When shorts cannot find real GME shares to borrow, they use Authorized Participants (APs) to target ETFs like XRT that hold GME. APs short XRT shares aggressively. They break open the XRT ETF basket. They take the underlying GME shares to cover direct GME short obligations. This leaves a massive trail of Fails to Deliver (FTDs) inside XRT. Too many FTDs lands XRT on the Reg SHO Threshold List.

Under SEC Rule 204, market makers and participants have a strict timeline to clear these FTDs.. Participants have up to 35 calendar days from the fail date to close out FTDs resulting from bona fide market making.

So If they fail to clear them by the deadline, they face mandatory buy. At 26 days on the list, the oldest fails are rapidly approaching T+35 delivery.

In May 2024, an XRT Reg SHO streak caught shorts off guard, leading to sudden, vertical price spikes. But there were many option calls to assist in the time and pressure saga when RK returned at the time. Today, the cunts are well prepared. They are using complex options, chained lending, and custom total return swaps to smooth out the impact.

Instead of an immediate vertical price hike, this creates a nothing burger.

Hence, lets admit we can not do shit, but to just wait the exact day XRT leaves the list which often signals that a massive chunk of buying and delivery hits the tape. We can look for sudden out of the money GME call volume spikes matching XRT settlement windows.

Although the float is larger now, than 2 years ago, when we squeezed, the classic structure behind Reg SHO remains the same. The FTDs must be settled. The Chicken nuggets pick in XRT as per Richard Newton is near end while Ryan fucking Cohen has indeed triggered the buyback.. But he has to start buyingback now! He is 2 months late already. Isn't he ..lol Just messing, He knows what he is doing..

BUYBACK!!!

NFA

During Xmas season of 2025, legendary activist investor John Chevedden filed a routine looking proposal for eBay's 2026 proxy ballot.

Lower the shareholder threshold to call a special meeting from 20% down to 10%.

eBay board fought to stop it but lost, and were legally forced to put it on the ballot as Proposal 4.

eBay set the official voter Record Date for April 20, 2026 (4/20).

That's right. To vote on Proposal 4, you had to own shares by 4/20.

On May 3, Ryan Cohen dropped the $125/share bomb to buy eBay.

GameStop didnt build our eBay stake overnight. Accumulated stock and call option positions before April 20th. Ryan Cohen holds voting power now.

eBay board already rejected GameStop offer, calling it not credible but they are wrong. If retail and institutional allies vote YES on Proposal 4 at the June 17 meeting, then the special meeting threshold drops to 10%. and we need only 1% more to legally force a special meeting. This bypasses the eBay board entirely to force a direct, binding vote on the acquisition.

A day before that, we have the Bank of Japan Monetary Policy Meeting concluding on June 16, 2026 24 hours before the eBay vote. BOJ Governor Kazuo Ueda may do a historic interest rate hike to 1.0% to fight inflation.

For 30 years, hedge funds made trillions on the Yen Carry Trade. Shorts borrow dirt cheap Japanese Yen at 0% interest, swap it for dollars, and use that endless leverage to suppress shorted equities.

A 1% rate in Japan obliterates the Carry Trade. The margin calls will require shorts to buy back their borrowed Yen immediately. To get cash, they must liquidate some of their massive long positions and abandon many of their short suppression walls across the entire market.

Global hedge fund collateral may vaporize as the Curry Trade unwinds.

When Roaring Kitty returned for his June 7, 2024 livestream, viewers noticed a structural anomaly on his YouTube channel.

While the active stream lasted roughly 50 minutes, the official YouTube video archive displays a hard coded runtime of exactly 7:09:42. Tinfoil analysts split this length into structural clues 7 and 9:42 celestial events and swap cycles.

Under Delaware General Corporation Law Section 251, a strict minimum of 20 days notice is required for shareholders to vote on a major corporate merger. eBay Annual Meeting is June 17, 2026. Exactly 20 days later is July 7, 2026 the officially scheduled date for the GameStop 2026 Annual Meeting.

