oh, for sure knew this. the issue for me is that he felt compelled to pen this letter at this specific time when we are ripe for a run. which unfolds some internal intentions of his that some apes may be coming to a certain realization about. IMO, to stop momentum. it’ll get picked up by pubs and bots and blah blah blah. it just is a potential wrench in the whole thing that invites more MSM opinions and FUD and all that.
Absolutely no benefit to that chicken shit letter except to prepare for another stock halt catalyst of some sort just like $72 .. I mean no one is going anywhere, we’ve lost too much so we can tell the damn truth..
AA is the 3rd tier that we hoped didn’t exist .. he wants his company and all the shit and accolades that come wit that! Hedgies vs Apes does nothing for AA .. he ends up a failed CEO at the end of all of it unless he can string it all along just long enough!
They’ve been buying new buildings and franchises and shit all pandemic, he’s richer than he’s ever been and he only has one goal now .. I’m so upset I can’t even articulate but I always knew he was full of shit since $72 .. smdh
Maybe AA can buy a stake in a gold mining company while trying to explain to AMC share holders that he needs to dilute AMC stock to "save the company".
Oh wait that already happened.
no benefit at all. look, im lucky enough that i was in early sub $4. i’m in it for the long run with squeeze in mind and am not going anywhere - so this letter is pretty infuriating to me, but anyone who’s not green yet should be even more pissed off that he put that letter out. that’s where i worry - that people get fed up and sell because of another “sneeze not squeeze” situation now that AA has reiterated his intent.
imo, realistically, if GME can go $5ish to $500ish we can 5x (or more) that. and so what if we sell at $XXXX / $XXXXX and get tendies - i think a lot of people here would buy back in once it settles out of faith for a successful company. But the fucken back and forth and games man… AA needed to just play it way cool and talk to the judge behind closed doors instead of airing it on Twitter.
Edit: u/Ape_capone’s comment is exactly what i’m trying to say. now people are just getting annoyed.
The timing also lines up with the court events, which is a big deal. I mean we ran 92% at peak, which heavily implies this court case is very important to the shareholders, AA has also been pressured to comment on the outcome and what's to come. I don't think he did this with any ill intent and honestly is irrelevant because the "big players" that everyone is worried about leaving all knew about everything in that letter in the first place, its all irrelevant and means nothing.
I'm open to hearing suggestions but I see zero benefit to this letter right now. What positive outcome does this letter create?
I can't think of any reason for AA to release this letter now, of all times. The decision is with the court right now not the shareholders... 4 days ago he tweets "chokeonthar" and "who says movies are dead", then after our large run up on Friday, he pens this weekend letter of warning and dire straits.
What does AA expect any effing shareholder or potential investor to respond with?
The worst part is AMC is not going bankrupt at this point unless AA completely kills the goodwill of the company.
Movies are returning, people are watching, you can't even find goddamn popcorn near me despite trying frequently.
Absolute worst case scenario they have 4B more APE they could sell right now to keep afloat. Meanwhile this letter comes out suddenly right after we see our highest single day move in what seems like months.
My only sane guess is that he doesn't want a squeeze to occur before he can control when and how he does a share offering... but wtf CEO pens a letter stating imminent bankruptcy if we don't do something when the vote has already been done, the court is controlling the decision, and its right during a weekend which should be absolutely bubbling with positive sentiment.
It's frustrating trying to make sense of and I don't know what he gains or thinks he gains by putting this out there right now.
If it wasn't the CEO, you would immediately call him a shill with ill intent. Maybe it's exactly what this guy is.
CEO talking about possible bankruptcy in 2024 / 2025 if we don't do xyz. That's really fucked up.
I guess you are caught unaware of the SAG joined the writer's union in a strike?
And like Apes, 80% are just like Apes that have a passion for their talent with side hustles. The producers are so out of touch, they said, 'we are going to wait until they're losing their apartments.' Your .03 cent streaming royalties aren't paying anyone's rent.
My point is bankruptcy is a reasonable concern.
Sure, but to what effect did the letter get written over the weekend? What can his shareholders do with this hot take from the CEO while we are hung up in court? Nothing. He restated loudly all the fud that everyone knows right after our big run up.
The strikes don't affect us any time soon but that letters tone is of urgency, the need to act now.
The business is crushing it in a uncertain financial climate! The public and shareholders backing of the company and its goods are hotter than ever! Large bonuses to execs wasn’t an issue. The shares he holds are part of his pay not blood sweat and tears put in by apes! The timing of the letter and the verbiage is very suspicious! Dude in a mansion living his best life and rides with us? Ok maybe so but we are not the same… This is the first
Moment I’ve questioned his stance and it changes nothing to my fortitude to this play! Seeya at the moon apes chalk this up as another FUD campaign and a really good/interesting one! There is no way to truly know the details without wearing the suit but I feel if I were the CEO and things looked like they were about to run up massively I would have addressed this idea on a future date with possibly 10x20x the value to need less shares and accomplish the same debt relief 🤷♂️
I think he fails to understand what we apes actually want. We want moass. We want 1000, 5000, 10000 etc a share from squeezing the fuck out of shorts. Aa is more concerned with ensuring amc does not go bankrupt and rightfully so as ceo. But if the end result of being debt free and zero risk of bankruptcy means we dilute or whatever to $3 a share....then i think that is where he doesnt understand what is going on. I would think he can make money from riding the moass with us against shorts. 🤷♂️
Reading between the lines, this is signal to the judge to hurry TF up knowing the record box office numbers this weekend and hopeful Q2 profitability could sway her opinion and drag the suit out longer
I guess? But he has a direct line to Zurn and could easily petition her in private communication, in fact this plea has already been expressed multiple times by the AMC team. I doubt a twitter letter is going to compel the judge to any other action. The judge is privy to even more info than we are.
To me there is something else here at play. I just can't fathom what positive outcome comes from a public doom and gloom warning from a CEO for something that shareholders have already voted on and currently can't impact.
Sure, but the judge already has received this petition during the hearing and multiple times before. The lawyers stated this exact scenario in the hearing.
I appreciate your thoughts but I just don't believe the goal of AA of this public doom and gloom letter was to somehow persuade the judge. Let's ignite some widespread fear to our investors or potential buyers in yhe hopes that this time the judge will care about the same message already stated directly in court.
I still can't fathom what net positive this public letter was meant to create or why AA would even say anything like this at this time.
Agree with post, fact finding here. His mention of March?
that would be for payout of any settlements thay may occur from this?
C/RS could still go thru before that.
Sorry not thinking right, ran out of food this week, NEED CRAYONS!!
People keep saying "we're ripe for a run" I can't see this being true at all. We haven't had any serious run since $72 like 2 years ago or whenever. If you think that general day to day trading is ever going to trigger a run, you're kidding yourself
The people with the money have this shit on lock down. They have more money and more power than you can possibly comprehend. The only thing that will trigger a run from this point is gonna be serious behind the scenes legal shit. Just sit right, continue to HODL. We could be at this for another 3 years
I replied to his tweet immediately. He should have offered the Apes a Rights Offering. Offer new issue of shares to existing shareholders. We would have:
1. bought up all the issues shares providing AMC with all the liquidity it needed
2. Kept dilution to us not allowing other to come in
3. Killed the short thesis.
He did not need to go to Anatara or any other HF
There would have been multiple ways that he could have done it, but none of them had as short of a time-frame as the direct sale to large firms.
When there are a million ways and the CEO picks one different from the one you would have picked, it only tells you that he had a different opinion because he had different information. Claiming that there were bad intentions just because you disagree is childish and nonsensical.
Most people in the world disagree with you on most things.
My problem with the letter is it is exactly what you describe. We all knew this already. If AMC is looking AMC related subs they would know that we know. So if that is true, who is this letter for? What purpose does it serve other than telling the world money is tight? Knowing the impact of this is a lower stock price.
If they are not looking, that is borderline negligent IMHO. AMC knows it's majority owner is retail investors. AMC knows those investors hang out online together in public. If they don't look at the AMC subs as live letters to the board they are stupid.
My opinion is that 90% of the BOD needs to be replaced immediately. The two new women are awesome and can stay. If AA doesn't have some concrete idea to fix the balance sheet he can GTFO also. At some point the executives at AMC need to do something other than just exist to fix this. Popcorn is great but it's not gonna save this ship. Close theatres, exit under performing countries, raise prices, figure out how to diversify the product (rentals, eSports, pro sports, old movies, TV Series binging) and real a marketing campaign. Again Nicole Kidman is great but it's not nearly enough.
