Author: Joe Fonicello

Digital marketer and value investor -- Known as @Toast on Twitter

Ryan Cohen Tears Down Sears

Posted on by Joe Fonicello

At 12:39 PM ET, Ryan Cohen has tweeted once again. This time, it’s a photo of a SEARS big-box retail store being torn down for good.

On the surface, parallels can be drawn between Sears’ rise and fall through an unchanged retail experience and GameStop’s past, but speculators have begun to dig deeper and look for hidden meaning in the tweet.

The Origin

The photo originates from an article titled Former Sears Demolition Begins in Uptown District to Make Way for New Innovation Community Development in the Tampa Innovation paper. We already know GameStop is likely cementing themselves in Florida, but this information alone is not enough to substantiate a connection.

The article from January 15th, 2020 goes on to state:

 This urban renewal project… will shift from the property’s traditional retail origin and fully leverage the Innovation Community potential driven by its world-class, academic, scientific, and technology neighbors.

Sounds familiar.

Chewy Parallels

What is also striking is that Ryan Cohen and Chewy are no strangers to reimagining old Sears stores, as seen through Kelli Durkin’s retweet of a 2018 article by Bizjournals.

In a move emblematic of the retail industry’s seismic shift, Chewy – an e-commerce platform for pet products – has opened a customer service facility in what was once a Sears and a Woolworth’s.

Chewy opened up their premier customer service facility in a former Sears, a “Sign of the times”Mayor Josh Levystated. Is it possible that GameStop has begun to open their new South Florida customer service facility, and Ryan Cohen is paying homage to when he turned a Sears into a center for Chewy?

SEC Form ARS

Investors have also speculated that the final remaining letters on the SEARS logo, ‘ARS’, could reference the SEC Form ARS. Security & Exchange Commission (SEC) Form ARS, or the Annual Report to Shareholders, is a document used by a public company to report its latest financial performance to its shareholders shortly before its annual shareholders’ meeting.

 As revealed as early as Q4 2020 earnings and confirmed yesterday, GameStop’s annual shareholders’ meeting is on Wednesday, June 9th. While this is an uncanny coincidence, GameStop has long replaced the considerably less informative Form ARS with the more comprehensive Form 10-K, so this would have to be released in conjunction.

In GameStop’s Fourth Quarter and Fiscal 2020 Results News Release, the Company revealed that they intend to “modify its method of communicating its quarterly financial results.” In a move similar to Chewy, GameStop announces that future financial results will accompanied by a presentation to include detailed supplemental highlights. Could this be the Form ARS the incoming GameStop Chairman may be referencing?

Let us know your thoughts in the comments and in the GMEdd.com Discord Server.

Sources: Ryan Cohen on Twitter, Tampainnovation.com, SBFJ Venture on Twitter, Investopedia, GameStop News Release

GameStop Announces Q1 2021 Earnings Date, Annual Shareholder Meeting

Posted on by Joe Fonicello

At the conclusion of a highly volatile day for NYSE:GME, GameStop Corp. today announced that it will report first quarter fiscal 2021 earnings results after the market closes on Wednesday, June 9, 2021. 

investor conference call

The Company will host an investor conference call at 5:00 pm ET on the same day to review the company’s financial results. The call and any supplemental information can be accessed at GameStop Corp.’s investor relations home page at Investor.GameStop.com. The phone number for the investor conference call is 877-451-6152 and the confirmation code is 13720011. The conference call will be archived for two months on GameStop’s corporate website.

Annual Shareholders Meeting

GameStop has also confirmed that its Annual Shareholders Meeting is scheduled for Wednesday, June 9, 2021 at 625 Westport Parkway, Grapevine, Texas. The meeting, which is not open to the media and requires shareholders to provide proof of ownership and valid identification, is expected to take place at 11:00am ET and conclude at 11:15am ET. Chief Executive Officer and director George Sherman will attend the meeting in-person with the remainder of the Board of Directors attending virtually.

