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Read the sec filing
$AMC Entertainment (AMC.US)$ there is an sec filing today to increase shares dramatically for a penny a share essentially killing our efforts so before posting any more please read that first
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Gemini18 : do more research. :) This is not the doom you think it is.
70677899 : it's a proposal and NEED to vote in the May! has nothing to do with the short term here.
Mcsnacks H Tupack : It’s not false info. They announce it this way so that in the future after they vote on it and it passes they don’t have to announce when they add the shares. They will be able to add up to 50million a day anytime or sell them to companies so they can short them whenever it gets close to squeezing. And it will lower the interest on the shares down to less than 1% for them to be shorted.
FirstStrike Veteran : What type of shares were they? Everyone knows their are different types, right?
Rebelraven FirstStrike Veteran : Class A
Jet Bomb : The vote is in May
King Arthur86 OP FirstStrike Veteran : Class a common stock the stock we hold
King Arthur86 OP Jet Bomb : Yes but it was released to inspire a sell off make no mistake I’m holding but telling people to do silly things for the cause with no intentions of informing them is helping to create paper hands
King Arthur86 OP Gemini18 : This is very destructive to me I invested for long term gains not just to do some kind of squeeze and this information has implications for any long term investment
pennypincher BigRed40 : go read the filing for yourself before you just go off saying its false. you can see it right here on moomoo
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