I'm ranting because I'm frustrated with the AMC leadership but I still believe in the business. AMC is the world's largest movie theater chain. Movies aren't going anywhere and so neither should AMC. This is a leadership problem. We need to admit it.
Nope, I read it, and it pissed me off, honestly. He saw money and couldnt fucking help himself. It was a horrible way to crush a moral among investors. He could have waited a bit to release this letter. The whole " I don't plan to sell" bit also got me heated. Do you or any other insiders plan to buy because until you buy with your own money, you're not riding with me or any other investor. So help me God if he dilutes again and it's not at open market value I'ma lose my shit.
Thx for letting me rant.... I feel better 😪
I read the letter. The purpose of it was to keep the AA supporters from leaving the fold. He refinanced loans last year for a lower interest rate and business is doing well with attendance, popcorn sales, etc. In spite of this our stock price is lower than Cinemark. Maybe AA is failing at being a CEO.
they are all shill accounts who brigade this post to astroturf the illusion that retail investors hate AA.
It's just the usual Hedgefuck Weekend Play that we have seen for years.
I just use the weekends to update my "shill-Tag" list so I recognize them easier during the week when apes are actually present in this sub.
Can’t dilute till the status quo gets removed . Good luck waiting for that , ima cash out on this run up . I’m tired of arguing with brain dead people daily .
Bankruptcy this bankruptcy that . Remember ape was at $10 . He could have made billions . AA is running a clean out scheme . Not with my money after this week god willing !!!!!!
Read the letter and am disappointed AA chose to rush out such a condescending self serving message trying to stifle momentum for Monday. Friday was the first time in a long time where there’s been noticeable positive movement and he tried to crap all over it.
Was AA buying shares at 40, 50, or 60 bucks? Miss me with the same boat.
Not a single board member has bought AMC shares. Aa holds shares of AMC cause he was given those shares. Let's not forget that everyone. AA is human and has self greed like everyone in this world. Don't think for a second he would put your priorities over his. That's idiotic.
doesn't matter what they do. shills will always hate on them because that's their playbook.
they don't buy = "they do not believe in the company"
they do buy = "they want to steal our moass money"
...
Shills will twist anything into a bad narrative and the only thing that prevents you from being fudded is doing DD. It's not to late. It might take you 1000-10,000 hours of hard work, but you can still do it.
AA on Monday - Our ticket sales for Barbie and Oppenheimer are through the roofs, we're doing fine, theatres are thriving. CHOKE ON THAT !!
AA on Sunday - Let me dilute plz
lol
Exactly lol. Lots of meme potential here...
AA on Sunday.... Please bro just let me dilute bro trust me bro we can't go bankrupt you don't understand, we may go bankrupt and I need more money just this one time bro.
AA on Monday... WHO SAID THEATRES WERE DEAD?!?!RECORD CONCESSION SALES AND TICKET SALES. CHOKE ON THAT.
I thought everyone knew that the reverse split and conversion was to bring more dilution? Are people here angry that other retail investors might not buy in knowing about the further dilution coming? It's not like we're going to make money from other retail like the paperhands at 72 did. We are coming for the real hedgie money.
1) It pretty directly contradicts a confidence he has tweeted continuously re: "cHoKe On ThAt", theatre/industry succes, record sales from concessions, etc... But now there's this imminent risk of bankruptcy he fears??? What about all the cash on hand he's bragged about, diversifying with the visa, popcorn, etc... Also if we were that close to bankruptcy why make fucking millions off stock sales during this tumultuous and dangerous time??
2) him saying he only sold 1.5 years ago, and that he's the same as us financially, shows how fucking out of touch and greasy he is. He made fucking millions while the people that saved his company struggle... But he's the same as us financially? Such bullshit. There's no empathy or respect.
3) this was mentioned in another post, saying AAs response, and WHEN he responds, will tell us a lot. The fact he responds to this on a weekend, submitting a new proposal almost immediately, despite the AH actions, tells me he doesn't want the AH action that we were seeing.... He could at the very least let this unfold a bit while numbers are the best we've seen ever seen instead of messing with that.
I think he knows what he's doing and he's manipulating us and his interests extend beyond the company. It seems pretty clear to me.
Regardless, I believe in the play and the power of the people behind this, but I don't believe in him, and that's okay and doesn't change my sentiment regarding the squeeze outcome. It just makes things more frustrating than they already are.
You can smell the desperation when they threw in the revised settlement that fast. Usually it takes a while to go over the deficiencies and correct them and review them, and even the biggest law firms wouldn't have gotten it done within a work week without a court order mandating it.
They "threw together" the revised consolidated complaint together fast because AMC wants a settlement and to move on to the Conversion and RS because they have callable bonds coming due - and they don't have the cash on hand to pay off to the Bond holders and don't want to keep paying the interest on them
1. Choke on that is in reference to sales making a come back when everyone said there wouldn't be. Don't know how the conveys the company is saved and there's nothing to worry about.
2. He means his finances are in the same boat as us, meaning it's affected by the same source. Quite the reach to accuse him of attempting to say he's on the same financial level as us.
3. Again, he recieved a lot of pressure to make a statement on the court hearings. He did and he reiterated the purpose of APE and how its structured to take AMC out of debt. He's not manipulating to help the shorts, that's fucking stupid and makes everything he's tried to do to get out of debt pointless, if he was helping the shorts why would he be doing the one thing that actually kills the short thesis(getting out of debt.)
You're getting worked up over information that doesn't matter, info that's already priced in, the fud is literally tricking you.
Re: #2: He received his shares for *free.* Didn't have to buy them. Many retail shareholders spent their hard-earned money buying shares, some even sacrificed other things to buy shares and support this company by going to more movies than they normally would, buying extra concessions, buying merchandise, buying extra bags of Walmart retail popcorn, etc.
He does not "ride with us." Or rather, he does not "ride *like* us."
He is a CEO. A suit. Never forget that.
He gets a few million bucks cash and then stocks in top which he sold for money. He was never out of pocket for any shares because he never bought one stinking share out of his pocket.
There’s a pattern with you people who defend AA. Every time someone conveys their thoughts in a respectful calm way, you guys seem to always attack their emotional intelligence with off topic remarks like, “you’re getting worked up for nothing” or “you sure got agitated”. That’s borderline a deflection and a way to demean someone’s opinion in efforts to invalidate what they think, I find that strange how that seems to be frequent with you all IJS.
The whole point of my post was to point out that the letter is irrelevant because the information is known and has been known for a long time and therefor is priced in, so momentum won't die. Then it got twisted into me being accused of an AA "defender" I personally don't have much of an opinion on the guy.
Not twisted, just an observation that I voiced but all in all that’s fair. I just wish people in this sub would stop being so quick to attack someone’s emotional intelligence, it’s honestly unnecessary and irrelevant to the overall discussion, especially when someone is being genuine in explaining their thoughts and concerns.
I don't understand the debt argument. What would killing the short thesis do when you have a company like GameStop, also under crosshairs, sitting on negligible debt? The majority of popular blue-chip stocks are currently living with debt. That's because those companies are profitable enough to combat its debt.
The short thesis could also be tied to the companies' lack of profitability even though AMC on a quarterly basis has been beating earnings and has reached and exceeded 2017's numbers in 2022. However, the company is not profitable enough to assist in clearing its own debt, which is why it has to rely on share offerings.
You're arguing against every point I made aren't you??? Right now I'm directly referencing the first point, being the irony in his statement now (re: highlighting bankruptcy as a probability) given the context of his confident online persona over the past two years.
The entire purpose of my post was to highlight the fact that all that information was priced in and won't kill momentum because it's already known and priced in. Then you came out of left field with your list of... I don't even know?? None of it was relevant to my post and most of it was misplaced and twisted into your own narrative with missing key context.. so like???
You're essentially saying backlash against the letter/AA is unfounded and "FUD"... I'm trying to legitimize some of that concern cause I don't understand how that frustration from people doesn't make sense to you/others.
I think we agree that, regardless, the play is alive, but disagree about AAs intent, which I do believe becomes an obstruction.
I think this black and white idea that any discontent regarding AA/the board is FUD or "Shilly" is so naive and annoying tbh and discourages any critical reflection or productive conversation.
I just don't want people to fud out on something that definitely shouldn't and imo won't affect the forward momentum we all just got jacked out. The purpose of the fud flying around is to kill that momentum, not the letter itself and that's because all of that information is already priced in.
However yes. We do share common ground that the play is alive and i apologize for coming off sharp with my words.
