$AMC Entertainment (AMC.US)$ AA shafted Apes with dilution ...
$AMC Entertainment (AMC.US)$
AA shafted Apes with dilution in July & Nov'21, then another dilution with the creation of APE in Aug'22. And then got Board to approve new tranche of 380m shares offering. He diluted 40m each in Sep'23 and Nov'23. This year April another 100m was diluted as per publish. So 200m more to go. Plus likely couple more reverse splits. All these only settles 5% debt. Likely, will get BOARD TO APPROVE ANOTHER FEW ROUND OF NEW OFFERINGS. PLUS MORE REVERSE SPLIT.
AA shafted Apes with dilution in July & Nov'21, then another dilution with the creation of APE in Aug'22. And then got Board to approve new tranche of 380m shares offering. He diluted 40m each in Sep'23 and Nov'23. This year April another 100m was diluted as per publish. So 200m more to go. Plus likely couple more reverse splits. All these only settles 5% debt. Likely, will get BOARD TO APPROVE ANOTHER FEW ROUND OF NEW OFFERINGS. PLUS MORE REVERSE SPLIT.
Or just declare chapter 11 and re-org. This will be the ultimate "I ride you" shaft and #chokeonmydikk from AA.
#chokeonthat
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Justin Brewer : FUD