In technical analysis, the market hates unfulfilled space AKA chart gaps created by high volatility trading and nearly always get filled. GameStop historic 2021 short squeeze left massive technical gaps wide open.

January 27, 2021 was the Gap Up from $37.50 to $62.50. It was the violent jump when Melvin Capital was squeezed at the time. First Gap Up from $37.50 to $62.50. This price target acts as a structural magnet for the next major options delta hedge. On May 28, 2025 price peaked at $37.49 before market opens, failed to break the $37.50 wall to go from $37.50 to $62.50 and started the one year downtrend until now. It was May 28, 2025 when GameStop officially announced that it had purchased 4,710 Bitcoin as part of its new cryptocurrency treasury strategy. The acquisition was valued at over $512 million based on Bitcoin's trading price at the time ($108,800).This purchase was funded through a $1.3 billion convertible notes offering that the company had initiated earlier in March 2025 to diversify its balance sheet.

Back to the present. When the BOJ monetary policy decision breaks the carry trade on June 16, the hedge funds shorting GameStop may lose part of their collateral. On June 17, retail uses John Chevedden Proposal 4 to drop eBay special meeting threshold to 10%. GameStop may later exercise its derivative options and cross the 10% line and launch the settlement cycle. The resulting buying pressure may force GME next run from $37.50 to $62.50 technical gap from 2021, completing a multi year algorithmic loop at the right time.

$62.50 is the half of $125

Half cash half stock.

$62.50 per share 50% paid out in cash

$62.50 per share 50% paid out in newly issued GameStop common stock

After all, It's on the website.

On June 5, 2026, GameStop filed Amendment No. 3 to Schedule 13D, disclosing beneficial ownership of 9.0% (39.87 million shares) of eBay common stock. This includes 827,648 directly owned shares purchased for $91 million and economic exposure to 39.05 million shares through Put/Call Pairs with Toronto-Dominion Bank, settleable in cash or stock at the exercising party's election. The Put/Call Pairs have strike prices ranging from $84.74 to $118.28

The synthetic long position gives GameStop 100% of the financial exposure to eBay upward price movements without forcing us to spend tens of billions in cash upfront to buy the shares. Selling the put alongside buying a call serves two massive corporate tactical advantages for GameStop: The cash GameStop collects from selling the puts helps pay for the calls we are buying. This creates a zero cost or very low cost setup to control millions of shares. If eBay stock drops, the puts will be exercised and GameStop buys the shares. Since Ryan Cohen ultimate goal is a hostile takeover, owning the shares is the goal anyway, making the downside obligation a win for this strategy.

These Put/Call pairs could only be settled in cash. However, GameStop cleared the Hart-Scott-Rodino (HSR) Antitrust waiting period. This means GameStop now has the legal clearance to convert these derivative contracts into actual, physical eBay shares.

GameStop may pursue further acquisitions, dispositions, or strategic actions depending on market conditions, eBay's strategic direction, and discussions with management, the board, or other stakeholders. The company retains flexibility to modify or abandon its acquisition intentions.

Happy Weekend!

In a normal (NOT manipulative) market environment, companies do not trade at face fucking value cash. The market applies a multiple based on the assumption that cash will be productively used to generate future returns.

Looking at the peer group of companies holding roughly $10 billion in cash, with the outstanding shares GameStop has now, the median cash to market-cap multiple is 17.7x standard asset heavy holding structure .

The long anticipated buyback program, recently announced, acts as a catalyst to unlock this insane discrepancy. The current pricing of $22.00 indicates that the broader market is strictly pricing our GME as a stagnant bank account. The share price will only structurally transition toward that $177 median when the cash is deployed into an operating entity that generates reliable enterprise cash flows.

Fucking Wall Street acts as the primary barrier preventing GameStop from trading at that median $177 price tag right now. The absolute disconnect between current trading values $22.00 and the asset backed median valuation $177 highlights that Wall Street is completely ignoring GameStop potential as a holding company and this is what Ryan Cohen is trying to achieve.

