All of GameStop’s nearly $1 billion in cash is now at Ryan Cohen’s unilateral discretion.
RC can now use GameStop’s money to buy stocks of other companies, which may or may not involve any mergers or acquisitions.
What is really interesting and exciting about this, to me, is that it puts “our” money into his hands. It’s our money because we are GME investors, and shareholders are the owners of companies, and GameStop’s money is part of the shareholder equity that belongs to shareholders.
Ryan Cohen has a vision and a strategy, and access to valuable information, and he does not telegraph his strategy to the competition. We don’t know specifically what his intentions are, we don’t know specifically what his strategies are.
What we do know is that our interests are in alignment.
We shareholders are in alignment with the RCEO because he is also a (major) shareholder. If RC makes a move that benefits GameStop, it benefits all GME shareholders including himself and us.
If RC takes a strategic investment opportunity, we are all going along for the ride.
This is pretty great, in my opinion, because assuming that you trust RC, it means all a person needs to do is hold GME, and they will get exposure to whatever strategic investments that RC might make. As for me, I trust that RC has a better capability than myself to wisely invest in any non-GME assets.
I can’t wait until MOASS in 2133, it’s going to be so lit. I just have to hold these nearly worthless tickets until then. I’m so glad I invested a bunch of money into this and don’t feel conned at all!
I can relate to your resentment. The stock market feels like a con, and that’s because it is. I ask people, unrelated to this community, “Do you think it’s rigged?” Invariably the answer is yes. What do you think can be done? Do you really think selling will help?
I haven’t sold, I didn’t even use the word or suggest it in any way, but it’s been YEARS now with zero signs of anything we uncovered over that time resulting in anything, I’ve just watched my money disappear slowly but surely.
How quickly did you expect Ryan Cohen to turn GameStop around? The conflict against short sellers of Herbalife took five years (“Bill Ackman Surrenders in His Five-Year War Against Herbalife”).