TK 🧀

For me the Action is the Juice!

[90s WWE @90sWWE]

Winning a title in WWF War Zone was hilarious 🎮

[Daily Skate Clips @SkateClipsOnX]

Bam in Brooklyn

[David @KittenByKitten]

Physical media forever 💿✨

[TK 🧀 @thomaskramer06]

@TheRealXPac Family is everything! Happy to hear

[TK 🧀 @thomaskramer06]

@cheeseheadtv Love to see it! This is the content I want more of!

[cinesthetic. @TheCinesthetic]

William Friedkin’s SORCERER (1977) was buried by STAR WARS at the box office, but time has turned it into a masterpiece.

The bridge sequence alone remains one of the most nerve-shredding scenes ever put on film.

[TK 🧀 @thomaskramer06]

@BookOfEli_NFL I need more of this!

[PW Chronicle @_PWChronicle]

THIS video package WWE made for Brock Lesnar’s career is absolutely perfect for his retirement, and “I Stand Alone” by Godsmack is such fitting for a once in a lifetime talent/athlete/superstar/performer 🔥

7x WWE Champion
3x Universal Champion
2x Royal Rumble Winner
1x King of the Ring
1x UFC Heavyweight Champion
1x NCAA DI National Champion
2x NCAA All-American
2x NJCAA All-American
2x Big 10 Champion
33-0 Record in Senior year of High School

There will NEVER be another Brock Lesnar.

If this is truly it, Thank You Brock ❤️

#ThankYouBrock

[Aaron Nagler @AaronNagler]

Nice locker room touch @packers

[Pranjal.. @beltrecordz]

RIP Dory Funk Jr. 🙏

[EliteRockerz 𝕏 @EliteClubS0B]

Brock Lesnar has announced his retirement from professional wrestling.

“I am here today to do this interview and let the whole world know that I am retired. I want to say a big thank you to everybody. Saturday was a very emotional day for me. That's it for me in the squared circle.”

(@PatMcAfeeShow)

[THE PG ERA @thepgeraa]

WWE has officially honored The Beast Incarnate by adding him to the Alumni section of its website, signaling the end of one of the greatest careers in wrestling history.

Brock Lesnar's career achievements:

- 10-time WWE World Champion
- 2002 King of the Ring winner
- 2 Time Royal Rumble winner
- 2019 Money in the Bank winner
- Ended The Undertaker's legendary 21-0 WrestleMania undefeated streak
- Multiple-time WrestleMania main eventer
- NCAA Division I Heavyweight Wrestling Champion
- UFC Heavyweight Champion and one of the biggest crossover stars in combat sports history
- Former IWGP Heavyweight Champion in NJPW

From NCAA wrestling to UFC gold and a legendary WWE career, Brock Lesnar built one of the most accomplished legacies in combat sports history.

[EliteRockerz 𝕏 @EliteClubS0B]

WWE has released behind-the-scenes Gorilla Position footage of Kevin Owens making his shocking return at SummerSlam after a 17-month absence.

[rnewton @rnewton7777]

Any of these thoughts could be wrong, but here's what's on my mind regarding early exchange of about a third of the converts.

The bond buyers were never interested in the underlying equity. I think people need to start with understanding that. By buying the bonds in 2025 they were going both long delta (equity price) and because of the embedded call option feature they were gaining exposure to volatility. That was the market they were after. So they bought the bonds and immediately delta hedged out price exposure by shorting the stock. Then they played the options game to make money against the embedded call. But the volatility on GameStop collapsed over the last year and price fell away from their strike.

So now they've pretty obviously approached leadership and asked to early exchange, because I don't believe it would have happened the other way around. That still doesn't mean they want exposure to the equity. They simply want to offload the bond from a neutral position, in my very humble opinion. So they went to leadership and gave terms by which the company could keep $1.4B cash with no further obligations. Essentially, X number of shares. And they figure they can sell out those shares at the price they are after over the next 35 trading days.

So what this means is that by 35 trading days from now these bond desks will be neutral on the bonds (the $1.4b they are exchanging). They are going short now and will get the shares later so their book will be clean. Consider what's happening now a pre-sale.

They have a really good algorithm to price the whole thing out so I doubt they'll get burned on the deal unless price rises super hard into the tail of their 7-week VWAP or something, but even then, they still have plenty of bonds remaining with which to benefit and against which to hedge and play gamma.

One must remember that they actively manage their book, plus it's a lot of different desks doing a lot of different things. But for the majority of the position you must imagine that they got in when GME was ~30 and their hedge they built was based on that number. Now they are getting some sort of more favorable terms I imagine on this exchange so they can sell more, quite a bit more if today's volume is any indication. Rough math says they are getting about 60-70m shares for the $1.4b instead of the 48m shares priced last year at $29 strike and that means whatever short they had they were able to add a bit onto today.

Essentially:

Step 1: Longed $1.4b in bonds (ignore the other part)
Step 2: Delta neutral short the position
Step 3: Play options game until IV vanishes
Step 4: Request early exchange
Step 5: Short again into the exchange
Step 6: Get shares, pay back shorts from 5 & 2

Bond Desk Result: Nothing on your books, some profit
GameStop: +$1.4b, Outstanding shares increases

Just a super slow dilution that took 15 months and crushed out IV but maybe got us more favorable pricing than if we had simply ATMd it all like 2024. Maybe. We'll see how it all shakes out down the road. Maybe the first tranche to exchange gets a good rate and the later ones still go out at $29. In that case, good deal.

In any case, market is absorbing the shares and cash stays on the sheet, debt falls off. Just hope it's not a lot of shares getting added but seems like a lot from today's action.

[cinesthetic. @TheCinesthetic]

The dinner scene in SICARIO (2015) is Alejandro reclaiming years of stolen time in under two minutes. He calmly asks the cartel boss to finish his meal first, making every second at that table feel unbearably cruel.

[EliteRockerz 𝕏 @EliteClubS0B]

One of the greatest wrestling matches I have ever seen.

- Peak storytelling.
- Peak cinema.
- Peak in-ring action.

Roman Reigns and Seth Rollins gave it their all in their final match ever.

⭐⭐⭐⭐⭐

#SummerSlam

[BRONSON REED @BRONSONISHERE]

If Aldis can get Oasis, I better get Limp Bizkit when I return!!!!

@freddurst
@WWE

#WWE #Summerslam

[Jacque @heavy_job]

“If you think you’re fucked…you’re really only 40% fucked. Don’t quit.”

[Triple H @TripleH]

When you fight for everything you believe in… you never lose. #SummerSlam

[TK 🧀 @thomaskramer06]

@ClownWorld Very common in Midwest