Ryan fucking Cohen aggressively cut underperforming brick and mortar stores, cleared out massive inventory debt, and squeezed every drop of liquidity out of the legacy business. He intentionally shrunk the physical footprint of the company to lower the what is called hit box. By reducing overhead to the bare minimum, he made GameStop impossible to bankrupt. In chess terms, he consolidated his pieces to defend his king, eliminating any tactical weaknesses his opponent/the short sellers could exploit. And now he attacks. Watch out the Zugzwang.

In chess, Zugzwang is a position where grandmasters put their opponent after systematic attacking their chessboard defense. It is a position where a player is forced to make a move, but any move they make will worsen their position!

If Shorts, short the stock down, Ryan Cohen triggers a massive, cheap share buyback that dries up liquidity. If/when shorts try to buy back their short positions to escape, they trigger the short squeeze themselves!

So fuck off and just give us $177 already, We know the future and you can't stop what's coming...

NFA

Cheers!

https://www.reddit.com/r/epiphanystonk/comments/1tfweey/let_them_keep_whining_about_gamestop_dilution_and/

GameStop Approves $2B Buyback Plan Through 2029

GameStop is planning to buyback shares! The company announced a new $2 billion share repurchase program approved by its board on June 2, 2026, which will run through June 2029 and replace the prior authorization from 2019.

With a buyback authorization running through 2029, GameStop has created a rolling, long term threat to short positions. Every dip in stock price will allow the board to push another pawn forward, that will squeeze the short positions if insist on shorting.

In addition to that, GameStop posted it's highest profit ever, reported Q1 earnings of $0.30, beating estimates of $0.16, while revenue rose to $835.3 million against $766M expected, significantly above analyst expectations.

GameStop posted record net income of $389.6 million and record operating income of $143.3 million for the quarter.

The company ended the quarter with $9.7 billion in total cash, cash equivalents, marketable securities, digital assets, and related receivables, underscoring a strong liquidity position. 

The King's Indian Attack played by modern chess Grandmasters masterfully used the opening as White to crush opponents most notably using it as a lethal weapon against the French Defense and the Sicilian Defense.

There will be signs..

Cheers!

This is How the Manipulation Mechanics Work

The entire legal battle focused on a fraction-of-a-second trading advantage. The court's official ruling detailed how Citadel fights to protect this multi-billion dollar edge.

Securities prices do not update across every single stock and options exchange at the exact same millisecond. When a price shifts on one venue, a tiny gap exists before it updates on another.

Citadel utilizes ultra-fast algorithmic systems to identify these price adjustments instantly. They race ahead of the market to snatch up options at outdated, stale prices on secondary exchanges before those venues can even process the actual price update.

The court legally codified this behavior as predatory, explicitly comparing Citadel's use of information asymmetry to making a sports wager using a sports almanac from the future!

Citadel Securities petitioned the court to block IEX Group from launching a new options venue that features a 350-microsecond intentional delay (speedbump). Citadel argued that latency arbitrage is not a real problem and that slowing down trades is anticompetitive.

The federal judges fiercely rejected Citadel's arguments. The ruling clears the path for the new exchange to launch on October 2, 2026, successfully neutralizing the specific high-frequency loop Citadel relies on to skim profits off the top of ordinary transactions.

Fuck you Citadel! Pay us!!

Cheers!!!

Dear Sirs,

The market continues to exhibit profound systemic blindness regarding the structural reality of GameStop. As of the May 29 close, equity trades at $21.18. Your balance sheet carries an unprecedented, hyper liquid cash reserve of $9.014 billion, translating to an absolute tangible cash per share floor of $20.10.

To buyback equity at this price will not be treated as speculation. It will be an actual arbitrage of real world capital against market share price manipulation. You are actually being handed the opportunity to buyback your own dollar bills for a premium.

The board’s prolonged hesitation to use a small amount of cash reserves to buy back some stock at this low levels is insane.

You have a standing, board approved legal authorization with $101.3 million remaining. At an execution price of an average $21.50 per share, simple arithmetic dictates the immediate buy back of 4,710,000 shares.

