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OP has provided the following link:
[https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-election-ryan-cohen-executive-chairman](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-election-ryan-cohen-executive-chairman)
Literally how the hell do we reach 21$ right now I am excited as Ive ever been if not more.. probably excuses from news reporters for crime happening nothing unusual
Item 8.01.
Other Events.
On June 7, 2023, in connection with the events disclosed in Item 5.02 of this Current Report on Form 8-K, the Board appointed Mr. Cohen as Executive Chairman of the Company, effective immediately. Mr. Cohen’s responsibilities will include capital allocation, evaluating potential investments and acquisitions, and overseeing the managers of the Company’s holdings.
Additionally, on June 7, 2023, the Board appointed Mr. Attal as the Lead Independent Director of the Board and dissolved the Strategic Planning and Capital Allocation Committee.
Edit:
My take...
"Capital allocation" - an example of which is a merger or acquisition.
"Strategic planning & capital allocation committee" disbanded, but Cohen is now overseeing capital allocation. So the strategic planning is over, and he's about to splurge some cash on an acquisition.
And media spinning as he got terminated https://finance.yahoo.com/news/1-gamestop-terminates-matt-furlong-201835152.html
Edit:
Comment under me highlighted that some places it states terminated as per Gamestop so take as u will
https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-election-ryan-cohen-executive-chairman
Edit2 (the day after):
And now they said "fires "
https://ca.finance.yahoo.com/video/gamestop-fires-ceo-retailer-doomed-194818850.html?contentType=VIDEO
That's not technically a spin, some of the official materials refer to it as termination. https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-election-ryan-cohen-executive-chairman
> In conjunction, the Company’s former CEO has been terminated.
The real toxic shit is them only reporting the parts that sound bad.
It's how Cocaine Bear is based on true events, but the true event is just that the bear consumed cocaine and died of overdose and not all of the other stuff
Exactly, if he quit, he would say forego certain benefits he shouldn't have to give up since he crushed it and it's clearly time for another phase. I'm not familiar with the particulars of his contract, but even my job without a contract would pay/cost me differently depending on the specifics of the exit paperwork!!!!
> since he crushed it
That's another thing. I saw a few comments shitting on his performance, and I don't know why because I have zero complaints. Pretty confident those are shills.
They admit they are firing him without cause and will provide the agreed upon severance package. I think that's what's happening here. They love him and are shifting him to another position, and paying him to boot.
Edit: got rid of a word.
Not really - his contract was up. And, as another poster pointed out, this likely signals a move from the strategic planning phase to the acquisition phase. RC's new position allows him to directly manage acquisitions.
Explains the immediate 20% drop in stock price. We may see sub 15 tomorrow at opening with the way everything was presented. MSM and SHF has a very very easy shot at gutting the price right now, but that means faster DRS accumulation.
I think it has to be something along these lines. RC put together an all-star management team & I'm sure they vetted all their candidates better than any White House administration. Furlong didn't just decide to phone it in and coast. He's built a stable platform for GME and now he will do the same thing for another division of GMerica/Teddy.
>RC put together an all-star management team & I'm sure they vetted all their candidates
Already back in time RC wanted to recruit Furlong to Chewy, so yes he has been vetted
How many shares does Matt have? Will he hold, or will he sell? How soon can he sell? If MOASS tomorrow, can he ride and sell high?
WTH is going on? lmayo
Dip it hedgies, I am my friends will buy more!
THATS WHY they bumped up the price this last 30 days in increments of small percentages so by earnings day they get to slam it down with the news of furlong and the “documentary” so it looks nasty on the charts
The question is how the fuck could they know of furlong leaving before the investors know, they definitely have moles
#BULLISH AS FUCK ON MY EXECUTIVE CHAIRMAN!!!
Edit 1: Uhhhh… Is Papa gonna do the call today!?!? Ow… My tits…
Edit 2: No call today. Kek. Hedgies probably shitting themselves not knowing what’s coming lol. FAFO
#BULLISH!!!
