This will probably resolve with Gamestop selling new shares directly to the hedge fund after massive pressure from institutional investors and the government.
It will be good for Gamestop as they get a huge cash infusion. It will be bad for the hedge fund but they will get out of this at lower than current market value.
The people who bought higher than what ever value Gamestop sells these new shares at will feel a bite but I think that is an expected part of this game.
I'd love to invest but my wife's job makes that impossible as she needs corporate approval to invest and you know that is not happening.
This will probably resolve with Gamestop selling new shares directly to the hedge fund after massive pressure from institutional investors and the government.
It will be good for Gamestop as they get a huge cash infusion. It will be bad for the hedge fund but they will get out of this at lower than current market value.
The people who bought higher than what ever value Gamestop sells these new shares at will feel a bite but I think that is an expected part of this game.
I'd love to invest but my wife's job makes that impossible as she needs corporate approval to invest and you know that is not happening.