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I don’t have enough stuff to post on the other subreddit, and what I say might get ripped to shreds. But I suppose that’s a good thing because different opinions and views will give me more to consider. Ryan Cohen said he’s a simple guy multiple times during his interview with Justin. The eBay $125/share is a non binding proposal, nothing locks us in at that price, if anything negotiation likely will bring that price down roughly 10% based on past M&As per Grok. In addition, TD $20B is just a letter, again not for certain debt we are taking on. I also want to remind everyone, we all saw GME price hit $60s and $80 AHs in 2024 when it squeezed. If the thesis we all believe is true, what if it squeezes again, let’s say to $100 a share, then GME issues 200M shares to get $20B (whether that’s building more cash or paying off $20B debt if this happens after acquiring eBay). Is it as simple as that? Use one last squeeze before acquiring eBay to set this up to be way more promising mathematically? Or after to pay debt off? I don’t really know when squeezes would occur like anyone else so I just leave it open-ended to happening before or after acquiring eBay. But Right now I see a lot of napkin math and cons about the debt GME will take on. But that’s doing the math at the current price. What if the intention was to issue shares at a much more favorable price, I’ve seen people write about the foresight RK and RC have about price movement with GME. One thing to help me understand is why GME issued stock at $30 and not at $60 on the last run? Would they run into similar problems if GME squeezed again this time if they already have authorization to issue more shares? I’ve also seen posts about Tesla diluting and looked it up and sure enough they did take advantages of high stock prices. So why can’t we be flexible on the napkin math and calculate yeah what seems to be the conservative outcome but also think about the upside if another squeeze were to occur due to swaps or whatever it could be. Wouldn’t that change the entire narrative that is currently going on within Reddit, which I’ve noticed is some heavy hesitation. I think part of it is needing time to acclimate to hearing a 2.5B dilution, which again tesla has shown can be successful. Lastly, lots of discussion on RCs compensation package and painting it negatively. All I can say is, wouldn’t you want to get paid after working for free for 5 years? When others at your level are taking home millions each year? I can confidently say no many are not willingly to work for less than your coworkers performing the same responsibilities if you could help it, especially for a duration of 5 years and let alone for free. I really think it takes a special kind of person to be able to do that, so yeah, he’s human, he probably wants to get compensated, just like anyone else would. I don’t think we should villainize him for this. All I can say is tonight my head was spinning reading all the posts and all the quick conclusions to vote no to this, without letting time to acclimate to the news. If you’re a serious holder, I don’t think you would genuine jump to the conclusion to vote no THAT fast. You’d take your time to consider all the possible angles and take time to really consider pros vs cons. Alright, now go ahead and rip this to shreds.

This post directly analyzes GameStop's (NYSE: GME) unsolicited $55.5B acquisition offer for eBay announced May 3, 2026. It covers GME's balance sheet (FY2025 results, $9.4B cash position, TD Securities $20B financing letter), CEO Ryan Cohen's track record running GME since 2021, the dilution math on GME shares if the deal closes, GME's warrant structure expiring October 2026, the upcoming shareholder vote on authorized share increase, and the operator thesis for GME hodlers. All numbers sourced from GameStop's SEC filings (8-K dated May 3 2026, FY2025 earnings release, offer letter to eBay's chairman). It's a multi-year thesis post specifically about whether GME is worth holding through and beyond the proposed transaction.

How much borrowed from TD and how much to service that loan plus payments, probably 10-15 years of paying back that debt before anything even goes to shareholders of gme, unlike ebay shareholders who get a huge payout AND are now GME shareholders. Seems like a giant fu.

Math isn't your strong suit. Thats cool. It's not debt if it gets rolled into the equity of the company being acquired. The 20B cash part from the TD loan? Easy. First time?

Thanks for clearing that up, consider yourself lucky Schwab sucks compared to TD

This makes no sense, TD obviously did their DD and looked at Ryan's proposal as it stands right now and said yes to the terms. You're saying they will back out now because... there was no change to the deal? The deal will likely change as it is now, but this argument baffles me.

