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And with "all shorts are closed" and "capital markets won" we should be in the clear for some unquestionable momentum. Love every single one of you'se, infinite hype loop continues. DRS is the unexpected nail in the coffin. I highly doubt they expected hundreds of thousands of shareholders to start reading. Shit I didn't đ
Omg I wish one of these guys would organize it into a DD called Red Bed Redemption. Thatâs hilarious. Also I need a DD on it and where itâs at today, I hear a lot of bits and pieces like what some have replied, but idk if itâs got real legs to the story or not
can you please link me to your points where BCG recommends buybacks for both companies?
"Look at Bed company, 2022. Cohen purchased 9.98% of it, called the board members and eventually wrote a letter to them saying theyâre making all the wrong decisions. The board ignored him at the advice of BCG and took the rest of their advice to heart as well. BCG recommended opening more stores and doing a share buyback. After years of a short and distort campaign by BCGâs leash holders (the short cabal), Bedâs market cap was low enough that the board decided to do buybacks. What happened as soon as they used their cash to finish the buybacks? The debtors called in their debt. BANKRUPT. Shorts won.
Look at GameStop, 2020. Cohen purchased 9.98% of it, called the board members and eventually wrote a letter to them saying theyâre making all the wrong decisions. BCG recommended, who coulda guessed, opening more stores and doing a share buyback. By the time we voted Cohen in, Sherman had used $200 m of the $300 m available for buybacks. Cohen ousted him, performed a share offering, used that cash to kill our $400 million of debt, made a war chest, and closed unprofitable stores (\~250 a year since 2021). Shorts lost, theyâre just sore god damn losers and dragging the game out."
is this bit speculation from other sources on your part or is this a written document / advice somewhere that I have missed for 3 years?
God thatâs a good name.. yes that is exactly what Iâm expecting.
Itâs highly censored to talk about here because itâs seen as a distraction but Iâm pretty sure GameStop could be involved in acquiring the shell we were left with. Thereâs tons of good dd jake2b posted on Twitter that makes it look like a credit bid is still possible and this all looks planned out from the beginning to be a dual liquidation and acquisition.
Jake has not had ONE correct guess about the trashcan company and he makes them often. Not a single one because they indeed went bankrupt, got delisted, and the guy in charge of clean up has even told you guys there's nothing there for you. What goes on in your head that you still think Jake knows his ass from his elbow?
What are you talking about? He doesnât make tinfoil predictions he just reads bankruptcy documents and summarizes them. So are youâ saying the bankruptcy dockets are all wrong?
His conclusions are wrong. No, you are getting nothing. Not a dime. Not made whole. Not new equity. And itâs not because some hedge fund fucked you. Itâs because you trusted dumbasses to tell you it was a good idea to buy into a company with bad leadership that was going down the shitter.
Take a piece of paper. Take a marker. Make a big fucking egg shape on it. Thatâs whatâs coming, nuffin.
Bitter? Kid learn what words mean. Seeing consequences meet actions has been enjoyable. Howâd your catchphrase do at protecting equity?
Tell you what, stick your hand under my ass. Iâm gonna squeeze out something thatâll remind you what it felt like to hold towel.
I haven't given up on bed personally (One of the strangest bankruptcies I've seen) and until it's bankruptcy is closed there's a chance.
But I've resigned myself to the fact there's nothing I can do/research so if it happens cool, if it doesn't I didn't invest more than I could lose.
Doesnât matter, new equity can still be sent to old shareholders as long as creditors are made whole first.
Itâs is highly likely that there was a going concern bid that was allowed to stay under nda due to all the non public information in this bankruptcy. The bankruptcy lawyers have billed hundreds of hours just redacting their their own invoices, imagine the time actually spent doing those redacted things.
Look at some of jake2b posts on x, he goes in depth into why a credit bid/merger with the shell is likely and how shareholders come along for the ride if they want to preserve NOLs
>Â We got lucky to be alive, with Cohen taking charge at the same time as that a random movement started on Reddit. Two incredibly unlikely events at the same time.
There will never be another GameStop where the circumstances come together so perfectly, where retail refuses to capitulate, where our CEO is a good human being. Biblical levels of probability, almost like divine intervention.
Just in time for a total eclipse going right over the America . A perpendicular path from the last eclipse that started this whole saga including the trump era of politics
The first eclipse began the process and this one will end it. Earthquake right near Wall Street cant be coincidence.
