That's actually pretty much what happened. Ryan Cohen was able to do what he did (buy a lot of stock and get a board seat) because the stock price was low. But that arguably saved the company. Change of control isn't inherently bad. And it often leads to incompetent CEOs being fired.

The firm has an opportunity raise a ton of capital very cheaply that it can use to fund productive investments. That's good for the firm, and its good for the people who work there.

I have no sympathy for the short sellers. They're paid a lot of money to understand the game they're playing. And if they lose, that's too f*cking bad. But the same goes for WSB. If they're gonna be pissed off that the company makes what is unequivocally the right decision for the firm, then they're just as hypocritical as the short sellers.