Funnily enough that already kinda happened with AMC. Since AMC was also affected by the meme stock rally, they were able to convert some of their bonds to stocks and wipe away USD 600,- MM in debt. GameStop as a company might eventually profit from this rally as well.

Keep in mind that the GameStop rally didn't come out of nowhere. Part of it was caused by Ryan Cohen entering the game in 2020, with him and 2 other former Chewy executives becoming board members earlier this year with the goal of turning the ship around. That short squeeze attempt we are seeing now is merely an escalation of a long waged war between r/wallstreetbets and various hedge funds. Meaning after this all blows over GameStop could actually make good use of the new found capital due to new leadership.


(on a sidenote: I also have a bit of skin in the game but I'm gonna blame Bitcoin for it. With Bitcoin going sideways for ages now, where else am I gonna get my hit of volatility?)