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@purplequestions
hmm
Apr 5, 2024 • 38 tweets • 7 min read
GameStop has voluntarily slashed its own credit facility

Timeline:

November 30, 2023: Number of shares outstanding : 305,514,315

December 5, 2023: GS Board approves new investment policy, sole delegation to RC

From recent 10k,

February 3, 2024: GS began paying off the French baguettes in Q4 2023, 28.5m remaining

February 3, 2024: GS had 500m line of credit (2026 Revolver)

February 3, 2023: GS had 100m remaining authorized to repurchase shares from 2019 program

February 4, 2024: GS Q1 and Fiscal Year begins

February 7, 2024: RC and LC make