The Ben and Emil Show - BAES 51: GameStop just took a WILD turn

Episode Date: June 6, 2024

The GameStop story still isn't over, and it just keeps getting more interesting. We'll break it down for you. Plus, we're talking about Trump's verdict, the anti-woke economy, and so much more. Head to https://benandemilshow.com for this week's bonus episode and to support the show :) But before you do that, make Glen happy and sign up for Moomoo to get FREE SHARES, baby! Click the link to get 5 free shares when you deposit $100, and an additional 10 free shares when you deposit $1000: https://j.moomoo.com/00MbzJ __ We're sponsored by SHOPIFY! Sign up for a ONE DOLLAR PER MONTH trial period at https://shopify.com/baes This episode (and every episode) was masterfully edited by Dillon Moore. Check him out at https://www.dillonmoore.co and @ dillonmoore on IG Follow us on instagram! @ benandemilshow @ bencahn @ emilderosa and @ dillonmoore Learn more about your ad choices. Visit podcastchoices.com/adchoices

Can you stop pulling these pictures up? All right, we're starting the show. Welcome back, everybody. We're on episode 51. Welcome back to the Ben and Emile Show. What did you just say? The Ben and Emile Show. Oh, I thought you said Benham.

The Ben and Amil Show. I'm Amel DeRosa. Ben couldn't be here, but we have Philin host Kate Gosselin with us. Don't do it. I don't want to know. We're starting over. I don't want that. We have guest host Kate Gosselin.

No, we're not. I'm serious. I don't want that in there. It's too embarrassing. I'm embarrassed. Ben. I'm embarrassed. Luckily, Kate was able to get a babysitter for her. Are you insisting that it stays in the episode then? Yes. Okay, fine. All right. Hey, everybody. I'm going against my mom and my brother's suggestion that we don't call attention to it. My guy who cuts my hair who has been cutting my hair since I've been in high school practically. for the last several years has been like, let's put a little color in your hair.

Let's do some highlights. And I'm like, no, I don't need that. And the last few times, he's like, it really looked good. I really think we should do it. Trust me, we can just do it. It said, this last time I said, you know what? Okay, go ahead. And so we did.

And let's leave it at that. Well, enough about the haircut, Kate. I want to talk about what you've been up to these last few years. Well, my moron ex-husband, as we all know, has been DJing. and I have just been, I've been spending my time yelling at Arby's managers. Oh, that's great. And the kids must be in college now. I don't know.

I don't have any contact with those little idiots. Oh, great. I've been too busy at Arby's yelling at managers and pay less. This article says you're storming your way back to the small screen. Is that true? Yeah, I've got a TV show about all about how Arby's. Here you want of different Arby's across the country. You know how that YouTube guy did, he went, I think it was Ed Burbank, went to every like fudruckers in America.

I am going to every Arby's in America. I'm going to complain to the managers. I'm working down town with Benin'Lean. Tell me what's going on. Tell me what's going on. So listen to her up to Benin' Me. Tell me what's going on. Tell me what's going on.

Boy, you made me, you made me, you made my eyes water. I was laughing so hard. Oh, good. Well. Well, anyway, thanks for that, Emil. Thank you, trusted companion.

Also, I want to be clear. I hardly even noticed and then Ben pointed it out. Uh-huh. That's true. You could have just looked. You could have just looked. Yeah.

You look great. You look great. Thanks, brother. Thank you, thank you. All right, let's go to the comment of the week. It would have just been a little healthy razzing. Can't wait for the comment of the week next week. I'm sure they'll be gold.

But butt butter on the Ben and Emile Show.com says, Emil with a mustache would look like your average dictator. I saw that. I didn't quite understand. It means that if you had a mustache, you might look like your average dictator. Maybe if my hair was cut. I was trying to think of any dictator with a long flowing hair. True.

And also, old dirty Colin said, sitting here listening to Ben describe in detail how to make what he called a pipe bomb-like thing. And I thought that that was fun because, yeah, I sat there last week in detail. I'm also wearing my shout out to Dan Tumi. A shout out, big shout out to Dan Tum. I'm wearing my good work shirt that I got. Boy, we've got a powerful episode. We've got quite the episode.

We're talking about the Trump trial. Everything's going anti-woke. Oh, yeah, milk me, baby. Everything's anti-woke. everything's going woke so an economy has sprung up around anti-woke and then the GameStop stuff

just gets more and more exciting Roaring Kitty is back again guys got holy God it's really it's quite a big story it's really interesting on many levels to me and also equally perplexing so

we'll get into that and then there's another, there's another billionaire who for some, for some reason wants to prove that submersibles are safe. Yeah, it's called submarines, dude, and they're in the Navy. I mean, they got it. They got it dialed down, not these little, um, death pods. I don't know why he's doing it. Well, we'll get, we'll find out. And then if we got time, Kathy Wood just sucks ass and continues to make the dumbest investing decisions

and Mexico got a new lady president. Did you know that like 138 other candidates got assassinated? I didn't know that. Yeah. Like 137 or 138. Apparently it happens all the time during election season if you're running for political office for president in Mexico. But those weren't presidential candidates.

I think so. They had 138. Well, like in the early, in the early. part of the race. Are you sure about that? I think, I don't know. I saw it on... I saw it on Autism Capital's

Twitter account, which is a real account. It's called Autism Capital. I think maybe political candidates across the country, but... Yeah, maybe. For maybe small seats

and stuff like that. Yeah, maybe. I can't imagine they had... Small seats? What, like a stool? Three legs? 139 people got killed. No, well,

if the stat is real, but 139 people running for president? it again i think that's like where it starts and then it trickles down into the the mexican republican and mexican democrat which is what their political parties are that's so many people yeah it's like they're just a little bit sweeter because they use the real sugar like like mexican coke you're googling it yeah what are you googling mexican election assassinated here we go folks this is the first thing we're googling of the of the day how many

was I right? Was it correct? 37 candidates assassinated. Oh, excuse me. 37 candidates assassinated. Number one, you added a hundred. I added a hundred to it. I think in previous, there was one year where it was particularly, particularly violent. But yeah, 37. Christ. Yeah, I mean, you can understand why I would be shocked at a hundred. Still, one would be too many. Imagine if, imagine if RFK Jr. was taking a leisurely stroll in a, in a, in a, uh, in a top-down Bel Air in Dallas, Texas. It's all. They're talking about there was 20,000 positions to fill

and 70,000 candidates vying for the spots. So it wasn't presidential candidates. Oh, okay. Ooh. Still, still, still, 37 people getting assassinated. Put the Ben versus Emil counter up. That's just one, one. Is that one for you, zero for me?