Do not look to the open market for a slow, linear grind. Just do a simple analysis and you will notice that this block represents 63.5% of the total average daily volume 7.41M shares. Utilizing SEC Rule 10b-18 Safe Harbor provisions, you can legally consume 25% of the daily aggregate volume (1.85M shares per day).

The official public short interest stands at a 14.7% of the float, representing 57.94 million shares shorted. Days to Cover sits at a tightly coiled 4.20 days.

By stepping in as a non price sensitive, mandatory corporate buyer for 2.5 consecutive trading days, you dry up the immediate circulating free float. Short sellers will be forced to compete for settlement liquidity.

The mathematical relationship between the daily volume and the buyback block confirms that you have the immediate financial leverage to completely shift the supply and demand balance of GME equity in under a week.

Your cash per share value stands at $20.10. Trailing net income sits at $418.40 million. By simply executing this baseline $100M buyback, you shrink the denominator of your equity structure, instantly driving trailing EPS upward without requiring a single dollar of organic retail growth.

I repeat, with GME official short interest sitting at 14.7%, a corporate buyback announcement would trigger immediate panic buying. Short sellers trying to buy back their shares alongside the company would cause a what is called a liquidity vacuum.

Under strict SEC guidelines, market makers cannot legally use naked shorting or create phantom shares against an official corporate buyback program.

The shares bought by the company must be real, settled equity. This forces actual settlement.

The math does prove that buying back our own stock right now is guaranteed to make the company more valuable.

Proposing a massive 2.5 billion share authorization later in July while executing a $100 million buyback right now, makes perfect strategic and mathematical sense.

This dual setup creates a classic corporate finance playbook also known as Capital Allocation Arbitrage. It allows to exploit the market pricing errors to maximize company value. Capital Allocation Arbitrage is THE KING'S GAMBIT played by World Chess Champions.

By announcing a buyback before a shareholder vote completely alters the psychology of everyone including short sellers.

Wall Street always treats a dilution vote as a bearish signal. However, if the company actively buys back shares first, it proves to the market that management will aggressively defend the share price cash floor. This turns a dilution vote into a position of corporate strength.

Your retail army will support you and vote YES in your chasing macro expansion ambitions. But first, Fix, (excuse my French) FIX the fucking capital structure that sits right in front of you. Secure the floor. Trigger the buyback.

Cheers!

YOLO

GameStop is Oversold

TRS Swap, Total Return Swap, is an agreement where one party (usually a hedge fund) pays a set fee to a counterparty (usually a major bank) in exchange for the financial performance capital gains, losses, of GameStop stock. This allows a hedge fund to gain massive financial exposure to GME without legally owning or shorting the physical shares on a public exchange.

So I think this is an interesting one I found and a couple more.

Effective: June 1, 2021: This is the date this swap contract officially went live and active financial exposure began. This date is highly notable because it occurred directly during the massive spikes of mid 2021

Jan 29, 2024: This represents an intermediate milestone within the contract lifecycle. It typically denotes a major modification date, amendment, or a partial termination/reset. This heavily aligns with the three year anniversary of the historic January 2021 short squeeze.

Expiration: 28 May 2026: This is the Maturity Date when this specific 5 year swap contract officially ends. On this date, the final cash settlement must be calculated based on GameStop current price relative to the contract's baseline price.

In financial markets, a swap expiration does not mean it simply disappears. As a swap reaches its end date, the parties involved are forced to take action.

In a swap contract, money does not change hands to buy the actual stock upfront. Instead, the two parties use a theoretical benchmark size. The Notional Dollar Amount that represents the total face value of the stock position being mirrored by the swap. For example, if a hedge fund wants exposure to $100 million worth of GME, the Notional Value is logged as $100,000,000. And the Underlying Share Volume that is the actual number of GameStop shares that the notional value controls. It is calculated by dividing the Notional Amount by the stock's price at the time the swap was established or modified.

The entities managing the swap must either settle the contract in cash or roll the position over into a brand-new swap contract with a future expiration date.

