A place for theoretical discussions about GameStop stock ($GME). Opinions and memes welcome. Suspected crypto coin scams such as the "Superstonk" coin and "DumbMoney" crypto coin (with the symbol "$GME") have nothing to do with GameStop stock. None of this is financial advice.
GameStop Corp. Annual Meeting of Stockholders
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https://event.webcasts.com/starthere.jsp?ei=1612706&tp_key=983e1692bb
To listen
Fuck looks like I missed a great debate on comma splice placement and usage.
Shit really? I'm disappointed to have missed that
LFG
Can't read well, what % of overall votes were cast? 100% again?
The 100% voted is yet another fiction that gets repeated often enough that some people believe it.
There was a quorum present. In a few days there will be an 8-k filing with official vote results, If it is like the other years, the % voted will be in the 60% range,
That's great that he wants to take care of the shareholders, but if you dont have happy well paid workers, your shareholders don't have shit. I work everyday grinding at place of employment and in a meeting with employees they said the most important things are the customer and the shareholders, so I really hope Ryan also takes care of people that keep gamestop going. I know the customer and shareholders are important but customer and employees need to be held identical in the eyes of the company, cause if they are doing well and happy, then the share price will take care of itself
Happy Cake Day!
Thanks!!!
Are we profitable? What was earnings for Q2?
Starting off better than last year but not yet profitable for the yr
https://investor.gamestop.com/static-files/70a8632c-6308-4f16-8adc-7bdd65c39d89
$-.14 EPS
Too much tinfoil stuff surrounding RCs tweets. “Not for long” could simply be RC saying Furlong is just gone…. They need to get their NFT business chugging along to help with sales/ revenue. That with cost cutting/ store closures is where the rubber hits the road…
Dad!
Wow
Any good news for moass?
So what the tldr for a fellow ape
Ryan isn’t fucking around.
This is what we need to know. Apes are with RC and moass is tomorrow.
Why the fuck would you not stand behind the company ran by a man of these values. No brainer investment
My investments will follow RC for the next 3 decades
Short hedge funds hate this one simple trick.
Neat trick. No need to read the DD lol
Absolutely my guy
I read this "Absolutely gay" and I thought, "ya... for RC Absolutely me too."
Anywho, I'm a buy more tomorrow.
“RC meng… u got any hamburgers?”
RIGHT?! He barely even spoke and when he did he said everything that everyone has been complaining about from 2008 until this day.
Shareholder meetings and earnings have meant exactly nothing this whole time, so who cares.
Edit: Downvote me all you want, but feel free to point out where I'm wrong.
Honestly, this is kind of (not absolute because not a Sith) as accurate as one can be regarding statements, but not negatively. It's because we will judge them by their actions, and not their words.
RC's words are bold and come from strength in that he knows we're here with him (~25% BOOKED household owners of the company). He (we) also knows this is the fuck around and find out phase because action is happening on a large scale, but quietly. Just listen to the Telos call and Robbie.
Soon we will see the roadmap/plan truly unfold and become public. Following that, well, it's just up from there.
We hold. Not for only financial gain, but to change the world. 💎👐🚀
Get this guy a degree
You're right..
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I look forward to gaining generational wealth while watching hedge funds collapse.
Lol same here
No company in the history of the world has ever announced anything at its earnings except it’s earnings. At best you get some vague nonsense about strategy they say the phrase artificial intelligence.
But nobody announcers massive corporate or structural changes or the new products at a quarterly earnings call that is not what it’s for that is not what it has ever been for
When are we going to learn but that is not when companies announce anything.
Did someone say AI?
What stock? I want to pour my money into it.
AAAAAAAA IIIIIIIIIIIIIIIIIIIIIIIIIIII
This was the shareholder meeting…
I know. I voted.
But He’s asking if we should expected something in three months at earnings. I’m saying no.
Ohh I was just referring to positive earnings when I talked about the next earnings date. Not hoping for any announcements ever (anymore), just hoping for positive financials which only come once every 3 months
A certain stocks final auction is in a few weeks but the mods wouldn't want you to know about that
Oh God not that brand of tinfoil lol. We’ll I’ll hope for the best 🤞🏼
Because the basket DD is wrong and GME is the only stock ever to be targeted by abusive shorting 🤦♂️
No, but GME seems to be the only one capable to causing MOASS so I dont see how any other stock could help
Well, the MOASS is tomorrow so there’s that
Alrighty guess ill just get back to regular life til September and hope for the best
Is that picture at the bottom a quote?? If so this is epic
Is indeed. From him directly this morning
Thats fucking EPIC!!!
💯
Does anybody know where I can listen to a recording?
Found one!
Thanks!
https://event.webcasts.com/starthere.jsp?ei=1612706&tp_key=983e1692bb
Ive been refreshing all day, and it finally works to listen again!