Yeah. But we're both. Well, actually, I was wrong twice because I said 137 presidential candidates. Well, okay, let's get into the, yeah, let's get into Trump trial. to the Trump trial. So the gentleman who, as you all know, who was the president of the United States,

greatest president we've ever had for so many reasons. Ben can't wait to vote for him a third time. He was guilty on 34 counts of falsifying business records related to paying off Stormy Daniels, the pornographic actress. He paid her $130,000. to stay quiet to stay quiet hush money hush he did it via his so-called fixer michael cohen uh his lawyer michael cohen paid stormy daniels out of his own pocket 130 000 and then michael cohen got reimbursed which is one of the stupidest things you can do what reimbursement no letting uh telling trump you'll you'll handle it and just get paid later guy never pays up oh yeah absolutely that's so

Baffoon. Total buffoon. Idiot. Yeah, I'll handle it. Give me the money. So that happened in 2016. Sentencing is going to be on July 11th, just days before the GOP convention. So, oh boy.

I mean, just right off the bat, I don't know. My mom was really excited about this. Oh, moms are loving. Moms everywhere. Suburban moms? Suburban moms. Remember Trump when he was like, Suburban moms?

Why don't you like me? He said that. Yeah. Why didn't you like me? I don't understand. My mom was thrilled. She's like, they finally got him. And I'm like, Mom, I remember you saying that when Rachel Maddow gleefully announced that they got his tax returns.

And I remember when, you know, the grabbing by the pussy thing and everything. Come on, he's Teflon Don. He's Teflon done. Nothing's going to stick. And I said, what do you think is going to happen? She goes, I think that people are going to see through who he is and all of this stuff is really going to affect his image. and I disagreed. I said that I think this is going to make him even stronger,

and this is going to make the case for anyone who was a fence sitter, I'm sure that they're like, oh, yeah, those fuck, their deep states going after him too hard. I'm going to, I'm voting Trump. I don't think that's fair. I don't know exactly what the, I mean, I can't obviously know exactly what it does to a fence sitter, but I'm sure it's probably split. I imagine there's some people like that.

I imagine there's some people like, all right, I'm finally out. but who fucking knows. I mean, his base obviously is... Oh, it does wonders for his base. Because he raised how much money? $34.8 million. And that's the other thing. So, I mean, they broke their own record.

You know, it raised $34.8 million from small donors in less than seven hours following the verdict. Do you know what the previous record was? uh i don't but this is the most important part from their data nearly 30 percent of those donors were brand new to the trump donation so whoa from their data it said then yeah i wonder what the mama said ah yeah i know that's pretty good to me i wish we would cut it but i want you to see the data said that but the mama said um hey everybody we got to take a quick break here to think shopify who's the sponsoring this show kaching kaching kaching that's the sound of a new

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sign up for a $1 per month trial period. You can't beat that at Shopify.com slash bays, B-A-E-S, all lowercase. Go to Shopify.com slash bays now to grow your business, no matter what stage you're in. Shopify.com slash bays. Caching, ka-ching. Also, the funniest thing about all this, you know, you spent $130,000 trying to keep it quiet. It's like going back through it from 2015 on, nothing's hurt him.

Of course. You know, this whole... That's what I'm saying. It's crazy. But no, it's like, but he would have saved himself $130,000 and a whole headache by letting it just come out. Yeah, letting Stormy Daniels. She ended up coming out anyway.

But I also kind of get his, I mean, it was a different time. Back then, you were like able to tank campaigns by being like, actually, Senator, we heard you had a extramarital. affair and he's like, oh, I have to resign. I'm sorry. Didn't, didn't, uh, someone get in, not in trouble, but. Oh, was it John Edward? Do you think, no, not the, yeah, guy, but the, no, that's not John Kerry eat a hot dog funny.

Someone ate a hot dog. And everybody was like, look at that fucking moron. He's guzzling that thing. I don't remember. He's just all taking a bite, just throat and damn hot dog. The glizzy is everybody calls him. I mean, there's all kinds of things. Michael Dukakis with the, um, looking funny in the helmet.

Oh, sure. Um, Howard Dean with, yeah. Yeah, that's Howard Dean. That's the most insane one to me. Uh, he was enthusiastic. But he, Trump changed everything. There you, he should, he, I mean, well, that's the thing. He could, he could have never known.

We all thought when, when everything came out, the grab him by the pussy thing, we were like, damn, they finally got them. Yep. Boys, we got them. And then, yeah. And then people were like, actually, that's cool. Wait, hold up. What me and my boys talk about in the locker room, specifically, we make jokes like that.

Well, Trump said, I am a very, of course, he said, exactly. If you were to ask an AI what Trump said, it would spit out this. I am a very innocent man. This was a rigged trial by a conflicted judge who was corrupt. What's interesting to me also is that David Pecker, the National Inquirer guy. Nice name. Yeah, I know. No kidding.

Might as well be called Tommy P penis. Tommy penis owner of People magazine Well maybe it was Maybe he changed it It's like Dick Van Dyke Oh yeah Why would you change it From something else to Dick Van Dyke?

Well because his name was Penis Van Lesbian Oh, that's really good Penis van Lesbian Oh man Well so David Becker the National Inquirer guy, he testified in this trial about a 2015 meeting with Donald Trump and Michael Cohen, where they talked about Pecker using his connections. They all strategized.

