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I'm not aware of the legal verbiage pertaining to a dividend, it's hard to imagine that a skilled attorney couldn't get around a non currency (monetary) "gift" to shareholders, or simply call it something other than a dividend.
Lastly, not knowing the legal verbiage restricting a dividend (plus, that could have been the old bonds, not the current refinanced ones, whereas AMC can now issue a dividend, remember, the CEO said he's thinking it's to soon now (at the last conference call), but he did say, perhaps we'll see that within the next two quarters) or it's possible that AA is going to settle any issues keeping him declaring a dividend. I simply don't know.
In the fullness of time, we'll all know. Most here are holding, so we'll see.
Blue, to be honest, I'm not sure what's going on. At first glance, it looks like what Patrick Byrne did, yes, it has been suggested that AA could do the same, is he? or is someone else playing the Apes for their own gain?
Byrne did figured out how to stick it to Wall Street, and did. He designed the dividend to create short covering, I can't think of a better day to do it than a Thursday before the Market is shut down for a Holiday on a Friday. One can always hope!
https://finance.yahoo.com/news/patrick-byrne-final-act-overstock-133613713.html
https://nypost.com/2019/09/17/ex-overstock-ceo-planned-crypto-dividend-to-thwart-short-sellers/
“TAMC is proud to be the first token created to generate wealth for the holders by the social/meme coin status and expose the malpractices done in the financial systems nowadays for the benefit of a few,” the release reads.
TAMC will have a max supply of 513,960,784 tokens.
AMC Shares Outstanding
516.8M
Dividend?
The AMC Token Launches On April 30, But Does It Have Anything To Do With The Company?
4:52 pm ET April 13, 2022 (Benzinga)
A new cryptocurrency nearing an April 30 launch is gaining stream and mentions on social media thanks to its name being close to that of publicly traded AMC Entertainment Holdings (NYSE: AMC).
What Happened: A new cryptocurrency called The AMC Token (CRYPTO: TAMC) is planning a launch on April 30 and is using the AMC movie theater chain name to likely entice people to buy the coin.
AMC has not announced the coin and has not indicated any connection to the Ethereum-based (CRYPTO: ETH) token. AMC CEO Adam Aron, who is pretty transparent with investors, has also not mentioned the token on his Twitter or follow the official account of The AMC Token.
Instead, developers of the coin say it is “inspired by GME and AMC movement,” and using the name of the movie theater chain.
The AMC Token is offering a fair launch, with price discovery set by demand and supply. The token will have no pre-sale or whitelist before the fair launch is completed.
The token is also called The Apes Movement Community Token in the press release that went out across several major financial media sites as a Globe Newswire release.
“TAMC is proud to be the first token created to generate wealth for the holders by the social/meme coin status and expose the malpractices done in the financial systems nowadays for the benefit of a few,” the release reads.
TAMC will have a max supply of 513,960,784 tokens.
Related Link: Phony Press Release About Tesla M&A Causes Penny Stock To Surge 200%
Why It’s Important: AMC Entertainment was one of the most popular stocks of 2021 and attracted a wide base of followers and community members who often referred to themselves as apes.
The AMC Token is attempting to capitalize on the community by misleading that it is associated with the movie theater giant.
The coin makes promises of going to the moon and has sponsored posts on other websites promising 10x, 100x and 1000x returns from the coin.
The official Twitter account of The AMC Token dates back to November 2021 and previously shared and retweeted on other tokens before switching gears to The AMC Token posts in February 2022.
Many tokens and coins have tried to piggyback off of other's success by launching tokens that often end up being rugpulls where the founders of the token make the money and the rug is pulled out on the new owners. Some tokens allow users to buy and then never to sell their coins.
Over the last year, the cryptocurrency market has seen a Squid Game coin based on the popular Netflix Inc (NASDAQ: NFLX) series and a Will Smith slap inspired coin Will Smith Inu. These tokens often shoot up in value only to fall back down.
Another token called Accept Crypto, launched by Dogecoin (CRYPTO: DOGE) influencer Matt Wallace, attempted to capitalize on the strong Dogecoin community and the rallying cry for retailers to accept Dogecoin as payment. The token shot up in value only to come crashing down.
Investors should be cautious about getting into new tokens that do not have a proven track record, and risk only what they are willing to lose.
