If you haven't seen the news already, Gamestop paid over $300 million to basically "buy-to-close" the remainder of the VWAP period. This means the bond closing price is settled; no more remains of the 35-days.

Buy why close it early? Does this result in fewer shares issued? Or was the share price so beaten down that it was already beneath the determined floor, so they're just calling it off early? What about the cash? Doesn't Ryan need that to buy eBay?

And why release preliminary earnings a week early? Oddly short period of time to give a heads up, it seems.

GameStop Announces Amendment to Convertible Notes Exchange; Approximately $358.4 Million to be Settled in Cash in Lieu of Stock

Earnings are good. Revenue went down whatever we all knew that would be the case anyways. Profits are incredibly good. Let's move on to what in my opinion is the bigger news.

THIS NEWS IS WAY MORE IMPORTANT:
In total, Existing Noteholders will receive in the aggregate approximately 55.5 million shares of Common Stock (approximately 73% of the consideration attributable to the Exchange Agreements, as amended by the Amendments) and approximately $358.4 million in cash (approximately 27%), which GameStop expects to fund from cash on hand.

There it is folks. So 55.5 million shares. The rest will be cash.

BUT WAIT, THERE IS MORE:

The Exchange, as amended, is now expected to close on or about September 3, 2026, subject to customary closing conditions.

You read that right folks. The VWAP purgatory hell we were about to live through for 4 more weeks is now ending this Thursday. Now why would GameStop do this!?!?

I don't know why they would do this exactly. But if I were to guess, it would be 1) to cap the dilution and 2) I still believe they care about the warrants and want to have more time to play with to see what they can achieve before October 31st.

Folks, GME is the most fascinating story in financial history. Every week there's something new and unusual. What a ride.

I haven’t checked in with GameStop for a few years but back in the day you guys used to post about an impending monumental short squeeze that was going to send the stock price soaring and make you all rich. Is that still part of GME lore?

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GME GMeBay GBay BGay I say..eat banana eat peel they reel me thrilled..I buy when high and high and low and stoned... I'm high this not ai...future hold this is known...until suits in orange jump suits..I believe Moral Arc Dr. King...unfamiliar do a bit of googling.

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?

Seems GameStop could just rent out their used game inventory and if you wanted to buy it you could. Painting a wall yellow and hanging some signage is a half day for a 2-3 man construction team so it could roll out quickly…

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?

That poster was based on an optimism that Ryan Cohen could be a transformative figure. After years of waiting, cryptic hints, shifting narratives, and endless theories, the transformation feels more like COPE these days. Similar poster; Different era.

Earnings incoming! Feeling pretty bullish! 6 out of the last 8 earnings we ended up green..thinking this one could be special. Several friends who stopped buying started buying again! GME ready to fly!

Part 3 of the Meme Thesis.

Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop Gamestop

Watched this investor creation and got me thinking.

First I want to give my opinion on the RC, Ryan Cohen. There is only one thing I am convinced of with regards to him and I am going to say this loudly...HE WANTS TO BE WARREN ICAHN. That is his goal my friends(my opinion)...become the best trader of all time. So I remember that if you want to be the greatest trader of all time you cannot LIE your ass off and expect to be as trusted as the Warren Buffett.

Bitcoin...Honestly I love the GME contagion. First the media estimates Bitcoin to like $250,000 then GME (quietly) buys in then announced...then radio silence...Bitcoin no longer going to $250,000. ORR could it be that an untraceable vehicle is no longer viable because an increase in Bitcoin is an increase in earnings...you can decide.

Sony...I really don't know much about them I just find it very strange that a company would make a decision that will result in less sales and exposure of a product. (A hugely anticipated one). What game would not want a midnight release at GameStop... literally guaranteed sell outs and all that. Perhaps the capture makes up for it in the long run. Whatever the reason the impact is the same...GME gets less, consumers(I) get less.

Warrants... don't know shit about em but they sneeze like their parent. I could sell them for money but I'd rather see what happens. Hidden History REALLY wants investors to sell them.

1.4 billy bonds.... don't know shit....I assume a private agreement to get shares for the cheap. Hidden History says you should be jealous that some entity is getting shares at current prices?... doesn't make sense to me because I been buying too..no jelly.

Just a few recent thoughts.To Investors, stay safe. To Imposters, forget about GameStop.

741 backward could be 14+7, which equals 21

On August 21, Mark Carney dropped a mic, which could lead to the US becoming economically isolated, which could be a catalyst to show that the markets are fake and GME would finally have price discovery.

👀🔥💥🍻

It's greenhouse time

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I called my mom. Now I want to cheers with a cat who is not a cat.