Like, Pecker said, hey, I'm going to use my connections at the National Enquirer to silence any potential people who are going to come forward to try and tank your, what do you call that, election? Campaign. Campaign, thank you, Donald Trump. So he paid, there was a Playboy Playmate named Karen McDougall and Pecker paid her what? Pecker paid how many Playboy

Playmates would David Pecker have to pay to pay to pay to pay. So Pecker paid Karen McDougal 150 grand in 2016 which is, man, that's a lot in, that's at least $200,000 in today. They're wasting so much money. Yeah, to keep her quiet

about their affair. Donald Trump also has other cases that's going, I'd forgotten about these other ones. Oh, he's got so many cases. He's got the case for trying to overturn the 2020 election. He's facing that in D.C. and Georgia. He's got the one about having classified government records.

He's got the one in Manhattan where he owes 450. Oh, I forgot about the government records. When they went to Mar-a-Lago and he's like, oh, these? I keep him in the half bathroom. It's my poop bathroom. Sorry. Fuck. Damn it I mean.

Okay. He owes $450,000 million in damages to New York City for business fraud. He also owes $90 million to the writer E. Jean Carroll for raping her in, what, a Nordstrom? I think it was Bergdorf Goodman. Bergdorf Goodman dressing room in the 90s. And Hillary Clinton. Hillary Clinton is selling mugs in their shitty fucking mess. So she immediately took to Instagram and said, we recently had some new merch made based

on a phrase I hear a lot. The design happened to be finalized today. With your purchase, you'll support onward together groups defending democracy and get a pretty great mug to sip tea from. I feel bad for whatever social media manager made this post. I had to go to this post when it was posted and I had to look at the likes to see which my friends liked it.

And I was like, okay, I see you. Oh, interesting. I see one friend did. We should buy these mugs. No. No? They're so bad. Turns out she was right about everything, and she's sipping tea. When is she going to let it go?

You know what I mean? You mean, you ran the worst election in the history. I mean, Joe Biden is now giving her a run for her money for running one of the worst campaigns. Joe Byron? The president. Oh, no. Oh, real fast, I really like this image, one of the courtroom sketches of what's his name, of Donald Trump. For the audio listener, it's just Donald. Trump, but, like, drawn with colored pencils.

It's so wild that we still do that. It is a very Trump, uh, a very Trump face. He looks like he's going, huh? It was a perfect phone call. Huh? It was a perfect payoff. I mean, whoops. I mean, there was no payoff.

I mean, oops. He, yeah, I, why do they still do the, it's just sometimes it's up to the judge, like, hey, no cameras, no video cameras? Yeah. Why? I don't know. Because it makes it like crazy. You've brought up this point before.

It turns into a zoo, turns into a media circus, a veritable three ring, ringling brothers in Barnum and Bailey. There's too many Ann's. Ringling brothers, comma, Barnum, comma, Ann Bailey. I'm not familiar. Ringling brothers and Barnum and Bailey? It's stupid. It's too many ants.

Too many, what's that word? What is and? Amper sand. No, no, no, no, no. What kind of word is it? Not a contraction. It's a... Come on, schoolhouse rock, boys.

They were on a train. They connect the cars. of the train. This is crazy. Let me know when you're done. Some English teacher fan is probably like, it's called a fucking, I don't know what it's called. All right. The anti-woke economy. Well, that's, I mean, this. You and I are very anti-woke. We hate it. We hate this stuff. We'd rather be asleep. Dude, I got never woke in my bio on everything. I never woke up. I always sleep. The, you know, all this money getting funneled into the, into the Trump campaign. it's coinciding with also people are pointing out this

fucking God pointing out this new this new economy emerging I mean everyone remembers the it was basically a year ago we covered because it's now Pride Month, happy Pride Month we also forgot to talk about Stone Fruit Season, Happy Stone Fruit Season to all celebrate

but everyone remembers the fucking Bud Light fiasco and like all the target shit and yeah yeah and now it's a big one is the daily wire they have this

like enormous e-commerce portion of their business where they brought in 23 million dollars last year from selling you know mugs that say liberal tears and like all that kind of $23 million just from anti-woke merch

yeah but one of their big ones is is Jeremy's razors Jeremy's razors. Oh, I remember those commercials where the guy goes, hey, are you tired of Gillette saying that you should suck off guys? Try Jeremy's Razors

where we only endorse straight sex. Straighter than our, our razors are straighter than your sexuality. That's basically what it is. They launched it after, in March 2020, after Harry's Razors pulled ads because of

misaligned values. Oh, no. And so they're now branded, you can now shave woke free? Oh, just what I need. Do you feel like a cuck whenever you shave? I feel like such a dipshit snowflake whenever I take out my wall peanut.

And you'll never, you'll never believe this, but they're radically designed so you can shave like a man, not a manifesto. That's pretty clever. Is it? It's pretty clever. It doesn't quite make sense. Shave like a manifesto. What is that?

What are you trying to say? I guess I get it, but it's also... I don't know. And wasn't there a beer, too? Like, ultra right wing beer? Yeah, the something dad beer. No, you're thinking to happy dad, which is those guys. No, it is. Oh, it's like right wing dad beer? It's, uh, oh no, ultra right beer, sorry. Ultra right beer. Which has, well, that's the thing. They've found that like, so the Daily Wire basically said like, oh, here's a quote from their, uh, their CEO. We launched Jeremy's Razors for the same reason we launched a general and kids entertainment business and a news commentary and podcasting business because in order to win

we have to rip the economy in two. So they want this, but they want to buy for a good economy. And now you have, they have companies like, um, buy or well, public square, it like features businesses that have traditional values. Got it. So you don't have to, you know, you don't buy tide, which is going to turn all your clothes gay and stuff like that. You can buy, um, pride. shit it's for your whites yeah but it's also gonna be

pro gay no pride like white pride man what about pride like pride month oh yeah I guess shit okay actually that's what they should do what you do pride you sell it to both

you get you don't tell the other you get the left and the right yeah you just get a different I mean the whole thing is actually quite genius it reminds me there was a German company way there was sorry a German company a German startup over 10 years ago whose entire business model was taking American startups and just repurposing them for Europe. So they did it with Uber. They did it with

like Grubhub and all these other things. And they were massively successful. They just copied it and pasted it and did it over there. And here we're going to do it. We'll take woke companies repurpose them for. You really could. Like, hey, you're tired of going to Airbnb? We're doing an Airbnb or a hotel where it's gay? Do Bay or B&B and they're like, fuck, it's, now it's just for gay guys again.

