Tuesday - April 4, 2023

Today's newsletter will take 3.37 minutes to read.

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

*source: Computershared.net

On tap this morning:

• Monday recap

• GameStop NFT update

• Did you know?

• I'm Getting Goosebumps

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

Did you see the buying ratio yesterday? On Fidelity alone it was 9-to-1, buys to sells.

"This is a unicorn"...listen to "Carter" from last nights ThePPShow share his enthusiasm.

It seems we share a similar outlook as some other investors. If some variation of what we think is coming ends up being close to accurate, Bed Bath & Beyond will be restoring the share price back to levels that make us smile.

Read more about Restore Capital BBB further below.

With so many twists and turns, this has been such an unexpected, yet enjoyable ride!

Monday Recap: BBBY traded between a low of $0.36 and a high of $0.45 before closing at $0.38. Trading volume was 182.86 million shares.

Cost to borrow: There were 2,000,000 shares available to borrow this morning and as of now, 1,500,000 remain. The cost to borrow has remained extremely elevated at 78.7%. 

Pre market: Bed Bath and Beyond is trading up $0.01 to $0.39 an increase of 1.27% on just under 6 million volume.

Max pain: The current max pain for BBBY has dropped to $0.50.

Monday Recap: GME traded between a low of $22.66 and a high of $23.85 before closing at $23.17. Trading volume was 4.27 million shares.

Cost to borrow: There were 200,000 shares available earlier this morning. Currently there are 3,000 remaining. The cost to borrow has remained higher than normal at 12.8%.

Pre market: GameStop is trading up $0.02 to $23.19 an increase of 0.09% on around 11 thousand volume.

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

GameStopNFT tweeted:

What is the Easter Bunny’s favorite type of music? Hip-Hop

Did you know?

Lesser known facts about Ryan Cohen:

Cohen is known for his focus on customer satisfaction and has been quoted as saying, "We're not selling dog food, we're helping people take care of their pets."

He has been recognized as a Forbes 30 Under 30 honoree and was named Entrepreneur of the Year by Ernst & Young in 2019.

In addition to his work with Chewy and GameStop, Cohen is an active investor and has backed a number of startups, including Airtable, Figma, and Robinhood.

"I'm getting goose bumps realizing that we are potentially seeing the birth of an Amazon competitor with [BBBY] playing a pivotal role in it."

Want to read something exciting? u/Life_Relationship_77 posted some thoughts earlier this morning and did an excellent job placing words around how we feel about how things could play out:

The Consignment Agreement Being Finalized Between BBB And Possibly Teddy Holdings LLC Affiliated RESTORE CAPITAL (BBB), LLC Could Be The Beginning Of GMERICA Back End Fulfillment Deal Just Like At Amazon

Yesterday I posted about a waiver provided by JPM in the latest (4th) amendment to their credit agreement, allowing a consignment agreement between [BBBY] and RESTORE CAPITAL BBB, LLC that had been initiated back on Jan 13 and which had violated a financial covenant of the 1st amendment to the credit agreement in effect at that time and was one of the reasons for the default. Interestingly, the business entity RESTORE CAPITAL BBB, LLC was incorporated in Delaware just few days before it entered into the consignment agreement with BBB and it shares the same registered agent as Teddy Holdings LLC, which is owned by RC. Also, [BBBY] in the name of this new business entity indicates that this entity was created specifically to be associated with [BBBY]. It should be noted that Amazon also enters into such consignment agreements with vendors for which it provides back-end fulfillment services. So, this could be the beginning of a back end fulfillment deal with GMERICA (considering Teddy Holdings LLC eventually morphs into GMERICA), with [BBBY] as a store front, as described a month back in this post. GMERICA can potentially provide a better online shopping experience to customers than Amazon via Web 3.0 based VR/AR immersive experience via collaboration with Protocol Gemini, as explained in this post.

I'm getting goose bumps realizing that we are potentially seeing the birth of an Amazon competitor with [BBBY] playing a pivotal role in it. No wonder [BBBY] started offering same day delivery for products recently. Also, the fact that today is the deadline (3 business days from the 03/30/23 date of 4th Amendment to JPM Credit Agreement) for execution of the consignment agreement, has me jacked expecting the 8K SEC filing about that to drop soon and then we 🚀.

Just as a footnote I would like to add that before the good news drops, we can counter naked shorting driven price suppression via DRS-ing our shares and buying calls instead of buying into FTDs, which has been shown to result in price appreciation.

Read the entire thread with comments 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.