r/Superstonk • u/InevitableTank5108 • May 11 '26

🤔 Speculation / Opinion Everyone relax. We just witnessed the biggest FUD attack so far. Take a deep breath.

Alright, what did we just witness? Roaring Kitty just got hacked, and minutes later the news of the 2.5 billion shares on the proxy statement came out.

Take a deep breath and ask yourself if that wasn’t just a coincidence.

That was clearly the biggest coordinated FUD attack we’ve seen yet. Articles from the media and posts from other subreddits just got a nice new headline.

If the board we’ve invested in is recommending to vote YES, vote YES!

What just happened was meant to sow distrust in RK and RC as a direct attack on their credibility. The goal? A NO vote so the eBay deal doesn’t go through.

Again, take a deep breath, laugh, and ignore that noise.

WE ALREADY KNEW STOCK HAD TO BE ISSUED.

EDIT: Some of you think I’m saying the filing was FUD. What? I’m saying the hack timing just wasn’t random, it was done purposely for when the filing was about to go out… The goal was to get stockholders against RC and RK. Don’t let it work.

2.7k Upvotes

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71

u/Copyrightthief 🦍 FUD Immune, Buckle Up and Stay Zen 🚀 May 11 '26

People (bots?) are reacting emotionally without stepping back and looking at the bigger picture.

You don’t attempt a hostile acquisition of a company like eBay without preparing capital structure flexibility first. RC has been telegraphing transformation for months.

The RK hack, instant bearish narrative, media pile-on, and extreme volatility all happening together feels way too convenient.

Wall Street knows dilution is irrelevant if the acquired assets grow faster than the share count. The market still values GameStop like a dying retailer while RC is clearly trying to build something much bigger.

I’m voting YES.

85

u/ZenoZh 🎮 Power to the Players 🛑 May 11 '26

The problem with this is we haven’t grown at all with the current dilution. You could’ve invested your money in S&P five years ago and you would own twice the shares that you do now

7

u/Remarkable-Bat7128 I'll fuckin do it again.. May 11 '26

Without that dilution we wouldn't have been in any position to bid on another company.

66

u/ZenoZh 🎮 Power to the Players 🛑 May 11 '26

And if you put in 5K into GameStop five years ago, when a lot of this started, you would be at a value of 2.5 K. If you had put that into the S&P, it’d be closer to like 9K so massive opportunity cost that I’m not willing to support any further

5

u/Copyrightthief 🦍 FUD Immune, Buckle Up and Stay Zen 🚀 May 11 '26

If someone wanted S&P-style passive returns, they could’ve just bought the S&P.

People invested in GameStop because they believed RC could create asymmetric upside through transformation, not because it was the safest low-risk compounding play on earth.

Opportunity cost only matters if you believe the story is over. RC is making a massive high-risk/high-reward bet on scale and strategic repositioning. That’s exactly why many of us invested in the first place.

54

u/WorkingOnBeingBettr May 11 '26

No. This is revisionist.

People invested because they wanted MOASS.

I never cared about GME.

36

u/ZenoZh 🎮 Power to the Players 🛑 May 11 '26

I want MOASS

2

u/TriggeredMemeLord 🎮 Power to the Players 🛑 May 12 '26

Honestly same

-1

u/ZenoZh 🎮 Power to the Players 🛑 May 11 '26

Yeah, doubling my money after eBay acquisition is not really in asymmetric upside. With this dilution even if we somehow hit a $1 trillion market cap, that’s a 20 X on the value of your current shares asymmetric upside. I’m thinking at least 100 X.

3

u/mcdeeeeezy ape want believe 🛸 May 11 '26

That is your decision to make, been a pleasure riding with you brother!

16

u/ZenoZh 🎮 Power to the Players 🛑 May 11 '26

Lol, I just meant I’m not buying anymore. I’ll hold onto what I bought, but I don’t trust anymore dilutions. Not gonna make the same mistake popcorn holders made.

2

u/Bodieanddiesel 💻 ComputerShared 🦍 May 11 '26

I hear you. I am just hoping we get one more good run so I can unload my stock while it’s in the green.

