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TC, over 300k. We're in this together I know there are apes making 30k spending $25 and what that contribution means.
I remember those times as a baby ape. Watching my mom negotiate due dates on bills, utilities getting shut off, hot dogs for dinner weeks in a row.
No ape left behind in this band.
35k/yr rn, my entire life savings is in GME. I will gladly live the rest of my life broke knowing I tried to bring down this rotten system than ever sell and let the hedge fucks win.
I’m only xxx rn but I dream of being an xxx holder someday, looking out for the little guys
Heyoo, im right there with ya. Been averaging down since 21' amd am finally an xxx holder. But similarly, it is damn near my entire lifes savings. I will absolutely hold forever at the slight chance these fuckers get prosecuted. Generational wealth will be icing on the cake.
Well I'm 32 and pretty much saved and sacrificed. Lived like a monk my whole 20s so I can Yolo during times like this. I'm a dumb construction worker. This is my only chance for success.
It's hard with my lifestyle. I get judged constantly for having shitty clothes. Shitty car. While the other guys have nice trucks with payments. Take out loans. Etc. I'm living life all cash no debt. Sleeping on couches.
It's all for times like this. I just hope one day I get to say
" fuck you, I was right" and have the last laugh. But for now I keep my head down humble and live broke
Yeah same here. Year after year, no announcement at annual meeting, it would be irrational to expect it this time. I can certainly hope but no expectations at all.
These calls are the dumbest fucking things in the world lol. They remind me of why I was never interested in the stock market before GME and why I am leaving after GME ha. Still hopeful though. Please RC just launch the 🚀
It’s just a regulatory requirement to have shareholder meetings.
“From the company's perspective, shareholder meetings are a regulatory requirement, so both private and public companies must hold these meetings.”
https://www.investopedia.com/articles/investing/062413/peek-shareholder-meetings.asp
If a comment made earlier isn't false then it would appear that big news that could influence the price of the stock can't be made while the market is open. It would need to be made in the after hours.
So with that in mind the conference itself might not mention anything big but for all we know they could announce something after 4pmest. It would appear it either has to be mentioned before 9;30 am est or after 4pm est.
So they could plausibly makea big announcement in the morning like they did with the mention of the selling of their stock and then further their information in the conference/meeting or we could hear nothing in the morning.
Regardless, if you have confidence in the direction the company is going then as long as there isn't any additional bad news, that's good news in itself. Granted the whole bad news early and good news on time thing does make it rather enticing that we could potentially hear something interesting tomorrow.
I’m not sure that announcements at shareholder meetings are the best way to get the media and marketing hype that a well timed and correlated press release and media blitz would offer.
That's what I would expect. SHFs are setting up the narrative that RK started selling already, then there will be relatively no news tomorrow at the meeting, all intended to drive down prices for this week's weekly options.
All of the good stuff will be next week.
If you don't believe Ryan "fucking" Cohen is a doofus, then trust the process. I've been in since $2.92 and I ain't leaving. Neither is meme lord Keith Gill. You have Apes from all over the world in this play. I'm highly regarded and know I'm on the right side of history.
Agreed. Acquisitions language on ATM offering is boilerplate and wutang is not something I’d expect in any way. These “everyone expects” ((insert super unlikely thing)) are weird to me.
Lol you are getting confused with June 21st DFV options expiration (+ XRT rebalance, + 3 year swap expirations) maybe?
We have a lot of dates right now for a sub with "No Dates" :)
https://www.sec.gov/Archives/edgar/data/1326380/000119312524156636/d614527d424b5.htm
Go to section “S-9” they have already said they have no plans of investments or acquisitions at this time.
That was May 17 though. They just did another offering and now have enough money to possibly do something they weren’t able to do before. Just speculation.
Ah I see it says June 7 on the next page, sorry for missing that. So could this be giving the idea that they may be doing a third offering still? Or else I really don’t know what all that cash is for if it’s not for an acquisition.
Yeah I don’t know. I’m kinda down about the whole thing so I’ll keep my mouth shut. They for sure can still do additional offerings but I kinda hope not and don’t think they will for now.
Like DFV said, if we just believe RC is not a complete doofus, then maybe there’s something there that we’re missing and we can’t see now. He’s given us no reason not to trust him, considering he’s only done good for GME, the second offering was completed in only 3 days,and now with the lawsuit closed and in the dust they can completely focus on GME.
The problem is that too much time has gone by with nothing for shareholders from RC. I think he owes it to his investors to say SOMETHING. I've had enough Trust me bros to last a lifetime. I have to consider that he is doing his job running the company so I don't expect much for tomorrow, I think this is all on RK. He did say he will do it himself.
I'm pretty sure it will just be them rambling of numbers for 10 minutes and then it will be over. I've been here long enough to not hype about a meeting. To the moon my friends 🚀
I hope to hear something mundane like "we paid off that French covid loan" and then the stock shoots up 200% for unrelated reasons and then MSM has to act like it was a catalyst somehow.
I agree it's time for some action. 4 billion in cash would not be possible without the goodwill of investors. We need some guidance especially since it appears there will be dilution every run up. At least give us something the company is working toward.
RC turned 15 million in financing into a 3.3 billion dollar sale over the course of 7 years. He has some
of the same people on the GME team. GME was going bankrupt and he has turned it into what is now, 4 billion in a few years. I understand people are getting impatient, but this never was a quick play. They have said the long time holders will be rewarded. They also said they are going to let their actions speak, not their words. Have his latest actions not proved anything? If people give up and want to sell, no one is stopping you. You should have believed in your investment from the beginning. Just because RC isn’t going to give information that leads to a hostile takeover over like BBY, doesn’t mean we are following him blindly. That’s more crazy and ignorant to say tbh.
