Email of the day on why GameStop does not sell additional shares
Comment of the Day

February 02 2021

Commentary by Eoin Treacy

Email of the day on why GameStop does not sell additional shares

I did not check, but I guess GME did not have a shelf registration which allows a swift sale of securities.

Last week, AMC and AA did use such registration to raise fresh equity. In addition, Silver Capital did convert its $600 MM convertible bond and racked a $100 MM profit: I do believe that they sold short the stock and covered it with the conversion of the CB: opportunistic, sensible and well done!

Eoin Treacy's view

Thank you for this insightful email.

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