🏴‍☠️FR334TR3D1S

Husband, father, Christian, USMC veteran, investor, gamer, and nerd. nothing I say is financial advice

[Salvatore Linteum @PhantomBlack699]

The next range of products to go on https://t.co/PqyjDmt0EZ may be

Crayons
Bandanas
Cat toys
New books
Socks

Whatever else we can use as tin foil for another few years 😎

[Goatbeardz @GoatBeardzDD]

TEDDY TUESDAY WHEN?

I don’t like date predictions. They’re futile. An expert operator builds every step with optionality.

But the calendar @ryancohen has built has a gap in it that only one event fits.

I’m looking out for it so I thought I’d share.

————

This didn’t start in May. Derivatives began accumulating February 4.

https://t.co/jWuPImmRaD was trademarked for “online marketplace” on March 2.

The bid letter on May 3 was the HSR vehicle as you can’t file HSR without bona fide intent.

The rejection was irrelevant. He couldn’t convert anything during the waiting period anyway.

May 3 through May 29, a daily pressure campaign. 13Ds, 425s, interviews, public attacks. Maximum noise, all clock-running.

HSR was the constraint.

——————

June 2. Earnings drop a week early. $2B buyback. That same night, https://t.co/cjwOvO6VdH goes dark for the first time ever.

June 3. HSR clears.

June 5. 13D: 827,648 direct shares. ~$91M. 9%. HSR clearance unveiled.

Talk converted to action.

——————

Now look at the gaps.

The 10-Q is due by June 11. It covers the quarter where the bid, the HCL, and HSR all happened.

Subsequent Events carries everything material.

June 17, eBay’s AGM. Proposal 4: lower the special meeting threshold from 20% to 10%.

A 10% shareholder can call a special meeting.

Then two and a half weeks of nothing before the $GME AGM on July 7.

Cohen created this gap by pushing his own meeting from early June to July. $EBAY does not have a classified board.

If Proposal 4 passes and Cohen crosses 10%, one special meeting, one full slate, one vote.

And he just upped his stake to 9%.

——————

Every gap makes sense if one thing is coming.

And only one thing.

Every objection in eBay’s rejection, financing, leverage, governance, is an objection to GameStop being the acquirer. Not the price. Not the strategy. The entity.

A holding company changes the entity. The SWF has a vehicle. The TD letter activates under holdco credit. The 2.5B shares become acquisition currency. The comp to $100B has a home. The buyback is float reduction before conversion. None of this makes sense for a retailer. All of it makes sense for a holdco.

Cohen told the WSJ he’s building Berkshire Hathaway. Berkshire is a holding company.

It’s the only structure that resolves every open question.

——————

So how does one get created?

Under Delaware §251(g), a company can reorganize under a new parent without a shareholder vote. 1:1 share conversion. Board votes internally, files with Delaware, 8-K hits EDGAR.

Google did it when it created Alphabet.

Announced overnight on a brand new website.

Cohen owns https://t.co/cjwOvO6VdH. Trademarked for an online marketplace two months before the bid.

Taken down the night before early earnings.

——————

So when?

In the Barron’s interview, Cohen said “this will be resolved by shareholders.”

He wasn’t talking about $GME shareholders because that vote is locked. He was talking about $EBAY shareholders.

And eBay’s shareholders are 90% institutional.

If the holdco is announced Tuesday June 9 after close, institutions have five full business days to revoke and resubmit their Proposal 4 votes before the deadline locks on June 16.

The 10-Q can drop alongside or around it.

The case for voting NO collapses.

The activist is no longer a video game retailer but a holding company with $9.7B in cash, HSR clearance, 9% in real voting shares, and a structure that resolves every objection eBay cited. The bid isn’t from $GME anymore. That’s what changes every vote.

June 9th is an ideal date to give institutions enough time to flip. And June 9th is a Tuesday morning.

And if you know Cohen, you know he wouldn’t pass up 6/9, especially when Wikipedia is free.

Not a prediction, but dates I’m watching.

[rnewton @rnewton7777]

For folks learning,

PE Ratio means Price / Earnings
$21.80 / 1.34 (earnings per share last 4 quarters together) = 16.27

Which means it would take 16.27 years for the company to earn as much money as the shares currently trade for.

When companies have a low PE that means they are priced cheaply relative to their earnings. Which is why I was buying Best Buy sub 60 when it had a PE ratio under 13. Tesla has a PE ratio of 358. At its current earnings rate it would take 358 years to buy its stock. But companies can grow quickly into their PE.