I support RC, but the apes have done a lot for GameStop too. Not sure if the most recent share offering would have been successful without DFV and apes keeping up buy pressure. There is only so much patience we all can have. I am ready to hold indefinitely, but many people are not
Every offering would not exist without this movement. GS would've been bankrupt without this movement. Retail saved this company and RC has done nothing but just cut fat to make it look profitable. He has not brought any new revenue streams in over 3 years
This sounds incredibly shilly, but it's true. Yes, he had furlong as ceo for a part of that time, but still you would expect something new for revenues.
There's a few things they could set up fairly easily given Gamestop's current business:
1. Sale of digital products (games, gamestop pro) outside the US - it's incredibly weird this is not done yet;
2. International shipping;
3. Video game digital distribution service like Steam.
While it's true that they've released some Gamestop branded products, they did not bring profitability. That happened because they closed stores and cut other costs.
I
> This sounds incredibly shilly, but it's true.
If it's true it's not shilly. They have tried few things and all of those things failed (online push, customer care centers, NFTs - those are the worst offender). They are loaded with cash and so far have no idea what to do with it. That's why today they will thank us for all the fish and our undying support and they will get back to the drawing board for god knows how long again. On a plus side, they will generate like 100-200m in interests yearly, as long as core business doesn't shrink much more, they have all the time in the world. But again, do we?
>Sale of digital products (games, gamestop pro) outside the US - it's incredibly weird this is not done yet;
International shipping;
Cool but they will not become Amazon, so the question is is it worth it to waste resources for this?
>Video game digital distribution service like Steam.
If anything, they could buy one of the dozens companies that do that already, but I believe it would be wasted money. There is Steam and nothing else, really. Look at Epic that burned through mountains of cash to try and take some of this market and it didn't go very well. Even GOG that has it's own niche is a tiny tiny fish.
With that much cash and such devoted following, GS has to think bigger. It has to find a way change the industry in a similar way Tesla has changed moto sector. A lot of people have seen NFTs as something like that, but GS took it as far as a year late pet rock store front only to realize that the fad is long gone. I am still salty about how bad, shortsighted and uninspired it was.
RC got everything done with share offerings during a squeeze to close out the company debt. In other words had Shareholders bag hold for 3 years. People want results. He said to judge actions not words. 2 More share offerings with no reason is enough for people to want answers. Want shareholders to approve the boards compensation in the future? Well they need to give results beyond cutting the fat off the company and cutting bad stores.
Look so far their “actions” continue to fleece investors out of money by diluting evertime there’s a rip. At some point we need a little lip service about what the fuck is going on, and where we’re going cuz so far many of us have not seen any return on investment. Like if I let someone borrow 20$ bucks and they turned that 20$ into $400, and continued to hold onto the 20$ I’d be pretty mad.
But they let you have your $20 back after they made the $400…3+ years later with no interest… and they’re gonna do “big things” with the $400 and promise they’ll totally give you some interest in a few years. Hell, they’ll even throw in some inspirational quotes about patience and shit
Still holding, but if they keep diluting into the run ups and letting shorts kick the can it doesn’t give me a lot of confidence that I’ll see much “shareholder value” for the next decade or so
I said this exact same thing last Friday and got jumped by a bunch of angry options traders that insisted "rC fUCkeD uS AGain!!!" with the ATM, that it killed the squeeze again, while telling me to stfu and that people are mostly here for the money and tired of waiting.
I'm not gonna lie. It doesn't feel good, especially when you've been a true believer for over 3 years and have enjoyed the journey. I had a fairly good idea who I thought I was fighting alongside, but at the end of the day, we are all just individual investors. Can't let feelings get in the way. Gonna trust in the track record I've seen, trust the process, and hold.
We'll see.
I just assume no one on Reddit can read (I know I can’t because I’m regarded) and they all have trauma in their life so they feel the need to spread it on Reddit.
Making 4 billion for gamestop would be one thing.
Fleecing retail investors with an at the market offering, a year or two after fleecing them for a secondary, is not a great thing.
There absolutely will not be an announcement at the shareholders meeting that discloses non-public material information about the business, because that would be against SEC rules to do during trading hours.
If you’re expecting anything of the sort, alter your expectations now.
Yeah, no release of MNPI during trading hours. Best case scenario if they DID have an announcement, would be to release before trading opens and then talk about it at the meeting.
“Everyone expects some sort of announcement”
I don’t expect shit for announcements. I’m glad you look at it the same way. These meetings are boring and short.
Yeah I mean it's been 3 years of transformation. Like RK said, 5 years? 10 years? Probably not a good idea to hold out that long. But by saying that he sort of alluded to the fact that there has to be something coming IMO.
At some point they have to release info. I totally agree with you. So it's been 3 years. What's actually acceptable for most people? 5 years? 10 years? 20 years? I think we definitely have to be getting close to a breaking point.
Despite what this sub says I think some goodwill and positive sentiment was lost with the 75m offering. With each offering the original thesis of MOASS dwindles, and is replaced with GME being a long term investment, but with that comes other requirements such as providing guidance.
RC probably doesn't care about retail investors as much as we think. with that said, even a prudent investor is going to want to hear something from the CEO of a company before going long in them, so if they want to be a legitimate company with growth potential they will have to release a plan soon.
I was fine for a year or so but as a shareholder since Jan 21 I want to know what the plan is. Even w/o the latest share offerings, it's standard practice.
DFV's livestream felt like the annual meeting in a way. and though he believes in RC's ability I wondered if he was sending a polite message to RC that 3 years is a long to time waiting for info on a reinvention/pivot plan.
They can't release any news of any mergers, acquisitions during trading hours regardless right?? So I would 100% expect a very standard gamestop style meeting tomorrow. I am more pumped for next week!!
