u/PauPauRui

Here's the current GME institutional ownership breakdown: Overall ownership Institutions: 35.07% | Insiders: 22.30% | Retail: 42.63% (wallstreetzen)

Top institutional holders Institution % Value

Vanguard 8.52% $1.01B (wallstreetzen)

BlackRock 7.87% $936M (wallstreetzen)

State Street 2.78% $331M (wallstreetzen)

Geode Capital 1.64% $195M (wallstreetzen)

Norges Bank 0.89% $106M (wallstreetzen)

Invesco 0.82% $97M (wallstreetzen)

Susquehanna 0.79% $94M (wallstreetzen)

Vanguard and BlackRock are the big two, as expected. The 35% institutional level is notably low vs. peers like BBY (~89%) — retail still dominates GME's float.

Wearing his fucking leather jacket and avoiding the real questions. GME WILL TURN YOUR SHARES TO SHIT. SShareholders will fund the ebay purchase and lose everything. Never forget bad bath and beyond dirty deal.

Don't trust RC because he's going to dilute again. Our shares will be worthless.

So GME is down over a dollar today because sentiment is negative.

Doubts about the eBay acquisition financing.

Multiple outlets report that GameStop’s bid relies on “highly confident” letters rather than committed capital, which is making investors nervous.

I really like Popeyes, but I know it's bad for me, so I only have it once a month. So once a month, I have my treat all by myself.

Normally, I go to the Popeyes in Cinnaminson, but I noticed that the soda machine hasn't worked for the last 3 or 4 times I went. So for the last 4 months, it hasn't worked.

This was never an issue for me but this last time it pissed me off that the machine is always broken. So, I went up to the counter and asked for a free refill and immediately I was told that I would have to pay an extra 50 cents for a refill because the drinks behind the counter are different. I dont care about the 50 cents but i wanted to make a point that the machine is always broken and the reason they are doing it is so they don't have to give you refills.

The guy did give me a refill at no charge, but he told me it was a one-time only. I think he missed my point, and if they don't want people to have the free refills, they should just take the machine away.

I'm posting this because I think it's time I give up Popeyes because it's bad for me and now disappointing too.

,

,

It is now at 1.04 loss per share. Thats 4.17% in the red.

Wake up MO FO

"Regarding GME: Hypothetical my solution may be, yet it is remarkable how a scalpel can be used differently than a meat cleaver. The reason I put so much thought into my structure.was not to make ir complicated. I wanted to avoid dilution and recourse debt, and I felt Ryan would want to maximize his ownership of the combined entity. I also was interested in preserving NOLs. All while achieving similar post deal EBITDA to more debt heavy, dilutive approaches.

As well, I took the challenge as breaking new ground and revolutionizing capital markets strategy at face value.

Perhaps I just thought it was obvious that maximizing function while minimizing blood loss ,and recovery time would be the goal.

What is happening instead makes perfect sense. Ryan is following the incentives before him. His compensation package by focusing on incentivizes on market cap and EBITDA obvious incentivized 10x dilution of shareholders while guaranteeing that in that event, he would mostly be kept whole.

While most GME bulls are taking this as that 100B market cap is a 10x type of incentive for shareholders, Ryan is proving the opposite. The whole structure, if done twice, gets him a stake 10x more valuable by diluting shareholders 10x. His proposal is almost halfway. By done twice, I mean he would do eBay then do a similar trick again.

Ryan is promising huge cost cuts and massive jumps in profitability. This also makes sense. It is the Wall Street playbook. If eBay doubles its EBIT margin of 20% to 40%z, it would be on par with Meta and 50% better than Alphabet.

But it will would not get eBay to a spot where it could pay off the debt in a few years, as Ryan is promising.

The debt level needed to get this deal done would likely take 7-10 years to pay down and even then only if all capital was directed to such a task.

My solution would have broken new ground and would have required a CEO in full control of its board to ignore the incentives in his new pay package. Makes perfect sense that did not happen.

It almost never happens. Which is why Warren Buffett is so respected."

Please join r/coolaidstocks and discuss other stocks.

Thank you

For you, brave souls and risk takers. XNDU is up over 2 dollars today.

We're moving on up like the Jeffersons.

We made 80 cents today.

2 days of rebound. Not bad.

