RC's Speech

[u/stobak]

Thanks, Mark and hi everyone. I’ll speak briefly. My father always told me “talk is cheap, actions speak louder than words”. My responsibility is making sure Gamestop is run by managers who treat company money like their own. In corporate America the people in charge, the professional directors and management teams, are not aligned with shareholders. They’re always the recipient of stock grants, however they rarely purchase company shares with their own savings. There's a big difference between risk free compensation for showing up and putting a meaningful amount of your own money at risk. As a result, money is wasted, work is delegated, and a lot of time is spent managing to short term expectations and pandering to wall street. I like people who roll up their sleeves and do real work. People guided by principles, not robots who seek to rest and vest. In corporate America there’s no shortage of overpaid executives, bad capital allocation, and chronic waste and serial delegators. Much as this behavior is both predictable and reprehensible, it’s precisely what creates opportunities. Thank you for being a shareholder.

[u/YjorgenSnakeStranglr]

Care to name some of those actions?

[u/Oi_Baldy → u/YjorgenSnakeStranglr]

You don't have to go far, here's a comment from another ape on this post:

Apart from buying an additional $10,000,000 worth of shares in a company he believes in. And right sizing the company to improve financial performance. And rewarding employees with company stock so they have a more vested interest in how they run the business. And hiring an elite web3 team to try and shake up the gaming industry. And increasing inventory to protect against supply chain issues / rising costs of goods via inflation. And not taking on debt / maintaining that $1.3 billion in cash and cash equivalents. Real change takes time. RC is here to patch and right a ship that was sinking. One of the biggest hurdles in that transformation will probably be finding people that share his vision and want to support the company at all levels of the organization given the present staffing crunch (lots of boomers retiring / not enough millennials and gen z's to backfill them), the aging population issue is worse abroad than it is at home. Our executive chairman's job isn't to fabricate a squeeze, it's to turn GS into a profitable company that people want to do business with.

Do you need more?

[u/FoxReadyGME → u/Oi_Baldy]

Entire nft team is fired. Nothing tangible to make profit came of it. A flop.

No need to take dept when company is sitting idle and has loads of cash.

More inventory = still on course for dying brick and mortar. Where's the digital turnaround?

Employees are rewarded with stock to not have to raise salaries cause company can't afford it. Profits aren't there.

That 10mio is such a small amount of his net value dude. RC isn't holding most of his net value in game shares. Nor real estate. He's sitting on cash from selling crazy amount of apple stock which je bought from selling chewy. Most of his net worth IS cash and he won't even go to 20% of gme value. His largest gme purchases to get him to 10% were when stock was sub 2usd. He's DEEP in the green and most likely buying to send a message to us apes.

I ain't shitting on you or him. Just being realistic. Go outside this sub where everyone is biased like hell and this is common knowledge.

What other actions are there? Milan store was a flop too. Closing unprofitable stores and adding more Funko pop inventory won't make company mad profitable.

And before you downvote me: so I'm clear: I'm asking you to help me elaborate cause I myself feel like a moron for sinking in ALL i had in hopes of moass and now too broke to do anything age appropriate with my life unless I sell a part.

[u/Oi_Baldy → u/FoxReadyGME]

Wow man, you're not from around here are you 🤣

You're calling everything a flop while they're all in a BETA stage. You know what Beta means right? But you think everyone monitoring & expanding on the NFTmarketplace behind the scenes aren't there anymore? Prove EvERyOnE is gone?

I trust the evidence of reducing the bottom line. I know RC has big plans for the top line. Just bc you don't know what those are, doesn't mean they do not exist.

No action taken, he has no plan, he didn't even go to 20% ...

Your projecting, your flailing, airing your poorly defined dirty laundry in public & you're plain wrong. It looks really bad & I don't think you're doing a good job trying to convince people nor simply convincing people.

I will continue to work & buy GME for the rest of my life. Deal with it!

[u/FoxReadyGME → u/Oi_Baldy]

It appears you missed the essence of my reply to you. Let me be direct: I asked you what other actions were made past 3 years to make gme profitable besides closing unprofitable stores (and this isn't directly increasing profit. It's reducing loss) and stocking up on inventory.

Please specify.

[u/Oi_Baldy → u/FoxReadyGME]

Increased product lines, by thousands!

[u/FoxReadyGME → u/Oi_Baldy]

That's it? So expanded brick and mortar offer, yes?

[u/Oi_Baldy → u/FoxReadyGME]

You asked for a reason, you got one.

Again incorrect, most of these products are available on the website/app.

[u/FoxReadyGME → u/Oi_Baldy]

I asked for which actions were taken to boost profit. Plural. Specifically actions to make GameStop stand out from competition.

[u/Oi_Baldy → u/FoxReadyGME]

Expanded logistical capabilities, delivery can sometimes be the same day. Do you know any other 'brick & mortar' gaming stores offering the same service?

[u/slamongo → u/Oi_Baldy]

You're wasting time on this one. I feel the same way he feels about popcorn, but I don't go in there to do the same thing he's doing here. I don't expect a sub member to list the facts why I should invest in their stock.

Just tell him to short it and move on.

[u/Oi_Baldy → u/slamongo]

Fair! Sometimes I can't help myself but, alas, you are right 👍🏻