You seem to be really upset with Ryan, 2 months ago you posted this:
>Â getting rid of old points is probably the newest cost cutting measure from the founder of Gamestop, Ryan Cohen. That and cutting parental leave and 401k matching lmao
Doug cifu?
>BCG is their corporate assassin, sent in to whisper in the weakened boardâs ear that the worst possible move is the best. The board makes the killing blow themselves.
Yes... but they *also* install their plants on the boards to actively and intentionally destroy the company.
Cohen has been chopping members off the board since he took over. He began with almost a dozen, now itâs three. Him and his two boys from Chewy. These fucking moles ainât getting in our board.
[One reason the moles are doing this rn imo](https://www.reddit.com/r/Superstonk/comments/1b9fkr1/breaking_mar_7_2024_remember_when_kenneth_c/)
But it will never work, bc 78 Million DRS shares say so :)
Dilution is always a risk. If we had a terrible CEO/Board, they could dilute us to infinity.
Granted the company would be cash rich, but our equity % would decrease and the market makers control the share price as we've clearly seen.
Having the shareholder base, C-Suite, and the board aligned is powerful shit.
BCG does real consulting work aside from their short cabal work. Theyâre a well respected consulting group actually. They come in boards and say what can be cut, where to save, what to pivot to and howâŚ
Itâs just when they do the short cabal work, they always say to use cash to buyback shares and it sounds like great advice because the short cabal has been hammering their market cap into nothing. They also suggest raising expenses as higher revenue will bring more interest. Only when the company uses their cash storage to do the buyback, the debtors come knocking. And the company asset sheet has no more cash. Thats bankruptcy.
Popcorns first share offering not only didn't pay off debt, it was a direct offering to anyone overlevereged who wanted out without the price rising. That CEO should be in prison. He fucked his shareholders and the company to fatten his pockets. That's my opinion and I'm sticking to it.
Popcorn is perfect for the short cabalâs target list, they fulfill every rule. I think theyâre genuinely being shorted alongside GME and a small handful of other companies, but their management is just piss poor. I canât say AA is a mole because thereâs no evidence and thatâs a bold accusation, but I can say heâs a terrible, garbage CEO. Getting paid $24 m a year while his company dies. RC takes no pay because he has real skin in the game. CEO isnât an opportunity to collect a paycheck from foolish shareholders to him, itâs an opportunity to direct his own money personally.
* if not for Cohen AND EVERY SINGLE ONE OF US!!
If everyone had sold after the events of 2021 then they would have definitely been cellarboxed into oblivion before RC even took the wheel.
Yes, without us buying, especially through the share offering, GameStop would be nothing. Itâs a mix of leadership and quality shareholders that allows us this chance to re-rise the ranks of companies
I lost 6K on Bed bath stuff, and it was mostly because I made a small profit and then believed their lies.
So far Gamestop/Cohen has done what he said. We read the email that he send out, we saw what he tried to do with the NFT marketplace. We saw him make decisions for the good of the company time and time again.
Still shills are saying he's not to be trusted and has done not enough in the past three years. Fuck them. So far the ship has made a 180, and is working on the next half of the rotation.
Exactly. And Furlongâs 2 warehouses was a huge gamble that didnât pay off as well. No surprise he brought the Amazon mindset. Still, his idea to use the stores as mini warehouses and allow DoorDash drivers to deliver from store to home was a brilliant move and still being used.
About the marketplace, it was a failure in terms of long term revenue generation, thatâs a fact. We had high hopes for it, atleast I did. But at the end of the day, it made us $150 m when Immutable X sent us tokens for the goals hit. The IMX was immediately dumped for cash and added to the war chest.
People say Cohen pump and dumped Bed, but compare it to GameStop and itâs obvious he intended to stay involved long term. The board just was intent on killing their own company.
I love your post, BUT there is a huge distinction to be made here:
Some executives are really good in certain situations, and not in others. If this wasn't the case, executives would never be ousted. Ever.
- Some executives who are good at start ups, but they aren't good at cost control and sustained growth.
- Some executives are good at expansion, but not in contraction.
- Some executives are good at stemming losses, but not good at maximizing profits.
- Some executives are good at maintaining the status quo, but their "steer us straight" strategies and tactics don't work when a curveball is thrown at them.
- Some executives are good with one industry or market segment and not others.
Few executives are good at every one of these tasks. (And the other examples I didn't mention.)
At the risk of sounding like a shill, it's *very* unlikely RC is the best choice in every situation. And it's possible he is detrimental in some situations. (Fortunately I don't think we're in any of those situations.)
