They said no ok. So cohen keeps buying at lower prices than 125$ perfect.
More shares for less price = less debt and less loan.
What if cohens uses the loan 20B and some of GameStops 9B cash to just keep increasing GameStops position? I wouldn’t be surprised we see a filing soon we have 10% or more. By then the market can no longer neglect GameStops seriousness.
Also the longer this goes the more he will buy. If he buys 51% he literally will run the company.
The board of eBay’s days are over they just don’t know it yet.
That’s the final nail in the coffin.
SP500 index rebalance itself 4 times per year.
When joining SP500 you must have 1 year profitability or 4 quarters. Check.
You need market cap or 22.7B$ or higher that would be GameStop above 50$ so its not yet but if eBay somehow goes true they will be there very soon.
Now here is the fun part.
When you are entering SP500 ALL Passive ETFs/Mutual Funds most force buy into GameStop NO MATTER THE PRICE.
Short Sellers will get MARGIN CALLED TO HELL and must force buy into GameStop NO MATTER THE PRICE.
Retail holds approximately 65-75M shares DRS locked up.
It’s time to get excited!