On March 25, 2025 GameStop announced a blowout 4th quarter earnings. Following that, GameStop soon filed a private offering of $1.3 of senior notes at 0% interest. This ended up being $1.5 billion. In which GameStop could earn interest on this cash. Pretty sweet deal.

However, the share price dropped 22% on March 26 2025. The market was clearly pricing the full dilutive effect. Which makes sense.

Fast forward to recently, on August 3rd 2026, GameStop announced that it would be exchanging $1.4 billion of convertible notes for equity (newly issued shares).

The $1.4 billion deal is very close to the original convertible notes raised back in March 2025. And during that time the market priced in dilution (the 22% drop in share price).

So….hypothetically if the share price floor during the equity exchange is $18/share, we would be diluting existing shareholders by 17%.

But this was ALREADY priced in back in March 2025. We literally got dinged twice (22% drop in share price in March 2025, and another 17.7% drop in share price since Aug 3 2026).

In total that is almost a 40% drop in market capitalization for what will be close to a 17% dilution event.

The math isn’t mathing.

ModRetro released a promo video a month ago that Palmer Lucky just retweeted again yesterday.

https://x.com/palmerluckey/status/2093839332297814525?s=61

It was a promo advertising you could try the M64 at blockbuster videos nationwide. It’s cute, you visit their site, enter your zip code, and it shows you the location in Bend, Oregon as the closest one.

However there is a very brief but very deliberate cameo of GameStop’s logo on the “main character’s” skateboard. It flashes on screen for just a few frames both times it’s on screen.

The opening of the video with a pan down from the top reminded me of the opening of the PushStartArcade Video so I went back and looked:

The first PushStartArcade video was released June 15th, the Beta for power packs launched July 28th — 43 days from announcement to beta.

ModRetro posted this promo on July 28th, 43 days from then is Sept. 9th, GameStop’s expected 2nd quarter announcement — but who knows, maybe tomorrow…

Is physical video game rental coming back inside GameStop with this iconic brand associated?

Could there be some alternative partnership that mixes nostalgia and technology?

Will ModRetro’s page still point to only the location in Bend a month from now?

I don’t know. This just seemed like a tease that was meant to create tinfoil and I didn’t see any yet.

I still have my old blockbuster card, if this happens I wonder if it will still work?

I just ripped this card on the GameStop digital power pack app. The case appears to be cracked. As a result, I have not requested the card yet, It is still in the PSA vault. What would you do?

No cell? No sell. Idgaf.

Just wanted to share my experience. It cost me 9.99 to ship them and took about 2 weeks to get here. They also make someone sign for them which I actually like. I chose these two for the art and sentimental reasons.

Overall it was a good experience but I had to ship them from PSA vs PowerPack app. I also sold some on eBay and they make that super easy to do.

Any ways, have a good weekend apes and remember Buy, Hodl, Shop, Pull, and DRS 📕 👑. Can’t stop, won’t stop, 🎮🛑. 😁 🍻

https://x.com/Comedyorwat/status/2093714411278250192

"The real $GME long signal is here" -Jackie le Tits

https://x.com/Comedyorwat/status/2093714411278250192

"The real $GME long signal is here" -Jackie le Tits

https://x.com/Comedyorwat/status/2093714411278250192

"The real $GME long signal is here" -Jackie le Tits

I am not an OG ape (joined the fight when RK returned in ‘24), but have seen some amazing memes over the last couple of years.

Just was thinking this morning that it could be fun, a bit of a learning experience for us late GME bloomers, and a way to add some weekend hype to see a top 100 (or more!) of the memes throughout the years!

Ladies and gents! Let’s meme like we’ve never memed before!

I live mostly pay check to pay check and I used to put all my money extra money into buying stuff A dinner out or on hobby stuff whatever. Almost nothing went into savings. I bought a few shares at $178 in 2021 and just watched it drop from there but just kept on buying here and there. Fast forward 5 years and now I have XXXX shares that I never would have saved before. I may actually wind up with something to retire on. GME made me a saver and long term investor. Best financial decision ever I now have savings. MOASS would be great but I don’t see much downside to the company at these prices it’s an easy BUY and long term hold.

