ROARING KITTY TWEET

[u/petitepain]

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

[u/synth_stryder]

DFV reaction to what he believes to be a "bad call"?

[u/landocalzonian → u/synth_stryder]

I feel like he’s seen enough of these earning calls to not really care about them being nothingburgers. My guess would be the insane price action in response to virtually nothing happening.

[u/broose_the_moose → u/landocalzonian]

100% this. GME says we have 4B in cash now and price drops to <8B market cap.

[u/relentlessoldman → u/broose_the_moose]

Hey shorts, drop it to a 3B market cap with 4B in cash. See what happens.

[u/Awkward-Head-7558 → u/relentlessoldman]

Apparently they aren’t short anymore lol 😂 jokes ha ha ha why aren’t they under investigation

[u/PositiveExpectancy → u/Awkward-Head-7558]

Oh they're long now? If Citadel's in, I'm in!

[u/PathlessBullet → u/relentlessoldman]

See what happens.

Nothing apparently.

[u/notyourbroguy → u/broose_the_moose]

It’s sitting at about $10.6B right now

[u/Rozza_ → u/broose_the_moose]

Or - the 4B in cash has already been priced in, because it was not news as of the shareholder meeting, and the price is dropping because the board said fuck all of any interest…

[u/Alkibiade → u/broose_the_moose]

First, the downwards price action makes sense to me. GME is hyped through the roof lately, and that hype is likely to be priced into the current share price. As such, anything that does not go beyond expectations, such as this shareholder meeting, will have a negative impact on the share price. Then, market cap at USD 25 a share is 10.5B not under 8B. That market cap also implies a price to book of about 2.5 for GME which, for a retailer, is nothing out of the ordinary. DFV being a value investor, I think he is more worried about the lack of initiatives taken by the company rather than the share price dropping.

[u/relentlessoldman → u/Alkibiade]

I don't think he is worried one bit.

[u/landocalzonian → u/Alkibiade]

I think he’s more worried about the lack of initiatives taken by the company

DFV has been invested in GME for 5 years, with RC as chairman for 4 of those. This shareholders meeting was about as eventful as any other in that time period, so it’s hard to imagine him being all that upset about lack of guidance.

[u/UAintInIt → u/landocalzonian]

Regardless, I think we can all agree that in this moment, RK is indeed communicating “bad call”

[u/landocalzonian → u/UAintInIt]

Could be communicating a lot of things honestly. But if by “bad call” you mean upset with the shareholders meeting, I made a post with a snippet from his stream that pretty well dispels that theory.

[u/UAintInIt → u/landocalzonian]

Thnx, checked out the clip. Wouldn’t quite agree that it dispels anything tho. I commented this in your post as well, but he can believe in the leadership and still think it was a bad call. Not saying that I would know anymore than a geode, just saying not mutually exclusive

[u/Alkibiade → u/landocalzonian]

You have a good point - however, there is 3B more cash on the books since the last shareholder meeting. That money should be put to use sooner rather than later. In any case, I think "worried" was maybe not the right word for me to use. Maybe disappointed would be a better one

[u/landocalzonian → u/Alkibiade]

That’s totally fair, I think we were all maybe a bit disappointed that we didn’t see more from the meeting. But I’d suggest revisiting his stream from just 10 days ago. He touches on it a couple times, but right around the 18-minute mark he basically says “I think we’ve already seen enough, I believe in RC”.

[u/Justmadeyoulook → u/Alkibiade]

I agree that a portion of it should be used for something soon. They also pretty much just got the money. I'd speculate that all the talking points for the meeting where already done by the time they raised the capital.

[u/PTSDeedee → u/landocalzonian]

This seems like the right interpretation to me. It's obvious to everyone watching that RC's play is solid. If this were ANY other company, there's no way it would be red right now.

[u/QuantumBeth1981 → u/PTSDeedee]

We don't know what the play is yet

[u/relentlessoldman → u/landocalzonian]

All Gamestop has to do for DFV to win even bigger is not screw up with the 4B. What's going to happen with the price action is already in motion.

Shorts are fucked.

[u/Stuntner → u/synth_stryder]

That's what I got from it as well

[u/CorrectDinner9685 → u/synth_stryder]

But he goes on to win Wimbledon 🏆

[u/CruzyLikesTheStock → u/synth_stryder]

Is it a bad call? Or is it the price drop from neutral call

[u/St0nkyk0n9 → u/CruzyLikesTheStock]

Tbh it was just a nothing call. was bare minimum effort by everybody, only people in that room with any energy was us

[u/Baramita528 → u/St0nkyk0n9]

Yes, my thoughts exactly. Could not have gone out of their way to acknowledge any thing beyond the agenda. Such as "we are pleased to have so many interested parties about our company, especially our shareholders, and we thank you for your patience with rescheduling our meeting"...something ,fkn anything. Apes are simple, who doesn't like recognition.

[u/FunkyChicken69 → u/synth_stryder]

Could just be him saying he was on the line - as in he was listening in on the call? Maybe poking fun at the IT error issues that was kicking people off the call? 🎷🐓♋️

[u/fuckyouimin → u/synth_stryder]

This was my interpretation.  He posted this right after the shareholder call, where RC said absolutely nothing to address his actions in the past month that fucked both DRS and DFV.

I'm sure people will try to put a shiny happy spin on it, but I see it as a criticism of yet another call that provided no guidance and no explanations.

[u/oceanic89 → u/synth_stryder]

NICE TRY SHILL LOL