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One stock was VIAC, not sure of the others symbols, Discovery was mentioned, too.
I don't believe they are working as hard as they should be, nor will wish they were; once the AMC chit hits the fan.
The Federal Reserve is examining the Archegos situation and working with overseas regulators, “to make sure it doesn’t happen again,” Federal Reserve Chairman Jerome Powell said in a “60 Minutes” interview earlier this month. The Senate Banking Committee wrote to Credit Suisse and other banks this month seeking information on their business with Archegos.
Sell puts, a man has to eat!
He also made a ton of money shorting the pound, great pair, Griffin shorts our US bonds, costing this country billions.
Spot, can you go like my comment on the Barron's article, even if you don't like it (but you will).
Thanks,
The share recount, once that number is known, Adam will have power, then it will be, what AA does with his new power.
Why wasn't it on my link?
There's plenty of Apes, there's just more Air
I own 120 shares, I try not to look at their value, the most I'll do is sell naked puts (out of the money) to pick up a few bucks. I have no plans on selling my shares. The twenty shares, I just bought them when it went way way to low and I had a few dollars laying around.
Brown got pissed at some of the questions on the last earning reports, daring people to sell, and they did. Hopefully, he holds his tongue a bit better this time, we'll see.
IMO, the beef industry is in trouble, BYND will be fine, they just need to keep lowering their cost basis, and product price.
Exactly what the CEO is talking about when he states that he's not building (or worrying about share price) he's building a company.
However, I wonder what kind of news he'll have for us on May 3rd!
Also, nice find Markp
Would you please provide a link, what a shit ass web site!
https://ir.iterumtx.com/press-releases
There's no damn 8-K on it!
I have to believe that the pdufa date has been moved, IMO, there should have been more information released by the FDA, clearly everyone knows that Covid has caused challenges within the Department, plus Covid trials have jumped the line.
It's my understanding that he has up to five days to release a FOrm 8-K (might be three days, we'll see)
Form 8-K is a very broad form used to notify investors in United States public companies of specified events that may be important to shareholders or the United States Securities and Exchange Commission. This is one of the most common types of forms filed with the SEC.
BB, this is why I love you so.........................
As long as you have air in you lung, don't stop using your voice!
Rob Golum and Kelly Gilblom
Thu, April 15, 2021, 2:38 PM
(Bloomberg) — The chief executive officer of AMC Entertainment Holdings Inc. said the movie-theater chain is once again “under attack” from short sellers after skirting bankruptcy during the Covid-19 pandemic.
The volume of short sales — bets that the stock will go down — rose about 50% in March to 73.8 million shares, CEO Adam Aron said in a discussion with the social-media finance commentator Trey Collins. In a wide-ranging interview, he also touched on a proposal to raise new equity and praised the meme investors who bid the stock up to more than $20 a share in January.
The shares have since retreated from that lofty level. But they rose as much as 9.4% on Thursday after Aron said he has no immediate plans to issue any of the 500 million new shares the company is asking shareholders to authorize. The company won’t seek to sell those shares in 2021 but rather in the coming years. Aron is seeking to carry out a long-term growth plan that could silence AMC’s doubters.
“There are strategies we have that are very good for AMC, to come out of this pandemic, to rebuild this company,” Aron said. “But not only get back to where we were, I’d like to keep going. And I’d like to grow this company even more so.”
Shirting Collapse
Aron also reflected on the difficult stretch the theater chain endured. In 2019, revenue averaged $450 million a month. It slumped virtually to zero a little over a year ago, after the pandemic forced theaters to close. The chain was weeks away from running out of cash at least five times, and has since restructured its finances, banking enough cash to last through most of 2021.
Other theaters have succumbed to the Covid-19-struggle. ArcLight Cinemas and Pacific Theatres, two jointly owned California movie-theater chains, announced plans this week to close permanently, underscoring the still-tenuous state of the industry.
If short-term funding needs arise, AMC has a prior authorization to sell 43 million new shares. Aron said that’s enough to get the company through the pandemic, but limits its growth opportunities. If investors at the May 4 annual meeting approve the plan for additional stock, he’ll gain flexibility to buy back debt at a discount or acquire another chain at an attractive price, which would counteract any dilution.
The theater chain has about 450 million shares outstanding now, according to data compiled by Bloomberg. Aron’s remarks were included in a regulatory filing Thursday.
Praise for Traders
Aron, who has long been known as outspoken, also praised the internet investors who see themselves as fighting against “conventional” market participants, like short sellers who profit when stock prices decline. He connected with Collins, who offers online investment commentary under the username Trey’s Trades, after his 30-year-old son saw a tweet that Collins had sent to his nearly 50,000 followers, known as “apes.”
“My hat’s off to you,” Aron said. “I’m well aware that you have been talking about AMC a lot over the last few months and you have, you know, hundreds of thousands of subscribers, tens and tens of thousands of people watching your shows on the YouTube channel,” Aron said.
“I actually work for you,” he said, “and for that reason it’s a special reason for me to engage with all of you.”
For more articles like this, please visit us at bloomberg.com
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©2021 Bloomberg L.P.
God, I love you!
I just don't see it happening, but my love is true. I've been married to the same women for years! There are a lot more offices for you to be attacking, plus I've talked with our lawyer friend, he has a great deal of respect for you. Actually, he should become an Ape, too!
Me too, I sure hope Neb and BB are in good standing with Our Lord, I doubt we are done with single digits.
My gut tells me that you too feel that BB is pissing in the wind. The Government is going to do what the Government wants to do; or he who pays the fiddler can call the tunes, plus this mess that Citadel has created is to big to fix, to much damage would occur.
With that said, it's very possible that people flock back to the movies in droves and AMC stock goes mainstream, currently only Apes own it.