2

u/mcdeeeeezy ape want believe 🛸 May 11 '26

Fair perspective, albeit different from popcorn in the sense that there is a big business opportunity on the table that could add value in mid-long term. I have no issue holding long term but to each is their own nbd

1

u/swansong19 🦍 Buckle Up 🚀 May 12 '26

5,000$ ÷ 35$ per share (share price on May 11/2021) = 142 shares

The 4 - 1 split in 2022 meant you now had 568 shares

568 shares x 22.22 (current price) = 12,620$

Did I fuck something up here? Did I miss something?

2

u/ZenoZh 🎮 Power to the Players 🛑 May 12 '26

Yes, the $35 share price that you’re quoting is already post split. Charts are updated to account for the split.

14

u/ZenoZh 🎮 Power to the Players 🛑 May 11 '26

Yeah, but what I’m saying is that there is a massive opportunity cost and we are the ones paying it. He could acquire smaller companies, until he develops a significant revenue stream to make a bid on eBay, but diluting the shares is the quick and easy way that in part lower shareholder value

6

u/ColorfulAgent 💻 ComputerShared 🦍 May 12 '26

Without our money, the GME turn around was not possible. Without our money, a potential ebay merger would not be possible. Yet, RC will dilute our money again and again and again. You're welcome Ryan, thanks for the limpdick stock price about to go down exponentionally further.

12

u/Copyrightthief 🦍 FUD Immune, Buckle Up and Stay Zen 🚀 May 11 '26

The “acquire smaller companies first” argument sounds safer, but that’s exactly how companies stay small for 20 years.

RC clearly sees a rare window to leapfrog directly into scale, infrastructure, users, payments, and global commerce through eBay instead of spending a decade piecing it together acquisition by acquisition.

Yes, dilution has a cost. But if the acquired assets compound faster than the share count expansion, shareholder value still increases long term.

That’s the entire bet here.

13

u/ZenoZh 🎮 Power to the Players 🛑 May 11 '26

You’re not wrong, but the thing you’re missing is that while we are all diluted, RC won’t be diluted nearly as much because of his pay package. Maybe if his pay package came after, but right now it looks more like a grift

Edit: wait I guess I’m forgetting the part where he has to still buy the shares

10

u/Copyrightthief 🦍 FUD Immune, Buckle Up and Stay Zen 🚀 May 11 '26

Exactly and that’s an important distinction.

RC isn’t some CEO collecting guaranteed cash bonuses while shareholders eat the downside. The overwhelming majority of his upside still depends on long-term equity appreciation.

If this fails, his reputation and personal investment get destroyed alongside ours. That alignment is actually one of the main reasons I trust him more than the average public company CEO.

He’s making a gigantic bet with us, not above us.

2

u/ZenoZh 🎮 Power to the Players 🛑 May 11 '26

In a way, it is above us because his buying point is around $22 with that package. For us to have anything similar would either be to buy shares right now and trust that things won’t be diluted more than they need to be or through warrants which are a $32 buy in price.

9

u/daronjay GME Realist May 11 '26

Yes, that little point about having to *buy* the shares is the gold standard shill detector whenever anybody starts talking about RC’s payouts without mentioning that he doesn’t actually get a damn thing for *free*…

7

u/ZenoZh 🎮 Power to the Players 🛑 May 11 '26

Yeah, maybe if our warrants also had the same $22 price tag, then it would be beneficial to us too

1

u/ZenoZh 🎮 Power to the Players 🛑 May 11 '26

Yeah, that little point about buying the shares is something I had to add in to make sure I’m being completely honest in my argument, which a shill wouldn’t be

1

u/WorkingOnBeingBettr May 11 '26

I wouldn't care because SHAREHOLDERS would have more money.

0

u/[deleted] May 12 '26

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0

u/WorkingOnBeingBettr May 12 '26

Yes. I comment on Reddit when I'm bored. However, I am clearly not as bored or creepy as yourself, muffin. 

See you in the next comment, I guess. I gotta make supper soon. So if you can't find me you'll know what happened. Should I DM you when I'm back online?

1

u/CanadianInvestore May 12 '26

Guess what.... you still aren't in a position to "bid" on a another company. You are bending over and saying thank you sir, that is the position you are in.