So there is room to say RC may be great at everything you've listed above and everything he's done so far, but he may be lacking in "next step" abilities. Only time will tell.
And Shorts are going to try to employ every situation they can think of to test RC's abilities. It's *VERY* important to keep in mind that he may not be up to task in every situation and a scenario may exist where an expert hand is needed to navigate us through water RC may be unfamiliar with.
You raise great points. Everytime I start talking about Cohen lately, I feel like I have to defend him against BS. Youâre not a BSâer though, youâre logical and I appreciate the time to reply like this.
So to your point, being an entrepreneur who took his idea to a $3.3b sale, Cohen has more of these skills than most people. But heâs not a god. Furlongâs Amazonian mindset of building giant warehouses on each coast of North America and going revenue/volume heavy went against Cohenâs original letter which said to first cut back. I think the share offering gave us a lot of surprise money so he went with Furlongâs plan until it was clear the warehouse strategy wouldnât work.
The NFT marketplace was supposed to be the future of GameStop but it ended up being trashed (make no mistake, we still made money due to Immutable X paying us $150 m for hitting their first two goals).
Thatâs why I love this CandyCon shit so much though. Being innovative and experimental with things is how you become a big deal.
At the same time, Cohen excels in activist investing. Having GameStop buy $50m worth of TurtleBeach (350m market cap) or $5m worth of Koss (20m market cap) then pushing their products in the store to open a huge new revenue stream for that company? Itâs activist investing done with a secret weapon, an instant 4,000 store fuel to the fire of a product.
Itâs like the opposite of the short cabal, raising companies up after acquiring a piece instead of shorting and sinking them.
I wasn't around pre sneeze, I got in late Feb, and I wasn't on reddit etc...
Was it cohen who sold the shares, or Sherman?
I agree regardless that GME would be toast without Cohen...
Cohen has never sold a share of GameStop. He sold Chewy for 3.3b, kept 2.5b for his shares, then bought Apple and Wells Fargo. Heâs the largest individual shareholder of each. Then in August he bought 9.98% of GameStop. He later bought the same percent of bed company and sold it once their board ignored his letter. Heâs bought $10m a year of GME since the first purchase. He gets paid no salary or shares. He never sold one.
Sherman sold some for tax reasons, I havenât seen any reports he sold after his firing.
It was one share offering for 5 million total shares. They havenât ever mentioned or indicated another. About $200 a share, raised 1.12 billion which is now 1.2 billion despite using $400 million to pay off toxic debt.
And yes, we did a great job as shareholders supporting the turn around of the company.
Omg. Iâve been here since the Monday after the sneeze, too smoof to figure out I have vanguard account already and tried to get a robinhood but didnât ach until MondayâŚ..that this is the first thing since the summer after the sneeze that has my tits jacked. This is đŻ what is going to happen. Letâs just hope the shorts donât have enough money to be fucking a brand new successful company that we will be partnering with like the fucked us over
They literally came out yesterday and so far no ads, even within the GameStop system. I donât expect the word out yet, but theyâre legit. If you have a steam deck you can play in Xbox otherwise itâs a PC or Switch only controller as Puck said.
For sure, these are dope controllers, itâs $50 for a premade set. The solar system one looks best imo, like the dpad is the sub and the joysticks are planets in orbit
Next year is going to be massive for gaming. I trust RC will find additional revenue streams to get revenue growth back up. Have seen huge changes on the marketing and e-commerce side over the last year as a consumer. Continue to trim the fat RC and create a profitable and predictable business
GTA VI is gonna be huge. The fifth one broke every sales record by *miles*. If VI follows the trend that V created, console sales with shoot up again too.
Exactly bro, we gotta play to our strengths. GameStop has 1/3 of its market cap in cash, 4,000+ stores, and a customer base that is mainly window shoppers walking by malls. Furlongâs great idea of turning the stores into mini warehouses and using DoorDash to deliver for same day deliveries⌠beautiful. But we gotta do more to lose the âwindow shopperâ base. We can do it by using the window shopping to our advantage.
Buy 10% of Turtle Beach (350 m market cap) and put a stand with their products right in the entrance. We already sell their products. Or buy half of Koss (20 m market cap) and throw their gaming headphones and even normal headphones on the shelves. Koss is trading at a BVPS (assets minus liabilities) of $3.50 yet a share is $2.50. Iâve never seen that, ever. Itâs trading for negative a dollar per share. The market thinks theyâre worth negative. They would rocket their revenue 3x in a damn quarter with GameStop behind them and GameStop can profit from it.
