Current Events > New development in GAMESTOP GME debacle

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WingsOfGood 04/08/22 4:13:58 PM #1:	BCG suing gamestop for abandoning their consultancy plan which would likely have killed and bankrupt gamestop. Since gamestop abandoned it, they have hit their targets and are doing well and BCG wants a cut of that. Just another layer in the capitalist BS system. When a company starts struggling and begins to be shorted, a gutter trash consultancy firm enters to hasten them on their way to doom. These consultancies get paid either way (that is why they are suing) and have clauses like, "if our plan utterly sucks and you abandon it, we will sue you." But if you follow it, then you go bankrupt and who knows if OMG CONSPIRACY they are partly paid off by the shorters to do this. Likely. https://www.reddit.com/r/Superstonk/comments/tz2ktm/bcg_vs_gamestop_lawsuit/ BCG is the people Mitt Romey got his start at: https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/ Romney started off at the Boston Consulting Group, where he showed an aptitude for crunching numbers and glad-handing clients. Then, in 1977, he joined a young entrepreneur named Bill Bain at a firm called Bain & Company, where he worked for six years before being handed the reins of a new firm-within-a-firm called Bain Capital. <cite>WingsOfGood posted [p:964129695] in New develo... [t:79977650]...</cite> <quote>BCG suing gamestop for abandoning their consultancy plan which would likely have killed and bankrupt gamestop. Since gamestop abandoned it, they have hit their targets and are doing well and BCG wants a cut of that. Just another layer in the capitalist BS system. When a company starts struggling and begins to be shorted, a gutter trash consultancy firm enters to hasten them on their way to doom. These consultancies get paid either way (that is why they are suing) and have clauses like, "if our plan utterly sucks and you abandon it, we will sue you." But if you follow it, then you go bankrupt and who knows if OMG CONSPIRACY they are partly paid off by the shorters to do this. Likely. https://www.reddit.com/r/Superstonk/comments/tz2ktm/bcg_vs_gamestop_lawsuit/ BCG is the people Mitt Romey got his start at: https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/ <quote>Romney started off at the Boston Consulting Group, where he showed an aptitude for crunching numbers and glad-handing clients. Then, in 1977, he joined a young entrepreneur named Bill Bain at a firm called Bain & Company, where he worked for six years before being handed the reins of a new firm-within-a-firm called Bain Capital.</quote></quote> ... Copied to Clipboard!
WingsOfGood 04/08/22 4:15:04 PM #2:	One of the redditors tl;dr. I have no idea if it is accurate: The wording is obtuse (as legal docs are) but in simple TLDR: BCG and GME had an agreed SOW that GME was to execute on specific actions according to BCGs plan. BCG would continue to advise GME on correct courses of action throughout the process to ensure projected targets were hit. BCG would be compensated based on hitting those targets and/or exceeding them. GME did contractually agree to following this procedure. GME began the plan following BCGs guidance for a brief period of time until new CFO (and other executives it sounds like) was brought on board. Under new management team, GME stopped following BCGs guidance and therefore broke terms of SOW agreement. SOW included a rider that GME must pay BCG in the event that GME stops listening to their instructions sort of like a if you dont follow our orders, you wont make our projections dead man switch. GME has refused to pay any further of BCGs fees though performance targets were met (though it sounds like they met those targets without BCGs direct guidance Reddit declaring judges paid off in prior cases https://www.reddit.com/r/Superstonk/comments/tn99hb/please_read_this_bcg_lawsuit_could_be_a_huge_trap/ <cite>WingsOfGood posted [p:964129727] in New develo... [t:79977650]...</cite> <quote>One of the redditors tl;dr. I have no idea if it is accurate: <quote>The wording is obtuse (as legal docs are) but in simple TLDR: BCG and GME had an agreed SOW that GME was to execute on specific actions according to BCGs plan. BCG would continue to advise GME on correct courses of action throughout the process to ensure projected targets were hit. BCG would be compensated based on hitting those targets and/or exceeding them. GME did contractually agree to following this procedure. GME began the plan following BCGs guidance for a brief period of time until new CFO (and other executives it sounds like) was brought on board. Under new management team, GME stopped following BCGs guidance and therefore broke terms of SOW agreement. SOW included a rider that GME must pay BCG in the event that GME stops listening to their instructions sort of like a if you dont follow our orders, you wont make our projections dead man switch. GME has refused to pay any further of BCGs fees though performance targets were met (though it sounds like they met those targets without BCGs direct guidance</quote> Reddit declaring judges paid off in prior cases https://www.reddit.com/r/Superstonk/comments/tn99hb/please_read_this_bcg_lawsuit_could_be_a_huge_trap/ </quote> ... Copied to Clipboard!
