In a Tuesday morning filing, AMC Entertainment AMC, -3.37% disclosed that it is abandoning its request for shareholders to approve 25 million new shares as part of a planned capital increase that would have allowed the company to leverage its alpha “meme stock” status, but also diluted existing stockholders that are overwhelmingly retail investors who have made their opposition to the plan quite plain on social media.
iframe.twitter-tweet { width: 100% !important; } And he got the reception he wanted. AMC shares popped almost 3% Tuesday morning after falling more than 12% over the last two weeks. The request for shareholders to approve the 25 million new shares came shortly after the birth of “AMC Investor Connect,” but it became obvious rather quickly that no amount of free popcorn would get Redditors keen on short squeezing AMC stock to agree to dilute their own shares.
“See you don’t even need to 25M shares right now,” responded one user almost immediately. “You’re already killing it!!”
I can sense the reluctance in this article🤣 - media can’t stand writing the positive truths about AMC GME
the least subtle investment news source that’s thirsty for Citadel’s agenda… besides for maybe themotleyfool
That's a bad thing? Seeking approval from investors?
If a CEO's 'thirsty' for wall st. approval no one says boo.. A CEO can pay employees starvation wages or even light the ocean on fire - but a CEO listens to its SHAREHOLDERS the establishment loses their minds 🤡 🤡
'thirst for the approval of retail investors?' please. if you were hydrated, you'd buy AMC too
wow
Sounds like the thirst marketwatch has for Citadel balls