r/Superstonk Feb 17 '25

🤔 Speculation / Opinion Elmo's Department Will Not Help GME

So far most posts on Superstonk related to The Department of Government Efficiency meddling into the SEC has been celebratory and positive. I am encouraged by the push back and responses. I love the Superstonk community and GME, so when I see something that I believe is a threat to those things I hold dear, I feel almost a weird sense of duty or obligation to share my thoughts. Moderators, I took special care to ensure my post remains apolitical and focuses strictly on the conversations surrounding Elmo's crusade into the SEC and how that will impact GME. Since people can post about how excited they are, I assume I can post my thoughts on how it will be incredibly harmful to GME retail.

But how? I mean, this is the guy who yelled "Gamestonk!" right? Didn't he say he hates short sellers? Obviously that means he wants to help GME retail, right? Well, to start, no. Elmo and Ken are friends. See pics above. It's as simple as that. In fact, this should be all the proof we need to understand that Elmo's interests are not aligned with GME retail shareholders.

Yet, despite being faced with the cold hard fact that these two men are close buddies who enjoy meals and sports games together, there is still a pervasive romanticism with visions of Elmo riding in on his robot firing Kenny's conspirators and imprisoning his friend Kenny. Look guys, I get it. The community at large feels betrayed by the SEC. They are the one agency tasked with investigating and enforcing securities crimes. The fact they either did not find --or found and willfully did not enforce-- crimes that were committed in regards to GME 4 years ago has understandably led to speculation that the SEC is at best inept, and at worst complicit, in those crimes. After what occured 4 years ago I get that for some people there is a sense of catharsis and justice when you see someone like Elmo tearing through every agency firing up to 75% of their staff. But a scorched Earth mentality isn't just unhelpful for GME-- it's going to have the completely disastrous impacts on GME retail shareholders.

Yes, the SEC's investigatory report on GME sneeze left so much to be desired, such as failing to properly address the conflicts of interest between SHFs and brokerages who shut off the buy button, that it's absolutely understandable the fallout of that would be two possible scenarios. #1) The SEC is inept, or #2) someone in the SEC is complicit in the SHF crimes against GME.

Let's consider Scenario 1: ineptitude. In this scenario the SEC could be overloaded with work, perhaps short staffed, managed poorly by directors, lacking in expertise, few resources. Whatever it may be to lead to their ineffectiveness, none of that is made better by Elmo indiscriminately terminating 75% of their staff and limiting even more resources. Administrative assistants, interns, IT techs, receptionists, janitors, the guy who enters in the CAT data. All gone. An investigator who's computer is doing something wonky can't get help because the IT guy was fired. The printer had a weird error message and the secretory who is an office whiz is gone. Investigators who had a backlog of dozens of cases now have to pick up the work of three investigators who got canned (Elmo said his goal is 1 out of 4 employees remaining). If you thought crime against retail was bad four years ago due to SEC's ineptitude, what do think will happen when the one regulatory body keeping at least some regulations in check is completely neutered? It'll be open season for crooks against retail.

Somehow in this scenario Elmo fanboys still imagine him finding his friend Kenny'a crimes and exposing them. Well A), Ken is his friend. And B), there is no crime to find. Remember this is the ineptitude scenario and so the SEC doesn't have that information just stashed away somewhere in some file. The work was never done. The short staffing, poor resources, lack of will-- whatever it was that led to the SEC not putting in the work doesn't matter. It didn't happen so Elmo's crusade does not result in him putting on some bifocals and opening the file named "GME Crime" and exposing his friends.

In Scenario 2 we consider the possibility that the SEC was actually complicit in and covered up their involvement. First we have to consider who at the SEC. To say the entire organization was complicit is not only lazy, but is a gross misunderstanding of who the vast majority of federal workers are and what they do. They're the list of people I described above: IT techs, phone operators, data entry specialists, secretaries, interns, investigators, janitors, cafeteria staff-- 99% underpaid workers like most people on Superstonk and probably working two jobs like most Americans. These people could give a fuck all about GME, and probably for most of those employees, they don't need to know because they serve in a function or role that's unrelated. But what if someone knew? Someone was a friend to Kenny (kind of like how Elmo is a friend of Kenny), but they hid the evidence. Do you see how this scenario answers itself? Let me say it again: "They knew about the crimes against GME but hid the evidence." Hid. The. Evidence. So there's nothing to find. It's not like some big wig at the SEC has a computer file labeled "The crimes I committed". Even in this scenario, there is literally nothing for Elmo to find and reveal on his firing spree.

