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/biz/ - Business & Finance

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File: 210 KB, 1365x768, 247WallSt.com-247WS-834613-gamestop-store.jpg [View same] [iqdb] [saucenao] [google]
26962804 No.26962804 [Reply] [Original]

Why doesn't he just dilute the shares and raise the capital to pay off the company's debt?

I have literally not seen a single person mention that as soon as Gamestop starts making more shares its gonna tank like a motherfucker.
You guys just noobs or full irrational exuberance or what?

>> No.26963346

The smart people on this board know this is coming. They might be smarter than they look and be waiting for the friday gamma squeeze everyone is expecting and dont want to sell too early

>> No.26963550

This has been an amusing distraction but people are inevitably going to take advantage and make the first move.

>> No.26963643

>>26963550
they think they're being smart in doing so but people are already expecting it.

>> No.26963817

>>26962804
Various companies are refunding/selling peoples stocks & shit against their will right now.
Robinhood is one of them.

>> No.26963882

>>26963550
Yeah its pretty funny but I'm kinda pissed because the SEC is gonna ride my ass harder as a day trader soon because of this.
I'd love to see Robinhood taken down by the very memeing they embraced though.

>> No.26963892

The company doesn't have any debt...

>> No.26964028

>>26962804
>>26963346
If they are smart, which I assume they are, they have been offloading since $30.

>> No.26964263

>>26963817
>Anon doesn't understand what a margin is
Robinhood is is genuine trouble because it lent money 1:1 to plebs going all in on a pump and dump scheme.
What they're doing isn't exactly criminal, if anything they're acting in their clients best interest for the first time ever lmao.

What kind of reserves do they need for margin requirement anyways? If they're only holding 10% of their total margin lent, and 70% of their userbase blow their entire margins when GME falls 95% overnight, that leaves them DEEEPLY insolvent lmao.

>> No.26964307

>>26963892
Yes they do, it just cant be called in until 2023
>>26964028
You shouldnt assume that, and they have to disclode if they do. It would make the news

>> No.26964364

>>26963892
>Over the past year, GME has maintained its debt levels at around US$820m including long-term debt.

>> No.26964461

>>26964307
Must Asset Management made 1.1 Billion selling their GME yesterday.

>> No.26964504

>>26964364
So they are going to sell 5 shares tomorrow to pay that off?

>> No.26964543
File: 6 KB, 250x232, 1611759193855.jpg [View same] [iqdb] [saucenao] [google]
26964543

You can always tell when the 3rd shift shills start there day.

>> No.26964553

>>26964504
No they're going to so 5 million because its better to have more money than less.

>> No.26964657

>>26964543
fag shut up we're discussing finance in this thread, not memes. You bought a piece of a company.

>> No.26964788

>>26962804
The board needs to, the board is holding, some can't even do anything with their stock if they wanted to currently.
Even the people in charge for the most part were already planning to use the place as a source of plunder, not wealth.

>> No.26965064

>>26964657
Yeah, unlike the rational pricing of Tesla 5 months ago.

>> No.26965212

>>26964657
>>26965064
Fug, no idea what happened there. Not 4U anon.

>> No.26965972

>>26962804
You do realize they would need to hold a stockholders' meeting to approve new issuance?

>> No.26966258

Someone would have to buy the new shares anon. And not autists with pocket money, but institutions. And would they buy at these prices?

>> No.26966307
File: 926 KB, 734x748, it's afraid.png [View same] [iqdb] [saucenao] [google]
26966307

>>26964657
Moshe/bot your time is coming

>> No.26966895

>>26966258
The people that are legally obligated to, or do you actually believe they covered their calls with fuck all volume?

>> No.26966962

>>26962804
you do realize gamestop wiping their debt and gaining infinite cash would just make the stock moon harder right?

>> No.26966967

>>26962804
Actual answer is that they would have to announce this kinda shit way in advance or there might be possible insider trading charges filed against them. If they were to announce it right now, they still wouldn't get it in before the squeeze.

>> No.26967538

>>26962804
You're literally retarded. If they did that it'd be to raise capital for the company and sell stock at current price. Don't you think they have their market professionals on this and those same people are saying "HOLD, THE SHIT IS GOING TO THE MOON, THEN OUR TREASURY CAN RELEASE SOME STOCK AND MAKE BANK!!!" they can't sell as many as would be necessary to relieve the insane amount of shorts/puts that are in play. at most they'd do 5M stocks a week.

tl:dr, they could do it and it would only add to the hysteria.

>> No.26967969

>>26966967
>>26965972
they have a 100 mil offering ready to go with a broker
can be literally done in a few mouseclicks during market hours, anons have shared the links to prove this did'nt save them but asume its legit
if i was a large pre shenanigans shareholder i would be starting to get pissed they aren't exercising that possibility

>>26964263
this anon knows his shit
get your money out of RH if you value it

>> No.26968245

>>26967538
You can't just randomly print a shit ton of stocks. It's not money.

>> No.26968806

>>26967969
>damn what if gsmestop came up with less than 10% of the shares that hedge funds need?? bro that would totaly tank the stock and gamestop could bailout the guys that have been aggressively trying to bankrupt them for years

i swear i just come to be biz to be angered by retards

>> No.26969904

>>26965212
Don't mention $UUUU like that ever again.

>> No.26969981

>>26969904
T.Roy Celek

>> No.26970122

>>26962804
You assume I don't know this and simply didn't buy in at all. If I had gotten in at the ground floor, I would have, but by the time I was able to it was over 100 and considering this is the obvious outcome it was not worth it at all.

>> No.26970181

>>26964461
You don't even have the ability to understand what is written in that fucking article. MUST could have done 1.1bil but they made way less because they sold very early. Stay poor nigger

>> No.26971086

>>26962804
That will extend its lifespan but fundamentally gamestop is a dead company.
It's like Blockbuster trying to stay alive, people would rather watch netflix, and people would also rather buy games off steam

>> No.26971458

>>26962804
It's not that easy. The company has to decide, then go to the board of directors. Board of directors use their fiduciary duty to make sure it is in the best interest of the shareholders. Or they get sued to hell. Depending on the articles of incorporation, it could require shareholder approval. Which means send out a bunch of vote by mail papers to shareholders, have them vote Yay or Nay.

It takes a while, it's not instant. If they decide a stock split now, and it tanks after, it could hurt them even more, possibly even delisting if the stock price is too low. It can also do Tesla type returns where retards buy more of the same pizza for more money.

>> No.26972102

>>26971458
Gamestop has been silent through all of this, who is to say they have not already done all that in preparation for this moment?

>> No.26972269

>>26971086
yes the 60% of gamers on consoles love buying there games from steam

>> No.26972277

>>26962804
still not selling

>> No.26972500

>>26972269

console gamers aren't based, though

>> No.26972528
File: 602 KB, 680x477, 1611819552542.png [View same] [iqdb] [saucenao] [google]
26972528

Didnt help amc price too much. They added 44million shares and it only temporarily knocked it down. Great for the company. Still looking bad for the shorts. I'm sure they will double down again.

>> No.26973147

>>26965972
Anon you seem smart. Are you holding or selling?

>> No.26974810

>>26962804
gamestop is not in debt