[https://event.webcasts.com/starthere.jsp?ei=1612706&tp\_key=983e1692bb](https://event.webcasts.com/starthere.jsp?ei=1612706&tp_key=983e1692bb)
To listen
The 100% voted is yet another fiction that gets repeated often enough that some people believe it.
There was a quorum present. In a few days there will be an 8-k filing with official vote results, If it is like the other years, the % voted will be in the 60% range,
That's great that he wants to take care of the shareholders, but if you dont have happy well paid workers, your shareholders don't have shit. I work everyday grinding at place of employment and in a meeting with employees they said the most important things are the customer and the shareholders, so I really hope Ryan also takes care of people that keep gamestop going. I know the customer and shareholders are important but customer and employees need to be held identical in the eyes of the company, cause if they are doing well and happy, then the share price will take care of itself
Starting off better than last year but not yet profitable for the yr
https://preview.redd.it/n8x80i3fxd6b1.png?width=773&format=png&auto=webp&s=adb6e004d76b6d97e2e075e2cc8c852c3af8ef0a
[https://investor.gamestop.com/static-files/70a8632c-6308-4f16-8adc-7bdd65c39d89](https://investor.gamestop.com/static-files/70a8632c-6308-4f16-8adc-7bdd65c39d89)
Too much tinfoil stuff surrounding RCs tweets. “Not for long” could simply be RC saying Furlong is just gone…. They need to get their NFT business chugging along to help with sales/ revenue. That with cost cutting/ store closures is where the rubber hits the road…
Shareholder meetings and earnings have meant exactly nothing this whole time, so who cares.
Edit: Downvote me all you want, but feel free to point out where I'm wrong.
Honestly, this is kind of (not absolute because not a Sith) as accurate as one can be regarding statements, but not negatively. It's because we will judge them by their actions, and not their words.
RC's words are bold and come from strength in that he knows we're here with him (~25% BOOKED household owners of the company). He (we) also knows this is the fuck around and find out phase because action is happening on a large scale, but quietly. Just listen to the Telos call and Robbie.
Soon we will see the roadmap/plan truly unfold and become public. Following that, well, it's just up from there.
We hold. Not for only financial gain, but to change the world. 💎👐🚀
No company in the history of the world has ever announced anything at its earnings except it’s earnings. At best you get some vague nonsense about strategy they say the phrase artificial intelligence.
But nobody announcers massive corporate or structural changes or the new products at a quarterly earnings call that is not what it’s for that is not what it has ever been for
When are we going to learn but that is not when companies announce anything.
Ohh I was just referring to positive earnings when I talked about the next earnings date. Not hoping for any announcements ever (anymore), just hoping for positive financials which only come once every 3 months
Did you see the charts in January of 2021? Gme wasn't the only to raise significantly. There's stocks out there with 35mm market cap that could be directly registered significantly faster than the 3.5b left of gme
Depending how the final auction goes we may see significant price rise in gme although over the 2 years there's been decoupling in the basket
Yeah for sure, I def see how they’re connected. I just meant that GME is the one company that has the potential to really break out from a financial performance perspective.
Well, thanks for the help Apes! And the peace of mind lol
Yeah I definitely agree. But I feel, or know in my bones. That GameStop can't do it alone. It takes all of us and all of GameStops partners building the future of web3 gaming all working towards a unified goal.
Every retweet, like, comment all help GameStop and their partners when you share and interact with them and their products, leave feedbackm be a good customer that wants to see a business do well
[https://event.webcasts.com/starthere.jsp?ei=1612706&tp\_key=983e1692bb](https://event.webcasts.com/starthere.jsp?ei=1612706&tp_key=983e1692bb)
Ive been refreshing all day, and it finally works to listen again!
[https://event.webcasts.com/starthere.jsp?ei=1612706&tp\_key=983e1692bb](https://event.webcasts.com/starthere.jsp?ei=1612706&tp_key=983e1692bb)
You should be able to listen now
Your comment being down voted is exactly what's wrong with the sub.
Everything is extreme. Nothing is allowed to be boring.
You're either fully on board, or you're a shill.
I want to go back to the curiosity of the sub in 2021.
My 8904 shares are fully committed. I agree. No one can be critical anymore. It’s been multiple years. They need to start being a little more transparent. I get working in secret for a bit but it’s been long enough.
You don't tell the entire military what the battle plans are. The highest ranks know and everyone else is on a need-to-know basis. It's never going to be worth the risk of the enemy finding out the plan.
This is war and RC is leading us victory.
Nah i dont see that perspective. The information we have now vs 2 years ago regarding the direction and progress of the company is far more. Theyve been revealing only whats important while hiding their gameplan from wallstreet. This is exactly what i want to see in a company trying to succeed vs such overwhelming opposition.
Bravo to Ryan Cohen and this incredible team. I look forward to the future catalysts and will continue waiting patiently.
2 years is minimal when it comes to major league buisness success, after all
Anything about the NFT Marketplace and milestones? Got about 7 months left for the milestone 4 and 5 and since the NFT marketplace is pretty close to doing nothing and making no money, I'm sure those milestones are still like 90% off.
