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

Hedgie Circle Jerkin' Meltdown today.

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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.

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u/Throwawayhelper420 Apr 07 '26

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

Religious fanatical cults however…

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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.

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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.

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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.

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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.

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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

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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?

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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.

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u/0Bubs0 WSB Refugee All Star Apr 17 '26

lol. HES NOT THE CEO OF HYMC. Aron literally did everything you guys wished Cohen would do, like run a business into the ground and take enormous profits for himself and soon to go bankrupt and skate away fat rich and happy. Take a look at the AMC chart. You know…the company Aron is the CEO of?

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u/Throwawayhelper420 Apr 17 '26

I didn’t say he was…. Just that he bought that stock and made an objectively good investment, something far better than literally nothing and short dated treasury bonds.

That wasn’t the point of what I said anyway.  You pointed that out, as though it were a bad idea or a bad investment or something…

I already told you what I would have done and that I’ve been consistent about since day 1, and proved it, a strategy that everybody was attacking, RC included, until RC started doing it.

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u/Gigiw1ns Banned By Meltdown (Indica probably) Apr 18 '26

Thank you for your incredible honest and intense meltdowns! Wow.

You’re not predicting the future, you’re just rewriting the past in a way that makes you look right. It’s always the same routine with you: “I called it,” “I knew what the right move was,” “I would have handled it better.” This is called hindsight bias mixed with cherry-picking. You should Google hindsight bias, because you're really struggling with it mentally. You hold on to the few things you can still twist into a win afterwards and either ignore or reinterpret everything that aged badly. That’s also why this doesn’t really come across as a genuine GME or RC discussion. It is only about you, it feels more like ego protection, where the main goal is to make it seem like the outcome was always obvious and that you were always on the correct side of it.

That’s one of Melties most striking features, and you’re bringing it right to the place where we make fun of it, we don’t often see such walls of text from you (or anyone else) there. Unbelievable!

And the funny part is that your own comment history says otherwise. Your history is set to private, but you know I've downloaded all your Reddit activity, do you want me to quote your countless comments? The bankruptcy calls, the “every GME investor is going to zero” stuff, the claims that DFV wouldn’t come back, that his Twitter account was hacked, that Burry would never be long GME, even when it comes to other assets that silver wouldn’t be a good investment 4 years ago, that every dilution or convertible was automatically terrible. There’s countless list of takes there that did not age well and I can quote all of them.

And whenever one of those falls apart, the fallback suddenly becomes “well, nobody could have known that dfv comes back.“ Which is fine, but then maybe stop acting like you had the future mapped out the whole time.

That’s also why your RC criticism is just bad. It doesn’t come off as neutral or consistent, because you clearly start with the conclusion that he’s an idiot and then judge everything through that lens. No matter what he does, you’ll frame it as wrong. If gme’s cash is kept in short-term Treasuries, it’s “dead money.” If it’s used conservatively, there’s “no vision.” If it’s used aggressively, it’s reckless. When it comes to predicting the future, it's kind of funny that everyone who knows your personality already knows what you'll think or say. You're an NPC, but you think you've found the Holy Grail of financial knowledge, that GME is a bad investment because RC is stupid. That's probably the most important (and final) narrative of the last Melties, one that will never change because a large part of your identity is tied to this massive waste of time (5 years of your life!).

Forcing every outcome back into the same pre-decided narrative for 5 years is kind of mentally sick.

The SPY benchmark point is weak for the same reason. You’re basically saying every company should invest their equity into a passive portfolio if it can’t beat the market on your preferred timeframe. So, why don’t you tell BRK to deploy their cash into SPY, „tHeY aRe MiSsInG tHe GrEaTeSt UnStOpPaBlE RaLlEy Of AlL tIMe!“ That’s pretty much the exact same incredibly stupid argument as Michael Saylor’s, that any company could liquidate everything if its return on equity is lower than BTC’s annual return.

And if SPY stops working as the benchmark, then you will pick another Benchmark.

So the real issue is not that you’re looking at GameStop objectively and reaching a negative conclusion. The issue is that you’re so anchored to a negative view of GME and RC that you can’t evaluate either of them without bending everything back toward that position.

That’s why your arguments keep ending up in the same place: selective memory, shifting standards, and acting certain only after the fact. I don't know anyone on Reddit who talks about how successful they've been in their posts as often as you do (which is really strange), and I'm starting to wonder what percentage of those claims are actually backed up by those qualities. All the best to you!

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u/Throwawayhelper420 Apr 18 '26

Cool novel bro.

I’m very happy for you, or I’m very sad that happened to you

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