at $1 per share, the market cap would be about $300 million, far less than the amount of cash on hand that GameStop currently has, not to even speak of RC's personal warchest and the ~ 200,000 DRS'd investors that would be scooping them up at that price.
Personally I don't see how it would be possible for the price to go that low, but if it did I would be buying as many as I could.
I'm 100% DRS'd. Had some very pressing financial stuff - landlord evicted me after I had the audacity to request basic maintenance, and agreeing an egregious rent hike, but guess he realised he could just not renew and get more with a new tenant. I can't afford to live where I've been for ~20 years on my own anymore unless I move into a bedsit somewhere grim. So, I also have all the expenses of a move across country; and am in the final stages of (hopefully) buying a house, with a mortgage of course.
My rambling point (I am getting there, promise) is, I'd probably have sold some of my shares by now if it weren't for the fact the short & distort team has managed to drag the price down to what I feel is a massively-undervalued area. Money is going to be very tight for me moving forward, I've not bought more shares for a while, but damn I will be loading up as much as possible if they drop the price anywhere near 0.
They cannot beat us. They cannot cellarbox us. All they can do are pathetic misleading stories in their controlled outlets and the whole 'buys to dark pool, sells to market' game. If the price drops to $10 or below, there will be an absolute surge of buying.
I bought my first share at $448.30 so why wouldn't I buy more at $1?
Right? Why stop and realize that you buying in at the top is what made the price so high? Why consider people selling stock and taking their profit from idiots buying in and the company not showing the profit is making you the barely stable piece holding up this quickly dissolving Jenga tower? Why bother with complex reasoning and understanding of your role in this practically a pyramid scheme, of a stock support for a dying company?
Yeah the line is Def going to the moon and if stock markets implode there will definitely be your holy reward beyond the pearly mountain dew Gates in the form of money that will totally be given to you guys and worth epic lols amounts. It's a shame we just can't see it and us normies are false in our "rational" pleads to sanity.
Oh well I hope you space chimps have a great time up there and end up much better than Bonnie