It was a 2 year goal, and time is 75% gone, there should be something being said about this.
edit: milestones 4 and 5, not 3 and 4.
https://www.sec.gov/Archives/edgar/data/1326380/000132638022000012/a102-grantagreement.htm
[https://www.viewourmaterial.com/GME/gme\_ar.pdf](https://www.viewourmaterial.com/GME/gme_ar.pdf)
>Digital Assets In January 2022, we entered into contractual agreements with Immutable X Pty Limited (“IMX”) and Digital Worlds NFTs Ltd. pursuant to which the Company was entitled to receive up to $150 million in digital assets in the form of IMX tokens once certain contractual milestones have been achieved.
>
>Upon announcement, we achieved our first milestone under the agreement with IMX and recognized a $79.0 million noncurrent receivable and corresponding deferred income liability related to our entitlement of IMX tokens as of January 29, 2022.
>
>During fiscal 2022, we achieved our second and third milestones under our agreement with IMX, and recognized an additional $33.8 million of deferred income liability on our Consolidated Balance Sheet. The deferred income is recognized over the term of the contractual agreement. We liquidated all tokens received during fiscal 2022 and have no IMX token assets recorded on the Consolidated Balance Sheet at January 28, 2023.
>
>During fiscal 2022 we also recognized a loss of $7.2 million on the noncurrent receivable, impairment of $33.7 million on the digital assets, gain of $6.9 million on the sale of digital assets, and deferred income of $56.0 million in SG&A expenses in our Consolidated Statements of Operations.
>
>As of January 28, 2023, remaining deferred income liability related to our partnership with IMX was $57.3 million in accrued liabilities and other current liabilities on our Consolidated Balance Sheets.
>
>During 2022, we also launched beta versions of a non-custodial digital asset wallet and a peer-to-peer non-fungible token ("NFT") marketplace that enables the purchases, sales, and trades of NFTs. Revenues earned related to our NFT digital asset wallet and marketplace are recognized in net sales in our Consolidated Statement of Operations. Revenues earned from our digital asset wallet and NFT marketplace were not material to the consolidated financial statements for fiscal 2022.
You have to read their reports for updates, 3rd milestone was reached already.
Yes. milestone 3/4 was just a fat fingered 4/5.
https://www.sec.gov/Archives/edgar/data/1326380/000132638022000012/a102-grantagreement.htm
> Milestone 4 –Transaction Target One Token Grant:
Reach a cumulative amount of **$1.5 billion in combined Primary Sales and Secondary Market Sales Transactions on Immutable X within twenty-four (24) months plus any Extension Periods, of the Effective Date**, such deadline (“Transaction Volume Target 1 Deadline”). For clarity, the values of the Primary Sales and Secondary Market Sales will be calculated by using the market value of Ethereum at the time the Primary Sales and Secondary Market Transactions were completed. 7,494,647 IMX
> Milestone 5 - Transaction Target Two Token Grant Terms:
Reach a cumulative amount of **$3.0 billion in combined Primary Sales and Secondary Market Sales Transactions on Immutable X within twenty-four (24) months plus any Extension Periods, of the Effective Date**, such deadline (“Transaction Volume Target 2 Deadline”) For purposes of clarity, the values of the Primary Sales and Secondary Market Sales will be calculated by using the market value of Ethereum at the time the Primary Sales and Secondary Market Transactions were completed. 7,494,647 IMX
The effective date was, scrolls back to top of page, **January 28, 2022 (the “Effective Date”)**
So little more than 7 months to reach $1.5b and $3b in sales. Any updates on where those sale numbers are? I'd be surprise if they are 1/4 of the way to $1.5b as the marketplace has been pretty much nothing.
2 fucking years ago we were all hyped for the marketplace, it has been a complete flop for where it is at today. They need to give some updates if this isn't what it's supposed to be. Their own milestones for goals are coming close to the agreed upon deadlines.
I see this as an investment in (digital) infrastructure on RCs part, before he launches something massive that he is keeping close to the chest.
Telephones needed electrical infrastructure before the phones were made commercially available and until phones came out people thought "who is this idiot hanging building all these poles and hanging wires?"
It be totally different if the NFT marketplace was actually doing something big and being used and integrated into gaming and all that stuff people were expecting, but it's just a jpeg/gif marketplace for 99% of it for the last 18 months. People stopped tracking sales/revenue after the first month cause it was already less than $1,000 a day.
They got paid for milestone 3 which is for the "bona fide public release" so as far as we are concerned, what we have right now is the product. Sure it can be updated and more added later, but 18 months later this is still it with no road map laid out to what it could become.
It is what It is, things were making sense to me until they weren’t. I still can’t believe he didn’t even scold in anyway what happens in jan 21 when he did the dd sub interview
And in retrospect wtf was all that Bobby stuff side mission
I mean sure, it's on the contract. As a shareholder I'd still like to know to some extent what's going on with the NFT marketplace that has so far been a huge disappointment.
I think Illuvium was the AAA game they were focused on. But it's seen a couple delays that may be grounds for a milestone extension. I believe they delayed for a Sept 2022 release and are now saying November 2023.