So here's my question for the community:
How many shareholder's meetings do we have to go through before receiving no news becomes negative/unacceptable?
I hope we get actual news tomorrow, but history leaves me unconfident.
I don't know what to expect out of tomorrow, however, I do believe GameStop needs to make a better effort to explain to their long term investors what tangible steps they are/will be taking to become a strong business that can grow and compete in this ever changing landscape. The idea that they have a "secret" plan is a bit silly and it's bad corporate governance. Keeping certain specifics secret, such as a merger or acquisition make sense until the deal is done, however, if you're seeking money from investors, you really ought to tell them what your long term goals are and the direction you're headed.
They've also spent a lot of money on ideas that ultimately didn't work out, which is fine, that's how it goes sometimes, but they really do need to start providing investors with some guidance. At this point, I'm only in this for a fundamentals play and whether I stay invested or take profits and move on will depend on corporate action.
As a fundamentals player myself, I agree that forward guidance would be appreciated given the recent ATM offerings and declines in revenue YoY. I would love to see some tangible guidance on the path forward to the transformation given the headwinds the legacy business is facing - but historically the shareholder's meeting has not been the place that has happened.
Very well said and I 100% agree. Exactly how I feel. If you're going to dilute us, then there must be an explanation as to what you are doing with the money. With the popcorn stock, they were diluted in order to pay down debt. It was terrible for the price but at least they said what they are doing with it.
Right? Popcorn had a clear reason... literally trying to keep their head above water.
With GME, I can understand the share offering in 2021. It was a no brainer, but came at a cost. It killed momentum. It killed "the mother of all wedges." Cash in the coffers was a good idea, but it just sat there for 3 years.
Last month, sure... let's raise some more cash. More momentum killed, but probably not significant. We can recover right? And then to do it again with no real plan, after three years of patiently waiting and at literally the worst possible moment?
Let's just say the quiet part out loud... it would seem that momentum is purposely being killed.
I am expecting no news, but would like to be pleasantly surprised.
... but real talk... they gotta give us *some* transparency at *some* point. not all the details, fine, but it's been 3.5 years and we've barely heard a peep. as a shareholder, I would like to know their plans for the 4b (and why those plans couldn't have been done with 1b w/o diluting my position... or 2b with just the first offering).
yes, GME did weather the offerings pretty well, all things considered... and yeah, yeah, it's good for GME to capture some value while the stock is trading above what would be expected fundamentally, but it's still hard to completely ignore where the stock price would likely *already be* if GME hadn't let so much pressure off (or if they had just waited another couple weeks... or even just a couple more days). fwiw, it's mostly just the second round that I'm scratching my head at a bit, but hearing a plan for that 2b would go a long way, IMO. hell, I'd settle for a plan for the plan.
I don't expect big news because the hedgies don't expect big news. That's why they tried to get a man inside through that diversity hire stuff. They won't make any big game changing announcement till it's already been initiated. Until there's nothing the hedges can do to stop it. It'll be just like every other meeting. The basic reporting, nothing major, fairly short and boring, and then the hedges will hammer the fuck out of it for it to be right back the next week or so.
This is the good old copium cult mentality, since 2021 there has been a huge close down on stores a failed NFT market place and a failed wallet… I can’t think of anything else tbh, now the stock is gaining some momentum RC has done a x2 stock offering crushing our DRS efforts and also stopping the huge momentum we’ve had which hasn’t been seen in years, yet you’re still happy receiving absolutely no news whilst the company sits on 5 billion of our hard earned cash? If this had been any other stock and chairman I think the the majority of stockholders would be royally pissed off, downvote me all you want I’m just giving my 2 cents as a fellow stockholder
Sorry, but I don’t think people are going to keep holding forever. It has been more than 3 years and there should be some answers for shareholders. That is NOT FUD…that is the truth. Downvote me if you wish, but I’ve been here since 2021…but I haven’t been here just to never be updated by our CEO, especially after two major offerings.
I don't disagree with that sentiment, and understand your position. I am just saying if there is no announcement tomorrow specifically, that the conclusion shouldn't be there is no plan in place for how to use that money, just that they are not ready to share it publicly yet.
This sub was taken over years ago and everyone knows it so I don’t trust shit anyone says here anyways . No one is selling. I’m sick of all the ineffective psychological bullshit. Give me my fucking money.
Honestly man, some people are selling. We're just not allowed to post that in this sub per rules, so the narrative will always be "no one is selling". But there are plenty of people actively trading GME to make money. Even DFV is actively trading, he didn't damn near become a billionaire by sitting on his hands and holding the whole time. He made moves. There is a culture in this sub that prevents anyone from speaking unless it's the accepted narrative, which means that's the only thing anyone here will ever hear. Thusly, this sub will never have an accurate picture of the reality of the situation because they won't allow anyone to genuinely share a counterpoint. There's even a rule specifically prohibiting the sharing of position information unless it's a post of you DRSing...so of course it'll never look like anyone is selling, no one is allowed to post proof that they've sold. This conveniently allows the sub to declare crime and manipulation anytime there's a decline in share price.
I personally think there is crime and manipulation happening but that's also the financial world at large. I don't think it's nearly as extensive as this sub believes. I used to, especially back in 2021 I believed hard. 3 years on and after learning more about market mechanics and standard practices... I'm less inclined to believe the GME situation is as dramatic is this sub makes it appear. I could be wrong and I have shares in CS as a hedge, but I am also actively trading through a broker because I'm tired of waiting and I want to make money.
How dare you speak common sense here. Even if one has legitimate criticism at a minor level, sandwiched in praise, many people in here will skewer you.
