I spoke to Mitch McConnell this morning. We talked for almost 20 minutes about Life, Politics, his CCP spy wife that fled to China as soon as he was declared brain dead, and even a little bit of Senate history. I told him we want to see him back at work as soon as possible. He didn't respond BECAUSE HE'S FUCKING BRAIN DEAD!!!
GameStop's shareholder meeting was all business.
It accomplished what it needed to in re-electing board members Ryan Cohen, Larry Cheng, Nat Turner, Alain Attal and Jim Grube.
In addition, and the biggest piece of news to come out of it, was the passing vote of the increased authorized share count to 2.5 billion.
This has major implications for the likelihood of $GME's eBay acquisition, which just became more likely with that news.
Bears will scream potential DILUTION, where bulls see a transformative opportunity on the horizon. Not to mention, the fundamental turnaround of the company which was highlighted by Mark Robinson.
Bullish.
They are not selling the new ability to the open market. They are going to M&A EBay with half cash half stock. They will never issue all these shares. They have to keep a trove in the Company Treasury to defend against any hostile take over or ability to sell some into a big rise in price for further balance sheet strengthening like the past 9 billion windfalls.
I could not be happier as an investor in @ryancohen. Invested since Feb 2021 and DRS since Aug 2021. Invested in Ryan, not the old company. Not going anywhere!
$GME
@ryancohen@imbah4m Seriously dude. Would you consider signed Teddy books in return for charity hospital donations with your loyal 5+ year DRS investors out here?