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Looks like AMC is finished. Please don't tell everyone that it is time to Buy more Shares. Time to move on.
With so much debt($5.5 Billion) and Deferred Lease Payments($375 Million), How is AMC going to pay their bills. Stock Sales may be their only way out because Bond Interest Rates will be rising in 2 months. Stick around and find out.
Someday hopefully reality will set in. Fundamentals will Prevail.
MG, Just looking at charts , that's all, This has gone from $70's to $10's in 6 months. You can't keep blaming everyone else for a dying business.
For those in Denial, Here's a clue, Just take a look at the 3 month chart of AMC. It's quite disturbing.
AMC PPS is up because Whole Market is up. Otherwise with their Debt it would be spiraling. (Remember $5.5 Billion Debt and $375 mill. in deferred Leases.) That will not go away. Fundermentals do Matter.
PR Yesterday at 4:45 PM>>>AMC had $5.5 Billion of Debt as of September that ranks ahead of the equity, and Owed $376 Million of Lease Payments(Empty Buildings) that were deferred during the Pandemic. If AMC sells Bonds, it won't be easy with FED raising rates. Management is getting Skittish.
Barely holding on to $16.00 PPS. Down again.
Again, AMC is the best example of Catching a Falling Knife. As this has fallen from the $70's,60's,50's,40's,30's,20's,and10's most keep saying Time to Buy over and over. And that's only in 6 months.
Thanks GetSer, I wrote Legal accidently, Didn't notice it till you wrote that . Sorry about that.
iiij, Internet and cable are killing theatres. People in this century enjoy entertainment at home. It's cheaper. That's all.
Unless AMC changes business structure(Gets similar to NetFlix)the End will come quick. Even NetFlix is having Problems. Bad Industry to be in.
Remember Acropolis is an LLC (Limited Legal Company), so they are not worried if Custodianships fail and Investors are hurt. Not much Investors can do against an LLC Company. We are at their Mercy.
AMC starting to look like the Titanic.(Sinkable)
My AMC in Major city is Empty a lot. According to financials of AMC this is happening more often than not. It;s dying because of too many Movie Networks on Cable TV.
Sen, Have you been to an AMC Theatre lately, they are empty, (How can you make revenue with noone in building.) You can't keep relying on Short Sqeezes. Time to move on.
Expect more requests for selling by Management as PPS falls like a rock. You have to be crazy to be buying any more shares of this dying company.
I believe last Tweet from Acropolis on LLBO status was Nov.11,2021. They said if was out of their hands and waiting. Maybe by Feb.11 2022 news will come out for PinkCurrent, that will be 3 months and that is what KATX took. Just a Thought.
Why keep buying as this goes lower and lower? What could possibly drive PPS to go up, last year was a rarity. Might as well throw your money in the ocean.
Alot of the Apes used stimulis money on Robinhood last year to help drive up PPS(they are gone now). This is a dying industry, take profit and move on.
Imagine all the stop losses at $10. Once this hits those stop losses it may fall below $5 easily. A lot of Apes got in between $3-$10 and will jump OUT at $10.
Thanks Get Ser, It's just frustrating for everyone waiting for LLBO to trade again. I believe everyone thought Acropolis would communicate a little more than they do.
Oct.4,2021 Audit began for LLBO. That's (3 1/2) months to get audit completed. Then Acropolis said they would file for PinkCurrent right away upon completion. At this point shouldn't we be hearing something from OTC or SEC whether Audit if completed is accepted. Any Thoughts anyone.
Thanks GetSer, I still believe Investors were misled,(WHERE WOULD 35% Cyrcadia Shares go to, seems CEO shouldn't be able to make up stories in letter to Shareholders.) and shouldn't Acropolis be reporting to judge all these facts about Holmes that has to be audited and straightened out. Would Judge allow them to toss in Towel? What about Investor Value Acropolis promised Judge Ash?
Just saying, Judge made his decision for Custodianship based on what sounded like a good thing they were doing. Wonder if Judge knows there is hardly any communication between Investors and Acropolis. Any way of letting him know?
Basicly these sells are like STOP LOSSES for CEO's so they are triggered at lowest PPS company will go and they still get Large profit. How convenient.
Just seems with Holmes claiming 35% ownership in Cyrcadia Shares in 2019 that He should be held accountable for misleading investors. And when Acropolis took over it sounded very promising. Doesn't Acropolis have to be held accountable by the Judge if they promised more Investor Value. How could they just toss LLBO aside if it doesn't work out for them.
GetSer, Why is Acropolis so secretive. There is Zero contact with them. What about Press Releases, Wonder why they only use Twitter. Are you a little worried about this taking this long to get PinkCurrent?
PR just released>>>Another Insider sold his shares, Vice Pres. Dan Ellis got rid of 40788 Shares @ $20.27 for another $827,000 Profit. Get the message guys, the company is down 46% in 6 months. It's not the shorts doing this. That is just an excuse for a dying Business. Good Luck.
If you bought this in single digits, Words of advice, take your profit now before you lose it. CEO knew something even if it was preplanned.
This is Falling Faster than I thought it would. PPS is getting close to where it started when it exploded last year.
Good thing Spiderman did well at BoxOffice, becauce AMC would probably be in Single Digits($5-$10) by now.
Watch out for StopLosses hitting also. Many want to save whatever profit they have left.
If Holmes wants nothing to do with LLBO, why does he have Lawyer representing LLBO? Anyone have thoughts.
TEENS premarket! Margin Calls coming. The sqeeze is going backwards. Looks like CEO Sold at right time.
Thanks Stock for the lawyer info. Maybe Holmes and LLBO are working Financials out with Acropolis about the LLBO 35% ownership of Cyrcadia Shares,
Most Ape Investors used Stimulis Checks from Govn't in May of 2021. That is when this exploded with Robinhood. (Quite the coinsidence). Most of them hopefully sold and got some of their money back. AMC is not going to end well.
If StockRunners is Buying Shares, They must not be from U.S. >>Investors in U.S. can only sell(and you are at mercy of MM's). I tried to join QuestTrade and was turned down because of being U.S. citizen.
Ever dawn on any of you, why a CEO would sell shares at $23 if he believed this will go higher again. Keep on buying as it goes lower and lower.
Could this PPS level off a $10? 1 yr.chart shows early 2021 before outbreak at $10 consistantly for months.