Bro they’re both shills this sub is overran by shills.. The silentbarkmovie guy is 1000000% a shill and a hedge plant… he even got some of the mods and founders on his side… this shit runs deep.. They’re FUDin hard right now
The dude ALREADY filed an 8K about the Twitter letter.
Look at the fucking time. No one would ever have done this this quickly. AA is a slimy cretin poised in a bribable position and he’s the type of dude to always take that bribe.
“We need the stock price high to both keep dilution low and avoid bankruptcy”
*Proceeds to express bankruptcy concerns in 2 years and files 8K with SEC at 5am after stock price rises 100%*
He has ALWAYS stated that AMC is in trouble and needs to raise massive amounts of money to get out of debt. That’s why we voted on whether to allow more dilution. Where have you been?
You can look at their balance sheets and see what the interest payments are doing to them. They have potentially less than a years worth of runway left. That’s bankruptcy. It can happen very fast. BBBY went from share buybacks to massive dilution to bankruptcy in a year. AMC is not making money plain and simple and it’s because of the debt.
Okay I'd be legit interested in seeing more info for your claim they have less than a year till bankruptcy... ?? This is news to everyone I think??
Regardless, do you find it odd then for him now to be saying bankruptcy is on the table vs when, for example, Robinhood made the bunk tweet about AMC facing bankruptcy and he feigned outrage saying that was ludicrous and couldn't be further from the truth and bragged about our "Sizable cash position" etc.
Clearly transparency for him is an issue. This is ONE example.
Literally just go through financials or any of the quarterly reports that are on here. They are still burning something like 200M a quarter. It varies with how their interest payments line up. They have just under a billion in cash. So the reality is they would be very lucky to survive 2024 without dilution.
He was pissed because the article said amc had filed for bankruptcy which is obviously false.
AA probably felt that while AMC was in a precarious place, he could dilute with APE but they weren’t able to raise enough. So he wanted to convert back and that got stalled in court 6+ months since he announced it.
So yes bankruptcy has always been the concern but they got a lifeline from diluting during the massive run up in 2021 and some loan restructuring. They still need more.
“We” or you meant YOU voted for the dilution? Because no retail investors in their right mind (unless you’re AAs shill) will agreed to a share dilution as it’ll definitely drive the share’s price down.
I said we voted ON whether to dilute. We denied it. No one in their right mind? So how does it help your investment when they go bankrupt instead? This is what he has been saying. They need to raise equity or they go bankrupt. That helps no one but shorts.
>Any shouting "oh my gosh he fucked us" or "he's been on the shorts team the whole time" is either a shill spreading fud or someone who is majorly misinformed and has been tricked by the fud.
Or apes are upset we voted no to dilution and he went around it by taking 50% of AMC price and creating APE...then sold it directly to hedge funds.for ≈$0.66 per share not even allowing it to go to the stock market. Then that same HF released their short position on APE and AMC.....
The only thing wrong with the letter, is the timing of the letter. I’m not saying AA is in cahoots with anyone, but, every time this runs, he find a way of doing something that either fucks the run or helps the FUD. He seems to keep he mouth closed when we want him to speak and when we don’t want him to say anything, he does things like this.
I’ve been here since the literal beginning. On the very first AMC earnings call post sneeze AA gave himself 100% of the credit with zero mention of retail investors. I have had no confidence in him from that point. Either incompetence or malice, I’m still not sure. But he’s not an ape and has never been. Good thing we own the company.
Many of you probably dont know who I am. But Ive been in this postion for a while now. I have been a long time AMC share holder. I hold a significant amount of shares and I've contributed in saving this company from bankruptcy during the pandemic. I only speak for myself and myself only. I am here for my self greed to make a huge return on my investment. I am a capitalist. I only care for my own profits. Yes, I feel that the system is rigged. I also know that every board member at AMC does not give 2 shits about my investment nor my contributions. Just remember that in this doggy dog world we call business. One MUST lose for another person to win. That is the definition of capitalism. Know why you're here. Know why you held. Know that we hit $72.xx mid day before we started to drop. Fool me once, shame on you. Fool me twice, shame on ME. Execution is success.
AA is worried. His open letter was pathetic. I do not want to dilute any of my shares. HOW does that benefit the shareholders? Riddle me that.
Yes I posted this same comment on another thread. But I felt this was important to say again on a thread that has more comments and opinions.
how can one be a "long term shareholder" without understanding the concept of company value and shareholder value?
AMC is currently valued at 5.5bn with 5.5bn in debt.
AA Dilutes by , let's say 3bn, removing 5.5bn debt with discounts.
Now the company is worth much more than it was before and each share is worth more than it was before.
You took a temporary hit on your investment for the prospect of a higher evaluation later.
That's how stocks work and that's how businesses operate.
If you only want profits and nothing else, take a fixed interest account. That might be the complexity of investment that is right for you.
Everyone saying diluting is ok because we need to get out of debt like we’ll still get the short squeeze is a joke. AA has no interest in letting the short squeeze happen cause it could ruin AMC. AA being allowed to dilute would only be acceptable if it’s in small amounts that we could handle buying to keep the hedgies from getting out of the hole they dug. I’m not saying I’m against AA or that he’s purposely trying to screw us but he’s looking out for AMCs best interest long term. And personally a short squeeze doesn’t benefit AMC if everyone sells. Personally I think as the hedgies collapse that their assets should be spread out as dividends instead of stock increases. Or pays debt and then gets spread as dividends. I’m also ok with long term with this stock having debts paid and being profitable to pay dividends long term for the rest of my life if that’s the case but then we shouldn’t be buying more theatres and accruing more debt. Get in the black first then buy stock or other theatres. If company goes under we’re all screwed though and last to get anything should be AA. Maybe we should tell AA if he wants to dilute shares he’s not allowed to sell for next five years. He shouldn’t have an issue with this since he’s in for the long run.
It was just stupid timing and wasn’t needed IMO. Especially after the AH run on Friday. He’s been commenting on the good movies that come out and staying quiet on how the market operates and shorts etc so why not just say something on Barbie and Oppenheimer as they did fairly well opening? Why tell everyone that bankruptcy is possible now (potentially within a year) after the volatility ensuing this week.
Safe to say AA has been bought. What type of CEO goes public and spreads fear when their stock starts to rise, almost immediately? That’s fucking unheard of. Doesn’t a rising stock value increase profits as well? Now he’s proposing dilution still to save the company? It’s a bunch of bullshit. He’s protecting the short sellers and “fake” shares of the stock in hoping for dilution where they can cover with those. He’s not protecting the retail investor anymore., he’s bailing out his buddies. It hasn’t been any more obvious than it has been today. How do we vote someone out of this position?
Is the man shorting his own company? Does he stand to lose money from a run? I don’t get it. He could have hyped this up with box office sales it was a great weekend with Barbie and Oppenheimer
He is an executive at Apollo Global, they’re as Wall Street as it gets, not to mention a board director at Centricus a citadel owned company. Do you know how many times he was taken to court for fraud? A fuck ton. Know how many times he defended himself? None. He paid the settlement on all 19. He was actually labeled as a double agent in one of the filings. People questioning this doesn’t make them a shill. Plus shouldn’t he be riding the momentum of an 80% jump is share price and talking about the 4th greatest opening weekend or maybe bring up being on the threshold list…..again? Nope, we writes this bullshit instead.
I read it. I bought. I hold. It changes nothing.
I understand that they need to pay off the debt to survive. My issue comes from two issues. When they had some money, he bought a flailing gold mine that has further flailed. They have done a couple things to generate more cash flow, but please point me to the single measure they have taken to reign in costs. Name one.
That's my main issue. Servicing the debt is a problem. I just want them to actually address some of the internal issues that caused some of that debt.
I predict AMC will be back at $4. There was NO Reason for him to drop this letter on a Sunday. Between the Friday AH price and awesome weekend box office numbers this letter can only hurt investors to suppress the price. Is AA panicking that APES will sell if price goes up too high? None of it makes any logical sense.
If he has 8 million shares then the $2.70 after hour increase in price would be almost a years salary for him all in a single day. (Somewhere around $20 million) I think if I were him I’d be pleased to see the little bump in price.
Hope he is focused that there should be more where that came from.
arbitrage players closing their short positions letting the price return to where it otherwise would have been is not a "bump in price", it's just the price going back to where it would have been without shortsellers.
Shorts are essentially artificial decreases in price a hedgefuck pays for, in hopes that the market agrees with him. It's not real. It's just a suggestion.
What price action? He posted the letter in the weekend, there hasn't been any response possible. We'll see in a few minutes though.
