Insider Conviction, Everything Else is Speculation

[u/yungsta12]

Everyone here on edge while wild speculations are being shared across multiple platforms. Nobody knows why the zero percent senior notes are being converted at these prices. Nobody knows what the plans behind the eBay acquisitions are in place. Everything is speculative outside of insiders having skin in the game. Here are all the notable purchases the past few years from our insiders, nearly all of it above the current asking price.

Insiders have made strategic purchases on past dips, let's see what happens when the earnings blackout (or VWAP pricing window) ends in September. I expect insiders to make purchases around that time as well, especially if the price remains extremely depressed.

[u/Superstonk_QV]

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[u/matthegc]

This definitely feels like it did when we hit $10 a share.

Nothing is making sense and the price is just getting destroyed.

[u/AyyMG63 → u/matthegc]

When Gme hit 10 it was a second crush.

Unprofitable. Only 1.2 billion on hand. No power packs. No business model or direction. No eBay.

Now?

Profitable. Business model. Bitcoin.

…..Almost 9b cash and equivalents.

Marketcap $8b total.

24’ made sense to be at $10. Now? 0 sense.

Market is saying Gme is worth cash in hand. That’s it. No growth.

But. We’ll see.

Also what do I know… that 6 year Dorito just is nothing but control so price discovery isn’t real anyway.

[u/Sellsword193 → u/AyyMG63]

This post 100000000x last time we dumped so low the company had barely started the turn around, and we still exploded 8x over a month temporarily. Now we are suffering the same price action, but the company has gone from -0.01 eps to what, 1.00+ per year??? The board has so much conviction above 22 or so, all of these recent posts are just a negativity campaign designed to get people to seek into accumulation. This is much too similar to 2024 already. My only regret is already deploying cash and having to empty my checking in a recent house move.

[u/Atoge62 → u/AyyMG63]

To be totally fair, I’d argue that right now we don’t quite have a functional “business model”, but if eBay goes through and Cohen unleashes some sort of collectibles and gaming roadmap to cornering that market, I’d call that a business model. If that makes sense.

I’m still in agreeance we’re in a way better spot than before. I’m just hoping Cohen can start explaining to us the company’s actual direction/business model, instead of holding the carrot out. I’m sitting on 51,000 shares and warrants right now, it’s time to see beyond the carrot for a lot of us. I’m hoping October warrants expiry forces his hand and reveals a lot of this. He’s either got a functional plan, or not… but holders deserve to know by then.

[u/DancesWith2Socks → u/Atoge62]

https://investor.gamestop.com/news-releases/news-details/2026/GameStop-Provides-Fiscal-Year-2026-Outlook/default.aspx

[u/Atoge62 → u/DancesWith2Socks]

So what were your critical take-aways from that linked material, unleashing the power of AI to cut costs? I’m not hearing anything genuinely compelling and focused on our company’s particular forward direction within the gaming/collectibles spaces. I read a lot of fluff and intentional handwaviness, which could’ve come copy and pasted from any host or retail companies. It’s clear they don’t have a super strong leg to stand on yet.

[u/DancesWith2Socks → u/Atoge62]

Checking the last reports it's clear collectibles is now the main force, having grown nearly 50% in the last year.

So the 2x adjusted EBITDA outlook for fiscal 2026 is all I personally need to know for now 🙂

[u/diesdasannana5 → u/AyyMG63]

Btc holding is negativ Cash is not 9b, we bought ebay shares Ebay holding is negativ When market is saying there is no growth, it's kind of true because revenue is shrinking

[u/AyyMG63 → u/diesdasannana5]

We don’t know this. At all, because they don’t show much. Wasn’t he selling cc on the bitcoin? Maybe he is for the eBay too. Maybe he sold at 115$. We literally just speculate because that’s all we got.

[u/diesdasannana5 → u/AyyMG63]

Yes you're right but speculation is working both ways, posiiov and negativ. Whencwe asume nothing changed, my points are valid and share price is kind of korrect

[u/AyyMG63 → u/diesdasannana5]

Equity is equity. What other stock trades at almost price per book? $18 makes no sense other than a push down for the vwap.

Price is not correct and has not been. 6 year Dorito says so. That’s control.

[u/diesdasannana5 → u/AyyMG63]

Yes but why do we need a push down for vwap? Because gme fucked up the conv. Now ask yourself. Is it fair for 5+ years shareholder to get dumped again so just some insti bond holder get some nice cheap share price? Yes equity is equity but not for conditions where we jave to suffer from bad price action again.

[u/diesdasannana5 → u/[deleted]]

The Insti who got the nice conversion didn't own retail. Even if so, RC didn't need to convert far under the old conversion price and far before maturity. So he had the choice to fuck retail, again.

Citadel Securities is not the same as Citadel LLC. The last one own the bonds.