DarkRoast 04/08/22 4:24:16 PM #3:	Not only is this not illegal, it's not even a bad thing to do when it's clear a company is not solvent. And this is why I find GME / AMC stonks goofballs so irritating. GME and AMC are companies with exactly zero long-term solvency. No matter how much money you throw into them, or how much debt they pay off. They're not actually-functional companies anymore. At this point they are the brick and mortar equivalent of a pure speculative bubble. "Venture capital companies tear them down and sell them off!" Yes, because that's what happens to companies that aren't solvent. You profit off selling the scraps. That's the real world. These are the kinds of people who think gold-fringed flags mean the courtroom is an admiralty, or that they're a sovereign citizen if they walk backwards into a house on Wednesday. Short-selling isn't inherently wrong. Liquidating an unviable company isn't inherently wrong. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 <cite>DarkRoast posted [p:964130000] in New develo... [t:79977650]...</cite> <quote>Not only is this not illegal, it's not even a bad thing to do when it's clear a company is not solvent. And this is why I find GME / AMC stonks goofballs so irritating. GME and AMC are companies with exactly zero long-term solvency. No matter how much money you throw into them, or how much debt they pay off. They're not actually-functional companies anymore. At this point they are the brick and mortar equivalent of a pure speculative bubble. "Venture capital companies tear them down and sell them off!" Yes, because that's what happens to companies that aren't solvent. You profit off selling the scraps. That's the real world. These are the kinds of people who think gold-fringed flags mean the courtroom is an admiralty, or that they're a sovereign citizen if they walk backwards into a house on Wednesday. Short-selling isn't inherently wrong. Liquidating an unviable company isn't inherently wrong. </quote> ... Copied to Clipboard!
WingsOfGood 04/08/22 4:25:32 PM #4:	HOLY MOLY THIS WILD Page 4, Section 13.... After Mr. Kaufmans departure, however, Jim Bell, GameStops then-new (and now former) Chief Financial Officer, took over Mr. Kaufmans role in the profit improvement project and GameStop has since failed and refused to perform as required by the SOW. Specifically, under Mr. Bells management and since his departure in March 2021, GameStop has refused to pay significant amounts of BCGs fees, despite there being no legitimate dispute over BCGs full performance and the fees coming due. GameStop has also taken unreasonable positions, unilaterally demanding discounts on certain workstream fees with no justification, and *refusing to continue contractually-obligated meetings to confirm profit improvement estimates* and BCGs resulting fees. For these reasons and others discussed below, GameStop has breached the SOW and the implied covenant of good faith and fair dealing, and*therefore owes BCG approximately $30 million in unpaid fees.* These fees are based on PROJECTIONS not RESULTS. Seems the original gamestop board was trying to do an exit scam with this shady kind of tactic. These companies come in a lay off people and sell assets, then further ruin everything, but the execs and them get big payouts. And of course the shorters get what they want too. <cite>WingsOfGood posted [p:964130037] in New develo... [t:79977650]...</cite> <quote>HOLY MOLY THIS WILD Page 4, Section 13.... After Mr. Kaufmans departure, however, Jim Bell, GameStops then-new (and now former) Chief Financial Officer, took over Mr. Kaufmans role in the profit improvement project and GameStop has since failed and refused to perform as required by the SOW. Specifically, under Mr. Bells management and since his departure in March 2021, GameStop has refused to pay significant amounts of BCGs fees, despite there being no legitimate dispute over BCGs full performance and the fees coming due. GameStop has also taken unreasonable positions, unilaterally demanding discounts on certain workstream fees with no justification, and refusing to continue contractually-obligated meetings to confirm profit improvement estimates and BCGs resulting fees. For these reasons and others discussed below, GameStop has breached the SOW and the implied covenant of good faith and fair dealing, andtherefore owes BCG approximately $30 million in unpaid fees. These fees are based on PROJECTIONS not RESULTS. Seems the original gamestop board was trying to do an exit scam with this shady kind of tactic. These companies come in a lay off people and sell assets, then further ruin everything, but the execs and them get big payouts. And of course the shorters get what they want too. </quote> ... Copied to Clipboard!
