u/DeepDragonfly7945

Ryan Cohen has been radio silent for a long time. For those of us that have been around for awhile know this, he has either been extremely cryptic or just dead silent.

Now all of a sudden he is like a butterfly that has left its cocoon.

He knows that we have an impenetrable shell. If what the MSM thought and more importantly what they published mattered, GameStop would already be bankrupt.

These latest moves from Ryan almost feel like him saying “I’m right here with you guys and we’re gonna diamond hand this shit together”. He is the grandfather Ape and his troll level is 741

He has immense vision that has been coming together for a long time. Since at least April 2019 as far as EBay, and who knows what else. It gives me major Thanos gathering the last infinity ring vibes.

I see it like fixing up an old truck… it seems like Ryan saw GameStop as the chassis and was always eyeing EBay as the engine to put in after the frame, axels, brakes, steering, etc. were perfect. Now it’s time to drop in that 56 billion horse power engine.

TLDR; RCEO is letting his balls swing in the wind and we should all be airing out our ape nuts too. We were right all along.

Edit: this worked out as a great honeypot to show the overwhelming bad actor stream into this sub

Hear me out guys. I know the stock took a 10% shit today and everyone is freaking out about the CNBC interview, but if you look at the actual math and the filings, my boi RC is playing these guys like a fiddle.

I’m sitting here watching the tape and the IV actually dropped today. The market makers and the merger arb funds are heavily shorting GME trying to push the narrative that we are going to dilute ourselves to death to buy eBay. I literally just used the fake dip to load up on more Jan 27 LEAPS because they are basically handing out mispriced leverage right now.

Let’s break down exactly what happened on live TV today and why RC couldn't give Andrew Ross Sorkin a straight answer about the financing.

The Math That "Doesn't Work"

Sorkin did the napkin math on CNBC this morning. At $125/share for eBay (half cash/half stock), GME needs to issue roughly 1.12 Billion new shares to cover the $28 Billion equity portion.

Here’s the problem: GameStop’s corporate charter has a hard cap of 1 Billion authorized shares. We already have 448M outstanding, plus RC's 171.5M option package, plus the 59M warrants. There literally aren't enough authorized shares left to legally fund this buyout.

Sorkin thought he had RC backed into a corner. RC played dumb. Why? Because under SEC Rule 14a-9, he legally cannot solicit proxy votes or discuss unfiled corporate restructuring on live TV.

The HoldCo Solution (The CUSIP Nuke)

How do you buy a $46B company when your charter limits your share count? You don't. You create a new Holding Company (Teddy, GME Holdings, whatever).

You reverse-merge GameStop and eBay into the new HoldCo. The new HoldCo gets a brand new corporate charter. You can authorize 5 Billion shares on day one. The share cap problem instantly vanishes.

But here is the real 4D chess move... when you form a HoldCo and reverse merge, a New CUSIP number is issued. Every single outstanding share, short position, and derivative MUST be reconciled by the DTCC to convert into the new entity. It is a literal CUSIP Nuke for naked shorts.

The 425 Filing & The Warrants

If you look at the SEC Edgar database, GameStop filed a Form 425 on May 3 (the exact same day as the bid). A 425 is literally a proxy solicitation document used for M&A combinations. It legally ties this eBay bid to our upcoming Annual Shareholder Meeting. They delayed the special meeting for his pay package so they could bundle the compensation, the HoldCo restructuring, and the M&A approval into one massive proxy vote.

And remember those warrants issued back in Oct 2025? They expire October 30, 2026. In a reverse merger, those warrants must convert into HoldCo warrants. The market makers who are short those adjusted options are going to be forced into a physical delivery crisis right as the new CUSIP forces a total ledger reconciliation.

TL;DR:

The 10% drop today is just standard merger-arb shorting and market makers suppressing IV to shake out retail. The eBay deal can't be funded under the current GME ticker, which means a Holding Company restructuring is fundamentally required to close the deal. RC went on CNBC to tease the bid, knowing the Proxy filing is about to drop and unleash the CUSIP Nuke.

I'm balls deep in Jan ‘27 LEAPS (113 contracts) and adding more while the IV is artificially crushed. 1300 base shares safely DRSd w/ 100 warrants.

I believe the hostile takeover has begun.

Sources:

Superstonk: https://www.reddit.com/r/Superstonk/s/JwHai0vigO

SEC EDGAR Form 425 Filing (May 3, 2026)

SEC EDGAR Form 8-K (Jan 7, 2026)

FY2025 10-K (Authorized Share Count)

CNBC Sorkin Interview (May 4, 2026)

WSJ eBay Bid Leak (May 1 & May 3)

Bbbwhy.com

Holy fuck it’s happening. I know a lot of people are looking at the press release and freaking out about the "50% GameStop common stock" part and screaming dilution. Just chill for a sec and look at the actual math of what my boi RC just did.

This isn't popcorn stock printing shares to pay off shitty debt and keep the lights on. RC is using stock to buy pure EBITDA. If we absorb eBay and RC slashes their bloated marketing budget by billions (like he said in the release), our earnings per share actually goes UP, not down. The pie gets sliced a bit more, but the pie itself just got like 5x bigger. It’s accretive, not dilutive to our actual value.

But here is the real 4D chess move... think about how a 50% stock offer actually works.

GameStop needs to come up with $28 Billion in stock to pay for the other half of eBay. If GME stays down here in the low 20s, RC has to print over a billion new shares to cover it. The big institutions holding eBay (Vanguard, BlackRock, etc) do NOT want a billion diluted shares.

But what happens if GME squeezes to $100? Or $500? RC only has to print a tiny fraction of shares to hit that $28 Billion mark.

He literally structured the buyout to weaponize the share price. The higher GME goes, the less dilution happens, and the better the deal is for the acquiring company. It puts the massive institutional longs on our side because they need the price to rocket to protect their payout.

Also, for anyone holding the physical warrants or the GME1 options right now... corporate warrants almost always have anti-dilution clauses. If GME issues a bunch of stock for an acquisition, the $32 strike price on our warrants gets adjusted DOWN to compensate. That means the $32 wall drops even lower, making it way easier for the warrants to go deep ITM and trigger a massive physical delivery crisis for the market makers who sold us those calls at the IV bottom.

Sheesh. RC didn't just target a consumer mega-deal, he built a legitimate Amazon competitor and used the shorts' own mechanics against them.

Don't let the merger arb algorithms dropping the price in pre-market tomorrow scare you. I’m balls deep in Jan 27 LEAPS and my base shares are safely DRSd in my name. The turnaround is done and we are going on the offensive. Buckle up.

Anybody else notice the massive entourage of “dilution” crying fud spreaders that just entered the chat?

This EBay takeover will completely change the valuation of a new mega conglomerate e-commerce giant that may be able to stand toe to toe with Amazon!

I for one am super stoked to see what RC and the board do with this juicy new bone in their mouths