My therapist said I needed to be more positive.

GME offered $125/share in "cash and stock" That means each eBay shareholder would receive a combination of:

Some cash per share

Some GME shares per share (at an exchange ratio set at deal close)

The exact split hasn't been fully detailed yet, but if we assume roughly 50/50:

~$62.50 in cash

~$62.50 worth of GME stock (converted at whatever GME's price is at closing)

eBay shareholders do NOT keep their EBAY shares. Those get cancelled/retired.

They either: Take the cash portion and walk away.

Hold the GME shares they received and become GME shareholders in the combined company.

Sell the GME shares immediately after receiving them (many institutional holders do this, which adds selling pressure on GME post-close).

The risk for eBay holders

The stock portion is tricky — if GME's share price drops between the deal announcement and closing (which can take 6–12 months), the value of what eBay holders receive drops with it. That's why eBay's stock is trading well below the $125 offer price right now — the market is pricing in deal risk and uncertainty about GME's ability to close.

Cash portions are locked in. The stock portion floats.

Ryan Cohen (GameStop CEO) is unlikely to succeed in acquiring eBay with the current $56 billion unsolicited bid (around $125/share, ~20% premium), primarily due to massive financing gaps, valuation mismatch, execution risks, and eBay's probable rejection.

1. Financing Doesn't Add Up (The Core Math Problem)

GameStop ($11-12B market cap) is trying to buy a much larger company ($46B eBay valuation). The proposal is roughly half cash, half Gamestop.

GameStop has ~$9B+ in cash/liquid assets. "Highly confident" financing letter from TD Securities for up to ~$20B debt.

Even adding GameStop's market cap, there's a ~$16-20B shortfall that would require heavy dilution via issuing new GME shares.

Cohen's CNBC interview was widely seen as combative and evasive—he repeatedly said "the details are on our website," claimed not to understand the question, and leaned on the ability to issue stock without addressing the gap clearly. This eroded credibility and contributed to GME shares dropping ~10% while eBay rose only modestly (well below the offer price).

Heavy dilution would punish existing GME shareholders, making the deal unattractive to them and complicating approval.

2. Size and Strategic Mismatch

eBay is several times larger than GameStop in market value, revenue, and operations. GameStop has been shifting toward collectibles (e.g., Pokémon/TCG) and has physical stores, while eBay is a mature online marketplace. Synergies (e.g., using GME stores for fulfillment/authentication, $2B cost cuts) sound plausible on paper but face huge integration challenges: different business models, cultures, and tech stacks.

Analysts and markets are skeptical—eBay shares didn't surge to the offer price, signaling doubt about completion or value creation. Turning the combo into an "Amazon competitor" is a bold vision but unproven at this scale for a meme-stock-linked retailer.

3. Hostile/Unsolicited Nature and eBay's Response

No prior talks with eBay management. eBay's board will review it (standard process), but they have "perverse incentives" (per Cohen) to resist—stronger bargaining power, potential for a higher bid from others, or simply rejecting a smaller, riskier buyer. Hostile takeovers of this size are rare and often fail without overwhelming support.

eBay shareholders would need to accept a large portion of volatile GME stock (tied to meme dynamics and dilution) in exchange for their shares. Many would likely prefer cash or a premium from a more stable acquirer.

4. Broader Risks and Precedent

Regulatory/Approval Hurdles: Antitrust scrutiny for a combined e-commerce player, plus shareholder votes on both sides.

Execution Track Record: Cohen succeeded with Chewy and stabilized GameStop's cash position, but this is orders of magnitude larger and more complex.

Market Sentiment: Seen by many as overreach or even a troll/4D chess move tied to GME short dynamics, but skepticism dominates outside dedicated retail investor circles.

Bottom line: The bid highlights ambition (and possibly leverages GME's cash pile and stores creatively), but the numbers, interview optics, and power imbalance strongly suggest it fails or gets heavily renegotiated/diluted into something else. Cohen has surprised people before, but the fundamentals here point to low odds of a clean win. This is developing news—watch for eBay's formal response and any revised terms.

We made 33 cents a share today.

Not bad after 3 dollar losses.

Being positive

Gamestop hasn't even announced any substantial details about ebay and the market is not a big fan of the news. It already dropped 4 bucks a share in 2 days.

Whats next?