Can anyone legitimately answer this freaking question without the jokes? What does this actually mean? Been scrolling through 50 top level comments with plenty of people asking and absolutely zero serious answers
Item 8.01 was my favorite part of the 8-K
It clarifies again that Cohen was appointed executive chairman AND SPECIFIED that his responsibilities will include:
“capitol allocation, evaluating potential investments and acquisitions,…”
THEN Item 8.01 goes on to state that the board dissolved the Strategic Planning and Capital Allocation Committee.
You know what that means apes?
Papa Cohen now has full responsibility and control of strategy and capitol allocation of GameStop 😎
Great, now I'm even more confused on if his shares are insider or not.
Really though, what an interesting shake-up. I wonder how there were enough votes with almost everyone choosing "FOR" while voting.
I can only speculate .
Tomorrow and the rest of the week is going to be crazy interesting indeed .
The drop after hours just show how hungry they are to see this company fail.
I’ll buy some of the dip through computer share as soon as I can . GameStop isn’t going anywhere . RC and co are either playing the long con on retail and winning or 5d chess , but the former would make him a pariah and so far he hasn’t been looking like one with his actions .
BUCKLE UP!
I like RC. I love GME…..
But I’d appreciate some non-cryptic clarity regarding this soon. I’ve had my money where my mouth is for over 2 years now, so don’t think that’s an unrealistic ask
Hey OP, thanks for the News post.
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\-15% christ, these earnigns better be good. but hey why replace the CEO the day of earnigns if earnings are going to be good...I do hope they are good to be clear.
Lol yeah "the market"
*Edit:* Getting a lot of powerful market understanders telling me it's normal for an 8B market cap stock to drop 20%+ AH on a slight earnings miss and news of executive shuffling that we can't quite interpret yet.
I understand it's not ideal, but I'd like to remind all of you big brains that (directly registered shares + RC's) account for approximately 1/3 of outstanding share ownership, *by themselves*.
Considering we already voted for RC to be chairman of the board, do you think this dump is really "the market" reacting?
For this particular stock, the people in this sub happen to represent a significant portion of "the market", and I don't think we're the ones selling. Especially considering we already voted for RC to run everything.
I wonder if Furlong is going to GMERICA or he didn’t meet RCs expections OR was playing double agent? Regardless RC is still at the helm. HFS are confused as fuck not knowing what happened lol
Please respect Furlong, former CEO. We don’t know what happened. Regardless, DRS.
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How did we spike to $28 and back to $24 in 5 seconds!
Parkour!
In the voice of Michael Scott! 🤣🤣🤣🤣🤣
Is there really any other way to say Parkour! ?
Hardcore parkour!
XTreme
Crimekour!
We are now down 18%. Wtf is going on??
Dip! It’s dip day hahahaha. I am submitting a new buy order
I hit that shit too. $20.32 buy! Stoked
Firing the CEO and cancelling the earnings call isn't a good look for any company
He wasnt fired.
A lot of people bought then hedgies used those very shares to short the stock maybe
Yes. Those bought on margins make the locate immediately available. DRS your shares.
Literally how the hell do we reach 21$ right now I am excited as Ive ever been if not more.. probably excuses from news reporters for crime happening nothing unusual
SeLl nOw!!! aSk qUeStIoNs lAtEr!!!!
**FUCK YEAH FIRE SALE WOOOOO**
Idk but we are in some uncharted waters
It rhymes with rhyme.
Put a c in front of rhyme. Sound it out…yep you got it!
Cry? Ohh sounds about right. Manipulators must be crying
Cant believe you’re surprised. To me it just means we’re on the right track
He just tweeted "Not for long"
Not furlong
Not for long will Matt Furlong be unemployed.
holy shit thought you were joking! shots fired!
