Thursday - March 9, 2023

Today's newsletter will take 2.67 minutes to read.

DRS UPDATE: 60.06%* (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Wednesday recap

• GameStop NFT update

• Did you know?

• It's Always Nice Hearing From Ryan

• Ryan Says

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

你好 and welcome to this beautiful Thursday morning. The birds are chirping, the sun is shining and spring is just around the corner. There's always a newness with the changing of the seasons. And we look for a new chapter in the BBBY saga soon.

In yesterdays filing, BBBY let us know the default on the JP Morgan credit facility has been removed and that additional capital has been raised via the warrants (without indication of common shares being used). Those are both incredibly exciting updates!

Also, Bed Bath & Beyond has now been on the Reg SHO threshold list for 40 consecutive days; the BBBY bonds are still climbing and we heard from RC yesterday afternoon.

Today, after market close, we're awaiting the short interest report to see just how short (allegedly) BBBY is.

Wednesday Recap: BBBY traded between a low of $1.27 and a high of $1.39 before closing at $1.30. Trading volume was 45.11 million shares.

Cost to borrow: There were 100,000 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has remained elevated at 118.6%. 

Pre market: Bed Bath and Beyond is trading up $0.01 to $1.31 an increase of 0.77% on over 1.1 million volume.

Max pain: The current max pain for BBBY has remained at $1.50.

Wednesday Recap: GME traded between a low of $17.63 and a high of $18.38 before closing at $18.18. Trading volume was 2.98 million shares.

Cost to borrow: There were 200,000 shares available earlier this morning. Currently there are 95,000 remaining. The cost to borrow has remained around 9.3%.

Pre market: GameStop is trading down $0.13 to $18.04 a decrease of 0.72% on over 15 thousand volume.

Max pain: The current max pain for GME has remained at $19.00.

GameStopNFT tweeted:

Now this is pretty rad, a digital + physical combo!

Did you know?

The Chinese writing system is notoriously difficult for English speakers to master, as it does not contain a segmental alphabet. Instead, it consists of thousands of standalone characters.

However, Chinese can be transcribed into Roman characters by using pinyin, removing some of the burden on the learner that comes with memorizing thousands of individual characters.

It's Always Nice Hearing From Ryan

To some, a simple "hello" tweet may mean nothing. To others, it's one of the most incredibly bullish statements we've had in a while.

As for us, we're excited! We believe when RC speaks, it's purposeful. Check out the below timeline showing how his tweets align with BBBY filings:

It's also of interest that this tweet comes a year to the date after this tweet:

It seems like things are close!

Ryan Says

Ryan tweeted this yesterday afternoon:

In case you're not fluent in Chinese, he's saying "hello".

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.