AMC Spiral
$AMC Entertainment (AMC.US)$ This is sad. The company is like dilute, reverse split, repeat. I don't see an end to this death spiral.
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102355763 : The new shares have not been issued, yet it has already dropped from 19 since the reverse split to 7+![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
It should drop further with the new issue to become a penny stock again and another reverse split to stay listed n then get dumped again n finally delisted. Looks like u are right about the pattern ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102152318 : Will it still go up?
Ken Griffin Charity2 102355763 : The upcoming dilution is already being priced in. What will drive the price down further is the fact that AMC has a debt total of 5x its market cap.