Can’t be true…
$AMC Entertainment(AMC.US$ AA said himself APE is not dilution so then there’s no way it can be. He’d never lie to those footing the bill.
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Expendabiggles : Its not until a vote to make them into shares
Scottyr1894OP Expendabiggles: Did you read the filing? It basically says that AA will sell 50 mil class B's sometime in the future. Each class B represents 100 shares of common. He can sell them to whoever he wants too for whatever price he wants too and the board is the only one who decides if they can be converted to common. Get this, in the filing it even states he can sell them to short sellers to cover short positions. So basically what he has done is a work around to not needing shareholder approval to dilute to the tune of 5 bil shares. The upside is they may pay off their debt. The down side is it is a company with no profit and a 5.5 bil share float. Either way - it absolutely kills any possibility of MOASS for this stock (which is what all you guys are sure is going to happen).
John 3 16 : APE is a divided with a caveat.
Scottyr1894OP John 3 16: Yeah - I just explained the caveat
Scottyr1894OP John 3 16: I’d be willing to bet any amount of money nobody on this message board (especially those expecting this to “moon”) actually read the filing.
rockindawg Scottyr1894OP: Pay me then, bro, because I read it and all the press releases. There is pretty good info on the investors page of the AMC website too. This is very likely do or die for the MOASS, but it has already accomplished more than the game stock split did. Millions of shares have been recalled, and the split hasn't even happened yet. I flipped calls during the week last week and almost doubled my position. Some in here who are swing trading AMC secured some nice profits last week, and I expect this week and next to present similar opportunities. I'm not sure what is going on with game stock; I hear some chatter about the split being mishandled, and shares missing, but the stock seems stagnant. It isn't even moving in sympathy to AMC lately. Ultimately, Mr Aron did both what's best for apes in the short term, and what is best for AMC in the long term. I will either fly, or it won't, but down the line the company will be out of debt, start buying back, and expanding the company.
rockindawg : I must have been #triggered Scotty, because I just rambled on forever there. lol. Either way, I can't shake the feeling that we are finally #winning. If $Bed Bath & Beyond Inc (BBBY.US)$ squeezes first and sets off the MOASS, I am going to shit.
Expendabiggles Scottyr1894OP: I happen to believe MOASS is dead for AMC because I understand who we are dealing with. They would simply glitch out and take ALL our money before losing massively to us. We are scum to these market manipulators. The outcome is ALWAYS rigged for them. End of story. Its NEVER going to happen. Im waiting on AMC to be green above 30, which I DO believe will happen at some point in the future. The stock made it to 35 on its own before all this meme stuff. By that point, i’ll have bought enough of this stock to retire when I sell. So no MOASS required for me and there is NOTHING gary or some dumb ass hedge fund can do about that!