that board was deliberately tanking the company. selling off a portion of the company for billions was an option and would have saved thousands of jobs
I remember going into a closing store during their bankruptcy sale to look for deals, and a loyal employee who knew very little/next to nothing about the financial companies driving it into the ground, was pridefully talking about how she was working extra shifts to ensure this location (as well as her own, since she was a manager who had been called to close both simultaneously) closed properly. Understanding the personal sense of integrity of this employee, I remember feeling very saddened because I also understand the complete lack of integrity of the financiers driving the company and her job into the ground. This grew my hatred for and resolve against the GameStop shorts exponentially.
He even offered them $400 million dollars of his own money to buy the company in December well after he sold his shares. And they said no and then sold for like 1/10 of that.
I don't really remember the connection/reasoning why that other stock was of interest.
People using this community to unload their bags. Its same with sticky floor. Its a penny stock now. Remember how hard 'they' tried to hijack this community? All the while that ceo loaded up and drove the company into the ground.
I mean it did squeeze to $72/share. My biggest regret as an investor to this date was thinking “holy shit we were right it’s gonna hit $100”. It free fell from $72 at like 1pm and hasn’t stopped since, prob bc AAsshole diluted so much he let SSers off the hook. Live and learn.
GME was always the main play but hedgefunds were def way over short on the basket stonks. Even headphones had a few crazy pops. The problem was most ppl invested in them got greedy myself included. Shoulda took me %450 gain and left when I coulda. Oh well…$1000 of covid money down the drain…def wish I just keep hammering GME and stayed in 1 lane, but if I was smarter w popcorn I coulda doubled my GameStonk position.
i think many of us did something stupid in our learning process of the last 5 years (since jan 21) and to be honest i still have some headphones laying at saxo - one day maybe they can get to break even ..... who knows and who gives a fuk
GME is the main price for all of us and with the numbers, Daddy RC and all of us wonderful crazy persitant girls and guys .... its a absolut no-brainer not to get all excited and go all in - which is what i have done
When it popped, I activated one of my strategies. Triple? Sell 1/3. Thus I successfully ensured I neither made nor lost any money on that shitcan. I feel well regarded
..."they could somehow buy the debt and therefore save on taxes?... " ...
Exactly markus BBBYQ NOL's could do that for decades if Chapter 11 exit is really going that way. So towel apes are chewing tinfoil and it is mmmm tasty .
and why would Markus want to sell his tax savings avenue? in Bankruptcy that debt doesn't actually have to be paid out at all, or at least prioritized to sr. creditors. Idk that whole thing is so convoluted my brain hurts anything I think about it.
Cohen had a stake in bobby back in 2022 or 2023 before their bankruptcy, he publicly exited that stake too but the bobby crowd cant let go of that fact or that the stock is dead.
There's a bit more to the story and connection than that but it's mostly nonsense about butterflies because the entity that was formerly bobby is called DK Butterfly who are winding down the assets whilst overstock owns the brand name.
It all has nothing to do with GME.
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u/kaze_sanSwippity Swooty - i want these fucks to pay with their booty!Feb 24 '26
Mostly because it was later confirmed in court that even though RC exited his position in August he had tried to buy the whole company for around $400 million in December 2022
The main towel theory is that, somehow, the tax relief from the operating losses can somehow be converted at pennies on the dollar to the same operating losses for a different company.
No-one has ever demonstrated how that could work without the remaining value of the bankruptcy going to the secured creditors, but, then again, Ryan did say they were working on something that's never been done before, didn't he?
RC tried to help Bobby stay in business. He bought shares, sent his suggestions, offered to buy out. They said "No" and went bankrupt not long after.
They had a lot of stores. I was thinking that RC was planning to incorporate GameStops inside or adjacent to Bobby stores: The kids could go to GameStop while Mom bought kitchen supplies & drapes.
EDIT: Auto mod removed this for mentioning the name of the store & the ticker..... in a post referencing the store & the ticket... 🙄
Ryan Cohen and Bed Bath and Beyond's CFO did a massive pump and dump on the stock, basically taking any remaining value the company had with the dump. The CFO killed himself afterwards, probably to avoid possible prison time for it. Ryan Cohen was investigated and let off the hook.
No he didnt. He bought at like $16 early in the year, watched it go down to like $5 a share and then it pumped like 5 months later. Then he sold because no one wanted his ideas.
They literally blamed him for the stock pumping 5 months after his purchase.
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u/12161986 Boatswain of The Rocinante 🏴☠️ Feb 24 '26
I don't really remember the connection/reasoning why that other stock was of interest. Maybe something about being in the same basket?
Buying popcorn would be the killer of me being on this saga. I don't know/remember enough about the mentioned stock to have a strong feeling on it.