Now it's just, yeah, that would be smart if Airbnb got ahead of it and they were like, oh shit, people are going to think we're too gay. We should have a subsidiary that's just for Pride people. Which pride? This one's gay or white?

This one's the gay pride. This one's the gay pride. And regular Airbnb is for white pride. It's like Diet soda. You know, it's like Diet Coke. You got the, you got the... Which one is Diet Coke gay or? I don't know anymore.

I don't know. But it is a good idea. It, for them, I mean, it's a good idea in the sense that there's people dumb enough out there to participate in it, obviously, and who just want to be... So it would be really fun if an enterprising member of the LGBTQ community were to, you know, go make a company that advertises and markets themselves. specifically for right wingers. And then after a couple of years when you've made millions of dollars, reveal yourself,

come out of the closet, so to speak, all over again. And those people will have an identity crisis unlike anything we've ever seen before. A public meltdown. My favorite one is you can use the site buy wokefree.com, obviously, so you can make sure

that your companies aren't doing anything. How woke is Pfizer, the first thing says? Well, so this is my favorite thing. Meanwhile, the site Buywokefree.com rates companies based on their wokeness. It takes into account companies marketing and adherence to DEI. So it considers McDonald's and Lockheed Martin extremely woke. Lockheed Martin is extremely woke. Whoa.

I think McDonald's, they're obviously their website sucks ass. What are you talking about, dude? This rocks. Oh, Southwest is extreme. Oh, well, cool. Stone X, the financial services company we all know and love. Great. I know.

I know where I'm investing. I know that World Connect. fuel services. Oh, no, Raytheon is somewhat woke. Procter & Gamble, not as woke as I would have thought. MetLife? Huh, interesting. Here's some woke-free brands.

None you have ever heard of in your entire life. Oh, my God, wow. What? Yeah, all the ones that are... Patriot Shave, Candid Naturals, A Better Way. Those are actually my favorite brands, the ones where it's like, like, rifle, coffee. Yeah, well, yeah. Wake up with a shot to the head.

I should have gotten a yeah sorry I just yawned because I I'm tired um I should have let's keep listening to the tired I'm cutting out you saying you're tired I am really wow Goldman Sachs is extremely woke dude you know you can't trust them not very woke target this is really fascinating is it fascinating they're just they're just finding any they're just finding any company with a with a DEI platform on their website and being like extremely woke do not chop there city group Bank of America Walt Disney of course that's there that's as well as fargo doing Wells Fargo is well into the woke Starbucks apparently signing people up for credit cards they didn't apply for extremely woke damn Amazon is woke off the off the rails anyway

that Amazon woke off the rails uh so So there you have it, folks. Now let's get into what you, what we really all care about. What we all came here for. GameStop. Is that Roaring Kitty's music? I don't even think he has music, does he? It's just the old, it's just like a, you know, when like a wrestler comes in.

Oh, oh, sure. What would that sound like? His music would be. Uh-da-da-da-da-da-turn. No, that's football. Yeah, I think it'd be a bunch of meows. That's NBA. It'd be mea, mea, mea, mea, mea, mea, mea, yeah, man.

But like dubstep. Yeah. Miao, mial mial. Well, so we all know that he reemerged a few weeks ago. We all know it. We all know that he reemerged. For my mom, it's the guy who, like, was behind the whole GameStop thing. He reemerged in the form of just tweeting a bunch of shit.

And I speculated here on this show that his account had been hacked. And what happened? he had not posted on Reddit, he had not posted on YouTube, it was only the Twitter account. And it was also so vague, but it caused GameStop to temporarily spike again from like $15 a share or $10 to share to like $70. Excuse me. And that was exaggerate. Sorry about that, folks. Kate is a little under the weather.

Let me, I'm not going to do, let me talk to your manager. I can't do that joke again. Well, so he finally is back. with, he posted his actual, just like he used to in 2021, when GameStop first was going crazy, he posted screenshots of his account. In your defense, none of this is verified or anything like that. It's all just. It's wildly speculative.

It's being posted from his accounts. It's being posted from his account. He's got the screenshot on there. And this time. And he's not doing, you know, like the YouTube videos and stuff that he used to do. Yet. He might. Maybe he's rolling it out and nobody knows.

Right. But I've got his screenshot pulled up here. He now owns 5 million shares of GameStop at a average price paid of $21.27 for a total value, market value, of $140 million. And then he also recently bought some June 21st, $20 strike calls at $5.67 cent valued at a hundred and twenty million dollars it's uh it's really fucked up to me it's um it's incredibly stupid i think he put so these just so everybody understands what these options mean he paid five dollars and sixty seven cents for them so in order for him to

break even by january 21st he needs the game stop to be at twenty five dollars and $67 because it's the $5.67 that he paid for them, and it's the $20 contracts that he bought. So he's got to be over $25.67 by the end of June, or June 21st to make money on those. And if he chooses to exercise those options, he needs cash to cover the initial purchase price, the strike price at which he would be buying those, what, $12 million shares? So that would be about, or is it $1.2 million? Either way, he would need like $68 million. He would need way more cash than he currently has.

You know how much money he's got? It shows in his screenshot that he's got... Yeah, in one account. $29.2 million. One account? You don't think Roan Kitty's got it like that? Meow, me, meow, me, meow. It's so perplexing.

This guy won. He won already. he made it was speculated that he made like $50 million off of the initial run my guess is which he was wrong about his last guess so my guess is he made that $50 million or so and then he bought a bunch of game stop just the stock or maybe some options maybe a combination of both he bought a bunch of it started tweeting sold a bunch of it into that pump and now he's got a ton more and then bought again lower and bought these options And just pumped it up again. And just pumped it up again. His last post on Twitter was just the Uno Reverse card, the green card. So people were going nuts. Meaning what?

I don't know. Just like, hey, the tables have turned on the short sellers, I guess. Also, GameStop earnings are coming up. You don't know how many Funkopops they sold. That's true. They could have sold a hell of a lot of Funko. I believe that their earnings is coming on June 11th. It's true.

