Floor close?

As of today GameStops free float is valued at 9.18 bil while holdings 9.08 bil in cash and bitcoin (not accounting for bitcoin gains). At free float market cap to cash and bitcoin it would be 22.22 a share. At outstanding it’s 20.29 a share.

Now let’s say it drops below 20.29 I don’t see why GameStop wouldn’t do a buyback and then do another note offering at a premium with the hype behind the buyback. Buy shares cheap, sell them at a premium, reduce outstanding shares, and raise more money. I dont think Wall Street is dumb enough to let it go that low.