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To: Paladin2
The owners’ “Custodians” using the fine print of the custodial agreements?

Something I don't understand perhaps someone hear can help me out.

So now that GameStop has all this money, what can they do with it or is it really even theirs? I don't understand how the company is effected by a high or low stock price, other than perhaps the ability to apply for bank loans.

42 posted on 01/31/2021 10:42:50 AM PST by usurper ( version )
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To: usurper
GameStop doesn’t have all this money. Their share price is being bid upward by people who are buying its stock on the open market. GameStop got the money when they originally issued the shares years ago. What happens after that probably doesn’t affect them much.

If you go out and buy a new set of tires for $150 apiece and then millions of people start collecting them and they are offering $1,000 for secondhand tires, does Goodyear or Michelin get any of that money?

43 posted on 01/31/2021 10:50:30 AM PST by Alberta's Child ("There's somebody new and he sure ain't no rodeo man.")
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To: usurper

They could sell new or Treasury stock to get some money.


46 posted on 01/31/2021 11:19:28 AM PST by Paladin2
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