AMC EntertainmentShort
$AMC - interesting activity
Updated
Jul 06 decided to go ahead and issue 25M new shares without stockholder approval
Jul 03 company decided to sell 11.5M with the help of selling agents
June 01 issues 8.5M shares to Mudrick Capital
May 21Wanda group, the largest shareholder sold most of its remaining shares of AMC.
...
Seems like it's better to go short this time around, for now.
Jul 03 company decided to sell 11.5M with the help of selling agents
June 01 issues 8.5M shares to Mudrick Capital
May 21Wanda group, the largest shareholder sold most of its remaining shares of AMC.
...
Seems like it's better to go short this time around, for now.
Note
correct: Jul 06, withdrawal of proposal 1 to increase 25M shares.
Note
Would like to say thank you to Slittlef for pointing out my mistake in reading the 8K please Ignore the Jul 06 part of the chart.
My opinion is that AMC still trying to dilute the shares through the help of selling agents.
apologize for the mistake
Note
Closing out on the drop for 38% gain Nothing special
Note
Looking good for flipping to the long side now
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