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An interesting resolution to this would be if GameStop would allow the short sellers to close their positions by selling them newly minted shares. AMC did this
by jessaustin 6y ago
An interesting resolution to this would be if GameStop would allow the short sellers to close their positions by selling them newly minted shares.
AMC did this, both through direct stock sales and through convertible debt. The latter seems easier, because all the work is done ahead of time and when the stock reaches a certain level everything just goes "poof" automatically.
https://deadline.com/2021/01/amc-entertainment-silver-lake-swaps-debt-for-equity-as-cinema-chains-stock-surged-1234682417/ https://deadline.com/2021/01/amc-entertainment-silver-lake-s...