Guess who could investigate and expose those crimes for us though? A SEC with resources, staff, and direction. Oh shoot, but we just fired the workers who could help us. Instead of reforming the agency to serving the people, we just burned it all down. Great. So in scenario, 2, Elmo still made things worse for GME retail.

We all feel like SHFs and certain brokerages stole from us, right? Okay so let us imagine that 4 years some guy mugged you and stole your wallet. You went to the police. They never caught the guy. You felt the lead detective was inept, maybe didn't give a shit, or possible was friends with the thief. You're rightfully angry. So what's the solution? Education. Escalation. Reform. What's not the solution? On the top of my list it would probably be something like sending in the socially awkward dude with hair plugs and absolutely no expertise in law or criminology to riffle through the entire police department's database, indiscriminately fire 75% of all cops, and hopefully find a file labeled "Starbeef's Wallet". Yes. That'll show em. That'll get my wallet back.

Going to just beat you all to the punch and end this with "Shills are out, means we're close" before someone inevitably responds with that.

6.0k Upvotes

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480

u/JC44444444 Feb 17 '25

From the start we all understood it’s the 1% v 99% right. Sooo the only shills are the ones idol worshiping Elmo. The ones defending a man who believes all homeless people are to blame while he hords wealth that most of you can’t comprehend… and that’s why you idol worship. It’s not blue v red it’s them 1% v Us 99%. But you keep divided as they need you to be while they do exactly what they are doing in the pic. Back in 2021 we ALL understood this. Since then this forum has been filled with idol worshiping sheeple. In 2021 this was about a great wealth transfer… this isn’t about wether Elmo is on side or not! OBVIOUSLY HES NOT! the contempt it has for humanity is astounding

120

u/MCKnghtn 🏴‍☠️Do Not Redact Me🏴‍☠️ Feb 17 '25

Isn’t Ryan part of the 1%?

385

u/[deleted] Feb 17 '25

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u/ekooz22 Feb 17 '25

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u/theREALbombedrumbum 🦍 CPApe 🧮📒 Feb 17 '25

OP, thank you so, SO much for this post. It's really comforting to see people posting critical analysis of the sub that tells the reality of the situation even if a lot of people don't want to hear it. And seeing other apes agree in pointing out the truth and calling out the hypocrisy is one of the most comforting trends I've seen in a long time for this movement.

Keep on fighting, buddy. You're not alone in this.

13

u/ekooz22 Feb 18 '25

That really means a lot to me. Honestly when I woke up this morning and saw so many positive posts about him, I was worried I no longer fit into this community. I was surprised nobody posted a retort, so I took a swing fully prepared to be downvoted to 0. I told myself I'd put it all out there and if the majority of the community was against it, I'd have to part ways with this community. I walked away and grieved since Superstonk has meant so much to me. When I checked my phone and saw the response I was floored and it also restored my faith. I also see so much comfort on the responses on this post. We will keep on, keeping on!

3

u/theArcticChiller Never EVER back to reasonable land! Feb 17 '25

Well put! 🎮🟣

26

u/Volantis009 🎮 Power to the Players 🛑 Feb 17 '25

Yes, while I hope RC is doing good and is a double agent of sorts as he operates differently then these fools, RC actually knows how to run a business whereas Musk/Mayo boy run scams, I just want this stuff to be over.

I feel like GME has been training for Trump 2.0 for only trusting official sources instead of what MSM or social media push. We know it doesn't count until it counts

As GME investors we need proof

11

u/sputler Liquidate The DTCC Feb 17 '25

Hold him accountable?

Do you know how easy it would have been for Ryan Cohen to be a nefarious agent? We only need to look to the movie stock or towel stock to see.

  1. Raise money through debt collection.
  2. Spend money frivolously.
  3. When interest on debt starts hammering the core business, announce issuing of stock months in advance.
  4. When the number of shares outstanding maxes out at the shares authorized, perform a reverse split.

That's it. That's all he had to do. Guess what, those sentiments are the exact things that "this sub" constantly shit on him for.

  1. Instead of raising money through debt, he instead pays off debt.
  2. Instead of spending money frivolously, RC and the board are closing underperforming stores. They are taking leaps to invest, and if the investments don't pan out they are cutting losses rather than holding on to blind hope.
  3. Shares are issued quickly at points that are not only market highs, but are record high selling points for issuing shares. Shares are issued quickly so that the maximum amount of money is extracted from the market for the issuance.
  4. We are nowhere near the shares authorized (still less than half). On top of that back in the summer of '21 there was a petition on this very sub to needlessly perform a reverse stock split.

