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EuroHorn

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Everything posted by EuroHorn

  1. Well I have one share stock certificate of Enron I can sell you (I actually do). It’s worth millions !
  2. What the underlying shares are trading for doesn’t trump the underlying financial fundamentals. The shares are trading high because people are buying for no other reason than to fuck the short sellers. GMEs TTM Ebitda was -590m. Even if they paid off all of their debt it doesn’t move the needle on EBITDA.
  3. What were they going to change fundamentally with the $75 million. Selling games online? Their current business model will be nonexistent unless they reinvent themselves
  4. Yea and the massive short positions were there because there’s a very very high probability that GME was heading to bankruptcy. This wasn’t taking a viable company like Microsoft and having massive short selling put them out of business. Had Reddit not got involved we would be discussing a company going bankrupt due to a dinosaur business model. Regardless of the short selling. Unless GameStop some how managed to reinvent themselves. But they probably still file to reorganize
  5. Again, that wasn’t about the shorting. It was about their products. People short stocks everyday. It’s not going to send a company into bankruptcy. And people going long and raising the stock price is not going to keep GME in business. They need to make profits by selling products or services.
  6. the market provides access to capital if it is a going concern. Who’s going to buy a company that’s the blockbuster of video games? The stock will eventually go to zero and bondholders may get something out it.
  7. Stock on the balance sheet is recorded at book value after the IPO. Equity is Assets minus Liabilities. GMEs balance sheet has not changed due to all the trading that has happened.
  8. How would selling short on the secondary market force GME into bankruptcy? The underlying financials and balance sheet for GME is what was forcing them into bankruptcy. The short sell was a bet on the inevitable. Although I would agree that being allowed to go over 100% doesn’t make sense. When this is all over GME will most likely go into bankruptcy unless they change their business model pretty quickly
  9. What’s up with that pass
  10. I hope we can add the ending to the hype video
  11. Should be ahead now
  12. Lot of chances and not capitalizing
  13. Team looks completely off
  14. Almost pulled a Texas tech repeat on that inbound
  15. Get it tied at the half
  16. Texas beat Kansas
  17. McClung with a 3. Tech up by three with a minute to go
  18. Tech v WVU should be good tonight
  19. Buy American first! Good for Biden. Although he might need to lose the Rolex
  20. Kentucky battling it out with LSU
  21. Toss in Duke, UNC, Kentucky, and Indiana. This year is going to be interesting if they manage to get through March madness
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