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Prudent Capitalist

02/02/21 4:59 PM

#4148 RE: Morningwood1 #4147

Bingo! Even at the close of $90 the Market Cap is $6.3 Billion, which is ridiculous for a company that was essentially going out of business. Of course, the recent BS-hyped pump may have allowed Gamestop to dilute and sell a ton of new shares at grossly inflated prices to stave off BK, raise capital and pay off debt.
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Montanore

02/02/21 6:34 PM

#4160 RE: Morningwood1 #4147

This was never about the company's value. It was about sending a MESSAGE to the big Wall Street hedge funds.

Now those hedge funds have answered back with their own message.

And that message is, 'It's a rigged game and we'll change the rules midstream in order to CRUSH you."

They don't worry about regulatory agencies. They own the regulatory agencies. They own the politicians, the courts, the media, and a printing press called the Federal Reserve.