Gus Chan

[Gus Chan @Armorrig]

@rnewton7777 They announced Modified Dutch Auction the Monday (6/10/2019) after Q1 earnings (6/4/2019). They released earnings unannounced this time with a buyback program. If they want to punish all these arb traders and everyone else short, a Dutch Auction can set a hard floor.

[Gus Chan @Armorrig]

@USAFDoc3535 @ShaunFitzzzy There’s got to be a reason why they would drop earnings unannounced, probably a week earlier than usual. Unless they forgot to announce last week that they are releasing earnings this week.

[Gus Chan @Armorrig]

@DonRocco24 @ShaunFitzzzy Time to open the present.🎁

[Gus Chan @Armorrig]

@GreenOasisY @ShaunFitzzzy @gamestop They have to buy 10 minutes before close.

[Gus Chan @Armorrig]

@CalculatedFlow @ShaunFitzzzy Why would they cover for next week if there’s a plunge on Monday?

[Gus Chan @Armorrig]

@bcbets22 @ShaunFitzzzy Could bad news be the ebay bid and the 2.5 billion share authorization? Then good news is the Q1 earnings but that was unannounced together with a $2 billion buyback program.

[Gus Chan @Armorrig]

@TDogCali53 @Roaringalpaca4 @ryancohen The thing is, market was driving to all time highs and yet GME did not participate in all that move, it however participates when it is crashing. What a load of bs.

[Gus Chan @Armorrig]

@ShaunFitzzzy @serban_o What 3 or 4 things can send? @TheRoaringKitty if he feels like it. Dutch Auction for buyback, Insiders buying Form4?

[Gus Chan @Armorrig]

@ShaunFitzzzy @serban_o One that can immediately send would be a Modified Dutch Auction tender offer for their buyback. Even $500m to $1B to start. Please @ryancohen this could work to counter this selloff after the greatest earnings in history. Gives a great positive atmosphere heading into July 7.

[Gus Chan @Armorrig]

@GMOSALMON99 @cawcawingcrow @staypredictable They can do the same thing Gamestop did in 2019, a Modified Dutch Auction tender offer. Set a price range for the buyback even for $1Billion and have $1billion left over to do the open market buys after they complete this. This way Can cause price appreciation immediately.

[Gus Chan @Armorrig]

@GMEThesis2 @ChaddSchroy They have until June 11 to file the 10Q.

[Gus Chan @Armorrig]

@CalculatedFlow @ryancohen It looks like the large buys so far total 500,000 shares. 25% of ADV is about 1.9 million shares.

[Gus Chan @Armorrig]

@CalculatedFlow @ryancohen Maybe that's them buying back their shares?

[Gus Chan @Armorrig]

@jake2b @bobdole08923509 Which bond offering?

[Gus Chan @Armorrig]

@Rob_Tedesco11 @jake2b Hopefully Monday pre market with more details about the $2 Billion buyback program and the 2.5 Billion share authorization up for vote.

[Gus Chan @Armorrig]

@TheAfflixion The 2.5B authorization doesn’t need to be used right away, maybe as well as the $2B buyback. If they deem their stock valuable and believe that it is undervalued now, they can start buying back. The some of the 2.5B could be used for the half stock for acquisition.

[Gus Chan @Armorrig]

@WhatCanIMT Which year of April?

[Gus Chan @Armorrig]

@Furu_Bartuc @ryancohen @gamestop Most likely starting tomorrow? For some reason they wait to buy on the 2nd trading day after earnings release.

[Gus Chan @Armorrig]

@Kidsmealstudios @ryancohen can announce use of AI to buyback shares of GME.

[Gus Chan @Armorrig]

@HeroAssange They can only buy about 25% of average daily volume. It will be slow but the buying pressure could still cause some price appreciation. Get share price high enough for when the 2.5 Billion authorization gets approved then can start selling at a higher price point.