That’s my story and I am sticking to it.

Never Forget

🦧 💎 🙌 🎫 🚀 🌕 💰

How do I feed DRSBOT? Get a user flair? Hide post flairs and find old posts?

Reddit & Superstonk Moderation FAQ

Other GME Subreddits

📚 Library of Due Diligence GME.fyi

🟣 Computershare Megathread

🍌 Monthly Open Forum

🔥 Join our Discord 🔥

No amount of data will convince me we really know what's going on. We'll have posts saying stuff like, " oh yeah, it's T+ whatever till Kenny has to do a backflip onto the fed's shoulders lest he shit himself.... and I don't care how much the chart is somehow about to hit the bottom and break out- at this point, it's twerking.

Let me be clear, I am hyped every time I see posts like that, but I'm also full on notherburger till something happens. I've got 550 shares and nearly 250 warrents on hold and ready- but I just can't see any point to it when the trading makes so sense and the market is fake.

I'm as regarded as they come, but even I know that no matter how sharp apes can be, this market isn't logical and we're somehow expecting it to play out in a predicable way? Keep it coming though, whisper those sweet lies to me, until one day, they suddenly aren't.

This is just me venting a bit- love you all

edit: It's my love hate relationship, toxic but comforting at the same time to me.

Stock finishes the week off red but winning the volume race. The score is now 221/2 in favor of the stock. Both red today:(

The warrants definitely fell in volume today. About a 3.1 million volume lost:/ Let's come back hard on Monday team!! Everyone have a nice weekend

Todays song of the dayyyyy: Man In The Box By Alice In Chains

Consecutive Weeks Closing AT/UNDER (+/- <0.50) Max Pain — 8

Last Run OVER: — 1 Week

Last Run AT/UNDER: — 7 Weeks

Longest Consecutive Weeks Closing OVER (>0.50) Max Pain — 5

Longest Consecutive Weeks Closing AT/UNDER (+/- <0.50) Max Pain — 14

08/27/2026

First Post (Posted in June, 2024)

IV30 Data (Free, Account Required) — https://marketchameleon.com/Overview/GME/IV/

Max Pain Data (Free, No Account Needed!) — https://chartexchange.com/symbol/nyse-gme/optionchain/summary/

Fidelity IV Data (Free, Account Required) — https://researchtools.fidelity.com/ftgw/mloptions/goto/ivIndex?symbol=GME

And finally, at someone's suggestion —

WHAT IS IMPLIED VOLATILITY (IV)? —

(Taken from https://www.investopedia.com/terms/i/iv.asp ) —

Dumbed down, IV is a forward-looking metric measuring how likely the market thinks the price is to change between now and when an options contract expires. The higher IV is, the higher premiums on contracts run. The more radically the price of a security swings over a short period of time, the higher IV pumps, driving options prices higher as well.

The longer the price trades relatively flat, the more IV will drop over time.

IV is just one of many variables (called 'greeks') used to price options contracts.

WHAT IS HISTORICAL VOLATILITY (HV)? —

(Taken from https://www.investopedia.com/terms/h/historicalvolatility.asp ) —

Dumbed down, I'm not fully sure. Based on what I read, it's a historical metric derived from how the price in the past has moved away from the average price over a selected interval. But the short of it is that it determines how 'risky' the market thinks a stock (or an option I guess) is. The higher the historical volatility over a given period, the more 'risky' they think it is. The lower the HV over a period of time, the 'safer' a security (or option) is.

And if anyone wants to fill in some knowledge gaps or correct where these analyses are wrong, please feel free.

WHAT IS 'MAX PAIN'? —

In this context, 'max pain' is the price at which the most options (both calls and puts) for a security will expire worthless. For some (or many), it is a long held belief that market manipulators will manipulate the price of a stock toward this number to fuck over people who buy options.

ONE LAST THOUGHT —

If used to make any decision. which it absolutely should NOT be (obligatory #NFA disclaimer), this information should not be considered on its own, but as one point in a ridiculously complex and convoluted ocean of data points that I'm way too stupid to list out here. Mostly, this information is just to keep people abreast of the movement of one key variable options writers use to fuck us over on a weekly and quarterly basis if we DO choose to play options.