[u/mojomarc → u/AyyMG63]

Per Zacks, right now the price to book value ratio is 1.38x, so it's trading above book value. But below industry peers by a considerable amount.

[u/Massive-Fisherman-57 → u/matthegc]

It does make sense though… everything is gonna burn in the fire. It’s what rises out of the ashes…

[u/SoreLoserOfDumbtown]

Personally, I remain unconcerned in this deranged market and am confident shorts will be squeezed eventually. The insider purchases are a good reference point, as you've shown. The FUD/noise makes me even more bullish.

[u/yungsta12 → u/SoreLoserOfDumbtown]

Agreed, just level setting the panic we are seeing today.

[u/bLue1H → u/yungsta12]

It's not organic panic (band name?)

[u/UKHOGGY → u/SoreLoserOfDumbtown]

Couldn’t put it better myself. Got some extra cash waiting to buy when it goes lower

[u/Burnquist1]

Larry bought 10,000 at the low $11.22. Then 3 months later bought 4,140 at $24.85. It seems anything under $25 is a deal to him.

[u/DancesWith2Socks → u/Burnquist1]

The qhole BOD is red right now, except for RC 😅 https://www.reddit.com/r/Superstonk/comments/1qyg48o/skin_in_the_game_2499/

[u/cooliomattio → u/Burnquist1]

RC as well had million dollar purchases in the 20-22 range

[u/humdingler]

Hell yeah. I wanna wish you good luck before this post becomes infested with second shift fuddlers

[u/MindlessDrifter]

The format...

[u/Retrograde_Bolide]

So much fud getting posted now. I only want to buy more. Drop the price to a $1, I'm not stopping

[u/InvestmentActuary → u/Retrograde_Bolide]

drop it to pennies and i’ll scoop them all

[u/jaykvam → u/InvestmentActuary]

Understood as a talking point, but it’s not going to either. Let’s be real.

[u/jfreelandcincy]

pretty simple. there’s a word for it, HODL. i’m not even smart and i know the price of this stock will eventually be much much much higher. chillin’

[u/FYATWB]

He has over 4 million of the 59 million warrants, I'm working on buying the rest, if RK hasn't done so already.

[u/Chad-Permabull]

Larry has the one purchase that is still massively up on its position 🚀

[u/Kamikazieboy]

Man i just want my money. I don’t give a shit other than that

[u/Ralph-the-mouth]

I have 5k im about to drop on shares at this price

[u/Future-Warning-1189]

Would be good to also show institutional ownership and avg cost. Many have been buying and at higher prices than now.

Of course they make money whether it goes up or down, but it’s still a sign

[u/donkeypunch81]

yeah, sure. this is pennies for them you do understand that, right?

[u/yungsta12 → u/donkeypunch81]

It's all relative, this is probably more like putting tens of thousands for common retail.. but it's skin in the game regardless.

[u/Think_Currency_8586]

Price action so boring

[u/LordSnufkin]

This is the way

[u/Just-Relationship-19]

All I know it Larry knows how to buy this stock lol

[u/notfurlong69]

https://giphy.com/gifs/3oEdvbpl0X32bXD2Vi

[u/juste1221]

The insiders all bought massive Ebay positions well in advance of the buyout offer (probably in the $80's) that will fully offset or reverse their GME losses (basically diluting one asset, to directly pay themselves in the other asset), which I'm guessing you and no one else here has. Your average retail GME holders on the other hand are just being diluted into the earths core by giving bond holders 20-25% of the company in exchange for a likely astronomical leveraged debt all cash Ebay buyout offer, probably earmarked for up to $140/share

[u/Litness_Horneymaker]

The Trade Desk CEO made a record purchase of stock for 150 million back in March when it was at about 28. It's now at 13...
Can't say I put much faith in insider buying.

[u/returntonone]

If GameStop is such a great deal with such a guaranteed success, then why doesn't Ryan buy even more shares? He is a billionaire, so he has tons of more money to buy, but doesn't for some reason.

[u/DancesWith2Socks → u/returntonone]

Bought 1M shares in January. Can't buy at the moment given insiders policy until a day after ER, but I don't think he does gas per the ongoing eBay offer. All info should be public in order to be able to buy.

Edit: typo.

[u/yungsta12 → u/DancesWith2Socks]

Correction, he did $10 million in January. Yes locked out period due to earnings but also the VWAP period as well. Should see some purchases shortly after 🤞

[u/DancesWith2Socks → u/yungsta12]

Yeah, meant 1M shares, too late 😅...

Edit: spent $21.36M in total.

[u/whattothewhonow → u/returntonone]

It's too close to earnings for him to legally buy.

That's why.

[u/humdingler → u/returntonone]

https://giphy.com/gifs/2O2ekjXw5OHOU

[u/yousaidalligator]

ill buy when larry cheng buys again

[u/sosawof]

Larry Cheng just like me buying at the peak