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AMC and Goldman Sachs
$AMC Entertainment (AMC.US)$ Read the agreement; AMC hasn't sold all of the shares, Goldman Sachs has to trade in a range, otherwise the agreement can be canceled meaning their is a minimum amount AMC will issue shares and banks are screwed due to office realestate loans blowing up which may see the market selling off somtime this week and AMC may shoot up.
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Rusty Shackleford 1 : If it gets canceled, that would almost be worse for AMC. They need all of the money they can get their hands on
Peanny OP Rusty Shackleford 1 : If if was a fifth of Gin, we all would be drunk.
Peanny OP Rusty Shackleford 1 : Not true Rusty. What’s worse is the corruption and illegal manipulation of AMC and other stocks that is allowed by the so called governing agencies and ignorant statements like you just wrote.
StrykerAce : This isn’t bad news for banks lol… this is just bad news for investors. If they can’t sell / maintain at the specified range, and the remainder are cancelled, that will spell imminent disaster for AMC & further tank investor confidence… and what do you think that will do to the price? This is obviously a last ditch effort to stay alive, and GS knows it.. which is why that have that stipulation.
PrimeTimeFortySix : ‘Banks are screwed …’
