Monday - October 31, 2022

Today's newsletter will take 2.67 minutes to read.

DRS UPDATE: 56.91*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Friday recap

• GameStop NFT update

• Did you know?

• New BBBY ATM Offering

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that [DOES SOMETHING] by bringing you clever life hacks, updates and insights, along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

It's the 31st of October and you know what that means...you're right! It's the last trading day of October. We started the month with BBBY at $6.09 and GME at $25.13. We wonder where we'll end today?

We plan on participating in some wholesome festivities this evening - dressing up as our customary witch and skeleton costumes. Why do skeletons have low self-esteem? They have no body to love. /joke

If you'll be entertaining this evening and had a Jack-o'-lantern carving accident, try this clever halloween life hack to salvage your pumpkin and make a hollow-ween impression:

Bonus: How do you fix a broken pumpkin? With a pumpkin patch!

Friday Recap: BBBY traded between a low of $4.48 and a high of $4.86 before closing at $4.59. Trading volume was 16.01 million shares.

Cost to borrow: There were 500,000 shares available to borrow this morning and as of now, 450,000 remain. The cost to borrow has dropped to 7.4%.

Pre market: Bed Bath and Beyond is trading up $0.19 to $4.78 an increase of 4.14% on over 500 thousand volume.

Max pain: The current max pain for BBBY has remained at $5.00.

Friday Recap: GME traded between a low of $26.42 and a high of $28.79 before closing at $28.17. Trading volume was 8.09 million shares.

Cost to borrow: There were 800,000 shares available earlier this morning. Currently there are 700,000 remaining. The cost to borrow has remained steady at 8.9%.

Pre market: GameStop is trading up $2.98 to $31.15 an increase of 10.58% on over 800 thousand volume.

Max pain: The current max pain for GME has climbed to $26.00.

GameStopNFT tweeted:

Halloween wouldn't be complete without SAW NFT game passes!

Did you know?

The Bank Panic of 1907, the Stock Market Crash of 1929 and Black Monday of 1987 all occurred in October. Barring an epic meltdown today, we made it through this one unscathed!

New BBBY ATM Offering

One of the reasons the BBBY price was in a downtrend over the past 52 trading days is because they were selling shares in order to pay down their 2024 bond obligations. Last week, Bed Bath and Beyond announced they'd be conducting another ATM offering. This time it was for up to $150 million worth of shares.

The current speculation is that this would be to continue to pay down their bonds which are due on May 1, 2024. This would strengthen their balance sheet and make them a more viable acquisition candidate.

Another theory is that these shares are going to be ready to sell off into an upcoming squeeze. Back in January 2020, GameStop did just that.

We're not sure what's coming. Time will tell, but for now we can only watch and continue accumulating shares.

Ryan Says

Ryan tweeted this a year ago:

Last Halloween, Ryan tweeted MGGA. Some think it's Microsoft, Google, GameStop and Apple. Others "Make GameStop Great Again". Regardless, we're one year closer to it happening!

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: Ben - Mr. Business

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.