Benzinga reached out to AMC for comment on the token.
which imo, isn't enough
mine, too
Etan Vlessing
Tue, April 12, 2022, 4:27 PM·1 min read
AMC Theatres is continuing its movie theater acquisition binge by picking up seven former Bow Tie Cinemas locations with 66 screens, the chain said Tuesday.
AMC picked up from Bow Tie an 11-screen multiplex in Saratoga Springs, New York, now operating as AMC Saratoga Springs 11; another 16-screen multiplex in Trumbull, Connecticut, rebranded as AMC Marquis 16; a six-screen location in Norwalk, Connecticut, renamed as AMC Royale 6; and another Norwalk eight-screen multiplex rebranded as AMC Landmark 8.
More from The Hollywood Reporter
Regal Owner Cineworld Is "Very, Very Careful" With Movie Ticket Price Increases, CEO Says
AMC Theatres Buying $27.9M Stake in Gold and Silver Mining Company Hycroft
How Cinemark Is Approaching Dynamic Ticket Pricing
AMC has also acquired two more former Bow Tie venues in Stamford, Connecticut, now operating as AMC Landmark 8 and the AMC Majestic 6 multiplex. And rounding out AMC’s latest theater purchases from Bow Tie is an 11-screen venue in Annapolis, Maryland, rechristened as AMC Annapolis Mall 11.
The former Bow Tie theaters are the latest additions to the AMC circuit after theaters were acquired in the Los Angeles, San Diego, Washington, D.C., and Chicago markets, all of which have already reopened or will reopen in 2022.
Bow Tie patrons will be encouraged to sign up for the AMC Stubs loyalty program as Bow Tie’s Criterion Club rewards program ceases operation. The former Bow Tie cinemas now have AMC signage and will shortly offer AMC-branded formats and food and drink products.
AMC said it is talking to other property owners about picked up more movie theaters. “Our theatre acquisition strategy makes AMC a better and stronger company as we move forward on our glidepath to recovery,” Adam Aron, chairman and CEO of AMC, said in a statement.
1. AMC's Financials Are In Great Shape
In March, AMC's management announced that the company had enjoyed the best quarter of the last two years. And although the nearly 60 million moviegoers who bought tickets represented only 64% of pre-pandemic levels, the fourth quarter indicated it's only a matter of time before ticket sales are back to normal.
On a year-over-year basis, revenue increased by 620% in Q4. Drink and food revenue reached 87% of pre-pandemic levels, to an average of $6.38 per patron. That's quite a bit better than the $4.74 per person AMC made in the fourth quarter of 2019.
But perhaps the best news was that AMC achieved positive earnings before interest, taxes, depreciation, and amortization (EBITDA), as well as positive operating cash flow. Thanks to the effect of the COVID pandemic on the movie theater business, AMC's balance sheet had been a big concern.
Of course, AMC has a lot to thank its loyal shareholders for. Because of their stock purchases, management was able to raise a little over half a billion dollars in cash to shake off the specter of bankruptcy.
And now with about $1.8 billion in liquidity and cash flowing in, AMC no longer has to worry about playing defense. Instead, it can think about growth.
2. AMC's Management Has a Long-Term Growth Plan
CEO Adam Aron has a plan to generate long-term value for AMC and its shareholders. His goal is to match AMC's high valuation with its company fundamentals.
The money raised from AMC's share price appreciation has been and will be used for three main initiatives:
Investing in the infrastructure of its core business, the movie theaters
Paying down company debt
Investing in mergers and acquisitions with a view to the company's future growth
AMC has already announced investments in its movie theaters, such as upgrading its IMAX and Dolby Cinema premium screens. The company is also starting up NFT programs and accepting payments via cryptocurrencies — moves that should attract a young, tech-savvy audience.
As for the second goal, AMC is in the process of discussing refinancing its $5 billion debt with various stakeholders to reduce future interest payments.
And finally, thinking about future investments, AMC has bold plans to retail its branded popcorn. It also invested in gold and silver mining company Hycroft (HYMC), which CEO Adam Aron sees as a long-term source of profit.
3. AMC Has "Meme Stock" Power
The so-called "smart money" has criticized the meme frenzy that kicked off in early 2021. But more than a year later, this trend still continues and has wreaked havoc on hedge funds that bet against AMC stock.
