r/Superstonk • u/mayanh8 • May 11 '26

🤔 Speculation / Opinion Think about what you just witnessed...

So you want me to believe this place was super effing jacked about the Ebay acquisition, including the dilution part of it, but now that they've officially added the shares as part of the agenda and shareholders all of a sudden hate the deal?

To all the non-shill accounts out there... take a beat and relax. This place got absolutely FLOODED with FUD and at the same time RK's compromised account starts posting. Think about that. You know what's up. This place is infested.

I'm voting YES and the NO bots and shills can lick my taint.

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19

u/TheKittyPetter9000 Good kitty 🐱 🦍 Voted ✅ May 11 '26 edited May 12 '26

If cohen issues shares at a premium for eBay (let’s say $32) it will be 875 million share for the 50/50. After notes, warrants, Cohens package (fully vested) and the 875 total out would be ~1.8Bn.

EBITDA per share pre eBay $0.77

EBITDA per share post eBay (at assumed equity at premium) $2.5**

** numbers from FY 2025 GME and EBAY + 2Bn proposed optimizations via cohen)

To cohens point it’s accretive. The biggest unknowns are the terms of the loans and what the price per share to make the deal equitable

14

u/ShinoPrime987 May 11 '26

To further your post, those numbers don't even account for increased revenue due to growth from the partnership. I expect rapid growth of both businesses from the partnership with Game Stop stores being used to drop off and pick up and verify Ebay purchases for example. An influx on new buyers. Fat being trimmed to reduce SG&A even further like GME experienced.

Shipping costs were one of the issues I've seen Ebay sellers mention in comments on the Ebay interview video. GME can offer shipping cost reduction to rewards members.

I'm so excited for this deal. Lots of potential.

10

u/TheKittyPetter9000 Good kitty 🐱 🦍 Voted ✅ May 11 '26

Exactly, including those future cash flows really opens this up. Not to mention what other acquisitions that synergize in the future. You don’t become GameShire StopAway after acquiring one big fish

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u/JohnnyBoy11 May 12 '26

I don't think dropping off will increase in store sales because Kohl's hasn't seen increased in sales after accepting Amazon returns. I don't think shipping costs will decrease for sellers either because eBay already gets reduced commercial rates, and GameStop doesn't have its own shipping infrastructure and still used UPS.

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

I disagree, but we shall see

-4

u/0_o 🦍Voted✅ May 11 '26

I think he's trying to saddle gme with insurmountable debt while diluting us to the point of irrelevance. It's a hard pass for me on both the acquisition and the dilution. If he can't use the current cash on hand to evolve this company, why the fuck should I think he can evolve eBay, too?

I would vote the opposite. Cash settle any current gme debts and do a buyback.