Hah, thanks! I’ve been refreshing the IR page and assumed that maybe I wasn’t looking in the correct place. 👊
☝🏽 Please ☝🏽
Was this recorded? I didn't get a chance to listen
https://event.webcasts.com/starthere.jsp?ei=1612706&tp_key=983e1692bb
You should be able to listen now
Thank you
probably someone did, but they did say that streaming it (and i think recording?) weren't allowed.
Are you DRS’d?
No
Yep.
I don’t sparkles there is DRSd, unless she wanted to correct me? Let’s see shall we? Downvotes, not a good sign, a little defensive?
lol, shill central up in here. get fucked idiots
That's just superstonk now lol
Or it was just a really boring meeting and nothing special
Your comment being down voted is exactly what's wrong with the sub.
Everything is extreme. Nothing is allowed to be boring.
You're either fully on board, or you're a shill.
I want to go back to the curiosity of the sub in 2021.
Yea but the comment you're replying to is saying RC speaking in an earnings call isn't exciting. I fucking freaked out personally.
That's fine, you're allowed to be excited. His words just, didn't say much of strategic value or add to the meeting topics.
👆
My 8904 shares are fully committed. I agree. No one can be critical anymore. It’s been multiple years. They need to start being a little more transparent. I get working in secret for a bit but it’s been long enough.
You don't tell the entire military what the battle plans are. The highest ranks know and everyone else is on a need-to-know basis. It's never going to be worth the risk of the enemy finding out the plan.
This is war and RC is leading us victory.
Na. They can keep hiding their hand. It changes nothing for me. I'll keep buying and drs.
Nah i dont see that perspective. The information we have now vs 2 years ago regarding the direction and progress of the company is far more. Theyve been revealing only whats important while hiding their gameplan from wallstreet. This is exactly what i want to see in a company trying to succeed vs such overwhelming opposition.
Bravo to Ryan Cohen and this incredible team. I look forward to the future catalysts and will continue waiting patiently.
2 years is minimal when it comes to major league buisness success, after all
My 4K shares agree with you.
alot of shills in the sub trying to bring us down
What was the banger of news from the meeting that you think Shillas are trying to temper down?
Who wrote this for him?
The punctuation and use of plurals is a bit lacking.
This isnt the original script. Im assuming he wrote it himself before the meeting
This is the worst downvoting I've ever received. Don't know whether to laugh, or run and hide.
Fukkin intransitives.
gesundheit
This is just a transcription
Anything about the NFT Marketplace and milestones? Got about 7 months left for the milestone 4 and 5 and since the NFT marketplace is pretty close to doing nothing and making no money, I'm sure those milestones are still like 90% off.
It was a 2 year goal, and time is 75% gone, there should be something being said about this.
edit: milestones 4 and 5, not 3 and 4.
https://www.sec.gov/Archives/edgar/data/1326380/000132638022000012/a102-grantagreement.htm
https://www.viewourmaterial.com/GME/gme_ar.pdf
You have to read their reports for updates, 3rd milestone was reached already.
She has spoken….
Yes. milestone 3/4 was just a fat fingered 4/5.
https://www.sec.gov/Archives/edgar/data/1326380/000132638022000012/a102-grantagreement.htm
The effective date was, scrolls back to top of page, January 28, 2022 (the “Effective Date”)
So little more than 7 months to reach $1.5b and $3b in sales. Any updates on where those sale numbers are? I'd be surprise if they are 1/4 of the way to $1.5b as the marketplace has been pretty much nothing.
2 fucking years ago we were all hyped for the marketplace, it has been a complete flop for where it is at today. They need to give some updates if this isn't what it's supposed to be. Their own milestones for goals are coming close to the agreed upon deadlines.
I see this as an investment in (digital) infrastructure on RCs part, before he launches something massive that he is keeping close to the chest.
Telephones needed electrical infrastructure before the phones were made commercially available and until phones came out people thought "who is this idiot hanging building all these poles and hanging wires?"
So far this is the most sense i've seen here today.
It be totally different if the NFT marketplace was actually doing something big and being used and integrated into gaming and all that stuff people were expecting, but it's just a jpeg/gif marketplace for 99% of it for the last 18 months. People stopped tracking sales/revenue after the first month cause it was already less than $1,000 a day.
They got paid for milestone 3 which is for the "bona fide public release" so as far as we are concerned, what we have right now is the product. Sure it can be updated and more added later, but 18 months later this is still it with no road map laid out to what it could become.
Perhaps they will agree those ‘extension periods’ in light of a lack of web3 games yet launched.
I mean sure, it's on the contract. As a shareholder I'd still like to know to some extent what's going on with the NFT marketplace that has so far been a huge disappointment.
