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 US$992.8m 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 US$992.8m 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.
Note
The Chimps protest and get beaten again for $16.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.