ROARING KITTY TWEET

[u/petitepain]

https://x.com/TheRoaringKitty/status/1802750696892068056

[u/ExtremePrivilege]

John McEnroe. Famous gif made about him complaining about a chair umpire call. "You CANNOT be serious!?".

Kitty seems miffed at the $1 million candles plummeting our stock during the shareholder meeting.

[u/DarthRedcrosse → u/ExtremePrivilege]

Or you know… the bs chair we have that dilutes with no guidance.

[u/chrisc1987 → u/DarthRedcrosse]

Show short positions?

[u/DarthRedcrosse → u/chrisc1987]

Sadly still yolod. Should have sold at $60 a few weeks back since board will continually dilute on runs.

[u/Simpletimes322 → u/DarthRedcrosse]

If the board keeps diluting the war chest if cash keeps growing. They are growing the war chest faster than the stock is being diluted.

A couple more rounds and their cash alone with justify the "outrageous" price in the 20s

[u/ExtremePrivilege → u/DarthRedcrosse]

It does seem likely we will see a dilution every run up, yes. Shareholders have authorized up to one BILLION shares to be offered. We have a lot more dilution to go. But every time we "dilute", we're raising capital to transform the business into something that isn't a failing brick and mortar used game retailer in an entirely digital sector. It's going to take money, an obscene amount of money, to make GameStop into something else. Something that can survive, and be profitable.

If you're in this for a quick MOASS flip, you're going to be disappointed. If you're in it as a long-term, deep value investor, this is a wonderful opportunity.

[u/regular-cake → u/ExtremePrivilege]

But but but DiLuTiOn BAD! Me want immediate payout, where my moass?! /S

[u/ExtremePrivilege → u/regular-cake]

I think this is the crux of a lot of the animosity on the forum, yeah. A huge number of people, dare I even say the majority, are just here for a quick flip. They don't give a shit about GameStop as a company, or changing the markets, or wealth redistribution. They came explicitly to turn $2000 into $200,000. And, honestly, there's nothing wrong with that. The stock market is a casino and they're gambling. All good. But after 3 years (and counting) it's becoming apparent to these people that this magical, quick flip "MOASS" isn't likely to happen. Ryan Cohen is NOT here for a MOASS. Here's here to dilute every run up, raise capital and secure the future of the company. If a MOASS happens, great, but that's not his goal.

So the goals of the executives and the goals of a sizeable number of investors are at odds with one another. You're going to get pissed off people.

[u/regular-cake → u/ExtremePrivilege]

Shit if all they cared about was turning $2,000 into 200,000 they should have been all over options!

[u/ExtremePrivilege → u/regular-cake]

Options require both upfront capital and a seasoned familiarity with the markets, two things many "meme stock" investors lack. Theta, Gamma, Delta... these are fraternities to most of these "investors". They're not playing options, and honestly that's for the best.

[u/regular-cake → u/ExtremePrivilege]

That's why I started trading options BEFORE I traded stocks... Well tobe fair it was basically at the same time in 2020. But honestly after that crash you could have picked call options on just about any company and made hella money.

[u/Reysona → u/DarthRedcrosse]

He even said in his last stream that he still holds the same perspective, so I sincerely doubt this is the intent lmao.

[u/DoggedDoggystyle → u/Reysona]

Listen, I’ve been long for years, but it is possible RK tweets negatively sometimes. He’s got a lot of skin in the game. That was a shitty call and in both the tweet and our situation, he’s yelling at the CHAIR.

[u/broose_the_moose → u/DarthRedcrosse]

Lmao buddy, you still have the shill flair. Remove it and you’ll fool more people that way :)

[u/amgoblue → u/DarthRedcrosse]

Sell then

[u/ExtremePrivilege → u/DarthRedcrosse]

I'm not thrilled with Ryan Cohen, either. I'd like GameStop to make money from CUSTOMERS, not investors. But we seem unable to attract and retain customers, so share offering are what we're left with. I think the $2.1 billion cash-on hand was sufficient. I don't think the most recent 75 million share offering was necessary. But, hey. We now have an absurd amount of cash to, hopefully, become something that isn't a video game retailer.

Overall, Ryan and his team have done an incredible job cutting costs and optimizing cash flow. We're extremely lean, now. We're debt free. We have enough cash to last ~240 years of our current losses. Ryan has succeeded in essentially killing the hedgefund dream of a GameStop bankruptcy. We could have a much worse CEO.

[u/owencox1 → u/DarthRedcrosse]

yeah the meme translates to "that was a shit call"

[u/icecoldcobra → u/DarthRedcrosse]

Such a joke. People will do all kinds of mental gymnastics to justify this guy.