Wednesday - October 19, 2022

Today's newsletter will take 2.67 minutes to read.

DRS UPDATE: 56.25*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Tuesday recap

• GameStop NFT update

• Did you know?

• BBBY Bond Restructuring

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that reminds you which day it is 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.

We've had 2 green days in a row, that's the first time since the beginning of September we've accomplished such a feat...can we make it 3 in a row?

Great movie! That reminds us of the man went streaking through a church. They caught him by the organ. /joke

We're on the road this week. We're traveling through beautiful wine country. Believe it or not, we had some of the best pizza in the small town we passed through last night.

That brings us to today's clever life hack - next time you have leftover pizza:

It may sound strange, but be sure not to put your toaster in the bathtub. Your toast will get soggy.

Tuesday Recap: BBBY traded between a low of $5.09 and a high of $5.55 before closing at $5.39. Trading volume was 7.97 million shares.

Cost to borrow: There were 800,000 shares available to borrow this morning and as of now, 50,000 remain. The cost to borrow has dropped to 9.1%. 

Pre market: Bed Bath and Beyond is trading up $0.05 to $5.34 an increase of 0.95% on over 50 thousand volume.

Max pain: The current max pain for BBBY has remained at $6.00.

Tuesday Recap: GME traded between a low of $26.13 and a high of $27.74 before closing at $26.67. Trading volume was 4.40 million shares.

Cost to borrow: There were 800,000 shares available earlier this morning. Currently there are 75,000 remaining. The cost to borrow has remained steady at 9.4%.

Pre market: GameStop is trading up $0.09 to $26.76 an increase of 0.34% on 15 thousand volume.

Max pain: The current max pain for GME has remained at $27.50.

GameStopNFT tweeted:

We love seeing the creativity continue to appear on the GameStopNFT marketplace!

Did you know?

A bond is a debt obligation, like an Iou. Investors who buy corporate bonds are lending money to the company issuing the bond. In return, the company makes a legal commitment to pay interest on the principal and, in most cases, to return the principal when the bond comes due, or matures.

BBBY Bond Restructuring

Some exciting news pertaining to BBBY! Yesterday, Bed Bath and Beyond filed this Form 4 with plans to amend their bond agreements. They want to delay their 2024 bonds until 2027 and in exchange for paying a higher interest rate to increase the value. Additionally, the 2024 bonds would become convertible notes. This means they can be exchanged for cash or stock!

But the big news here is they want to move forward the 2034 and 2044 bonds with a 2029 payoff! This is incredibly bullish! 

It seems something big is in the works and it may or may not include the master, Carl Icahn. We will continue to monitor the details and keep you up to date with the latest.

Ryan Says

Remember this from last week?

It now seems like Ryan was referencing the BBBY bonds interest rates with this tweet after more has emerged!

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.