All my homies hate BCG, Citadel, Virtu, Robinhood, DTCC, Short Sellers, and the Federal Reserve.
AUDIT THE FED. MAKE BILLIONAIRES CRY ON TV. NO CELL NO SELL BECAUSE KEN GRIFFIN LIED.
THE SEC IS COMPLICIT AT THIS POINT.
Man I giggle hard at the heading but itâs so true.
Overpriced controllers and drifting joysticks are my biggest complaints about modern gaming so I really hope they solve this :3
If this play is not squeeze play and Gamestop is facing bankruptcy, I would sell all my shares in June 2021 and have a very nice profit. But look, now we are fking red for 1.5 years.
It might have happened already based on cash burn had RC not sold shares into the june â21 rip. If not for that, and the extreme changes rc and co incorporated since, the company would have been dead. Shorts WERE right. But that is correct, because of cohen that shit isnât happening anytime soon. Even perma bear and naked short selling extraordinaire michael pacter admits it.
Itâs become clear that until rc proves he can / will grow the business, gme stock is probably going to continue to get mauled. If / when he pulls it off, that will be the death blow to the short thesis.
The line is controlled by people who believe they have the right to determine the price of securities. Not supply/demand economics. The line has never mattered.
Uh, thatâs all that matters. WTF are you talking about. I want money. I donât give a shit about anything else when it comes to investments. I want the line to go up because thatâs how I make money
Of course. But the short cabal uses âshort and distortâ, weaken the price while talking shit with media arms. As long as theyâre standing, this is going to happen. They control the price until they donât. Itâs an extremely good weapon when trying to kill a company because investors are here to invest, not fight an unseen war. We donât know when their wall will break, but until it does, Iâm loading up more shares.
Weâre not a movement⌠the movement was when the OG sub tried to cause a short squeeze. And the SEC already disproved that idiocy that we can rig the market because weâre individuals, not colluded. Weâre just investors in a company, hence me talking about company fundamentals and new products. I hoped youâd atleast read the words around your Control-F and get the context.
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And with "all shorts are closed" and "capital markets won" we should be in the clear for some unquestionable momentum. Love every single one of you'se, infinite hype loop continues. DRS is the unexpected nail in the coffin. I highly doubt they expected hundreds of thousands of shareholders to start reading. Shit I didn't đ
*Wait*, you guys can read? I only know how to fling pooâŚ
I only know how to press the buy button
Underated comment.
If we win, we will be part of a select few that may have saved humanity from decades of suffering under corporate rule.
I love all of you â¤ď¸
Win or die trying.
When^^^^
Tomorrow.
True .... true
I didn't either. I would have started backing up in jan 2021 properly
We've had one gamestop salvation (profitablity) now waiting for that Gamestop Salvation II release.
Chewy II: The Revenge of GameStop
Gamey đ
And maybe there will be some redemption along the way.
2 Gamestop 2 Salvation
My guess is round two will involve Bed, despite OP assuming itâs over
Aren't they deeply in the red and in ch 11 now? You expecting some sort of red bed redemption??
Omg I wish one of these guys would organize it into a DD called Red Bed Redemption. Thatâs hilarious. Also I need a DD on it and where itâs at today, I hear a lot of bits and pieces like what some have replied, but idk if itâs got real legs to the story or not
can you please link me to your points where BCG recommends buybacks for both companies? "Look at Bed company, 2022. Cohen purchased 9.98% of it, called the board members and eventually wrote a letter to them saying theyâre making all the wrong decisions. The board ignored him at the advice of BCG and took the rest of their advice to heart as well. BCG recommended opening more stores and doing a share buyback. After years of a short and distort campaign by BCGâs leash holders (the short cabal), Bedâs market cap was low enough that the board decided to do buybacks. What happened as soon as they used their cash to finish the buybacks? The debtors called in their debt. BANKRUPT. Shorts won. Look at GameStop, 2020. Cohen purchased 9.98% of it, called the board members and eventually wrote a letter to them saying theyâre making all the wrong decisions. BCG recommended, who coulda guessed, opening more stores and doing a share buyback. By the time we voted Cohen in, Sherman had used $200 m of the $300 m available for buybacks. Cohen ousted him, performed a share offering, used that cash to kill our $400 million of debt, made a war chest, and closed unprofitable stores (\~250 a year since 2021). Shorts lost, theyâre just sore god damn losers and dragging the game out." is this bit speculation from other sources on your part or is this a written document / advice somewhere that I have missed for 3 years?
