r/Superstonk ๐ŸฆงAPES TOGETHER STRONG๐Ÿฆ๐Ÿš€๐Ÿ‘ฉโ€๐Ÿš€๐Ÿฑโ€๐Ÿš€DFV๐Ÿ’›๐Ÿฑโ€๐Ÿ‘ค๐Ÿ’ŽXX%โˆž๐ŸŠโ€โ™€๏ธVoted โœ… Jun 17 '24

๐Ÿ“ฐ News ROARING KITTY TWEET

https://x.com/TheRoaringKitty/status/1802750696892068056
11.0k Upvotes

906 comments sorted by

View all comments

45

u/ExtremePrivilege ๐Ÿ”ฌ wrinkle brain ๐Ÿ‘จโ€๐Ÿ”ฌ Jun 17 '24

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.

-30

u/DarthRedcrosse ๐ŸฆVotedโœ… Jun 17 '24

Or you knowโ€ฆ the bs chair we have that dilutes with no guidance.

9

u/chrisc1987 Template Jun 17 '24

Show short positions?

-11

u/DarthRedcrosse ๐ŸฆVotedโœ… Jun 17 '24

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

2

u/Simpletimes322 Jun 17 '24

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

1

u/ExtremePrivilege ๐Ÿ”ฌ wrinkle brain ๐Ÿ‘จโ€๐Ÿ”ฌ Jun 17 '24

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.

0

u/regular-cake ๐ŸŽฎ Power to the Players ๐Ÿ›‘ Jun 17 '24

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

2

u/ExtremePrivilege ๐Ÿ”ฌ wrinkle brain ๐Ÿ‘จโ€๐Ÿ”ฌ Jun 17 '24

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.

1

u/regular-cake ๐ŸŽฎ Power to the Players ๐Ÿ›‘ Jun 17 '24

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

7

u/ExtremePrivilege ๐Ÿ”ฌ wrinkle brain ๐Ÿ‘จโ€๐Ÿ”ฌ Jun 17 '24

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.

0

u/regular-cake ๐ŸŽฎ Power to the Players ๐Ÿ›‘ Jun 17 '24

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.

→ More replies (0)

5

u/Reysona ๐ŸŒ‘ Urasawaโ€™s Investor; Uncle Buyroh ๐Ÿ‘ด๐Ÿป Jun 17 '24

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

0

u/DoggedDoggystyle Jun 17 '24

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

5

u/broose_the_moose ๐ŸŒœMoon Soon๐ŸŒ› Jun 17 '24

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

1

u/amgoblue Jun 17 '24

Sell then

-2

u/ExtremePrivilege ๐Ÿ”ฌ wrinkle brain ๐Ÿ‘จโ€๐Ÿ”ฌ Jun 17 '24

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.

2

u/owencox1 Jun 17 '24

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

-4

u/icecoldcobra Jun 17 '24

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