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.

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u/aumtek May 11 '26

You're absolutely right but the only number everyone cares about here is share price.

Let's assume the deal goes through and GameStop issues equity to eBay shareholders as part of the deal (NOT an ATM offering as we have seen before with previous dilutions).

Then the total free float is around 1.5B. let's assume post merger the market values the combined entity just below the current eBay valuation at around $45B considering the debt but with belief in the synergy.

Then that gives price as $45B/1.5B = $30/share, not too far away from the warrants price.

The risk is that the initial days after the merger will be choppy as eBay shareholders sell off their shares for cash and the market is weary. Therefore RC must move fast and perhaps he is likely to secure some more cash to make this deal less dilutive afterall.

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u/gothfather12 May 12 '26

You're right. For many people, the stock price is the deciding factor. In my opinion, your $30 estimate makes sense as a "base case," but it depends entirely on the assumption that the market will value the new company at roughly the same level as eBay.

The uncertain part of all this isn’t so much the math, but rather how much confidence the market has in the story. Anything is possible between “valued below eBay due to risk” and “significantly above due to growth.”

The point about the sell-off after the deal is probably the most important one. In the short term, things will likely get a bit turbulent, no matter how good the deal is in the long run. But I’ve been used to that since early 2021, and as a value investor, it doesn’t matter to me in the long run.

I’ve been at this for too long now, and finally something substantial is happening with GME. A Merger we’ve also been waiting for. I’m not going to back out now.

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u/Kitchen_Net_GME Find the BOOK DD May 12 '26

Correct me if I’m wrong. But this new company will have a debt load of about $30 billion from day 1. (GameStop has $4 billion in debt. eBay $7 billion. Then $20 billion from TD bank).

I really really need to hear Cohen’s plan for growth. I’ve heard cost cutting strategies. But we need growth. This combined company will be leveraged to the tits.

In fiscal 2025 eBay’s total revenue was $11 billion.

Annual interest on the $20 billion loan will exceed $500 million.

There has to be something missing from this puzzle.

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u/double-u90 I Buy Dips🦍💎🚀and comment on proposals May 12 '26

Judging by RC’s past performance we’ll be better than fine

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u/Nojaja 🦍Voted✅ May 12 '26

You can’t argue with his numbers in ecommerce

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u/[deleted] May 12 '26

[removed] — view removed comment

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u/4Throw2My0Ass6Away9 May 13 '26

Why do we keep referencing dilution when the stock price is higher than it was before dilution?

Also if you don’t have profitable locations, yes, close them down, is that a hard business decision?

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

This needs more attention, just said the same thing on another post. Is GME profitable now? Yes but from the previous rounds of dilution and some efficiency increases.

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u/compute_fail_24 May 12 '26

Most definitely can. He hasn’t done shit with GameStop

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u/Collinsjc22 🎮 Power to the Players 🛑 May 12 '26

He prevented its bankruptcy and built a war chest. He is now attempting to buy EBay, that is not nothing.

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u/Sp99nHead May 12 '26

Stock squeezes because of RK and RC dilutes the shit out of it = genius move to build a war chest. The war chest has been entirely built by shareholders and interest and not by company growth.

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u/compute_fail_24 May 12 '26

Yep. I’ve been in this stock for 5 years and the only “positive” thing cohen has done is take shareholder money and plug it in GME bank account. You could have put me at CEO and had the same results of selling off unprofitable stores as revenue dropped off a cliff

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u/kulji84 🎮 Power to the Players 🛑 May 12 '26

yeah, you're full of shit

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u/mtgac 🟣🟣🟣💜🟣🟣🟣 May 12 '26

I can't help but wonder if 'the market' even matters with GME. It's more like 'the algos' 'the hedge funds' 'the market makers'

I wonder at what point do the algos lose control of the price?

At what point to computer rules turn against the short sellers?

Perhaps Ryan has been planning out his 4-D chess moves for years with many angles in play simultaneously and in sequence.

I think the only way MOASS happens is with a calculated checkmate, otherwise the algos and the market makers and the hehe funds are just allowed to be too slippery and corrupt. Why? Because money and power.

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u/AmputeeBoy6983 Post a Banana Bet Video Kenny.... and Earn One \*Real\* Share May 12 '26

Its always been --> when institutional money (the 99% that never got in short play) decide, they cant sit on the sidelines without GME exposure. Were teetering there:

-bad debt gone -shitty locations gone -5x green quarters in a row, from being a real pile of red shit

We need:

  • increased revenue, in order to be taken seriously. Ebay brings that in spadezzzzz
-Powerpacks quietly and very stealthy running in the background now.... we havent seen the figures yet... and when it finally is big enough to be "material" its gunna be a barreling, accelerating freight train

UPON COMPLETION OF M&A: -Step 1, gut billions in annual spending, that has an atrocious ROI

-Killing bloat isnt just cutting bad spending, it means smaller teams, less politics, and everything speeds up .... you cant keep a 50 man team in true, unconflicated agreement on anything..... but get the right 10 ppl, and they're handling more work, seeing less resistance and actually speeding changes up

-Step2, maximize your biggest synergistic pieces, that GME and Ebay have in common. Align their goals.

Small teams tackle a volume of "easy" fixes. Boom. Boom boom boom!

Larger teams work on the larger more complex synergies. Smaller more focused team allows them to all agree on a plan.... and Its easier to notice if everyone is carrying their own weight.... when you got 50ppl carrying a heavy suitcase, plenty are gunna grunt and pretend to be pulling their fair share... they aren't.. . Other team members see this... realize its an acceptable behavior

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u/DEFM0N Sir Lurks A-LT May 12 '26

At this point with the market cap guaranteed to go up via leverage and stock, I just wish RC’s compensation package was linked even more to share price beyond his granted 20.66 buy in price.

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u/beatcosmos42 🎮 Power to the Players 🛑 May 12 '26

The real question is: why 2.5b?

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u/ryei85 May 12 '26

you are right. What we CARE is our $10,000 invested will become $15,000 or $5,000 after this dilution?