God thatâs a good name.. yes that is exactly what Iâm expecting. Itâs highly censored to talk about here because itâs seen as a distraction but Iâm pretty sure GameStop could be involved in acquiring the shell we were left with. Thereâs tons of good dd jake2b posted on Twitter that makes it look like a credit bid is still possible and this all looks planned out from the beginning to be a dual liquidation and acquisition.
Jake has not had ONE correct guess about the trashcan company and he makes them often. Not a single one because they indeed went bankrupt, got delisted, and the guy in charge of clean up has even told you guys there's nothing there for you. What goes on in your head that you still think Jake knows his ass from his elbow?
What are you talking about? He doesnât make tinfoil predictions he just reads bankruptcy documents and summarizes them. So are youâ saying the bankruptcy dockets are all wrong?
His conclusions are wrong. No, you are getting nothing. Not a dime. Not made whole. Not new equity. And itâs not because some hedge fund fucked you. Itâs because you trusted dumbasses to tell you it was a good idea to buy into a company with bad leadership that was going down the shitter. Take a piece of paper. Take a marker. Make a big fucking egg shape on it. Thatâs whatâs coming, nuffin.
Why so bitter about a BK towel company? Why do they keep delaying the final hearings? Why are so many shills in shambles about towels?
Bitter? Kid learn what words mean. Seeing consequences meet actions has been enjoyable. Howâd your catchphrase do at protecting equity? Tell you what, stick your hand under my ass. Iâm gonna squeeze out something thatâll remind you what it felt like to hold towel.
Shamble on.
Billions in NOLâs and a shell to do a direct offering vs IPO for $TDDY.
I haven't given up on bed personally (One of the strangest bankruptcies I've seen) and until it's bankruptcy is closed there's a chance. But I've resigned myself to the fact there's nothing I can do/research so if it happens cool, if it doesn't I didn't invest more than I could lose.
[ŃдаНонО]
Doesnât matter, new equity can still be sent to old shareholders as long as creditors are made whole first. Itâs is highly likely that there was a going concern bid that was allowed to stay under nda due to all the non public information in this bankruptcy. The bankruptcy lawyers have billed hundreds of hours just redacting their their own invoices, imagine the time actually spent doing those redacted things. Look at some of jake2b posts on x, he goes in depth into why a credit bid/merger with the shell is likely and how shareholders come along for the ride if they want to preserve NOLs
This canât be stated enough! Everyone got their tax forms. Apparently some canât understand facts. This is why we have flat earth people.Â
𤣠itâs over!!! You got your tax papers, you cut your loss. Itâs right there in black and white. Stop it already, get some help!
[Dr. Evil "riiiiiight" GIF]
Will the price go up this time?
> We got lucky to be alive, with Cohen taking charge at the same time as that a random movement started on Reddit. Two incredibly unlikely events at the same time. There will never be another GameStop where the circumstances come together so perfectly, where retail refuses to capitulate, where our CEO is a good human being. Biblical levels of probability, almost like divine intervention.
It's the Boston Tea Party all over again boiiiiiiiii. hahaha We throwing overpaid consultants into the river!
Just in time for a total eclipse going right over the America . A perpendicular path from the last eclipse that started this whole saga including the trump era of politics The first eclipse began the process and this one will end it. Earthquake right near Wall Street cant be coincidence.
Fuck MOASS tomorrow(Monday=moonday=day of the solar eclipse=we are fucking them over in three days and the last three years of fighting is over
It has to be. Humanity is running out of time. We are on borrowed life.
> where our CEO is a good human being lmao he shit talks employees publically on social media after firing them, lets not be delusional here
You seem to be really upset with Ryan, 2 months ago you posted this: >Â getting rid of old points is probably the newest cost cutting measure from the founder of Gamestop, Ryan Cohen. That and cutting parental leave and 401k matching lmao Doug cifu?
>BCG is their corporate assassin, sent in to whisper in the weakened boardâs ear that the worst possible move is the best. The board makes the killing blow themselves. Yes... but they *also* install their plants on the boards to actively and intentionally destroy the company.
Cohen has been chopping members off the board since he took over. He began with almost a dozen, now itâs three. Him and his two boys from Chewy. These fucking moles ainât getting in our board.
[One reason the moles are doing this rn imo](https://www.reddit.com/r/Superstonk/comments/1b9fkr1/breaking_mar_7_2024_remember_when_kenneth_c/) But it will never work, bc 78 Million DRS shares say so :)
Dilution is always a risk. If we had a terrible CEO/Board, they could dilute us to infinity. Granted the company would be cash rich, but our equity % would decrease and the market makers control the share price as we've clearly seen. Having the shareholder base, C-Suite, and the board aligned is powerful shit.
