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Re: Garyedward71 post# 351072

Friday, 01/29/2021 2:23:53 AM

Friday, January 29, 2021 2:23:53 AM

Post# of 822635
I believe you're right as I believe Robin Hood is a rather small brokerage and has limited assets. What I really wonder about is if Game Stop, or any of the other companies involved in the short squeeze and substantially higher prices had previously announced ATM's that would permit them to potentially bring in substantial funding by selling those shares near the high.

If that were the case, it could make the difference for a company like Game Stop which was struggling. Covid-19 is very probably the death knell for many companies that had marginal sales before it hit, I suspect you could put Game Stop in that category. If they were able to sell off a few million shares at near the high, they could be sitting on billions that would certainly keep them in business. I'm not suggesting that they were behind creating the short squeeze, but I hope they were in a position to profit from it themselves.

Gary
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