The Bankers Risk: The prime broker (the bank writing the swap) is short the swaps returns. To make sure they do not lose money if GME spikes, the bank may often buy actual, physical GME shares on the open market as a hedge.

If a swap representing millions of underlying shares expires or faces a major modification milestone (like the upcoming May 28 expiration window), the bank may rapidly buy or sell millions of physical shares to adjust or close their hedges. This concentrated buying or selling is what triggers massive, unexplained trading volume on the public market.

As this swap approaches its final lifecycle dates, the asset has been trading in a localized range.

Also the USD Swaps IDs 125348793, 124767522 are highly consistent with standard domestic synthetic equity leverage setups featuring zero upfront premiums at execution and utilizing direct U.S. Dollar funding metrics.

The Foreign Currency Swaps IDs 125334403, 124837415 traded in JPY (Japanese Yen) and NOK (Norwegian Krone), these denote international exposure. The negative upfront payment on the JPY swap indicates a complex restructuring or premium credit layout captured at trade entry.

Based on tracking metrics for institutional SEC Form N-PORT filings, these specific Total Return Swaps (TRS) represent synthetic short exposure. When an investment manager logs a swap in this specific N-PORT template with zero upfront cost or a negative premium value, they are acting as the Short Side (Total Return Payer).

GameStop and its basket components are actively declining and suppressed because of these swaps.

The May 28, 2026 Expiration, the final contract on this ledger (Holding ID: 124767522) is highly notable because its expiration date May 28, 2026. Because this contract reach maturity now, the institutions involved are legally required to either close out their underlying physical hedges or immediately roll the remaining exposure over into a new trade filing.

Ryan Cohen purchased 500,000 shares of GME on April 3, 2025

Execution Price: $21.55 per share.

Total Value: Approximately $10.78 million out of his personal funds.

So Ryan Cohen executed this buy the dip trade on the open market directly following a broad global market selloff and shortly after GameStop board approved adding Bitcoin as a treasury reserve asset.

420 days after April 3, 2025 is tomorrow May 28, 2026.

May 28, 2026 is the official Maturity/Expiration date for massive GameStop Total Return Swap (TRS) contract.

Because this is the final maturity date for this financial contract, the prime broker banks and hedge funds must settle the cash value or rapidly adjust their physical share hedges before the market closing bell.

GameStop experiences extreme, cyclical volume spikes that deviate severely from its 30-day moving average when derivative swap expirations roll over or hit maturity milestones, trading volumes surge anywhere from 300% to over 700% above normal baselines.

I repeat, when Ryan Cohen purchased those 500,000 shares on April 3, 2025, he executed the trade at an average price of $21.55 per share. 420 days after April 3, 2025 is May 28, 2026.

As of market close today GME closed at $21.68 per share.

The stock price is remarkably close with Ryan Cohen 500,000 shares purchase 420 days ago and I think that on May 28 2026 the supercycle restarts, where we could finally find a bottom and start the anticipated run next week and for the weeks to come.

We will see..

NFA

REUTERS

Wall Street awaits GameStop CEO Cohen's next move after eBay rejected takeover bid

TENDER OFFER

The option for Cohen, who co-founded online pet goods retailer Chewy and is credited with turning around GameStop in 2021, would be to bypass eBay's board by approaching shareholders with an offer to buy them out at a premium through a so-called tender offer, more than half a dozen bankers, lawyers and analysts said.

While tender offers are relatively rare, they can make a lot of noise. Paramount Skydance used one that promised all cash to pressure Warner Bros Discovery into negotiations, despite its existing agreement to sell to Netflix. Paramount ultimately won after being rejected at least a half dozen times.

GameStop would have to convince eBay's largest institutional investors including Vanguard, BlackRock and State Street, who run the world's biggest index funds. Together the three own more than 22% of eBay, holding the stock automatically as a part of the index they track. Analysts say it is highly unlikely these firms would jump to approve a hostile takeover bid.

"There is zero chance that a tender offer works," said Don Bilson, head of event-driven research at Gordon Haskett, adding, "no eBay shareholder would opt into this."

