@WallStreetApes I’m convinced that when our government goes after organized crime they don’t do it to take criminals off the streets.
They do it to take out their competition.
This is the truth about who benefits from your tax dollars
- $115 million dollars PER HOUR is lost to fraud
- That’s $1 trillion year, all stolen with fraud
This isn’t a conspiracy theory, this is from the Government Accountability Office
Senator Josh Hawley says the money is going to luxury items, terrorism, child trafficking and drugs
Here’s the thing, they are exploiting our outdated government systems, this is exactly what Elon Musk says needed to be fixed and replaced to stop the fraud
“They take advantage of antiquated government systems and processes. They go into programs that they know elected and appointed officials won't touch, and they can steal at scale. They learned a really valuable lesson: government never runs out of money. The probability of getting caught is virtually zero.”
Read that again, the probability of getting caught is ZERO
Criminal networks use stolen identities, synthetic IDs and scale via outdated technology
This is highly organized
@Jalonlv7a@JohnnyAmericani https://t.co/ZtqN4urlv3
classic Nigerish mentality right here.
Y'all pretend to be everything but in reality your broke 24/7
@Babyscarz23@JohnnyAmericani no it's not. Call a spade a spade.
3% of the population caused 60% of violent crimes.
If whites were as violent as your degenerate culture. Y'all wouldn't live in the United States
TEDDY TUESDAY WHEN?
I don’t like date predictions. They’re futile. An expert operator builds every step with optionality.
But the calendar @ryancohen has built has a gap in it that only one event fits.
I’m looking out for it so I thought I’d share.
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This didn’t start in May. Derivatives began accumulating February 4.
https://t.co/jWuPImmRaD was trademarked for “online marketplace” on March 2.
The bid letter on May 3 was the HSR vehicle as you can’t file HSR without bona fide intent.
The rejection was irrelevant. He couldn’t convert anything during the waiting period anyway.
May 3 through May 29, a daily pressure campaign. 13Ds, 425s, interviews, public attacks. Maximum noise, all clock-running.
HSR was the constraint.
——————
June 2. Earnings drop a week early. $2B buyback. That same night, https://t.co/cjwOvO6VdH goes dark for the first time ever.
June 3. HSR clears.
June 5. 13D: 827,648 direct shares. ~$91M. 9%. HSR clearance unveiled.
Talk converted to action.
——————
Now look at the gaps.
The 10-Q is due by June 11. It covers the quarter where the bid, the HCL, and HSR all happened.
Subsequent Events carries everything material.
June 17, eBay’s AGM. Proposal 4: lower the special meeting threshold from 20% to 10%.
A 10% shareholder can call a special meeting.
Then two and a half weeks of nothing before the $GME AGM on July 7.
Cohen created this gap by pushing his own meeting from early June to July. $EBAY does not have a classified board.
If Proposal 4 passes and Cohen crosses 10%, one special meeting, one full slate, one vote.
And he just upped his stake to 9%.
——————
Every gap makes sense if one thing is coming.
And only one thing.
Every objection in eBay’s rejection, financing, leverage, governance, is an objection to GameStop being the acquirer. Not the price. Not the strategy. The entity.
A holding company changes the entity. The SWF has a vehicle. The TD letter activates under holdco credit. The 2.5B shares become acquisition currency. The comp to $100B has a home. The buyback is float reduction before conversion. None of this makes sense for a retailer. All of it makes sense for a holdco.
Cohen told the WSJ he’s building Berkshire Hathaway. Berkshire is a holding company.
It’s the only structure that resolves every open question.
——————
So how does one get created?
Under Delaware §251(g), a company can reorganize under a new parent without a shareholder vote. 1:1 share conversion. Board votes internally, files with Delaware, 8-K hits EDGAR.
Google did it when it created Alphabet.
Announced overnight on a brand new website.
Cohen owns https://t.co/cjwOvO6VdH. Trademarked for an online marketplace two months before the bid.
Taken down the night before early earnings.
——————
So when?
In the Barron’s interview, Cohen said “this will be resolved by shareholders.”
He wasn’t talking about $GME shareholders because that vote is locked. He was talking about $EBAY shareholders.
And eBay’s shareholders are 90% institutional.
If the holdco is announced Tuesday June 9 after close, institutions have five full business days to revoke and resubmit their Proposal 4 votes before the deadline locks on June 16.
The 10-Q can drop alongside or around it.
The case for voting NO collapses.
The activist is no longer a video game retailer but a holding company with $9.7B in cash, HSR clearance, 9% in real voting shares, and a structure that resolves every objection eBay cited. The bid isn’t from $GME anymore. That’s what changes every vote.
June 9th is an ideal date to give institutions enough time to flip. And June 9th is a Tuesday morning.
And if you know Cohen, you know he wouldn’t pass up 6/9, especially when Wikipedia is free.
Not a prediction, but dates I’m watching.