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re: Holding AMC Thread- Diamond hands unite

Posted on 6/3/21 at 8:06 am to
Posted by cdaniel76
Ponchatoula
Member since Feb 2008
19741 posts
Posted on 6/3/21 at 8:06 am to
Here's the filing:

Posted by slackster
Houston
Member since Mar 2009
90110 posts
Posted on 6/3/21 at 8:06 am to
quote:

That’s not what the filing said.


quote:

On June 3, 2021, AMC Entertainment Holdings, Inc. (the “Company”) entered into an equity distribution agreement (the “Equity Distribution Agreement”) with B. Riley Securities, Inc. and Citigroup Global Markets Inc. as sales agents (each, a “Sales Agent” and collectively, the “Sales Agents”), to sell up to 11,550,000 shares of Class A common stock, par value $0.01 per share, of the Company (the “Common Stock”), from time to time, through an “at-the-market” offering program (the “Offering”).
Posted by FLObserver
Jacksonville
Member since Nov 2005
15255 posts
Posted on 6/3/21 at 8:07 am to
quote:

Media is used by those in power to manipulate the populace. Stock market, politics, etc. The more those in power have to gain, the more likely they are to use the media to push their narrative. Propaganda is a real thing and happens every day right in front of your eyes whether you notice it or not

Totally Agree. You know the hedge funds have these guys in their pocket.
Posted by elprez00
Hammond, LA
Member since Sep 2011
30691 posts
Posted on 6/3/21 at 8:08 am to
Read the post above you and look at the share price.
Posted by Large Farva
New Orleans
Member since Jan 2013
8595 posts
Posted on 6/3/21 at 8:09 am to
Anyone else see the massive glitch on RH a few minutes ago? Swings from $58 to $72 to $68 to $52 to $70 in seconds.
Posted by slackster
Houston
Member since Mar 2009
90110 posts
Posted on 6/3/21 at 8:11 am to
They updated their 4/27 prospectus to say that new investors could lose all or substantially all of their investment give the current volatility. The shares were sold today. The 4/27 offering was for 43MM shares.

Call it FUD if you’d like, but it’s accurate.
Posted by slackster
Houston
Member since Mar 2009
90110 posts
Posted on 6/3/21 at 8:13 am to
quote:

They updated their 4/27 prospectus to say that new investors could lose all or substantially all of their investment give the current volatility. The shares were sold today. The 4/27 offering was for 43MM shares.

Call it FUD if you’d like, but it’s accurate.


Also, I don’t see why 11.5MM shares would shake anyone on this stock. They’ve diluted the hell out of it for months now and it hasn’t mattered.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
31876 posts
Posted on 6/3/21 at 8:16 am to
It was a coordinated attack
Posted by slackster
Houston
Member since Mar 2009
90110 posts
Posted on 6/3/21 at 8:18 am to
quote:

t was a coordinated attack


, blame Aron.

Dude continued to earn his paycheck.
Posted by AA7
Birmingham, AL
Member since Nov 2009
27971 posts
Posted on 6/3/21 at 8:29 am to
Here we go. Should be fireworks today, for better or for worse
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47403 posts
Posted on 6/3/21 at 8:30 am to
Another 11.5M shares for retails to gobble up. 100% sure B. Riley Securities and Citigroup Global Markets have already dumped those shares.

AMC unlike GME using this to actually try to wipe out some debt, cant blame them. In the long run, the business still needs a lot of help
Posted by southpawcock
Member since Oct 2015
16078 posts
Posted on 6/3/21 at 8:31 am to
You guys holding?
Posted by supadave3
Houston, TX
Member since Dec 2005
31184 posts
Posted on 6/3/21 at 8:32 am to
quote:

You guys holding?


Yep, all 3 shares. Holding tight! I’m an ape!
Posted by AA7
Birmingham, AL
Member since Nov 2009
27971 posts
Posted on 6/3/21 at 8:34 am to
Bounced off of $52
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47403 posts
Posted on 6/3/21 at 8:34 am to


I mean honestly that is impressive
Posted by Lsut81
Member since Jun 2005
82904 posts
Posted on 6/3/21 at 8:35 am to
It’s almost back, up 9 dollars in 5 minutes
Posted by AA7
Birmingham, AL
Member since Nov 2009
27971 posts
Posted on 6/3/21 at 8:38 am to
Got close to even and then got knocked back down. Looks like a lot of people are trying to break even and get out.
Posted by Lsut81
Member since Jun 2005
82904 posts
Posted on 6/3/21 at 8:43 am to
Trading halted
Posted by oVo
Member since Dec 2013
11983 posts
Posted on 6/3/21 at 8:43 am to
fricking paper hands
Posted by AA7
Birmingham, AL
Member since Nov 2009
27971 posts
Posted on 6/3/21 at 8:43 am to
Yep, let's see if the apes really do have diamond hands
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