The Bigger Picture: Why I’m Unfazed by the Dilution

I simply don’t give a fuck about the dilution. It’s baffling to see so many people lose their minds over a mere 5% dilution without grasping the bigger picture. Seriously, it’s time to grow up and recognize what’s really going on. Remember, YOU voted to allow up to a billion shares sold..

Do you realize what’s unfolding here? We’re witnessing a transformation - a complete overhaul of what GameStop is and can become.

• Closing Unprofitable Stores: GameStop has been strategically shutting down underperforming locations. This is about trimming the fat and focusing on sustainable growth.
• Expanding into Collectibles and Graded Cards: The company is tapping into new revenue streams, something we have not seen often in the past. The grading card and collectibles market is GLOBAL and MASSIVE and which makes me think there is huge potential here.
• Embracing Retro: Selling retro games and consoles isn’t just nostalgia - it’s a smart move to capitalize on a niche market. They’ve even opened dedicated retro store locations, which is another first.
• Strategic Hiring: GameStop has been bringing in top-tier talent, like a "Head of Omni-Channel Engineering" and a "hardcore Salesforce Commerce Cloud Engineer." These aren’t just new hires - they’re strategic moves to build a future-ready multi-channel company.
• Enhanced Trade-In Values: They’ve started paying more for trade-ins, drawing in more customers and inventory.
• Financial Position: GameStop is sitting on $4.2B in cash, plus 20 million shares to sell if needed, giving them around $4.5B to deploy as they see fit. Whether it’s earning interest to be profitable during horrible economic times or making strategic investments, they have the capital to navigate through some of the toughest economic times we’ve seen.

I'm sure I forgot some things, but people need to understand that these changes require testing, optimization, and time. Trial and error. Rome wasn’t built in a day, and neither will this transformation be. But the foundation is being laid - this is set in stone, in my opinion. Whatever acquisitions or expansions they pursue will only add to the momentum.

Remember what DFV says: “Time and Pressure.” It’s not just a catchphrase - it’s a reminder that great things take time AND the right conditions.

My DFV prediction: With the new 20M Share Offering announced, I believe DVF will swoop in and buy a ton of GME shares, or calls to later exercise like he has done in the past. This will be followed by a new YOLO update.

Time and Pressure.