One minute starting from this timestamp is all you need: [https://www.youtube.com/live/94-M9YGnqQs?si=V67EjC8XLYIViRbW&t=5658](https://www.youtube.com/live/94-M9YGnqQs?si=V67EjC8XLYIViRbW&t=5658)
Look, I don't post on this sub, I have no need to. We've all seen the clowns that have been working around the clock trying to FUD less convicted shareholders. I, personally, am unphased.
Yet, I'm seeing seemingly well meaning people get caught up in the gaslighting and missing the most basic point of this proposed acquisition:
"Half cash, half stock", refers to half eBay stock, not GME stock. The proposal is that we pay out eBay shareholders at a \~40% premium half their stake so they can take chips off the table to reallocate if they wish, and roll the remaining 50% forward into the new, combined entity, again at a premium, and with a tax advantage.
And so, $28B in cash is all that is needed for this proposal. I know math is hard but let's attempt some with the one collective braincell we can muster: $20B commitment from TD, $9B in cash holdings, how in the world is GameStop possibly going to finance that without significant dilution?! Surely having $29B makes it impossible to pay $28B? Hmm, don't know, beats me.
Now, a love letter to my favourite company:
`Prior to 2020, I stalked this stock for 3 years in the $3-$4 range, waiting for signs of a breakout/turnaround to buy-in. The more I looked into the fundamentals the more I was convinced this was a homerun. I bought in at November 2020 at $12.54 pre-split a total of over 6 figures in share count.`
`3 months later, GME hit $500 pre-market and brokers shutoff the buy button, something I never imagined could happen. I sold none, but my broker force sold in the $200s. I quickly bought back more, much lower.`
`Here I am, 5.5 years later, trading little peanuts on the side with nearly all my net worth in GME, with only one goal: to acquire more shares of GameStop (and now warrants). I would love another 5 years to stack more if the hedgies allow. Post split I have well into the 7 figures in share count and a nice stack of warrants. My single braincell is off, as it should be, and it will remain so.`
`It has been a pleasure having Ryan Cohen onboard, of all options available to him, choosing to spend 5 years of his life and personal capital with 0 compensation, turning around GameStop.`
`Never before in my investment thesis did I contemplate the possibility of multiple brokers disabling the buy button while keeping the sell button on. Never did I imagine short sellers so weak and pathetic they couldn't win a simple game with huge amounts of capital, that they would need to flip the table and commit the most egregious and blatant crime in the capital markets in all of human history. After all, trading is a tough game. Don't you think?`
`And yet because of that, GameStop has the most loyal, committed, and convicted investors, with a fierce sense of proud ownership and justice, devoting their hard earned capital to a great company, with a great mission. I invite anyone to show me a better investor base in the public markets.`
`Goodwill is a tremendous thing, even within companies. It's why the taxman also taxes goodwill. Despite GameStop's measly $10B market cap, dare I say the goodwill it has far exceeds that.`
`It is inconceivable that anyone, no matter how idiotic, could even have the thought that someone like Ryan Cohen would alienate his whole investor base, and his own board and capital, by pulling something completely silly and unnecessary, like diluting shareholders significantly, without being aligned with creating shareholder value.`
`Ryan Cohen has gone toe-to-toe against Amazon once, carving out a segment and creating billions in shareholder value. Now he's going for round two, for a much larger TAM through eBay, while securing a first mover advantage in a whole new segment of the collectibles market (IYKYK), and yet the bots seem to "think" he's going to burn all his investors?`
`The guy with $5B net worth, who could have already retired, chooses to work for free, to steal another billion, or two from investors? So that he can retire with $7B? $5B wasn't enough but $7B is definitely an end goal, please.`
`Short-sighted and dumb people play finite games, smart people play infinite games. Imagine a billionaire working 5 years for free, in the face of all the FUD and jest, only to scam a few measly billions when he has the skill and capital to do it without. Why scam a few billion, when you have the backing of a generational investor base never seen before in human history, that you could create value in the hundreds of billions at a minimum, if not trillions? Never mind the fact that officers of a company have a fiduciary duty to its shareholders. Big word, I know, fiduciary.`
`Previous authorized shares were issued at multiples of the then market price, increasing enterprise value during brief periods of relative "overvaluation".`
`Also, Bur-ry? He's a value investor. Value investors don't like debt on the books at any cost. A value investor believes debt is real, potential is intangible and moot. End of story. The game is now manifestly different, and it's not his game, so he's out. No harm done.`
`Anyway, look. I'm not trying to convince anyone of anything, you have your own money, I got mine. But for the sake of yourself, your family, and your wife's boyfriend's future descendants calling you a retard, don't trade your winning ticket for shit.`
`If you really want to, please sell, do it faster than it takes for you to climax. I can't wait to slurp your 5 shares all up along with these hedgie tears.`
This post was not written with any help from AI, I don't even know what AI stands for or how to use it. All I know is GameStop.

