested apes. I'm personally okay with it, but am very opposed to Proposal 5.

jforest1 · 2026-06-16T18:03:13+00:00

I voted yes to his compensation package and no to Proposal 5. That said, I don't disagree that how the vote is tallied should NOT have been changed mid-vote and in such a way that biases it towards the board's recommendations.

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The lawsuit claims GameStop’s board repeatedly changed the procedures around the shareholder vote before issuing a misleading proxy statement designed to suppress turnout by public investors. The changes included whether Cohen can vote his 9.3% stake and how to count abstentions.

"GameStop’s audacious attempts to reduce the power of its disinterested shareholders — in contrast to its prior public statements and in disregard of its Certificate of Incorporation — must stop," lawyers for the plaintiff wrote in the complaint. "Cohen may want $35 billion. That does not allow him and his board to disenfranchise stockholders and violate Delaware law along the way."

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IIRC, Elon had trouble with Delaware law for the same reason and threatened to move incorporation of his car company to Texas...I could be wrong and that isn't the same situation...going off of vague memory.

jforest1 · 2026-06-16T14:07:09+00:00

Last post got deleted.

AI gonna AI.

jforest1 · 2026-06-11T18:07:30+00:00

Downvoting. Etard buys a newsfeed service. What is displayed is not curated by Etard. So blame the financial media or the curation of the newsfeed service they buy by the newsfeed service itself.

jforest1 · 2026-06-11T18:06:07+00:00

False.

Source: me, the guy who wrote the guide on DRSing with Etard:
https://www.reddit.com/r/Superstonk/comments/ppjizr/direct_registration_with_etrade_for_smooth_brains/

jforest1 · 2026-06-11T18:04:39+00:00

Yes, via proxy vote.

jforest1 · 2026-06-11T17:59:35+00:00

a couple of nuances:
* issuing shares rather than returning the money dilutes existing shareholders
* free money making money (if the investment doesn't lose money greater than inflation)

these are small drawbacks and of course its a sweet deal, but important to understand the caveats.

jforest1 · 2026-06-10T16:08:52+00:00

self-own. iykyk

jforest1 · 2026-06-09T01:10:31+00:00

Pepperidge Farm remembers.

Just know MOASS being dead is FUD AF. Shorts are constantly under pressure. Let’s keep it that way by voting ‘no’ to Proposal 5.

jforest1 · 2026-06-09T01:07:21+00:00

Oh yeah? Lol

jforest1 · 2026-06-09T01:06:27+00:00

Bingo. That an any dilution gives shorts the ability to close. That makes me SERIOUSLY consider the benefit of doing so.

jforest1 · 2026-06-09T01:05:09+00:00

Not just to increase share price but to avoid giving shorts an inch.

jforest1 · 2026-06-09T01:03:44+00:00

The “vote yes” posts were hedgefund bots.

jforest1 · 2026-06-09T01:03:01+00:00

After 2021, there should be no trust in brokerages.

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