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> The company could issue more shares, and invest the money raised, turning the business around. It’s a retailer that sells video games. They’re not going to t
by iamacyborg 6y ago
> The company could issue more shares, and invest the money raised, turning the business around.
It’s a retailer that sells video games. They’re not going to turn it around while Steam, PlayStation store, Amazon, etc exist.
- dragonwriter 6y agoWith enough capital, they could retool and and do something completely different, like setup a network of local-market-optimized ghost kitchens (or some other completely different business model responding to current opportunities that has nothing to do with what GME does today.) It’d be potentiallty more expensive than building a similar operation from scratch, but if them using the stock price to capitalize doesn't immediately collapse it instead of providing them money (which, to be fair, is far from guaranteed) it's free money that a new business trading on its business plan and not someone else's market manipulation games wouldn't have, so why not?