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26805640 No.26805640 [Reply] [Original]

Concerns this:
https://finance.yahoo.com/m/a458624b-2b0f-34c7-bc1c-e417654ec9c3/amc-entertainment-to-issue.html


search: as sales agent and/or principal, up to 50,000,000 shares

On November 29th, AMC was shorted with 33.51m stonks. https://finance.yahoo.com/quote/AMC/key-statistics?p=AMC

44m new stonks sold on the open market is more sell pressure than shorts covering would be buy pressure. And most of the shorts won't have to cover at all at these prices. With the news of AMC's dilution, they can just wait for the price to crash. So we have a situation where short cover buying dries up. AMC dumps their stock, and now that the news it out, WSB and retail is going to catch on and understand that they have been defeated on AMC and the buy pressure from there will dry up to and change to sell pressure.

AMC got way too greedy with this one. They should have announced selling some 6mn max. There's no way they're getting a good price for 95% of those 44mn. What fucking retards, right?

They couldn't possibly be that retarded, right?

The answer is probably yes. They couldn't be so retarded. They are acting against the interest of their own company for the benefit of the shorters. This is highly likely to be a case of corporate corruption.

>> No.26805759

>>26805640
The original minting scam

>> No.26805765

>>26805640
dont care buying more

>> No.26805852

>>26805640
just bought 50 more

>> No.26805874

>>26805765
I guess that's its own kind of based. I hope retailers collectively feel like you do and keep buying up all the AMC issued stock while shorters try to short more to cause a panic, leading a shortsqueeze anyway.

>> No.26806706

>>26805874
https://www.youtube.com/watch?v=_9GKQmG7etQ

>> No.26806817

>>26805640
For the debtors this is a profitable move. AMC is going under, but the with the current bump the debtors can unload their converted shares and most likely make a solid profit

>> No.26807173

>>26806817
You didn't read or understand the whole post. I address this and explain why selling 44mn is much worse to raise funds than 6mn.

>> No.26807266

>>26805640
The thing that doesn't make sense is the price these stocks were issued at. $13.51 is going to cause some dilution, but not too much, and it would still be above what the shorters were counting on. The aftermarket dips last night were probably all about that and have since been completely nullified, so it doesn't seem to have had much of an effect

>> No.26807849

>>26807266
>some dilution
dude
44m when the float was 102m before and the shorts were 34.51m
if you have any intuition on magnitudes you know 44m shares weren't absorbed in aftermarket trading yesterday.

>> No.26808426

>>26807849
Those aren't the numbers I've been hearing
And regardless, the volume only has the potential to dilute insofar as it can bring the average price down. 44m stocks being issued at $13.51 is going to bring the average price down, but it sure as hell isn't going to bring it below $13.51. The shorters were counting on AMC being under like $5.

>> No.26808566
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26808566

>>26805874
OOOOOOOOOOOOOO

>> No.26809954

>>26808426
>But it sure as hell isn't going to bring it below $13.51.
You're probably right about that.

The short squeeze probably isn't going to happen anymore though. I bet Silver Lake is going to give the shorters an offer they can't refuse off-market so they can cover their shorts (for a price), if they didn't already get an offer from shorters to begin with that prompted them to do the conversion. I bet they'd rather do that than risk there not being enough liquidity during the short squeeze for them to offload most of their 44m.

>> No.26810422

>>26808426
>https://finance.yahoo.com/m/a458624b-2b0f-34c7-bc1c-e417654ec9c3/amc-entertainment-to-issue.html
dipshit AMC arent issuing new shares at 13.51, the debtors are paying AMC 13.51 to convert the debt into equity because they are bullish on the equity price.

>> No.26810552

>>26805640
dumbass... AMC is not doing this, the debtors are because they are bullish on the stock price and want to join in.

>> No.26810933

Wasn't the short on the order of 50%? I think that's what I remember from screenshots posted here. Then a 10% issuance wouldn't be enough to cover the shorts.