WingsOfGood 04/08/22 4:26:43 PM #5:	DarkRoast posted... Not only is this not illegal, it's not even a bad thing to do when it's clear a company is not solvent. And this is why I find GME / AMC stonks goofballs so irritating. GME and AMC are companies with exactly zero long-term solvency. No matter how much money you throw into them, or how much debt they pay off. They're not actually-functional companies anymore. At this point they are the brick and mortar equivalent of a pure speculative bubble. "Venture capital companies tear them down and sell them off!" Yes, because that's what happens to companies that aren't solvent. You profit off selling the scraps. That's the real world. They are solvent now. If they were not they would been following this consultancy agreement. That is kinda the point. <cite>WingsOfGood posted [p:964130066] in New develo... [t:79977650]...</cite> <quote>DarkRoast posted... </cite> <quote>Not only is this not illegal, it's not even a bad thing to do when it's clear a company is not solvent. And this is why I find GME / AMC stonks goofballs so irritating. GME and AMC are companies with exactly zero long-term solvency. No matter how much money you throw into them, or how much debt they pay off. They're not actually-functional companies anymore. At this point they are the brick and mortar equivalent of a pure speculative bubble. "Venture capital companies tear them down and sell them off!" Yes, because that's what happens to companies that aren't solvent. You profit off selling the scraps. That's the real world.</quote> They are solvent now. If they were not they would been following this consultancy agreement. That is kinda the point. </quote> ... Copied to Clipboard!
DarkRoast 04/08/22 4:27:43 PM #6:	WingsOfGood posted... They are solvent now. If they were not they would been following this consultancy agreement. That is kinda the point. No they're not. They will never, ever be solvent. Period. End of story. Filling them with investment cash when their core business model is so tenuous that there are already consoles that don't even have physical media drives is just delaying the inevitable. GME and AMC aren't galaxy brain stock investment strategies - they're organized speculative bubbles that will inevitably collapse. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 <cite>DarkRoast posted [p:964130095] in New develo... [t:79977650]...</cite> <quote>WingsOfGood posted... </cite> <quote>They are solvent now. If they were not they would been following this consultancy agreement. That is kinda the point.</quote> No they're not. They will never, ever be solvent. Period. End of story. Filling them with investment cash when their core business model is so tenuous that there are already consoles that don't even have physical media drives is just delaying the inevitable. GME and AMC aren't galaxy brain stock investment strategies - they're organized speculative bubbles that will inevitably collapse. </quote> ... Copied to Clipboard!
Solid Snake07 04/08/22 4:30:12 PM #7:	WingsOfGood posted... Since gamestop abandoned it, they have hit their targets and are doing well and BCG wants a cut of that. https://gamefaqs.gamespot.com/a/user_image/5/4/7/AAD3UBAADHWj.png uh huh --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:964130160] in New develo... [t:79977650]...</cite> <quote>WingsOfGood posted... </cite> <quote>Since gamestop abandoned it, they have hit their targets and are doing well and BCG wants a cut of that.</quote> https://gamefaqs.gamespot.com/a/user_image/5/4/7/AAD3UBAADHWj.png uh huh </quote> ... Copied to Clipboard!
WingsOfGood 04/08/22 4:32:45 PM #8:	DarkRoast posted... No they're not. They will never, ever be solvent. Period. End of story. Filling them with investment cash when their core business model is so tenuous that there are already consoles that don't even have physical media drives is just delaying the inevitable. physical will never die and my statement is not based off of their stock perhaps you should look at their earnings reports but the stock thing DID help them solve debts they had https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results Raised more than $1.67 billion in capital and eliminated all of the Companys long-term debt, other than a $44.6 million low-interest, unsecured term loan associated with the French governments response to COVID-19. Ended the fiscal year with $1.271 billion in cash and cash equivalents and $915 million in inventory, compared to $635 million in cash and $602.5 million in inventory at the end of fiscal year 2020. Increased investments in inventory reflect the Companys focus on meeting heightened demand and mitigating supply chain headwinds. Dissolved their important debt and DOUBLE their on hand cash. <cite>WingsOfGood posted [p:964130235] in New develo... [t:79977650]...</cite> <quote>DarkRoast posted... </cite> <quote>No they're not. They will never, ever be solvent. Period. End of story. Filling them with investment cash when their core business model is so tenuous that there are already consoles that don't even have physical media drives is just delaying the inevitable.</quote> physical will never die and my statement is not based off of their stock perhaps you should look at their earnings reports but the stock thing DID help them solve debts they had https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results <quote>Raised more than $1.67 billion in capital and eliminated all of the Companys long-term debt, other than a $44.6 million low-interest, unsecured term loan associated with the French governments response to COVID-19. Ended the fiscal year with $1.271 billion in cash and cash equivalents and $915 million in inventory, compared to $635 million in cash and $602.5 million in inventory at the end of fiscal year 2020. Increased investments in inventory reflect the Companys focus on meeting heightened demand and mitigating supply chain headwinds.</quote> Dissolved their important debt and DOUBLE their on hand cash. </quote> ... Copied to Clipboard!