Source: GameStop Newsroom

Roaring Kitty Returns, Shares All-Seeing Cat

Posted on by Joe Fonicello

On April 16th, 2021, retail’s investing icon Roaring Kitty, made famous for his massive bets on GameStop alongside his past YouTube streams, bid farewell to his cat-themed online persona. That is, until now.

At 10:00am EST, Roaring Kitty has shocked the world and tweeted once again.

Returning to Twitter in epic style, the GameStop investor shared a video of a dimly lit cat perched up on a ledge, potentially suggesting something grand is upon us. The video is paired with the song Carmina Curana-O Fortuna by Hugues Reiner; a track that is sure to make for an intense build-up.

Some fans of the trader, who is not a cat, claim to have encountered issues playing the video, so GMEdd.com has uploaded it here  in case of concern.

Will Roaring Kitty stick around? Or was this tweet just to let us know he’s still watching? 

Source: Roaring Kitty on Twitter

Ryan Cohen: R.I.P. DUMB ASS

Posted on by Joe Fonicello

Is Ryan Cohen calling himself a dumbass? What does that make all of us?

The Incoming Chairman of GameStop has tweeted once again.

At 9:41 PM EST on May 28, 2021, Ryan Cohen shared a gravestone generated at tombstonebuilder.com stating his apparent demise.

The tweet sent out by Ryan Cohen.

RYAN COHEN
R.I.P. DUMB ASS

Ryan Cohen would not have been able to send out this tweet if he had truly passed, so we are lead to believe he’s sending a message, whether it be for laughs or discreet communication.

By using the same website used by Ryan, GMEdd was able to determine that Cohen did not enter his name in the slot that says “Some Name”. He entered his name in the slot that says messages. It is not his tombstone, but he is potentially sending a message.

Speculative investors were quick to point out an uncanny coincidence relating Ryan Cohen’s tombstone to a term used in the financial industry.

A tombstone is a type of print notice that is most often used in the financial industry to formally announce a particular transaction, such as an initial public offering or placement of stock of a company.

Some believe that this could have been Ryan Cohen’s under-the-radar announcement of a finalized merger or acquisition, something that GMEdd has previously described as in the realm of possibility since GameStop has paid off their long-term debt.

Could GameStop be merging with RC Ventures?  This would potentially result in a new CUSIP for GameStop Corp., leaving remaining shorts needing to be covered before a deadline date so all outstanding shares can be traded from NYSE:GME to the new CUSIP. This is unlikely, but an interesting theory that may wrinkle your brain.

The fundamental investors at GMEdd are really hoping that GameStop has a great strategic acquisition in place that will help transform the brick-and-mortar retailer into the technology company that the Form 10-k announced it would become in March, and that it has hired for.

Source: Ryan Cohen on Twitter, Wikipedia

GameStop Unveils Official NFT Project

Posted on by Joe Fonicello

Found through internet sleuthing, NFT.GameStop.com unveils what will become GameStop’s venture into the rapidly growing crypto and non-fungible token space.

In April, GMEdd.com covered how GameStop was beginning to look for talent in the rapidly growing NFT sector, and it is now official.

The website, although minimal, asks for those interested in working on the project to reach out. 

GameStop looks to be working with Ethereum’s chain for this project, judging by their usage of the Ethereum logo.

A potential slogan for the project is also unveiled:

Power to the players.
Power to the creators.
Power to the collectors.

There is also a crypto wallet address listed on the site, featuring the gamer code “1337.” The address begins with 1337420.

0x13374200c29C757FDCc72F15Da98fb94f286d71e

Etherscan.io reveals that this address is associated with a GameStop Token, and also features an ascii-art message for those “anons” who took the time to look it up.

Within the source code, on line 936, the launch date of GameStop Token is revealed, in unicode: 1626261600

This indicates that GameStop token has a public launch date of July 14th, 2021, at 4:20 AM PT.

