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B.A.N.A.N.A.S.
The PSA × GameStop investigation.
Research edition. 26 Sep 2026.
Trust. Custody. Commerce.
28 chapters. Primary sources.
This thread is one page per post. No “the deal already closed behind the curtain.”
Which pillar do you actually underwrite first?
#GME
Made with AI
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SimpleJack retweeted
So yup. Time travel has happened once again. Notice the @PSA app updates to include raw ungraded cards and how when you add them to the app they automatically update on the @powerpacks app?
Well if you haven’t look below and keep reading. Alpha below. I posted all previously but the app update seals the deal.
$GME
GameStop & Collectors Holdings Job Postings Are Telling A Story and It’s Not Dying Retail
TLDR (for the apes who don’t read)
GameStop and Collectors Holdings (parent of @PSA ) are quietly hiring for roles that scream tech platform, capital deployment, and collectibles finance not a company winding down. The timing overlaps with GME’s M&A target acquisition announcement. This isn’t speculation. These are public job postings. I just read them so you don’t have to.
This is a non speculative, factbased review drawn directly from publicly posted job descriptions and confirmed corporate ties. No crayons were eaten in the making of this DD. I’m not saying moon. I’m saying: these companies are building something, and the job postings are a transparent window into exactly what.
Let’s break it down.
Part 1: GameStop’s Hiring
@gamestop open roles cluster into three unmistakable categories: advanced tech infrastructure, enterprise finance, and governance hardening. Here’s what that actually means:
Engineering Roles
∙Senior Front End Engineer (React/Node.js)
∙Lead Software Engineer (Python)
∙Lead Cloud Engineer (Kubernetes/AWS)
∙SAP BASIS Engineers
These aren’t “fix the website” hires. Kubernetes and AWS at this level means scalable microservices architecture, the kind you build when you’re expecting serious transaction volume. SAP S/4HANA is enterprise-grade
ERP used by companies managing complex, multi-entity operations. You don’t hire SAP BASIS engineers to run a GameStop.com storefront. You hire them when you’re integrating backend systems across a larger business ecosystem.
Finance & Treasury Roles
∙Head of Global Treasury
∙Senior Manager, Corporate FP&A
∙EPM Analyst (Oracle FCCS/PBCS)
Apes. Head of Global Treasury. This role manages liquidity strategy, FX exposure, and capital allocation functions that matter when you’re sitting on a large cash reserve and deciding what to do with it. The Oracle EPM stack is used for multi-entity financial consolidation and long-range modeling.
Combined with FP&A, this is a company preparing for complex capital decisions whether that’s M&A, new business lines, or strategic deployment of what is currently a very large pile of cash.
Governance Role
∙Senior Manager, GRC (Governance, Risk & Compliance)
You build out GRC infrastructure when you’re scaling into regulated environments or preparing for scrutiny that comes with larger operations.
Bottom Line on $GME Hires: This is a company pivoting from brick and mortar toward a tech-enabled, capital efficient platform business. The infrastructure they’re building isn’t for selling used copies of Madden 2019. @gamestop top es
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So yup. Time travel has happened once again. Notice the @PSA app updates to include raw ungraded cards and how when you add them to the app they automatically update on the @powerpacks app?
Well if you haven’t look below and keep reading. Alpha below. I posted all previously but the app update seals the deal.
$GME
GameStop & Collectors Holdings Job Postings Are Telling A Story and It’s Not Dying Retail
TLDR (for the apes who don’t read)
GameStop and Collectors Holdings (parent of @PSA ) are quietly hiring for roles that scream tech platform, capital deployment, and collectibles finance not a company winding down. The timing overlaps with GME’s M&A target acquisition announcement. This isn’t speculation. These are public job postings. I just read them so you don’t have to.
This is a non speculative, factbased review drawn directly from publicly posted job descriptions and confirmed corporate ties. No crayons were eaten in the making of this DD. I’m not saying moon. I’m saying: these companies are building something, and the job postings are a transparent window into exactly what.
Let’s break it down.
