u/Edawg661

In the second paragraph, the last sentence says “GameStop, as one of eBay’s largest shareholders, would seek representation on eBay’s board as part of any partnership, they added.”

If RC or one of his colleagues gets a spot on eBay’s board, wouldn’t that person have influence over calling shareholders votes for eBay? Would be great if they could get in and create a path towards an acquisition that might not be as costly. I know it’s still a rumor, but if it ends up being true, then I hope it’s simply for a change of plans that still accomplishes RC’s end goal.

Thinking roaring kitty’s back, then 5 minutes roaring kitty’s not back, then 2 minutes the proxy vote dropped, and it felt like 2024 all over again.
But now the past few days have gave some clarity about how this isn’t actually the type of dilution that’s killed the price in the past. Adding shares onto the market is what causes downward pressure. This on the other hand is like the forward split from back in 2022. It just changes the share structure which reprices the stock. We’ll have a smaller piece of the whole company, which always happens in a merger, but our shares will be worth more.
How much our shares will be worth depends on how many shares are used to buy eBay. How many shares are needed depends on gme share price going into the merger. RC isn’t gonna need all 2.5 billion. He’s giving himself plenty of room to work with to carry out the transaction. Everybody will still have the same number of shares, and the value of your position will not go down when the when eBay holders get their shares changed to new company’s shares. I’m voting yes. I been in this for over 5 fucking years, so I might as well see this through. If all this gets voted no, my fear is RC could exit gme entirely, then there WILL be immediate downside.
There’s still a chance we all vote yes, but eBay shareholders block the merger on their end. Would be interesting to see what RC’s plan B would be after that.