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Buck_Rogers
Member since Jul 2013
1114 posts

re: Holding AMC Thread- Diamond hands unite
quote:

AMC had nothing to do with them closing the fund.

No, but when they close the fund they have to close their position on AMC which means buying at the current price, which in return drives the demand up, which drives the price up, which adds more pressure to other hedge funds to close their position, especially when investors are withdrawing their money. Pretty much why some hedge funds are now changing their rules for withdrawing funds if you are invested in them. They are buying themselves time. Why is that? I'm interested in hearing the other side to get more educated on this, but just hear that the price will drop and share dilution is inevitable.

ETA: Simply answer these questions.
Why are hedge funds changing withdrawal rules to buy time?
What makes you think share dilution is inevitable? Show some numbers.
What is wrong with making money like many have trading AMC?
This post was edited on 12/17 at 3:07 pm


Chitown_Badger
Wisconsin Fan
A one drink walk from Wrigley
Member since May 2013
23710 posts

re: Holding AMC Thread- Diamond hands unite
quote:

Why are hedge funds changing withdrawal rules to buy time?


I'm not familiar with this and would have to do some research that I don't really want to do.

quote:

What makes you think share dilution is inevitable? Show some numbers.


From August

quote:

Still, even if AMC stops the bleeding, it's not the end of its troubles. The company has $5.4 billion of debt on its balance sheet, and its annualized interest expense is over $600 million. This is from a company that made over $300 million in operating income only once over the last 10 years.


quote:

What is wrong with making money like many have trading AMC?


Nothing at all. It's great. But a lot of the back and forth in this thread has been around "what is going to happen" and what certain things indicated. And of course for every person that made money on this thing, there are gonna be more who lost money and others still bag holding.

ETA: I just saw this and it made me laugh

quote:

Aron said: "Between those two transactions we raised over $800 million of cash, not to line my pocket or anybody who works at AMC, but to put that money in the treasury of AMC to strengthen AMC."


How much in shares did he sell just a few weeks ago?
This post was edited on 12/23 at 3:40 pm


Buck_Rogers
Member since Jul 2013
1114 posts

re: Holding AMC Thread- Diamond hands unite
quote:

would have to do some research that I don't really want to do.


Way to narrow your research.
quote:

Nothing at all. It's great. But a lot of the back and forth in this thread has been around "what is going to happen" and what certain things indicated. And of course for every person that made money on this thing, there are gonna be more who lost money and others still bag holding.

I'll leave you with this from the movie "Charlie Wilson's War".
quote:

On his sixteenth birthday the boy gets a horse as a present. All of the people in the village say, “Oh, how wonderful!”

The Zen master says, “We’ll see.”

One day, the boy is riding and gets thrown off the horse and hurts his leg. He’s no longer able to walk, so all of the villagers say, “How terrible!”

The Zen master says, “We’ll see.”

Some time passes and the village goes to war. All of the other young men get sent off to fight, but this boy can’t fight because his leg is messed up. All of the villagers say, “How wonderful!”

The Zen master says, “We’ll see.”


ETA: In response to your ETA:
quote:

Aron said: "Between those two transactions we raised over $800 million of cash, not to line my pocket or anybody who works at AMC, but to put that money in the treasury of AMC to strengthen AMC."

You forgot to include the beginning of this statement. Let me help you.
quote:

Aron said the 20 million shares were initially intended to be given to AMC's upper management team, but the company decided to sell the stock to "strengthen the company."

This post was edited on 12/23 at 6:20 pm


Chitown_Badger
Wisconsin Fan
A one drink walk from Wrigley
Member since May 2013
23710 posts

re: Holding AMC Thread- Diamond hands unite
quote:

7:27 AM ET 1/14/22 | MarketWatch

By Tomi Kilgore

CEO Adam Aron discloses sale of $7.1 million worth of AMC stock on Tuesday, and has sold $42.1 million worth over the past 3 months


quote:

He reminded investors that in August of last year, he said he would be selling some of his shares near the end of the year, but said those trading decisions were "out of my hands."

"Those sales are now all finished," Aron tweeted overnight.