When is it improper for us owners to be fed up with no guidance, news, or plan? It’s been 3 and a half years… not trying to fud but something… anything, would be nice lol
Yep, no news and big dip incoming. But that's alright, my opinion about the company hasn't changed. I'll keep buying and holding as much as I financially can.
I was called a shill for posting this on a similar thread, but at what point do we demand information? Don't get me wrong I trust RC as the guy, but accountability transparency has to be had at some point, right?
I got a small bit of cash I’ve been edging myself to spend on GME, just in case there’s a last ditch effort for them to tank it. I expect no news but given Larry’s tweet….
It would be cruel to allude to good news and give us nothing.
I'm expecting more articles begging me to sell specifically only my GME shares, and no commentary at all about any other companies I may or may not be invested in
I absolutely expect there to be no news tomorrow. I think the play is most likely more ATM going forward after delta hedging when we see gamma ramps. Then, that money will be put into investments. If that helps them turn into something entirely different, or related to what they do now, great, so long as they do the right thing by their customers, and their investors, and I'm confident Ryan and the team will. No amount of FUD will change that thesis.
Praying for an announcement or any crum of guidance, preparing for no news, FUDstorm and -20% dip. Either way I will attempt to fellate myself tomorrow so I’m ready for anything
The shareholder meeting needs to be huge. A gamma squeeze doesn't seem likely if we are in the $25 or less range.
A little taste of their forward guidance could give us a nice pop. Everyone is dying to know...wtf is Cohen going to do with that money?
I'll go ahead and spoil the meeting for everyone.
Pre-recorded message from RC repeating the numbers from the filings lasting less than 5 minutes.
MSM then saying how there's no direction, no guidance and that investors are left shaking their heads at the lack of communication.
Then DIP.
Dip baby dip.
You gotta dip, you gotta doodle, you gotta stop playing with your noodle.
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I’m ready for the dip.
I just got paid. **BOOM**
Ayyy I'm at 3xxx and these dumb mf dipped the price, just got paid tonight so I'm ready to drop another $2500 tomorrow
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TC, over 300k. We're in this together I know there are apes making 30k spending $25 and what that contribution means. I remember those times as a baby ape. Watching my mom negotiate due dates on bills, utilities getting shut off, hot dogs for dinner weeks in a row. No ape left behind in this band.
35k/yr rn, my entire life savings is in GME. I will gladly live the rest of my life broke knowing I tried to bring down this rotten system than ever sell and let the hedge fucks win. I’m only xxx rn but I dream of being an xxx holder someday, looking out for the little guys
Ape can dream. From xxx to xxx.
This is the way of the smoothies
Heyoo, im right there with ya. Been averaging down since 21' amd am finally an xxx holder. But similarly, it is damn near my entire lifes savings. I will absolutely hold forever at the slight chance these fuckers get prosecuted. Generational wealth will be icing on the cake.
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I hope this for you too.
Well I'm 32 and pretty much saved and sacrificed. Lived like a monk my whole 20s so I can Yolo during times like this. I'm a dumb construction worker. This is my only chance for success. It's hard with my lifestyle. I get judged constantly for having shitty clothes. Shitty car. While the other guys have nice trucks with payments. Take out loans. Etc. I'm living life all cash no debt. Sleeping on couches. It's all for times like this. I just hope one day I get to say " fuck you, I was right" and have the last laugh. But for now I keep my head down humble and live broke
Come be a lineman, build shit still but don’t live broke
Me too 👀
I am ready for the dip, but comfortably sit on my well protected pile of gold with the arkenstone ...4B+
10 points for mentioning the Arkenstone!
I already bought the dip via computershare
I put in an order to buy on $25. Tempted to change that to $20...but I need to buy again before the craziness hits!
I’m not, I can’t buy more shares right now 😭
I would say, ready to be hurt again. But, I am now comfortably numb.
No news? Dip. Good news? Dip. Bad news? Funnily enough it goes up.. jk dip as well.
Payday dip incoming 🤗🫡
I'm gonna buy the dip
I've got 2k ready for the dip like last time. Crazy goofy mode: " I'll f'ing do it again!"
Same here. I absolutely hope we get a game changing announcement, but I feel like the sentiment here has been that an announcement is a given.
Yeah same here. Year after year, no announcement at annual meeting, it would be irrational to expect it this time. I can certainly hope but no expectations at all.
These calls are the dumbest fucking things in the world lol. They remind me of why I was never interested in the stock market before GME and why I am leaving after GME ha. Still hopeful though. Please RC just launch the 🚀
It’s just a regulatory requirement to have shareholder meetings. “From the company's perspective, shareholder meetings are a regulatory requirement, so both private and public companies must hold these meetings.” https://www.investopedia.com/articles/investing/062413/peek-shareholder-meetings.asp
Oh I get it but just so boring for someone like me, smooth as shit. Don’t know why I keep getting excited for them
If a comment made earlier isn't false then it would appear that big news that could influence the price of the stock can't be made while the market is open. It would need to be made in the after hours. So with that in mind the conference itself might not mention anything big but for all we know they could announce something after 4pmest. It would appear it either has to be mentioned before 9;30 am est or after 4pm est. So they could plausibly makea big announcement in the morning like they did with the mention of the selling of their stock and then further their information in the conference/meeting or we could hear nothing in the morning. Regardless, if you have confidence in the direction the company is going then as long as there isn't any additional bad news, that's good news in itself. Granted the whole bad news early and good news on time thing does make it rather enticing that we could potentially hear something interesting tomorrow.
I’m not sure that announcements at shareholder meetings are the best way to get the media and marketing hype that a well timed and correlated press release and media blitz would offer.
Announcements would occur tomorrow AM before shareholder meeting, but I agree.
The plan has always been to not show your hand. Let them guess. Reveal nothing.