Etherscan.io also reveals that the first GameStop Token was minted only 28 minutes after Ryan Cohen’s American Dad .gif tweet last night. A total of .42069 ETH was transferred to a multisignature wallet contract, which is a way of setting up a wallet that may need more than one signature to authorize transactions.

{ 
"description": "Gamestop NFT", 
"external_url": "nft.gamestop.com",
 "image": "ipfs://QmaLEchFaE7FWhc4MCvYMqoTdK8rV1yfjEC5Bz4jzQRbjS",
 "name": "Gamestop NFT" 
}

Engineers and nerds alike have discovered that GameStop is hosting this webpage on IPFS, an incredibly forward-thinking initiative for the company. IPFS is essentially a decentralized internet, which protects developers from single-point-of-failure risks. You can read more on it here on ipfs.io. 

Christopher Bell, GameStop’s Senior Product Manager, Blockchain & Smart Contracts, has announced that he’s happy to be a part of the NFTeam at GameStop. 

Power to the Players!

Hidden in the top right of the webpage is a dead pixel that links to a game reminiscent of the dinosaur jumping game from Google Chrome, but this time it’s a banyana, a cat in a banana. This is likely a nod to Roaring Kitty and the “ape” movement.

In the game, the further you progress, the closer you arrive to a full moon in the sky.

Source: GameStop NFT, Etherscan.io

June 2nd 2021 Editorial Update:  Clarification on the first GameStop Token transaction.

Ryan Cohen: Don’t Try This At Home

Posted on by Joe Fonicello

Ryan Cohen has tweeted once again. 

Revealing yet another comedy interest, the tweet features a .gif from a scene in American Dad. In the .gif, the character Steve is saved from drowning by floating up through something rising in his shorts.

Shortly after the scene in the .gif from American Dad! Season 11 Episode 2, The Life Aquatic with Steve Smith, Steve says, “I’m better than okay. It took me being underwater to finally see things clearly.” The scene can be watched here.

The tweet’s caption works to cover Cohen legally, just in case anyone wants to attempt it.

Don’t try this at home

Some investors and tinfoil-hatters speculate that the caption, combined with the .gif,  could be in reference to GameStop’s rising value.

“Don’t use your shorts to get out from underwater”

Share your theories on what the tweet could signify in the comments and on the GMEdd Discord server.

Ryan Cohen Shares a Heart, Elon Musk Diamond Hands

Posted on by Joe Fonicello

Ryan Cohen has tweeted once again.

He’s starting to tweet so much that we should probably stop covering each post. But alas, here’s our understanding of it.

At 12:02 PM EST, Ryan Cohen sent out a red heart to his over 161k Twitter followers. 

Ryan Cohen’s tweet on May 19th, 2021.

The surface-level meaning here is that Cohen is sharing some love for his loyal fans and investors. Thanks Cohen! ❤️

On the other hand, at 10:42 AM EST Elon Musk tweeted an implication that Tesla had “diamond hands” on their Bitcoin, amid rumors that it had offloaded the digital gold.

This is after Ryan Cohen had unfollowed the Technoking just 6 days ago.

When Roaring Kitty doubled down his GameStop position in April, Ryan Cohen seemingly responded with a simple one emoji tweet: a fist bump.

Ryan Cohen had also followed and unfollowed Roaring Kitty at one time.

While Elon Musk acknowledges the r/WallstreetBets community (the same community that famously picked up on Ryan Cohen’s GameStop investment while the majority of the mainstream media ignored it) through the use of the diamond hands emojis, Ryan Cohen could be responding to his support of both cryptocurrency and WSB.

GameStop has also expressed interest in crypto as early as April, revealed through a job posting on the company’s official career listings page.

Ryan Cohen has not re-followed Elon Musk at this time, and it is likely this is all just a coincidence, but what are investors if not speculators?

Source: Ryan Cohen on Twitter, Elon Musk on Twitter