Monday - April 3, 2023

Today's newsletter will take 2.73 minutes to read.

DRS UPDATE: 59.46%* (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Friday recap

• GameStop NFT update

• Did you know?

• The Latest FTD Data for BBBY

Good Morning! This is Mother Squeezer, the newsletter that is looking forward to April Showers and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

What crazy weather we've seen in some parts of the country. It's been pretty beautiful where we are, but there could be a violent storm brewing in the markets.

There have been several references to April 3rd for BBBY, and you know what? That's today.

If only we had a crystal ball, that worked, we could tell you what's to come.

The BBBY board sent out the proxy material to vote on an upcoming reverse split. We're still waiting on a date but it appears April could be an active month.

Friday Recap: BBBY traded between a low of $0.42 and a high of $0.55 before closing at $0.43. Trading volume was 169.81 million shares.

Cost to borrow: There were 750,000 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has remained extremely elevated at 78.3%.

Pre market: Bed Bath and Beyond is trading up $0.03 to $0.45 an increase of 6.01% on over 12.5 million volume.

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

Friday Recap: GME traded between a low of $22.15 and a high of $23.07 before closing at $23.02. Trading volume was 3.88 million shares.

Cost to borrow: There were 1,000,000 shares available earlier this morning. Currently there are 800,000 remaining. The cost to borrow has remained elevated at 14.5%.

Pre market: GameStop is trading down $0.08 to $22.94 a decrease of 0.35% on around 45 thousand volume.

Max pain: The current max pain for GME has dropped to $22.50.

GameStopNFT tweeted:

Hello, April.

Did you know?

The Mayflower originally was set to sail with a sister ship.

The Pilgrims initially sailed from the Netherlands back to England on a ship called the Speedwell. In England, they met up with other passengers before leaving for the long trip to North America on the Speedwell and the Mayflower. The Speedwell didn’t get far before it started to take on water and all passengers had to then board the Mayflower, though some on the original passenger list stayed home.

“The Mayflower was crowded,” Beiler says of the 102 passengers and 30 crewmembers on the 100-foot ship. “But they found out later they actually could have used more people.” (source)

The Latest FTD Data for BBBY

Look at the chart below:

See all the white bars to the right? That's FTD volume. Now compare that to the left side of the chart - see how it's increased so much over the year? This is one of the mechanisms for driving the share price so low, failing to deliver the underlying asset, in this case, authentic shares of BBBY.

If these fails-to-deliver are ever required to be delivered, that could be one of the catalysts to send this thing soaring. As you can see from the table, the "Close Out Date" for those FTDs begin later this week.

One last thing, friends...many investors feel a deal has already been completed. This would make sense to us as the BBBY executives haven't addressed the diminishing share price. If that is the case, we're just waiting on something official to be announced.

Many are looking for an announcement as early as this week - which could serve as the initiator in turning this ship around.

Once this happens, this thing may flower into something beautiful.

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.