Meme stock investing is characterized by retail investors betting on stocks not due to their business fundamentals, but instead to defeat short sellers. AMC has been one of the meme darlings and has remained popular on Reddit's meme stock-trading threads.
Thanks to meme investors, AMC stock has returned an incredible 1,060% since the beginning of last year. Their unwavering buy-and-hold optimism and demand for the stock have essentially rendered AMC's business fundamentals irrelevant.
Currently, short interest in AMC is rising — more than 20% of the stock's float, according to the latest data from Yahoo Finance. So there's a good chance that meme investors could provoke a new short squeeze and send AMC's stock back to stratospheric levels.
(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report. Also, the article may contain affiliate links. These partnerships do not influence editorial content. Thanks for supporting Wall Street Memes)
AMC Entertainment Holdings, Inc. Class A
101, are there a ton of synthetic shares in GME as there are in AMC?
MM111, I only own a few GME (long AMC) I bought GME to show support, never a Gamer, nor my kids-so I know next to nothing about GME, do they have money for a buy back right now, that would really really mess with the shorts?
What are they talking about for a dividend? What's your gut say about the amount of synthetic shares outstanding. I few AMC has billions, GME has to have a ton, too.
There's a ton of synthetic shares outstanding in GME, too.
This will be fun to watch, poor little Kenny.
Can't help but wonder what's going to happen with AMC following GME, didn't believe Roll until I did. Never understood why we did follow GME, yet Roll was right all along. Cheers Roll!
Bio,
I agree with much that you said, the integrity of the US markets are what keeps the lights on, if we lose that integrity, we will all wake up in the dark.
Speaking of dark, if Gensler wanted to know how many synthetic shares were in that dark pool, he could, just by asking all Brokerage Houses how many shares their customers hold. Gensler is a fraud, so he doesn't. He just talks.
I personally believe there's billions of fake shares, so I do thing that the regulators will have to step in to save that very Integrity we speak of.
It will be interesting, I'm pretty sure we both will be here to see what happens.
LME is not American Markets, I'm not sure how AMC plays out; but if they pull anything like what happened with the halt in Nickel, we are all in serious trouble.
What does the chair of the SEC do?
The chairman and commissioners of the SEC are responsible for ensuring that publicly held corporations, brokers or dealers in securities, investment companies and advisers, and other participants in the securities markets comply with federal securities law.
BUT
Gensler worked at Goldman Sachs, where he became a partner in the Mergers & Acquisition department
To Gary, it's more important to take care of his friends, they pay much better than the government. Gary took the SEC gig to make sure that his friends are cared for, if not, he'd be doing his job.
Tulla, time is on our side, our day will come.
We both know they would bid more, however, the bid alone would cause a squeeze. The price of AMC would shoot way, way over whatever the bid Amazon had made.
Fire, Harry Markopolos was telling everyone about Madoff, no one would listen, until they did.
Harry wrote a book about it, I'm certain that many books will be written about Griffen, too. What is sad, the SEC Chairman at the time of Madoff name doesn't run off of everyone's tongue, he was as big a crook as our Gensler.
No One Would Listen: A True Financial Thriller is a book by whistleblower Harry Markopolos about his investigation into the Madoff investment scandal and how the U.S. Securities and Exchange Commission failed to react to his warnings.
I agree with all six of your statements, trust me, I hardly ever agree with anyone.
All that said, I have no idea how anyone other than Powell can cover all the fake outstanding shares, it's going to cost billions and billions, Biden kind of money, plus I believe they are shorting as I type.
I'm no doctor; but if you want my opinion, Gensler looks like he has one of those diseases.
OK, they do not click the box that it's a short sale, that's for starters.
Secondly, there are so many synthetic shares outstanding, no one truly knows how many have been shorted due to this accountant error.
Lastly, if Gensler wanted to know how many shares were out there, he has the power to ask for a report from all Brokerage Houses, which he may or may not have done.
IMO, Gensler is fully aware what is going on, so clearly, he's allowing it.
Carl Icahn took the opposite side of his Herbalife short, Little Billy Boy lost more than 1.5 billion, plus was made to look like a fool.
I think after Uncle Carl was done spanking Billy, he was done shorting, he's just publicity saying so now.
I agree, yesterday's halt was only to stop upward momentum, there wasn't a spike up, it was trading up; greater powers thought it needed to be stopped, then it was.
Our day will come, it just wasn't yesterday.
