Chickie

[Chickie @King_Chickie]

Looking at what @gamestop ($GME), @ryancohen, and the team have done since 2021 is so sexy.

ATM Share Sales (Equity Raises at Strong Prices)
• 2021:
• Apr: 3.5M shares @ ~$157.43 → $551M
• Jun: 5M shares @ ~$225.20 → $1.126B
Total 2021: ~8.5M shares, $1.677B
• 2024:
• May: 45M shares @ ~$20.74 → $933M
• Jun: 75M shares @ ~$28.49 → $2.137B
• Sep: 20M shares @ ~$20.00 → $400M
Total 2024: 140M shares, $3.47B

Convertibles (Project Rocket)
• Mar/Apr 2025: $1.5B 0% Notes due 2030 (~$29.85 conv. price)
• Jun 2025: $2.25B 0% Notes due 2032 (~$28.91 conv. price)
Total: ~$3.75B+ at 0% coupon

Warrants
• Sep/Oct 2025: ~59M warrants distributed (1 per 10 shares) @ $32 exercise price.
Potential ~$1.9B proceeds.

eBay Play (Project Sling)
• 2025/2026: Built ~7.78% stake in eBay.
• May 2026: Unsolicited $55.5–56B bid at $125/share (half cash, half stock).

Key Highlights
• Purchased 4,710 Bitcoin in May 2025 (~$513M at time of purchase) as treasury reserve asset.
• Delivered record FY2025 (ended Jan 2026): $418.4M net income (highest full-year in company history, +219% YoY).
• Launched @powerpacks (digital/physical PSA graded trading card platform) in 2026.
• Record Q1 2026 earnings: $389.6M net income (highest quarterly in company history), with collectibles revenue at $348.9M (41.8% of revenue, +65% YoY).
• June 2, 2026: Approved $2B share buyback program (through 2029).

Fortress balance sheet built with high-price ATMs, 0% convertibles, warrants, smart positioning, strong earnings, BTC treasury, and a fresh buyback authorization.

Can't wait to see what happens next! Did I get it all? Anything I missed?

[Chickie @King_Chickie]

@ClashRoyale Forest Gang!

[Chickie @King_Chickie]

$EBAY has spent ~$6.2 Billion of shareholder money buying back its own stock since 2024.

In the same period, executives sold ~$64 Million of shares, while putting $0 of their own money into buying any.

If buybacks are such a great use of capital, why aren’t the insiders buying any themselves?

[Chickie @King_Chickie]

Everyone is talking about $EBAY $2.4B marketing spend. Rightfully so.

But take a look at the quieter $1.2B in G&A, where the high-priced consultants and corporate overhead quietly hide.

How much of that $1.2B went to expensive, low-value consulting firms and wasteful “professional services”?

Time to cut the waste and demand real change.

[Chickie @King_Chickie]

@aki_cheta It's time for a change!

[Akecheta @aki_cheta]

Current $EBAY Board Chairman, Paul Pressler, has a recurring history for steering retail companies into disasters while he was at PE giant CD&R (Clayton, Dubilier & Rice).

His incompetence in 3 examples:
1. Before CD&R, Pressler was Gap CEO (2002-2007) and resigns in Jan 2007 after a full year sales in 2006 plunged 33%.

2. In 2012, CD&R bought David’s Bridal for $1.05 billion in a classic leveraged buyout (LBO), getting himself installed as chairman. He also stepped in as CEO in 2016. Buckling under heavy debt from the LBO and sales sagging, S&P/Moody's downgraded the debt of the company to junk status. He steps down as CEO in May 2018 yet stays on as chairman. David's Bridal files for bankruptcy Ch.11 in Nov 2018. And ch11 again in 2023.

3. Revlon files for bankruptcy in 2022 amid crushing debt load, when it reemerges in May 2023, Pressler is appointed to the new board of Revlon Holdings.

$EBAY is a household name and the 2nd largest retail e-commerce platform in America. Pressler is a seasoned CD&R executive that is brought in to destroy great American brands, he is clearly one of the worst executives. Vote him out during the $EBAY shareholder vote on June 17th.

[Chickie @King_Chickie]

$EBAY spent $2.4 Billion on marketing last year. What if that budget went directly to sellers instead?

→ Much lower fees.
More sellers join the platform.
The marketplace grows.
Buyers win too.

Sellers are the backbone, not the bloated marketing department.

Time for real change.

[Chickie @King_Chickie]

What the fax?! I guess faxing isn’t dead 🤷‍♂️ Use Dropbox Fax by @DropboxSign to send and receive faxes from anywhere. #DropboxFax https://t.co/Dq55MejuAr

[Chickie @King_Chickie]

@PerkyTank @gamestop @modretro @buckthebunny Wow. @PerkyTank is the undisputed GOAT!

[PerkyTank @PerkyTank]

Buck Game Nightmare Mode 101% Completion

They called it Nightmare. Turns out, I'm the beast. 😈

@gamestop @modretro @buckthebunny

[Wen Moon Capital @WenMoonCap]

$GME executive leadership understands capital efficiency, this is why they prioritized the bottom line. TTM free cash flow is now a historical high.
#GameStop

[Chickie @King_Chickie]

@PerkyTank @gamestop @PSAcard Another world first by Perky! Incredible collection. Congrats!

[PerkyTank @PerkyTank]

My collection is COMPLETE

Every @gamestop-Stamped Pokemon card up to Destined Rivals.

Most EN cards were bought from GameStop's @PSAcard market.

All FR cards were graded via GameStop. Some are POP 1.

This is the world's first collection of its kind. Power to the COLLECTORS!

[Chickie @King_Chickie]

@PerkyTank @modretro @gamestop @buckthebunny Incredible! Perky is the undisputed Buck & the Cursed Cartridge GOAT! 🐐 💯➕️1️⃣

[PerkyTank @PerkyTank]

Can I get 101% Store Credit for this 🏆?

WORLD'S FIRST 101% Hardcore Mode 0 DEATHS in Buck and the Cursed Cartridge! 🐇🎮

@modretro @gamestop @buckthebunny #101club

[PerkyTank @PerkyTank]

I do Hardcore now.

wen 101%?? 👀

[Chickie @King_Chickie]

@PerkyTank @modretro @gamestop @playinstinct @buckthebunny Amazing!

[Chickie @King_Chickie]

@5280Ape @markusen @gamestop @PSAcard My understanding is that it's the actual PSA vault behind the scenes with just a very user friendly GME skin on top of it.

[Chickie @King_Chickie]

Just spent a very fun 2 hours opening @gamestop Power Packs. The integration with @PSAcard was seamless. Started with 3, ended up opening 13 in total, sold 11 back to immediate offers. My best pull? A PSA 8, 1999 Base Charizard from a Gold Pack! Sent it right to the vault.

[Chickie @King_Chickie]

@5280Ape @markusen @gamestop @PSAcard You can send cards for grading to @PSAcard and request they be sent to the vault instead of mailed back to you.

[Chickie @King_Chickie]

@GMEPOWERRANGER @GameStopEcho @gamestop @PSAcard