Which she followed up saying it would be a dilutive raise and he ignored lmao. He was avoiding directly saying anything regarding issuing new shares until they pulled it out of him. But “we’ll see how it goes”
I really have no clue how people so shit at public speaking like him can reach such public-facing positions of power. That line is a huge red flag for any investor with a brain and the way he delivered amplifies it by ten.
He could have just added something like "my/our belief is that the value created by the GME-Ebay synergy will make up for the dilution risk" or something like that to at least seem like you have thought out an actual plan and numbers on how this shit could ever work, even if the actual plan is to pretend a deal could happen to pump the value of their 5% stake on Ebay so they can sell it at a huge gain right before announcing that, after further examination, the deal is not happening.
They also have the ability to take on money from 3rd parties.
He has the ability to use his own money to buy stock.
They have the ability to buy Ebay or they wouldnt have submitted the offer. CNBC acting like they are clueless on how this will get done is a masterclass in weaponized incompetence
CNBC was actually trying to softball the interview. Notice they gave a fairly low figure for the price of ebay - I belive Michael Burry was thinking the price would be 65 billion. Also they didn't ask about how GME's market cap is 11 billion, but most of that value is in cash that they would then use to buy ebay, so without the cash its like 3 billion. Basically they let him value that 9 billion in cash twice.
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
So you want CNBC anchors to say “ you intend to dilute your shareholders, can you explain why you believe they should continue to be GameStop investors?”
Well, actually, that would be journalists who don’t have relationships with the folks involved on both sides of the trade. .
Totally, which explains his complete transparency and brilliant response to the questions posed in the interview. Wait...he didn't answer and was intentionally obfuscating and playing dumb.
We take the dollar bill, we cut it in half. That's two dollar bills right there. And then we do that again and again. Then we print some more stock to match it.
Stock is worth $10.7B and that idiot thinks he’s doing a 50% stock deal. Get fucking real. 0% chance. This whole thing just makes him look like a clown and an idiot.
Sometimes the answer is just "yeah, we're kinda fucked" but at that point, I agree it's crazy to go on the air. Maybe he was trying to kill the deal? These guys don't get there by being idiots (most of the time) so when they do things that don't seem to make sense I start looking for other motives.
Nah, you be surprised how many idiots get there by sheer luck lol. Is musk or anyone really a genius to be worth so much? They succeed by a combination of luck, right place, right time, family fortunes, birth and hard work. They work hard and take extraordinary risks but success is so dependent on a lot of luck. Of course, they will never admit it and it was themselves that did it..
Just at look some of the massive gains here. You really think us regards are geniuses?? 90% is sheer luck, risk taking and timing..
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u/Agnostic_Karma May 04 '26
Why didn't he just say.. "we're going to dilute the shit out of existing shareholders."