Burnell Ezekiel
03-28

$GameStop(GME)$

To be honest, GME is very good at leveraging the market, that is, using emotions and rules to normalize the company.

- Two direct ATM financings have enabled the company to get rid of debt and build up a cash reserve of over 4.5 billion.

- It has drastically closed unprofitable stores, turning the company from losses to profits.

- It is expanding into new businesses and recruiting talents. The details are not clear yet.

It is preparing to purchase Bitcoin. Originally, I thought it was rather risky and foolish to use its cash reserve to buy Bitcoin. But then it issued 1.3 billion of convertible bonds. This approach seems acceptable. On the first day it announced the intention to buy Bitcoin, retail investors became excited and the stock price rose against the trend by 11%. This shows that people approve. After the market closed, it issued 1.3 billion of private placement convertible bonds. Are you guys cooperating or not?

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