Thursday - November 17, 2022

Today's newsletter will take 2.53 minutes to read.

DRS UPDATE: 58.04*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Wednesday recap

• GameStop NFT update

• Did you know?

• BBBY Cost to Borrow is Rising

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that is anticipating the bond offer outcome and brings 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.

We were hoping that yesterday was going to be the day. Turns out, we'll have to wait until after Friday. The new bond offer deadline has been extended until 11:59pm tomorrow.

We get crazy thoughts at night while trying to sleep. The latest is - why do clowns wear loud socks? Turns out it's to stop their feet from falling asleep. /joke

Maybe falling asleep or staying asleep is not an issue for you. Perhaps it's waking up you have trouble with. With today's clever life hack, you'll never hit the snooze button again!

Now that's what we call a Sharp alarm clock!

Wednesday Recap: BBBY traded between a low of $3.46 and a high of $3.62 before closing at $3.49. Trading volume was 13.07 million shares.

Cost to borrow: There were 700,000 shares available to borrow this morning and as of now, 500,000 remain. The cost to borrow has risen to 9.6%.

Pre market: Bed Bath and Beyond is trading up $0.02 to $3.47 a decrease of 0.57% on over 120 thousand volume.

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

Wednesday Recap: GME traded between a low of $26.37 and a high of $27.35 before closing at $27.14. Trading volume was 2.45 million shares.

Cost to borrow: There were 600,000 shares available earlier this morning. Currently there are 250,000 remaining. The cost to borrow has dropped to 8.8%.

Pre market: GameStop is trading down $0.59 to $26.55 a decrease of 2.17% on 35 thousand volume.

Max pain: The current max pain for GME has risen to $27.00.

GameStopNFT tweeted:

GameStopNFT has cultivated a very loyal following. Exciting games like Guild of Guardian make it easy to support.

Did you know?

In 1912, Tokuji Hayakawa founded a metal workshop in Tokyo. The first of his many inventions was a snap buckle named ‘Tokubijo’. Another of his inventions was the Ever-Sharp mechanical pencil in 1915, from which the Sharp Corporation took its name.

BBBY Cost to Borrow is Rising

Besides price, there's other metrics to monitor. We look at the cost to borrow and bond prices as well. Both have been climbing as of yesterday for Bed Bath and Beyond. The cost to borrow had dipped to 7.9% but spiked up to 9.7% after market close yesterday.

The bond prices were also trending up. At last check, the 2024 bonds were trading up over 28% yesterday. While we wait on the outcome of the bond offer, we can't help but get excited about seeing the action on these other metrics.

Ryan Says

Ryan tweeted this a month ago:

Can you believe it's already been a month since RC last tweeted? Things continue to fall into place. Icahn not believe how close we are!

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.