A more boring conversation about this is how will it actually impact Gamestop? Could the new price levels become a self fulfilling prophecy, with Gamestop being able to raise enough capital to revamp the business?
"Irrational" retail investors have perhaps saved a company before - Tesla - by holding onto the stock even when every hedge fund was saying it's doomed.
As far as I know GME has not executed on any ATM sale which is very puzzling. Compare this to AMC which basically tripled its shares since last year. This leads me to believe that this is not all kosher. GME counsel is probably advising them to not go through with it. Frankly, I think Ryan Cohen bit off more than he can chew. His ideas to revive Gamestop is mostly half baked and there are way too many big players to compete against. Any money they raised from here will only delay the inevitable.
"Irrational" retail investors have perhaps saved a company before - Tesla - by holding onto the stock even when every hedge fund was saying it's doomed.