They should issue a few million new shares. It will give them a capital infusion and it would give the hedgies a way to get out.
The ONLY people who will get out of this unscathed are the GME management who should be exercising their $2 options by the boatload.
And now they are talking about shorting Silver.
They should do a search for “Hunt Brothers.”
JP Morgan is not impressed.
Stock’s down 40% from its overnight high and still crashing. It’s possible the window for a secondary has closed if it was ever open (I’d certainly hope they have been in discussions with bankers to potentially raise capital in the last two weeks. They should fire their CFO and/or treasurer if they haven’t). Agree the management should be exercising and selling every option they can if they aren’t in a blackout period.