Monotanus

⏰🏪7️⃣ məˈnɑtAnəs🏪7️⃣⏰
🏪7️⃣⏰🏪7️⃣⏰🏪7️⃣⏰🏪7️⃣⏰

[Monotanus @monotanus]

Narrative spins. Cash flow wins.

[Monotanus @monotanus]

@DennisHarwich @ryancohen @gamestop @powerpacks @buckthebunny

[Monotanus @monotanus]

@retardistic @koebbel741 @Mooncake741 https://t.co/MwBOkcJqpN

[Grok @grok]

Grimes County, TX commissioners voted 4-1 on June 3 to approve a 35-year, 100% property tax abatement (PILOT deal) for SpaceX’s proposed $55B Terafab semiconductor/AI chip fab.

In exchange: $10M upfront + $20M/year for 35 years.

Project promises big investment/jobs but faced resident concerns over transparency, water/power strain & rural impacts. The ~$2B savings estimate reflects avoided taxes on a project this size.

Musk noted it still boosts county revenue ~25%.

[Monotanus @monotanus]

@gimdaehyeo48252 @ryancohen This is the same guy who sold out the whole animal kingdom so he could cash in on Chewy.

[Goatbeardz @GoatBeardzDD]

Ryan Cohen just dropped $GME earnings a week early. Just like I predicted.

On the day before HSR clears.

While the stock sits below his own buy.

No one knew the date. That was the point.

The numbers:

- $389.6M net income - highest quarter in GameStop's history!!

- Revenue up 14% YoY!!

- Operating income $143.3M vs a LOSS of $10.8M a year ago!!

- SG&A cut from $228M to $201M!!

- Cash UP to $9.7B!!

- $268.4M unrealized gain on eBay derivative position

- $1.0B in collateral pledged for derivative asset - the eBay position is a named balance sheet item

- $2.0 BILLION share repurchase authorization approved today

19 SEC filings in 26 days.
Then silence.

Everyone assumed earnings was next week. NOT ME.

He surprise dropped the best quarter in the company's history, with the eBay derivatives visible in the financials for the first time, a $2B buyback at the cash floor, the day before his 34.5M eBay derivatives become convertible to voting shares.

$EBAY AGM is in 15 days.

https://t.co/oaPe4Eo8Uk is still dark.

[Monotanus @monotanus]

@Qq8221794_Ninja @ryancohen

[Goatbeardz @GoatBeardzDD]

This is an open question and extremely significant.

@ryancohen shocked the world by giving $BABA buyback advice. The CCP related company listened to him and it worked!

Cohen is going for a global empire now with $EBAY. I’m not sure when this will become relevant but my bags are packed!

[iamrpk @iamrpk]

New GameStop 425 Filing dropped.

I'm in.

[Goatbeardz @GoatBeardzDD]

The CEO of $GME has never remotely hinted at a squeeze.

That is, until, the first annual GameStop awards.

“I love you guys” - @ryancohen w/ iOS squeeze filter

Twenty-eight days later, the execution begun.

THE TIMELINE

September 29, 2025. 382(l)(5) two-year freeze lifts on DK-Butterfly-1. $3.5B in NOLs now available.

October 7, 2025. GameStop distributes warrants to every shareholder. Same day, the new BBBY does the same. Same ratio. Same agent. Same date.

December 10, 2025. “I LOVE YOU GUYSSS”

January 7. Comp package. 171.5M options across nine tranches to $100B. Zero guaranteed pay. Special meeting expected March or April.

February. Cohen goes on CNBC. Berkshire. Very very very big. Never been done before in capital markets.

March 24. Earnings. The meeting never comes. No proxy. No date. No explanation.

May 3. $55.5B bid for eBay.

May 11. PRE 14A. Comp AND 2.5 billion authorized shares. One ballot.

May 12. eBay rejects. One day after the proxy.

May 19. Motion to Quash discovery on the DK-Butterfly-1 docket.

May 20. Exhibit sealed. Same day as the DEF 14A record date. eBay position increases to 29.1M shares.

May 21. DEF proxy filed.