Part 1: GameStop’s Hiring
@gamestop open roles cluster into three unmistakable categories: advanced tech infrastructure, enterprise finance, and governance hardening. Here’s what that actually means:
Engineering Roles
∙Senior Front End Engineer (React/Node.js)
∙Lead Software Engineer (Python)
∙Lead Cloud Engineer (Kubernetes/AWS)
∙SAP BASIS Engineers
These aren’t “fix the website” hires. Kubernetes and AWS at this level means scalable microservices architecture, the kind you build when you’re expecting serious transaction volume. SAP S/4HANA is enterprise-grade
ERP used by companies managing complex, multi-entity operations. You don’t hire SAP BASIS engineers to run a GameStop.com storefront. You hire them when you’re integrating backend systems across a larger business ecosystem.
Finance & Treasury Roles
∙Head of Global Treasury
∙Senior Manager, Corporate FP&A
∙EPM Analyst (Oracle FCCS/PBCS)
Apes. Head of Global Treasury. This role manages liquidity strategy, FX exposure, and capital allocation functions that matter when you’re sitting on a large cash reserve and deciding what to do with it. The Oracle EPM stack is used for multi-entity financial consolidation and long-range modeling.
Combined with FP&A, this is a company preparing for complex capital decisions whether that’s M&A, new business lines, or strategic deployment of what is currently a very large pile of cash.
Governance Role
∙Senior Manager, GRC (Governance, Risk & Compliance)
You build out GRC infrastructure when you’re scaling into regulated environments or preparing for scrutiny that comes with larger operations.
Bottom Line on $GME Hires: This is a company pivoting from brick and mortar toward a tech-enabled, capital efficient platform business. The infrastructure they’re building isn’t for selling used copies of Madden 2019. @gamestop top es
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If you are a $GME holder might want to give this a read. I’ve been speculating about this for months.
Might be as close to we can get to confirmation until an announcement.
So yup. Time travel has happened once again. Notice the @PSA app updates to include raw ungraded cards and how when you add them to the app they automatically update on the @powerpacks app?
Well if you haven’t look below and keep reading. Alpha below. I posted all previously but the app update seals the deal.
$GME
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“The method further includes generating an offer to sell one or more collectibles of the plurality of collectibles based upon the one or more purchase parameters from the buyer. The method further includes sending the generated offer to an owner of the one or more collectibles “
“Thereby, the buyer may efficiently purchase multiple differing collectibles based on broadly applicable input parameters. Additionally, the buyer may be invoiced and receive the collectibles as part of a bulk order, wherein multiple collectibles are grouped together in a single purchase order and/or shipment, if the buyer wishes to physically receive the collectible”
“A still further aspect of the invention includes a method of facilitating transfers of collectibles comprising: receiving and storing a plurality of collectibles in a vault or receiving a plurality of collectibles at a processing center for grading;”
Bulk plurality. Yep those are your raw cards.
If you collect you have seen how empty shelves have been. Raw cards are in demand.
Retailers, hobby shops and card shows need good quality raw cards to grade. That means they bid on raw cards in your collection.
How do they authenticate?
At a processing center. One of which being a brick and mortar retailer that is expanding hours and opening previously closed locations.
There is more. There is more.
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“a hardware processor executing a first machine learning model to determine a grade based on the captured digital images, and an identifier assignment module configured to encode a unique identifier into a machine readable identifier; an encasing subsystem configured to ultrasonically weld each collectible and unique identifier”
“The system, device, apparatus, and method of any of the above or below Examples alone or in combination, further comprising validating buyer identity using multi-factor authentication prior to generating the smart contract”
“wherein the neural network for grading comprises a convolutional neural network trained on historical collectible image dataset”
“a collectible grading subsystem including an imaging device configured to capture high-resolution images of each collectible, a hardware processor executing a convolutional neural network to determine a grade based on the captured images,”
Hmmm anyone ever mention AI?? @ryancohen
More keep on reading
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“owner identify via an authenticated channel, wherein the offer includes a cryptographic hash or a noncryptographic hash of the collectible identifier; and wherein the buyer identity of the buyer and the owner identity of the owner are not known to one another”
“matching collectibles to the purchase parameters using a multi-layer perceptron model trained on historical transaction data; generating a smart contract on a blockchain network, the smart contract configured to: automatically verify escrow of purchase funds, confirm vault status of the collectible unit, and effectuate transfer of ownership upon satisfaction of predefined conditions; and sending the generated offer to the owner via an authenticated channel, wherein the offer includes a cryptographic hash of the smart contract “
“below Examples alone or in combination, wherein the smart contract is deployed on Ethereum-compatible blockchain and includes a cryptographic hash of the collectible's unique identifier. “
“below Examples alone or in combination, wherein the smart contract is deployed on Ethereum-compatible blockchain and includes a cryptographic hash of the collectible's unique identifier.”
