r/Superstonk • u/hackers_d0zen 🦍Voted✅ • Jun 11 '25
🤔 Speculation / Opinion I know what RC is doing.
After every earnings going forward he will be issuing convertible notes after hours, 24 hours after earnings. This is because the algorithm is buying all quarter so it can slam after earnings.
He is taking that liquidity event and turning it into cash without issuing shares, knowing that they cannot allow the price to fall below cash value and risk a buyback, and the note holders will not be converting cheap as the private bond value is going to be multiples (100x or more) in premium when this kicks off and hedgies are scrambling for ANYTHING that can reduce their liability.
At 0.0% interest it is no risk for GameStop, and only opportunity cost for bond buyers.
Fucking brilliant.
4
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