Phil Colella

a designer in many ways. I enjoy gardening, working out and rollerblading (hence the name)

[Phil Colella @BladeBoyPhil]

@staypredictable This is my last speculative stand. I’m either going to make it or make it here. That’s the kind of patience I have with this situation.

[Phil Colella @BladeBoyPhil]

@teddy__com @ryancohen @grok This is what patience looks like. Bought in heavy beginning in Q2 of 2024. I like my odds from here.

[Phil Colella @BladeBoyPhil]

@staypredictable For real. Rough week. Please God give us a recovery here soon. I can’t weather going below my average, yet again. 🫠

[Phil Colella @BladeBoyPhil]

@buckthebunny 🙏🏻

[Phil Colella @BladeBoyPhil]

@buckthebunny Buck, we need a hero! Come save us in our final hour. 🙏🏻

[Phil Colella @BladeBoyPhil]

@ryancohen Let’s GO!!!

[Phil Colella @BladeBoyPhil]

@larryvc Thank you, Larry, for all the work you guys are doing behind the scenes at GameStop. We stand with you. 4k shares long here!

[Phil Colella @BladeBoyPhil]

Ryan Cohen • Silvia Investor Summit

[Phil Colella @BladeBoyPhil]

@TheRoaringKitty Keith, what a time to be a GME long. We will wait for you. Thank you for all the insight through the years! Grateful. 🙏🏻

[Phil Colella @BladeBoyPhil]

@GoatBeardzDD What a time to be long in GME. “Never been done before in the history of capital markets.”

[Phil Colella @BladeBoyPhil]

@staypredictable Sleeper

[Phil Colella @BladeBoyPhil]

@buckthebunny </3 come back.

[Phil Colella @BladeBoyPhil]

@buckthebunny We miss you Buck! Can you give us a sign of life?

[Goatbeardz @GoatBeardzDD]

The World's New Berkshire Hathaway: Teddy Holdings https://t.co/IJmkcJUBGy

[Goatbeardz @GoatBeardzDD]

My read of what’s happening with $GME currently:

- Cohen said half cash half stock
- eBay rejected
- he said he’d be going directly to the owners
- he asked shareholders to grant him more share authorization to get the deal done
- he said dilution is coming but it will be accretive
- he issues shares by converting 1/3 of the bonds via private placement
- he leaks a rumour that causes eBay to lose the bid premium and mentions vanguard as the largest eBay holder

So what’s going on?

It’s apparent.

Cohen went to the institutions directly, told them the plan.

He goes to the biggest eBay shareholder.

Vanguard - who also owns substantial GME, flips.

They enter the private placement and get shares at $18.

Now an institution that also owns eBay got their stock of $GME already.

1/3 of the convertible overhang is gone.

But why and what’s coming next?

The only reason why he would issue shares this way is because like he said it’s the most accretive.

But if this is the case, then it’s pointing to the setup of a proper cash offer.

Why else would an institution want $GME at $18?

Because they know when the the fully financed tender comes, they will have all the profit.

And Larry Cheng tracking this exact metric right before the bid, after the bonds were setup proves that this was the purpose of Project Rocket the entire time.

[Phil Colella @BladeBoyPhil]

@EdLudlow @BloombergTV @business @ryancohen How quickly does he anticipate the eBay acquisition now that he has the GME share buybacks and dilution authorized to get the deal done? Or at the least, when will he counter offer after the initial rejection he received from the board?

[Phil Colella @BladeBoyPhil]

@Kyl0Z3n @itswooch Accretive dilution.

[Maddie Hatter @HatterMaddie17]

RC dropping F-bombs! 💣
I like it!!! 🤩