Current Events > Has GameStop released a statement or capitalized in any of this?

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IdiotMachine
01/29/21 6:21:14 PM
#1:


Their news releases are pretty light:
https://news.gamestop.com/news-releases-0

And there's no news reported on GameStop except GME...

Whereas AMC capitalized and traded their $600 mil. debt with stocks, making them debt free:
  • AMC on verge of bankruptcy
  • AMC gets ~$600 million in debt to weather the covid storm for 2021, making bankruptcy off the table
  • AMC capitalizes the meme stock and trades the debt for stock
  • AMC is now debt free and is actually in a pretty good place now


Why isn't GameStop doing something this smart?

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darkphoenix181
01/29/21 6:21:52 PM
#2:


They are flooded with customers going into stores asking the pre-order GME.
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lzual
01/29/21 6:29:10 PM
#3:


darkphoenix181 posted...
They are flooded with customers going into stores asking the pre-order GME.

nice

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ArkThompson
01/29/21 6:40:31 PM
#4:


AMC had outstanding convertible notes apparently so it's not like they did anything to capitalize on it, the investors just decided it would be a good time to convert and cash out (see below article from 2018 about the notes):

https://www.businesswire.com/news/home/20180914005261/en/AMC-Entertainment-Closes-on-600-Million-Strategic-Investment-from-Silver-Lake

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