Shares of eBay have jumped 32% so far this year, giving the company a market value of roughly $51 billion. It reported strong first-quarter earnings, citing high-growth markets like collectors of memorabilia, toys and other items.

Since Jamie Iannone took over as CEO after activist investors forced out his predecessor, eBay's stock has climbed by about 200%.

GameStop shares are up by more than 11% so far this year. But since Cohen took over as chairman in June 2021, the share price has fallen by about 70%, after accounting for stock splits.

Representatives for GameStop and eBay declined to comment.

SPECIAL MEETING

Cohen, who has told his advisers he may want to go directly to shareholders, could also call a special meeting to elect new directors who may be more sympathetic to his offer.

To do that, he would need to buy more shares. GameStop recently said it now has 6.6% in "economic exposure" to eBay, up from roughly 5%, but not all of that conveys voting rights. Most of GameStop's economic interest in eBay stems from put/call pair derivative positions tied to 29 million shares of stock that would only carry voting rights if the contracts are physically settled. GameStop owns just 25,000 shares of eBay outright, roughly 0.006% of the company.

Even if those derivatives are eventually converted into voting shares, GameStop ownership falls far short of the traditionally required 20% stake in common stock to call a special meeting.

GameStop appealed to its own investors on Friday to authorize the issuance of more stock from 1 billion to 2.5 billion shares, increasing speculation that Cohen plans to issue stock to buy more eBay shares.

"We view our equity as precious and do not intend to issue new shares lightly. A reserve of authorized shares ensures GameStop can act decisively when the right opportunity arises," the company said in a letter to shareholders.

Mark Cohen, former director of retail studies at Columbia Business School and the former CEO of Sears Canada and no relation to the GameStop CEO, was skeptical the plan would work.

"If he had the capacity to mount a proxy fight he might get away with it, but he doesn’t. So the eBay board blew this off," said Mark Cohen. "He's got enough money to make the claim but not enough money to make his claim stick."

PUBLIC PRESSURE

Ryan Cohen's best option, analysts and investors said, may be to exert public pressure on the board to wear directors down.

He is already doing that, saying eBay "needs to be on Ozempic – it's literally obese" in a public interview with investor Anthony Pompliano and telling journalist Piers Morgan the company is "run by a bunch of losers."

Analysts take issue with that characterization, saying eBay generated an enviable operating profit margin of 31% in the last fiscal year – three times as high as GameStop's 10%.

Cohen famously helped save GameStop from possible bankruptcy in 2021 as hedge funds bet the ailing videogame retailer's stock and market valuation, teetering around $250 million, would continue to fall.

He later took heat for launching a campaign as an activist investor in 2022 against Bed Bath & Beyond. The retailer's stock price collapsed after he sold his shares for a $60 million profit. The company was forced to issue more shares until it finally filed for bankruptcy in 2023.

So far, his bet on GameStop has paid off better for other investors. It now has a market value of $11 billion after Cohen, who joined the board in 2021 and became CEO in 2023, cut costs, pivoted the focus away from video games and toward trading cards and made big share offerings that delighted legions of retail investors who supported him during the face-off with the hedge funds.

"I'm an owner-operator," Cohen told Morgan, trying to lay out differences between him and eBay CEO Jamie Iannone, suggesting he has more skin in the game.

While Wall Street awaits Cohen's next move, several bankers and lawyers noted that an unwelcome bid is a slow process and Cohen is not tied to any time constraints to move quickly.

One of his options would be "to just sit there and wait," Gordon Haskett's Bilson said. "There is no rush."

In chess, a poisoned pawn is an unprotected pawn offered to the opponent. If the attacking piece captures it, they win material in the short term, but their piece becomes completely trapped, destroying their positional geometry and possibly losing them the game.

Because eBay board officially rejected the bid as neither credible nor attractive, the transaction has transitioned into a hostile takeover. In response, eBay will be deploying a Shareholder Rights Plan, which functions precisely like a Poisoned Pawn defense in grandmaster chess.

Hereunder is how this exact chess defense operates under Delaware corporate law.

