I recently saw some folks that still thought Ryan Cohen is limited to 19.9% ownership, so wanted to share that this limitation (while accurate to when he first became involved in GME) no longer applies.
Here’s the link to the SEC filing we’re citing here.
https://www.sec.gov/Archives/edgar/data/1326380/000119380521000031/e620202_ex99-1.htm
https://i.imgur.com/7dDJzXs.png
At this point, after the 2023 shareholder’s meeting, it’s clear that we are long past the expiration defined in 2a.
I’ve also seen some investors express frustration that he does not buy the remaining float all at once and force price discovery and short closure. I can’t pretend to understand his thought process, but my personal take is:
If the moass and short thesis are correct, Ryan Cohen can’t be viewed as intentionally pulling the trigger. It could be unsafe.
Thankfully, since investors are DRSing their GME shares, he won’t have to do a thing and can focus on year to year profitability and growing the scope and success of GameStop.
You must log in or # to comment.
yeah I agree, he can’t because he would immediately be sued. He was already sued for his bbby purchase smh. They even had to sue Porsche to get them to release shares to stop the VW squeeze.
They sue anyone for market manipulation if the market does not go their way, similar to how people will claim “doxing” if you disrupt their narrative 😂
Not only that, he needs retail investors support otherwise he’s risking his purchasing power.
Continue to recall that when one person snaps up all the shares of a company at once, that company continues to trade. What we are testing is what happens when you distribute that process over many thousands of people and many thousands of transactions.
So he can just slowly buy all the stock