And that was part of the thing that they were speculating about because he was posting clips from movies on his Twitter account. And they're like, oh, this movie came out on June 11th, 1994 or whatever. God, this is fucking ridiculous. 2006. I know. So they're like, maybe he's asserting that earnings are coming and they're going to blow it out of the water. But so this go-around is different in so many ways from three, four years ago. I mean, just the way it went up like a rocket chip, that is not happening here. It's, uh, you know. Back then, His thesis was... Didn't it peak at like $500 or something like that?

Something like that, pre-split. His thesis back then was GameStop is horribly undervalued because at the time it was, you know, like a hundred and something million dollar market cap or whatever it was. GameStop is undervalued and it's shorted to shit. Like there's way too many shares short. There's more shares short than there are shares available to buy.

Right. And so he took advantage of that discrepancy and it was just the perfect storm. and when it started to go, it ignited this, it just became this snowball effect that shot it up to $500 a share. It is way different now because, A, he's not buying it at like rock bottom prices. He's buying it at whatever $15, $16 billion valuation it's currently got. So the thesis that it's undervalued, like, what's the value?

$8 billion, $8 billion company. It's a totally different ballgame this. time. He's not buying it at rock bottom prices. Wait, that's what the market cap was when he was buying it the first time? When he was buying it the first time, I think it was well under a billion dollars. It was at like a dollar or two a share. Christ. It was, yeah, it was crazy. And it shot up to, you know, however many $25 billion market cap. Probably more than that. I'm getting it wrong, but I don't know how the numbers are right in front of me. But so yeah, like I said, this time is different. Not only because he's not buying it at rock bottom prices, but because the dynamics that

were there in play to cause that squeeze no longer exist. There's not, there's like, whatever the short interest is on it now is like, I think it's like 10% versus like 150% that it was a few years ago. So all he's got is his power, his meme magic. Dude, he's a meme lord. To potentially pump the stock. So it's really risky for him now because now everybody, every hedge fund, every pod, every, every, um, every trader, every institution can now see exactly what cards he's holding.

And they are, arguably, it's almost like he's tempting them, like, hey, come short my shit, try to fuck me on these options and see what happens. So it makes you wonder who he's, like a great idea from, from what it looks like. No, I mean, it's not. He seems to have good cards, I'm saying. Like every time he tweets a fucking meme. Right. The thing shoots, up 20, 30%. I think that it's losing its efficacy because now people see like, oh, people at first were waiting to see if it was really him. So now it feels like, okay, this is really him. You would think that the stock would be well into the 30s or 40s by now, but it's not. It's just like, oh, okay, he's back and he's got a massive position. Wait until he posts a YouTube video.

If he posts a YouTube video, but again, like, so what's his thesis going to be this time? The earnings are going to be good? So I watched it yesterday and I saw that the, um, the was like 165 million shares yeah on the market but yet it didn't really move does that just mean there's an insane push and pull yes it means that there's an incredible amount of churn it could be i mean in small part i think game stop has a um oh god i forgot what it's called an ATM i forgot what it stands for but uh automatic teller machine thank you they've got they've got a filing out there that gives them they basically can dilute at any time, so they've got shares to raise money, I think. And yeah, it's probably just a ton

of retail traders pushing and pulling market makers who are selling options who have to hedge by shorting the stock or buying the stock or whatever. What? Ape together strong. Ape together do be strong. That is true. If he somehow was able to exercise all 120,000 options contracts, what would that do for the stock? It's not so much what it would do to the stock. It's what it would require of him. No, I know, but if he was able to, if he had that kind of money. He would be a massive owner of GameStop. I think he'd be like...

He would have to file with the SEC because I believe the threshold is 5% and he doesn't quite own 5% of the company. But yeah, I think it could, I'm not quite sure. I think that whatever entity wrote those options contracts would have to deliver by giving him those shares, however many shares, a hundred and, a hundred and however many thousand or million shares. I, Jesus Christ, I'm blinking on the actual numbers. But yeah, so that could create buying pressure if they close in the money and he exercises them. I mean, and then that could rally the whole market, all the retail traders behind him. And anybody who's, you know, you're

basically daring anybody to bet against you. And so like Citron, the fuckers that I hate, but sometimes have good views. This guy had a good, I mean, he's basically saying what I was saying. What made Keith Gill, aka Kitty, interesting initially, was his authenticity. He shared a detailed investment thesis and put his money where his mouth was, which combined with a high short interest in a restless country and boom, investing history. This time it feels different. Now, with GameStop, he posts with a large account and a significant near-term option position,

appearing more like manipulation without a solid thesis. Considering the stock is now 2,000% higher than his initial video almost four years ago. We believe, meaning Citron this short selling group, we believe someone is backing Gill. There's no way he made this size trade alone. His reported finances don't support this trade. Interesting. Investors will see through this roaring icarus. Ooh, I like that.

That is another point that we didn't quite mention is how different that period of time was just not with GameStop, but just with the country. Everyone's sitting at home fucking yoloing, yelowing options on Robin Hood. Yeah, aping fat bags together. Just completely different. So I think I, and I also agree with the part that he might be working with someone

because that is a massive size position just to be doing by yourself. Yeah. Like that's, I mean, that's not, that's not fucking. around money. That screams to me that he's coordinating with someone potentially. And with that amount of money, you've got to probably have good counsel in place that's probably letting you know, like, hey, here's the line. Don't tow it in terms of what can get you in trouble. Well, that's the

thing. So as of this point, they're saying he hasn't done anything illegal, but people are still not happy. I don't know if they've done it or taken anything action, but taking any action yet. But e-trade was like we might just boot him from the platform because we don't want to be facilitating market manipulation and this is starting to feel a little market manipulating yeah the SEC in Massachusetts announced today two days ago for you guys that they're investigating him but it's like this this it's funny that they're going after this guy when uh otherwise you can have groups like Citron, go short a company, and then put out a detailed thesis that catches the targeted company flat-footed. So they have no response initially. And then they can go on

Twitter or they can go on MSNBC or CNBC and tout their position of just like, hey, here's what I think. And they've already got their position on. And then the stock drops 20, 30, 40 percent, whatever it is. And then they clean up. Like, how is it any different than that? And they've been doing research for however long they've released these like hundreds pages reports being like here's why they're totally fucked and they could even though they're hundreds of pages or dozens of pages they could be just total hearsay i mean it was like the elf thing that we were making fun of uh they're associated with nexium it was crazy how their sales are going to get that really broke through into just like the cultural moment people were like oh yeah alpha they're they're in that

cult shit. And it was just like a short... Yeah. They, I mean, and that's one of the things where like that thesis was kind of probable, I guess, because it's, hey, a bad reputation can tank sales, especially on a platform like TikTok where everybody's very political, everybody's very opinionated, and the tide can turn on you just like that. Yeah, but it felt so tenuous.

