Slyme

Motorsport Engineer/Wiring Specislist

[Alex Thompson @sierrastrades]

$GME Every GameStop investor right now

🌊🌊🌊

[DirtΞvader @dirtevader]

So sneaky too. The S-4 even let the secret be known since November of 2022. “Business Combination” in the description of the link for that filing. 😲

[Slyme @Terry_Slyme]

@larryvc @RoaringSensei Thank you for trusting in Ryan Cohen’s vision and being the “yes” when other financiers doubted or discredited his thesis to create and dominate the market with Chewy.

Look at where you guys are today. Truly remarkable!

[bad robot ventures @foxenflask]

If you’re referencing the drop in revenue that $GME announced for Q2 26’ due to French store closures and Switch 2 coming out last year Q2, then this is a great example of how boomers only read headlines and then spread misinformation. Or perhaps how @FoxNews blatantly spreads misinformation to manipulate markets.

Cause in reality, their operating income increased to $150-170M this quarter compared to $66.4M in Q2 25’, net income increased to $290-300M this quarter compared to $168.6M in Q2 25’. Their trailing twelve month they have now made ~$1.06B total net income on around ~$3.7B revenue. Your criticism prior was that the legacy business unit selling video games and collectibles had a limited ceiling. Ryan agreed with you and pivoted the business to streamlining GameStop and focusing on capital allocation and investing as a primary focus. Should I go over the performance from the investment arm too?

Honestly, the @SECGov should investigate you and @FoxNews for market manipulation.

[Salvatore Linteum @PhantomBlack699]

So GameStop just terminated the 35 day pricing window to end around September 3rd, much earlier and most importantly

Just before the next $GME earnings expected on 9/9 👀

Will we see the eBay presentation drop post market Friday?

[bad robot ventures @foxenflask]

Ryan Cohen is currently holding material non public information and $GME is currently in the midst of a transformational acquisition. These are not opinions. This is objective reality.

GameStop stated in January they want to grow the market cap from where it is today to ~$100B in less than 10 years. The organic growth ceiling from the legacy business is limited in this context.

Thus the fastest way to achieve that goal is inorganic growth, through M&A. And this first one is really big, and will work in getting GameStop more than half of the way there instantly.

[Salvatore Linteum @PhantomBlack699]

https://t.co/NP923Wp6Vm 👀

The e-commerce side of Teddy is being prepared, this makes those refreshed Teddy marketplace trademarks look ready to receive a Statement Of Use soon

[Slyme @Terry_Slyme]

@magsonthemoon I’m not sure, I need to look into these points further for confirmation. Saw it at quick glance this morning and caught my attention as an extreme outlier. Thanks for your thoughts Mags, I’ll do some more digging.

[Slyme @Terry_Slyme]

May 21 2026 order book showing bought/sold GME warrants for $251.75?! Have not seen any discussion on this May pricing.

Haven’t seen this before, just bought more data access yesterday through IBKR so I was able to see more pricing/history on the warrants through my account. @Malone_Wealth had posted yesterday on the 25th/26th pricing that caught my attention to this topic.

This makes this months 25th/26th pricing from $8-$15.05 look like rookie numbers.

Thoughts anyone? @ThePPseedsShow @PhantomBlack699 @seymourbutts741 @DominosJack @jake2b @magsonthemoon @yonderbeing

[Salvatore Linteum @PhantomBlack699]

Two identical warrants issued within days of each other, both surging at the same time

Both rare forms of issuance at the time, probably five times ever before that

Both similar dates expiration dates and structure

Both companies Ryan Cohen has held a large position in.

[Slyme @Terry_Slyme]

@rnewton7777 Check this out. GME warrants pricing at 4AM for the 25th/26th. Keeping an eye to see if this pattern of erratic pricing at odd hours continues.

[Slyme @Terry_Slyme]

@Malone_Wealth Very interesting to see both instances printing $ 8.575 and $ 15.05 on the 4AM candle. Thanks for pointing this out man!

