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Everybody hates shorts, but if you can sell for $40ish today vs $5 6 months ago and $20 last week, and you need/would like some cash, and you have a shelf offering ready to go, why not sell today?

If the price goes up to $80ish next week, then maybe issue some more shares to sell at that price too.

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Continuously issuing shares leads to dilution(https://en.wikipedia.org/wiki/Stock_dilution). This has a ramifications for board members like Ryan Cohen who wants to change the company trajectory and also tend to have a downward effect on the share price.

RC also bought his 13% stake on his own. Why would he agree to dilute his own shares when GME has cash in the bank and doesn't need to raise?

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