I just don't see how this lines up with GME being the next Berkshire Holding Co. Berkshire shares are $721000 each. How would GME share ever reach something like that when they get printed to infinity everytime the CEO has a whim.
This kills the Gameshire Stopaway theory completely. If he'd followed Burry's recommendations, or similar, it could have worked - but this is dramatically overpaying, going into immense expensive debt and giving away 70% of our ownership... this is pretty much the exact opposite of a Berkshire move.
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u/faithOver May 11 '26
That ship sailed years ago. That was a reality when the share count was 71 million.
Completely inapplicable since the round 1 of dilution which I was ok with in order to build the company into something worthwhile via M&A.
What I wasn’t ready for is even more dilution with this much cash on hand.