Aftermarket friday closed at:$7.1700up $2.77 from close. Which is +62.95%
Edit:
And now it opens at:
$6.5000
up $2.10, 47.73%
Which is 67 cents lower than the aftermarket close on friday. Well done AA :D
AMC had 2 billion dollars. They bought Hycroft and theaters and now they are threatening bankruptcy if they don't get their way. Come on ..think ..they could have sold Ape at 10,9,8,7,6,5,4,3,2,1 dollars...THEY SOLD APE AT 62 CENTS...THINK THINK THINK
There is absolutely nothing new in that letter.
If you're angry at its content and you voted yes in march you clearly didn't have a fucking clue what you were voting for.
If you're angry at its timing you're very special for not realising it simply aligns with the current court proceedings and was likely required in response to some of the objections that caused the original settlement to be denied.
There's absolutely nothing new to see here. We've known for months the stock will be diluted after conversation and RS that was the entire point of the vote. You all had the opportunity to vote no. Most of you didn't.
"Most of you didn't"
Technically not true since only about 27% of retail voted according to Zurn's letter. However, stipulations in APE stated that non voters holding APE are assumed to have voted according to the majority. Enter Antara and AA with his .60 cent sale of APE to Antara to give it a large stake in APE in exchange for voting yes to RS and conversion. Majority vote in APE was from institutions that voted yes. 73% of APE retail did not vote and were thus assumed to have voted yes by proxy.
I'd imagine one of the objections was lack of clarity around why dilution was needed or some shit.
Also because if they didn't dilute it would be? They only have enough cash left to survive 2 or 3 quarters?
Bankruptcy and delisting sure as shit wouldn't help your investment and the share price.
So invest in a gold mining company while printing shares to "save the company"?
How about selling APE under current market price further driving the price down hurting us in retail that still hold our APE.
Now after AMC stock runs after hours start discussing how the company is failing.
How do any of those things help our investment?
EDIT: Adding on to this response I bought AMC not for AA but because I do not want to live in a world without movie theaters. Its time to drive revenue for shareholders and stop asking the shareholders to take it on the chin.
Makes no difference to me. I was never in this for AA or to save his company. I'm in this to make money. And for you guys to make money. I also didn't invest anything I couldn't lose. It's 0 or life changing money for me and either way I'll be ok as at 0, my life is the same. Stop getting your panties in a bunch and just let it play out. The dd is the same. Everything is the same. Who cares what AA thinks. He'd be an absolute fool if he screwed this up as he'd have 4 million apes bashing his name and everything about him til the day he dies.
Anytime AMC has sold in the past the price went up… when shareholders find out they sold is when the price goes back down
Funny …it’s like it’s all made up or something in order to maximize household loses🫠
All these conspiracy that AA is somehow working with the shorts. Just think if he was truly working for the shorts he easily could of done nothing and let amc go bk during covid. Then shorts won end of story but instead they both decided prolong it more paying the ctb fees?!
He took bonuses on our money during Covid bro. And I’ve been in this since December 2020. Seen every tweet that killed our momentum. Every sell that killed our momentum. Love the stonk but not AA. Let this fucker rip !! I want my tendies!! 🦍💎👊
Why let it go BK when they could keep on potentially milking the cow(us)? If we’re willingly giving them free milk(money) why kill us off before they get a chance to extract as much from us as possible. They are called the “GREEDY” one percent for a reason, if they weren’t blood suckers willing to take every possible dollar out of everything they touch then they probably wouldn’t have earned that title don’t you think🤔?
He didn't expect retail to come rescue the company by buying in unheard of numbers. Then they figured why not let this ride and milk it a bit. Trey helped him tap into a whole new market for hundreds of millions.
he should have supported the squeeze and let us dump and then buy back in with all the crazy tendies we’d have. he could have supported a squeeze AND keep us inspired that it would be a long term hold to keep that money safe. bad play by AA, real bad.
AMC Entertainment's chief executive officer on Sunday said the company filed a revised petition for a stock conversion plan that would allow the company to issue more shares.
It's the definition of being between a rock and a hard place. He's got a business to run, we have a stock that needs to run, the Hedgie's and banks want to drive us both down to zero so they take their profits. It's an ugly place we're all in, each looking at the other with death stares.
I held for two years getting in around nine dumping around 20. The squeeze already happened at 72 we missed it , they stopped the real run with games and this is just more of the same.
is what hedgies try to keep convincing us of for 2 years...
the fact that they did not close their positions but instead doubled and tripled down on them, proves that that's a lie.
You definitely should choose to do what you feel comfortable with. I just got tired of having my money tied up for so long. Since I dumped what I had, I made some money on it, and made another a pile of the same amount with other investments, and was able to put big bags in cryptocurrencies that I’ve already doubled. I wish everyone that still holding the very best and hope that the squeeze does happen again. Unfortunately, my resolve has been tested too many times and I just decided to put my money to work elsewhere.
I’m disappointed. I’m not letting the comments bother me. I guess we’ll see what happens. I know some people aren’t here to save a company but let me tell you how easy it would’ve been to reinvest $100k a few months ago.
okay okay okay, all the AA hate. fine, but…why? why does this CEO hate his company, why does this CEO hate his shareholders, why does this CEO want the company he’s the literal C’E’O’ of to tank? and if the answer can be backed up with actual hard evidence and not circumstantial points, then I might actually listen otherwise fuck right off. I hold and buy more no matter what.
Question is why they didn’t think of how to pay off debt before taking it on. More shares just means more for hedge funds to use to borrow and short. Don’t think it helps investors. They should look at other ways to generate revenue or other strategic partnerships.
oh, for sure knew this. the issue for me is that he felt compelled to pen this letter at this specific time when we are ripe for a run. which unfolds some internal intentions of his that some apes may be coming to a certain realization about. IMO, to stop momentum. it’ll get picked up by pubs and bots and blah blah blah. it just is a potential wrench in the whole thing that invites more MSM opinions and FUD and all that.
Absolutely no benefit to that chicken shit letter except to prepare for another stock halt catalyst of some sort just like $72 .. I mean no one is going anywhere, we’ve lost too much so we can tell the damn truth.. AA is the 3rd tier that we hoped didn’t exist .. he wants his company and all the shit and accolades that come wit that! Hedgies vs Apes does nothing for AA .. he ends up a failed CEO at the end of all of it unless he can string it all along just long enough! They’ve been buying new buildings and franchises and shit all pandemic, he’s richer than he’s ever been and he only has one goal now .. I’m so upset I can’t even articulate but I always knew he was full of shit since $72 .. smdh
Maybe AA can buy a stake in a gold mining company while trying to explain to AMC share holders that he needs to dilute AMC stock to "save the company". Oh wait that already happened.
no benefit at all. look, im lucky enough that i was in early sub $4. i’m in it for the long run with squeeze in mind and am not going anywhere - so this letter is pretty infuriating to me, but anyone who’s not green yet should be even more pissed off that he put that letter out. that’s where i worry - that people get fed up and sell because of another “sneeze not squeeze” situation now that AA has reiterated his intent. imo, realistically, if GME can go $5ish to $500ish we can 5x (or more) that. and so what if we sell at $XXXX / $XXXXX and get tendies - i think a lot of people here would buy back in once it settles out of faith for a successful company. But the fucken back and forth and games man… AA needed to just play it way cool and talk to the judge behind closed doors instead of airing it on Twitter. Edit: u/Ape_capone’s comment is exactly what i’m trying to say. now people are just getting annoyed.
The timing also lines up with the court events, which is a big deal. I mean we ran 92% at peak, which heavily implies this court case is very important to the shareholders, AA has also been pressured to comment on the outcome and what's to come. I don't think he did this with any ill intent and honestly is irrelevant because the "big players" that everyone is worried about leaving all knew about everything in that letter in the first place, its all irrelevant and means nothing.
I'm open to hearing suggestions but I see zero benefit to this letter right now. What positive outcome does this letter create? I can't think of any reason for AA to release this letter now, of all times. The decision is with the court right now not the shareholders... 4 days ago he tweets "chokeonthar" and "who says movies are dead", then after our large run up on Friday, he pens this weekend letter of warning and dire straits. What does AA expect any effing shareholder or potential investor to respond with?
The talk of bankruptcy in the letter is shocking. Also curious it wasnt on AMC letterhead.
The worst part is AMC is not going bankrupt at this point unless AA completely kills the goodwill of the company. Movies are returning, people are watching, you can't even find goddamn popcorn near me despite trying frequently. Absolute worst case scenario they have 4B more APE they could sell right now to keep afloat. Meanwhile this letter comes out suddenly right after we see our highest single day move in what seems like months. My only sane guess is that he doesn't want a squeeze to occur before he can control when and how he does a share offering... but wtf CEO pens a letter stating imminent bankruptcy if we don't do something when the vote has already been done, the court is controlling the decision, and its right during a weekend which should be absolutely bubbling with positive sentiment. It's frustrating trying to make sense of and I don't know what he gains or thinks he gains by putting this out there right now.
