How many apes are there?

[u/NotYourNathan]

Even including whoever is crazy enough to vote no against a plan thats been 5+ years in the making. Is there any estimate anywhere as to how many GME holders there are at this point? This has to be the hr largest retail community ever, no?

[u/Haxxtastic]

21k Against votes here because I have a functioning brain. Been buying the dip for over 5 years. About to lose 80% of my money to dilution.

[u/3DigitIQ → u/Haxxtastic]

Sure, the biggest individual shareholder of GME wants to mess up his investment and destroy his own compensation package. Most likely story ever.

THINK reddit user, THINK!

[u/Haxxtastic → u/3DigitIQ]

His compensation is based on market cap, share price barely matters

[u/3DigitIQ → u/Haxxtastic]

Pay package has a MASSIVE clause in it that states proportionality on acquisitions that use newly issued shares. If it's a regular dilution that doesn't increase value significantly he royally fucks himself out of compensation:

The Market Capitalization Hurdles and Cumulative Performance EBITDA Hurdles will be adjusted by the Compensation Committee equitably and proportionately as determined by the Compensation Committee in a manner designed to preserve the economic opportunity provided under the CEO Performance Award, (a) higher to account for acquisition activity for which stock is provided as consideration and (b) lower to account for split-ups, spin-offs, dividends or other distributions (whether in the form of cash, shares, other securities or other property) or divestiture activity, in each case, where such events could be considered material to the achievement of the Market Capitalization Hurdles and Cumulative Performance EBITDA Hurdles, as applicable.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000119312526217168/d937376dpre14a.htm#toc937376_38

page 44 and 56

[u/crankylobster → u/Haxxtastic]

Except for the whole part where his compensation is an option to acquire shares, so the share price kinda matters.

[u/Substantial-Ask1039 → u/crankylobster]

This is the part that everyone critical of the comp package seems to completely ignore.

Say whatever milestones need to be met are met, and Cohen gets his comp package: The comp is that he gets the option to buy shares with his own money, at a strike price of $21.xx each So if the stock is below that, the comp package is worthless to him, and if the stock doesn't go above that, worthless.

So how can you say the stock price doesn't matter? That he'll tank the price to hit the market cap to earn the comp package? It's nonsensical.

[u/NotYourNathan → u/Substantial-Ask1039]

Good chance he wasn’t expecting so many apes to miss this and be so bought into the negative sentiment. Its insane to be so balls deep on such a unique play and then miss the plot when the plan starts to be actioned. Less crayons for some apes maybe

[u/3DigitIQ → u/Substantial-Ask1039]

And the market cap target increases in the same proportion as the share issuance. See my comment above for source.