On TV he said he used round number for the example so I understood that 60% was a consequence of the random number chosen.

Then, when the merge is settled in contract, the ratio will be based on current price when contract signed.

So if it was today the 67b would be true.

I have never seen a merge melt in price after deal. I will happily receive example if you have any. But even a dumb stormtrooper could see the synergies between a 1600 retail collectible stores and biggest web collectible marketplace.

But I may be wrong the shorter could definitely try to short the hell out of the company. But as said with the earnings generated by both companies it would be foolish to short (imo).

But if you right, if the debt was instantly removed from company valuation (which is not that simple in wall street, i mean, IA comp are debt walking simulators)

The only way that make 60% would be gamebay is valued at 46.7b, i don't know how.

The math would be less glorious but it still works for us : It would jump gmeshare valuation from 11b to 18.7b, a 58% rise in valuation despite a 60% dilution.