DarkRoast 04/08/22 4:32:48 PM #9:	The only people who think GME is some kind of braniac business revolution are people who know so little about business and economics that they've Dunning-Kruger'd themselves beyond all recognition. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 <cite>DarkRoast posted [p:964130238] in New develo... [t:79977650]...</cite> <quote>The only people who think GME is some kind of braniac business revolution are people who know so little about business and economics that they've Dunning-Kruger'd themselves beyond all recognition. </quote> ... Copied to Clipboard!
DarkRoast 04/08/22 4:34:11 PM #10:	Dissolved their important debt and DOUBLE their on hand cash. 100% irrelevant in regards to their solvency as a company selling a product or service. There are VHS rental stores with cash on hand and no debt. Sounds like a good investment! --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 <cite>DarkRoast posted [p:964130274] in New develo... [t:79977650]...</cite> <quote>Dissolved their important debt and DOUBLE their on hand cash. 100% irrelevant in regards to their solvency as a company selling a product or service. There are VHS rental stores with cash on hand and no debt. Sounds like a good investment! </quote> ... Copied to Clipboard!
WingsOfGood 04/08/22 4:34:48 PM #11:	Solid Snake07 posted... https://gamefaqs.gamespot.com/a/user_image/5/4/7/AAD3UBAADHWj.png uh huh https://gamefaqs.gamespot.com/a/user_image/5/5/0/AAefUOAADHWm.jpg <cite>WingsOfGood posted [p:964130288] in New develo... [t:79977650]...</cite> <quote>Solid Snake07 posted... </cite> <quote>https://gamefaqs.gamespot.com/a/user_image/5/4/7/AAD3UBAADHWj.png uh huh</quote> https://gamefaqs.gamespot.com/a/user_image/5/5/0/AAefUOAADHWm.jpg </quote> ... Copied to Clipboard!
Sexypwnstar 04/08/22 4:37:36 PM #12:	This is getting sadder --- http://i.imgur.com/Su4g5.jpg http://i.imgur.com/21DiJ.jpg <cite>Sexypwnstar posted [p:964130351] in New develo... [t:79977650]...</cite> <quote>This is getting sadder </quote> ... Copied to Clipboard!
DarkRoast 04/08/22 4:38:34 PM #13:	You're showing a revenue trend that decreases, my bro And an EPS trend that worsens dramatically That's like maximum death spiral --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 <cite>DarkRoast posted [p:964130374] in New develo... [t:79977650]...</cite> <quote>You're showing a revenue trend that decreases, my bro And an EPS trend that worsens dramatically That's like maximum death spiral </quote> ... Copied to Clipboard!
WingsOfGood 04/08/22 4:39:02 PM #14:	DarkRoast posted... There are VHS rental stores with cash on hand and no debt. Sounds like a good investment! Do you... like... not buy any physical games at all? <cite>WingsOfGood posted [p:964130393] in New develo... [t:79977650]...</cite> <quote>DarkRoast posted... </cite> <quote> There are VHS rental stores with cash on hand and no debt. Sounds like a good investment!</quote> Do you... like... not buy any physical games at all? </quote> ... Copied to Clipboard!
Solid Snake07 04/08/22 4:39:36 PM #15:	WingsOfGood posted... https://gamefaqs.gamespot.com/a/user_image/5/5/0/AAefUOAADHWm.jpg damn, howd you get earnings numbers for quarters that havent even happened yet? Thats pretty rad --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:964130399] in New develo... [t:79977650]...</cite> <quote>WingsOfGood posted... </cite> <quote>https://gamefaqs.gamespot.com/a/user_image/5/5/0/AAefUOAADHWm.jpg</quote> damn, howd you get earnings numbers for quarters that havent even happened yet? Thats pretty rad </quote> ... Copied to Clipboard!
DarkRoast 04/08/22 4:40:11 PM #16:	Solid Snake07 posted... damn, howd you get earnings numbers for quarters that havent even happened yet? Thats pretty rad I presume those are predictions, although if so... yikes --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 <cite>DarkRoast posted [p:964130414] in New develo... [t:79977650]...</cite> <quote>Solid Snake07 posted... </cite> <quote>damn, howd you get earnings numbers for quarters that havent even happened yet? Thats pretty rad</quote> I presume those are predictions, although if so... yikes </quote> ... Copied to Clipboard!
AldousIsDead 04/08/22 4:40:22 PM #17:	WingsOfGood posted... Do you... like... not buy any physical games at all? Vintage games. I don't think GME is doing a flourishing trade in SNES carts. --- In simplicity, utility. Through utility, simplicity. <cite>AldousIsDead posted [p:964130418] in New develo... [t:79977650]...</cite> <quote>WingsOfGood posted... </cite> <quote>Do you... like... not buy any physical games at all?</quote>Vintage games. I don't think GME is doing a flourishing trade in SNES carts. </quote> ... Copied to Clipboard!