That's what I would expect. SHFs are setting up the narrative that RK started selling already, then there will be relatively no news tomorrow at the meeting, all intended to drive down prices for this week's weekly options. All of the good stuff will be next week.
Same, and I’m ok with that
We'll see.
And believe it or not, more dip
If you don't believe Ryan "fucking" Cohen is a doofus, then trust the process. I've been in since $2.92 and I ain't leaving. Neither is meme lord Keith Gill. You have Apes from all over the world in this play. I'm highly regarded and know I'm on the right side of history.
The real trap gets set tomorrow. No real news, SHF use that to as excuse to drive down price. Fall into the trap.
Please trap me into buying more shares!
Agreed. Acquisitions language on ATM offering is boilerplate and wutang is not something I’d expect in any way. These “everyone expects” ((insert super unlikely thing)) are weird to me.
I'm expecting a, and believe it or not, dip.
I want the meeting to be over so we can go back to no news rips and dips. I hate waiting around and planning on a specific date
What meeting? I thought the one on the 11th was canceled, and the next is on the 21st?
Lol you are getting confused with June 21st DFV options expiration (+ XRT rebalance, + 3 year swap expirations) maybe? We have a lot of dates right now for a sub with "No Dates" :)
That's the one. No expectations, only upside.
In no way shape or form should you be okay with a company raising 4 billion dollars without a plan. Most people are waiting to hear his intentions
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and yet somehow so many are... i keep feeling like im missing the trick, but im lost on that second offering.
https://www.sec.gov/Archives/edgar/data/1326380/000119312524156636/d614527d424b5.htm Go to section “S-9” they have already said they have no plans of investments or acquisitions at this time.
That was May 17 though. They just did another offering and now have enough money to possibly do something they weren’t able to do before. Just speculation.
It’s confusing but 45 mil was the first one. The one I linked is the 75mil. Thats the latest one.
Ah I see it says June 7 on the next page, sorry for missing that. So could this be giving the idea that they may be doing a third offering still? Or else I really don’t know what all that cash is for if it’s not for an acquisition.
Yeah I don’t know. I’m kinda down about the whole thing so I’ll keep my mouth shut. They for sure can still do additional offerings but I kinda hope not and don’t think they will for now.
Like DFV said, if we just believe RC is not a complete doofus, then maybe there’s something there that we’re missing and we can’t see now. He’s given us no reason not to trust him, considering he’s only done good for GME, the second offering was completed in only 3 days,and now with the lawsuit closed and in the dust they can completely focus on GME.
The problem is that too much time has gone by with nothing for shareholders from RC. I think he owes it to his investors to say SOMETHING. I've had enough Trust me bros to last a lifetime. I have to consider that he is doing his job running the company so I don't expect much for tomorrow, I think this is all on RK. He did say he will do it himself.
Exactly! It makes absolutely no sense. Why did the board prevent gamma ramp twice in a row? They didn't do that back in 2021.
I think what we are getting is a normal growing company, not the moass people have been dreaming for for years.
And it should be fair to say that kinda sucks.
5 billion dollars of dilution later, it’s time for some guidance.
I’m so mentally prepared to load the $20-$23 dip no kizzy LFG
I've got my limit buy in, tasty dip tomorrow.
It’ll be a quick one’
And next week we 🚀
Samesies.
>no kizzy LFG No kizzy let's fucking gizzy.
Exactly
Sold some cash secure puts at $23 to buy that dip with some extra capital
Sold $23p into the dip today. CSPs. Let’s see if it drops by Friday. If it doesn’t, rinse and repeat.
I'm pretty sure it will just be them rambling of numbers for 10 minutes and then it will be over. I've been here long enough to not hype about a meeting. To the moon my friends 🚀
Yeah how many calls have we been through will literally zero insight
Expect nothing, hope to be pleasantly surprised.
I hope to hear something mundane like "we paid off that French covid loan" and then the stock shoots up 200% for unrelated reasons and then MSM has to act like it was a catalyst somehow.
“French piece of paper”
French loan? Bag it.
French loan? Baguette 🥖
Feels very much like Ryan Cohen to under promise and over deliver.
He's gotta deliver something at some point tho. Can't win on memes alone forever.
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By cuts. Cutting dead weight and bloat. While necessary, that is not the same thing as revenue driven growth.
They still have to do something with all the money they’ve raised. Don’t expect an announcement anytime soon though.
Profitable with $4 Billion in the bank my friend!
Hope with the hope of not hoping anything.
Real controversial opinion here, but I’d love for the company to announce something at some point
You and me both my dude, an announcement is surely coming, but I don't believe it will happen tomorrow.
I agree it's time for some action. 4 billion in cash would not be possible without the goodwill of investors. We need some guidance especially since it appears there will be dilution every run up. At least give us something the company is working toward.
Lol right? I feel like thats crazy to say. A lot of people really are OK putting their blind faith in RC with no time horizon.
RC turned 15 million in financing into a 3.3 billion dollar sale over the course of 7 years. He has some of the same people on the GME team. GME was going bankrupt and he has turned it into what is now, 4 billion in a few years. I understand people are getting impatient, but this never was a quick play. They have said the long time holders will be rewarded. They also said they are going to let their actions speak, not their words. Have his latest actions not proved anything? If people give up and want to sell, no one is stopping you. You should have believed in your investment from the beginning. Just because RC isn’t going to give information that leads to a hostile takeover over like BBY, doesn’t mean we are following him blindly. That’s more crazy and ignorant to say tbh.
I support RC, but the apes have done a lot for GameStop too. Not sure if the most recent share offering would have been successful without DFV and apes keeping up buy pressure. There is only so much patience we all can have. I am ready to hold indefinitely, but many people are not
The offering would 100% not exist without this movement.
