/biz/ - Business & Finance

meme stocks are where brain cells go to die

Debasing the currency or debasing equity shares - funny how the game is the same.

>>55643537
kek dumbfuck baggies

>>55643904
>bought in at $60
>sold for a total loss
Kek

>>55643537
>CEO
>that kindergarten-level signature
lol just for that alone i wouldn't invest one dollar in AMC

Imagine paying yourself 22 million a year dollars and blaming retail traders for not letting you dilute your stock

>>55643986
>mfw popcorn actually pops

Price prediction

>$15
Source
My ass as it was sharting into the toilet

>>55643537
Can someone give me a QRD on what happened? The fuck is an APE share?

>>55646709
Basically it goes back to the initial 2021 squeeze where AMC wanted to dilute and retail holders voted no

One year later, Adam Aron, the CEO, decides to get around no dilution by creating a dividend called APE and moves about 40% of AMC’s value into it. Causing both to fall into the single digits

Now, this is when the fuckery gets real.
When APE was at its absolute lowest, Adam Aron decides NOW is the best time to sell new shares, but he will sell these shares directly to Antara, who is owed a lot of AMC’s current debt. All and all he dilutes APE by over 100%

Adam then announces a conversion for APE back into AMC, he holds an unmirrored vote where only 27% of AMC holders participate in (keep in mind, AMC is owned 21% by financial institutions)

70% of AMC votes yes and so the conversion is set to go. However, a pension fund sues and AMC is forced to pay settlement. However, the court denies a speedy wrap up to this as a bunch of retail traders protest the whole thing. Now a trial recently took place where the judge suprisingly voted no to the the settlement as its clear that retail who is most effected by this had little to no say.

The reason how this affects shorts and a squeeze is that basically hedge funds were banking on the conversion to help bring down the price by another 100%. This stock was basically shorted to its absolute limit as there was a 1000% ctb as hedge funds were certain that the vote would go through. Now, there remains uncertainty of this ape thing will ever go through so who knows what will happen to the price of AMC


>tldr
The CEO tried to fuck over the retail, and judge keeps denying him this as it’s pretty illegal and now is threatening bankruptcy despite 2023 looking to be the most profitable movie year in the last decade
I didn’t even mention the whole gold mine fiasco or how he paid himself 22 million last year

>>55646819
Great summary. Adam Aron is trying to fuck retail investors with every single fucking move he makes. What a criminal.

>>55646819
Lmao thanks for playing retards.
As always its the retail investors that get outsmarted or cheated out of their money, they can cry to the courts but they will get shit as always

>>55646819
Is he a Jew?

So, does that mean it will squeeze since hedgies are betting the move to go through and now it doesn’t?

>>55646819
Good summary, more unbiased that I could ever do it. Would be funny if AMC holders just keep holding and intervening with the conversion & reverse split out of spite.

>>55647831
yes

Boy…

Look at volume

>>55646819
>>55647831
Jews truly are in need of a complete cleansing. They can go jew each other in hell.

>>55648410
Who cares. Let’s just get our money

>>55648442
>Who cares. Let’s just get our money
I already have enough money for a lifetime. It's about destroying your enemies. Material pursuits are meaningless.

Volume boys, volume

>>55643537
>>55646819
So it's being kept down despite goyim actually going to the movies. Buy? Or will the small hats win?

>APE
it's like some wallstreetbets meme magic
goddamn reality is weird

>>55643537
>adam
>aron

lol

>>55649727
Small hats have essentially lost

Reading the courts decision, the revised settlement may actually get approved. The revision does not address everything but it does address a key concern that after the settlement AMC shareholders would be barred from objecting further.

HOWEVER,

This now opens up the door for a class action. The judge actually advised the plaintiffs to organize

Basically,

>best case,
Revised settlement blocked

>good case
Settlement is approved but now has to contend with amc shareholders suing the company itself for the billions of illegal shit that the court now knows. (Judge straight up admitted the the vote wouldn’t have passed if it was legit)


Worst case
Settlement is approved. Lawsuits quickly fizzle out. Financial institutions now control amc and AA gets away with billions

I don’t see the worst case happening. Anyway you slice it APE is in legal hell and will not get converted in the next year. Shorts will continue to bleed as a bunch of retards have now bought the stock thinking it’s because of Barbie, mario, and Oppenheimer

>>55648471
Fuck I wish I could say that too.
I just want to enjoy life and get out of the rat race, own a house in the woods and get away from the social stress. From there I could fight corruption but as it stands I'm chained and mentally drained from society and have no energy for the simplest of things anymore after you get home to a small 1 room apartment you hate in a city you hate after working a job you hate. I want freedom but I can barely afford the food on my table these days after rent is paid and electricity too. I want freedom!

>>55647813
Yikes, antisemitic much?

>>55651089
Assume the state you wish to exist and it will. You've made it, my friend.

>>55643537
So is AMC going to sell more shares to raise capital? That's what it sounds like.

Is AMC up because the Barbie movie is such a big hit?

Will it go to 7 dollars or am I retarded?

>>55652516
like 80% chance ya. But You'll literally have to stare at the chart the whole day because it will only be there for like 1-2 minutes

>>55654294
lets gooo options