Bio here and others like yourself
I am honored to be included with BB, but I bitch while BB will try to right a wrong, he's absolute relentless at doing so.
Will it do him (and us) any good, we'll see, for the bull dog is on the loose!
If Adam file a lawsuit against the SEC for fraud and market manipulation, you'd get your squeeze. IMO
The head of the snake at the Federal Reserve is a 1% percenters, the new head at the SEC is one, too.
I've been thinking of changing my vote, I'm with you, I agree with you. That Overstock CEO was all over the news, as well as buying in the open market. No means No
Powell said the same thing on 60 Minutes, I don't believe them.
Other liars denied anything wrong in 2008, too! What the hell did you think they were going to tell the Ship of Fools at Congress, we're scared chitless on what might happen?
I pray that you are right, it could be happening now, I just don't believe it.
I believe what Adam was saying was this, I'm not going to manage the day to day price action of AMC's stock.
What I was saying, Adam will get involve (or he might be now) when a billion shares have been shorted. There was a reason for the share count!
Citadel is just in your sights, all Market Makers are thieves. BB, as for this being public knowledge, it's only public knowledge to a few pawns, this is not the lead story for David Neir!
Chit, we can't even get CNBC to talk about it!!!
They pay the new rate when it is established, it could and does change during the day.
One person went to prison from the 2008 mess that costed tax payers 37 trillion dollars, so I wouldn't count on filling Bernie's cell anytime soon.
Also, the market turned against Bernie, his hopes were to make his investors whole, he just ran out of time.
Griffin is begging for more time now, if he kills AMC, he's off the hot seat. Right now, Citadel Securities' Lawyers are explaining how important to the economy that the Government leaves them alone.
Apparently, it's working, more Air Shares are being sold!
They are diluting the living hell out of the stock, if, I guess that should be a big IF after all my negative posts about the government, but IF they stop this shorting, both air and naked, they will have to buy them back.
This could easily blow on past GME's 430 high. Keep in mind, that wind is just air in a hurry, once those air shares are bought back, that will cause a huge wind storm.
BB, it's not a perfect world, I googled up Citadel's play, it's 41% of the market, Google didn't tell me if that includes the Bond Market, too; but were there's money to be made, Citadel is there to collect it, so why wouldn't they be there?
I'm hearing you, damn shame that I'm not arguing with you, but I believe you to be correct, but it isn't right. Big difference!
especially if regulators just pulled manipulation of short fee.
IMO, they can't. A true short fee should be at least 22% which is high enough to trigger some true naked shorts to cover, while we want a squeeze, those in power, DO NOT.
How do I know this, like you are saying, someone is manipulating the short fee, plus not enforcing the laws of the land.
Zero shares to short & fee should be 1000%
That's true, however, there's no fee on selling Air Shares, and obviously, they are selling Air Shares today, 27 millions shares have traded today, I strongly believe that Adam/Trey attracted buyers, we should be up a ton, we aren't because we're buying Air!
Also, Virtu Financial Inc. is used my JP Morgan Chase, another crook!
BB, if Citadel was stopped, it would kill the ecomony. IMO
Overall, about 41% of U.S. retail stock-trading volume goes through Citadel Securities, while the next-biggest player in the business, Virtu Financial Inc., has a market share of around 32%, the firms say.
BB, perhaps, the damage estimate that you have and I have greatly differences,
How much money did the US lose in 2008?
The crisis was the worst U.S. economic disaster since the Great Depression. In the United States, the stock market plummeted, wiping out nearly $8 trillion in value between late 2007 and 2009.
Also, it took the economy more than six years to recover, so there goes all of Biden's plans.
Frankly, I don't trust those in government to put a stop to selling Air Shares, we'll see. I hope you're right.
BB, I agree, no doubt that Citadel are true Masters, but how in hell long can they keep this up?
I'm saying that DOJ doesn't want the firestorm, Powell is in denial, so what (or whom) says, enough is enough?
Citadel is going to be taking a great many banks with it, IMO, that's why DOJ hasn't moved, they too, are scared chitless.
Citadel has caused a serious firestorm, I have no idea why DOJ or SEC should be surprised, 60 Minutes reported that Wallstreet Banks were given 800 Billion dollars, what the hell could go wrong?
2008 cost the Federal Government 37 Trillion, I doubt they will get out from this current mess with a one in front of that 37 number.
I agree, huge that Adam went on Trey's channel.
Trey is the man!
Trey and Adam has everyone buying this morning, my best guess, we're buying "Air Shares" or we'd be up much much more.
Trey Makes the News! Great Job Trey!
to News Results
What Is Going On With AMC Stock Today?
10:01 am ET April 15, 2021 (Benzinga) Print
Shares of AMC Entertainment Holdings Inc (NYSE: AMC) are trading higher by 7% Thursday morning following a series of comments CEO Adam Aron made Wednesday on YouTube channel Trey Trades regarding the issuance of 500 million new shares of the world’s largest theater chain.
“We are going to pledge right now today publicly and we will file this publicly so it will be binding on us, because you can’t announce intentions and then not carry through it, we hereby pledge at AMC that if the shareholders approve this authorization for 500 million new shares to be issued we will not use one of those 500 million shares in the calendar year 2021. Not one. Not one,” Aron said during the interview.
See Also: 3 Reddit Stocks That Could Face Trouble Ahead: A Technical Analysis
“If we need to raise some cash in the short term, remember we already have 43 million shares that are out there that were authorized in the year 2013 that we could use if we wish to raise some cash, if we decide that’s a good idea. We have made no decisions yet. We are thinking about it, but we haven’t made any decisions yet,” Aron said.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
China sold their shares because the Chinese Government told them to support Chinese Companies, in China, when the Chinese Government speaks, everyone but Jack Ma listens!