WingsOfGood 04/08/22 4:41:56 PM #18:	Solid Snake07 posted... https://gamefaqs.gamespot.com/a/user_image/5/5/0/AAefUOAADHWm.jpg das google who reporting that but perhaps that gives more weight to that all green q1 <cite>WingsOfGood posted [p:964130454] in New develo... [t:79977650]...</cite> <quote>Solid Snake07 posted... </cite> <quote>https://gamefaqs.gamespot.com/a/user_image/5/5/0/AAefUOAADHWm.jpg</quote> das google who reporting that but perhaps that gives more weight to that all green q1 </quote> ... Copied to Clipboard!
Tyranthraxus 04/08/22 4:42:11 PM #19:	WingsOfGood posted... Do you... like... not buy any physical games at all? Not from GameStop --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://i.imgur.com/dQgC4kv.jpg <cite>Tyranthraxus posted [p:964130460] in New develo... [t:79977650]...</cite> <quote>WingsOfGood posted... </cite> <quote>Do you... like... not buy any physical games at all?</quote>Not from GameStop </quote> ... Copied to Clipboard!
DarkRoast 04/08/22 4:42:37 PM #20:	https://gamefaqs.gamespot.com/a/user_image/5/5/6/AAeEwGAADHWs.jpg Note that this chart ends in 2018. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 <cite>DarkRoast posted [p:964130470] in New develo... [t:79977650]...</cite> <quote>https://gamefaqs.gamespot.com/a/user_image/5/5/6/AAeEwGAADHWs.jpg Note that this chart ends in 2018. </quote> ... Copied to Clipboard!
WingsOfGood 04/08/22 4:42:52 PM #21:	AldousIsDead posted... Vintage games. I don't think GME is doing a flourishing trade in SNES carts. gonna be real with you guys, if you worried about scams and think GME is a scam ok that is fair but to then buy digital games you are getting scammed already lol (unless they dirt cheap like $3 steam games etc) <cite>WingsOfGood posted [p:964130475] in New develo... [t:79977650]...</cite> <quote>AldousIsDead posted... </cite> <quote>Vintage games. I don't think GME is doing a flourishing trade in SNES carts.</quote> gonna be real with you guys, if you worried about scams and think GME is a scam ok that is fair but to then buy digital games you are getting scammed already lol (unless they dirt cheap like $3 steam games etc) </quote> ... Copied to Clipboard!
DarkRoast 04/08/22 4:44:01 PM #22:	WingsOfGood posted... gonna be real with you guys, if you worried about scams and think GME is a scam ok that is fair but to then buy digital games you are getting scammed already lol (unless they dirt cheap like $3 steam games etc) GME isn't a scam. It's an organized speculative bubble using a dead company's corpse. And before you keep going with the "lol stop buying digital games" garbage... Of the four modern consoles out (Series S, Series X, PS5 Digital and PS5) two don't even have disc drives --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 <cite>DarkRoast posted [p:964130507] in New develo... [t:79977650]...</cite> <quote>WingsOfGood posted... </cite> <quote>gonna be real with you guys, if you worried about scams and think GME is a scam ok that is fair but to then buy digital games you are getting scammed already lol (unless they dirt cheap like $3 steam games etc)</quote> GME isn't a scam. It's an organized speculative bubble using a dead company's corpse. And before you keep going with the "lol stop buying digital games" garbage... Of the four modern consoles out (Series S, Series X, PS5 Digital and PS5) two don't even have disc drives </quote> ... Copied to Clipboard!
WingsOfGood 04/08/22 4:45:20 PM #23:	DarkRoast posted... https://gamefaqs.gamespot.com/a/user_image/5/5/6/AAeEwGAADHWs.jpg https://gamefaqs.gamespot.com/a/user_image/5/5/7/AAefUOAADHWt.png oh ya, if we count lootboxes in overwatch, skins in league of legends, ffxiv subscriptions, mobile games, mobile gacha content, lost ark purchased mats yeah we can REALLY REEEAAALLLY fudge the numbers to show what we want it to <cite>WingsOfGood posted [p:964130533] in New develo... [t:79977650]...</cite> <quote>DarkRoast posted... </cite> <quote>https://gamefaqs.gamespot.com/a/user_image/5/5/6/AAeEwGAADHWs.jpg</quote> https://gamefaqs.gamespot.com/a/user_image/5/5/7/AAefUOAADHWt.png oh ya, if we count lootboxes in overwatch, skins in league of legends, ffxiv subscriptions, mobile games, mobile gacha content, lost ark purchased mats yeah we can REALLY REEEAAALLLY fudge the numbers to show what we want it to </quote> ... Copied to Clipboard!
