2 ms·
> it may make more economic sense for some of those losers to declare bankruptcy instead. This is a thing that goes against the narrative here, where the narra
by nrmitchi 6y ago
> it may make more economic sense for some of those losers to declare bankruptcy instead.
This is a thing that goes against the narrative here, where the narrative is "Melvin has $13B, we can take it all!". Even if you assume that is true, and you can somehow push this already $25B cap company high enough, there isn't enough money in that $13B to allow all shares of GME to sell at the current price.
If the entire premise here is "Melvin is screwed, we have him by the balls, and he has $13B", then it seems that the max would be... $13B. Past that, you're no longer "taking from Melvin"; you're taking from the people who don't get out before you do.
There is no bankrupcy judge in the world that will say "Okay Melvin, sorry, but you owe WSB a thousand trillion dollars".