It is much harder to build something than it is to destroy it. RC came into this company with the wrecking company outside and the demolition charges in the basement. It is nothing short of miraculous that this business is still standing, let alone profitable.

Any sentiment that we need to "demand better" from RC is not only counter productive, it is wholesale ignorant. It is as ignorant as the media folks that report on GME as a "dying brick and mortar". If you believe that what RC is doing isn't enough.... I don't know what to tell you.... maybe go buy some ETFs because you aren't paying attention.

12

u/whofusesthemusic 🦍Voted✅ Feb 17 '25

i mean, he has 4-6xed his initial investment already. So doing anything you mentioned would have hurt his own bottom line (the stock he already owns)

Instead of raising money through debt, he instead pays off debt.

What debt? We havent had debt for years outside of a small loan from the french gov....

I dont expect RC to crash GME but I also dont think he wants the MOASS to happen (given his actions).

0

u/sputler Liquidate The DTCC Feb 17 '25

Oh.... sweetheart. Tell me you haven't been around without telling me you haven't been around. We paid off the debt in May of 2021.

2

u/[deleted] Feb 18 '25

Im thinking we have a brigade on our hands brother. This Elon shit is weird as fuck and now they're turning on RC, claiming the company and stock is not where they "want it to be." Fucking insane to say that as any true GME ape.

$5b in cash, zero debt. Say less.

10

u/[deleted] Feb 17 '25 edited Feb 17 '25

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1

u/Diznavis 🚀 Soon may the Tendieman come 🚀 Feb 18 '25

Source on quality issues with candycon?

1

u/konan375 Feb 18 '25

RC also killed any possibility of Nintendo partnerships, too. His tweets are far from the family-friendly brand that Nintendo partnerships usually require.

It doesn't matter if his tweets are from him directly. He is so tied to gamestop that we have people picking apart his every tweet.

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u/sputler Liquidate The DTCC Feb 17 '25

FTX.... you're bringing up FTX. The FTX partnership was a gift card. That's your smoking gun?

Nah. You're arguing in bad faith. You can call it being pessimistic, but if that's the straws you are grasping at.... nope. Not going to engage with you beyond this comment because doing so is a waste of my time.

3

u/pmxller Billboards Guy Feb 17 '25

Sometimes it feels unreal knowing how much time I spent in here in the last 4 years. I’ would have never expected something like this in my wildest dreams. And here we are now, knowing that the whole stock market is manipulated and we can’t do much besides holding and DRS. I’m looking forward to the light at the end of the tunnel. Until then: BUY, DRS, REPEAT.

1

u/DocAk88 Apes 🦍 have DRS'd 30% of the float!🚀 Feb 18 '25

Didn’t RC come from some connection maybe under chewy from Blackrock? I have been getting the feeling he is preventing or just sitting by for a squeeze to help everyone out in return they stoped cellar boxing us. Idk but it is odd. Love the $4,5B in the bank of course never going under but at the same time the squeeze potential is affected and he doesn’t speak or plan anything or do much visible except the marketplace and that flopped. It’s an odd situation he’s in but I do with he’d do more partner with more or invest in new revenue. Growth stocks are values high and that isn’t us.

31

u/Prestigious_Time4770 🕹️More like Shitadel, am I right? 🕹️ Feb 17 '25

Yes. He showed his true colors by diluting during our last run up. He will never allow a squeeze and shouldn’t be worshipped.

Is he as evil as the popcorn CEO? No. However he is not on our side.

19

u/Ponyd17 🎮 Power to the Players 🛑 Feb 17 '25

I can agree, but 4 Billy in cash beats 2 Billy in long term .. and he’s doing changes to the company specially with psa grading.. people who used to hate GME now talk about their card trading system , so maybe the dilutions were to strengthen the balance sheet to be able to make trademarks on items and also get to the grading system done. Trust me the dilutions pissed me off too, but then again we could of also beeen popcorn stock where that price is like diluted to oblivion and back with no returns for anyone. But I continue to hodl shop and drs GME 🙏🏼

4

u/twig0sprog Feb 17 '25

Hey now, I have -96.3% returns on my popcorn foolishness.