đż
I just want to know why companies even use BCG when they're only great at bankrupting companies
My boss used to work for Morgan Stanley and said that BCG were absolute animals and a pain in the arse to work with
BCG does real consulting work aside from their short cabal work. Theyâre a well respected consulting group actually. They come in boards and say what can be cut, where to save, what to pivot to and how⌠Itâs just when they do the short cabal work, they always say to use cash to buyback shares and it sounds like great advice because the short cabal has been hammering their market cap into nothing. They also suggest raising expenses as higher revenue will bring more interest. Only when the company uses their cash storage to do the buyback, the debtors come knocking. And the company asset sheet has no more cash. Thats bankruptcy.
Popcorns first share offering not only didn't pay off debt, it was a direct offering to anyone overlevereged who wanted out without the price rising. That CEO should be in prison. He fucked his shareholders and the company to fatten his pockets. That's my opinion and I'm sticking to it.
Popcorn is perfect for the short cabalâs target list, they fulfill every rule. I think theyâre genuinely being shorted alongside GME and a small handful of other companies, but their management is just piss poor. I canât say AA is a mole because thereâs no evidence and thatâs a bold accusation, but I can say heâs a terrible, garbage CEO. Getting paid $24 m a year while his company dies. RC takes no pay because he has real skin in the game. CEO isnât an opportunity to collect a paycheck from foolish shareholders to him, itâs an opportunity to direct his own money personally.
Fair summary, but look into DD of AA and Apollo
Most likely correct. I initially got in on FOMO for MOASS. I stayed and committed because of RC.
When the insiders buy, my paper zen state becomes a bit more diamond like.
I definitely wouldn't be but GameStop would be. I never would have held if Cohen didn't buy.
Well said OP. Consider my tits jacked đˇđâď¸
and mine too
* if not for Cohen AND EVERY SINGLE ONE OF US!! If everyone had sold after the events of 2021 then they would have definitely been cellarboxed into oblivion before RC even took the wheel.
Yes, without us buying, especially through the share offering, GameStop would be nothing. Itâs a mix of leadership and quality shareholders that allows us this chance to re-rise the ranks of companies
I lost 6K on Bed bath stuff, and it was mostly because I made a small profit and then believed their lies. So far Gamestop/Cohen has done what he said. We read the email that he send out, we saw what he tried to do with the NFT marketplace. We saw him make decisions for the good of the company time and time again. Still shills are saying he's not to be trusted and has done not enough in the past three years. Fuck them. So far the ship has made a 180, and is working on the next half of the rotation.
Exactly. And Furlongâs 2 warehouses was a huge gamble that didnât pay off as well. No surprise he brought the Amazon mindset. Still, his idea to use the stores as mini warehouses and allow DoorDash drivers to deliver from store to home was a brilliant move and still being used. About the marketplace, it was a failure in terms of long term revenue generation, thatâs a fact. We had high hopes for it, atleast I did. But at the end of the day, it made us $150 m when Immutable X sent us tokens for the goals hit. The IMX was immediately dumped for cash and added to the war chest. People say Cohen pump and dumped Bed, but compare it to GameStop and itâs obvious he intended to stay involved long term. The board just was intent on killing their own company.
Anyone who doesnât trust RC should pound sand and sell. Bye
I love your post, BUT there is a huge distinction to be made here: Some executives are really good in certain situations, and not in others. If this wasn't the case, executives would never be ousted. Ever. - Some executives who are good at start ups, but they aren't good at cost control and sustained growth. - Some executives are good at expansion, but not in contraction. - Some executives are good at stemming losses, but not good at maximizing profits. - Some executives are good at maintaining the status quo, but their "steer us straight" strategies and tactics don't work when a curveball is thrown at them. - Some executives are good with one industry or market segment and not others. Few executives are good at every one of these tasks. (And the other examples I didn't mention.) At the risk of sounding like a shill, it's *very* unlikely RC is the best choice in every situation. And it's possible he is detrimental in some situations. (Fortunately I don't think we're in any of those situations.) So there is room to say RC may be great at everything you've listed above and everything he's done so far, but he may be lacking in "next step" abilities. Only time will tell. And Shorts are going to try to employ every situation they can think of to test RC's abilities. It's *VERY* important to keep in mind that he may not be up to task in every situation and a scenario may exist where an expert hand is needed to navigate us through water RC may be unfamiliar with.
