I have said for 30 years, you have the wrong investment manager if he has CNBC blaring in his office, but we will make an exception here for anyone who witnessed this live vs a meme stream.(Me)  I have had it in the “inbox” for a few weeks past the normal news cycle timeline, but I can’t let it go. And we will be adopting it in our personal lives and in answer to difficult questions from clients.

Andrew Ross Sorkin: Walk us through how you could get to that price and how it would work.
Ryan Cohen: It’s on our website. It’s half cash, half stock. But the details are on our website.
Sorkin: Well, I think we can start with the idea that the market cap of GameStop is, call it $11 billion. You have $9 billion on your balance sheet. Arguably, if you’re providing effectively all of your stock and then the cash, that gets you to 20. You have this letter from TD [Bank]—that’s another 20. We’re now at 40. But we’re still off by, call it 16. . . .
Cohen: Yeah. We’ll see what happens.
Sorkin: I hear you. I understand that. I’m just trying to understand where the rest of the money would come from.
Cohen: It’s half cash, half stock.
Sorkin: I hear you. I’m just saying that math doesn’t get you to the price that you’re offering.
Becky Quick (co-anchor): Ryan, that’s a pretty straightforward question, I don’t get it. Like, where’s the rest of the money coming from? Andrew laid it out pretty clearly.
Cohen: I don’t understand your question. We’re 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.
Quick: But you’re on our air. We thought we’d get—
Cohen: I don’t understand your question.