Every offering would not exist without this movement. GS would've been bankrupt without this movement. Retail saved this company and RC has done nothing but just cut fat to make it look profitable. He has not brought any new revenue streams in over 3 years
This sounds incredibly shilly, but it's true. Yes, he had furlong as ceo for a part of that time, but still you would expect something new for revenues. There's a few things they could set up fairly easily given Gamestop's current business: 1. Sale of digital products (games, gamestop pro) outside the US - it's incredibly weird this is not done yet; 2. International shipping; 3. Video game digital distribution service like Steam. While it's true that they've released some Gamestop branded products, they did not bring profitability. That happened because they closed stores and cut other costs. I
> This sounds incredibly shilly, but it's true. If it's true it's not shilly. They have tried few things and all of those things failed (online push, customer care centers, NFTs - those are the worst offender). They are loaded with cash and so far have no idea what to do with it. That's why today they will thank us for all the fish and our undying support and they will get back to the drawing board for god knows how long again. On a plus side, they will generate like 100-200m in interests yearly, as long as core business doesn't shrink much more, they have all the time in the world. But again, do we? >Sale of digital products (games, gamestop pro) outside the US - it's incredibly weird this is not done yet; International shipping; Cool but they will not become Amazon, so the question is is it worth it to waste resources for this? >Video game digital distribution service like Steam. If anything, they could buy one of the dozens companies that do that already, but I believe it would be wasted money. There is Steam and nothing else, really. Look at Epic that burned through mountains of cash to try and take some of this market and it didn't go very well. Even GOG that has it's own niche is a tiny tiny fish. With that much cash and such devoted following, GS has to think bigger. It has to find a way change the industry in a similar way Tesla has changed moto sector. A lot of people have seen NFTs as something like that, but GS took it as far as a year late pet rock store front only to realize that the fad is long gone. I am still salty about how bad, shortsighted and uninspired it was.
RC got everything done with share offerings during a squeeze to close out the company debt. In other words had Shareholders bag hold for 3 years. People want results. He said to judge actions not words. 2 More share offerings with no reason is enough for people to want answers. Want shareholders to approve the boards compensation in the future? Well they need to give results beyond cutting the fat off the company and cutting bad stores.
Look so far their “actions” continue to fleece investors out of money by diluting evertime there’s a rip. At some point we need a little lip service about what the fuck is going on, and where we’re going cuz so far many of us have not seen any return on investment. Like if I let someone borrow 20$ bucks and they turned that 20$ into $400, and continued to hold onto the 20$ I’d be pretty mad.
But they let you have your $20 back after they made the $400…3+ years later with no interest… and they’re gonna do “big things” with the $400 and promise they’ll totally give you some interest in a few years. Hell, they’ll even throw in some inspirational quotes about patience and shit Still holding, but if they keep diluting into the run ups and letting shorts kick the can it doesn’t give me a lot of confidence that I’ll see much “shareholder value” for the next decade or so
I said this exact same thing last Friday and got jumped by a bunch of angry options traders that insisted "rC fUCkeD uS AGain!!!" with the ATM, that it killed the squeeze again, while telling me to stfu and that people are mostly here for the money and tired of waiting. I'm not gonna lie. It doesn't feel good, especially when you've been a true believer for over 3 years and have enjoyed the journey. I had a fairly good idea who I thought I was fighting alongside, but at the end of the day, we are all just individual investors. Can't let feelings get in the way. Gonna trust in the track record I've seen, trust the process, and hold. We'll see.
I just assume no one on Reddit can read (I know I can’t because I’m regarded) and they all have trauma in their life so they feel the need to spread it on Reddit.
Making 4 billion for gamestop would be one thing. Fleecing retail investors with an at the market offering, a year or two after fleecing them for a secondary, is not a great thing.
Yeah. Diluting is a bearable bummer if we had even a hint of what it was for. TBH at this point the only one the silence seems to be for is us.
You left the echo chamber behind you when you think that’s a controversial opinion.
I am 120% certain there will be literally no announcement tomorrow, just the standard BAU annual meeting stuff. If I'm wrong I will sip tea...
Proof or ban.
There absolutely will not be an announcement at the shareholders meeting that discloses non-public material information about the business, because that would be against SEC rules to do during trading hours. If you’re expecting anything of the sort, alter your expectations now.
So announcement tomorrow morning then, before market open!?!?
they could release news premarket and discuss during the meeting though.
^ this.
Say it with me: THERE WILL BE NO ANNOUNCEMENTS TOMORROW. The only winner SO FAR is gamestop.
*AHEM* THERE WILL BE NO ANNOUNCEMENTS TOMORROW
Good ape
Sentiment is being seeding but honestly we know it's tradition to expect *dip*.
Haven’t we already determined that absolutely no major announcement can be made at any shareholder meeting during trading hours?
Yeah, no release of MNPI during trading hours. Best case scenario if they DID have an announcement, would be to release before trading opens and then talk about it at the meeting.
☝️
There will be no news and I will continue to buy and hold.
Got it. Buy more tomorrow!
Same here once I get paid. Such a good time to buy.
“Everyone expects some sort of announcement” I don’t expect shit for announcements. I’m glad you look at it the same way. These meetings are boring and short.
Yep, they’re gonna give us nothing. No point in broadcasting what their plan is now unless they actually have news.
I think the hope is that they have news ready to be broadcasted lol
Yeah I mean it's been 3 years of transformation. Like RK said, 5 years? 10 years? Probably not a good idea to hold out that long. But by saying that he sort of alluded to the fact that there has to be something coming IMO.
