Tinfoil/Speculation: Gamestop had already secured a deal to acquire Atari and it will be announced within the next few weeks 🎮
This is shared to me by PatientlyWaitingDog
"This post is purely speculation and in no way is financial advice.
I saw something (1st image) interesting today scrolling through Reddit regarding the CEO of Atari foregoing 10% interest on a loan to instead convert to stock share at $.12.
This got me thinking. Given some speculation around Atari’s post on Twitter/X with a whiskey glass set saying “Cheers 🥃.” on January 14th, 2025, and Larry’s ice cream (celebrating?) post on January 8th, 2025, Atari’s relatively small market cap of ~$58 million, and their focus on gaming/technology transformation, it doesn’t seem unreasonable to think that GME, with $4 billion in cash and supposedly in search of small-cap acquisitions, has already secured a deal to acquire the company at a slight premium, hence why their CEO is foregoing a guaranteed 10% to take control of a stock that is down 70% over the past 5 years instead.
NFA. As always, tomorrow."
This is shared to me by PatientlyWaitingDog
"This post is purely speculation and in no way is financial advice.
I saw something (1st image) interesting today scrolling through Reddit regarding the CEO of Atari foregoing 10% interest on a loan to instead convert to stock share at $.12.
This got me thinking. Given some speculation around Atari’s post on Twitter/X with a whiskey glass set saying “Cheers 🥃.” on January 14th, 2025, and Larry’s ice cream (celebrating?) post on January 8th, 2025, Atari’s relatively small market cap of ~$58 million, and their focus on gaming/technology transformation, it doesn’t seem unreasonable to think that GME, with $4 billion in cash and supposedly in search of small-cap acquisitions, has already secured a deal to acquire the company at a slight premium, hence why their CEO is foregoing a guaranteed 10% to take control of a stock that is down 70% over the past 5 years instead.
NFA. As always, tomorrow."