BREAKING: GameStop files trademarks for Teddy Holdings and now owns Teddy dot com 🚨🚨🚨 fueling speculation of transition into holding company.
https://t.co/lWEnb2Tbaf now redirects to GameStop dot com.
RC is a genius
$GME board's approval of a $2B share buyback authorization gives RC the ability to deploy cash immediately at these current, suppressed price levels
By repurchasing shares in the low $20s, the company drastically reduces the float and boosts EPS
Once the buyback forces the price back up, RC can turn around and issue new shares at much higher prices. This assumes the July 7 vote passes and he has an additional 1.5B shares to sell when needed.
If executed well, he may even be able to obtain massive amounts of capital without even touching the new 1.5 billion in authorized shares.
If the shorts try to double down and drive the price lower, they can buy back shares again at the lower prices.
Rinse and repeat
It is an endless financial loop
Can’t stop. Won’t stop. GameStop.