Comment deleted by user
I think Illuvium was the AAA game they were focused on. But it's seen a couple delays that may be grounds for a milestone extension. I believe they delayed for a Sept 2022 release and are now saying November 2023.
nice to see the links. thanks for that
So Matt is out ???
has been since June 05 afaik
Yes I knew that but just that not for long tweet made me hope that something else was at play probably..anyhoo thanks for all you do
Oh yeah, I'm still not sure what that was about exactly😅
So for looks like Cohens: Not for long, tweet was a jab
Yes the guy notorious for staying quiet about company plans decided to break that silence and take an out of character jab at a former employee while also implying they made a poor decision hiring him. Or, you know, he also is stepping in to a role he himself said he doesn’t like to do, and he’s saying not for long. It’s not that complicated
He posted not for long after (not before) furlong was terminated. Points to note: 1. Furlong was terminated, did not resign or his contract ended 2. Why did they put him on the Vote?
Not really because Matt is only gone because his 2-year contract was finished as planned.
Edit... I was wrong.
https://news.gamestop.com/node/18946/html#d174400dex101.htm
Id say it’s a big stretch to say it was planned, why was voting for him as ceo even an option if this was at all planned? Not to mention the dick move of waiting 30 minutes before earnings to tell his oh si valued investors
thats a nice rock ya got there
Was his firing not clear?
I guess I was hoping that he was out but not for long
🥵🥵🥵🥵
credit to dreadfulol for transcribing this amazing speech
Really.
What happened to punctuation, and plurals ???
It’s a transcription you donut
So what?
Some reason why it can't be punctuated correctly?
No reason, except the risk of getting something wrong. A comma where Ryan didn’t pause might look correct grammatically but alter the meaning.
Let’s eat grandma.
God damn inspiring right here!! Let’s go!
Eventually you guys will realize that Cohen wants to keep you hyped so you stay in. It keeps the company afloat with capital for restructuring. The thing is, at this point we don't really need hype. We need progress and updates on the restructuring.
Some of these people forget that the only reason we're in gme is for "MOASS"
If RC were to come out and just say "MOASS isn't a thing guys" the stock would evaporate
He DOES want to turn the company around though, he needs us to stay in but is working for us at the same time.
That's the point I was making that it seems a lot of people missed: it's not like there's selling without hype. People don't hold for years out of hype.
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Almost at -50
Damn, who hurt you?
Missed milestones did
That was your takeaway hedgie?
I'm still holding shares I bought around $280...
Lol same
How dare you ask to actually know what the company is doing
He just spent $10 million to buy more on Friday. I think he's pretty hype too.
The progress is on the quarterly and annual reports. The projects they're working on get announced when they're released and not before then usually.
He bought at about the same dollar value in 2022…good while ago…and price has gone down to 17 twice since then so yeah..
I don't doubt for a moment that Cohen believes in himself. I'd just appreciate more than hype
Agreed...feels like a different year from last year. Last year we had a plan about the NFT marketplace and the Stock Split Dividend. This year, there isn't really much they're putting out there for us to get excited about other then "actions speak louder than words", which isn't the best thing to hear after the news about Furlong and the not so great quarter they just had.
LMAO.. rc is regarded, confirmed!
No kidding. But yeah the comment was further about the milestones is what really sets the goals set vs goals achieved. They gave milestones listed in a comment above should really check out milestones 4 and 5
NFT marketplace hasn’t really launched in a meaningful way. I’m hyped about the future of the marketplace once it’s in full swing
Personally I think it's not hype from RC.
The hype for this meeting was generated on our side, not theirs.
Although Cohen said he doesn't want to show his hand to the competition, so I don't think you'll get what you're looking for.....
Idk, I'm not expecting a breakdown of the future game plan, but do they even highlight how they're cutting costs of operation? Personally, I'm curious as to how sales of things other than games have fared, since they've pushed hardware a little more heavily
I trust he’s doing what he needs to be doing. Y’all gotta relax with the “bUt TheReS nO gUidAnCe!!!
It’s been years. It’s insane to argue that is ok.
It’s been years and I’m still holding. Those who thought this was a quick short squeeze play shouldn’t be here! I’m an investor not a trader 🤣
That was literally what the gospel DD was for the longest time, squeeze to the moon. Then when that was obvious it wasn’t going to happen you guys moved the goalposts that it was never a short squeeze and it’s about the fundamentals. At least be truthful and don’t lie and own up to it that you guys thought it would squeeze and it did and now you’re hoping for a big turn around.
"How will this general win the war, he hasn't even told his enemy his plans yet..." 😂
So did they pay off that French loan? I didn’t hear it mentioned.
0% interest.
Ryan can keep my public money as I’m more confident to my homie than my president.