That Halt was free publicity, it told everyone that AMC is red hot and getting hotter.
To claim Volatility, (M) classic!
Actually, the real reason it was halted, there was a paper jam with the printing press, Lord Only Knows how many more synthetic shares were sold today.
I wouldn't be surprised if the short interest (both fake and real) actually increased, so I agree, I doubt much covering is going on.
Folks took possession of their call in the money, MM had to buy them :)
JJ, I don't even understand why you say they are spending money, they are selling a synthetic shares. They are collecting money selling air.
Granted, I see where they are going to lose a ton of money when AND IF, the government makes them buy back all the fake shares they sold, I just don't think Gensler has the stones to tell Kenny the game is over, start buying. Until he does, the beat goes on.............
Gensler is off worrying about global warming, he's not worried about you nor I.
So all buy orders are getting synthetic shares so we don't run up?
Like Secretariat did at the Belmont Stakes!
Like it's Secretariat in the starting gate, they just won't open the gate.
I have no idea how they do it, but I'm with you; I'll stick around, watch and maybe learn.
Whatever the hell they are doing, they have a lot of money and appear to know what they are doing.
At least to me.
300,000 shares sold to knock us down `.25 in ten minutes
me too, 18 had the largest number (puts and calls combined), or so reports Ameritrade
Also, it will cost the shorts a fortune to keep it down.
I think it's cost the shorts a ton this whole week to keep it down, two tons+
100,000 shares traded in Europe overnight
`400,000 shares traded so far before open.
I looked at max pain, I came up with 18, take another look.
I agree, we'll inflict a ton of pain at 22+
We just need an up day, everyone should buy all they can afford, I'm personally past what I can afford, I'm in margin (which is nothing new for me, just how deep)
Brokerage Firms are charging this amount, even if your borrowing synthetic shares to short. Nice gig.
No one, Market Makers are trading them back and forth between themselves.
That's what Ryan Cohen said was happening with his GME shares, so no doubt, the same thing is going on with AMC.
Ryan Cohen bought 100,000 shares of GME. Clearly, he didn't have to save up to make the buy, yet he bought as little as two shares at a time, none in a round lot. He claimed that round lots are synthetic shares. He further said, real amount of volume where someone bought to hold is about 10% of the print number, the rest is machines buying back and forth.
IMO, more than half.
WHat's your take?
In your movie, Kenny G. doesn't make it to the Cayman's. He's laid up somewhere just like the Russian oligarchs are. Kenny G isn't any better than the worse Russian Oligarch!
Gensler is allowing Griffin to operate, as Poop-tin allowed the Russian Oligarchs, same lawlessness, different countries!
Apes own 90% of 516 million shares
As for the "Shares Outstanding" well there's Billions of those, plus, it appears that number is growing every day, Gensler can talk all day long about what he's going to do, Justice, too, yet, 170 million shares traded today.
Yet, like you pointed out, 1/3 of 500 million shares were traded today, and that was no Ape like trading, unless some silly Ape traded all his bananas for electronic machines to trade stock with.
IMO, yes, you'll see when they lose control, spread will be jumping fifty cent or more between trades. They are still laddering share price down, as I type.
Jimmy Joe, why oh why didn't we hear about what Biden was going to do with the Russian oligarchs money that's in our stock market?
Steal Russian oligarchs yachts while American oligarchs steal your 401's. Great world we live in!
You posted that Russian stock were toilet paper, what are we buying, American synthetic toilet paper?
Yea, it's going from a Russian oligarch to an American oligarch.
Ken Griffin has teamed up with the owners of the Chicago Cubs for a takeover bid of English soccer's Chelsea Football Club
Oligarchy; a person who is part of a small group holding power in a state". The term is commonly used in the Western press to describe Russian business people.
I'm not sure why we don't call our Hedge Hogs, oligarchs for they are the ones holding power, they buy it from slime like Gary Gensler. IMO, last night's after hours trading was one oligarch cashing out because he is going to have serious margin calls due to holding Russia investments. Since Poop-tan halted trading in the Russian Markets, he froze prices, once trading starts, the true value of the securities will be known, last night's oligarch was getting in front of his upcoming margin call.
Our day is coming, just not today. Clearly, my opinion about AMC,
About Hedge Hogs being American Oligarchs, well that's just the way it is, they steal from all Americans by shorting our 401's.