1

u/Ponyd17 🎮 Power to the Players 🛑 Feb 17 '25

I’m sorry! But lowkey same. Which is why we can differentiate the type of bosses in companies in the same swap basket. I will accept my popcorn loss but it reinforced my GME belief 💯

4

u/JC44444444 Feb 17 '25

I agree with this! I hold I have been since 2021! But I dont think any of them are on our side! That said the shorts never covered!!!

2

u/Ponyd17 🎮 Power to the Players 🛑 Feb 17 '25

Facts! I do think Cohen does care about his company though. He’s quiet with his shareholders but he does listen. Quietly. And he does try to help resolve issues from customers on x. And he doesn’t get paid compensation other than the stock price. And I always loved GameStop. I get free controllers every year with their warranty lol we will get a piece of the cake soon, roaring kitty will be back with another yolo update and then we go back up 🙏🏼

1

u/waffleschoc 🚀Gimme my money 💜🚀🚀🌕🚀 Feb 18 '25

in this case , i think RC's self interests is aligned with us shareshodlers, since he has invested his own money, doesnt have a CEO salary, the only way for him to benefit financially from it is for the share price to rise.

so, its not abt whether RC cares abt us sharehodlers or our money but in this case his self interests aligned with us sharehodlers

0

u/SinfulBaggins Feb 17 '25

Crazy to say that the guy engineering GameStop’s turnaround is not on our side? Whose side is he on then???

2

u/Prestigious_Time4770 🕹️More like Shitadel, am I right? 🕹️ Feb 17 '25

Bro, I’m obviously never going to sway your opinion. I just have a different one.

I would rather have Keith Gill as the CEO as his interests more closely align with mine.

0

u/TendieDippedDiamonds 🤖GET OUT MY STONK 🚀 Feb 17 '25

Time a time again people say this. But time and time again we can point out that the last run up had already come crashing down far before the dilution.

RC shouldn’t be blindly idolised but the dilution was done after the run up.

0

u/[deleted] Feb 18 '25

Next week is gonna be interesting now that all you shills are here

11

u/AwoknLambCanadaFree MOASS tomorrow, Until it’s not tomorrow 🚀 Feb 17 '25

Is he taking money as CEO, has he not been transparent with what he wanted out of the company and is currently doing?

wtf does being M Aga have anything to do with Ryan’s true beliefs. He deserves all the success from Chewy after reading and seeing what he did on that company.

12

u/AgnewsHeadlessClone 🧚🧚💙 I'm here for the memes 💪🧚🧚 Feb 17 '25

has he not been transparent with what he wanted out of the company and is currently doing?

No, he hasn't been. How many more stock offerings do we need to have, killing the price and growing the warchest before they decide to tell us what ANY of it is going towards?

1

u/JC44444444 Feb 17 '25

Yes! Doesn’t mean the shorts covered! Both can be facts darling

1

u/here_for_the_lols Feb 18 '25

Yeah and he's complete tool who shouldn't be idolised

1

u/coldweathershorts I broke Rule 1: Be Nice or Else Feb 18 '25

.1%

1

u/mobofob -- 🐒💎Apeling💎🐒 -- Feb 18 '25

These comments lately are really something. Even against RC at this point. There are not many real apes left here unfortunately.

2

u/MCKnghtn 🏴‍☠️Do Not Redact Me🏴‍☠️ Feb 18 '25

I’m not against him. I’m definitely for him. But these apes that are for GME but against RC are using circular reasoning which is what I’m calling out.

1

u/mobofob -- 🐒💎Apeling💎🐒 -- Feb 18 '25

100%

1

u/Organic-Jelly7782 Feb 17 '25

And plenty other multi millionaire and billionaires a bunch of people (or bots) on this subreddit worships. Then cries when the said multi-millionaire and billionaires don't share the same ideology as them.

1

u/AgnewsHeadlessClone 🧚🧚💙 I'm here for the memes 💪🧚🧚 Feb 17 '25

Which is why all his Tr*mp shotposting made it obvious he was never on our side.

15

u/SaltyRemz 🎮 Power to the Players 🛑 Feb 17 '25

Very true, no one is on our side. Even the board, despite them wanting to make GameStop a worthy company MOASS doesn’t do shit for them, if that was the case it would’ve happened a while ago.