I mean, it was like, they were like, and on certain occasions, they've been like, yes, queen. It's like... Or something like that. Or they called people girl boss. Yeah, which is the same kind of language that Nexium leaders used. But so, yeah, my estimation is that he could, I think he might, even if he does get in trouble,

it's like the SEC is so fucking inept and impotent. What, are they going to find him $5 million? He can afford it. All I know is I'm putting everything I got in GameSap. I'm aping fat bags. That, I woke up at 4 a.m. yesterday and I bought some AMC and it's down from where I bought it, which is stupid. But, and then I went back to sleep and I woke up thinking like, alright, because everything was gaping up on this latest, uh, latest revelation with, with his position. And yeah, it just did not pan out. But I thought the same thing a few weeks ago where I was like, well, the pump is over and it died, but then he comes back out with this. So it's like, okay, we don't know what. It's, it's, it's. It's. It's. It's. It's. Isn't it still lower than where it was when it originally pumped? Yes.

I mean, it went up to like 70 bucks and now it's back to like 26 and a half. The pump is kind of over. But we don't know. That's the thing is we don't know who he's in cahoots with. We don't know. There's a lot of conspiracy theories out there. Just like he could be working with someone. They could have done a kind of in as much as like I believe that Elon Musk

fucked with the price of Tesla. It's like he did the math. Like, okay, I can fuck with. the price of this and make X number of billions, but then I'm going to face repercussions. But the repercussions are going to be so small. Like, why wouldn't I do this to get all this money? And then, yeah, I can then afford the fine. Maybe they're engaging in the same kind of behavior where, hey, we know that if we do get caught for this potential thing, we'll have made so much money on the pump that it won't matter. And the fines will be, we'll pay the little

slap on the rest. Yeah, they'll be inconsequential. But then it's like, okay, but, But is he the type of person ethically and morally, given the position that he had with all these redditors and retail traders as like the savior and stuff? Because if it's the case that he's doing that he's doing it on the backs of all these retail traders. Yeah, but some people are making money. Dylan, did you make money? Last time. Not this time. Not this time. This week, I have some options. But yeah, not let him go. Yeah. Okay. What strike price?

30. Okay. All right. Good luck. Thank you. I've got to get there. So for the uninitiated, that means GameStop has to get above 30 plus whatever Dylan paid for the contract in order for him to break even. What do you pay for the contract?

Let me guess. $2.20. A little more. $3.30. Yeah. All right. So if it goes to 33. 33.

He'll be break-even. All right. Roy and Kitty. I mean, I am too. Absolutely. Yeah. It's fun. Okay.

And, but again, it's like the dynamics are different, but who knows? Maybe they're luring in short sellers. Maybe he's working with fucking Ryan Cohen. Maybe he's working with some of the insiders at GameStop and they know that they're... I feel like Ryan Cohen wouldn't be able to help himself but be tweeting at this point too. That's a good point. That guy is... But maybe he's saving it.

My God. Who knows? This is my... Who knows, man? They might be, they might be ready to... like come out with like, hey, we're going to be investing in fucking, I don't know, AI or our recent investments in AI have really drastically helped our margins and we've got all this shit.

We're going to make the Funkapopop talk. We're going to make the Funkopopopop. If GameStop. Make doctors appointments for you. If GameStop rockets because of an AI. No, an AI announcement. Oh, geez. Jump off a cliff?

I'll fall on my sword in the next episode. Oh, Sepaku. Yeah. Sepaku for the true one year anniversary? Because that would be. look we've said it we are so back um and yeah you know what i hope i hope it rockets i hope it goes to the moon on i i hope um game stop is now going to be fine going to be able to find you games you love it might not be a i it might be something more just like um increasingly going digital

as their own competing video game marketplace similar to like steam or something do they already have that yeah but it's powered by ai dude oh yeah that's true if it's not powered by AI. Yeah. Isn't that the whole thing? Wasn't that the thing with Salesforce? Salesforce was tanking

because people were like, we don't know how to power this thing with AI. Like everyone's out there's like juicing their numbers with being like, we just can't figure out of power this with AI. We're injecting this thing. Every aspect of our business is going to be AI from now on in Salesforce. It's like,

fuck, it's kind of, you don't really need the AI it. There's so many fucking, I don't understand some of these companies. Like my little brother, my little brother, to my mom's yesterday for chili after my haircut and uh he works what what did you say we go to

something me me and my brother went to my mom's house for chili oh for his hair she made chili after my haircut to celebrate my haircut to celebrate no no to comfort me uh no just because i you know when i get my haircut down there i you always get sad like any woman does no i hit up my mom and i say hey, sometimes I'm like, hey, I'm going down and she, one of the, one of the easiest meals. She said fire up the chili. One of the easiest meals from our childhood that she makes is chili. And when she does that, I, boy, you bet I'm there. And then Nate, my younger brother comes up from Costa Mesa and we all have chili. Okay, great. It's like the, but I forgot what I was. Oh, so he, he is an apprentice for this, for this, uh, for this, uh,

HVAC company. And they're like putting him through school and putting him through the whole thing. And the company is called Johnson Controls. And I just Googled it because I'm like, what the fuck company is Johnson Controls? They're like a $50 billion company that does like $30 billion in revenues. Just another one of these like fucking Salesforce and Atlassian. And there's just all these companies that you would have no idea that they even exist or what they do. It may as well be a made up ass name. And they've got, he told me a funny story actually because he's got his work van.

and he's just like, oh yeah, I just bought this tool because my boss just like says, hey, you need anything? Just buy it on the company card. He's like, look at this. It's like a $400 light that he needs for work. And he's got all these wrenches and tool sets on. A flashlight? It was like a, you stick it

on and it's like a very bright LED light. But hey, we gotta get one of those. He goes, yeah, I worked with this guy because I said, Nate, you should be careful. Like, you know, don't buy anything that you don't need. He said, I only buy stuff that I need and I can justify every purchase, but there's, he said that there was this one guy he worked with who was using the company card to buy thousands of TVs. Fuck yes. And then reselling them on Amazon.