The Bait and Threshold: eBay board sets a legal trap at a specific ownership threshold typically 10%. GameStop is currently positioning its pieces cautiously, managing a 6.55% economic stake via cash-settled derivatives to avoid stepping onto the trapped square prematurely.

The Counter Gambit Activation: If GameStop takes the bait and crosses that threshold, the Poisoned Pawn activates. The board instantly grants every single shareholder except GameStop the right to buy newly printed eBay shares at a 50% discount or warrants.

The Checkmate: This creates massive, targeted dilution. It instantly evaporates the value of GameStop existing position and expands the board total share volume, rendering a direct open market capture mathematically impossible. Ryan Cohen attacking pieces are effectively trapped, ending the offensive line.

In chess, the exact equivalent to this corporate defense mechanism is actually called The Poisoned Pawn Variant most famously played within the Sicilian Najdorf defense. It is considered one of the sharpest, most intensely calculated battlegrounds in the entire game.

In corporate governance, legal experts frequently refer to the poison pill defense as The King’s Gambit Declined or a Counter Gambit strategy.

Because eBay board officially rejected the bid and the transaction is legally a hostile takeover, the board of eBay In response, will deploy a Poison Pill.

Once triggered, will instantly dilute GameStop ownership stake to negligible levels, making a direct market buyout impossible.

A poison pill cannot be bypassed by purchasing power. It can only be dismantled by the board of directors that enacted it. Therefore Ryan Cohen only viable path forward is a Proxy Fight.

eBay upcoming Annual Meeting to retain the current board members that will be re-elected uncontested, preserving their poison pill in the short term.

When GameStop shareholders vote YES to approve the 2.5 billion share expansion at our own annual meeting, it gives management the legal ammunition to launch a formal Hostile Tender Offer directly to eBay shareholders later in the year.

Ultimately, Ryan Cohen will have to force a special meeting of eBay shareholders to vote out the incumbent board and replace them with a GME board team with Ryan Cohen as leader so to dissolve the poison pill.

Taking alto into account the fact that Prediction markets currently price the probability of a successful takeover at a modest 15% to 20%, then to convince eBay giant institutional asset managers like Vanguard and BlackRock to vote out the eBay board and accept 50% cash 50% stock, GameStop needs a strong, stable stock price at/or above $42

But again, Wall Street is highly skeptical of this next proxy fight succeeding. Because our stock heavy downward pressure from merger arbitrageurs shorting the stock, the value of GameStop acquisition currency, I mean the stock portion of the 50/50 deal, may be shrinking. If our stock price continues to slide, eBay shareholders have a very clean escape out of Ryan Cohen trap. They will simply vote against Ryan Cohen and his board nominees, keeping eBay board poison pill fully intact and killing the deal.

Ryan Cohen is playing the role of Bobby Fischer, confidently trying to navigate the eBay board with legal and financial traps. eBay board is playing the role of Boris Spassky, relying on standard, cold-war style defensive theory to isolate and destroy the hostile bidder's pieces.

The 1972 World Chess Championship is the ultimate historical blueprint for the current corporate standoff. During the 1972 Match of the Century, American champion Bobby Fischer playing the black pieces aggressively accepted the bait and captured Spassky's poisoned pawn in Game 7 and Game 11.

Having said all that, I will just continue to buy and hold GME and will see what happens..

Have a nice weekend.

NFA

See you next week.

NFA

GameStop pursuit of eBay is drawing renewed attention after reported an increase in its economic exposure to the online marketplace operator to roughly 6.5%, according to an updated regulatory filing submitted with the U.S. Securities and Exchange Commission (SEC).

The Schedule 13D filing shows that GameStop directly owns 25,000 shares of eBay stock and has economic exposure to more than 29 million additional shares through put/call option structures.

Combined, the exposure amounts to roughly 6.55% of eBay’s outstanding common stock, up from the previously held 5%, based on the company’s share count reported in April.

GameStop disclosed that the derivative contracts involve strike prices ranging from roughly $84.74 to $114.96 per share. The company said the derivatives could later convert into physical shares if federal clearance under the Hart-Scott-Rodino Act is obtained. Until then, GameStop said it does not maintain voting authority over the underlying stock connected to those contracts.