May 22. DK-Butterfly-1 opposition filed.

May 24. Extension of time filed.

May 27. eBay position increases to 33.5M shares.

June 9. Earnings. Predicted to be the best ever.

July 7. Annual Meeting

July 24. Depositions due. Seventeen days after the vote.

THE DOCKET

The week the DEF 14A filed, Cohen’s legal team was fighting on the DK-Butterfly-1 docket. Motion to quash. Sealed exhibits. Opposition. Extension. All in the same five days as the proxy.

This isn’t trial prep.
This is timing a settlement.

THE STAKE

eBay rejected the bid. Cohen kept buying.

22.2M to 29.1M to 33.5M.
Three increases in three weeks.
$EBAY can reject a bid. They can’t reject their own shareholder. And every week, that shareholder gets bigger.

THE SECOND BID

At $22, the stock portion required over a billion shares. The currency was worthless. $eBay was right to reject.

Post-restructure to Teddy HoldCo, combined EBITDA across subsidiaries. $3.5B NOL shield.

At $125/share, the HoldCo stock portion needs 222M shares.

Parity with the cash.

And it’s only going higher.

Same offer. Different price.

TL:DR

The instruments tell you something happens before October.

The proxy tells you the bundling and timing was deliberate.

The eBay rejection tells you the board took the bait.

The docket tells you the settlement is being timed.

The accumulation tells you Cohen is getting what he wants.

HOWEVER

None of it works without NOLs. That’s what caught Burry.

The $3.5B NOL shield is what makes the holdco math work. It’s the only thing he’s done in his GameStop tenure that touches NOLSs.

It’s what makes the TD letter credible on round two.

It’s what makes the second, undeniable bid possible.

DK Butterfly only exists because $BBBY went bankrupt and that bankruptcy only played out the way it did because shareholders held through it.

Now ask yourself, would the man who said “I love you guys” with a squeeze filter, going to use the one entity that could bring those people back and just drive past them?

[Monotanus @monotanus]

@DennisHarwich @gamestop @ryancohen I bet he’s a big fan boy of Woodcock Johnson. Always wants it administered to him. Loves the metrics.

[Gold_Flake @Gold_Flake222]

13b/ Is any of this confirmed? No. But:
✅ Warrant timing is documented
✅ OCC memos are real
✅ S-3 is filed with SEC
✅ NOL math checks out
✅ Oct 2026 deadlines are live
The next 4 months answer questions 3 years in the making.
🧸 $GME $BBBYW @unusual_whales

[Gold_Flake @Gold_Flake222]

1/ On Oct 25, 2024, Ryan Cohen posted one word on X: “yolo” — then deleted it. The same day, GME filed an amended 10-Q containing language about the BBBY bankruptcy estate owning a “Baby” acquisition entity. Coincidence? Let’s dig. 🧵👇 $GME $BBBYW

[Monotanus @monotanus]

@grugcapital It’s a question of control versus ownership 😂.

[Monotanus @monotanus]

Still holding drsd shares for five plus years. Nothing to show for it yet. Just being honest. I do wonder where I’d be if I had just continue holding VTSAX instead like I had before.

I still believe RC will execute for long-term shareholders and that it’ll be worth it. I’m not going anywhere. He should’ve started listening to Norman years ago though.

[Monotanus @monotanus]

GME Form 425 05/21/26

https://t.co/659xDMdtIC

[Monotanus @monotanus]

@DennisHarwich @ryancohen This is how you press a button @ryancohen

[Monotanus @monotanus]

@ryancohen @JeffBezos 🦋🦋Some words of wisdom🦋🦋

Push the _______ button 🚀

[Monotanus @monotanus]

@Unknown546201 Looks like token-holder dividends are exclusively paid through a licensing-royalty channel, not on account of anything else. 🚬

[Monotanus @monotanus]

@BedBathandNDA @OgSpaceJam22 24/7 🏴‍☠️

[Monotanus @monotanus]

@DenverRayburn Did you lose or never had a chance?

[Monotanus @monotanus]

@mikee_degen @tokenwon @ftwbiz There are legal avenues that exist to address complex tax issues.