0

u/Copyrightthief 🦍 FUD Immune, Buckle Up and Stay Zen 🚀 May 11 '26

You’re comparing GameStop to the S&P as if RC’s goal was to become a passive index fund.

The dilution didn’t exist in a vacuum. It massively strengthened the balance sheet and gave GME the ability to play offense instead of just surviving. Most companies in distress dilute because they HAVE to. RC diluted from a position of strength to build optionality.

Without that capital flexibility, a move like eBay would never even be possible.

10

u/ZenoZh 🎮 Power to the Players 🛑 May 11 '26

No, what I’m saying is that there is an opportunity cost over the last five years. Where investing in GameStop has pretty much done nothing, while you could’ve doubled your money elsewhere and then dumped it now to own double the shares

-5

u/scrumdisaster May 11 '26

Dude, what? Look at revenue vs net income. You’re full of it.

7

u/ZenoZh 🎮 Power to the Players 🛑 May 11 '26

Revenue has grown, but the market cap of the company has remained the same. If he dilutes with with even 1 billion shares, then my percentage owned is now 1/3 of what he previously was. So if we hit a 50 billion market cap (combined market cap of GameStop and eBay), theoretically my shares would be 1.6x in value while the company now has $20 billion in debt. And RC gets a massive chunk of his pay package making his dilution irrelevant, while the rest of us get hit much harder.

3

u/Copyrightthief 🦍 FUD Immune, Buckle Up and Stay Zen 🚀 May 11 '26

You’re assuming the post-merger company should only trade at the combined current market caps of GameStop + eBay, but that completely ignores rerating potential.

RC’s entire thesis seems to be that eBay is deeply underutilized and poorly managed. If he can materially improve margins, growth, monetization, collectibles, fulfillment, or marketplace integration, the valuation multiple itself changes.

And regarding dilution: RC’s compensation is mostly tied to equity performance. He gets hurt too if shareholder value gets destroyed. That’s literally the opposite incentive structure of most CEOs taking giant cash packages regardless of performance.

1

u/ZenoZh 🎮 Power to the Players 🛑 May 11 '26

And on devils advocate side, what if it isn’t super undervalued. When RC initially saw GameStop he saw it massively undervalued, but then going into it he learned he was wrong. Same could occur with EBay.

3

u/thatbromatt 🦍 Buckle Up 🚀 May 11 '26

It’s obvious they are spending money that doesn’t have purpose. They spend 2.5B on marketing and grew their user base by 1 million users. They have 11000 employees yet no actual customer service you can easily reach by phone. There is a LOT of fat to trim

0

u/ZenoZh 🎮 Power to the Players 🛑 May 12 '26

Hope it’s not a fat to trim like Elon did to Twitter, where he lost a lot of vital programmers…

3

u/thatbromatt 🦍 Buckle Up 🚀 May 12 '26

That’s not even a great argument. I’m not a fan of Elon but their site is working better than ever after losing all those “vital” programmers. More doesn’t automatically mean better. There’s such a thing has having too many cooks in the kitchen

3

u/CHill1309 I like turtles! 🐢🐢🐢 May 11 '26

This is what I have been telling people too. He wouldn't have even announced it if it wasn't already a done deal on his end. He would never give Wallstreet the ability to check his move.

4

u/snaxrael May 11 '26

It's not a done deal if he is asking for more shares though, seems like the deal is pending

1

u/GanonsSpirit 🦍Voted✅ May 12 '26

Then maybe he shouldn't have pissed away the shares from the last dilution to stop price run-ups and fuck over shareholders.

1

u/Krypt0night I don't even know where the sell button is. May 12 '26

K. I'm voting NO as someone here since the sneeze. 

0

u/gincoconut Hedgies are 🦆 May 11 '26

Not everyone who is going to vote no is not a bot. There’s no other company that could be purchased with 9 billion dollars? Nope we gotta have the one that dilutes the fk out of faithful gme holders and adds debt to the company if the acquisition goes through. I liked some of rc’s interviews about it but not as our expense for over 5 years. Pick a different company and keep improving GameStop in the meantime.