All of GameStop's nearly $1 billion in cash is now at Ryan Cohen's unilateral discretion.
RC can now use GameStop's money to buy stocks of other companies, which may or may not involve any mergers or acquisitions.
What is really interesting and exciting about this, to me, is that it puts "our" money into his hands. It's our money because we are GME investors, and shareholders are the owners of companies, and GameStop's money is part of the shareholder equity that belongs to shareholders.
Ryan Cohen has a vision and a strategy, and access to valuable information, and he does not telegraph his strategy to the competition. We don't know specifically what his intentions are, we don't know specifically what his strategies are.
What we do know is that our interests are in alignment.
We shareholders are in alignment with the RCEO because he is also a (major) shareholder. If RC makes a move that benefits GameStop, it benefits all GME shareholders including himself and us.
If RC takes a strategic investment opportunity, we are all going along for the ride.
This is pretty great, in my opinion, because assuming that you trust RC, it means all a person needs to do is hold GME, and they will get exposure to whatever strategic investments that RC might make. As for me, I trust that RC has a better capability than myself to wisely invest in any non-GME assets.
Was there any indication of interest after towel company blew up ? If cellar boxing is a thing wouldn't the end of towel cause serious ramifications? Also isn't towel being part of the basket theory also something?
My biggest requirement would be everyday things. Would love to pay for my bills through GameStop. If they could do power, insurance, banking, groceries, internet or phone plans. Then I could pay for things I already pay for but also enhancing a company I buy into.
Maybe something like Nvidia GeForce now streaming service or data center would be more up GameStop. Possibilities are endless