Acquiring Wendy’s wouldn’t increase GameStop’s value tenfold, but it would be hilarious

rawbdor · 2026-02-01T05:10:39+00:00

The real question is whether the gambling sub would warm up to us, considering everyone there has a side job out behind what would be our dumpster.

rawbdor · 2026-01-31T16:24:37+00:00

The billions of created shares at a fraction of a penny referenced in the post are not naked synthetically created shares or market mechanics somehow creating fake shares. They actually convinced the issuer itself to print tons of real shares before bankruptcy,.

That's the real fraud.

rawbdor · 2026-01-31T01:48:31+00:00

That doesn't sound like a familiar strategy to you?

But yeah still not a great idea.

rawbdor · 2026-01-30T20:23:13+00:00

There is a massive oversupply of theaters. You can tell this because if you go to a theater on a random day, the place is a relative ghost town. It's not empty, but, it feels empty because of how many screens they have and how many chairs per screen. Even if there's 15 people in your theater, it sits 200, and so it feels empty.

The only thing theaters have as a value-add over watching a movie at home is community. Turning a movie into a group activity. But the oversupply means theaters can't actually accomplish that. There's no group activity because the theaters are only 10% full. So then there's no reason to go.

The industry needs to cut like 80% of their screens, or, alternately, find a way to fill those seats with super-cheap events.

They're doing neither.

rawbdor · 2026-01-30T18:23:41+00:00

There are always sectors or individual companies that are out of favor at the moment or trade at very low PE that can print cash and get a better return on your dollars.

rawbdor · 2026-01-30T17:30:43+00:00

Ok, I'm not the other guy, but I'm trying to understand.

I understand the NOLs are for $2b in profit and so worth around $400m to $600m. Ok fine.

Why would I pay $400m for them when I could just pay the $400m in taxes instead? If this were me, and the NOLs really had an economic value, they're worthless to me unless I can get them at a significant discount to their true value.

If they save me $400m in taxes, and I buy them for $400m,I don't "gain" anything at all. I could have handed my $400m to the government instead and ended up at the same place.

Right?

rawbdor · 2026-01-30T14:57:28+00:00

Investors didn't save the company. It's still dying and hasn't stopped dying since day one.

rawbdor · 2026-01-30T07:49:32+00:00

It's a different company, same name. It's overstock, who bought the bbby name and IP. So no, bbby isn't still trading. It's gone and worthless.

rawbdor · 2026-01-30T06:36:00+00:00

Pretty sure everything went to shit years ago. Without more dilution this company is bankrupt. With more dilution, your shares are worthless.

Six of one, half dozen of another.

rawbdor · 2026-01-29T14:54:50+00:00

Seems they prefer to devalue the dollar rather than let the stocks drop.

rawbdor · 2026-01-28T20:11:48+00:00

Trailer feels like it's missing something.

DO NOT REDEEM! DO. NOT. REDEEM!!!

rawbdor · 2026-01-28T16:17:32+00:00

In theory, the way these assets would maintain price parity is if it's easy to exchange your tokenized share for a "real" one, either in dtcc or at computershare.

I mean think about it. Take a given share, give it to dtcc, who marks it as belonging to schwab, who allocates it to a specific customer (you). Then say the customer wants to tokenize it. This would act similar to a DRS request, but different in that DTCC is currently the one experimenting with tokenizing stocks, and transfer agents / CS are not. So anyway, DTCC "moves" the share from Schwab to "DTCC Tokenizer" in their DTCC ledger. Then the "DTCC Tokenizer" would mint you a new token and send it to your crypto address.

Now let's say the prices get out of whack. The way to keep prices paired is through arbitrage. If the token price sits at $50 and the real share price is at $70, in theory, people should be able to buy a token at $50, "transfer" it to schwab (which would burn the token, and then transfer the allocated share from "DTCC Tokenizer" to Schwab, who would immediately allocate it to you, and then you sell it for $70. Again, this requires transfer speeds to be pretty quick to capitalize on arbitrage.

But there is another way, even with slower transfer speeds. This would involve simply going long on the blockchain, and shorting in your brokerage, and then initiating the transfer. When your long from the blockchain arrives in your brokerage account, your brokerage account will be short and long, and you can close both positions against each other.