Solid Snake07 04/08/22 4:45:21 PM #24:	DarkRoast posted... I presume those are predictions, although if so... yikes they are, theyre also terrible numbers. Theyre predicting a slight turnaround in revenue thats been hopelessly dropping for the better part of a decade now. look, if you want to invest in GameStop to play this speculative game and stick it to the hedge funds that have long shut out their short positions on this casino, knock yourself out. But youre not going to make a convincing argument that GameStop is turning around, their entire business model is defunct --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:964130534] in New develo... [t:79977650]...</cite> <quote>DarkRoast posted... </cite> <quote>I presume those are predictions, although if so... yikes</quote> they are, theyre also terrible numbers. Theyre predicting a slight turnaround in revenue thats been hopelessly dropping for the better part of a decade now. look, if you want to invest in GameStop to play this speculative game and stick it to the hedge funds that have long shut out their short positions on this casino, knock yourself out. But youre not going to make a convincing argument that GameStop is turning around, their entire business model is defunct </quote> ... Copied to Clipboard!
DarkRoast 04/08/22 4:49:18 PM #25:	Solid Snake07 posted... they are, theyre also terrible numbers. Theyre predicting a slight turnaround in revenue thats been hopelessly dropping for the better part of a decade now. look, if you want to invest in GameStop to play this speculative game and stick it to the hedge funds that have long shut out their short positions on this casino, knock yourself out. But youre not going to make a convincing argument that GameStop is turning around, their entire business model is defunct I find it humorous that these people seem to think "paying off the company's debt" somehow makes a company viable. Because everything is fine when expenses outweigh revenues. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 <cite>DarkRoast posted [p:964130622] in New develo... [t:79977650]...</cite> <quote>Solid Snake07 posted... </cite> <quote>they are, theyre also terrible numbers. Theyre predicting a slight turnaround in revenue thats been hopelessly dropping for the better part of a decade now. look, if you want to invest in GameStop to play this speculative game and stick it to the hedge funds that have long shut out their short positions on this casino, knock yourself out. But youre not going to make a convincing argument that GameStop is turning around, their entire business model is defunct</quote> I find it humorous that these people seem to think "paying off the company's debt" somehow makes a company viable. Because everything is fine when expenses outweigh revenues. </quote> ... Copied to Clipboard!
WingsOfGood 04/08/22 4:50:24 PM #26:	Solid Snake07 posted... look, if you want to invest in GameStop to play this speculative game and stick it to the hedge funds that have long shut out their short positions on this casino, knock yourself out. But youre not going to make a convincing argument that GameStop is turning around, their entire business model is defunct Nowhere in this thread do I say to invest in GME. Solvency is the ability of a company to meet its long-term debts and financial obligations. Solvency can be an important measure of financial health, since its one way of demonstrating a company's ability to manage its operations into the foreseeable future. They are solvent. But I know you apparently have an interest in bashing GME stock itself. <cite>WingsOfGood posted [p:964130657] in New develo... [t:79977650]...</cite> <quote>Solid Snake07 posted... </cite> <quote> look, if you want to invest in GameStop to play this speculative game and stick it to the hedge funds that have long shut out their short positions on this casino, knock yourself out. But youre not going to make a convincing argument that GameStop is turning around, their entire business model is defunct</quote> Nowhere in this thread do I say to invest in GME. <quote> Solvency is the ability of a company to meet its long-term debts and financial obligations. Solvency can be an important measure of financial health, since its one way of demonstrating a company's ability to manage its operations into the foreseeable future.</quote> They are solvent. But I know you apparently have an interest in bashing GME stock itself. </quote> ... Copied to Clipboard!
DarkRoast 04/08/22 4:52:06 PM #27:	You know why GME is a dead company? Because it COSTS MORE TO RUN THAN IT MAKES IN SALES One solution is to get rid of all the stores and basically have zero operating costs while selling some meaningless BS or liquidating your IPs instead. Then you'd run a profit. (AKA what they were trying to do before GME stonkbois came in with their Big Brad Brains) --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 <cite>DarkRoast posted [p:964130705] in New develo... [t:79977650]...</cite> <quote>You know why GME is a dead company? Because it COSTS MORE TO RUN THAN IT MAKES IN SALES One solution is to get rid of all the stores and basically have zero operating costs while selling some meaningless BS or liquidating your IPs instead. Then you'd run a profit. (AKA what they were trying to do before GME stonkbois came in with their Big Brad Brains) </quote> ... Copied to Clipboard!