GameStop has been doing exactly that. We had a PE Ratio of 28 two weeks ago. Now it is 16. next quarter it could be 15.25.

Every time we post a year over year improvement on EPS like we just did, our EPS TTM (trailing twelve months or 4 quarters) improves. Denominator grows. But if price stays the same, as we've been tending to do, then PE falls.

People will notice this and increasingly see the company as a value proposition.

[bad robot ventures @foxenflask]

Ryan Cohen's media tour continues, this time with an exclusive interview with Barron's speaking about the $GME x $EBAY takeover bid, amongst a few other interesting topics.

1/5 🧵

[The Driven Man @Thedrivenman]

An athlete won't mock you for training.
A millionaire won't mock you for starting.
A wise man won't mock you for learning.
A champion won't mock you for failing.

The only people mocking you are the ones who NEVER TRIED.

[🏴‍☠️FR334TR3D1S @D1Tr3]

@PhantomBlack699

[Salvatore Linteum @PhantomBlack699]

Oh shit from today's $GME 13D filing;

"On June 3, 2026, the HSR Act Condition was satisfied" 👀

[Macro Alpha @MacroAlphaHQ]

Retail investors are actually celebrating that SpaceX is reserving 30% of its IPO for them.

Let me explain how the real world works: Wall Street doesn't hand you 30% of a generational asset out of charity.

When institutional money refuses to swallow an inflated private market valuation, they need a massive liquidity sponge to absorb the float.

You aren't getting in early. You are volunteering to be venture capital's exit liquidity.

Save this tweet for 6 months from now.

$TSLA

[Elon Musk @elonmusk]

Corruption

[🏴‍☠️FR334TR3D1S @D1Tr3]

@MichaelTLoPiano @GaiusMoonnus

[MJTruthUltra @MJTruthUltra]

The Republican majority Senate has REJECTED the SAVE America Act because of Four RINOS

Tillis, Murkowski, McConnell, and Collins.

[Pang @Only_Pangs]

Okay hear me out! Imagine $GME beating earnings by 87.5% and revenue 8.96% wasn't the all good news! (it's actually already an insane earnings but perspective wise)

On June 2nd, 2026 we got our earnings, which was 1 week earlier than we're expecting. However, this was an 8K and not a 10Q like we're suppose to get. (credit: @GoatBeardzDD nice catch!)

I remember a wise man named @larryvc once said; to build a trust enhancing communication between managers and their investors:

-Potential bad news: Early
-Actual good news: On-Time

Imagine if beating our earnings by 87.5% and rev by 8.96% was bad news, I wonder what kind of crazy good good news is going to come come on June 8/9/10th like when our 10Q is due.

In the wise words of @jake2b "THINK ABOOT IT"

PANG

[Alex Thompson @sierrastrades]

$GME Best ever Q1 and quarterly net income in GameStop’s history.

🌊🌊🌊

[internet hall of fame @InternetH0F]

Keith David has officially received a star on the Hollywood Walk of Fame ⭐️

David’s work:
- 140+ Movies
- 130+ TV Shows
- 25+ Video Games

[Pulte @pulte]

Carl Icahn: “Buy it when everyone thinks you’re wrong”

[Eric Daugherty @EricLDaugh]

🚨 JUST IN: Senate Democrats are moving to have Leader John Thune FORCE OUT Bill Pulte as President Trump’s new Director of National Intelligence — Punchbowl

Mark Warner is among the Dems terrified of Pulte overseeing the intelligence agencies.

Seems like they view him as a THREAT.

They want to possibly hold up the FISA bill over it.

Why are they so terrified? 👀 🔥

[Pulte @pulte]

I reiterate: Gameshire Bathaway

[@iconic @icahnic]

Ryan Cohen is playing chess and until you realize this nothing will make sense.

The $EBAY proposal was the spearhead. Half cash, half stock. Some might even say dilution.

To block the acquisition, $GME needs to be priced low - requiring more stock to finance the deal.

Enter… the buyback + Q1 earnings announcement.

This is the curveball.

To prevent the buybacks, price must be high. To prevent the $EBAY acquisition, price must be low.

This pits two sides of the trade against each other.

In the end, Ryan and shareholders are rewarded - regardless of the outcome.

Anyways, whats an exit strategy?

[Steve Burns @SJosephBurns]

Warren Buffett said:

"It took Noah 20 years to build an ark. And people said he was being silly because the skies were beautiful. And of course, the whole time, he looked stupid - until it started raining. You can spend a long time building an ark while everybody else is out there enjoying the sun."