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Cake day: July 9th, 2023

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  • The proposal raises immediate questions about financing. GameStop’s market value is only a fraction of the roughly $56 billion implied deal size, and while the company has lined up a $20 billion financing letter from TD Bank, the funding gap remains substantial.

    Cohen offered limited clarity on the structure during what at times was a combative and awkward interview, repeatedly directing viewers to the company’s website for details. 

    “We are offering half cash, half stock, and we have the ability to issue stock in order to get the deal done. But the full details of the offer are on our website,” Cohen said. “We will see what happens.”

    The black leather jacket is not helping

















  • My understanding was that Rudy’s peeps at SDNY were sending (fake) messages about how they’d found shit on Weiner’s computer and this would force them to re-open and Comey’s DC peeps always in some sort of dick-measuring thing with SDNY wanted to jump on it first.

    Also, even that would have been less than having a press conference to announce the reopening. That was the big kaboom. And anyone in DC knew it. He knew it. Then- as obviously sweet fuck-all came out of it - he later realized it was bullshit.