~$11 per share in cash. Likely $20,000,000/year in accrued interest if that cash sits. The legacy business is shrinking to make certain the balance sheet stays green and then there's $4 billion in cash to find a way to make profits, and likely more pumps by the hedge funds who are under water on their 2016-2021 shorted stocks that have yet to close. A GME board member has been tweeting about companies that have made big transitions, ie. Berkshire Hathaway started as a textile company. Cohen actually made a profit on his BBBY investment. BBBY leadership ignored his suggestions to shore up their business, so he exited his position. Short and distort is what this and every other negative article written about GME, like this are all about.
GameStop Stock Analysis: The Case for Exiting GME Before It's Too Late
"has sold millions of dollars of new stock"......?Not even accurate. The company has raised roughly $1.6 billion. They can't make it seem like too good of news as the hedge funds that are short on GME have partial ownership of the corporation that owns the media group.
I have a new title here.. GME stock drops in pre-market with a concentrated effort of only a few thousand shares sold short between 4-430 am. I would think that by the market open the price is back in the green. Oh and by the way the entity who publishes this report is also partially owned by the marketmakers who are also short selling the stock.
GameStop stock drops 3.9% premarket, after surging 43.7% amid 5-day win streak through Wed.
This isn't new news. It was mentioned in October. Also if you hold stocks capital gains doesn't affect you. It's a farce to create a stir so institutions aren't dropping shares for no reason
Biden to float historic tax increase on investment gains for the rich
They hired a mobile gaming guy. Nothing to do with GameStop. Just an excuse to naked short and drop the price so the short hedge funds can try to get more options ITM before they expire tomorrow.
GameStop shares slide 6% premarket after Netflix makes first videogame hire signaling potential shakeup of sector