Thousands? Thousands of TVs. Are you sure this isn't like the 139? No, he said thousands of TVs. Over the course of a year, he was just buying TVs and reselling them on Amazon. I mean, that's just a good business. And I go, yeah, but he goes, it's not a bad idea. And I said, yeah, but look at him now. He's probably in jail. He's like, He's like, no, he's not. He just got fired, and then he got a job somewhere else. You can't argue with that. Plus, he made a lot of money reselling the TVs. He should have just shared the profits with the company.

Like, hey, I found a nice little viable business model that add to the bottom line there. Hey, Johnson, how do you feel about getting into TV resales? Let me ask controls. Controls? How do you feel? Anyway, yeah, I wonder what GameStop's going to, what thing they're going to pull out. I don't know what the fuck their business model is anymore. They sell games and they sell consoles and they sell Funko Pops.

I don't even know what the fuck they do. It's a game store. No, I know, but so many games now, from what I understand, are they, yeah, they have digital stores. I'm like. I think Xbox is, they're about to do the latest, is it Call a Duty? There's some new game that's about to come out that's, that they're only selling, I think one of the first times they're only doing digital. from their website you can buy you can buy consoles cool and then if you scroll all the way down they have like AI oh my god they're juicing everything with AI oh they've got merch they've got gift cards clothing toys

games collectibles headphones keyboards trading cards PC gaming controllers so it's nothing that remarkable the store sucks the store sucks the store fucking bites dude store sucks yeah there's this kid I don't know if he watches a show or something but there's this guy who who keeps taunting me on Twitter. Oh, you got a guy taunting you on Twitter? A couple weeks ago, he's like, do you see, you still talking shit about GameStop now? And I was like, I mean, I just traded AMC

and I made like five grand. And he goes, yeah, right. No, you didn't. And, yeah, he's, I hope that that guy makes money. I really do. Why? Because he's aping. He's thinking.

He's aping fat bags. I'm aping. I know what it's like to ape. I'm losing. I know what it's like to ape into a thing and feel married. to it. I did that with so many companies before. I did that with the Justin Bieber penny stock. Well, yeah, that's the thing. I mean, you have to remember people's livelihoods are very

attached to this thing happening, right? Some people, I mean, that was the darkest part of that whole debacle was reading the people who like threw away their life. Yeah. I remember reading about people doing that with the Facebook IPO. There was this woman who famously bought it at like the top of the IPO, mortgaged her house or something, and bought like 250 grand worth. And then it was trading in the teens. And she was like, well, I guess I'm just going to hold on to it. She's now probably made like four or five million dollars off of that. God bless her.

But yeah, I agree with you. I mean, it's way better than, I mean, all the people with NFTs that are worthless, all the people who got rug pulled by Logan Paul on some. Yeah. Yeah. It's bad vibes. bad vibes folks uh okay let's do some good vibes there's this uh billionaire dickhead who who uh really wants to die in the ocean well that's so it's all very funny because i posted

just a dumb tweet you never what's you never know what's going to post it a dumb tweet which i often do uh i said something along the lines of you know i hope we get another i hope we get another submersible filled with billionaires this summer we deserve it we've been good and it went very viral. And then, like, two days later, people are retweeting it and posting this story about how they actually do want to do that again this summer. And I am, I'm shocked. I'm excited. Yeah, this real estate investor from Ohio, his name is Larry Connor. He plans to dive to the Titanic in a vessel made by Triton, Triton submarines. To demonstrate that deep sea exploration doesn't require one to be a daredevil?

Great. Okay. Who cares, man? Who is out there being like, needs their mind changed on this shit? Like, let's see. Connor reached out to the CEO of this submersible company days after the Ocean Gate tragedy last June,

encouraging him to finally build the vessel he had been designing for years to rehabilitate submersibles's reputation. We got it. We've got to rehabilitate the reputation. There's, well, that's the thing. There's this whole industry out there. Of submersibles?

Yeah. Really? There's a Wall Street Journal article. After the Ocean Gate implosion, the ultra-wealthy still can't resist the deep sea. They got to get down there, man. It's like the siren song of the deep just calls to these fucking billionaires. Well, I think that comes hand in hand with being ultra-wealthy, right? What else can you do but explore the sea?

When they're told, hey, you can't go somewhere, they're like, fuck you. that's um i don't know if you know this but uh rich people they have their own n word that like you can't say to them it's no it's no oh okay so it's not the gamer word no it's uh but their own n word but i i i don't i would never want to be around someone when they say no to a rich person it's uh they get scared they'll the freak the freak out they get the zoomies so that's the You have a whole industries popping up around, you know, you got going. Well, that's the thing is it seems like if you're a billionaire, you either go into the ocean or you go into space. Right.

And so you get people going like, hey, did some dipshit loser tell you you can't go to the bottom of the ocean? Why don't you come down with us? Wait, you either go. We'll explode your fucking head. You either go into the ocean, you go into space, or you go to that island. Hey, bring your son. We'll make his head pop all over the inside of his phone. Oh, speaking of sodas, or speaking of popping, I thought it'd be fun to talk about soda real fast

because there's a bunch of, I don't know if you guys have noticed, but I haven't had any Diet Coke recently. Why? I don't know. I just haven't stocked up. Oh, I thought you were maybe. Too lazy. I'm like, I got to go buy. Because the thing is you go to Albertsons and the way that they do it with Diet Coke is they've always got like, oh, buy three 12 packs, get three 12 packs for free. And I'm like, fuck, I don't want to walk out of there with six.