😂not paid off yet.
That pesky French Loan /s
We 💜 our french loan🥖
I'll be sad when the loan is paid off, it's mildly reassuring that it keeps popping up every quarter.
Right! Our french loan 🥖
Awesome thanks for real info.
Look, I love how he's all about doing the work, but there hasn't been a single inclination that any work is being done to fix the naked short selling of his companies stock. That would be really nice to focus on for a second but is ignored at all costs.
Please give us your step by step plan on how to fix it in your opinion.
It's been covered many times, but there are optoins with an NFT dividend or doing some sort of share recall due to the blantent over selling.
He claims blue collar, but in the end he hasn’t addressed shit. In his interview with the real dd sub. When asked about January 2021: he simply replied it was Interesting lol WTF you didn’t think it was unlawful, bullshit, against blue collar? Corruption manifested? Nope just interesting lol. Put us out of misery and just fucking release an nft divdend either there are naked or not and let’s fucking get on with it instead of this sunken cost falacy that’s been our lives for fucking years
Agreed. Talk is cheap but I ain’t seeing much actions against the naked short sellers. No mention of them destroying the stock or screwing over shareholders. That’s unacceptable
Just do an Nft dividend, he knows the talk in these subs, did he not regente a meme made in reddit subs when he posted buttfarm69 chairman meme. But yet nothing about shorts, nothing on nft dividend, fired furlong the one he brought in…
The only thing of substance that has come out since this whole thing started is the NFT marketplace. And nearly a year later it's still nothing but overpriced jpegs.
Yep
Fair point, but of course 28 downvotes in 7 minutes.
Yep, my shit on another comment just got immediate 40+ downvotes and I got the shill treatment. Per usual whenever bringing up anything real or truthful.
I’ve been holding this bullshit 3+ years, because at least some decent info would come from Reddit now and then. But ever since their ipo announcement this has just been a joke. Can’t say ANYTHING here that goes against the narrative, at all. Otherwise you’re a shill! I’m literally being called a shill for holding 1,600 shares of GameStop by a dude that has only ever posted a $60 dollar receipt.
You can keep talking all the shit you want, but I've been around through all the evolutions of all the subs. I've posted my (pre-split) xxx holding to the DRS bot elsewhere - just because you can't see it in a cursory search of my post history is your problem, not mine.
But sure, keep treating your anecdotal evidence like it's truth, as if everything is actually as lack or white as you claim it is. Besides, I retracted my shill claim almost immediately and clarified it... but posting that truth would go against the argument you already convinced yourself of in your head.
Try not to be put off by the loud lunatics from either ends of the spectrum
Lol and it just keeps going. This place has turned into the echochamber is never wanted to be.
always has been u just slept
I’ve been here since the beginning; it was a place of research and proof in the beginning but devolved.
There is no proof of naked shorting on GameStop in 2023 other than tinfoil theories.
Ahh yes. Imagine Ryan Cohen's speech:
Why not?
A stranger on Reddit is a reliable source as long as they have a " Magic trick that SHFs hate" /s
His job isn't to stop shorts. His job is the make the company profitable.
Bullshit tell that too the Overstock ceo who actually addressed it an did something about it
I don't care about overstock.
I only care about the performance of my company.
My company…our company lol let me tell you the preforms me has not been good, nor the communication remember when furlong was out on 5th and everyone saw RC tweet not for long meme reference and everyone was sure furlong would be out somewhere else and now it turns nope he’s really home and RC really tweeted a meme about firing a ceo 2 days before earning and NOT telling us haha
His job is to do what’s in the best interest of the company as well as the shareholders. There are a million arguments as to why repressed price and short selling hurt both.
Categorically untrue.
He doesn't have a fiduciary responsibility to the share price. He only has a responsibility to the company's results. That's it.
He does have a fiduciary duty to the company and it’s results which are absolutely impacted by the share price and markets view of the company. There is no debate on that; if you can’t understand that I can’t help.🤷♂️
What's the fucking plan? This silence shit can't go on forever!
Why are you being downvoted? It’s your right as a shareholder to express your opinion. Lots of people inquiring about future guidance. Jesus superstonk is extreme, not a good look
Nah we don't do that here. Blind faith with zero questions.
oh shit is it tomorrow already?
that's what you said about today yesterday.
Did they explain the firing of Furlong? It’s a big deal and needs to be explained to shareholders
His vision did not align with the boards.
I thought he resigned?
He was fired from CEO and resigned from the board. They talked about it in the call. The company did not want to endorse his nomination since they fired him.
Terminated doesn't mean fired.
Terminated literally means fired.
It does when the board terminates someone.
If he had resigned, it would instead be "Matt resigned,'" or "Matt has terminated his role "
The company didn't even recommend him for a board seat.