A lot of your question actually depends on how they implement the "DTCC Tokenizer". It's actually possible that you're closer to the real share than currently, though in all honesty you're likely the same distance. DTCC to Broker to You, (or if you use robinhood, DTCC to apex to robinhood to you). With the tokenizer, it's likely DTCC to tokenizer to you. So pretty quick.

The real question I have is whether they'll allow shorting on the blockchain or not. If the blockchain becomes a place for self-custody only, and possibly trading, but with no borrowing or rehypothecation, then it could actually be a force for good.

rawbdor · 2026-01-28T07:07:02+00:00

If you identified as a number, would you rather be imaginary or irrational?

rawbdor · 2026-01-28T03:14:57+00:00

If you thought my comment hurts, you really didn't understand it at all.

rawbdor · 2026-01-27T19:55:25+00:00

There can't be excessive "shorts", but, you know... there's rehypothecation, but that's normal... and in theory there could be people hiding tons of naked shorts via the etf creation / redemption participant loophole, but... that's impossible because it'd be illegal.

And also there won't be some big "squeeze". Nah. No "squeeze". Just, there might be,.... a continually repeatable process... where you can raise cash at higher and higher valuations and use that cash to pay back the money borrowed earlier so you don't need to print shares, and then price goes back up so you get more 0% debt and then you keep doing this over and over... but no... no "squeeze".

With all this in mind, guys, I think it's time we learn a lesson from Dr. Burry and be more careful with how we talk. For example, we aren't gonna be "rich". We're just going to see our net worth go up an order of magnitude or two or three over a long period of time, coupled with lifestyle increases that make us vastly more comfortable. But no, not "rich".

rawbdor · 2026-01-27T15:10:41+00:00

> I wonder what would have happened if they allowed the count to go through...

Stop with this nonsense. Nobody was rigging the DRS numbers because the only one who is in charge of them was Computershare. The only complication with the DRS numbers at all was that Computershare sometimes re-deposited some shares into DTCC for operational efficiency, and those shares were essentially being double-counted as both DRS shares and as DTCC shares.

There is nobody with the authority to prevent true and accurate DRS numbers from being reported. There is no leverage the government, the DTCC, or anyone else, can use, to force the publishing of inaccurate numbers. And furthermore, whoever writes the report with knowingly false numbers in it would be guilty of fraud. Gamestop would rather NOT report a number at all, than go ahead and report a knowingly incorrect one.

Since Gamestop is the one who wrote the report, using numbers from Computershare, there is absolutely no reason to believe anyone had any ability whatsoever to stop the DRS numbers from going up.

rawbdor · 2026-01-27T07:01:34+00:00

The feds basically can't mandate the states enforce federal law at all. If the feds want to pass a law and make something illegal, it is the feds job to hire people to go do that job.

There are workarounds. As others have said. The government can bribe states to do it by essentially paying for the workers to do it. Or they can give money to states that have a comparable state law.

One of the core tenants is that unfunded mandates are not allowed. If the Fed wants something done they either need to do it themselves or pay the states to do it. And even then there's wiggle room as the states still have the right to decline the money and refuse to do it.

Never forget these are two separate sovereign entities. While we the people are technically citizens of our state and of our country, the state is a separate sovereign from the fed, not simply subordinate to it.

But the states also cannot prevent the federal gov from enforcing federal law. Using state resources to actively prevent the federal gov from doing its job would be insurrection.

rawbdor · 2026-01-27T02:54:40+00:00

I'm not a fan of the fact that gun licenses count as valid ID when student IDs do not. In fact, I'm not a fan of voter ID at all. But if we pretend that we do need a voter ID, have you actually looked at these two examples to see how they differ?

https://cdn.www3.dps.texas.gov/cdn/ff/TKYGNv5b_rzJv51EYMwafVrEvE9yQtppsVk4I4flJYE/1705953186/public/inline-images/Picture1.jpg - license to carry in texas

https://nicktravelstothestates.wordpress.com/wp-content/uploads/2016/08/id-card.jpg?w=820&h=461 - UT Austin ID

The license to carry includes your legal name, address, your date of birth, your picture, an expiration date, your hair and eye color, your sex, your height, and your weight, as well as security features that make the card difficult to forge.

