$AMC Entertainment (AMC.US)$ Cant file the paperwork fast en...
$AMC Entertainment (AMC.US)$ Cant file the paperwork fast enough AMC said. They are probably going to unload their entire arsenal. 200 million shares. This will be exciting.
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Mcsnacks H Tupack OP Sniff-My-Stiff : It’s going to go up at open. Wait until it stops then sell. May make it to 10.10
Mcsnacks H Tupack OP Sniff-My-Stiff : That is before it crashes
Mcsnacks H Tupack OP Sniff-My-Stiff : Whoever wrote that Netflix article had money in amc stock and was trying to offset what they knew was coming. Movie theatres are novelty. Meaning you only need one company. AMC might be bought by cinemark or Disney maybe after their debts gone. But in their paperwork in December they said they couldn’t compete anymore, even after the pandemic is over. So all the owners are cashing in their billions of dollars in shares and celebrating they got out this lucky. And what’s worse is they have been helping the hedge funds also making their money back. They could have put this news out Friday and the stock would have went to 40.00. But instead they sold shares to the hedge funds so they could short it and get paid millions on Friday.
Mcsnacks H Tupack OP Mcsnacks H Tupack : All these assholes play golf together and send their assshole kids to the same schools. If you invest in one you’re investing in all of them. There’s no single entity. It’s all business and they are all businessmen getting rich off the lower class
StonedInvestor : guess noone read the whole article...he states, "Bankruptcy is Off thr table"
Mcsnacks H Tupack OP StonedInvestor : Yea bankruptcy has been off the table. Since Jan 5. The 4billion dollars in debt they have that the interest comes due on March 1st tho has to be paid
Mcsnacks H Tupack OP Mcsnacks H Tupack OP : Best way to pay off debt and save money is to pay off the loan. Then no interest payments. Then they can sell the company and be richer
Mcsnacks H Tupack OP Sniff-My-Stiff : Lot of buys coming in so that could be good
Mcsnacks H Tupack OP Sniff-My-Stiff : Well don’t panic at open. Right now it should dip to 6.58 then go up to 8.06. Hopefully more