AsymQuantum

Quantum scaled

[AsymQuantum @hectacorns]

How good is this buyback for shareholders?

Extremely good — one of the most shareholder-friendly moves GME could make right now.

• Direct reversal of dilution: It mechanically undoes the majority of the 2021–2024 ATM share issuances that funded the balance-sheet fortress ($9.7B liquidity today).

• Immediate accretion: ~27% EPS boost (basic) with no change to operations or cash-generating power. Book value per share and ownership percentages rise proportionally.

• Efficient use of capital: The company still sits on a massive cash pile after the $2B spend. No debt needed; this is pure equity return from excess liquidity.

• Caveats (still hypothetical):
• Timing matters for the exact EPS weighted-average in the quarter it occurs.

• Future equity grants or CEO @ryancohen performance award could add back some shares.

• If executed at prices well above intrinsic value it would be less optimal, but at current levels it looks highly accretive.

Bottom line: the net effect since 2021 shifts from “dilution without offset” to “dilution largely reversed + meaningful per-share value creation.” Remaining shareholders end up with a meaningfully larger slice of a now-even-more-profitable company.

This is exactly how buybacks are supposed to work as the counter to prior equity raises — GameStop just pressed the “undo” button hard and effectively.

[AsymQuantum @hectacorns]

@ThePPseedsShow @zen_apes 😂

[ThePPShow @ThePPseedsShow]

I’m ready for July 4 with the family

[AsymQuantum @hectacorns]

@RJ74120113 @Serafim_zx

[AsymQuantum @hectacorns]

@RJ74120113 @CremeGlaceeBBBY @RuoKdaM 🫡

[AsymQuantum @hectacorns]

@it_unprofession How was the wagyu tho?

[AsymQuantum @hectacorns]

@bobdole08923509 @ChuckFBass 😂

[AsymQuantum @hectacorns]

@ThePPseedsShow Total F-ing shambles

[AsymQuantum @hectacorns]

@ThePPseedsShow @edwinbarnesc @LuckyLuciano500 @Skoot @alpha5tate Not a Qohencidence

[AsymQuantum @hectacorns]

@ThePPseedsShow @imbah4m 🤑🤑🤑

[AsymQuantum @hectacorns]

@ThePPseedsShow Where have I seen that pattern before 🤔

[The All-In Podcast @theallinpod]

Ryan Cohen: “Why Does Everyone Want GameStop to Fail?”

$GME CEO @ryancohen:

“The media is an example. Why is it that you've got a ($EBAY) management team with no skin in the game, they're not builders, they haven't built anything themselves before, they've basically just been employees at major companies, they’ve been overpaid, I don't think they've ever broken out a sweat in their entire lives, why does everyone want them to succeed?

But when you have someone that, and by the way, I'm putting $500M of my own money into this transaction, I haven't pulled a penny out of GameStop, and it seems like everyone in the media basically wants us to fail, and wants them to succeed.

And you've got a board that's making hundreds of thousands of dollars a year. They don't buy stock with their own money. They end up showing up to a handful of board meetings, and they're making a fortune. You've got a management team that is grossly overpaid, taking zero risk.

There's nothing more American than basically risking your own capital. So why does everyone want us to fail?

@friedberg:

“I do think that the media, in order to give you credibility, they're gonna have to acknowledge that all of their takes on GameStop just being a meme stock were wrong, and that there is actually a business here, and that there is value being created here, and that they missed that, and they got the story completely wrong.”

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[AsymQuantum @hectacorns]

@theallinpod @ryancohen All great points Ryan. It’s almost like the media is in cahoots to destroy good American companies and the people that build them, invest in them, and work for them. What is actually going on?

[AsymQuantum @hectacorns]

@pulte @MorehartEm86846 Bill is a great guy

[AsymQuantum @hectacorns]

@KHOU Going to be hard to find

[AsymQuantum @hectacorns]

@MindandEmotion7 🫡

[AsymQuantum @hectacorns]

@HumanProbably2 @LuxAlgo The company doesn’t get this money. Early investors cashing out do. You are their exit liquidity.

[AsymQuantum @hectacorns]

@ThePPseedsShow It is Qommencing

[AsymQuantum @hectacorns]

@ThePPseedsShow @Only_Pangs I guess it’s official: we are a Qommunity

[AsymQuantum @hectacorns]

@zenbiz1 @doqholliday UBI sounds like communism 🤦🏻‍♂️

[AsymQuantum @hectacorns]

@zenbiz1 @doqholliday By growth policy do you mean print more money?