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This could literally save GameStop. They could (should?) perform a share issue, which would give them much needed capital to reduce their 485.50M debts and or
by Someone1234 6y ago
This could literally save GameStop.
They could (should?) perform a share issue, which would give them much needed capital to reduce their 485.50M debts and or allow a partial pivot (see Toys R Us's re-launch attempt pre-COVID).
Regardless of short-squeeze Vs. "meme stock" this is good for GameStop if they capitalize on it.
- thaumasiotes 6y agoThey did do a share issue.
- Someone1234 6y agoWhen? They still have 69.75M outstanding shares, which you can see here isn't an increase: https://www.macrotrends.net/stocks/charts/GME/gamestop/shares-outstanding https://www.macrotrends.net/stocks/charts/GME/gamestop/share... They certainly haven't issued anything near the current price ($200+).
- shawabawa3 6y agoapparently they have pre-approval to release $200m in shares, but perhaps are waiting for after the short squeeze to issue them (take this with a grain of salt, read from a /r/wsb post)