WingsOfGood 04/08/22 4:56:17 PM #28:	DarkRoast posted... You know why GME is a dead company? Because it COSTS MORE TO RUN THAN IT MAKES IN SALES This is actually not the reality of if a company is solvent or not. My company I work for had not made profit in a decade. They operated at a loss. Now they are reporting profit every year. Gamestop wasn't solvent, but now they are. They can operate at a loss for awhile thanks to paying off the debts and raising billion in capital. That is, they have more capital atm than their loss x 10. https://www.forbes.com/sites/joanverdon/2022/03/17/gamestop-reports-a-loss-but-calls-it-a-down-payment-on-its-future/?sh=5cc4185a673d GameStop surprised Wall Street with a net loss of $147.5 million in the fourth quarter of 2021, but the retailer said thats all part of its transformational game plan. CEO Matt Furlomg, in a brief conference call to announce the quarterly results, emphasized again that GameStops management is playing the long game, rather than aiming for short term profits. <cite>WingsOfGood posted [p:964130804] in New develo... [t:79977650]...</cite> <quote>DarkRoast posted... </cite> <quote>You know why GME is a dead company? Because it COSTS MORE TO RUN THAN IT MAKES IN SALES</quote> This is actually not the reality of if a company is solvent or not. My company I work for had not made profit in a decade. They operated at a loss. Now they are reporting profit every year. Gamestop wasn't solvent, but now they are. They can operate at a loss for awhile thanks to paying off the debts and raising billion in capital. That is, they have more capital atm than their loss x 10. https://www.forbes.com/sites/joanverdon/2022/03/17/gamestop-reports-a-loss-but-calls-it-a-down-payment-on-its-future/?sh=5cc4185a673d <quote>GameStop surprised Wall Street with a net loss of $147.5 million in the fourth quarter of 2021, but the retailer said thats all part of its transformational game plan. CEO Matt Furlomg, in a brief conference call to announce the quarterly results, emphasized again that GameStops management is playing the long game, rather than aiming for short term profits.</quote></quote> ... Copied to Clipboard!
ToPoPO 04/08/22 8:07:38 PM #29:	Are they censoring the Google searches? <cite>ToPoPO posted [p:964135056] in New develo... [t:79977650]...</cite> <quote>Are they censoring the Google searches? </quote> ... Copied to Clipboard!
Blue_Inigo 04/08/22 8:09:39 PM #30:	Who gives a shit about this stupidity --- "This is your last dance." <cite>Blue_Inigo posted [p:964135119] in New develo... [t:79977650]...</cite> <quote>Who gives a shit about this stupidity </quote> ... Copied to Clipboard!
Sexypwnstar 04/08/22 8:12:23 PM #31:	WingsOfGood posted... GameStop surprised Wall Street with a net loss of $147.5 million in the fourth quarter of 2021, but the retailer said thats all part of its transformational game plan. CEO Matt Furlomg, in a brief conference call to announce the quarterly results, emphasized again that GameStops management is playing the long game, rather than aiming for short term profits. Huge net loss in an established company, all part of the plan! --- http://i.imgur.com/Su4g5.jpg http://i.imgur.com/21DiJ.jpg <cite>Sexypwnstar posted [p:964135173] in New develo... [t:79977650]...</cite> <quote>WingsOfGood posted... </cite> <quote>GameStop surprised Wall Street with a net loss of $147.5 million in the fourth quarter of 2021, but the retailer said thats all part of its transformational game plan. CEO Matt Furlomg, in a brief conference call to announce the quarterly results, emphasized again that GameStops management is playing the long game, rather than aiming for short term profits.</quote> Huge net loss in an established company, all part of the plan! </quote> ... Copied to Clipboard!
DarkRoast 04/08/22 8:15:04 PM #32:	Sexypwnstar posted... Huge net loss in an established company, all part of the plan! Especially if the plan is "liquidate the company's assets and move on" --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 <cite>DarkRoast posted [p:964135224] in New develo... [t:79977650]...</cite> <quote>Sexypwnstar posted... </cite> <quote>Huge net loss in an established company, all part of the plan!</quote> Especially if the plan is "liquidate the company's assets and move on" </quote> ... Copied to Clipboard!
