this is gerald.
he buys gamestop and burns himself. every fee. forever.
half of every fee buys $GMERALD & burns it. the other half piles into the Stash: 2,060 tokenized $GME & counting, already a top 5 holder on the entire chain.
priced in tokenized $GME on @ponsdotfamily. the site updates live: https://t.co/onjUiLd83v
CA: 0x3E4E7bbee9A7e5fBEdABeEa66313C8f636999458
how many sold? so far 33 of 2,064 have sold, all of them their full 4,836, and every one of those sells paid 2.7% in $GME to the machine. 2,007 haven't touched theirs. the big red candle you saw tonight was one wallet that already held millions and chose today to leave. the stash grew either way.
the dev wallet is down to 4.67% of supply. the machine keeps snacking. https://t.co/onjUiLcAdX
done.
10,000,000 $GMERALD, 1.167% of supply, is now sitting in the wallets of 2,064 people who hold a full share of tokenized $GME on Robinhood chain.
4,836 each. no form, no claim, no wallet connect. it just arrived.
gme holders get a hamster.
the honest footnote: two copies of the send script overlapped for a moment, so 4 wallets got paid twice and 4 on the list didn't get paid. the four addresses are in the public note. we're leaving it there. the receipts don't get edited.
10,000,000 $GMERALD, 1.167% of supply, is going to everyone who holds a full share of tokenized $GME on robinhood chain.
snapshot already taken: block 53832610. 2,164 wallets. 4,621 each, equal split, pools and contracts excluded.
next, the tokens move from the dev wallet to the airdrop wallet 0xDEd25195D733D7E4C6377250Ad57D062DA82Bd53, then out to every wallet on the list. receipts follow.
gme holders get a hamster. that's the whole post.
me: top 5 holder of tokenized $GME shares on RH.
also me: a hamster.
2,060 shares in the stash. never sold one. never will. the board can reach me at the wheel.
EV/EBIT answers this question: βIf the business keeps making the same profit every year, how many years would it take for those profits to equal the price I paid for the whole business?β
The math says that number is only 2.7 years. That is extremely low.
For most regular stores and retailers, people usually pay 8 to 15 times one yearβs operating profit. Fast-growing or popular companies often trade at 20 times or more. A number as low as 2.7x is like buying a business for less than three years of its current profits!
Am I thinking about $GME right?
(ignoring recent convertible exchanges)
593m share count assumes all debt converts to equity x $19/sh = $11.3b market cap
Less $10b net cash & ebay stock = $1.3b EV
Trailing GAAP EBIT for underlying retail stores = $480m
EV/EBIT at 2.7x
Gerald is still hungry. Still buying $GME. Still burning himself
Every fee = more $GME locked forever + $GMERALD burned + stash growing
Supply shrinks. Stash grows. Gerald eats
@gmeraldexe
CA: 0x3E4E7bbee9A7e5fBEdABeEa66313C8f636999458