Uh huh

Since Greyparrot, carlsoda and Sasquatch refuse to show themselves in this thread, I just wanna make sure that Buck is still holding the line. Aron appreciates you allowing him to reap his windfall.

I wish carlsoda would come back and make it make sense...he's the smartest guy in the room (I know because he told me) so he can surely make us understand how this thing is going to moon soon.
This post was edited on 1/14 at 9:39 am


Buck_Rogers
Member since Jul 2013
1114 posts

re: Holding AMC Thread- Diamond hands unite
Way to pick and choose his statements. This is old news. Adam Aron stated earlier last year these sales would take place. Most CEOs don't even disclose this information that far ahead of time. Adam did so out of transparency. He still currently has over $400 million dollars in AMC stock that he does not plan to sell. I'm still holding. As for this mooning? We'll see.

ETA: I find it entertaining that you return to this thread to up vote yourself and then down vote any response. You argue about fundamentals, yet you pick and choose your research while you claim to have no stakes in the play. Why are you so obsessed with this company then?
This post was edited on 1/14 at 5:30 pm


Chitown_Badger
Wisconsin Fan
A one drink walk from Wrigley
Member since May 2013
23710 posts

re: Holding AMC Thread- Diamond hands unite
$18.38 today, so Greyparrot's call of this stock hitting $100 before $20 was off to the point of being laughable.

quote:

Why are you so obsessed with this company then?



The meme stock thing was a huge story in 2020-2021, and as an investor I found it interesting. Add in a bunch of people in this thread talking shite and hurling insults and that makes it really rewarding to come back and dunk on them when they're proven to be way, way wrong.

And I don't upvote my own posts.


Buck_Rogers
Member since Jul 2013
1114 posts

re: Holding AMC Thread- Diamond hands unite
quote:

I just wanna make sure that Buck is still holding the line. 

quote:

Add in a bunch of people in this thread talking shite and hurling insults

Hahaha!!! So, you think I've been talking shite in this thread?
quote:

that makes it really rewarding to come back and dunk on them when they're proven to be way, way wrong.

We'll see.
quote:

And I don't upvote my own posts.

bullshite



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UltimaParadox
Alabama Fan
Huntsville
Member since Nov 2008
25750 posts

re: Holding AMC Thread- Diamond hands unite
quote:

He still currently has over $400 million dollars in AMC stock that he does not plan to sell yet.




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Chitown_Badger
Wisconsin Fan
A one drink walk from Wrigley
Member since May 2013
23710 posts

re: Holding AMC Thread- Diamond hands unite
quote:

This is old news. Adam Aron stated earlier last year these sales would take place. Most CEOs don't even disclose this information that far ahead of time. Adam did so out of transparency. He still currently has over $400 million dollars in AMC stock that he does not plan to sell.


I don't understand what him saying he's going to sell has to do with the fact that he DID sell, a lot. And I have yet to see where anything made him sell those shares...he just tried to make it sound like it was out of his hands for "estate planning purposes", which is laughable. Unless you count cashing out on the apes before a continued decline to be estate planning, which I guess I would.

Also, if you think me asking if you're still hodling the line is talking shite then you must be perpetually offended on this board and tOT.
This post was edited on 1/18 at 3:27 pm


Buck_Rogers
Member since Jul 2013
1114 posts

re: Holding AMC Thread- Diamond hands unite
quote:

I don't understand what him saying he's going to sell has to do with the fact that he DID sell, a lot.

You don't understand things because you read and quote half the picture. He said he would sell some shares months down the road for retirement planning. He is 67 years old. CEOs sell shares all of the time. A big part of their income is stock.
quote:

...he just tried to make it sound like it was out of his hands for "estate planning purposes",

Again, maybe you should read more. He didn't make it sound like anything different than it is. Months and months ago he threw it right in front of you exactly how it played out.
quote:

Also, if you think me asking if you're still hodling the line is talking shite then you must be perpetually offended on this board and tOT.

I pity you. It's hard to get offended at someone who frequents a thread just to say "I told you so" when a stock goes down, when said person didn't have the balls to short it.



