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Board Seats pay a ton, with health care plans, to boot.
ALso, I found this while looking at Chewy, the dude is CEO of Chewy, thus the relationship. It's on Ameritrade, anyway, you asked so here is a clip of it:
“They [GameStop] came out with the transformation committee that Cohen [and] Wolff are going to be on,” Alzmann told Benzinga. “They announced the hiring of the chief technology officer and the two other senior leadership members. They’ve made movements in the direction that we talked about in January. The Chewy-fication keeps happening.”
By "Chewy-fication," Alzmann means that Cohen, the co-founder and former CEO of Chewy Inc (NYSE: CHWY), has plans to bolster GameStop’s e-commerce business using his expertise from Chewy, which he built into the leading online pet store.
Cohen disclosed a 10% stake in GameStop back in September 2020 and joined the executive board.
GME Price Action: GameStop stock pulled back 1.89% Thursday, closing at $260.
Watch the full interview in the video below:
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
I've read that they have a patient on those seats.
Well Roll, I'll throw you a curve ball. Last Friday, I had sold calls that were in the money, (a nickel, I believe, and I had sold 15 contracts, or $150.00ish) yet those calls were not called from me.
That has happened to me before when we landed right at the strike in another stock (AMRN) I've also have had some of the contracts I had sold called, while leaving some alone. You sell the rights to your shares, it's up to the buyer to decide what he wants to do with those rights.
What does that mean? Got me, it's just weird. It was good for me for we went higher right out of the gate last Monday.
The dude sitting on the board is buying shares, lots of them, since you know what the company should be doing, perhaps you should seek a seat on the board!
Cherry, I looked a little deeper into your question, this may or may not interest you, if it does, the entire article is the link below, but back to your question, what's AMC worth?
Investors buy or sell particular stocks based on the price – and whether they think the share price accurately reflects the underlying value of the business.
The market is a “free” market. Investment decisions are fully discretionary.
https://www.forbes.com/sites/georgecalhoun/2021/03/05/gamestopgamestonk-has-nothing-to-do-with-the-madness-of-crowds/?sh=51a2cafa25d0
No one really knows, are you more likely to go to the movies now; then you were prior to the pandemic?
If so, it's worth more, if you aren't, than you better factored that in.
Annual meeting is coming right up, vote your shares and remove the man!
Don't waste it, go bang that ask!
NY's 13 theaters make a ton, and CEO is happy when they are 17% filled before pandemic.
Well, they have a whole lot of auditing to do,
SOmeone buys my stock, loans it to someone to short, so someone buys that shorted stock. They think it's a real shares, so they, then loan that stock out, and it's shorted again not knowing it's not a real share, it's an IOU.
This is going on and on.
Tommy, at least the company is selling real shares!
I like you. I couldn't agree more.
Billions more from 10 to 21 year old kids, with or without their Slow Joe's Check.
My wife use to call my son, the movie man.............I knew what he was up to when he saw the same damn movie a few different times, the kind of nonsense that happens in theaters all over America is going to happen again, soon. That's another reason it's UnAmerican not to support AMC!
Now, all good old man and woman, can think about that and go bang that ask while you still can!
That 2 billion in cash would buy you 200,000,000 shares, so yes, I too am happy to help them out.
What's important, HEDGE HOGS have two billion to buy themselves a few shares knowing that their shares can and will go UP UP UP, while the HEDGE HOGS that shorted, can only make ten bucks, but they're going to lose a ton more then that,
I believe we are in a waiting game to see which HEDGE HOG come to eat their brother HEDGE HOGS
Soon, we'll be seeing HOGS EATING HOGS AT AMC
Should be released around 3/19/2021
No it doesn't, it take one HEDGE HOG that believes AMC is a good investment, and he buys large.
Or a HEDGE HOG that doesn't like the HEDGE HOG that is short, like that Ichan vs Ackman deal with Herbalife Nutrition,
Uncle Carl didn't have a clue about Herbalife when he heard Ackman yap about how it was a pyramid heading to zero, all Uncle Carl knew was he didn't like Ackman, so he went long and loud, got himself on CNBC telling everyone he's long and going longer.
Billy Boy lost billions
We have no clue that someone isn't buying a large position as I type, Cathy Woods (ARKK) owns GME, I'm sure Mamma Woods has been to the movies, I believe there's value in AMC, perhaps she does too!
Zman, it's simple, you buy at the ask, you bang that ask over and over again as hard as you can, understand, get in it now! Bang that ask!
C-john,
AMC has more demand than ever, ever before. This is a sad read.
https://www.npr.org/sections/health-shots/2021/02/02/962060105/child-psychiatrists-warn-that-the-pandemic-may-be-driving-up-kids-suicide-risk
No one had a clue what AMC is worth, but IMO, it's worth more now than ever before in this Century. We'll see, I'm buying with my money, teens are getting money from Old Joe to see the Show, nice ring to that, right?
