this post was submitted on 08 Dec 2023
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DRS Your GME

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All of GameStop's nearly $1 billion in cash is now at Ryan Cohen's unilateral discretion.

RC can now use GameStop's money to buy stocks of other companies, which may or may not involve any mergers or acquisitions.

What is really interesting and exciting about this, to me, is that it puts "our" money into his hands. It's our money because we are GME investors, and shareholders are the owners of companies, and GameStop's money is part of the shareholder equity that belongs to shareholders.

Ryan Cohen has a vision and a strategy, and access to valuable information, and he does not telegraph his strategy to the competition. We don't know specifically what his intentions are, we don't know specifically what his strategies are.

What we do know is that our interests are in alignment.

We shareholders are in alignment with the RCEO because he is also a (major) shareholder. If RC makes a move that benefits GameStop, it benefits all GME shareholders including himself and us.

If RC takes a strategic investment opportunity, we are all going along for the ride.

This is pretty great, in my opinion, because assuming that you trust RC, it means all a person needs to do is hold GME, and they will get exposure to whatever strategic investments that RC might make. As for me, I trust that RC has a better capability than myself to wisely invest in any non-GME assets.

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[–] [email protected] -4 points 11 months ago (1 children)

Nice. Let's see what he does, if anything. Watching the board and chair work when unencumbered, and then evaluating the results helps investors to gauge trust and allocate their capital accordingly.

Show us the plan Mr. Cohen. Enough moving in silence and the dark. I'm ready for bigger plans and bigger moves toward increasingly positive profitability and returns for shareholders here.

[–] [email protected] 9 points 11 months ago (2 children)

I wouldn't expect him to start telegraphing his moves now. It's a big part of his ethos.

His actions speak quite plainly though. Looks like we're on track for a profitable year.

[–] [email protected] 6 points 11 months ago* (last edited 11 months ago) (1 children)

That's fair. It does seem to be part of his ethos and I shouldn't expect a leopard to change its spots. Guess I'm just interested to see more progress.

If it's profitable this quarter, then I'm in favor of the "moving in silence" bit. If it's not profitable I'd prefer more clarity, at least on the plans. If not from him, then from the company or another representative. The crypto/web3 stuff seems to have stalled a bit waiting for more regulatory clarity. But if it's just the calm before the storm of positive moves, then so be it.

[–] [email protected] 6 points 11 months ago

Considering q4 is always their best I'm pretty confident on profitability. Christmas, plus January they get Christmas and kids spending Christmas money all in 1 quarter.

It's a shame about the regulatory delays for the web 3 stuff. But it looks like IMX is on a roll and will finally start having more games next year. I've been waiting on Guild of Guardians myself. Should have been out by end of this year, but I'm ok taking delays instead of a buggy release. Games take so long to develop!!

[–] [email protected] 1 points 11 months ago (1 children)

He sure posts a lot for someone who never says anything.

[–] [email protected] 5 points 11 months ago (1 children)

He's averaging at just over 2 tweets per month this year 😂

[–] [email protected] 1 points 11 months ago* (last edited 11 months ago) (1 children)

Posts more than I do.

Says nothing.

Praise RC though. 😂 Baggie brains.

[–] [email protected] 2 points 11 months ago

And you've commented 9 times today on Lemmy, you're almost halfway to beating him just counting today. Congrats! I hope people like what you're saying.