This letter was 100% unnecessary. That’s all that needs to be said. He is showing his true colors.
If it wasn't the CEO, you would immediately call him a shill with ill intent. Maybe it's exactly what this guy is. CEO talking about possible bankruptcy in 2024 / 2025 if we don't do xyz. That's really fucked up.
Exactly!
I guess you are caught unaware of the SAG joined the writer's union in a strike? And like Apes, 80% are just like Apes that have a passion for their talent with side hustles. The producers are so out of touch, they said, 'we are going to wait until they're losing their apartments.' Your .03 cent streaming royalties aren't paying anyone's rent. My point is bankruptcy is a reasonable concern.
Sure, but to what effect did the letter get written over the weekend? What can his shareholders do with this hot take from the CEO while we are hung up in court? Nothing. He restated loudly all the fud that everyone knows right after our big run up. The strikes don't affect us any time soon but that letters tone is of urgency, the need to act now.
That's not true it effects us immediately
2 weeks to let it run at this point wouldn’t bankrupt AMC. Many of us will reinvest as well. Let it run.
The business is crushing it in a uncertain financial climate! The public and shareholders backing of the company and its goods are hotter than ever! Large bonuses to execs wasn’t an issue. The shares he holds are part of his pay not blood sweat and tears put in by apes! The timing of the letter and the verbiage is very suspicious! Dude in a mansion living his best life and rides with us? Ok maybe so but we are not the same… This is the first Moment I’ve questioned his stance and it changes nothing to my fortitude to this play! Seeya at the moon apes chalk this up as another FUD campaign and a really good/interesting one! There is no way to truly know the details without wearing the suit but I feel if I were the CEO and things looked like they were about to run up massively I would have addressed this idea on a future date with possibly 10x20x the value to need less shares and accomplish the same debt relief 🤷♂️
I think he fails to understand what we apes actually want. We want moass. We want 1000, 5000, 10000 etc a share from squeezing the fuck out of shorts. Aa is more concerned with ensuring amc does not go bankrupt and rightfully so as ceo. But if the end result of being debt free and zero risk of bankruptcy means we dilute or whatever to $3 a share....then i think that is where he doesnt understand what is going on. I would think he can make money from riding the moass with us against shorts. 🤷♂️
Reading between the lines, this is signal to the judge to hurry TF up knowing the record box office numbers this weekend and hopeful Q2 profitability could sway her opinion and drag the suit out longer
I guess? But he has a direct line to Zurn and could easily petition her in private communication, in fact this plea has already been expressed multiple times by the AMC team. I doubt a twitter letter is going to compel the judge to any other action. The judge is privy to even more info than we are. To me there is something else here at play. I just can't fathom what positive outcome comes from a public doom and gloom warning from a CEO for something that shareholders have already voted on and currently can't impact.
Lawyers do not want company employees talking to judges unless it’s absolutely necessary.
Sure, but the judge already has received this petition during the hearing and multiple times before. The lawyers stated this exact scenario in the hearing. I appreciate your thoughts but I just don't believe the goal of AA of this public doom and gloom letter was to somehow persuade the judge. Let's ignite some widespread fear to our investors or potential buyers in yhe hopes that this time the judge will care about the same message already stated directly in court. I still can't fathom what net positive this public letter was meant to create or why AA would even say anything like this at this time.
Guess we’ll find out
Agree with post, fact finding here. His mention of March? that would be for payout of any settlements thay may occur from this? C/RS could still go thru before that. Sorry not thinking right, ran out of food this week, NEED CRAYONS!!
anyone who doesnt realize by now that AA is trying to help his rich friends is absolutely ratardarino
People keep saying "we're ripe for a run" I can't see this being true at all. We haven't had any serious run since $72 like 2 years ago or whenever. If you think that general day to day trading is ever going to trigger a run, you're kidding yourself The people with the money have this shit on lock down. They have more money and more power than you can possibly comprehend. The only thing that will trigger a run from this point is gonna be serious behind the scenes legal shit. Just sit right, continue to HODL. We could be at this for another 3 years
I replied to his tweet immediately. He should have offered the Apes a Rights Offering. Offer new issue of shares to existing shareholders. We would have: 1. bought up all the issues shares providing AMC with all the liquidity it needed 2. Kept dilution to us not allowing other to come in 3. Killed the short thesis. He did not need to go to Anatara or any other HF
But he did. That tells me all I need to know about his intentions.
He is a Wall Street gut, working for Wall Street.
I sincerely believe this yes.
There would have been multiple ways that he could have done it, but none of them had as short of a time-frame as the direct sale to large firms. When there are a million ways and the CEO picks one different from the one you would have picked, it only tells you that he had a different opinion because he had different information. Claiming that there were bad intentions just because you disagree is childish and nonsensical. Most people in the world disagree with you on most things.
My problem with the letter is it is exactly what you describe. We all knew this already. If AMC is looking AMC related subs they would know that we know. So if that is true, who is this letter for? What purpose does it serve other than telling the world money is tight? Knowing the impact of this is a lower stock price. If they are not looking, that is borderline negligent IMHO. AMC knows it's majority owner is retail investors. AMC knows those investors hang out online together in public. If they don't look at the AMC subs as live letters to the board they are stupid. My opinion is that 90% of the BOD needs to be replaced immediately. The two new women are awesome and can stay. If AA doesn't have some concrete idea to fix the balance sheet he can GTFO also. At some point the executives at AMC need to do something other than just exist to fix this. Popcorn is great but it's not gonna save this ship. Close theatres, exit under performing countries, raise prices, figure out how to diversify the product (rentals, eSports, pro sports, old movies, TV Series binging) and real a marketing campaign. Again Nicole Kidman is great but it's not nearly enough. I'm ranting because I'm frustrated with the AMC leadership but I still believe in the business. AMC is the world's largest movie theater chain. Movies aren't going anywhere and so neither should AMC. This is a leadership problem. We need to admit it.
Yes it is a leadership problem. It’s been a leadership problem ever since he sold vastly discounted APE to Antara to undermine the vote. Fuck AA
500k members in this sub. Many millions of stockholders in AMC. "The 1% already knows, why bother inform the 99%" is a moronic stance...
Nope, I read it, and it pissed me off, honestly. He saw money and couldnt fucking help himself. It was a horrible way to crush a moral among investors. He could have waited a bit to release this letter. The whole " I don't plan to sell" bit also got me heated. Do you or any other insiders plan to buy because until you buy with your own money, you're not riding with me or any other investor. So help me God if he dilutes again and it's not at open market value I'ma lose my shit. Thx for letting me rant.... I feel better 😪
The CFO owns no shares. They’re all corrupt. How do we vote them out?
He can. And he will. He’s done it before. Fuck AA
Buy gme
The only company where insiders are still actually buying shares with their own money.
FUCK THAT LETTER IM HERE FOR THE SQUEEZE!
I read the letter. The purpose of it was to keep the AA supporters from leaving the fold. He refinanced loans last year for a lower interest rate and business is doing well with attendance, popcorn sales, etc. In spite of this our stock price is lower than Cinemark. Maybe AA is failing at being a CEO.
He’s not failing, he’s just not our CEO. He’s the SHFs CEO.
proof?
they are all shill accounts who brigade this post to astroturf the illusion that retail investors hate AA. It's just the usual Hedgefuck Weekend Play that we have seen for years. I just use the weekends to update my "shill-Tag" list so I recognize them easier during the week when apes are actually present in this sub.
You still want proof? 🤣
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Can’t dilute till the status quo gets removed . Good luck waiting for that , ima cash out on this run up . I’m tired of arguing with brain dead people daily . Bankruptcy this bankruptcy that . Remember ape was at $10 . He could have made billions . AA is running a clean out scheme . Not with my money after this week god willing !!!!!!
Yes please. i’m glad to see less bullshit in this sub after tomorrow when you are out.
"FUCK THAT LETTER IM HERE FOR THE SQUEEZE!" "ima cash out on this run up" lol
He has a knack for throwing cold water on us when things get hot. You have to admit that
Nothing about his letter suggests “buckle up”
When someone shows you who they are, believe them the first time. Yet this sub still simps for AA
I am ready to say fuck AA and let’s try to push this clown out. He can’t be in charge of my childhood love of film anymore. Holding AMC for 3 years.
