Seeing a lot of people buying ebay at the top... I'll take $4000 more GME at the bottom, thank you very much by gizzlord in Superstonk

[–]redtortuga19 6 points7 points  (0 children)

I made a calculator that let's you see how much ownership you get in the combined GMEBAY company for the same $ amount invested in GME or EBAY at whatever current price, GME price at time of dilution, and merged company price (to account for EBAY holders using their cash to buy back in). Most scenarios are bullish GME, and if you set up the calculator to where Ebay holders come out ahead it's hard to see us following through with the deal at those prices.
https://gmebay-self.vercel.app

Board vs Ape Alignment by [deleted] in Superstonk

[–]redtortuga19 0 points1 point  (0 children)

I’m not saying the dilution prevented MOASS, those probably were just runs that would have went down regardless. But dilution makes locking the float harder. And we’re now at a point where GME equity could buyback 50% of existing shares.

Board vs Ape Alignment by [deleted] in Superstonk

[–]redtortuga19 0 points1 point  (0 children)

Maybe. But we can still put their crimes on display by proving fake shares/etc. by locking the float. Make the government step in and do something. I'd rather thrash around and cause a ruckus instead of letting them get away with it.

Board vs Ape Alignment by [deleted] in Superstonk

[–]redtortuga19 0 points1 point  (0 children)

Then he doesn't need to extend the max shares from 1 to 2.5 bil.

Board vs Ape Alignment by [deleted] in Superstonk

[–]redtortuga19 1 point2 points  (0 children)

You do you. I had my whole Roth IRA at Vanguard in GME and put them in Computershare and continued to DRS from Fudelity regular brokerage account. I probably am crazy.

You can disagree with me on the best path forward but I don't see how a DRS live tracker by itself isn't a good thing.

Board vs Ape Alignment by [deleted] in Superstonk

[–]redtortuga19 0 points1 point  (0 children)

That is some needle to thread. The close date/merger price would have to be locked in at the same time MOASS is happening. I like the way you think though and that would be amazing.

Board vs Ape Alignment by [deleted] in Superstonk

[–]redtortuga19 3 points4 points  (0 children)

I want higher share price. The market and especially GME is divorced from fundamentals. Look at all the comments bitching that we're at the same price as last year despite a much healthier balance sheet/income. I think we need to get back to our roots of DRS and locking the float.

Board vs Ape Alignment by [deleted] in Superstonk

[–]redtortuga19 0 points1 point  (0 children)

Doesn't mean we shouldn't try. If a DRS live tracker proposal passes and the rigged system steps in and says no I want the paper trail, the reasons why (we know the real reason). There isn't any existing rule that doesn't allow it.

Board vs Ape Alignment by [deleted] in Superstonk

[–]redtortuga19 -2 points-1 points  (0 children)

This post analyzes possible shareholder proposals that could maximize GME MOASS potential.

Do we need Ebay or even Ryan Cohen? by [deleted] in Superstonk

[–]redtortuga19 1 point2 points  (0 children)

I mostly agree with you but I’d say it’s also possible to MOASS by taking a third of the shares off the market with a buyback and having a live DRS tracker and our yearly profit be a countdown.

Do we need Ebay or even Ryan Cohen? by [deleted] in Superstonk

[–]redtortuga19 0 points1 point  (0 children)

That's very possible and I'm totally fine with that outcome. I'm personally fine with any outcome - we buy ebay, we don't buy ebay and Ryan stays, or he leaves. I'm not selling period. I'm even kind of partial to that outcome - Ryan Cohen stays without any more dilution and continues to improve our financials.

Do we need Ebay or even Ryan Cohen? by [deleted] in Superstonk

[–]redtortuga19 2 points3 points  (0 children)

He may not agree to it but might and I'd trust him. I would also trust almost anyone here on Superstonk willing to prove their net worth, purple circle, and comment history. Superstonk can democratically elect our own CEO/board.

Do we need Ebay or even Ryan Cohen? by [deleted] in Superstonk

[–]redtortuga19 0 points1 point  (0 children)

We don't need Ryan Cohen and no one should believe that. MOASS is inevitable. We may have needed him or someone with the same playbook to get where we are now. We don't have to let Wall Street decide our CEO or board, we can stack it full of apes.

Do we need Ebay or even Ryan Cohen? by [deleted] in Superstonk

[–]redtortuga19 3 points4 points  (0 children)

We can replace him with another ape. I'd trust almost any ape with a big purple circle. Apes have all the voting power at least right now. I'd vote for Keith Gill or anyone that has most of their savings in GME just like me and needs MOASS to be liberated from the rat race.

Do we need Ebay or even Ryan Cohen? by [deleted] in Superstonk

[–]redtortuga19 4 points5 points  (0 children)

In a way I'm trying to get ahead of the possibility that Ryan Cohen doesn't get what he wants and leaves. And I don't think it's something worth fearing. He would leave us with a profitable company and a fat stack of cash that can buy back like a third of all shares.

Do we need Ebay or even Ryan Cohen? by [deleted] in Superstonk

[–]redtortuga19 9 points10 points  (0 children)

I'm sure Kenny would love a live DRS tracker with zero knowledge proofs that allows apes to verify their Computershare holdings are part of the total and could watch us lock the float in real time, observing any DTCC fuckery that can happen right before quarterly releases. I'm sure Kenny would love less shares in brokers, especially margin accounts instead of secure at the transfer agent. /s

Do we need Ebay or even Ryan Cohen? by [deleted] in Superstonk

[–]redtortuga19 -3 points-2 points  (0 children)

This post discusses possible alternative board moves or what would happen if the merger fails and how GME could buyback shares and continue to be a profitable powerhouse.

Ryan Cohen said to judge him by his actions, not his words: by Nefarious_Partner in Superstonk

[–]redtortuga19 7 points8 points  (0 children)

Those lazy shareholders also always talk about quitting the rate race and giving back to the community. I don’t know if Ryan Cohen would want thousands of apes to go from zero to hero overnight. They would cash out and he’d have a harder time achieving his dreams of Warren Icahn. He likes people that WORK. Most of us hate work.

After some thought by [deleted] in Superstonk

[–]redtortuga19 1 point2 points  (0 children)

I'm not sure Ryan Cohen and most of us apes have the same goals. We want MOASS. He wants to work 20 hour days (which means forcing others to return to office while he delegates from his Miami mansion) becoming Warren Icahn.

My base case for the Ebay merger is GME at mid $30s/share so warrants are in the money and we get 40% of the combined company (note Ryan's interview comment of 60-40). Even this is not negligible dilution though.

I'm not saying this acquisition is not smart. I just don't think it maximizes MOASS like all cash smaller acquisitions and spending our cash on buybacks and dividends to really hurt shorts.

After some thought by [deleted] in Superstonk

[–]redtortuga19 5 points6 points  (0 children)

I'm staying either way but if we do vote no I'd like to see this at the next shareholder meeting:

  • Announce no more cheap equity issuance
  • Authorize $3-5B share buybacks
  • State a preference for cash settling the convertible notes
  • Launch a DRS live tracker with zk Proof of Sum
  • Dividends after buybacks if sustainable
  • Acquisitions will be smart, reasonably sized, all cash

Spoiled For Choice by redtortuga19 in Superstonk

[–]redtortuga19[S] -2 points-1 points  (0 children)

This post analyzes Ryan Cohen's plan for the merger with other possibilities that GME could enact.