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It's not like GME is a fixed supply. Can someone explain why at some point GME wouldn't just issue more shares and capture the short squeeze themselves? Basical
by bgirard 6y ago
It's not like GME is a fixed supply. Can someone explain why at some point GME wouldn't just issue more shares and capture the short squeeze themselves? Basically you buyback if you're undervalued and you sell (and issue if necessarily) if you're overvalued.
- BorisTheBrave 6y agoTiming and legal obligations mostly. Share issues require a lengthy process to get approved. GME actually had one pre-approved, but they still couldn't use it, as they may not legally do so while the executives have material information the public does not. GME had an earnings announcement that was unforunately timed.
- tedunangst 6y agohttps://www.bloomberg.com/opinion/articles/2021-02-11/why-gamestop-didn-t-sell-any-stock-during-the-reddit-rally https://www.bloomberg.com/opinion/articles/2021-02-11/why-ga...
- water8 6y agoBecause its value hasn't actually increased people just started calling her hot. It’s still an empty shell on the inside financially