Getting the HEDGE HOGS is just a side show, but a good one!
Agree 100% But, I don't think we will see it.
You're not kidding man,
day open high low close adj, close volume
Mar 10, 2021 11.02 12.47 9.51 9.85 9.85 256,641,600
what the HEDGE HOGS showed yesterday is quite simple, they have deep pockets and people are still using stop lost orders.
IMO, it's a buying opportunity of a life time, we were trading at 12.47 before the HEDGE HOGS did their thing, now we do our thing, support a growing company, it's the AMERICAN thing to do!
It's time to slap the ask!
I'm guessing why the borrowing fees aren't going up while the shorted shares increased; my guess is a rather simple answer, the market makers aren't borrowing any shares, they are just making IOU's up, you are not buying shares, the MM'ers bought all the shares at the ask, with IOU's which created today's free fall.
I believe that the MM'ers let this fall so their HEDGE HOG friends can buy cheaper. I believe this happened over at GME, too.
Same time we fell, GME fell, if the SEC gave two chits about us little pee-ons, they would do something about it, yet here we are.
I too am proud to be a part of this.
Damn right, haven't you seen my posts?
It's UnAmerican not to buy AMC!!!
The fact that I had stole that line from someone else doesn't really matter for it's truly UnAmerican not to buy AMC.
We don't for they do not have to report, another thing wrong with the system.
Doesn't really matter because it's going to be one HEDGE HOG eating the living chit out of the other HEDGE HOG.
Chit a$$ report was priced into the market, now there's a beat, with a new tune. Sweet
I agree, it's being done with seriously deep pockets, to boot
I believe we'll see much higher than 300, we are going to get a HUNGRY HEDGE HOG that will come along and eat and eat other HEDGE HOGS
Now is the time to buy cheap and hold!
It's green because HOGS love eating other HOGS, AF and tomorrow should be interesting as hell
But a hundred point drop from 348 is crazy, SEC is worthless for poor ass retailers like me and you!
HEDGE HOGS make pay-offs so they can HOG OUT whenever they want.
I had diamond hands and bought more at 240 even, ton of money made on bid ask spread, more HOG action!
I won't argue any of your points, but I will add that governments are not suppose to run the way that ours is currently being run for the past few decades.
Earnings call is now over, when you listened to the questions it sure sounded like those that were doing the asking knew more about what the answers should be than Mark did while answering them, we are going down today, and probably large.
Thankfully, date of record for the dividend is coming up shortly.
Great post, I'm with you!
Pretty soon, we'll be trading in that area :)
Just go away, you can come back and say I told you so, or you could man up and say, damn, I was wrong, sorry I was such a pain in the butt
I wasn't here in January, but I'm here now until we land on the Moon!
Did you watch the CEO on FOX, he barely could control himself while explaining the backlog of releases coming out this year, he also pointed out that AMC is happy with 17% utilization for most theaters so he sees zero problems with States holding attendance to 25%, plus he added that was going up to 40% soon.
Lastly, he stated the obvious, Americans want out of their house, Movies are right after going to dinner for all Americans.
The only thing I could have added to his remarks, is this: It's UnAmerican not to buy AMC and crush HEDGE HOGS
EE, I'm reading to catch up, but it appears that shorty is going to need some paper in their hands to clean up the mess, Diamond Hands here, too
Swami, I was kind of making a joke, it's your money-or, none of my business.
I owned one share of GME and 101 of AMC to show support against the HEDGE HOGS.
I actually believe in AMC as a stock/company going forward. I believe GME also is going to be around, but there's clearly something going on at GME besides the business, I hope GME crushes the HOGS, so GL plus, I own a few more shares these days.
As for silver, I started buying silver when Trump started giving away money, I'm buying more now that billions turned into trillions
my guess...its Likely that Clearing houses and regulators are watching...todays trading...
Damn shame that they just started, it's their job to and it has been for years and years; only, they are bought buy the HEDGE HOGS just like Congress is bought by LOBBIESTS to look out for the 1%'ers
Swami, why can't we be in all those positions? Is CNBC telling us, we can only pick one stock? HEDGE HOGS can short lots of companies!
EB, I sell puts and let others give me their cash; but if the puts end up being in the money, I buy the shares.
That's a pretty well known fact, but you do have me wondering about Cohen's shares over on GME, all this talk about only 70 million shares for the float, where's Cohen's shares?
Do you think his are in a margin account, so they, too, are shorted? If so, Cohen has the coin to change his account to non margin and request his stock certificates, that would put huge pressure on the shorts.