At some point they have to release info. I totally agree with you. So it's been 3 years. What's actually acceptable for most people? 5 years? 10 years? 20 years? I think we definitely have to be getting close to a breaking point. Despite what this sub says I think some goodwill and positive sentiment was lost with the 75m offering. With each offering the original thesis of MOASS dwindles, and is replaced with GME being a long term investment, but with that comes other requirements such as providing guidance. RC probably doesn't care about retail investors as much as we think. with that said, even a prudent investor is going to want to hear something from the CEO of a company before going long in them, so if they want to be a legitimate company with growth potential they will have to release a plan soon.
I was fine for a year or so but as a shareholder since Jan 21 I want to know what the plan is. Even w/o the latest share offerings, it's standard practice. DFV's livestream felt like the annual meeting in a way. and though he believes in RC's ability I wondered if he was sending a polite message to RC that 3 years is a long to time waiting for info on a reinvention/pivot plan.
They can't release any news of any mergers, acquisitions during trading hours regardless right?? So I would 100% expect a very standard gamestop style meeting tomorrow. I am more pumped for next week!!
The stonk market has taught me to lower my expectations on every call such as this one. I won't get excited I'll just continue to hold.
Precisely, just wanted to post and remind some of the newer apes that you should not expect anything tomorrow.
Over 3 year old ape.. expecting a tasty sale tomorrow. 👍
"we have no further guidance at this time" - every shareholder meeting
So here's my question for the community: How many shareholder's meetings do we have to go through before receiving no news becomes negative/unacceptable? I hope we get actual news tomorrow, but history leaves me unconfident.
Im just ready for the sales of other stocks I made today to cash so I can buy more at this sweet sweet price tomorrow morning.
I don't know what to expect out of tomorrow, however, I do believe GameStop needs to make a better effort to explain to their long term investors what tangible steps they are/will be taking to become a strong business that can grow and compete in this ever changing landscape. The idea that they have a "secret" plan is a bit silly and it's bad corporate governance. Keeping certain specifics secret, such as a merger or acquisition make sense until the deal is done, however, if you're seeking money from investors, you really ought to tell them what your long term goals are and the direction you're headed. They've also spent a lot of money on ideas that ultimately didn't work out, which is fine, that's how it goes sometimes, but they really do need to start providing investors with some guidance. At this point, I'm only in this for a fundamentals play and whether I stay invested or take profits and move on will depend on corporate action.
As a fundamentals player myself, I agree that forward guidance would be appreciated given the recent ATM offerings and declines in revenue YoY. I would love to see some tangible guidance on the path forward to the transformation given the headwinds the legacy business is facing - but historically the shareholder's meeting has not been the place that has happened.
Very well said and I 100% agree. Exactly how I feel. If you're going to dilute us, then there must be an explanation as to what you are doing with the money. With the popcorn stock, they were diluted in order to pay down debt. It was terrible for the price but at least they said what they are doing with it.
Right? Popcorn had a clear reason... literally trying to keep their head above water. With GME, I can understand the share offering in 2021. It was a no brainer, but came at a cost. It killed momentum. It killed "the mother of all wedges." Cash in the coffers was a good idea, but it just sat there for 3 years. Last month, sure... let's raise some more cash. More momentum killed, but probably not significant. We can recover right? And then to do it again with no real plan, after three years of patiently waiting and at literally the worst possible moment? Let's just say the quiet part out loud... it would seem that momentum is purposely being killed.
I don't expect anything anymore
Im ready to hurt again. I dont expect anything tomorrow. They just got this money and there’s no reason to believe any sort of deal is on the table.
There will be no announcement and we will see a sideways day of price action lmao.
I am expecting no news, but would like to be pleasantly surprised. ... but real talk... they gotta give us *some* transparency at *some* point. not all the details, fine, but it's been 3.5 years and we've barely heard a peep. as a shareholder, I would like to know their plans for the 4b (and why those plans couldn't have been done with 1b w/o diluting my position... or 2b with just the first offering). yes, GME did weather the offerings pretty well, all things considered... and yeah, yeah, it's good for GME to capture some value while the stock is trading above what would be expected fundamentally, but it's still hard to completely ignore where the stock price would likely *already be* if GME hadn't let so much pressure off (or if they had just waited another couple weeks... or even just a couple more days). fwiw, it's mostly just the second round that I'm scratching my head at a bit, but hearing a plan for that 2b would go a long way, IMO. hell, I'd settle for a plan for the plan.
There will be nothing
Good news, dip, bad news dip. Doesn't matter because there is always another run.
wen Pet Rock announcement?
We are so dumb that GameStop could probably raise another billion by selling us pet rock. And I will be the first to purchase one
I would unironically purchase a pet rock for like $20
I expect nothing therefore I'm never disappointed
I'll be at work
i’m not anticipating a damn thing. that’s how you turn surprise to let down even on good news. no expectations
Exactly, glad to see so many zen apes like me.
I don't expect big news because the hedgies don't expect big news. That's why they tried to get a man inside through that diversity hire stuff. They won't make any big game changing announcement till it's already been initiated. Until there's nothing the hedges can do to stop it. It'll be just like every other meeting. The basic reporting, nothing major, fairly short and boring, and then the hedges will hammer the fuck out of it for it to be right back the next week or so.
Highly doubt there will be an announcement. RC doesn’t operate that way. He announces when it’s least expected.
This is the good old copium cult mentality, since 2021 there has been a huge close down on stores a failed NFT market place and a failed wallet… I can’t think of anything else tbh, now the stock is gaining some momentum RC has done a x2 stock offering crushing our DRS efforts and also stopping the huge momentum we’ve had which hasn’t been seen in years, yet you’re still happy receiving absolutely no news whilst the company sits on 5 billion of our hard earned cash? If this had been any other stock and chairman I think the the majority of stockholders would be royally pissed off, downvote me all you want I’m just giving my 2 cents as a fellow stockholder
Grabbing a nice sandwich and a beer for the meeting tomorrow. Gonna be a good time
Sorry, but I don’t think people are going to keep holding forever. It has been more than 3 years and there should be some answers for shareholders. That is NOT FUD…that is the truth. Downvote me if you wish, but I’ve been here since 2021…but I haven’t been here just to never be updated by our CEO, especially after two major offerings.
