Re:Suck It, Wall Street
by jessaustin on Friday January 29, 2021 @02:15AM
(#25954906)
An interesting resolution to this would be if GameStop would allow the short sellers to close their positions by selling them newly minted shares.
AMC did this, both through direct stock sales and through convertible debt. The latter seems easier, because all the work is done ahead of time and when the stock reaches a certain level everything just goes "poof" automatically.
AMC did this, both through direct stock sales and through convertible debt. The latter seems easier, because all the work is done ahead of time and when the stock reaches a certain level everything just goes "poof" automatically.
https://deadline.com/2021/01/amc-entertainment-silver-lake-s...