But they have to issue a fuckton of shares to make the eBay deal happen. Roughly a billion.
Right now GME is a pie. We all get a slice of that pie. The goal is for others to want the pie we have more than they currently do, so we get rich.
What this deal is:
- Everyones slice of pie has a bite taken out of it by TD to cover the loan interest (i.e. share price suppression due to worse earnings)
- You get a piece of a new pie (eBay), but they also get part of yours
- Two more people come and take 1/3 of your slices of each pie.
Original state: you had a piece of pie. New state: you have less than 1/3 of 2 pieces of pie.
That's dilution baby.

So I'm sitting here on a Monday night enjoying a few drinks and celebrating and I see a lot of upset and calls to action to vote no at the shareholders meeting. Either I'm totally disconnected or I'm right and people don't see what is really happening here.
I'm not an OG. I wasn't here during the pandemic. Was absolutely petrified to invest any money in the market because my young adult years were filled with stories of how retirees funds were destroyed by the collapse of Enron.
What drew me in was a story in May of 2024. I honestly didn't know who tf RK was, but I started to learn. I found Richard Newton with his swaps charts and other YouTubers explaining the moass was coming. It was exciting. June hit, and I was glued to my phone watching the price action. I held through whatever that weekend was and that Monday morning the share offering was announced. I didn't have a clue then what I was a part of, but time has offered a little perspective.
I lost money. I sold and it was gone. Somebody ate a steak dinner on me and never even sent a letter to say thank you. I didn't know what I was doing, it was typical buy high sell low from an amateur. After, I dabbled in occasional calls when hype would spike, but I never gained much from it. There is a very dedicated interest in keeping the share price pinned.
Some people are here for moass. So was I, for a time. In the end, however, this has turned into a FUNDAMENTAL play, or maybe even a value play. We've been diluted in the past. Now that money is being put to work. Has Cohen not laid the framework for how he'll use that dilution to buy out a dinosaur, breathe new life into it, and increase its profitability to something greater than eBay and GameStop combined? I think he has.
We will not have a fair equity split with eBay shareholders. It wouldn't make sense in the world we live in, no matter how much value it will add. We will, however, have enough equity to boost our personal investment to a stable floor above what most of us have been accumulating at for the past several years. Institutions like to make money. That's a win. There really isn't a grudge match here. The eBay deal is all but set in stone at this point - it's just a matter of time. The "oooh money!" crowd will salivate over the plan for increased margins and the executive compensation packages at eBay will get vetoed to facilitate the vision Cohen has laid out.
Although it is possible spite wins out. The CNBCs of the world will have a laugh at the Icarus moment of Ryan Cohen. Ebay rejects the offer and subsequent offers and they continue on their merry way. But what about the arbitrage trade? They've shorted aggressively into a very dedicated base who will still have a company capable of weaponizing billions of dollars. Gamestop would never have to issue shares because there isn't an immediate need to finance a takeover. That is to say, most of the selling interest the last few hours has very little upside and a ton of potential downside. If you were long and sold today, what was the point? Do you really think the price will be less 12 months from now? After all you've been through?
And another thing. Believe it or not, there's still a staggering 40ish % of institutional ownership of gme that can and will put their thumb on the scales to do the thing that will best increase their roi. Feel free to vote with your wallet, but their wallet is bigger and they are likely to get what they want.
I have been enthralled by the story of GME and I try to read every post on the sub as I can. I would be sad to see anyone go, but I feel like the long game is stronger than ever right now and would encourage you to think hard before you jump ship. Anything is possible. Phone numbers are possible. But from an average Joe who has not only a personal stake but also invested his children in GME, please try to see the forest through the trees.
Because it isn't just about eBay. In a world where this goes through, gme rapidly pays down the TD note and eBay re-blossoms through governance and reform, the only thing that SHOULD be on your mind is - "what company is next?"

Just checking CPI which 7.2% and given TD rates (net) seems like on the red ka OP (talking about savings on the bank)

eBay and TD what the fuck is this the Paleolithic Era????

"Unconfirmed source" is referring to your message above the Moody's one. I understand Moody's did it's job and speculated a below investment grade issuance of bonds. They likely would be. I'm saying, that doesn't mean they wouldn't be acquired. The unnamed source from CNBC claiming TD won't back junk bonds is likely nothing, or wrong. The credibility of an unnamed source is 0.

