I would love to hear any coherent explanation of what tf @ryancohen is doing.
I am literally down to two explanations.
Heās either a hedgie. Or heās setting up for MOASS.
Nothing else makes sense.
Letās raise convertible notes to buy a bunch of $BTC!
Just kidding letās wait as long as possible and then only buy a tiny bit at all time highs.
Okay well, then letās use it to buy a company 84 times the size of ours, thatās also at all time highs! We can exchange our convertible notes now to clean up the balance sheet so we can buy $EBAY!
Well letās not really buy @eBay, but for sure letās dilute our company to the maximum for seemingly no reason at all.
Every one of these things brings extensive short pressure to our beloved stock.
You would have to be so beyond regarded to not know thatās what was going to happen. Yet he still for some reason created dividend warrants, which also bring on their own arbitrage pressure.
You see the problem?
Why would someone who wanted to reward shareholders do all these things that clearly prevented that. Heās surely knew every single thing he was going to do this past year and if you donāt think that, you should stop eating crayons.
Heās a hedgie. Or MOASS is coming.
I do not see an alternative explanation.
Because if itās not MOASS, then he is full regard, or worse, and someone should take the controller out of his hands.
Before YOU take capital from MAJOR hedge funds, you should remember that the people who bought $GME are mostly commoners.
We bought as a protest to the financial powers. We bought because we hoped to change the lives of our families. We bought because the theory made senseā¦
If a company could successfully turn around, after Wall Street attempted to shutter it by way of financial trickery, then the upside would be massive.
How are we here still @larryvc ?
How is the stock at multi year lows, literally today? And youāre posting this trash?
Because you and @ryancohen have toyed with the capital markets. You have used GME as fodder and the holders take another round of abuse.
5 years. Down 50%.
And youāre here posting about opportunistic / portfolio based strategies and how some kid who graduated Stanford is going to navigate that risk?
How about you answer to the shareholders you have strung along for 5 years and have ignored like an elitist?
How about explain why you thought a $35b pay package was okay for a CEO who has never returned an ounce of shareholder value?
Your religious views are nothing but performative, ego driven lies at this point. āWhatever you do unto the least of theeā¦ā Well, you have disregarded us. And your arrogance is on full display.
GME holders are sick of it
MOASS or bust.
Before you take capital from Silicon Valley VCs, understand their underwriting model which is to lose money the vast majority of the time and make it up on the few winners. It works if you have a portfolio but is a different proposition when youāre one of the underlying
Thatās one perspective.
Here I thought the market was reacting to the proposition that heās going to buy a company 8x the size of his own. And diluting his way into doing so.
I had no idea these were forces that were completely unnatural and not controllable by anything in reality.
I had this weird idea that he had had $9b for quite a while now and has proven absolutely nothing to his capability as a capital allocator - in fact the opposite if looking at bitcoin:native, ethereum:0xbbbbca6a901c926f240b89eacb641d8aec7aeafd and $EBAY.
Some people are triggered by facts.
I donāt know why.
If a fact elicits an emotional response, you should audit your feelings.
@ryancohen has been a part of $GME for 5 years.
He gained $68m off of his $BBBY trade where he invested $120m total.
Did you know that he only put up $128m into $GME thus far, total? He almost put up more cash in BBBY derivatives than he has put into GME altogether.
Itās notably the company he has invested the least amount of his own money into.
Now I get it. He has invested a compelling amount of time. But he touts his investment as if heās believing with his wallet.
Heās into BABA, Apple, and Wells Fargo for SIGNIFICANTLY more each.
His investment in GME now is worth $1b+.
He says he hasnāt ātakenā a penny. Notice his language. His returns are significant. While everyone else is holding the bag. Sure, he hasnāt cashed out. But his economic returns equate to almost $200m a year.
I hope you can appreciate the problem. You canāt go on a media tour pretending youāre forking over all your hard earned money into an investment while working for free, while the track record shows that you have gained exceptionally and invested quite little.
And then ask (or agree to) a $35b pay package that will dilute your shareholders by 35%, before you ever return a single penny of return to your holders.
Donāt get triggered by facts because you are mesmerized by him. He has made grave mistakes.
The facts are not great right now. I am with you all in my beliefs that something is behind the curtain (Teddy, GVX, towel stock, SWF roll up, etc). If not, we have been shammed.
Itās shareholder value season @larryvc and @ryancohen
MOASS or bust.
@grok@Chesapeake02@ryancohen Hey, umm @grok you may want to check the record again.
Historical prices already account for the adjusted share price.
Even Grok with the GME misinformation. Smh. š¤¦āāļø
@Chesapeake02@ryancohen Alsoā¦
āAt minimumā
What do you want to credit him as a founder of GME?
You people really are clowns. š¤”
The RC worship and obsession is gross.
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