Friday - March 31, 2023

Today's newsletter will take 2.03 minutes to read.

DRS UPDATE: 54.45%* (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Thursday recap

• GameStop NFT update

• Did you know?

• Looking More into the Filings

Good Morning! This is Mother Squeezer, the newsletter that helps navigate you through the convolution and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

The algo's were at it again. Yesterday, BBBY released updates and the algorithmic trading programs shorted the stock to a new low.

Yesterday, just before and shortly after the market opened, Bed Bath & Beyond released a few filings (424B5 and 8-K) and announcements (here and here).

Here's some words from Sue:

There's a lot to unpack, so if you're inclined to read them, put on a fresh pot of coffee and find a comfy chair.

Or, you can view the insights we provide from u/Region-Formal below.

Thursday Recap: BBBY traded between a low of $0.59 and a high of $0.81 before closing at $0.59. Trading volume was 160.71 million shares.

Cost to borrow: There were 0 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has remained extremely elevated at 86.2%.

Pre market: Bed Bath and Beyond is trading down $0.04 to $0.55 a decrease of 6.84% on over 6.2 million volume.

Max pain: The current max pain for BBBY has remained at $1.00.

Thursday Recap: GME traded between a low of $22.11 and a high of $22.83 before closing at $22.50. Trading volume was 3.48 million shares.

Cost to borrow: There were 300,000 shares available earlier this morning. Currently there are 200,000 remaining. The cost to borrow has remained steady at 15.1%.

Pre market: GameStop is trading down $0.03 to $22.47 a decrease of 0.13% on almost 10 thousand volume.

Max pain: The current max pain for GME has remained at $23.00.

GameStopNFT tweeted:

So which is it - Pirate, Ninja or Knight?

Did you know?

B. Riley Financial has facilitated mergers & acquisitions with familiar names such as:

PNC, Redbox, Celsius, Shell Energy and Honeywell

Looking More into the Filings

see this thread discussion here

and this one here.

u/Region-Formal does an excellent job interpreting the announcements from yesterday.

What's our take? Overall, nothing has changed...we're just one day closer to seeing how this thing plays out. The share price is irrelevant but the time horizon is shrinking.

Spread the Word

We love Ryan Cohen and think he's the greatest Activist Investor of our generation. We are passionate followers of his moves and words and would love for others to know more about this great leader. We feel strongly that life is all about learning who to follow. If you have someone that needs more RC in their life, share Mother Squeezer with them!

Some of our Favorite Resources

Start Here

BBBY: ThePPShow

GME: Richard Newton

Computershared.net

For errors, omissions or if you have something to share? Let us know!

Financial Disclaimer: None of this is meant to be financial advice. We love Ryan Cohen, RC Ventures, GameStop and Bed Bath and Beyond, and like learning and sharing these insights and commentary.