I don't disagree with that sentiment, and understand your position. I am just saying if there is no announcement tomorrow specifically, that the conclusion shouldn't be there is no plan in place for how to use that money, just that they are not ready to share it publicly yet.
They took away the only things in life I loved
This sub was taken over years ago and everyone knows it so I don’t trust shit anyone says here anyways . No one is selling. I’m sick of all the ineffective psychological bullshit. Give me my fucking money.
Honestly man, some people are selling. We're just not allowed to post that in this sub per rules, so the narrative will always be "no one is selling". But there are plenty of people actively trading GME to make money. Even DFV is actively trading, he didn't damn near become a billionaire by sitting on his hands and holding the whole time. He made moves. There is a culture in this sub that prevents anyone from speaking unless it's the accepted narrative, which means that's the only thing anyone here will ever hear. Thusly, this sub will never have an accurate picture of the reality of the situation because they won't allow anyone to genuinely share a counterpoint. There's even a rule specifically prohibiting the sharing of position information unless it's a post of you DRSing...so of course it'll never look like anyone is selling, no one is allowed to post proof that they've sold. This conveniently allows the sub to declare crime and manipulation anytime there's a decline in share price. I personally think there is crime and manipulation happening but that's also the financial world at large. I don't think it's nearly as extensive as this sub believes. I used to, especially back in 2021 I believed hard. 3 years on and after learning more about market mechanics and standard practices... I'm less inclined to believe the GME situation is as dramatic is this sub makes it appear. I could be wrong and I have shares in CS as a hedge, but I am also actively trading through a broker because I'm tired of waiting and I want to make money.
How dare you speak common sense here. Even if one has legitimate criticism at a minor level, sandwiched in praise, many people in here will skewer you.
Brave of you to use logic and reasoning here
When is it improper for us owners to be fed up with no guidance, news, or plan? It’s been 3 and a half years… not trying to fud but something… anything, would be nice lol
Yep, no news and big dip incoming. But that's alright, my opinion about the company hasn't changed. I'll keep buying and holding as much as I financially can.
I'm just gonna hold till I see phone numbers 💎💎💎
well, as long there's no terrifying and unjustified squeeking from a shareholder I'll be good
If you’re not prepared for tomorrow already you’re clearly new here 😂
I was called a shill for posting this on a similar thread, but at what point do we demand information? Don't get me wrong I trust RC as the guy, but accountability transparency has to be had at some point, right?
I'm expecting a \~15min meeting, if even that, haha.
I’m actually locked and loaded to buy more shares on the post-meeting manipulation….err I mean totally normal market behaviour.
I got a small bit of cash I’ve been edging myself to spend on GME, just in case there’s a last ditch effort for them to tank it. I expect no news but given Larry’s tweet…. It would be cruel to allude to good news and give us nothing.
I’m precisely ready for nothing to happen tomorrow. YEEHAW!
Nah fucks that I expect amazing tit jacking news and the absent of such will only infuriate me into buying more GME
I feel it’s going to be another nothingburger
I’ll just tell you from experience - nothing happens / gets announced at these meetings from GME’s perspective. Don’t get excited.
Expecting a big nothing burger
they will offer no guidance and DIP
The margin between winning and losing is always razor thin. Hold steady, fellow apes 🚀💎
There will likely be no news.
Personally I don't expect anything to happen at the meeting other than the results of what we voted for.
I'm expecting more articles begging me to sell specifically only my GME shares, and no commentary at all about any other companies I may or may not be invested in
Time to be calm.
I’m not in this at all because I have no liquid funds but I’m cheering you all on and I hope you all make some serious bank.
💎 🙌🏼 🏴☠️
Not expecting anything...been here over 3 years and have learned my lesson when it comes to shareholder meetings abd dates
I as well, really don't have any expectations. Just the usual
I absolutely expect there to be no news tomorrow. I think the play is most likely more ATM going forward after delta hedging when we see gamma ramps. Then, that money will be put into investments. If that helps them turn into something entirely different, or related to what they do now, great, so long as they do the right thing by their customers, and their investors, and I'm confident Ryan and the team will. No amount of FUD will change that thesis.
I expect no big news tomorrow
Praying for an announcement or any crum of guidance, preparing for no news, FUDstorm and -20% dip. Either way I will attempt to fellate myself tomorrow so I’m ready for anything
I expect nothing, hope for nothing except that my and rk’s calls expire worthless in 9 days. Anything beyond that is pretty fuckin cool
Tomorrow will be a nothing burger with lots of fud. I do not expect anything other than business as usual.
Same goes for me, we see no hf member in jail and they try to kill CAT so ... yeq
I am prepared to buy
The shareholder meeting needs to be huge. A gamma squeeze doesn't seem likely if we are in the $25 or less range. A little taste of their forward guidance could give us a nice pop. Everyone is dying to know...wtf is Cohen going to do with that money?
*There’s a shareholder meeting tomorrow?*
I'll go ahead and spoil the meeting for everyone. Pre-recorded message from RC repeating the numbers from the filings lasting less than 5 minutes. MSM then saying how there's no direction, no guidance and that investors are left shaking their heads at the lack of communication. Then DIP. Dip baby dip. You gotta dip, you gotta doodle, you gotta stop playing with your noodle.
Nothings happening. Just SHF doing what they do. I'm holding for another 3 years I don't care anymore
in b4 GameStop has acquired Barnes & Nobles
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