It takes 12 packs, but at the same time, that's a bargain, man. What is that? 72 Kansas? I don't even know. Nobody knows how much it is. Nobody can do that. I don't know. I don't know about that. It's just shy of half the amount of presidential candidates killed in Mexico.

Well, I don't want to be, I feel like a fucking clown walking out of Albertsons with six 12 packs of diet Coke. I feel like, oh, that's a guy with a problem. yeah if i saw that it'd go get your life they're on sale they were on and i'm putting him in the bed of my truck just like one of those guys that also seems like i use my truck you know the meme where everyone posts the the jesse plemmons thing from game night where he's like that's how is that profitable how is that profitable for frito lay yeah it's probably it's probably not cocaola that's not profitable it's uh crogers

croger the owner of albertsons it's not that's not profiting by the way man you go to albertsons these days or any grocery store for that matter it is is bleak as fuck you know why why you got that constant voice of the of the automated um of the self checkout thing please insert your card do do do do they're all going off like six at one time i would feel insane if i were a human checker you know what you do these places do bring a gun yeah i bring a gun to these places no i go to traitor jo's it's so normal in there yeah it really is They really keep it normal in Trader Joe's, and I like that. What were you going to say?

You would bring what? You would just not go there? You would go to... No, that's what I would do. Go to Trader Joe's. Oh, yeah. They don't have Diet Coke, though. They don't sell Diet Coke, which may be a good thing.

They also sometimes don't sell the specific yogurt that I want. I like Faye. Faye. Faye. Fagie. They don't sell that. Yeah. They don't sell that of Trader Joe's.

I like 0% Faiye. You can just get... They have Greek yogurt at it. But is it 0%? I'm sure. Okay, that's what you say. They also don't have hot sauces that I like. They don't have to bask.

All right. Stay your ass in Albertsons. I don't give a shit. All right. Well, so I just thought this was fun because everybody's talking about this Ollipop and shit.

And they're really starting to creep up. Ollipop did a million in sales in 2019. And now they're doing 500 million in sales this year. You know what I think? Double last year's sales. No more than you. drinks. No more new drinks, yeah. We're done. Also, this shit is

bullshit. They're like, oh, it's got prebiotics. Someone's getting sued. Someone's getting sued right now because they were like, you know, that's the thing. They're all, we're not like other sodas. We're good for you. We're good for your gut. Yeah, we're turning your gut inside out. Now they're all getting sued. Your soda's not good for me. It's making me sick.

Yeah. It's ruining my stomach. And then there's Poppy. Poppy is like Ollie Poppy. And they all have celebrity investors. I think that might be the one where they're getting in trouble for. Yeah. And they all have celebrity investors. They all have, they're all, because it's great for the celebrity.

It's great for the brand. Celebrity goes out and endorses it. They own a chunk of the company. And then people, dipshits go out and I got to get some of that, olipop. Oh, I got to get olipop. I've tried that shit. It's like fine.

You know what's good? Zivia. Ben Stiller got colon cancer from drinking too much Zivia. Are you serious? Yeah. No. Were you just mad gabbing me? You just was like Ben Stiller got cancer from drinking too much zivia.

Did anybody get colon cancer from drinking? Probably. You got to be careful with the zivia. All these fake ass, the only thing I'll drink, Spindrift. Yeah, you are a nut for that spindrift. Your fridge would always be just shockful of those things. Still chockful. You know I love a spin drift.

Yeah. I feel rich when I have a bunch of. a spin drift. Oh my God. It's nice. And when I got three different flavors. Oh my God. And the boys come over and they're like, can I have a spendrift?

I'm like, take your pick. We're living in the lap. The richest guy. I know. I used to. And they're so cheap. You get them from Trader Jaws? I used to do that with LaCroix.

No, dude, that's not cool. LaCroix sucks. Yeah, exactly. Sucks now. Lecroy always sucked. The wool has been pulled over from my eyes. LaCroi always sucked. Lecroy always sucked.

Whoever said it that it tastes like a, it tastes like, it tastes like a, it It tastes like someone like burped the fruit flavor. Oh. Sure. Yeah. It's accurate. Or like, or it, when you take a sip, it's, it tastes like someone, if you had lemon, it tastes like someone just like whispered the, like, I mean, as you take a sip of it.

The fuck? Interesting. What do you mean, interesting? Like someone whispered it and you can taste it. Croix sucks, boo. Yeah. course sucks, but then I discovered Topo Chico and then I got worried that Topo Chico like, oh yeah, because you said someone said there's, that's the thing, you gotta go

spin drift. Also, if you, uh, if you want people to think you're fancy, get three different flavors of spin drift, stock your fridge. Lemon. People are going to come over and be like, holy shit. I don't know Emil was a fucking Rockefeller. Uh, I think that's a good place to in this episode. Not me. I got stuff to say. Well, we'll do that in the bonus. We got a lot going on in the bonus. Um, I picked a comment on the week for the bonus. I know we're not doing that, but you picked a comment for the bonus. Okay, good. Yeah. We're going to be talking about the French Open. We're going to be talking about Joakovich's, um, not only his match against Musetti, but also the Surundalo match. Ben is so

stoked about this. Yeah, I love that. We're going to be talking about, um, we're going to be talking about blackface. I don't know why it's his black face in here. Uh, nude number one in the ATP. First time there's ever been a number one Italian man, Yonick Sinner. Boy, there was marinerra all over the court. Chad Hank said it's going to be a white boy summer. I think it's going to be an Italian man summer if you ask me. We're going to be talking about my dentist's weird hair that makes me want to stop going to him. We're talking about Igoshrantec.

Is she beatable? We're all wondering. I mean, anybody's beatable if you're big enough. You can beat anybody up. No, that's not what we're talking about. Can she be beat on the court? We're talking about... A machine could do it.

Terminator could do it. You're talking about... Can you imagine Terminator playing tennis? The Alcares sinner semi-final matchup at Roland Garros. The prison? Al-Corez. That's Al-Qatres. Oh, man. Anyway, thanks for joining us, folks.

We'll see you in the bonus Ben and Emiel Show.com. Bye.