Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
d_eddie
on 27/01/2021, 15:40:15 UTC
⭐ Merited by BinaryReign (1) ,yefi (1)
Quote from: Torque on Today at 03:24:19 PM
Quote from: yefi on Today at 03:20:51 PM
Quote from: rolling on Today at 03:05:03 PM
Why would they do that? They want to wipe out shorts too.

To raise capital from the bubble because the business is actually a loss-maker?

Anyway, appears they're limited in their charter to 300 million common shares, so only about 1/4 billion available to them Wink

Theoretically they could raise capital (more debt) against the collateral value of their existing shares.

That's typically how it's done.

I'm sure there is a lot of internal talk going on at GameStop HQ rn about how to capitalize on all of this.
I agree they must be talking about it, but I doubt a bank will be happy to make a loan with reddit-inflated collateral. Let's not forget GME business model doesn't look that promising. It's been a few years already, not a recent thing.