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What can GME do with the situation? Can they cash out at $500 or $1000? Can they offer additional shares in the market, after clearing it with the SEC? Then,
by blackrock 6y ago
What can GME do with the situation?
Can they cash out at $500 or $1000?
Can they offer additional shares in the market, after clearing it with the SEC?
Then, can they take that windfall money, and actually reinvest it into R&D, and build their own GameStation 1 video game system? In order to justify their new lofty valuation.
- mattkrause 6y agoThat’s basically what AMC did. They issued 50 million new shares at-the-market last week. They also had a $600M loan that was convertible and converted into stock. As a result, they’re sitting on nearly a billion new dollars, which should help them ride the pandemic out.
- Rapzid 6y agoI bought a bit of AMC. If WSB makes it pop to a multiple of where I entered, I'll cash out. Otherwise I'll hold through the recovery. Suspect there is enough pint-up demand for people to get out more post-COVID to boost the stock enough for me to exit higher in year or so anyway.