Not a shill, I’m a Jan 21 ape that is mostly DRS’d and still holding.
When AA and AMC were selling shares we were vilifying them.
How is another 75 mil share offering by GME any better? I feel like they’re giving the shorts a chance to unwind.
Help me understand, I’m smooth af.
When AMC diluted, it was to make a bad balance sheet look better - while the overpaid CEO continued to make bank and run the business like a vulture.
When GME dilutes, it holds onto that cash, the balance sheet is constantly improving, the fat is being cut, they’re exporing new angles. The RC / GMEDD interview shows that the C-suite understands how to run a business amid hawkish monetary policy and are acting accordingly.
Turnarounds take time. At today’s prices, we’re talking about a ~$10bn company with maybe a third that much in cold hard cash on hand. The world’s only video game retailer that has global reach is worth less than one (1) aircraft carrier. They have a strong balance sheet, an activist investor CEO, and hundreds of thousands of supportive retail investors. AMC has an overpaid CEO with hardly any skin in the game and no plan to make the business work on its own merits. These are not similar investments.