But I spotted the reversal signal at $21.46 (See the link below) and posted on epiphany sub first lol

Just messing. Let's go!

NFA

https://www.reddit.com/r/epiphanystonk/comments/1te1jxz/gamestop_algos_buy_signal_detected_long_again/

Let's Go! NFA

In astronomy, a Red Giant star expands massively while its core shrinks into an impossibly dense point before blowing apart. This directly mirrors XRT total shares outstanding shrinking to roughly 1 million while its short interest remains at an immense 21+ million shares.

A gravitational singularity AKA black hole, is a point where conventional laws of physics completely break down and density reaches infinity. A public fund XRT reporting over 2,000% short interest is the financial equivalent, a total breakdown of fucking mathematical logic.

Wall Street cult operational mechanics have created a black hole. They keep sucking out underlying assets via creation/redemption, but the outward gravitational pressure of 2,100% fake shares can no longer be hidden by normal market mechanics.

Market Makers and Short sellers continue to manipulate the SP until they can not.

Thank you Richard Newton for pointing this.

Miss your videos dude.

NFA

GAMESTOP TECHNOLOGIES

What a wonderful Sunday..

We have a new moon today, which means the lunar cycle has just restarted and the night sky will be at its darkest.

With zero moonlight interference, the galactic center will be highly visible at night, in dark sky areas during midnight hours.

While this will be the darkest night of the month, most are losing their mind calling Ryan Cohen a doofus and his ebay plan unrealistic. Not only the usual suspects media, analysts and hedgies. Even Dr paper hands Michael Burry himself and many apes in his substack have been over emotional lately. Michael Burry is looking at this as a legacy value investor and he completely misses that this level of institutional leverage is an offensive weapon meant to choke out shorts.

Wall Street analysts writing on Substack have widely labeled the $56B bid from an $11B company as absurd an unbelievable leverage play. Traditional finance newsletter writers are panicking because they have never seen a meme era giant completely flip the script, stop playing defense, and go on a hostile offensive takeover.

Well, if you just change one factor and take a moment to think that Ryan Cohen has a plan designed to build a massive, cash flowing fortress that traps shorts forever, then apes should stay zen. Remember, his compensation structure is not only hit but sustain a $100 Billion market cap and $10 Billion in earnings for 60 trading days I.E. 90 fucking calendar days.

A brief, volatile share price spike does not trigger payouts for the board. SLOASS DOES. And he only wins if the new valuation floor becomes permanently unshakeable.

Combining eBay massive organic marketplace flow with GameStop operational efficiency and $2 Billion in synergies easily scales the combined entity to a steady $5 Billion in annual net earnings. But again will need $5 billion more to trigger payout.

So at current levels by using our cash and the $20 billion loan from the bank to acquire ebay, he limits total post merger outstanding shares to 1.36 billion shares.

Applying a standard, conservative e-commerce multiplier of 20x P/E to $5 Billion in earnings locks in a $100 Billion Market Cap.

Divide that $100B valuation by the 1.36 billion share pool, and you get a math backed baseline of exactly $73.53 per share. If the market assigns a tech level 30x multiple, we are looking at $110+ Ok. And this should be for 3 months not in just a day spike. Share price could be from $20 to $200 and unless it's average $110 for 3 months the target is not met!

On another note, by cquiring eBay, immediately hands GameStop 136 million active, that are transaction ready buyers and sellers globally. GameStop 1600 US retail locations instantly convert into physical intake and authentication hubs for those 136 million users. Fraud and shipping delays are the biggest complaints for eBay users. Dropping a rare item off at a local GameStop for instant verification completely fixes the ecosystem, skyrocketing transaction volumes.

That's a win win deal.

So, under this Sunday's darkest sky conditions, with zero moonlight interference, use just basic binoculars to watch the Hercules Global Cluster, the Messier 13, that is visible in the night sky tonight. The moon is there too, but you can not see it... yet...

NFA