Thursday - April 13, 2023

Today's newsletter will take 3.37 minutes to read.

DRS UPDATE: 54.83%* (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Ryan Says

• Wednesday recap

• GameStop NFT update

• Did you know?

• Incontrovertible Proof That BBBY is Undergoing a "Fundamental Transaction"

Good Morning! This is Mother Squeezer, the newsletter that is ready for things to get interesting and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

RC called in with another cryptic tweet, Region-Formal brings teaches us a new word and investors are talking hostile takeover!

Ryan Says

Ryan tweeted this yesterday afternoon:

We're focused on the ending...This *could* get interesting!

Wednesday Recap: BBBY traded between a low of $0.28 and a high of $0.32 before closing at $0.28. Trading volume was 125.24 million shares.

Cost to borrow: There were 3,200,000 shares available to borrow this morning and as of now, 2,600,000 remain. The cost to borrow has remained elevated at 23.0%.

Pre market: Bed Bath and Beyond is trading up $0.01 to $0.29 an increase of 1.89% on over 4 million volume.

Max pain: The current max pain for BBBY has remained at $0.50.

Wednesday Recap: GME traded between a low of $22.26 and a high of $23.28 before closing at $22.26. Trading volume was 2.14 million shares.

Cost to borrow: There were 100,000 shares available earlier this morning. Currently there are 0 remaining. The cost to borrow has remained elevated at 11.4%.

Pre market: GameStop is trading up $0.11 to $22.37 an increase of 0.49% on around 7 thousand volume.

Max pain: The current max pain for GME has remained at $22.50.

GameStopNFT tweeted:

Help protect the villagers!

Did you know?

The term hostile takeover refers to the acquisition of one company by another corporation against the wishes of the former. The company being acquired in a hostile takeover is called the target company while the one executing the takeover is called the acquirer. In a hostile takeover, the acquirer goes directly to the company's shareholders or fights to replace management to get the acquisition approved. Approval of a hostile takeover is generally completed through either a tender offer or a proxy fight.

Incontrovertible Proof that BBBY is Undergoing a Fundamental Transaction

u/Region-Formal used a big word that we weren't familiar with, so we asked Chat GPT the meaning:

These Exhibits and Schedules in the annex section of the 8-K - which have still not fully publicly released - are nonetheless incontrovertible proof that BBBY is undergoing, or has already undergone, a "Fundamental Transaction" i.e. Spin-Off, M&A, or both.

So, what does all this mean? Well, who better than the author to share one last thought:

Tldr; bullish!

Read the entire discussion here.

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.