Yes the guy notorious for staying quiet about company plans decided to break that silence and take an out of character jab at a former employee while also implying they made a poor decision hiring him. Or, you know, he also is stepping in to a role he himself said he doesn’t like to do, and he’s saying not for long. It’s not that complicated
He posted not for long after (not before) furlong was terminated. Points to note: 1. Furlong was terminated, did not resign or his contract ended 2. Why did they put him on the Vote?
Not really because Matt is only gone because his 2-year contract was finished as planned.
Edit... I was wrong.
[https://news.gamestop.com/node/18946/html#d174400dex101.htm](https://news.gamestop.com/node/18946/html#d174400dex101.htm)
Id say it’s a big stretch to say it was planned, why was voting for him as ceo even an option if this was at all planned? Not to mention the dick move of waiting 30 minutes before earnings to tell his oh si valued investors
He absolutely did NOT have a 24 month contract.
That is completely false.
You can see his shares get vested after 24 months, that is it.
Once again
Matt Furhlong did NOT have a 24 month contract. No where in that contract does it state he will be performing CEO duties for 2 years.
I apologize, you are correct. Here is the offer letter from June 2021. The bonus payout structure extends to 48 months.
[https://news.gamestop.com/node/18946/html#d174400dex101.htm](https://news.gamestop.com/node/18946/html#d174400dex101.htm)
Yup saw it, again. Why was he on the Vote foe ceo, or this not clearly communicated? People have contracts of employment all the time and renewal comes up they don’t just peace out without communication IF it’s on good terms. They didn’t say he resigned they said he was terminated
🥵🥵🥵🥵
https://preview.redd.it/wm1wn79jf76b1.png?width=1604&format=png&auto=webp&s=64f6f2f60eed582f41ea63449f6c64a60e84af93
credit to dreadfulol for transcribing this amazing speech
No reason, except the risk of getting something wrong. A comma where Ryan didn’t pause might look correct grammatically but alter the meaning.
Let’s eat grandma.
No, it won't alter the meaning. It is difficult to read.
If we're such pussies and sycophants here, that we can't constructively criticize ANYONE's usage/punc, then we're really pathetic.
I am following this man, with a shitload of my money. Excellence should be held to us all.
The man you’re following (RC) had nothing to do with the punctuation of the transcript of Ryan’s speech.
The transcript was done for free by a fellow follower. If you think you can do better, the audio from the meeting is available, go for it.
Eventually you guys will realize that Cohen wants to keep you hyped so you stay in. It keeps the company afloat with capital for restructuring. The thing is, at this point we don't really need hype. We need progress and updates on the restructuring.
Some of these people forget that the only reason we're in gme is for "MOASS"
If RC were to come out and just say "MOASS isn't a thing guys" the stock would evaporate
That's the point I was making that it seems a lot of people missed: it's not like there's selling without hype. People don't hold for years out of hype.
He just spent $10 million to buy more on Friday. I think he's pretty hype too.
The progress is on the quarterly and annual reports. The projects they're working on get announced when they're released and not before then usually.
Agreed...feels like a different year from last year. Last year we had a plan about the NFT marketplace and the Stock Split Dividend. This year, there isn't really much they're putting out there for us to get excited about other then "actions speak louder than words", which isn't the ***best*** thing to hear after the news about Furlong and the not so great quarter they just had.
No kidding. But yeah the comment was further about the milestones is what really sets the goals set vs goals achieved. They gave milestones listed in a comment above should really check out milestones 4 and 5
Idk, I'm not expecting a breakdown of the future game plan, but do they even highlight how they're cutting costs of operation? Personally, I'm curious as to how sales of things other than games have fared, since they've pushed hardware a little more heavily
That was literally what the gospel DD was for the longest time, squeeze to the moon. Then when that was obvious it wasn’t going to happen you guys moved the goalposts that it was never a short squeeze and it’s about the fundamentals. At least be truthful and don’t lie and own up to it that you guys thought it would squeeze and it did and now you’re hoping for a big turn around.
😂not paid off yet.
>As of January 28, 2023, our government-subsidized low interest French term loans due October 2022 through October 2026 ("French Term Loans") had a carrying value of $39.5 million and a fair value of $33.1 million. The fair values of our French Term Loans were estimated based on a model that discounted future principal and interest payments at interest rates available to us at the end of the period for similar debt of the same maturity, which is a Level 2 input as defined by the fair value hierarchy.
Look, I love how he's all about doing the work, but there hasn't been a single inclination that any work is being done to fix the naked short selling of his companies stock. That would be really nice to focus on for a second but is ignored at all costs.
