>>12027442>>12027450They can't "buy out"
The whole reason they got into this mess, was they overshorted.
They shorted for a number of stocks, that's greater than the total amount of stocks on the market.
This wouldn't have mattered if it weren't for WSB. If its a profitable short, instead of rebuying the stock, you can just pay the current price of the stock. But WSB pushed the price to the stratosphere, Mervin has no way out, they'd have to buy every stock from all those WSBers at whatever price they choose.
The only way out is if they get gamestop to sell/issue new shares immediately at market price. Which gamestop definitely wants to do, they can dilute 1% of their existing shareholders to wipe out their entire debt.
But gamestop doesn't want to crash the hype, they'll most likely do a moderate issue to profit off this. Melvin is still fucked.