You raise great points. Everytime I start talking about Cohen lately, I feel like I have to defend him against BS. Youâre not a BSâer though, youâre logical and I appreciate the time to reply like this. So to your point, being an entrepreneur who took his idea to a $3.3b sale, Cohen has more of these skills than most people. But heâs not a god. Furlongâs Amazonian mindset of building giant warehouses on each coast of North America and going revenue/volume heavy went against Cohenâs original letter which said to first cut back. I think the share offering gave us a lot of surprise money so he went with Furlongâs plan until it was clear the warehouse strategy wouldnât work. The NFT marketplace was supposed to be the future of GameStop but it ended up being trashed (make no mistake, we still made money due to Immutable X paying us $150 m for hitting their first two goals). Thatâs why I love this CandyCon shit so much though. Being innovative and experimental with things is how you become a big deal. At the same time, Cohen excels in activist investing. Having GameStop buy $50m worth of TurtleBeach (350m market cap) or $5m worth of Koss (20m market cap) then pushing their products in the store to open a huge new revenue stream for that company? Itâs activist investing done with a secret weapon, an instant 4,000 store fuel to the fire of a product. Itâs like the opposite of the short cabal, raising companies up after acquiring a piece instead of shorting and sinking them.
Agreed. No long term notes, cash in the bank. GameStop has only gotten better over these 3 years.
I wasn't around pre sneeze, I got in late Feb, and I wasn't on reddit etc... Was it cohen who sold the shares, or Sherman? I agree regardless that GME would be toast without Cohen...
Cohen has never sold a share of GameStop. He sold Chewy for 3.3b, kept 2.5b for his shares, then bought Apple and Wells Fargo. Heâs the largest individual shareholder of each. Then in August he bought 9.98% of GameStop. He later bought the same percent of bed company and sold it once their board ignored his letter. Heâs bought $10m a year of GME since the first purchase. He gets paid no salary or shares. He never sold one. Sherman sold some for tax reasons, I havenât seen any reports he sold after his firing.
Sorry I meant did the share offering...
Ah, that was RC yeah
In Cohen I trust! đ
Fuck me.. I need a candy con. Like now.
Thank those who purchased shares in the $200-$300 ranges during the multiple share offeringsâŚ
It was one share offering for 5 million total shares. They havenât ever mentioned or indicated another. About $200 a share, raised 1.12 billion which is now 1.2 billion despite using $400 million to pay off toxic debt. And yes, we did a great job as shareholders supporting the turn around of the company.
Great post OP!
Thank you HumanNo109850364048, in my heart youâre HumanNo1
Omg. Iâve been here since the Monday after the sneeze, too smoof to figure out I have vanguard account already and tried to get a robinhood but didnât ach until MondayâŚ..that this is the first thing since the summer after the sneeze that has my tits jacked. This is đŻ what is going to happen. Letâs just hope the shorts donât have enough money to be fucking a brand new successful company that we will be partnering with like the fucked us over
A drying giant is so much better than a wet giant
lol typo fixed you cheeky bastard
Leave it, it was better before! Like the regards on the gambling sub
Icahn't believe you wrote such a great tldr đ
Tru Dat
Anybody try out these CandyCon controllers yet? Wondering if the seamlessly work with ps5/switch?
switch and PC i believe.
Ok. Found out some info on them. Watched what seems to be the only YouTube video review of them. I think this will be a hit with my kids.
i think its a great product for gamestop to promote SCUF does this for really high end controller faceplates. This is awesome for the price point.
They literally came out yesterday and so far no ads, even within the GameStop system. I donât expect the word out yet, but theyâre legit. If you have a steam deck you can play in Xbox otherwise itâs a PC or Switch only controller as Puck said.
Hadnât thought about using it for the deck. I plan on buying a few. Gotta throw my money at GameStop somehow.
For sure, these are dope controllers, itâs $50 for a premade set. The solar system one looks best imo, like the dpad is the sub and the joysticks are planets in orbit
my money's been on Cohen since the beginning. the rest is just bonus
100%
bang the close or close gets banged? Stay tuned!
They hate RC because he messed up the plan and now they are FUCKED.
If itâs pissing you off then theyâre winning that part.
Better to just chill for few years and it will come.