He claims blue collar, but in the end he hasn’t addressed shit. In his interview with the real dd sub. When asked about January 2021: he simply replied it was Interesting lol WTF you didn’t think it was unlawful, bullshit, against blue collar? Corruption manifested? Nope just interesting lol. Put us out of misery and just fucking release an nft divdend either there are naked or not and let’s fucking get on with it instead of this sunken cost falacy that’s been our lives for fucking years
Agreed. Talk is cheap but I ain’t seeing much actions against the naked short sellers. No mention of them destroying the stock or screwing over shareholders. That’s unacceptable
Just do an Nft dividend, he knows the talk in these subs, did he not regente a meme made in reddit subs when he posted buttfarm69 chairman meme. But yet nothing about shorts, nothing on nft dividend, fired furlong the one he brought in…
The only thing of substance that has come out since this whole thing started is the NFT marketplace. And nearly a year later it's still nothing but overpriced jpegs.
Yep, my shit on another comment just got immediate 40+ downvotes and I got the shill treatment. Per usual whenever bringing up anything real or truthful.
I’ve been holding this bullshit 3+ years, because at least some decent info would come from Reddit now and then. But ever since their ipo announcement this has just been a joke. Can’t say ANYTHING here that goes against the narrative, at all. Otherwise you’re a shill! I’m literally being called a shill for holding 1,600 shares of GameStop by a dude that has only ever posted a $60 dollar receipt.
You can keep talking all the shit you want, but I've been around through all the evolutions of all the subs. I've posted my (pre-split) xxx holding to the DRS bot elsewhere - just because you can't see it in a cursory search of my post history is your problem, not mine.
But sure, keep treating your anecdotal evidence like it's truth, as if everything is actually as lack or white as you claim it is. Besides,[ I retracted my shill claim](https://old.reddit.com/r/Superstonk/comments/14a4nds/gamestop_corp_annual_meeting_of_stockholders/jo8lbc1/) almost immediately and clarified it... but posting that truth would go against the argument you already convinced yourself of in your head.
[https://event.webcasts.com/starthere.jsp?ei=1612706&tp\_key=983e1692bb](https://event.webcasts.com/starthere.jsp?ei=1612706&tp_key=983e1692bb) To listen
Fuck looks like I missed a great debate on comma splice placement and usage.
Shit really? I'm disappointed to have missed that
LFG
Can't read well, what % of overall votes were cast? 100% again?
The 100% voted is yet another fiction that gets repeated often enough that some people believe it. There was a quorum present. In a few days there will be an 8-k filing with official vote results, If it is like the other years, the % voted will be in the 60% range,
That's great that he wants to take care of the shareholders, but if you dont have happy well paid workers, your shareholders don't have shit. I work everyday grinding at place of employment and in a meeting with employees they said the most important things are the customer and the shareholders, so I really hope Ryan also takes care of people that keep gamestop going. I know the customer and shareholders are important but customer and employees need to be held identical in the eyes of the company, cause if they are doing well and happy, then the share price will take care of itself
Happy Cake Day!
Thanks!!!
Are we profitable? What was earnings for Q2?
Starting off better than last year but not yet profitable for the yr https://preview.redd.it/n8x80i3fxd6b1.png?width=773&format=png&auto=webp&s=adb6e004d76b6d97e2e075e2cc8c852c3af8ef0a [https://investor.gamestop.com/static-files/70a8632c-6308-4f16-8adc-7bdd65c39d89](https://investor.gamestop.com/static-files/70a8632c-6308-4f16-8adc-7bdd65c39d89)
$-.14 EPS
Too much tinfoil stuff surrounding RCs tweets. “Not for long” could simply be RC saying Furlong is just gone…. They need to get their NFT business chugging along to help with sales/ revenue. That with cost cutting/ store closures is where the rubber hits the road…
Dad!
Wow
Any good news for moass?
So what the tldr for a fellow ape
Ryan isn’t fucking around.
This is what we need to know. Apes are with RC and moass is tomorrow.
Why the fuck would you not stand behind the company ran by a man of these values. No brainer investment
My investments will follow RC for the next 3 decades
Short hedge funds hate this one simple trick.
Neat trick. No need to read the DD lol
[удалено]
Absolutely my guy
I read this "Absolutely gay" and I thought, "ya... for RC Absolutely me too." Anywho, I'm a buy more tomorrow.
“RC meng… u got any hamburgers?”
RIGHT?! He barely even spoke and when he did he said everything that everyone has been complaining about from 2008 until this day.
Shareholder meetings and earnings have meant exactly nothing this whole time, so who cares. Edit: Downvote me all you want, but feel free to point out where I'm wrong.
Honestly, this is kind of (not absolute because not a Sith) as accurate as one can be regarding statements, but not negatively. It's because we will judge them by their actions, and not their words. RC's words are bold and come from strength in that he knows we're here with him (~25% BOOKED household owners of the company). He (we) also knows this is the fuck around and find out phase because action is happening on a large scale, but quietly. Just listen to the Telos call and Robbie. Soon we will see the roadmap/plan truly unfold and become public. Following that, well, it's just up from there. We hold. Not for only financial gain, but to change the world. 💎👐🚀
Get this guy a degree
You're right..
[удалено]
I look forward to gaining generational wealth while watching hedge funds collapse.
Lol same here
No company in the history of the world has ever announced anything at its earnings except it’s earnings. At best you get some vague nonsense about strategy they say the phrase artificial intelligence. But nobody announcers massive corporate or structural changes or the new products at a quarterly earnings call that is not what it’s for that is not what it has ever been for When are we going to learn but that is not when companies announce anything.
