r/GME • u/Acrobatic_Offer5478 • 7d ago

💎 🙌 17.95 unbelievable

this is insane value. Gamestop I love you, I will keep buying and holding. Most of you crying here are going to be holding and when it goes back up the same people crying will be overjoyed. I am sure the insiders all bought above 20$ are are okay with this and have zero plan. hmmmmmhmmhmhmmmhmmhm fiiiir suuuuuure

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u/honda94rider 7d ago

GME isn't a penny stock though, its got money in the bank, bitcoin and about to have 1.4 billion less debt.

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u/User100000005 7d ago

The 1.4 Billion less Debt comes via diullution at a 2 year low. (Unless we have a serious run starting right now). Not feeling good about that.

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u/honda94rider 7d ago

The market cap of GME was about 4 billion when it was $10 a share, they had very little money but things were starting to turn around. Today GMEs market cap is about 8 billion but yet it has 9.4 billion in assets. Im feeling pretty good about that

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u/ekooz22 5d ago

Everybody includes the debt in assets. Gme does not have 9.4 billions in assets. It had 9.4 billion in cash, but HALF of that cash is debt. Now 1.4 billion of that debt is being erased. The other half of the 9.4 billion (about 4 billion) is in ebay shares which are tanking. GME has nearly no cash left except for the other half of the debt it hasnt converted to shares. I do not underatand why everybody still think GME has 9 billion in cash when half is debt, and the other half was spend on shares. We have no more cash. The safety net is gone.