So ... you DO have time to post this gibberish ... but you do NOT have time to post a basic summary.
We ALL know why that is.
But let's see if you can follow along.
how much debt does gamestop have? how much cash on hand does gamestop have?
Cash on hand: $1.4 billion
Current liabilities: $1.5 billion
The only other significant asset they have is their inventories, which is mostly smoke and mirrors. In a liquidation, they will get 10 cents on the dollar. They might be able to borrow a little bit against them, but it looks like they might have already done that. Don't know without more time and research. Do YOU know? I doubt it.
Burn Rate: $420 million at the current rate.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638021000129/gme-20211030.htm
That means they must pay out $100 million MORE in CURRENT liabilities over the next year, than they have cash in the bank ... WHILE ... they are LOSING $400 million a year.
See a problem?
If not, then you are that guy at the poker table who can't figure out who the mark is.
So ... you DO have time to post this gibberish ... but you do NOT have time to post a basic summary.
We ALL know why that is.
But let's see if you can follow along.
how much debt does gamestop have? how much cash on hand does gamestop have?
Cash on hand: $1.4 billion
Current liabilities: $1.5 billion
The only other significant asset they have is their inventories, which is mostly smoke and mirrors. In a liquidation, they will get 10 cents on the dollar. They might be able to borrow a little bit against them, but it looks like they might have already done that. Don't know without more time and research. Do YOU know? I doubt it.
Burn Rate: $420 million at the current rate.
That means they must pay out $100 million MORE in CURRENT liabilities over the next year, than they have cash in the bank ... WHILE ... they are LOSING $400 million a year.
See a problem?
If not, then you are that guy at the poker table who can't figure out who the mark is.
So ... you DO have time to post this gibberish ... but you do NOT have time to post a basic summary.
We ALL know why that is.