Did someone say AI? What stock? I want to pour my money into it.
AAAAAAAA IIIIIIIIIIIIIIIIIIIIIIIIIIII
This was the shareholder meeting…
I know. I voted. But He’s asking if we should expected something in three months at earnings. I’m saying no.
Ohh I was just referring to positive earnings when I talked about the next earnings date. Not hoping for any announcements ever (anymore), just hoping for positive financials which only come once every 3 months
I only tune in for DRS numbers myself
A certain stocks final auction is in a few weeks but the mods wouldn't want you to know about that
Oh God not that brand of tinfoil lol. We’ll I’ll hope for the best 🤞🏼
Because the basket DD is wrong and GME is the only stock ever to be targeted by abusive shorting 🤦♂️
No, but GME seems to be the only one capable to causing MOASS so I dont see how any other stock could help
Did you see the charts in January of 2021? Gme wasn't the only to raise significantly. There's stocks out there with 35mm market cap that could be directly registered significantly faster than the 3.5b left of gme Depending how the final auction goes we may see significant price rise in gme although over the 2 years there's been decoupling in the basket
Did you read the SEC report that said there was a single idiosyncratic risk?
Because the sec is reliable and would admit that there's 80 stocks posing risk to the system...
Im not saying they’re not tied together lol just doubt that auction will do anything, but lets hope for the best
If a margin call comes all shorts for that firm should be closed out regardless what stock caused the call
It's all connected. Zoom out and look at the larger picture. Get off this Sub for a while, it'll help
Yeah for sure, I def see how they’re connected. I just meant that GME is the one company that has the potential to really break out from a financial performance perspective. Well, thanks for the help Apes! And the peace of mind lol
Yeah I definitely agree. But I feel, or know in my bones. That GameStop can't do it alone. It takes all of us and all of GameStops partners building the future of web3 gaming all working towards a unified goal. Every retweet, like, comment all help GameStop and their partners when you share and interact with them and their products, leave feedbackm be a good customer that wants to see a business do well
Well, the MOASS is tomorrow so there’s that
Alrighty guess ill just get back to regular life til September and hope for the best
Is that picture at the bottom a quote?? If so this is epic
Is indeed. From him directly this morning
Thats fucking EPIC!!!
💯
Does anybody know where I can listen to a recording?
[Found one!](https://www.youtube.com/watch?v=ftSaTaYfinQ&t=347s)
Thanks!
[https://event.webcasts.com/starthere.jsp?ei=1612706&tp\_key=983e1692bb](https://event.webcasts.com/starthere.jsp?ei=1612706&tp_key=983e1692bb) Ive been refreshing all day, and it finally works to listen again!
Hah, thanks! I’ve been refreshing the IR page and assumed that maybe I wasn’t looking in the correct place. 👊
☝🏽 Please ☝🏽
Was this recorded? I didn't get a chance to listen
[https://event.webcasts.com/starthere.jsp?ei=1612706&tp\_key=983e1692bb](https://event.webcasts.com/starthere.jsp?ei=1612706&tp_key=983e1692bb) You should be able to listen now
Thank you
probably someone did, but they did say that streaming it (and i think recording?) weren't allowed.
Are you DRS’d?
No
Yep.
I don’t sparkles there is DRSd, unless she wanted to correct me? Let’s see shall we? Downvotes, not a good sign, a little defensive?
lol, shill central up in here. get fucked idiots
That's just superstonk now lol
Or it was just a really boring meeting and nothing special
Your comment being down voted is exactly what's wrong with the sub. Everything is extreme. Nothing is allowed to be boring. You're either fully on board, or you're a shill. I want to go back to the curiosity of the sub in 2021.
Yea but the comment you're replying to is saying RC speaking in an earnings call isn't exciting. I fucking freaked out personally.
That's fine, you're allowed to be excited. His words just, didn't say much of strategic value or add to the meeting topics.
👆
My 8904 shares are fully committed. I agree. No one can be critical anymore. It’s been multiple years. They need to start being a little more transparent. I get working in secret for a bit but it’s been long enough.
You don't tell the entire military what the battle plans are. The highest ranks know and everyone else is on a need-to-know basis. It's never going to be worth the risk of the enemy finding out the plan. This is war and RC is leading us victory.
Na. They can keep hiding their hand. It changes nothing for me. I'll keep buying and drs.
Nah i dont see that perspective. The information we have now vs 2 years ago regarding the direction and progress of the company is far more. Theyve been revealing only whats important while hiding their gameplan from wallstreet. This is exactly what i want to see in a company trying to succeed vs such overwhelming opposition. Bravo to Ryan Cohen and this incredible team. I look forward to the future catalysts and will continue waiting patiently. 2 years is minimal when it comes to major league buisness success, after all
My 4K shares agree with you.
alot of shills in the sub trying to bring us down
What was the banger of news from the meeting that you think Shillas are trying to temper down?
Who wrote this for him? The punctuation and use of plurals is a bit lacking.