Solid Snake07 04/09/22 12:35:05 AM #33:	WingsOfGood posted... Nowhere in this thread do I say to invest in GME. didnt say you did. You do however seem to want to make the case that gme is more than just a stupidity overpriced meme stock. Even if theyre entire projected 6ish billion of revenue for 2022 were pure profit it would still be trading at about a 79 forward P/E ratio. Thats a crazy expected growth stock valuation on extremely inflated metrics that I can pretty much promise you they will never come close to. --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:964140623] in New develo... [t:79977650]...</cite> <quote>WingsOfGood posted... </cite> <quote>Nowhere in this thread do I say to invest in GME.</quote> didnt say you did. You do however seem to want to make the case that gme is more than just a stupidity overpriced meme stock. Even if theyre entire projected 6ish billion of revenue for 2022 were pure profit it would still be trading at about a 79 forward P/E ratio. Thats a crazy expected growth stock valuation on extremely inflated metrics that I can pretty much promise you they will never come close to. </quote> ... Copied to Clipboard!
Sexypwnstar 04/09/22 4:52:08 PM #34:	Did BCG or Ken Griffin get to TC? Where is he? --- http://i.imgur.com/Su4g5.jpg http://i.imgur.com/21DiJ.jpg <cite>Sexypwnstar posted [p:964154819] in New develo... [t:79977650]...</cite> <quote>Did BCG or Ken Griffin get to TC? Where is he? </quote> ... Copied to Clipboard!
Trumpo 04/09/22 5:00:35 PM #35:	Jim Cramer and the other paid hedge shills kidnapped op in a van <cite>Trumpo posted [p:964154989] in New develo... [t:79977650]...</cite> <quote>Jim Cramer and the other paid hedge shills kidnapped op in a van </quote> ... Copied to Clipboard!
DarkRoast 04/09/22 11:06:31 PM #36:	"Stock price = instant win" is truly the 21st century way to do business --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 <cite>DarkRoast posted [p:964162238] in New develo... [t:79977650]...</cite> <quote>"Stock price = instant win" is truly the 21st century way to do business </quote> ... Copied to Clipboard!
_BlueMonk 04/09/22 11:11:11 PM #37:	i dont know what any of this means is my gamestop stock gonna go up or down? --- JISOO JISOO <cite>_BlueMonk posted [p:964162343] in New develo... [t:79977650]...</cite> <quote>i dont know what any of this means is my gamestop stock gonna go up or down? </quote> ... Copied to Clipboard!
Questionmarktarius 04/10/22 12:04:43 AM #38:	WingsOfGood posted... oh ya, if we count lootboxes in overwatch, skins in league of legends, ffxiv subscriptions, mobile games, mobile gacha content, lost ark purchased mats The beauty of digital is that your small indie game doesn't need a physical release, and you can sell downloads for cheap instead of having to cover the overhead of manufacturing, shipping, and warehousing. If we ever get to the point where full-ass full-price games are download only, then that's the day my backlog finally starts shrinking. <cite>Questionmarktarius posted [p:964163447] in New develo... [t:79977650]...</cite> <quote>WingsOfGood posted... </cite> <quote>oh ya, if we count lootboxes in overwatch, skins in league of legends, ffxiv subscriptions, mobile games, mobile gacha content, lost ark purchased mats</quote>The beauty of digital is that your small indie game doesn't need a physical release, and you can sell downloads for cheap instead of having to cover the overhead of manufacturing, shipping, and warehousing. If we ever get to the point where full-ass full-price games are download only, then that's the day my backlog finally starts shrinking. </quote> ... Copied to Clipboard!
__aCEr__ 04/10/22 12:34:34 AM #39:	I don't know why you're so obsessed with Gamestop's stock, man. --- See you next Wednesday. <cite>__aCEr__ posted [p:964164013] in New develo... [t:79977650]...</cite> <quote>I don't know why you're so obsessed with Gamestop's stock, man. </quote> ... Copied to Clipboard!
WingsOfGood 04/10/22 8:50:34 AM #40:	Sexypwnstar posted... Did BCG or Ken Griffin get to TC? Where is he? Halp <cite>WingsOfGood posted [p:964169391] in New develo... [t:79977650]...</cite> <quote>Sexypwnstar posted... </cite> <quote>Did BCG or Ken Griffin get to TC? Where is he?</quote> Halp </quote> ... Copied to Clipboard!
ToPoPO 04/11/22 1:22:22 PM #41:	DarkRoast posted... "Stock price = instant win" is truly the 21st century way to do business Surely <cite>ToPoPO posted [p:964200214] in New develo... [t:79977650]...</cite> <quote>DarkRoast posted... </cite> <quote>"Stock price = instant win" is truly the 21st century way to do business</quote> Surely </quote> ... Copied to Clipboard!
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Current Events > New development in GAMESTOP GME debacle (+) Yeah! (+)

Current Events > New development in GAMESTOP GME debacle