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AMC just issued more stock.Then why isn't Gamestop issuing new shares right now at $300 /share to raise all the capital they can?
This is a company that has structural issues with its business model and faces a massively changed retail landscape and competitive situation. More cash in the bank isn't necessarily going to help anything. Here's their recent income statement. Absolutely horrible. They short sellers didn't push the price from $35 to $3. Maybe from $3.50 to $3. They're betting it will go bankrupt. And they are likely correct.
Based on the below income statement, GME stock at $35 is a 60x multiple on 2021 EBITDA. SIXTY times EBITDA on GME! ROFL! If you take GOOGL to $2300 you're only at about a 30x multiple to 2021 EBITDA.
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Then why isn't Gamestop issuing new shares right now at $300 /share to raise all the capital they can?
This is a company that has structural issues with its business model and faces a massively changed retail landscape and competitive situation. More cash in the bank isn't necessarily going to help anything. Here's their recent income statement. Absolutely horrible. They short sellers didn't push the price from $35 to $3. Maybe from $3.50 to $3. They're betting it will go bankrupt. And they are likely correct.
Based on the below income statement, GME stock at $35 is a 60x multiple on 2021 EBITDA. SIXTY times EBITDA on GME! ROFL! If you take GOOGL to $2300 you're only at about a 30x multiple to 2021 EBITDA.
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Why? That was an infusion of money and now they’ll sue the brokers that stopped trading and lowered the price to a totally unrealistic value.AMC just issued more stock.
GME is likely having crisis meetings trying to figure out WTH to do.
Not that I am aware of. He pretty much keeps to himself.Is this the guy that called into the Dave Ramsey show about it?
Yup tried buying dodge coin this morning a no goRH was restricting cryptocurrency trading too...
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Any other place to buy it?Yup tried buying dodge coin this morning a no go
Why? That was an infusion of money and now they’ll sue the brokers that stopped trading and lowered the price to a totally unrealistic value.
No sure tbh with crypto but i done with robinhood w.e i have it I'll leave it alone till the end of the year and get out or of shits starts crashin ill check out b4 its too lateAny other place to buy it?
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that's what i've been wondering. people just literally invested MILLIONS into their company. they can't work with that?
dude what if the internet saved gamestop and screwed wallstreet AT THE SAME TIME?!
Trying to start a RH account, my status since Wednesday....There are some serious red flags here, robinhood getting staked a billion dollars last night from citadel who bailed out melvin capital and now has a vested interest in the GME unwind.
The option chain is ****ed... for months.. at best it's a long slow unwind.
I have been selling puts up and down and then that got restricted.
It's possibly the greatest thing I've ever seen in my life... 40YO,
AND THEY STILL REFUSE TO SELL!!
Not all heroes wear capes!
GameStop is still a failure unless they pivotthat's what i've been wondering. people just literally invested MILLIONS into their company. they can't work with that?
dude what if the internet saved gamestop and screwed wallstreet AT THE SAME TIME?!
Negative 4.57 a share. They are/were toast.
Gotta hand it to the crew that spotted it and did what they did lol.
The Reddit comments were a riot.
“Hold it til 1000. Let those mother ****ers burn”. Hahaha.
Trying to start a RH account, my status since Wednesday....
I suspect it's more nefarious then just a "to many new users" or standard transaction time.
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Well, what are you suggesting?Why would you put money in a company that wont let you trade????? With RH you cant trade premarket or postmarket. When they let you trade you are limited to 1 share. Total scammers and partially owned by Hedge funds. Get a real brokerage unless you like confetti when you make a trade. WTF
Well, what are you suggesting?