Check filings. GME NFT marketplace was labeled “Beta Marketplace”
Push Start Arcade
P. S. A.
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“The present disclosure is generally directed to brokering collectibles, such as baseball cards, game cards, tickets, autographs, comic books, video games, and coins, with specific discussions on a system for protecting, storing, and brokering the sale of multiple differing collectibles and related methods thereof”
See @powerpacks updated terms and conditions from YESTERDAY! “Multiple types of collectibles mentioned”
“Purchasing and selling such collectibles at a venue like an auction may be inconvenient and infrequent. While such auctions and transactions may also be performed online, consumer confidence in such online transactions are low without some mutually agreed upon standards and accountability mechanisms in place. Additionally, it can be difficult to ascertain an accurate value of a given collectible in an online sale or auction, due to a lack of authentication by a third-party grader and a limited pool of buyers that may or may not understand the rarity and quality of the collectible. Moreover, the transfer and storage of collectibles, especially the rare and expensive collectibles, can be costly and practically infeasible for an individual hobby”
Translation. @eBay is a filthy online flea market. The Mos Eisley spaceport of e-commerce. A wretched hive of scum and villainy.
Keep reading.
powerpacks.gamestop.com/term…
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So why do ungraded cards matter?
Because this is not just a value added upgrade.
It is the first step in the rollout of GCX GameStop-Collectors Exchange as we saw in the capstone project and subsequently much of the structure described in the project has been filed as a patent by @natsturner
Read the full filing below or continue on for specific language used and my interpretation of it.
patents.justia.com/patent/20…
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Nice new updates on the @PSAcard app and integration with @powerpacks
You can now add you ungraded cards to the app and they integrate across both platforms.
I think this could be extremely helpful for both organizing my collection along with one stop data for grading decisions.
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14/ PAGE 14 — custody is a bundle of rights
Tokenization, DRS, and street-name rehypothecation are not synonyms.
Custody = possession + record + transfer + access.
DRS changes the record-keeper.
A token changes the transfer rail.
A vaulted slab changes possession of the object.
If those three collapse into one word in your thread, the argument is already wet.
Which right are you actually buying?
#GME
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34/ PAGE 37 — the arithmetic, shown
Collectibles growth 356.3 / 227.6 − 1 = 56.55%
Share 356.3 / 790.2 = 45.09% (prior 23.41%)
Post-exchange cash 4,854.3 + 206.0 − 358.4 = $4,701.9M
Residual face 4,200 − 1,400 = $2,800M
Cash-only after face $1,901.9M
Selected net financial assets $6,848.8M
Cohen dated ratio 40,498,522 / 504,500,990 = 8.03% direct
Initial-rate conversion illustration ~95.64M shares
Warrant ceiling 59,153,963 × $32 = $1,892.9M (original max, not remaining)
Reproduce one line in the comments. If you cannot, you were cheering the chart.
#GME
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35/ PAGE 38 — glossary, last page
Adj. EBITDA = recon or nothing.
GME.WS = the warrants.
GME1 = adjusted options root (100 + 10), not the warrant ticker.
GMV ≠ revenue.
Custody ≠ token ≠ DRS.
If the vocabulary slips, the thesis slips.
Correct someone who still says GME1 when they mean GME.WS.
#GME
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