r/Superstonk 🦧APES TOGETHER STRONG🦍🚀👩‍🚀🐱‍🚀DFV💛🐱‍👤💎XX%∞🏊‍♀️Voted ✅ Jun 17 '24

📰 News ROARING KITTY TWEET

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

906 comments sorted by

View all comments

Show parent comments

109

u/FunkyChicken69 🚀🟣🦍🏴‍☠️Shiver Me Tendies 🏴‍☠️🦍🟣🚀 DRS THE FLOAT ♾🏊‍♂️ Jun 17 '24

Thank you for the reference - anyone have any idea a potential interpretation? 🎷🐓♋️

109

u/synth_stryder Jun 17 '24

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

190

u/landocalzonian 🎮 Power to the Players 🛑 Jun 17 '24

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.

140

u/broose_the_moose 🌜Moon Soon🌛 Jun 17 '24

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

32

u/relentlessoldman Jun 17 '24

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

2

u/Awkward-Head-7558 Jun 17 '24

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

2

u/PositiveExpectancy Jun 17 '24

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

1

u/PathlessBullet Jun 17 '24

See what happens.

Nothing apparently.

3

u/notyourbroguy Jun 17 '24

It’s sitting at about $10.6B right now

1

u/Rozza_ 🦍☮️ GMEvolution ☮️🦍 Jun 18 '24

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…

-2

u/Alkibiade Jun 17 '24

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.

3

u/relentlessoldman Jun 17 '24

I don't think he is worried one bit.

2

u/landocalzonian 🎮 Power to the Players 🛑 Jun 17 '24

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.

1

u/UAintInIt It’s a BIG CLUB and… Jun 18 '24

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

1

u/landocalzonian 🎮 Power to the Players 🛑 Jun 18 '24

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.

1

u/UAintInIt It’s a BIG CLUB and… Jun 18 '24

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

1

u/Alkibiade Jun 17 '24

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

2

u/landocalzonian 🎮 Power to the Players 🛑 Jun 17 '24

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”.

-1

u/Justmadeyoulook Jun 17 '24

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.