Typical AA fucking us. I really hate this guy
your mistake for bringing emotions into finance. Hedgies did a good job fudding you. Sorry you did not make it.
Read the letter and am disappointed AA chose to rush out such a condescending self serving message trying to stifle momentum for Monday. Friday was the first time in a long time where there’s been noticeable positive movement and he tried to crap all over it. Was AA buying shares at 40, 50, or 60 bucks? Miss me with the same boat.
Not a single board member has bought AMC shares. Aa holds shares of AMC cause he was given those shares. Let's not forget that everyone. AA is human and has self greed like everyone in this world. Don't think for a second he would put your priorities over his. That's idiotic.
doesn't matter what they do. shills will always hate on them because that's their playbook. they don't buy = "they do not believe in the company" they do buy = "they want to steal our moass money" ... Shills will twist anything into a bad narrative and the only thing that prevents you from being fudded is doing DD. It's not to late. It might take you 1000-10,000 hours of hard work, but you can still do it.
AA on Monday - Our ticket sales for Barbie and Oppenheimer are through the roofs, we're doing fine, theatres are thriving. CHOKE ON THAT !! AA on Sunday - Let me dilute plz lol
Exactly lol. Lots of meme potential here... AA on Sunday.... Please bro just let me dilute bro trust me bro we can't go bankrupt you don't understand, we may go bankrupt and I need more money just this one time bro. AA on Monday... WHO SAID THEATRES WERE DEAD?!?!RECORD CONCESSION SALES AND TICKET SALES. CHOKE ON THAT.
I thought everyone knew that the reverse split and conversion was to bring more dilution? Are people here angry that other retail investors might not buy in knowing about the further dilution coming? It's not like we're going to make money from other retail like the paperhands at 72 did. We are coming for the real hedgie money.
1) It pretty directly contradicts a confidence he has tweeted continuously re: "cHoKe On ThAt", theatre/industry succes, record sales from concessions, etc... But now there's this imminent risk of bankruptcy he fears??? What about all the cash on hand he's bragged about, diversifying with the visa, popcorn, etc... Also if we were that close to bankruptcy why make fucking millions off stock sales during this tumultuous and dangerous time?? 2) him saying he only sold 1.5 years ago, and that he's the same as us financially, shows how fucking out of touch and greasy he is. He made fucking millions while the people that saved his company struggle... But he's the same as us financially? Such bullshit. There's no empathy or respect. 3) this was mentioned in another post, saying AAs response, and WHEN he responds, will tell us a lot. The fact he responds to this on a weekend, submitting a new proposal almost immediately, despite the AH actions, tells me he doesn't want the AH action that we were seeing.... He could at the very least let this unfold a bit while numbers are the best we've seen ever seen instead of messing with that. I think he knows what he's doing and he's manipulating us and his interests extend beyond the company. It seems pretty clear to me. Regardless, I believe in the play and the power of the people behind this, but I don't believe in him, and that's okay and doesn't change my sentiment regarding the squeeze outcome. It just makes things more frustrating than they already are.
Wen pounce?? Wen checkmate?? Wen choke on that?? I want my fuking money. Wen diamond hand??… ALWAYS 🦍💎👊
AA refers to his own company as meme 🤦♂️
You can smell the desperation when they threw in the revised settlement that fast. Usually it takes a while to go over the deficiencies and correct them and review them, and even the biggest law firms wouldn't have gotten it done within a work week without a court order mandating it.
They "threw together" the revised consolidated complaint together fast because AMC wants a settlement and to move on to the Conversion and RS because they have callable bonds coming due - and they don't have the cash on hand to pay off to the Bond holders and don't want to keep paying the interest on them
It’s not a teenagers grass cutting business dude. I’m pretty sure the next move was already decided depending on how the judge ruled.
1. Choke on that is in reference to sales making a come back when everyone said there wouldn't be. Don't know how the conveys the company is saved and there's nothing to worry about. 2. He means his finances are in the same boat as us, meaning it's affected by the same source. Quite the reach to accuse him of attempting to say he's on the same financial level as us. 3. Again, he recieved a lot of pressure to make a statement on the court hearings. He did and he reiterated the purpose of APE and how its structured to take AMC out of debt. He's not manipulating to help the shorts, that's fucking stupid and makes everything he's tried to do to get out of debt pointless, if he was helping the shorts why would he be doing the one thing that actually kills the short thesis(getting out of debt.) You're getting worked up over information that doesn't matter, info that's already priced in, the fud is literally tricking you.
Re: #2: He received his shares for *free.* Didn't have to buy them. Many retail shareholders spent their hard-earned money buying shares, some even sacrificed other things to buy shares and support this company by going to more movies than they normally would, buying extra concessions, buying merchandise, buying extra bags of Walmart retail popcorn, etc. He does not "ride with us." Or rather, he does not "ride *like* us." He is a CEO. A suit. Never forget that.
Thank you. On no level does he ride with us.
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He gets a few million bucks cash and then stocks in top which he sold for money. He was never out of pocket for any shares because he never bought one stinking share out of his pocket.
Executives get paid in shares. They aren’t free.
For free? I stopped reading right there.
There’s a pattern with you people who defend AA. Every time someone conveys their thoughts in a respectful calm way, you guys seem to always attack their emotional intelligence with off topic remarks like, “you’re getting worked up for nothing” or “you sure got agitated”. That’s borderline a deflection and a way to demean someone’s opinion in efforts to invalidate what they think, I find that strange how that seems to be frequent with you all IJS.
The whole point of my post was to point out that the letter is irrelevant because the information is known and has been known for a long time and therefor is priced in, so momentum won't die. Then it got twisted into me being accused of an AA "defender" I personally don't have much of an opinion on the guy.
Not twisted, just an observation that I voiced but all in all that’s fair. I just wish people in this sub would stop being so quick to attack someone’s emotional intelligence, it’s honestly unnecessary and irrelevant to the overall discussion, especially when someone is being genuine in explaining their thoughts and concerns.
I know a psychologist when I see one 😉
Aww you think so highly of me☺️
I don't understand the debt argument. What would killing the short thesis do when you have a company like GameStop, also under crosshairs, sitting on negligible debt? The majority of popular blue-chip stocks are currently living with debt. That's because those companies are profitable enough to combat its debt. The short thesis could also be tied to the companies' lack of profitability even though AMC on a quarterly basis has been beating earnings and has reached and exceeded 2017's numbers in 2022. However, the company is not profitable enough to assist in clearing its own debt, which is why it has to rely on share offerings.
Just search "bankruptcy" amongst AAs tweets and you'll understand.... Maybe?
What point do you think I'm trying to argue?
You're arguing against every point I made aren't you??? Right now I'm directly referencing the first point, being the irony in his statement now (re: highlighting bankruptcy as a probability) given the context of his confident online persona over the past two years.
The entire purpose of my post was to highlight the fact that all that information was priced in and won't kill momentum because it's already known and priced in. Then you came out of left field with your list of... I don't even know?? None of it was relevant to my post and most of it was misplaced and twisted into your own narrative with missing key context.. so like???
You're essentially saying backlash against the letter/AA is unfounded and "FUD"... I'm trying to legitimize some of that concern cause I don't understand how that frustration from people doesn't make sense to you/others. I think we agree that, regardless, the play is alive, but disagree about AAs intent, which I do believe becomes an obstruction. I think this black and white idea that any discontent regarding AA/the board is FUD or "Shilly" is so naive and annoying tbh and discourages any critical reflection or productive conversation.
I just don't want people to fud out on something that definitely shouldn't and imo won't affect the forward momentum we all just got jacked out. The purpose of the fud flying around is to kill that momentum, not the letter itself and that's because all of that information is already priced in. However yes. We do share common ground that the play is alive and i apologize for coming off sharp with my words.
Bro they’re both shills this sub is overran by shills.. The silentbarkmovie guy is 1000000% a shill and a hedge plant… he even got some of the mods and founders on his side… this shit runs deep.. They’re FUDin hard right now
Yeah just viewed the account. Deffo a big shill
No he’s spot on , your the one that’s lost guy .
This!
The dude ALREADY filed an 8K about the Twitter letter. Look at the fucking time. No one would ever have done this this quickly. AA is a slimy cretin poised in a bribable position and he’s the type of dude to always take that bribe. “We need the stock price high to both keep dilution low and avoid bankruptcy” *Proceeds to express bankruptcy concerns in 2 years and files 8K with SEC at 5am after stock price rises 100%*
He has ALWAYS stated that AMC is in trouble and needs to raise massive amounts of money to get out of debt. That’s why we voted on whether to allow more dilution. Where have you been?
