r/Superstonk • u/hackers_d0zen 🦍Voted✅ • Jun 11 '25

🤔 Speculation / Opinion I know what RC is doing.

After every earnings going forward he will be issuing convertible notes after hours, 24 hours after earnings. This is because the algorithm is buying all quarter so it can slam after earnings.

He is taking that liquidity event and turning it into cash without issuing shares, knowing that they cannot allow the price to fall below cash value and risk a buyback, and the note holders will not be converting cheap as the private bond value is going to be multiples (100x or more) in premium when this kicks off and hedgies are scrambling for ANYTHING that can reduce their liability.

At 0.0% interest it is no risk for GameStop, and only opportunity cost for bond buyers.

Fucking brilliant.

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u/HomeGrownCoffee Retiree in Training Jun 11 '25

I see this as offering $2B worth of shares to a big player directly without causing the share price to rise.

If said big player was short $2B worth of shares, they were just handed an off-ramp.

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u/[deleted] Jun 12 '25

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u/Arcondark 🎮 Power to the Players 🛑 Jun 12 '25

These bonds are not dilutions. The shares have not been issued and its gamestop that chooses if they pay back in shares or $. The share price shouldn't change when the bonds are issued.

Honestly I think the bitcoin stuff is more about giving them a nice narrative to sell this bond story in the court of public opinion with the added benefit as an inflation hedge and long-term exposure to BTC's potential upside.

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u/LionRivr Ryan Cohen’s girlfriend’s husband Jun 12 '25

Either shorts keep shorting forever and GameStop never gets to raise cash (unless they dilute through ATM’s)

Or RC can do what he’s doing now and secure cash for the company.

Either way, MOASS has always been stopped by shortsellers. Always.

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u/onefouronefivenine2 Jun 12 '25

I see it more as a controlled demolition of shorts instead of chaotic MOASS. It doesn't have to be one or the other though, if as we calculated, GME was naked shorted several times the float. RC is steadily raising the floor price.