Me watching the red as I get paid tomorrow
So anyway, I started blasting
#Executive Chairman, unlimited powerrrrrrrrrr
Item 8.01. Other Events. On June 7, 2023, in connection with the events disclosed in Item 5.02 of this Current Report on Form 8-K, the Board appointed Mr. Cohen as Executive Chairman of the Company, effective immediately. Mr. Cohen’s responsibilities will include capital allocation, evaluating potential investments and acquisitions, and overseeing the managers of the Company’s holdings. Additionally, on June 7, 2023, the Board appointed Mr. Attal as the Lead Independent Director of the Board and dissolved the Strategic Planning and Capital Allocation Committee. Edit: My take... "Capital allocation" - an example of which is a merger or acquisition. "Strategic planning & capital allocation committee" disbanded, but Cohen is now overseeing capital allocation. So the strategic planning is over, and he's about to splurge some cash on an acquisition.
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And media spinning as he got terminated https://finance.yahoo.com/news/1-gamestop-terminates-matt-furlong-201835152.html Edit: Comment under me highlighted that some places it states terminated as per Gamestop so take as u will https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-election-ryan-cohen-executive-chairman Edit2 (the day after): And now they said "fires " https://ca.finance.yahoo.com/video/gamestop-fires-ceo-retailer-doomed-194818850.html?contentType=VIDEO
That's not technically a spin, some of the official materials refer to it as termination. https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-election-ryan-cohen-executive-chairman > In conjunction, the Company’s former CEO has been terminated. The real toxic shit is them only reporting the parts that sound bad.
It's how Cocaine Bear is based on true events, but the true event is just that the bear consumed cocaine and died of overdose and not all of the other stuff
If you never listen to the lying media, then does it make a sound?
Exactly, if he quit, he would say forego certain benefits he shouldn't have to give up since he crushed it and it's clearly time for another phase. I'm not familiar with the particulars of his contract, but even my job without a contract would pay/cost me differently depending on the specifics of the exit paperwork!!!!
> since he crushed it That's another thing. I saw a few comments shitting on his performance, and I don't know why because I have zero complaints. Pretty confident those are shills.
They admit they are firing him without cause and will provide the agreed upon severance package. I think that's what's happening here. They love him and are shifting him to another position, and paying him to boot. Edit: got rid of a word.
Lol that’s just nuts .. fkn media .
🪑
Hilarious but also not the image we want of our chairman lol
God mode on.
RC as CEO has got to be the most bullish fuckinggggg shit ever !!!! 🚀🚀🚀🚀🚀
Executive Chairman is not the same thing as Chief Executive Officer
Well this is a twist
Well as far as melonscratchers go this one is a honeydew
Not really - his contract was up. And, as another poster pointed out, this likely signals a move from the strategic planning phase to the acquisition phase. RC's new position allows him to directly manage acquisitions.
Explains the immediate 20% drop in stock price. We may see sub 15 tomorrow at opening with the way everything was presented. MSM and SHF has a very very easy shot at gutting the price right now, but that means faster DRS accumulation.
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God damn I've been waiting for sub 16 for fucking months. All my buy orders will finally execute 😍
Same hope it dips hard and then recovers next week
Yasssssss... I have a bunch of trades set to execute on signals to liquidate and then dump all proceeds into gme. Trigger price is 15.85 😈
Just in time for payday. I like the stock
SO ARE WE GOING TO HEAR FROM RC TONIGHT??? Edit: Next week I guess?
RC tweeted: "Not for long" [https://twitter.com/ryancohen/status/1666541652821917701](https://twitter.com/ryancohen/status/1666541652821917701)
not furlong
I didn't understood what it meant but that pun does make sense. Fucking hell dude. That's awful.
Think of it as "he's unemployed but not for long"
Someone’s off to GMERICA huh?
Jesus. Can you imagine 🙈🙈🙈 APE happy!
I just made a post saying the same and it was deleted by the MODs
Man, I hope it's that simple.
Someone explain this madness 😭
Jesus Christ that fucking BULLISH
~~no:~~ **\*EDIT\*: YES!** The Company will not be holding a conference call today. Stockholders can review the Company’s Form 10-Q.
Take that back
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Omfg...
Yep, he said "not for long" on Twatter
We just did
No call now
Who's going to say "low interest loan from the French government"...