Hello! I'm 25 y/o, been working for 2 years earning a steady income of Php 25k plus 10-40k monthly with additional duties/work. I have saved around Php 600k with my 2 years of work since almost half ng sweldo ko napupunta lang din sa ipon. I don't have a lot of bills and responsibilities, and I still live with my family.
Recently I realized na sayang yung ipon ko, stagnant lang siya sa digital banks and I'm not aiming on spending it naman. That's why I decided to start investing this year. I already invested some in Crypto and PH stocks before pero small amount lang, while majority of my savings is in HYSA and TD. I did some research and reading dito sa reddit (and ChatGPT 😅) and started investing some of my funds. Below is the summary of my current portfolio with goal of long term investment at low-moderate risk:
● US Stocks (GoTrade): **55k** (VOO)
● PH Stocks (FMS): **25k** (JFC, BPI, BDO, LTG, GMAP)
● REITs (FMS): **10k** (AREIT)
● Crypto (Coins.ph): **35k** (BTC, ETH)
● EF (Maya savings & Maribank): **200k**
**●** Maya TD: **300k** (will end in a few months)
Futures plans:
**●** Allocate my savings consistently in the ff:
\- 25% US stocks
\- 10% PH stocks
\- 10% REITs
\- 5% Crypto
\- 30% EF
\- 20% MP2
● Once my TD ends, allocate half to MP2 and half to investments (same as above)
What do you guys think? Is this a good portfolio and plan given my situation? Do you have any suggestions how I can improve it?
Thank you in advance!

I've never had any issue whatsoever with TD when the issue date and maturity date are the same.

Ehh. Money was raised during ramp up patterns from traders (cough DFV cough). We are currently a business with shrinking revenues with profits created from drastic budget cuts.
This eBay deal (if it happens) has to be centered on historic revenue growth. When this enterprise merges, then we get to add up all the debt. $20 billion from TD bank. $7 debt that eBay holds. And another $4 billion dollar debt from GameStop.
That’s $31 billion in debt. The interest on that alone (without even paying principal) will be north of $450 million a year.
I want to see a clear growth strategy plan.

Admittedly, I am as regarded as they come, but What if this is the Kansas City Shuffle? Dilution has been the focus of every journalist, bot, and media outlet. RC goes along hard with a request for 2.5 Billion. It gets approved, hedgies short the ever living hell out of the stock to price in dilution. Then boom an all cash deal is made on EBAY with TD loan, GME stockpile, and other investors. No dilution, just the appearance of dilution and the whole system explodes with a short squeeze of epic proportion, from the compounded shorts doubling down once again. MOASS is still alive! Am I completely regarded?

Ordered a 1/10 maple from TD before I got this but still have yet to arrive. Whats everyone’s thoughts on Geiger’s

saudi kings. they're probably the funding for the TD letter

Posting this on behalf of GotenXx
I think this deserves to be a post to get wider attention. Here it goes.
—-
The recent 2B share filing and Ryan Cohen's interviews (CNBC/Charles Payne) have triggered massive FUD about "dilution." Let's stop the emotion and look at the hard numbers. This isn't a dump; it’s a strategic takeover that turns our GME shares into a fundamental powerhouse.
# 1. ⁠The TD Bank 20 Billion "Nuclear Option"
RC isn't just printing shares. He’s using $20 Billion in debt from TD Bank + $9B Cash on hand.
The Logic: By using $29B in CASH, he avoids issuing an extra 1.3 BILLION shares (at $22).
The Leverage: This debt is a "turbo." Yes, we have to pay it back, but we pay it back using eBay’s massive cash flow. It’s like buying an apartment complex where the tenants pay your mortgage.
# 2. ⁠The Math: "Dilution" vs. "Value Creation"
Let's look at your 1 share today vs. 1 share after the deal.
CURRENT GME (Pre-Deal):
Price: \~$22
Market Cap: \~$7 Billion (approx. 306M shares)
Earnings: Barely breaking even.
Value of your share: Backed by \~$4B in cash and a turnaround story.
POST-MERGER GME (The "eBay Hub" Vision):
New Share Count: \~1.54 Billion (306M old + \~1.23B swapped for eBay equity).
Company Value: Let's be conservative. If we combine GME (\~$7B) + eBay (\~$46B) - Debt ($20B) = \~$33 Billion Market Cap (minimum).
The Fundamental Price: $33B / 1.54B shares = \~$21.40.
Wait, that's nearly the current price? YES. But there's a huge catch:
# 3. ⁠Why it’s NOT a 1:1 Dilution
The "New GME" isn't just the sum of its parts. eBay brings $2.5 Billion in annual NET PROFIT.
Current GME P/E Ratio: Meaningless (hardly any profit).
Post-Deal GME EPS: $2.5B Profit / 1.54B shares = \~$1.62 Earnings Per Share.
Market Valuation: A tech/logistics giant like this usually trades at a 20x-25x P/E multiple.
Calculated Price: $1.62 EPS x 25 = $40.50 per share.
Result: Your share's fundamental value DOUBLES from $22 to $40, even though the share count tripled. Why? Because the "Earnings Power" we bought is far greater than the dilution we suffered.
# 4. ⁠The "Stock Swap" vs. "Market Sell-off"
Crucial point: RC is Exchanging shares, not Selling them.
eBay shareholders get GME stock directly. There is no "sell pressure" on the public market during the merger.
The Squeeze: Shorts are trapped. They are shorting a "brick and mortar" store, but they'll wake up one day and find they are shorting a global e-commerce titan with $2.5B in annual profit. They cannot short profit forever.
# 5. ⁠TL;DR
The "2B" is a Safety Net: RC requested 2B authorized shares because at current prices (\~$22), he needs the "ammunition" to swap for eBay’s equity. It’s a legal requirement to close the deal, not a plan to dump on us.
Swap, Don’t Drop: This is a Direct Stock Swap with eBay shareholders. No massive sell pressure on the open market.
Math > FUD: We are trading a piece of a "turnaround" for a piece of a $2.5B annual profit machine. Even with more shares in circulation, the Earnings Per Share (EPS) will skyrocket from nearly $0 to \~$1.60.
Value Upgrade: You’d rather own 40% of a $100B empire than 100% of a $7B struggle. The fundamental floor of your share rises significantly after the merger.
*Disclaimer: Not financial advice.*

