This is not exactly true. There is a legitimate case for the stock being worth whatever the stock holder wants it to be, especially if the stock holder has thousands of other stock holder friends wanting the same price.
Regardless of that case, its not unreasonable to assume the economy can put an upper limit on its value. In other words, the question needs to be asked, at what stock price will the entire world economy collapse? A related question would be, will any price be honored? Or even, CAN any price be honored?
If the price is too high, substantial money will have to be created de novo just to cover. At 25M, that would be a $1.75 QUADRILLION payout if the entire float went for that price. That assumes the float is only 70M shares. It could be higher due to created shares from the fraudulent short selling.
So while its theoretically possible the price for GME could go to 100k, or 1M, or 25M, or 1B, or 1T, or infinity per share, there is almost certainly an upper limit of where share sellers actually get paid. It is not obvious where that limit is.
This is not exactly true. There is a legitimate case for the stock being worth whatever the stock holder wants it to be, especially if the stock holder has thousands of other stock holder friends wanting the same price.
Regardless of that case, its not unreasonable to assume the economy can put an upper limit on its value. In other words, the question needs to be asked, at what stock price will the entire world economy collapse? A related question would be, will any price be honored? Or even, CAN any price be honored?
If the price is too high, substantial money will have to be created de novo just to cover. At 25M, that would be a $1.75 QUADRILLION payout if the entire float went for that price. That assumes the float is only 70M shares. It could be higher due to created shares from the fraudulent short selling.
So while its theoretically possible the price for GME could go to 100k, or 1M, or 25M, or 1B, or 1T, or infinity per share, there is almost certainly an upper limit of where share sellers actually get paid. It is not obvious where that limit is.
Absolutely, and owning shares allows one to consider this delimma.
Might be a good problem to have.