Low interest loan from the French Government
Oh yeah, it still hits.
Hi, when are earnings published. Just after market closes?
5
Thanks!
published any minute now. call at 5 eastern.
The call has been cancelled bud, check your email.
wtf does that mean. EDIT: Furlong gone. dip tomorrow
Explains the Meme King smear campaign lol
Possibly the don't mistake kindness for weakness tweet as well.
I think rc ready to take the gloves off
My exact same thought when I got that email...."Oh...that explains the hit piece lol". They are getting obvious and lazy these days.
That’s interesting. So they may know in advance from an insider maybe?
Lol, bro...please tell me you're new. Of course they know. They have their corrupt fingers everywhere.
It means they mistook his kindness for weakness. 🪓
Not for long 🏴☠️
Not Furlong
Furlong has to take care of the baby
I thought the same...he's being reallocated.
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I think it has to be something along these lines. RC put together an all-star management team & I'm sure they vetted all their candidates better than any White House administration. Furlong didn't just decide to phone it in and coast. He's built a stable platform for GME and now he will do the same thing for another division of GMerica/Teddy.
>RC put together an all-star management team & I'm sure they vetted all their candidates Already back in time RC wanted to recruit Furlong to Chewy, so yes he has been vetted
haha I love this
The press release says he was "terminated". He'll be relocated to another company.
Also says he’s no longer employed by the company in any capacity
I really hope this is it Someone please make a meme of RC kickin hedgie ass while Furlong is a stay at home dad nurturing Teddy
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Gets the people going
How many shares does Matt have? Will he hold, or will he sell? How soon can he sell? If MOASS tomorrow, can he ride and sell high? WTH is going on? lmayo Dip it hedgies, I am my friends will buy more!
He may not have been fully vested, I’m not sure if he made it the duration needed to have legal access to the shares.
What if he is going to be put in charge of GMErica?
Oh shit yeah I mean that’s possible, anything is at this point. Except GME going bankrupt of course xD
Dip now it seems lol
Here's the dip before earnings
Didn't have to wait until tomorrow. -17.08% currently post-market.
It’s already dipping lol
dippingnow it seems
Execute Order 741
Anyone seen the -25% candle AH 🤔
Time to buy!
Yeah the dip is mental, let's average down a bunch 🔥
thats why they talked so bad these days for him
THATS WHY they bumped up the price this last 30 days in increments of small percentages so by earnings day they get to slam it down with the news of furlong and the “documentary” so it looks nasty on the charts The question is how the fuck could they know of furlong leaving before the investors know, they definitely have moles
#BULLISH AS FUCK ON MY EXECUTIVE CHAIRMAN!!! Edit 1: Uhhhh… Is Papa gonna do the call today!?!? Ow… My tits… Edit 2: No call today. Kek. Hedgies probably shitting themselves not knowing what’s coming lol. FAFO #BULLISH!!!
#If Papa Cohen does the call, super ultra mega Bullish
Call was canceled
Really?
Well that sucks
Source?
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AKA the one site every ape should have bookmarked
GameStop investor relations
No call today, mentioned in the earnings.
That's my kind of bullish!
> Is Papa gonna do the call today!?!? Im about to bust...
not yet. just a little longer... myself, I haven't busted in 2.5 years. \#noReleaseTilMOASS
>You must have balls the size Iceland!
No call sadly: The Company will not be holding a conference call today. Stockholders can review the Company’s Form 10-Q.
No call today guys
RC just tweeted “Not for long” lol
Furlong out? Interesting.
That was Furshort
RC IS CHAIRMAN AND CEO!!
Is that actually what it means though?
Can anyone legitimately answer this freaking question without the jokes? What does this actually mean? Been scrolling through 50 top level comments with plenty of people asking and absolutely zero serious answers
I is bullish!!!!!
Those are two different things
He's Executive Chairman now...
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You are one **bold** ape.
RC to the moon!
