FORWARD DISCLOSURE: I AM NOT A FINANCIAL ADVISOR, NONE OF THIS IS FINANCIAL ADVICE. THIS IS FOR EDUCATIONAL PURPOSES ONLY. THIS IS A THEORETICAL EXERCISE TO SHOW THE VALUE OF THE CASH OUR BOARD IS SITTING ON. I AM NOT TELLING YOU TO BUY OR SELL ANYTHING AT ALL, MAKE YOUR OWN FINANCIAL DECISIONS. I AM ALSO NOT BUYING THESE THEORETICAL M&A TARGETS, AND DO NOT HAVE A POSITION OF ANY KIND IN EITHER OF THEM! I AM SIMPLY TRYING TO TEACH YOU TO EVALUATE WHAT THE CASH ON HAND CAN DO FOR $GME IF PURSUING M&A

Hey there.

Who the fuck am I, I bet you're saying. Me too bro, me too.

I'm the weirdo who wrote a Superstonk DD to the SEC yesterday and forwarded it to somebody I believe may be sympathetic to our cause, hoping to enact change. Not trying to jerk myself too hard for that, I honestly did not expect it to reach 150k views and over 2200 likes. I am BEYOND HONORED to win the approval of the board. I was inspired to do so by Ok Mention if they are OK to MENTION!

Here's the post I am referring to.
(https://www.reddit.com/r/Superstonk/comments/1fhp03j/a\_letter\_to\_the\_sec\_anomalous\_trading\_around\_gme/)

AND YOU CAN TOO!

I wanted to lay out a roadmap for $GME. This is 100% speculative, and something that I personally believe can be reasonably accomplished. Shout out to my friend Nosey Dave for putting together a wonderful list of companies as reasonable and potential M&A targets, and these 2 stood out IMMEDIATELY. I am hoping that mods allow for this, as I believe this community is innovative and diverse enough to be able to enact change in the markets, and I believe that leadership watches our community for ideas. I am not giving financial advice, nor am I claiming to know the plan of RC and the board. I am establishing that there are multiple paths forward, and thinking outside of the box is how this entire saga began, why would it not end this way too?

Deep Fucking Omnichannel Excellence

I am going to provide only a cursory glance over the finances of the companies. My DD (which I guess is enjoyed here?) typically involves reading every page of SEC filings, and I simply don't have time to type my commentary on it.

So, let's look at 2 M&A candidates that I believe MAY strengthen $GME's omnichannel excellence, and provide a memorable experience that brings them BACK OVER AND OVER!

NUMBER ONE: Ubisoft

"You Be Soft" is a company based internationally through it's subsidiaries, and is well known in the gaming community/industry. Their IP includes popular and nostalgic game titles such as Assassin's Creed, Prince of Persia, Rabbids, Far Cry, For Honor, Rocksmith, and the Tom Clancy's series. They have been tapped by Disney to create video games based off of Star Wars IP. Look at this catalogue, it's kinda impressive.

Games

Moar games

https://www.ubisoft.com/en-us/games has a good catalogue, anyways... you get what I'm saying right?

This company trades as U B S F Y (IT AIN'T GO NO ALIBI, BUT IT AIN'T UGLY EITHER)

THIS IS NOT A U.S. COMPANY, AND ALL FIGURES ARE BASED ON EUROS, the current (as of 14:40 PST, 09/16/2024) conversion rate 1 USD to .90 EUR, so whatever amount you are looking at, multiply it by .90 and you have your USD adjustment.

Damn, that's ROUGH!

These guys are getting BEATEN UP! Market cap is 1.6B... they must be losing a ton of money or something right? Let's look at the Annual Income Statement below:

I see a company that is generating massive amounts of revenue, and is being completely mismanaged currently.

Okay, that EPS is brutal. But look at the top line revenue. These guys make money, they barely spend anything to produce that revenue, and their operating expense is MASSIVE. Maybe the balance sheet can clear that up for us? See below:

https://preview.redd.it/ewgpxwjbp8pd1.png?width=1239&format=png&auto=webp&s=fedcebbbd34e8ad205e129cdf52baaf51b935da6

Man, that is brutal! We are looking at a high revenue video game developer, with a reasonable amount of debt, investing in capital, trying to fuel growth, while leasing a reasonable amount of capital compared to peers. It is being mismanaged, and I don't think the brand is leveraged the way it could be... but isn't a component of the deep fucking value? Is part of Omnichannel excellence MAKING the games that gamers love?

Let's look at cash flow below.

Cash Flow Statement

Yeah, they are investing a TON of capital into the business at the moment. But it's making their finances look ROUGH. This is why Wall Street has reacted the way they have. Seem familiar?

2023 Annual Financial Statement Consolidated

Again... food for thought. Get that brain thinking of the opportunities that exist!

1. Zumiez, traded as Z U M Z, (the sound I make when I am zen and meditating)

Zumiez?! What the fuck Father, you must be actually stupid. Yeah, yeah I am.

Zumiez is a clothing retailer that has recently been put on a fire sale. The valuation of the company is about $500m today. Here's a quick chart below:

5 year chart on ZUMZ

Okay, beaten up since it got pumped into the pandemic. That's fair. Brick and mortar, styles and trends change BLAH BLAH BLAH!

They have a strong retail presence, a reliable supply chain of clothing, and the distribution infrastructure to support the company's impressive 770 stores, including 608 in the United States, 49 in Canada, 88 in Europe and 25 in Australia. - Sourced from ZUMIEZ IR website

Finances? Is it time for finances? OKAY FINANCES!

Income Statement- Sourced at NASDAQ site

They are generating revenue. But this seems like a similar situation to the one GME found itself in. There's a TON of stores, and some of them are HEMHORAGGING money. The sales, general expense, and admin costs are eating their ENTIRE MARGIN and then some. But surely the young men and women that ZUMIEZ aims to acquire as clients also game! It's the most popular hobby for children in the US, and it's not even close. They who makes the trends have the opportunity to ride the waves.

Financial Ratios

Above I have put the Financial Ratios for Zumiez, and it shows that 2023 was ROUGH for them.

Overall, not a bad business if it can be realigned strategically. It's much less of a dumpster fire than GME was before RC's intervention in my opinion.

Part of the cash flow, go look deeper if you want to learn more.

We see here, they are not borrowing their way to success, as of 02-03-2024. This can be turned around in the same exact way GME was.

And wouldn't you guys fucking know it... these are both included in MANY of the same ETFs as $GME...

Do I need to say that this is one plan, one out of thousands of options?

1.5 bil on Ubisoft buys the SO.
.5 bil on Zumiez buys the SO.

2 billion, plus let's assume a 500m forward looking valuation (WHICH IS GENEROUS), and you're looking at a 2.5b expenditure on 2 companies that may complement RC's vision.

Who knows. Just realize the cash that was raised is a boon and a lifeline. Now it's game on.

Thanks for reading, there is no TL;DR. Read my shit if you wanna know what it says. BE DILIGENT!

Power to the people! Power to the shareholders! POWER TO THE PLAYERS!