Netcrawl

Internet investigations

Not a financial advisor, NFA.

[Netcrawl @NetCrawI]

There's like the tiniest chance. And that's good enough for me. @TheRoaringKitty

[Netcrawl @NetCrawI]

@___M_Bison___

[Netcrawl @NetCrawI]

The ol knight forkcopter.

Guess my elo

[The White House @WhiteHouse]

"I am appointing the Director of the Federal Housing Finance Agency, and Chairman of Fannie Mae/Freddie Mac, William J. Pulte, to serve as Acting Director of National Intelligence." - President Donald J. Trump

Congratulations to Director Pulte! 🇺🇸

[Marcus Pittman @ImKingGinger]

Woah Buddy! Insane LEGO Corruption!

The American Fork Police Department just "accidentally" released 50gb of unredacted Body Cam footage reguarding Reckless Ben and Bricks and Minifigs, but deleted it to late before the internet grabbed them.

In the media dump the Joshua Johnson asks to see the legal court papers but the officer refuses to show it to him because it would count as a legal service and says it would "place him in a bind"

This police department, Joshua Johnson and Ammon McNeff are all toast. I've never seen the internet unanimously come together in unison on anything like this in my life.

[greg @greg16676935420]

When was the last time someone successfully robbed a bank? Feel like that’s the worst place to rob nowadays

[Pulte @pulte]

Watch

The world will slowly get used to having to talk about GameStop in a different light

First it will appear on twitter this way

Then it will change on cnbc

Once it hits cnbc you will know RC is in full stride $GME

[Pulte @pulte]

RYAN FUCKIN COHEN

[Cassandra Unchained @michaeljburry]

Shorting is a world filled with slippery slopes and sand castles. The sand castles are real, and vulnerable, but the slippery slopes drive men insane and ultimately prevent most from being properly positioned when the castle is washed away.

[GameStop Power Packs @powerpacks]

Two teams. One pack. Legends and stars from New York and San Antonio, now live for a limited time.

[Pulte @pulte]

Audit the @The_DTCC

[Netcrawl @NetCrawI]

@AustinTobitt @TheRoaringKitty Cheers 🍻

[Larry Cheng @larryvc]

I had a funny convo last week with the global practice head for board searches at a top exec search firm. They do ~400 public co board searches a year.

I told him how at GameStop, none of the board members or CEO are paid cash or equity.

He said, "So you grant options?"

I said, "No, the stock board members and the CEO get come from purchasing stock just like any other shareholder."

He said, "So you grant restricted stock units?"

I said, "No, we don't grant any equity and don't pay any cash. We believe this aligns our interest with shareholders."

He said, "What?!"

Out of the thousands of public co board searches his firm had done, they had never done one with no cash or equity comp - it blew his mind.

To my knowledge, only Berkshire Hathaway and GameStop have no comp for the board. If there are others, let me know.

This comp structure should be more common as it really does foster alignment with shareholders.

$GME

[F.A. United States Attorney Bill Essayli @USAttyEssayli]

Short selling is not a crime. Mr. Left was convicted of fraudulently manipulating the market, not for ordinary short selling. He used his reputation and public platform to artificially manipulate the market through misleading statements published in the public domain. Retail investors relied on and invested in positions based on Mr. Left’s representations, to their detriment.

Ordinary and lawful short selling involves truthful and good faith research on a stock, but this is not what Mr. Left did. He made misleading statements to move the stock so that he could quickly trade on it for his gain. In essence, he cheated.

There was overwhelming evidence that this was not ordinary trading, but a strategy designed to take quick profits through social media posts motivated by his desire to make a quick buck. That is fraud.

[Bradley @buythefukndip]

So theoretically if $GME initiates a $2B share buyback at the bottom & price then goes above $32…

Warrants get exercised & the company raises $1.9B back? But issues less new shares than they bought back?

I sure would hate to be short right about now 😈

[Sanders Parker @FamousVariety]

So in the last ~48 hours:

✅ https://t.co/LCUMbBv4aC is replaced with "Opening soon."
✅ Bill Pulte became Acting National Director of Intelligence.
✅ $GME dropped earnings early without a formal announcement.
✅ $GME announced their most profitable quarter in company history, as well as share buybacks.

What's next? 👀

[JACKIE LE' TITS 👑🌈 @Comedyorwat]

Imagine that's your bad news early

That's scary

[rnewton @rnewton7777]

Where to start.

Well I think this might be the most significant earnings report in GameStop history.

There are so many headline numbers of high importance. How do I rank them.

#1 Revenue beat and increase YoY. This can finally be crossed off the bear thesis side of the sheet for whoever still maintains it. On fewer stores than ever. Incredible turn.

#2 Margin. No scratch that - UPDATED THE SHARE REPURCHASE AUTHORIZATION TO $2 BILLION. LET'S GO. Almost 3.5 years ago I asked the board for this. And while, yes, we did sell shares two years ago at $20, we can afford to start buying back shares now, because...

#3 $389.6m in net income for the quarter. Extrapolate that out. GameStop can make $1.6b a year now. That new share repurchase authorization? Paid for in 5 quarters. This is how the story began, the large share repurchase in 2019. Maybe this story just starts over again right here this year.

#4 $143.3m in operating income. OPERATING INCOME. That means not only is the inner shell of the company (cash) expanding, but the second level (operation) is expanding and could soon break out with a new multiple as margin grows and TTM EPS grows. This is very good news for the quarters to come.

Excited to see the 10Q. Hope you all have a great evening. Let's go GameStop!

[Netcrawl @NetCrawI]

@iamrpk I like you most of the time but not right now

[eBuck @activistJ741]

Here is the Lego collection in question
Imagine having this stolen from you after signing a consignment contract!
Give the Legos back or pay the man. #Legoheist