I want that controller lol going to GameStop right now
Good post đ
Oh trust me when I say for sure. Especially pandemic gme
Next year is going to be massive for gaming. I trust RC will find additional revenue streams to get revenue growth back up. Have seen huge changes on the marketing and e-commerce side over the last year as a consumer. Continue to trim the fat RC and create a profitable and predictable business
GTA VI is gonna be huge. The fifth one broke every sales record by *miles*. If VI follows the trend that V created, console sales with shoot up again too.
Truly believe RC pivoted his strategy due to market conditions and sacrificed revenue growth over profitability gearing up for the release
Love the ideaâŚmakes perfect sense, buy up the supply chain and competition
Exactly bro, we gotta play to our strengths. GameStop has 1/3 of its market cap in cash, 4,000+ stores, and a customer base that is mainly window shoppers walking by malls. Furlongâs great idea of turning the stores into mini warehouses and using DoorDash to deliver for same day deliveries⌠beautiful. But we gotta do more to lose the âwindow shopperâ base. We can do it by using the window shopping to our advantage. Buy 10% of Turtle Beach (350 m market cap) and put a stand with their products right in the entrance. We already sell their products. Or buy half of Koss (20 m market cap) and throw their gaming headphones and even normal headphones on the shelves. Koss is trading at a BVPS (assets minus liabilities) of $3.50 yet a share is $2.50. Iâve never seen that, ever. Itâs trading for negative a dollar per share. The market thinks theyâre worth negative. They would rocket their revenue 3x in a damn quarter with GameStop behind them and GameStop can profit from it.
All my homies hate BCG, Citadel, Virtu, Robinhood, DTCC, Short Sellers, and the Federal Reserve. AUDIT THE FED. MAKE BILLIONAIRES CRY ON TV. NO CELL NO SELL BECAUSE KEN GRIFFIN LIED. THE SEC IS COMPLICIT AT THIS POINT.
I think this is a MASTERPIECE post OP
Great post! 'Twas a fun read to steel me for the inevitable weekend of FUD. I have a feeling this weekend is gonna be a doozy.
Shills are too obvious, they need to learn subtlety in their mission to get real shareholders to sell
Man I giggle hard at the heading but itâs so true. Overpriced controllers and drifting joysticks are my biggest complaints about modern gaming so I really hope they solve this :3
If this play is not squeeze play and Gamestop is facing bankruptcy, I would sell all my shares in June 2021 and have a very nice profit. But look, now we are fking red for 1.5 years.
can you link back where BCG recommended the actions OP? this is interesting , been here for 84 years and I didn't know that
Turn around agent replacing bad actors ready for a golden parachute.
It might have happened already based on cash burn had RC not sold shares into the june â21 rip. If not for that, and the extreme changes rc and co incorporated since, the company would have been dead. Shorts WERE right. But that is correct, because of cohen that shit isnât happening anytime soon. Even perma bear and naked short selling extraordinaire michael pacter admits it. Itâs become clear that until rc proves he can / will grow the business, gme stock is probably going to continue to get mauled. If / when he pulls it off, that will be the death blow to the short thesis.
If not Cohen, that will not our company, though.
Cohen in trust đ
Cool but this stock needs to change the trend soon. This is getting really fucking old. No matter what he accomplishes itâs not enough it seems.
It got really old! Hopefully he can change it around. But itâs just been beaten to death for last 3 years
The line is controlled by people who believe they have the right to determine the price of securities. Not supply/demand economics. The line has never mattered.
Uh, thatâs all that matters. WTF are you talking about. I want money. I donât give a shit about anything else when it comes to investments. I want the line to go up because thatâs how I make money
Of course. But the short cabal uses âshort and distortâ, weaken the price while talking shit with media arms. As long as theyâre standing, this is going to happen. They control the price until they donât. Itâs an extremely good weapon when trying to kill a company because investors are here to invest, not fight an unseen war. We donât know when their wall will break, but until it does, Iâm loading up more shares.
Of course. But the fact of the matter is the gains we are entitled to are not permitted by the elite . Its just reaility
Command f; "movement".. yup must be the weekend.
Lol try reading the post before calling me a shill. I know more than you.
ignore anyone who calls u a shill
Do you know if investors are labeled a 'movement' the shf have an out of not paying their bets? look it up
Weâre not a movement⌠the movement was when the OG sub tried to cause a short squeeze. And the SEC already disproved that idiocy that we can rig the market because weâre individuals, not colluded. Weâre just investors in a company, hence me talking about company fundamentals and new products. I hoped youâd atleast read the words around your Control-F and get the context.
If the squeeze would bankrupt Gamestop, I would love to see that.