So hear me out…
Crazy napkin math, but if the —private offering of 1.3B of convertible senior notes with the option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $200 million aggregate principal amount of notes — were to be a completed done deal today … that would mean 1.5 Billion for GameStop.
For the purchaser, at todays cost basis this afternoon (let’s say it’s an average of about $21.60), that would mean … 1.5 B divided by 21.60 … which is roughly equal to 69 Million shares. (69,444,444.4, which is awfully close to 69,420,000).
I know it’s a long shot, but wouldn’t it be cool if the math mathed out exactly at 69.420 million shares?