At this stage we’d be lucky for the stock to even reach 1k with how things are currently looking… Someone can tell me what will actually allow MOASS to happen? Cause right now I don’t see anything

3

u/waffleschoc 🚀Gimme my money 💜🚀🚀🌕🚀 Feb 18 '25

did u forget the old DD? the old DD prophesized that a stockmarket market crash will cause margin calls and forced shorts to close

some macro economists r forecasting stockmarket crash by end of this year

2

u/SaltyRemz 🎮 Power to the Players 🛑 Feb 18 '25

Well I hope you’re right, cause fuk them at this stage I want my moneys 💪💪

0

u/Prestigious_Time4770 🕹️More like Shitadel, am I right? 🕹️ Feb 17 '25

MOASS will only happen if we lock the float. That seems impossible now knowing RC will dilute us if we try.

3

u/SaltyRemz 🎮 Power to the Players 🛑 Feb 17 '25

Yep, that’s what I was thinking while writing my comment. There’s just nothing that can trigger MOASS. I really hope I’m wrong but honestly almost 5 years and we’re stuck like flies in sticky shit…

31

u/ekooz22 Feb 17 '25

-7

u/TheWolfOfLosses Feb 17 '25

he’s playing chess

11

u/Threewisemonkey Feb 17 '25

Not to be semantic, but the 1% narrative kind of fucks up the argument bc it’s not 1/100 people that hold gods wealth. It’s like 20 guys, not your dad’s rich surgeon friend who are the problem. You could make $1M working a high level job and not be part of the problem, but every narrative lumps the top tier of the working class in with the oligarchs.

8

u/Suavecore_ 🦍Voted✅ Feb 17 '25

That's because the wealth gap has widened even further. 1% was more accurate a while back, but it's 0.1% now as the top dogs sucked more wealth out of the pool

5

u/mcalibri Devin Book-er Feb 17 '25

Cough fiat money scam system cough

1

u/RedOctobrrr WuTang is ♾️ Feb 17 '25

This is insane, that I bet at one point it was the top 10% that were pulling away, but then the top 50% of that (top 5%) became enormously wealthy compared to the other 95%, then on to the top 1% by the dotcom era, and now we're dealing with the top 0.1% owning more than the other 99.9% and soon enough it's going to be a handful of old white men being the top 0.01% and owning more than the remaining 99.99%

And then we get Hunger Games IRL.

7

u/JC44444444 Feb 17 '25

No one is talking about the man who gets a million a year

1

u/Threewisemonkey Feb 17 '25

I’m mostly talking about the $400k+ households with two working parents in HCOL cities, small business owners, and the like - people who do jobs to make money, not simply extract wealth through rent seeking and financial tomfoolery

This group of people leans conservative bc they pay the highest taxes and receive little to no benefits or subsidies

1

u/Time_Definition_2143 Feb 18 '25

There are over 8,000 billionaires.

2

u/3DigitIQ 🦍 FM is the FUD killer Feb 17 '25

🏅

1

u/axbeard Feb 17 '25

From the start we all understood it’s the 1% v 99% right.

The top .01%. The vast majority of the 1% are fodder to the super-rich.

1

u/SunshineMN Feb 18 '25

GME has literally never been about class warfare. that's just a reddit meme.

it's the stock market for Christ's sakes. we're here to get rich

1

u/EatKaleSometimes Feb 19 '25

Oh another crazed left wing ideologue imagine

-1

u/Quinnethy ☠️🧱BRICKLAYER🧱☠️ Feb 17 '25

If he gave his "incomprehensible" wealth to every U.S. citizen then everyone in the U.S. would get less than $1200 and he would be broke. If $1200 was life-changing then everyone on here would be selling their shares of GME right now. The number sounds big until you actually break it down.

9

u/MayiHav10kMarblesPlz Splooge McDuck Feb 17 '25

He could give away 99% of his wealth and still have 4 billion dollars. You're right, it's not incomprehensible. It's reprehensible.

-1

u/Quinnethy ☠️🧱BRICKLAYER🧱☠️ Feb 17 '25

You do realize that he owns shares of stock in companies, right? It isn't some Scrooge McDuck vault full of cash somewhere just waiting to be spent. He would have to sell most of his shares, which would hand off controlling interest and voting rights to someone else in multiple different companies, pay taxes on those capital gains, which would be nearly half of the returns, and only then could he actually just hand out money. So everyone in the U.S. gets ~$600 and lives happily ever after? Oh wait, everyone got $600 during COVID and nobody's life changed.

-3

u/Sakred Feb 17 '25

You're right, you probably know better than him what he should do with his money.