GME - BK 2023 / Extend / Pretend / Defend
Diupdate
Leap Puts a real Value Proposition.
We're adding 102/20s to Jan 19 2024s as this Junk gets shoved back up.
Bankruptcy is dead ahead.
______________________________________________________________
GME has 42.2m of debt in April 2022, down from 48.1m, one year before.
The balance sheet shows it holds 1.04b in cash, so it actually has US992.8m net cash.
In reality - 1.13b falling due within a year, and liabilities of 547.9m due in
addition.
All they are left with is to keep the Game afoot, share buybacks to prop until the
June 2023 Debt default as they hold less in Fungibles to prop after Bond Payment
#1 is due, #2, they simply cannot afford it.
Buy a Gold Mine I suppose.
We're adding 102/20s to Jan 19 2024s as this Junk gets shoved back up.
Bankruptcy is dead ahead.
______________________________________________________________
GME has 42.2m of debt in April 2022, down from 48.1m, one year before.
The balance sheet shows it holds 1.04b in cash, so it actually has US992.8m net cash.
In reality - 1.13b falling due within a year, and liabilities of 547.9m due in
addition.
All they are left with is to keep the Game afoot, share buybacks to prop until the
June 2023 Debt default as they hold less in Fungibles to prop after Bond Payment
#1 is due, #2, they simply cannot afford it.
Buy a Gold Mine I suppose.
Catatan
The Chimps protest and get beaten again for $16.
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