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4 months ago

My speculation why $GME might be part of a bigger plan (DK Butterfly , $Teddy , etc ) : (Quick reminder: $BBBY entered Ch11 on April 23, 2023 > traded on OTC > and was fully delisted on September 29, 2023) A) GME Investment activity August 2022 – GME starts investing excess cash. "In August 2022, the Company opened investment portfolios consisting of U.S. government treasury notes and bills in an aggregateamount of $250.0 million" "Our cash and cash equivalents are carried at fair value and consist primarily of U.S. government bonds and notes, money marketfunds, cash deposits with commercial banks, and highly rated direct short-term instruments that mature in 90 days or less." Q1 2023 (Apr 29, 2023) – They report a $0.9M loss on these investments. Q2 2023 (Jul 29, 2023) – They report an additional $0.1M loss (total $1.0M) Q3 2023 (Oct 28, 2023) – Suddenly: “There were no sales of U.S. government securities during the three months ended October 28, 2023.” At the start they were trading these investments within quarters and taking losses. Makes you ask… was this really just treasury management, some bad decisions ? or a way to hide something bigger? B) What’s also weird is how this “side” business shows up during the exact same period $BBBYQ was in process. The big question is how cash reserves dropped so much during 2023. Especially during Jan - July they spent it just running the business…? C) The “famous sentence” appears (and then disappears) In the Q3 2023 (Oct 28) report, they add this line: This explanation later shows up only in annual report. Not in subsequent quarterlies (!) This comes right after BBBYQ was delisted (Sep 29, 2023) ! D) Leadership changes — coincidence or alignment? June 5, 2023 – CEO Matthew Furlong terminated without cause July 21, 2023 – CFO Diana Saadeh-Jajeh resigns (effective Aug 11) Can it be related? Didn’t want to be involved? Different risk tolerance? Or just a strategic reset? Then shortly after: Sep 27, 2023 – @ryancohen becomes CEO, President, and Chairman Now everything is in the hands of RC and his trusted board members (yes — ex Chewy gang ) E) Now look at today. RC’s comp package needs $100B market cap and $10B EBITDA. That’s not accidental. How do you get there without something big planned? And remember his quote about shorts having to cover? " ...If things work out then they got to cover. So let them short" I think GME might actually be part of a Grand Plan. Imagine if BBBYQ fraud payout ends up being xx billions — and GME is connected in any way… the floor price explodes immediately. Shorts would know that price is never coming back → they cover. Retail buys. Institutions buy. No way back. P.S. I don’t know if this is related to HBC or buying through a proxy during OTC, but it’s definitely provocative 🙂

AceWindman's tweet photo. My speculation why $GME might be part of a bigger plan (DK Butterfly , $Teddy , etc ) :

(Quick reminder: $BBBY entered Ch11 on April 23, 2023 > traded on OTC > and was fully delisted on September 29, 2023)

A) GME Investment activity
August 2022 – GME starts investing excess cash.

"In August 2022, the Company opened investment portfolios consisting of U.S. government treasury notes and bills in an aggregateamount of $250.0 million"

"Our cash and cash equivalents are carried at fair value and consist primarily of U.S. government bonds and notes, money marketfunds, cash deposits with commercial banks, and highly rated direct short-term instruments that mature in 90 days or less."

Q1 2023 (Apr 29, 2023) – They report a $0.9M loss on these investments.
Q2 2023 (Jul 29, 2023) – They report an additional $0.1M loss (total $1.0M)
Q3 2023 (Oct 28, 2023) – Suddenly:
“There were no sales of U.S. government securities during the three months ended October 28, 2023.”

At the start they were trading these investments within quarters and taking losses.
Makes you ask… was this really just treasury management, some bad decisions ? or a way to hide something bigger?

B) What’s also weird is how this “side” business shows up during the exact same period $BBBYQ was in process.
The big question is how cash reserves dropped so much during 2023. Especially during Jan - July
they spent it just running the business…?

C) The “famous sentence” appears (and then disappears)
In the Q3 2023 (Oct 28) report, they add this line:
This explanation later shows up only in annual report.
Not in subsequent quarterlies (!)
This comes right after BBBYQ was delisted (Sep 29, 2023) !

D) Leadership changes — coincidence or alignment?

June 5, 2023 – CEO Matthew Furlong terminated without cause

July 21, 2023 – CFO Diana Saadeh-Jajeh resigns (effective Aug 11)

Can it be related?
Didn’t want to be involved?
Different risk tolerance?
Or just a strategic reset?

Then shortly after:

Sep 27, 2023 – @ryancohen becomes CEO, President, and Chairman

Now everything is in the hands of RC and his trusted board members (yes — ex Chewy gang )

E) Now look at today. RC’s comp package needs $100B market cap and $10B EBITDA.
That’s not accidental. How do you get there without something big planned?

And remember his quote about shorts having to cover?
" ...If things work out then they got to cover. So let them short"

I think GME might actually be part of a Grand Plan.
Imagine if BBBYQ fraud payout ends up being xx billions — and GME is connected in any way…
the floor price explodes immediately.
Shorts would know that price is never coming back → they cover.
Retail buys. Institutions buy.
No way back.

P.S. I don’t know if this is related to HBC or buying through a proxy during OTC, but it’s definitely provocative 🙂

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