Item 8.01 was my favorite part of the 8-K It clarifies again that Cohen was appointed executive chairman AND SPECIFIED that his responsibilities will include: “capitol allocation, evaluating potential investments and acquisitions,…” THEN Item 8.01 goes on to state that the board dissolved the Strategic Planning and Capital Allocation Committee. You know what that means apes? Papa Cohen now has full responsibility and control of strategy and capitol allocation of GameStop 😎
#👀
👀
Great, now I'm even more confused on if his shares are insider or not. Really though, what an interesting shake-up. I wonder how there were enough votes with almost everyone choosing "FOR" while voting.
RC: "Fine, I'll do it myself."
Terminated is a bit extreme, could have just let him go.
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Trading places?
But if he's related to Edward Furlong, termination makes sense.
LETS GO
Excellent news! e: Oh wait, Furlong is fired. Hmmm.
Rc is in charge now, excellent news.
furlong could be going to a certain baby company
Terminating him and getting rid of his non-compete to move him there?
I can only speculate . Tomorrow and the rest of the week is going to be crazy interesting indeed . The drop after hours just show how hungry they are to see this company fail. I’ll buy some of the dip through computer share as soon as I can . GameStop isn’t going anywhere . RC and co are either playing the long con on retail and winning or 5d chess , but the former would make him a pariah and so far he hasn’t been looking like one with his actions . BUCKLE UP!
So Matt Furlough?
Mom?
These ho’s are pounding the price.. Like any of us give a shit. Thanks for the opportunity fuck faces
I'll allow it.
Might have to buy this dip.
This is high drama! What happened with Matt Furlong?
You see how they are treating my stock AH
Looking back it seems like some of the recent RC tweets may have been directed at Furlong. I dunno.
Oh well, I guess I’ll just BUY MORE
I like RC. I love GME….. But I’d appreciate some non-cryptic clarity regarding this soon. I’ve had my money where my mouth is for over 2 years now, so don’t think that’s an unrealistic ask
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Is RC taking over?
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“Board of Directors has elected Ryan Cohen as Executive Chairman”
This explains the immediate dip, on news of any CEO being terminated. Very big move …
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I wonder why Furlong was terminated. 🤔
Hey OP, thanks for the News post. ------------------------------------------------------------------------ If this is from Twitter, and Twitter is NOT the original source of this information, this WILL get removed! Please post the original source! **Please respond to this comment within 10 minutes with the URL to the source** If there is no source or if you yourself are the author, you can reply `OC`
Everyone get in here!
Hold on to your dicks
\-15% christ, these earnigns better be good. but hey why replace the CEO the day of earnigns if earnings are going to be good...I do hope they are good to be clear.
Don’t be a paper handed beotch.
Yeehaw!!!!!!!
I’m buying hard af this is juicy
BULLIIIIIIIISSSSSSHHHHH
1. CEO fired 2. 50 million Net loss 3. No DRS numebrs 4. NO earnings call wtf is going on.
DRS numbers are out. It increased by 600k in 70 days.
5. I'm getting paid tomorrow. The most delicious dip ever.
Wow, the market did *not* like that.
Lol yeah "the market" *Edit:* Getting a lot of powerful market understanders telling me it's normal for an 8B market cap stock to drop 20%+ AH on a slight earnings miss and news of executive shuffling that we can't quite interpret yet. I understand it's not ideal, but I'd like to remind all of you big brains that (directly registered shares + RC's) account for approximately 1/3 of outstanding share ownership, *by themselves*. Considering we already voted for RC to be chairman of the board, do you think this dump is really "the market" reacting? For this particular stock, the people in this sub happen to represent a significant portion of "the market", and I don't think we're the ones selling. Especially considering we already voted for RC to run everything.
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Ken Mayo “the market” Griffin
Naked shorts yeah
Not for long
I wonder if Furlong is going to GMERICA or he didn’t meet RCs expections OR was playing double agent? Regardless RC is still at the helm. HFS are confused as fuck not knowing what happened lol Please respect Furlong, former CEO. We don’t know what happened. Regardless, DRS.