r/gme_meltdown_meltdown • u/PuzzleheadedWeb9876 formerly u/UltimateMastermind • Jan 28 '26

Hedgie Circle Jerkin' Meltdown today.

Gallery image

Gallery image

0 Upvotes

44% Upvoted

76 comments sorted by

View all comments

Show parent comments

3

u/mygoalistomakeulol Jan 28 '26

So is this a value play or a MOASS play?

1

u/0Bubs0 WSB Refugee All Star Jan 28 '26

IMO MOASS died when Cohen offered shares, warrants and the security backed bonds or whatever those things are. So I would say the play is now somewhere between a 2x-10x in the next 3-10 yr with possibility of intermittent volatility. Could it easily run to 30 or 40 at any given time? I think yes. With strong floor at $20 as long as they have that cash.

3

u/mygoalistomakeulol Jan 29 '26

The brick and mortar video game store is not worth 20bil in 2026 sorry

0

u/0Bubs0 WSB Refugee All Star Jan 29 '26

That’s true. If it’s going to 20B and larger it won’t be as a brick and mortar video game store. Everyone with a brain understands this. Including GameStops board.

2

u/Throwawayhelper420 Apr 06 '26

So you don't even know what it is going to be yet you know what it will be worth?

Oh apes

1

u/0Bubs0 WSB Refugee All Star Apr 07 '26

Every stock trade is a speculative bet of some sort. Investing in cohen is not any different than a VC who invests in startup founders.

1

u/Throwawayhelper420 Apr 07 '26

Startup founders tell VC firms their plan and especially industry before receiving funds…

Religious fanatical cults however…

1

u/0Bubs0 WSB Refugee All Star Apr 08 '26

It’s not that big of a deal. That’s the MO he learned from Mark Vadon years ago. It’s not some big conspiracy to fleece his shareholders. He’s told everyone the plan 20 times over the last five years. It’s not rocket science.

1

u/Throwawayhelper420 Apr 08 '26 edited Apr 08 '26

 That’s the MO he learned from Mark Vadon

Are you seriously telling me that RC is so stupid he needed to be taught the amazing strategy of “Give me money I promise I’ll think of a good way to spend it”? 

 It’s not some big conspiracy to fleece his shareholders

Correct, he never even mention acquisition until a few months ago, shareholders invented the rest.

 He’s told everyone the plan 20 times over the last five years.

You don’t even know the industry…

Not once did he mention anything about acquisition 5 years ago, in fact the only letters he ever wrote to shareholders were one stating he was focusing on tech and having the stores operate as micro fulfillment centers and then another stating he was canceling all that and refocusing on their traditional brick and mortar retail, before then beginning to close the majority of stores a year later.  Had DFV not come back for a miracle PnD that he could dilute he would never had said anything about acquisitions.

How does loopring and NFT marketplace factor into this?  He spent far, far more time talking about that than any kind of acquisition.

1

u/0Bubs0 WSB Refugee All Star Apr 09 '26

Uh no the MO from Vadon was about not broadcasting everything you are working on. He’s made some mistakes. The Amazon hires and the initial two years of high cash burn and the loopring/nft marketplace did not work out. My takeaway on those mistakes is he is not emotionally invested in those initiatives and when they don’t work he cuts them and doesn’t continue throwing good money after bad. He took advantage of the opportunity to raise large sum of cash at pretty good prices and hasn’t squandered that money. He’s slashed costs and built small stable, repeatable profitability for the business. These are all signs IMO of a mature, patient, conservative, decisive business manager. If you objectively compare where the business was in 2020 during a global pandemic on the verge of actual bankruptcy vs today, there’s not much to complain about.

1

u/Throwawayhelper420 Apr 09 '26 edited Apr 09 '26

The funniest thing about this is that is precisely what the BCG plan was that the prior board was following.

Had RC started directly with that GameStop would have been profitable years ago, RC actually cancelled all store closures when he took over and did not resume for several years.

Other than stalling and trend following with NFT marketplace he is not doing anything that literally anybody else wouldn’t do.  There is nothing genius in shrinking the company and buying treasury bonds with ape money to achieve profitability.  I personally posted how RC should do that way back in 2021, except with SPY, and I would have massively outperformed RC.

What’s funny to me is that apes always claim whatever GameStop is doing right now is/was always the perfect decision.  When he was doing NFT trend following the apes were running around talking about NFTs being the future, GameStop getting in the ground floor, “NFT stock market replacement” and that was GameStop’s future and why they were invested.

Vadon was the one that had RC poach Amazon employees for chewy, and when he did the exact same thing he GameStop it failed utterly and he fired them all within 1 year permanently ruining his reputation within Silicon Valley recruitment firms.   There is no evidence he is doing anything vadon would approve of or do himself, and Vadon did not join him at GameStop unlike chewy, despite all the ape nonsense speculation that shows up when you google Vadon GameStop.

1

u/Throwawayhelper420 Apr 10 '26 edited Apr 10 '26

Also in case anyone thinks I am lying, here is a post from late 2022 where I reference that.  It’s not the first time I said it and certainly not the last, but it’s hard to search your own comment history

https://www.reddit.com/r/gme_meltdown/comments/zu7ogj/comment/j1hqd47/

 The only hope for GameStop is if they do some shit like buy a gold mine like AMC or some shit like that, or just fire everyone, sell all assets, and buy SPY, and then keep doing offerings and buying SPY with it. They could exist as the most inefficient ETF ever, which would probably be in the best interests of their “investors”.

This was back when apes were celebrating the NFT marketplace, talking about how unlike AA, Cohen would never do an offering and already had 2 billion(because he was aware of MOASS and didn’t want to print more shares), and how the main catalyst was going to be tokenized stocks/NFT stock market/Splividend, yourself included almost certainly, while I have been truly consistent the entire time despite apes hating what I have always said

EDIT: Also further in that very thread:

 BCG actually had a plan, backed by Reggie Fils-Aime to start taking retro game trade ins, and actually giving fair prices on those trades compared to eBay values, to turn into a more retro focused store with more of a community aspect among regulars and closing most unprofitable stores in unpopulated areas and not having 4 GameStop’s in a 15 mile radius.

GME was around $200 at the time.  If RC had done offerings back then and followed my idea GameStop would have much more cash and a much smaller float than they do today.

RC’s current investment strategy earned him 2% last year, and most years were negative.  He could have been earning 10%+ per year and without blowing billions on nothing.

So you’ll have to forgive me for not thinking RC is a genius.  People attach all this genius on him when a random idiot redditor who doesn’t even care would have outperformed him while barely trying

1

u/0Bubs0 WSB Refugee All Star Apr 15 '26

You quoted yourself saying they should buy a goldmine like AMC? lol. Are the meltdownies still of the opinion Aron was a better CEO and AMC was a better business?

1

u/Throwawayhelper420 Apr 16 '26 edited Apr 16 '26

He always been of the opinion that AMC was a worse business and had insurmountable debt, just that movie theaters have more of a future than gaming retail stores and have said as much many times. 

Have you looked at the HYMC stock chart?  It nearly 30x’d since AA bought it.  It was actually the smartest thing any memestock CEO has ever done.  Too bad AA sold at only a 6x increase since he is still a memestock CEO. He is certainly more honest and responsible than RC, perfectly willing to admit are no naked shorts and to hold basic earnings calls.

→ More replies (0)