A kind of loyalty has formed between AMC and these traders who drove its price, valuation and narrative “to the moon.”
“Aron is going to be forever grateful and cater to that investor base,” Andrew Freedman, media analyst with Hedgeye, tells Axios. “It's almost like he's becoming an investment banker, a hedge fund or private equity fund himself [with] his army of [traders] just so willing to do whatever he says.”Retail traders are almost always buyers on a net basis, Nasdaq's chief economist Phil Mackintosh wroteAs random as AMC’s investment in Hycroft Mining may seem on the surface, there is a connection.. And Mudrick had encouraged AMC to sell new shares last year.
Hycroft was in need of some additional time to make payments on its debt last month, and Mudrick had enlisted AMC’s CEO to help, Bloomberg reported.It’s pretty well known at this point that AMC’s valuation has nothing to do with its underlying business of sellingAt this point, Aron is almost “forced” to diversify its business to justify its valuation, according to Freedman.
TMFScottP sage_simian is this why you were discussing Woolworths venture capital on Sundays podcast? Businesses investing outside their wheelhouse of expertise?
The meme is the only thing keeping them alive
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