Chitown_Badger
Wisconsin Fan
A one drink walk from Wrigley
Member since May 2013
23710 posts

re: Holding AMC Thread- Diamond hands unite
Anyone who is eager to stay in a stock with a mantra of "hodl and to the moon we go" while that company's CEO and other executives sell tens of millions worth deserves to lose their arse on it. And I'd say that for any stock. Add in all the other grasping at straws for buzzwords they think will buoy the stock (NFTs! Doge! Popcorn!), the rise of direct to streaming releases, etc, and it's a study in groupthink that there are still so many who think this thing is going to take off again from either a) a short squeeze or b) actual fundamentals.

This post was edited on 1/18 at 4:07 pm


Buck_Rogers
Member since Jul 2013
1114 posts

re: Holding AMC Thread- Diamond hands unite
You sound extremely angry. It's not healthy to let things like this bother you. I'll leave now.


Chitown_Badger
Wisconsin Fan
A one drink walk from Wrigley
Member since May 2013
23710 posts

re: Holding AMC Thread- Diamond hands unite
You read that and got "anger"? I think it would be better characterized as "confusion over how some people can be so blind to reality"


Bdiddy
McNeese State Fan
Member since Jul 2021
19 posts

re: Holding AMC Thread- Diamond hands unite
I think the bond market is a better indication of reality. I believe the aggregate junk bond current yield is around 3.7%. If I am reading the current bond yields correctly, I see two different issues currently yielding approximately 15%. This indicates that there is a very good chance of eventual bankruptcy. People who are urging others to drive up a stock without regard to fundamentals seem to me to be unethical. Someone gets left holding the bag.


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Buck_Rogers
Member since Jul 2013
1114 posts

re: Holding AMC Thread- Diamond hands unite
quote:

This is all fair, but unlike you I'm still bagholding on some of his can't miss picks. They're the worst performers in my entire portfolio.


quote:

You read that and got "anger"? I think it would be better characterized as "confusion over how some people can be so blind to reality"

I think you have a chip on your shoulder because you are regretting getting on the AT train (maybe you were blind to reality), when some of us made out like bandits. You're afraid to lose again, so you sit back and hope other people's investments tank, so you can pop in and say how right you were.

I am way ahead from AT's picks and have nothing but house money riding on AMC, because I saw the writing on the wall (as seen in my earlier posts last year) when hedge funds assumed share dilution was going to happen, and it didn't. That's what started this whole thing. Do I think AMC will go to $100k? Absolutely not. Did I make money when I bought AMC amd it ran up? Yep, and it's house money riding now. Are you angry that you keep missing the boat out of fear? I believe so.
This post was edited on 1/19 at 11:50 am


Chitown_Badger
Wisconsin Fan
A one drink walk from Wrigley
Member since May 2013
23710 posts

re: Holding AMC Thread- Diamond hands unite
quote:

hedge funds assumed share dilution was going to happen, and it didn't.


AMC is one of the most diluted stocks in the market over the past year plus. They had 120MM shares outstanding in Oct 2020 and have 514MM outstanding today. A 328% increase in shares, with more sure to come this year.


Buck_Rogers
Member since Jul 2013
1114 posts

re: Holding AMC Thread- Diamond hands unite
Yes, there was share dilution, but when hedge funds were betting crazy money on more dilution, it didn't happen.


UltimaParadox
Alabama Fan
Huntsville
Member since Nov 2008
25750 posts

re: Holding AMC Thread- Diamond hands unite
quote:

it didn't happen yet.


It is pretty simple AMC dilutes further in the next couple of years or they are heading towards bankruptcy


Chitown_Badger
Wisconsin Fan
A one drink walk from Wrigley
Member since May 2013
23710 posts

re: Holding AMC Thread- Diamond hands unite
quote:

AMC dilutes further in the next couple of years


I'd say that outer end of that window is much sooner than a couple years. For this reason, among others:

quote:

The company has $5.4 billion of debt on its balance sheet, and its annualized interest expense is over $600 million. This is from a company that made over $300 million in operating income only once over the last 10 years.
This post was edited on 1/19 at 1:32 pm


Buck_Rogers
Member since Jul 2013
1114 posts

re: Holding AMC Thread- Diamond hands unite
Are you saying that AMC has no chance of being cash flow positive?

ETA: Up votes and down votes bring nothing to the table.
This post was edited on 1/19 at 1:55 pm


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