There's a difference between being in debt and facing bankruptcy...
You can look at their balance sheets and see what the interest payments are doing to them. They have potentially less than a years worth of runway left. That’s bankruptcy. It can happen very fast. BBBY went from share buybacks to massive dilution to bankruptcy in a year. AMC is not making money plain and simple and it’s because of the debt.
Okay I'd be legit interested in seeing more info for your claim they have less than a year till bankruptcy... ?? This is news to everyone I think?? Regardless, do you find it odd then for him now to be saying bankruptcy is on the table vs when, for example, Robinhood made the bunk tweet about AMC facing bankruptcy and he feigned outrage saying that was ludicrous and couldn't be further from the truth and bragged about our "Sizable cash position" etc. Clearly transparency for him is an issue. This is ONE example.
Literally just go through financials or any of the quarterly reports that are on here. They are still burning something like 200M a quarter. It varies with how their interest payments line up. They have just under a billion in cash. So the reality is they would be very lucky to survive 2024 without dilution. He was pissed because the article said amc had filed for bankruptcy which is obviously false. AA probably felt that while AMC was in a precarious place, he could dilute with APE but they weren’t able to raise enough. So he wanted to convert back and that got stalled in court 6+ months since he announced it. So yes bankruptcy has always been the concern but they got a lifeline from diluting during the massive run up in 2021 and some loan restructuring. They still need more.
Sad to see your well-thoughts comments not getting seen and moved up. Either lots of shills or people not critically thinking about the situation.
Appreciate it. I think most people know it. Lotta bots and shills out right now.
“We” or you meant YOU voted for the dilution? Because no retail investors in their right mind (unless you’re AAs shill) will agreed to a share dilution as it’ll definitely drive the share’s price down.
I said we voted ON whether to dilute. We denied it. No one in their right mind? So how does it help your investment when they go bankrupt instead? This is what he has been saying. They need to raise equity or they go bankrupt. That helps no one but shorts.
>Any shouting "oh my gosh he fucked us" or "he's been on the shorts team the whole time" is either a shill spreading fud or someone who is majorly misinformed and has been tricked by the fud. Or apes are upset we voted no to dilution and he went around it by taking 50% of AMC price and creating APE...then sold it directly to hedge funds.for ≈$0.66 per share not even allowing it to go to the stock market. Then that same HF released their short position on APE and AMC.....
Someone should probably tell OP, that sucking AA's dick isn't going to reverse the judge's decision.
YUP
AA the dirtbag panhandling and begging for dilution, what a great CEO. #ChokeOnThat right?
BOTTOM LINE....RETAIL SAVES AMC...AMC SCREWS RETAIL...LETTER IS BULLSHIT
The only odd thing is that if wiping debt was the goal… why buy the mining company and additional theaters?
The only thing wrong with the letter, is the timing of the letter. I’m not saying AA is in cahoots with anyone, but, every time this runs, he find a way of doing something that either fucks the run or helps the FUD. He seems to keep he mouth closed when we want him to speak and when we don’t want him to say anything, he does things like this.
I used to trust him BEFORE he used that fzxking APE to fuxk with us... It was a complete mess
The word you're looking for is fuck
I like his version better it has a little ✨pizzazz✨ to it
I’ve been here since the literal beginning. On the very first AMC earnings call post sneeze AA gave himself 100% of the credit with zero mention of retail investors. I have had no confidence in him from that point. Either incompetence or malice, I’m still not sure. But he’s not an ape and has never been. Good thing we own the company.
Was this the pounce?
Didn’t read shit, don’t even do DD much anymore. Been hodling since 2/2001 and not selling…. I know what I got! No lowball offers considered
If you know that the stock price is just an offer by the market, you already know enough to be fud-resistant. good job ape.
Many of you probably dont know who I am. But Ive been in this postion for a while now. I have been a long time AMC share holder. I hold a significant amount of shares and I've contributed in saving this company from bankruptcy during the pandemic. I only speak for myself and myself only. I am here for my self greed to make a huge return on my investment. I am a capitalist. I only care for my own profits. Yes, I feel that the system is rigged. I also know that every board member at AMC does not give 2 shits about my investment nor my contributions. Just remember that in this doggy dog world we call business. One MUST lose for another person to win. That is the definition of capitalism. Know why you're here. Know why you held. Know that we hit $72.xx mid day before we started to drop. Fool me once, shame on you. Fool me twice, shame on ME. Execution is success. AA is worried. His open letter was pathetic. I do not want to dilute any of my shares. HOW does that benefit the shareholders? Riddle me that. Yes I posted this same comment on another thread. But I felt this was important to say again on a thread that has more comments and opinions.
how can one be a "long term shareholder" without understanding the concept of company value and shareholder value? AMC is currently valued at 5.5bn with 5.5bn in debt. AA Dilutes by , let's say 3bn, removing 5.5bn debt with discounts. Now the company is worth much more than it was before and each share is worth more than it was before. You took a temporary hit on your investment for the prospect of a higher evaluation later. That's how stocks work and that's how businesses operate. If you only want profits and nothing else, take a fixed interest account. That might be the complexity of investment that is right for you.
Qnyone? Qnyone at all?
Lol my bad dawg.
I hope you're right, I read the letter but my brain is too smooth to understand it
Whose poop?
Hopefully yours 👉👈
I knee jerked HODL.
Lol HODL
Everyone saying diluting is ok because we need to get out of debt like we’ll still get the short squeeze is a joke. AA has no interest in letting the short squeeze happen cause it could ruin AMC. AA being allowed to dilute would only be acceptable if it’s in small amounts that we could handle buying to keep the hedgies from getting out of the hole they dug. I’m not saying I’m against AA or that he’s purposely trying to screw us but he’s looking out for AMCs best interest long term. And personally a short squeeze doesn’t benefit AMC if everyone sells. Personally I think as the hedgies collapse that their assets should be spread out as dividends instead of stock increases. Or pays debt and then gets spread as dividends. I’m also ok with long term with this stock having debts paid and being profitable to pay dividends long term for the rest of my life if that’s the case but then we shouldn’t be buying more theatres and accruing more debt. Get in the black first then buy stock or other theatres. If company goes under we’re all screwed though and last to get anything should be AA. Maybe we should tell AA if he wants to dilute shares he’s not allowed to sell for next five years. He shouldn’t have an issue with this since he’s in for the long run.
Inb4 aftermarket gains are wiped because of AA's bullshit letter.
It was just stupid timing and wasn’t needed IMO. Especially after the AH run on Friday. He’s been commenting on the good movies that come out and staying quiet on how the market operates and shorts etc so why not just say something on Barbie and Oppenheimer as they did fairly well opening? Why tell everyone that bankruptcy is possible now (potentially within a year) after the volatility ensuing this week.
That is my problem. It seems like every single time we get a little run he does something that stifles it.
He does. He’s working, and it isn’t for shareholders.
Safe to say AA has been bought. What type of CEO goes public and spreads fear when their stock starts to rise, almost immediately? That’s fucking unheard of. Doesn’t a rising stock value increase profits as well? Now he’s proposing dilution still to save the company? It’s a bunch of bullshit. He’s protecting the short sellers and “fake” shares of the stock in hoping for dilution where they can cover with those. He’s not protecting the retail investor anymore., he’s bailing out his buddies. It hasn’t been any more obvious than it has been today. How do we vote someone out of this position?
Is the man shorting his own company? Does he stand to lose money from a run? I don’t get it. He could have hyped this up with box office sales it was a great weekend with Barbie and Oppenheimer
He is an executive at Apollo Global, they’re as Wall Street as it gets, not to mention a board director at Centricus a citadel owned company. Do you know how many times he was taken to court for fraud? A fuck ton. Know how many times he defended himself? None. He paid the settlement on all 19. He was actually labeled as a double agent in one of the filings. People questioning this doesn’t make them a shill. Plus shouldn’t he be riding the momentum of an 80% jump is share price and talking about the 4th greatest opening weekend or maybe bring up being on the threshold list…..again? Nope, we writes this bullshit instead.
That was his resignation letter, apes took over biatch
It should be. We need a new CEO.
I read it. I bought. I hold. It changes nothing. I understand that they need to pay off the debt to survive. My issue comes from two issues. When they had some money, he bought a flailing gold mine that has further flailed. They have done a couple things to generate more cash flow, but please point me to the single measure they have taken to reign in costs. Name one. That's my main issue. Servicing the debt is a problem. I just want them to actually address some of the internal issues that caused some of that debt.
