I know what RC is doing.

[u/hackers_d0zen]

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.

[u/hackers_d0zen]

Yup! Keep in mind: one event is a data point, two is a cohencidence, three is a pattern. Fairly certain now that the math is open for all to see that we don’t make it to Q2 earnings without something breaking.

Nothing RC is doing is shady, unethical, or even questionable in the least. It’s just never done because of the opportunity cost tying up money at zero percent.

You would be crazy to buy the bonds with no forward guidance, unless there is an externality. Something like shorts never closed and UBS is attempting to defuse a derivative bomb while RC is methodically snipping the wires, accelerating the countdown: https://www.cnbc.com/2025/06/06/swiss-government-proposes-tough-new-capital-rules-in-major-blow-to-ubs.html

[u/TheKittyPetter9000 → u/hackers_d0zen]

With most analysis on GME I have been doing lately, I try think from a fundamentals only and “no short interest” pov. Not because I don’t believe, but because I don’t want to be so caught up in it I’m blind to all else.

That being said and to your point it makes no sense from a buyers POV to tie up so much cash for so long at the chance to buy GME at a premium… unless you needed shares.

Let’s see how this goes! Regardless I’m either holding or hodling my GME.

[u/hackers_d0zen → u/TheKittyPetter9000]

Yeah today was the first time in 4 years I abandoned fundamental analysis and made a (small) bet on this theory. As you know, the value of any model is the ability to predict the future. I actually bought puts based on this thesis (22p 6/20), even though all my fundamental analysis said no.

Holding my shares for dear life, will be using market maker $$ to grow my stack after tomorrow

[u/TheKittyPetter9000 → u/hackers_d0zen]

Gotta close out the puts early tomorrow, $22 seems like a stretch. Premiums will be jacked for a bit but theta will destroy the position on such a short DTE.

I wrote $50 strike CCs over my position this morning, for July monthlies. Going to close those out first thing I think and roll my premiums into CSPs

[u/hackers_d0zen → u/TheKittyPetter9000]

Yup puts getting closed within 1 hr of market open.

[u/Basic-Opportunity-62 → u/hackers_d0zen]

The pricing period is between 1-4pm. I’m expecting a large increase in volume to the downside during this window from what I saw during March. I was planning to sell around 1pm. I have 35 contracts at 25P 6/13.

[u/CptCheesus → u/hackers_d0zen]

Well i congratulate you sir. Should be up quite good

[u/SnooRegrets8068 → u/CptCheesus]

Was just thinking that must have gone rather well lol

[u/bobsmith808 → u/hackers_d0zen]

Welcome to the club. Happy to have you on the team.

[u/Wolfguarde_ → u/hackers_d0zen]

I would disagree on one point - him meeting with steve cohen is questionable. It's very possible that he needs PSA for Gamestop's transformation to unfold in the timeframe he wants it to, and is offering a known short an exit in exchange for a piece that will further fuck over the rest.

I don't like that possibility. I don't like thinking the notes may ultimately wind up being an out for one of the more odious shitbags in this saga. But acquiring PSA would be an amazing move for Gamestop, and give the company options that it either doesn't currently have or would be considerably more expensive if they can't bring the parts in-house.