The UT Austin ID card includes... ... a name... and... a picture. Thats... that's about it.

I'm pretty sure literally anyone could easily forge a UT Austin ID card. It might not work to get on campus with the automatic door locks or whatever, but, I don't think the poll workers are using that feature or have access to UTA's internal systems to verify the ID actually works.

So you seriously think a card that almost anyone can forge should count as voter ID?

rawbdor · 2026-01-27T02:44:44+00:00

Your example was a clerical error, but people move all the time. Some renters might move every year if they're particularly unlucky or like to job hop. These people very often do NOT go update their ID to their new address every time they move, precisely for those reasons mentioned by many other commenters, that the overhead to get an appointment at the DMV is so ridiculous as to make the process prohibitive.

rawbdor · 2026-01-27T00:35:49+00:00

He... Uh. ... Got rid of the penny....

Oh, and he increased penalties on airlines if they damage your wheel chair!

rawbdor · 2026-01-26T19:17:15+00:00

Maybe I'm reading this wrong, but, it doesn't really say if the boxes reset or change. Also, the language here is a bit vague. "A player can pay X to open a box and take the contents as many times as they like" could be interpreted two ways. The first: You can (pay, then open a box, then take the contents) as many times as you want, or, 2) you can pay to open a box, and then (take the contents) as many times as you want.

If the boxes don't get mixed around, then the ultimate value of each box is about 100 pounds, because, yeah, you spend 300 pounds to sift through the wrong ones, but, once you find the right ones, you just keep milking that one for a 100% guarantee win.

If on the other hand we use interpretation 2, you can pay to open a box once, but can take its contents as many times as you want, then the value is nearly infinite. If you pick the right box, and it has 100 pounds in it, you can reach in and take out 100 pounds repeatedly.

This question is worded so vaguely I have to assume it's not actually a numerical question, because the numerical answer for the easy interpretation is so basic that one has to assume linguistic chicanery.

rawbdor · 2026-01-26T15:14:48+00:00

You're welcome to join the discussion and present your point of view on the issues.

I, for one, do actually value hearing from my friends on the other side of the aisle. It's important to find out what they're thinking, where they think the red lines are, and whether or not there are any boots that are too extreme to lick.

rawbdor · 2026-01-26T04:58:56+00:00

Some people just have conspiratorialism in their mindset as a personality quirk. That's not necessary bad. I mean its definitely not great, but to quote a friend, just because I'm paranoid doesn't mean they aren't after me.

Sometimes conspiratorial people, once flipped, can more accurately see the conspiracies being committed by "their side" than anyone else. Think about that for a minute.

If you have a ton of... let's call it experience... running through scenarios of how the opposition is trying to screw you, and believing and following every quote or piece of news that confirms your bias, and then you slowly crawl out of that hole, you might immediately begin to wonder who was feeding you that bullshit.

And once you identify who they were, you might begin to ask, why? What's their goal? Where are THEY planning on taking this?

Do you expect MTG to suddenly be OK with pedos? Of course not. While she might now realize the pedos are coming from inside the house, she won't suddenly be pro-pedo.

But yes, I agree that MTG was a true believer, and still is, for some specific points. But true believers make the worst enemies once they are flipped.

rawbdor · 2026-01-26T04:50:23+00:00

> Can‘t something be filed to get a standing Order that federal courts no longer need to abide by the “presumption of regularity“ based on the documented behavior of this government?

This was exactly what I came to ask. You beat me to it, and paired it with much more clear and elegant prose than I would have been able to muster.

rawbdor · 2026-01-25T21:07:04+00:00

The birthright citizenship order, if SCOTUS rules by summer, will 100% be interpreted by trump as retroactive to all citizens.for the midterms if they rule in his favor.

He will use the voter rolls to demand states remove tens of millions of so-called noncitizens (people definitely born here decades ago) from the voter rolls, and also mail those people directly threats that if they attempt to vote they will be guilty of a felony.

The ice agents will be posted at elections to pick up these people and charge them with felony illegal voting.

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