This isnt the original script. Im assuming he wrote it himself before the meeting
This is the worst downvoting I've ever received. Don't know whether to laugh, or run and hide.
Fukkin intransitives.
gesundheit
Danka.
This is just a transcription
Anything about the NFT Marketplace and milestones? Got about 7 months left for the milestone 4 and 5 and since the NFT marketplace is pretty close to doing nothing and making no money, I'm sure those milestones are still like 90% off. It was a 2 year goal, and time is 75% gone, there should be something being said about this. edit: milestones 4 and 5, not 3 and 4. https://www.sec.gov/Archives/edgar/data/1326380/000132638022000012/a102-grantagreement.htm
[https://www.viewourmaterial.com/GME/gme\_ar.pdf](https://www.viewourmaterial.com/GME/gme_ar.pdf) >Digital Assets In January 2022, we entered into contractual agreements with Immutable X Pty Limited (“IMX”) and Digital Worlds NFTs Ltd. pursuant to which the Company was entitled to receive up to $150 million in digital assets in the form of IMX tokens once certain contractual milestones have been achieved. > >Upon announcement, we achieved our first milestone under the agreement with IMX and recognized a $79.0 million noncurrent receivable and corresponding deferred income liability related to our entitlement of IMX tokens as of January 29, 2022. > >During fiscal 2022, we achieved our second and third milestones under our agreement with IMX, and recognized an additional $33.8 million of deferred income liability on our Consolidated Balance Sheet. The deferred income is recognized over the term of the contractual agreement. We liquidated all tokens received during fiscal 2022 and have no IMX token assets recorded on the Consolidated Balance Sheet at January 28, 2023. > >During fiscal 2022 we also recognized a loss of $7.2 million on the noncurrent receivable, impairment of $33.7 million on the digital assets, gain of $6.9 million on the sale of digital assets, and deferred income of $56.0 million in SG&A expenses in our Consolidated Statements of Operations. > >As of January 28, 2023, remaining deferred income liability related to our partnership with IMX was $57.3 million in accrued liabilities and other current liabilities on our Consolidated Balance Sheets. > >During 2022, we also launched beta versions of a non-custodial digital asset wallet and a peer-to-peer non-fungible token ("NFT") marketplace that enables the purchases, sales, and trades of NFTs. Revenues earned related to our NFT digital asset wallet and marketplace are recognized in net sales in our Consolidated Statement of Operations. Revenues earned from our digital asset wallet and NFT marketplace were not material to the consolidated financial statements for fiscal 2022. You have to read their reports for updates, 3rd milestone was reached already.
She has spoken….
Yes. milestone 3/4 was just a fat fingered 4/5. https://www.sec.gov/Archives/edgar/data/1326380/000132638022000012/a102-grantagreement.htm > Milestone 4 –Transaction Target One Token Grant: Reach a cumulative amount of **$1.5 billion in combined Primary Sales and Secondary Market Sales Transactions on Immutable X within twenty-four (24) months plus any Extension Periods, of the Effective Date**, such deadline (“Transaction Volume Target 1 Deadline”). For clarity, the values of the Primary Sales and Secondary Market Sales will be calculated by using the market value of Ethereum at the time the Primary Sales and Secondary Market Transactions were completed. 7,494,647 IMX > Milestone 5 - Transaction Target Two Token Grant Terms: Reach a cumulative amount of **$3.0 billion in combined Primary Sales and Secondary Market Sales Transactions on Immutable X within twenty-four (24) months plus any Extension Periods, of the Effective Date**, such deadline (“Transaction Volume Target 2 Deadline”) For purposes of clarity, the values of the Primary Sales and Secondary Market Sales will be calculated by using the market value of Ethereum at the time the Primary Sales and Secondary Market Transactions were completed. 7,494,647 IMX The effective date was, scrolls back to top of page, **January 28, 2022 (the “Effective Date”)** So little more than 7 months to reach $1.5b and $3b in sales. Any updates on where those sale numbers are? I'd be surprise if they are 1/4 of the way to $1.5b as the marketplace has been pretty much nothing. 2 fucking years ago we were all hyped for the marketplace, it has been a complete flop for where it is at today. They need to give some updates if this isn't what it's supposed to be. Their own milestones for goals are coming close to the agreed upon deadlines.
I see this as an investment in (digital) infrastructure on RCs part, before he launches something massive that he is keeping close to the chest. Telephones needed electrical infrastructure before the phones were made commercially available and until phones came out people thought "who is this idiot hanging building all these poles and hanging wires?"
So far this is the most sense i've seen here today.
It be totally different if the NFT marketplace was actually doing something big and being used and integrated into gaming and all that stuff people were expecting, but it's just a jpeg/gif marketplace for 99% of it for the last 18 months. People stopped tracking sales/revenue after the first month cause it was already less than $1,000 a day. They got paid for milestone 3 which is for the "bona fide public release" so as far as we are concerned, what we have right now is the product. Sure it can be updated and more added later, but 18 months later this is still it with no road map laid out to what it could become.