[Slyme @Terry_Slyme]

DK-Butterfly-1 is the litigation entity and will cease to exist once all claims associated with that entity are taken care of. I don’t believe this entity is in any position to actively invest, its sole purpose was structured to handle litigation matters and is set up to be extinguished once it fulfills its role in court.

DK-Butterfly (no number) is the valuable entity with the NOLs/assets selected and structured into it.

The legacy BBBY bonds were changed to DKBFLY(no number) recently and that immediately stood out as very significant to me. The bonds were not updated to DKBFLY-1.

Going off the top of my head here citing conversations I can recall from Jake, Sal, ABC, Sunny, and many others who have had great discussions on the distinctive differences between these two separate entities.

[Salvatore Linteum @PhantomBlack699]

Gustavo Arnal's corporate actions before suicide

Gustavo was concerned that Ryan Cohen used JPMorgan to sell his shares

JPMorgan had control over the company through a toxic ABL that also controlled directors

JPMorgan's GLOBAL head of M&A wanted to know how the board would deal with Ryan Cohen

The securities lawsuit was frivolous and his pre-planned sale would have dismissed the allegations

Within 48 hours of signing the most senior debt to Sixth Street, above JPMorgan in the event of bankruptcy, Gustavo performed an actual death spiral

[jake2b @jake2b]

details matter, especially when it comes to legal documents. so why had the “in full and final satisfaction” been intentionally removed from Class 9 recovery when the voting version of the $BBBYQ Plan was filed? :o

p.s. it wasn't removed for Class 6, no typos here.

[AvailableWerewolf600 @driver61d1]

@CGasparino Can you ask your boys Doug Cifu & Vincent Viola if the allegations of them diverting $400 million away from Virtu investors to enrich themselves is true?

Surely a "real" journalist cares about the truth and wouldn't run defense? 🤣
https://t.co/C1lmJZrjWE

[jake2b @jake2b]

tl;dr: it is the only way a guarantor makes sense to me.

I’m glad that you asked and I had never considered it until July 20 when a guarantor showed up on the bond listings. I had always been of the belief that the bondholder recovery would be cash-based because that was how it was outlined in the Plan. it was also my opinion (emphasis, opinion!) that if you were the acquirer you would not be inclined to give the bondholders equity of the NewCo because of how unsupportive and adversarial they were in voting against the Plan. in hindsight, maybe the two happened in the opposite order and the decision was made before the votes were seen, but who knows.

the guarantor made me reconsider a lot of my prior thinking because:
• if their recovery was only cash there would be no guarantor because waterfall provisions in the Plan would be the source of their payout;
• if the recovery was to be equity, there is no need for a guarantor either because equity is never financially backstopped with any guarantees; it is full downside risk for unlimited upside potential. what even would be guaranteed in an equity scenario?

so in trying to find where this new piece of information belongs in the puzzle I started by asking how would a guarantor enter the picture? well as it turns out a guarantor in the context of bonds is a very specific thing:

“a guarantor is a third party—such as a parent company, financial institution, or government body—that legally promises to pay the bond's interest and principal if the primary issuer fails to pay.” that is from investopedia.

that made me realize that there could be a debt-to-debt conversion because it is the only outcome that logically follows that definition. conveniently at the same time they were renamed from BBBY to DKBFLY (not -1!) which is a really important distinction, the indentures now have fiscal 2026 added to them (why?) and the best question of all, why now? unless there is a purpose behind it (I think dismissing the guarantor as a mistake or error is lazy).

$BBBYQ

[Salvatore Linteum @PhantomBlack699]

The only relevant information to the timing of the bond "ticker" change to me seems to be the issue date of the bonds being in August, however the point remains why now?

Why weren't the bonds renamed when the new BBBY assumed the former corporate identity, why did guarantor show now?

Why did some brokers show the prospectus for Fannie Mae? What upstream data source provided this information? Glitch or mechanical plumbing?

It's not over until the laughing space 🗣️