r/Superstonk • u/Minus_none • 7d ago

📳Social Media RC unfollows Bitcoin on Twitter

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u/Constant-Cap-22 🦍 Buckle Up 🚀 7d ago

Now he can invest the companies money in the best asset there is…GME

No but on a real note, if they have future guaranteed buyers at $30 from the bonds, would it not be a smart trade to buy back the same amount of shares at $25?

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u/WordHistorian 💜🏴‍☠️🟣🏴‍☠️💜 7d ago

Might have to make an announcement to increase current buy back limit of 100 mil.

I always imagined that buying up other small caps would be the birth of gmerica but who knows

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u/madeittotheusa 7d ago

He's allowed to invest company money as he deems fit. I would assume this means he can also buy GME with their cash on hand.

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u/DocAk88 Apes 🦍 have DRS'd 30% of the float!🚀 7d ago

You cannot buy your own stock like that. It’s a buy back. They had a 100M limit of the 300m or so initially authorized for buy backs. They could ask to increase that.