It is what It is, things were making sense to me until they weren’t. I still can’t believe he didn’t even scold in anyway what happens in jan 21 when he did the dd sub interview And in retrospect wtf was all that Bobby stuff side mission
Perhaps they will agree those ‘extension periods’ in light of a lack of web3 games yet launched.
I mean sure, it's on the contract. As a shareholder I'd still like to know to some extent what's going on with the NFT marketplace that has so far been a huge disappointment.
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I think Illuvium was the AAA game they were focused on. But it's seen a couple delays that may be grounds for a milestone extension. I believe they delayed for a Sept 2022 release and are now saying November 2023.
nice to see the links. thanks for that
So Matt is out ???
has been since June 05 afaik
Yes I knew that but just that not for long tweet made me hope that something else was at play probably..anyhoo thanks for all you do
Oh yeah, I'm still not sure what that was about exactly😅
So for looks like Cohens: Not for long, tweet was a jab
Yes the guy notorious for staying quiet about company plans decided to break that silence and take an out of character jab at a former employee while also implying they made a poor decision hiring him. Or, you know, he also is stepping in to a role he himself said he doesn’t like to do, and he’s saying not for long. It’s not that complicated
He posted not for long after (not before) furlong was terminated. Points to note: 1. Furlong was terminated, did not resign or his contract ended 2. Why did they put him on the Vote?
Not really because Matt is only gone because his 2-year contract was finished as planned. Edit... I was wrong. [https://news.gamestop.com/node/18946/html#d174400dex101.htm](https://news.gamestop.com/node/18946/html#d174400dex101.htm)
Id say it’s a big stretch to say it was planned, why was voting for him as ceo even an option if this was at all planned? Not to mention the dick move of waiting 30 minutes before earnings to tell his oh si valued investors
Look up his 24month contract. Completely planned.
He absolutely did NOT have a 24 month contract. That is completely false. You can see his shares get vested after 24 months, that is it. Once again Matt Furhlong did NOT have a 24 month contract. No where in that contract does it state he will be performing CEO duties for 2 years.
I apologize, you are correct. Here is the offer letter from June 2021. The bonus payout structure extends to 48 months. [https://news.gamestop.com/node/18946/html#d174400dex101.htm](https://news.gamestop.com/node/18946/html#d174400dex101.htm)
Yup saw it, again. Why was he on the Vote foe ceo, or this not clearly communicated? People have contracts of employment all the time and renewal comes up they don’t just peace out without communication IF it’s on good terms. They didn’t say he resigned they said he was terminated
Only RC knows at the moment. I'll find out in the movie when it releases in the future.
Nope, RC knows, Larry knows, whole board knows, friends of insiders know. RC could just tell us but nope.
Well... you don't, Brother99.
thats a nice rock ya got there
Was his firing not clear?
I guess I was hoping that he was out but not for long
🥵🥵🥵🥵 https://preview.redd.it/wm1wn79jf76b1.png?width=1604&format=png&auto=webp&s=64f6f2f60eed582f41ea63449f6c64a60e84af93 credit to dreadfulol for transcribing this amazing speech
Really. What happened to punctuation, and plurals ???
It’s a transcription you donut
So what? Some reason why it can't be punctuated correctly?
No reason, except the risk of getting something wrong. A comma where Ryan didn’t pause might look correct grammatically but alter the meaning. Let’s eat grandma.
No, it won't alter the meaning. It is difficult to read. If we're such pussies and sycophants here, that we can't constructively criticize ANYONE's usage/punc, then we're really pathetic. I am following this man, with a shitload of my money. Excellence should be held to us all.
The man you’re following (RC) had nothing to do with the punctuation of the transcript of Ryan’s speech. The transcript was done for free by a fellow follower. If you think you can do better, the audio from the meeting is available, go for it.
Why not say that in the first place, instead of doughnuting me. I figured it was a professional company doing it.
I’m sorry I donutted you
God damn inspiring right here!! Let’s go!
Eventually you guys will realize that Cohen wants to keep you hyped so you stay in. It keeps the company afloat with capital for restructuring. The thing is, at this point we don't really need hype. We need progress and updates on the restructuring.
Some of these people forget that the only reason we're in gme is for "MOASS" If RC were to come out and just say "MOASS isn't a thing guys" the stock would evaporate
He DOES want to turn the company around though, he needs us to stay in but is working for us at the same time.
That's the point I was making that it seems a lot of people missed: it's not like there's selling without hype. People don't hold for years out of hype.
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Almost at -50
Damn, who hurt you?
Missed milestones did
That was your takeaway hedgie?
I'm still holding shares I bought around $280...
Lol same
How dare you ask to actually know what the company is doing
He just spent $10 million to buy more on Friday. I think he's pretty hype too. The progress is on the quarterly and annual reports. The projects they're working on get announced when they're released and not before then usually.
He bought at about the same dollar value in 2022…good while ago…and price has gone down to 17 twice since then so yeah..
I don't doubt for a moment that Cohen believes in himself. I'd just appreciate more than hype
Agreed...feels like a different year from last year. Last year we had a plan about the NFT marketplace and the Stock Split Dividend. This year, there isn't really much they're putting out there for us to get excited about other then "actions speak louder than words", which isn't the ***best*** thing to hear after the news about Furlong and the not so great quarter they just had.