The recent 2B share filing and Ryan Cohen's interviews (CNBC/Charles Payne) have triggered massive FUD about "dilution." Let's stop the emotion and look at the hard numbers. This isn't a dump; it’s a strategic takeover that turns our GME shares into a fundamental powerhouse.
1. The TD Bank 20 Billion "Nuclear Option" RC isn't just printing shares. He’s using $20 Billion in debt from TD Bank + $9B Cash on hand. The Logic: By using $29B in CASH, he avoids issuing an extra 1.3 BILLION shares (at $22). The Leverage: This debt is a "turbo." Yes, we have to pay it back, but we pay it back using eBay’s massive cash flow. It’s like buying an apartment complex where the tenants pay your mortgage.
2. The Math: "Dilution" vs. "Value Creation" Let's look at your 1 share today vs. 1 share after the deal. CURRENT GME (Pre-Deal): Price: \~$22 Market Cap: \~$7 Billion (approx. 306M shares) Earnings: Barely breaking even. Value of your share: Backed by \~$4B in cash and a turnaround story. POST-MERGER GME (The "eBay Hub" Vision): New Share Count: \~1.54 Billion (306M old + \~1.23B swapped for eBay equity). Company Value: Let's be conservative. If we combine GME (\~$7B) + eBay (\~$46B) - Debt ($20B) = \~$33 Billion Market Cap (minimum). The Fundamental Price: $33B / 1.54B shares = \~$21.40. Wait, that's nearly the current price? YES. But there's a huge catch:
3. Why it’s NOT a 1:1 Dilution The "New GME" isn't just the sum of its parts. eBay brings $2.5 Billion in annual NET PROFIT. Current GME P/E Ratio: Meaningless (hardly any profit). Post-Deal GME EPS: $2.5B Profit / 1.54B shares = \~$1.62 Earnings Per Share. Market Valuation: A tech/logistics giant like this usually trades at a 20x-25x P/E multiple. Calculated Price: $1.62 EPS x 25 = $40.50 per share. Result: Your share's fundamental value DOUBLES from $22 to $40, even though the share count tripled. Why? Because the "Earnings Power" we bought is far greater than the dilution we suffered.
4. The "Stock Swap" vs. "Market Sell-off" Crucial point: RC is Exchanging shares, not Selling them. eBay shareholders get GME stock directly. There is no "sell pressure" on the public market during the merger. The Squeeze: Shorts are trapped. They are shorting a "brick and mortar" store, but they'll wake up one day and find they are shorting a global e-commerce titan with $2.5B in annual profit. They cannot short profit forever.
5. TL;DR The "2B" is a Safety Net: RC requested 2B authorized shares because at current prices (\~$22), he needs the "ammunition" to swap for eBay’s equity. It’s a legal requirement to close the deal, not a plan to dump on us. Swap, Don’t Drop: This is a Direct Stock Swap with eBay shareholders. No massive sell pressure on the open market. Math > FUD: We are trading a piece of a "turnaround" for a piece of a $2.5B annual profit machine. Even with more shares in circulation, the Earnings Per Share (EPS) will skyrocket from nearly $0 to \~$1.60. Value Upgrade: You’d rather own 40% of a $100B empire than 100% of a $7B struggle. The fundamental floor of your share rises significantly after the merger.
Disclaimer: Not financial advice.