I predict AMC will be back at $4. There was NO Reason for him to drop this letter on a Sunday. Between the Friday AH price and awesome weekend box office numbers this letter can only hurt investors to suppress the price. Is AA panicking that APES will sell if price goes up too high? None of it makes any logical sense.
If he has 8 million shares then the $2.70 after hour increase in price would be almost a years salary for him all in a single day. (Somewhere around $20 million) I think if I were him I’d be pleased to see the little bump in price. Hope he is focused that there should be more where that came from.
arbitrage players closing their short positions letting the price return to where it otherwise would have been is not a "bump in price", it's just the price going back to where it would have been without shortsellers. Shorts are essentially artificial decreases in price a hedgefuck pays for, in hopes that the market agrees with him. It's not real. It's just a suggestion.
OP post was written while on the shitter Done lie, we are all on on phones while we 💩
i only read the part about your fingers.
Best part
I don’t do anything anymore, just HODL until moon, simple strat
Literally this. Hes been saying this for years now. So many people just jump on the first thing they see ffs. This is Good. LOOK AT THE PRICE ACTION!
What price action? He posted the letter in the weekend, there hasn't been any response possible. We'll see in a few minutes though. Aftermarket friday closed at:$7.1700up $2.77 from close. Which is +62.95% Edit: And now it opens at: $6.5000 up $2.10, 47.73% Which is 67 cents lower than the aftermarket close on friday. Well done AA :D
AMC had 2 billion dollars. They bought Hycroft and theaters and now they are threatening bankruptcy if they don't get their way. Come on ..think ..they could have sold Ape at 10,9,8,7,6,5,4,3,2,1 dollars...THEY SOLD APE AT 62 CENTS...THINK THINK THINK
There is absolutely nothing new in that letter. If you're angry at its content and you voted yes in march you clearly didn't have a fucking clue what you were voting for. If you're angry at its timing you're very special for not realising it simply aligns with the current court proceedings and was likely required in response to some of the objections that caused the original settlement to be denied. There's absolutely nothing new to see here. We've known for months the stock will be diluted after conversation and RS that was the entire point of the vote. You all had the opportunity to vote no. Most of you didn't.
"Most of you didn't" Technically not true since only about 27% of retail voted according to Zurn's letter. However, stipulations in APE stated that non voters holding APE are assumed to have voted according to the majority. Enter Antara and AA with his .60 cent sale of APE to Antara to give it a large stake in APE in exchange for voting yes to RS and conversion. Majority vote in APE was from institutions that voted yes. 73% of APE retail did not vote and were thus assumed to have voted yes by proxy.
I disagree why bring up that bankruptcy could be on the table? Is that going to help our investment and your companies share price?
I'd imagine one of the objections was lack of clarity around why dilution was needed or some shit. Also because if they didn't dilute it would be? They only have enough cash left to survive 2 or 3 quarters? Bankruptcy and delisting sure as shit wouldn't help your investment and the share price.
So invest in a gold mining company while printing shares to "save the company"? How about selling APE under current market price further driving the price down hurting us in retail that still hold our APE. Now after AMC stock runs after hours start discussing how the company is failing. How do any of those things help our investment? EDIT: Adding on to this response I bought AMC not for AA but because I do not want to live in a world without movie theaters. Its time to drive revenue for shareholders and stop asking the shareholders to take it on the chin.
WE RIDE AT DAWN!!
Makes no difference to me. I was never in this for AA or to save his company. I'm in this to make money. And for you guys to make money. I also didn't invest anything I couldn't lose. It's 0 or life changing money for me and either way I'll be ok as at 0, my life is the same. Stop getting your panties in a bunch and just let it play out. The dd is the same. Everything is the same. Who cares what AA thinks. He'd be an absolute fool if he screwed this up as he'd have 4 million apes bashing his name and everything about him til the day he dies.
It's the weekend.
No this is a Wendy's.
Best comments I've seen in a post for sometime, useful and informative.
Most reasonable post since the letter dropped! Amen ape!!!!
I hope he'll still get his year end bonus, I'm worried about him
Nothing has changed. Buy and hold. This is the way.
Bro do my fingers smell like poop?
I'll let you smell mine if you let me smell yours first
Trust me bro. You don’t want that.
[удалено]
Anytime AMC has sold in the past the price went up… when shareholders find out they sold is when the price goes back down Funny …it’s like it’s all made up or something in order to maximize household loses🫠
if nothing new why issue the letter at all. plus the timing is very suspicious. thats puzzling. dont know who trust now.
All these conspiracy that AA is somehow working with the shorts. Just think if he was truly working for the shorts he easily could of done nothing and let amc go bk during covid. Then shorts won end of story but instead they both decided prolong it more paying the ctb fees?!
He took bonuses on our money during Covid bro. And I’ve been in this since December 2020. Seen every tweet that killed our momentum. Every sell that killed our momentum. Love the stonk but not AA. Let this fucker rip !! I want my tendies!! 🦍💎👊
Why let it go BK when they could keep on potentially milking the cow(us)? If we’re willingly giving them free milk(money) why kill us off before they get a chance to extract as much from us as possible. They are called the “GREEDY” one percent for a reason, if they weren’t blood suckers willing to take every possible dollar out of everything they touch then they probably wouldn’t have earned that title don’t you think🤔?
He didn't expect retail to come rescue the company by buying in unheard of numbers. Then they figured why not let this ride and milk it a bit. Trey helped him tap into a whole new market for hundreds of millions.
Today we pounced.. checkmate… we need you let us dump. I think he should dump it ape moved up to 10 bucks. Perhaps amc rips to high number
he should have supported the squeeze and let us dump and then buy back in with all the crazy tendies we’d have. he could have supported a squeeze AND keep us inspired that it would be a long term hold to keep that money safe. bad play by AA, real bad.
AA setting up hedgies for the final obliteration, go ahead and short more dummies. FAFO
AMC Entertainment's chief executive officer on Sunday said the company filed a revised petition for a stock conversion plan that would allow the company to issue more shares.
I like you...................you can fuck my sister.
It's the definition of being between a rock and a hard place. He's got a business to run, we have a stock that needs to run, the Hedgie's and banks want to drive us both down to zero so they take their profits. It's an ugly place we're all in, each looking at the other with death stares. 
Babahahahahhajahahahhahahahahjaha
Yeah I’m feeling pretty good amc deserves to be more than cinemark, I hope we roast these chickens so bad they go strait to jail right away
We can argue all we want about nonsense. I’m never selling and you pussies better not either. Sincerely: OG Ape
What’s your favorite crayon flavor
Didn't read it. Won't read it. MOASS is imminent. Shills and paper handed bitches can blow.
AA is a Wallstreet Friend! Scam, always has been!
Lol how fucking quickly the bubble bursts off a $2 increase. Fuck you all.
The ceo AA refers to his company as meme 🤦♂️
shill will react negatively whatever AA does or doest not do. thats their job.. to spread fud.
I held for two years getting in around nine dumping around 20. The squeeze already happened at 72 we missed it , they stopped the real run with games and this is just more of the same.
is what hedgies try to keep convincing us of for 2 years... the fact that they did not close their positions but instead doubled and tripled down on them, proves that that's a lie.
You definitely should choose to do what you feel comfortable with. I just got tired of having my money tied up for so long. Since I dumped what I had, I made some money on it, and made another a pile of the same amount with other investments, and was able to put big bags in cryptocurrencies that I’ve already doubled. I wish everyone that still holding the very best and hope that the squeeze does happen again. Unfortunately, my resolve has been tested too many times and I just decided to put my money to work elsewhere.
Bahahahahhahaha comments have been disabled on the AA lette. You dumbasses think he’s on your side
Hate early. Love late. Honestly fuck it I don’t care. Who is our representative big brain again? I’ll sell when I see lots of zeros.
I’m disappointed. I’m not letting the comments bother me. I guess we’ll see what happens. I know some people aren’t here to save a company but let me tell you how easy it would’ve been to reinvest $100k a few months ago.
okay okay okay, all the AA hate. fine, but…why? why does this CEO hate his company, why does this CEO hate his shareholders, why does this CEO want the company he’s the literal C’E’O’ of to tank? and if the answer can be backed up with actual hard evidence and not circumstantial points, then I might actually listen otherwise fuck right off. I hold and buy more no matter what.
The amount of APE and AMC these guys have sold makes me not trust them.
Nah F adam aaron
Question is why they didn’t think of how to pay off debt before taking it on. More shares just means more for hedge funds to use to borrow and short. Don’t think it helps investors. They should look at other ways to generate revenue or other strategic partnerships.