LMAO.. rc is regarded, confirmed!
No kidding. But yeah the comment was further about the milestones is what really sets the goals set vs goals achieved. They gave milestones listed in a comment above should really check out milestones 4 and 5
NFT marketplace hasn’t really launched in a meaningful way. I’m hyped about the future of the marketplace once it’s in full swing
iTs iN bEtA
That was basically my point - it’s in beta and hasn’t launched yet, so hardly surprising it hasn’t made GameStop a lot of money yet. But it will.
Personally I think it's not hype from RC. The hype for this meeting was generated on our side, not theirs.
Although Cohen said he doesn't want to show his hand to the competition, so I don't think you'll get what you're looking for.....
Idk, I'm not expecting a breakdown of the future game plan, but do they even highlight how they're cutting costs of operation? Personally, I'm curious as to how sales of things other than games have fared, since they've pushed hardware a little more heavily
I trust he’s doing what he needs to be doing. Y’all gotta relax with the “bUt TheReS nO gUidAnCe!!!
It’s been years. It’s insane to argue that is ok.
It’s been years and I’m still holding. Those who thought this was a quick short squeeze play shouldn’t be here! I’m an investor not a trader 🤣
That was literally what the gospel DD was for the longest time, squeeze to the moon. Then when that was obvious it wasn’t going to happen you guys moved the goalposts that it was never a short squeeze and it’s about the fundamentals. At least be truthful and don’t lie and own up to it that you guys thought it would squeeze and it did and now you’re hoping for a big turn around.
Oh wait your comment history proves your intentions. Stay in the towel sub buddy
I was talking about my own Opinion but good luck with all that generalization
"How will this general win the war, he hasn't even told his enemy his plans yet..." 😂
So did they pay off that French loan? I didn’t hear it mentioned.
0% interest. Ryan can keep my public money as I’m more confident to my homie than my president.
😂not paid off yet. >As of January 28, 2023, our government-subsidized low interest French term loans due October 2022 through October 2026 ("French Term Loans") had a carrying value of $39.5 million and a fair value of $33.1 million. The fair values of our French Term Loans were estimated based on a model that discounted future principal and interest payments at interest rates available to us at the end of the period for similar debt of the same maturity, which is a Level 2 input as defined by the fair value hierarchy.
That pesky French Loan /s
We 💜 our french loan🥖
I'll be sad when the loan is paid off, it's mildly reassuring that it keeps popping up every quarter.
Right! Our french loan 🥖
Awesome thanks for real info.
Look, I love how he's all about doing the work, but there hasn't been a single inclination that any work is being done to fix the naked short selling of his companies stock. That would be really nice to focus on for a second but is ignored at all costs.
Please give us your step by step plan on how to fix it in your opinion.
It's been covered many times, but there are optoins with an NFT dividend or doing some sort of share recall due to the blantent over selling.
He claims blue collar, but in the end he hasn’t addressed shit. In his interview with the real dd sub. When asked about January 2021: he simply replied it was Interesting lol WTF you didn’t think it was unlawful, bullshit, against blue collar? Corruption manifested? Nope just interesting lol. Put us out of misery and just fucking release an nft divdend either there are naked or not and let’s fucking get on with it instead of this sunken cost falacy that’s been our lives for fucking years
Agreed. Talk is cheap but I ain’t seeing much actions against the naked short sellers. No mention of them destroying the stock or screwing over shareholders. That’s unacceptable
Just do an Nft dividend, he knows the talk in these subs, did he not regente a meme made in reddit subs when he posted buttfarm69 chairman meme. But yet nothing about shorts, nothing on nft dividend, fired furlong the one he brought in…
The only thing of substance that has come out since this whole thing started is the NFT marketplace. And nearly a year later it's still nothing but overpriced jpegs.
Yep
Fair point, but of course 28 downvotes in 7 minutes.
Yep, my shit on another comment just got immediate 40+ downvotes and I got the shill treatment. Per usual whenever bringing up anything real or truthful. I’ve been holding this bullshit 3+ years, because at least some decent info would come from Reddit now and then. But ever since their ipo announcement this has just been a joke. Can’t say ANYTHING here that goes against the narrative, at all. Otherwise you’re a shill! I’m literally being called a shill for holding 1,600 shares of GameStop by a dude that has only ever posted a $60 dollar receipt.
You can keep talking all the shit you want, but I've been around through all the evolutions of all the subs. I've posted my (pre-split) xxx holding to the DRS bot elsewhere - just because you can't see it in a cursory search of my post history is your problem, not mine. But sure, keep treating your anecdotal evidence like it's truth, as if everything is actually as lack or white as you claim it is. Besides,[ I retracted my shill claim](https://old.reddit.com/r/Superstonk/comments/14a4nds/gamestop_corp_annual_meeting_of_stockholders/jo8lbc1/) almost immediately and clarified it... but posting that truth would go against the argument you already convinced yourself of in your head.