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Since both the CEO and so called analysts keep flaunting the risks of bankruptcy to bring the PPS down, well...let's go for bankruptcy then, and be debt free, the only way to get rid of the most corrupt CEO Adam Aron. There is life after bankruptcy and shareholders benefit. So...bring that bankruptcy, I am all for it.
Elon the so called Goat is no friend of ours, he wasted no time bashing California for granting money to $NKLA, sad to see the richest man stoop so low in front of a company trading at $2 PPS, sad indeed, I lost all respect for this clown.
All of you APE share holders allowed AA to turn you against AMC shareholders and you sold out the whole movement, now a Judge saw that not only it was illegal but it was the most ridiculous proposal in the history of Wallstreet, some of you Ape shareholders advised AMC shareholders to sell and buy APE instead, I for one called out how ridiculous that was, now you all APE shareholders got smashed with a sledgehammer for siding with the worst enemy of AMC Entertainment business and Wallstreet Bets movement. Your betrayal was punished severely and that will cost you dearly.
Time to sell your worthless APE shares and partake in the MOASS about to unfold, and the MOASS we have been waiting for 2 years or more now.
$AMC long live the true APES
Wow, a lot of "woke "people here, it's ok you don't have to buy any stock, nobody is forcing you, but if you are short I suggest you cover soon cause this baby will be compliant soon. $MULN.
So they hired a Law Firm to investigate naked shorting, also announced a $25 Mil buyback but somehow they are diluting, LMFAO
Wow, you are very intelligent.
When a stock with 235 Mil shares trades over 4 bil shares in 3 days and we are back to 18 cents, then the market is corrupt.
Sell APE and buy AMC, if Antara sold APE they know the Conversion and R/S will be denied, common sense, besides...is the dumbest proposal by any CEO ever, it makes no sense to agree with more incoming dilution from AMC to dilute both APE and AMC stock at once to pay off a 5 bil debt.
False statement, read the 10Q and the letter to shareholders on 06/15/2023.
"As per the company last reported financial position on March 31, 2023, we had $86.7 million of cash available to operations and $0.68 of cash value per share. Our book value per share was $2.08 on March 31 2023."
"The company has received $279 Million in purchase orders from Randy Marion Automotive Group based in North Carolina, one of the largest Commercial vehicle dealer groups in the US "
https://ih.advfn.com/stock-market/NASDAQ/mullen-automotive-MULN/stock-news/91344651/mullen-corrects-and-re-issues-letter-to-shareholde
They are sitting on $87 Mil cash, at the current PPS the market cap is $39 Mil, they can afford an immediate buyback so they won't loose controlling votes, with the money they have they can buy the float 2 times over. I expect a 20% rise in PPS tomorrow.
$MULN
No company was ever granted 2 R/S in the same year, this will have to become compliant soon through a buyback or end up in the OTC markets.
Yeah right, arab money coming in on Monday before the market opens, $FFIE will be compliant in less than a week, cover your shorts homie,
We need one more green strong trading day on Monday with volume above 130 Mil and the MOASS will rock the Hedge Funds, HODL.
After market trading $APRN will touch $15
Blue Apron Announces Closing of Transaction with FreshRealm to Execute Its Asset-Light Model and Focus on Its Direct-to-Consumer Business
June 09 2023 - 11:35AM
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Transaction Valued up to $50 Million with Approximately $25 Million of Upfront Cash Received
Blue Apron Eliminates Its Debt and Continues to Drive Additional Cash Burn Reduction Initiatives
Blue Apron (NYSE: APRN) closed its previously announced transaction with FreshRealm. Under the definitive agreements entered into today, Blue Apron transferred its operational infrastructure to FreshRealm, including fulfillment centers, equipment, know-how and related personnel. Blue Apron received approximately $25 million of upfront cash, subject to certain adjustments, and is eligible to receive up to $25 million of value upon the achievement of certain milestones.
Blue Apron is now an asset-light company, focused on the growth of its direct-to-consumer business. The Company plans to continue to build its strong brand and deliver the high-quality products its customers have come to love. In addition, Blue Apron expects to accelerate the expansion of its product offerings, including the addition of new convenient options.
With a portion of the proceeds of the transaction, Blue Apron also completed the repayment of all its outstanding senior secured notes. With this payment, Blue Apron eliminated its debt.
In moving to an asset-light model, Blue Apron plans to execute further streamlining of its business, which includes reduced headcount and administrative costs, and drive additional cost savings and continued year-over-year cash burn reduction beyond the initiatives disclosed in December 2022.
With the ability to focus on the brand, marketing, product and consumer experience, Blue Apron expects to be more agile, which will facilitate faster decision making, enhance its balance sheet and reduce PTG&A costs. The Company believes this will allow it to get to profitability quicker.
Blue Apron plans to provide an update on its profitability goals and future plans on its second quarter 2023 earnings call.
Transaction Details
Under the definitive agreements for the transactions, Blue Apron sold to FreshRealm the assets and business related to its operational infrastructure, in exchange for (i) approximately $25 million of cash upfront, subject to adjustment for certain liabilities, (ii) a $3.5 million note payable by FreshRealm to Blue Apron, which is subject to offset for certain indemnification obligations, (iii) a $4 million contingent cash payment, conditioned on achievement of certain operational and financial milestones by Blue Apron, and (iv) up to an additional $17.5 million in rebates against payments under the production and fulfillment agreement that can be earned by Blue Apron for volume based on meal kits ordered by customers and new product initiatives.
Blue Apron and FreshRealm also entered into a production and fulfillment agreement with an initial term of 10 years, under which FreshRealm will be the exclusive supplier of Blue Apron’s meal kits.
In addition, Blue Apron and FreshRealm entered into license agreements, under which Blue Apron licensed to FreshRealm certain rights regarding the ability to use the Blue Apron brand in certain retail channels and the right to use certain Blue Apron software.
In connection with the closing of the transactions, Blue Apron entered into subleases with FreshRealm for its Richmond, California and Linden, New Jersey facilities.
Blue Apron issued to FreshRealm a warrant to purchase shares of Blue Apron common stock representing 19.9% of the Company’s outstanding common stock, with an exercise price of $0.01 per share. Blue Apron agreed to grant to FreshRealm certain registration rights with respect to the warrant shares, and FreshRealm agreed to an 18-month lockup, subject to certain exceptions.
The transactions were approved by the Board of Directors of both companies.
About Blue Apron
Blue Apron’s vision is Better Living Through Better Food™. Launched in 2012, Blue Apron offers fresh, chef-designed meals that empower home cooks to embrace their culinary curiosity, challenge their abilities in the kitchen and see what a difference cooking quality food can make in their lives. Blue Apron is focused on bringing incredible recipes to its customers, deepening its commitment to its employees, continuing to reduce food and packaging waste, and addressing its carbon impact. Visit blueapron.com to learn more.
My bad $10.50 lol
Here comes $10
Something tells me you all lost your shares for cheap $APRN +70% .LMFAO
$AMC $4.39, a laughing stock of Wall Street.
$AMC is officially the biggest scam sold to investors by yours truly Adam Antara Aron.
What a backwards squeeze from $6.20 a month ago to $4.67 LMFAO.
Keep dancing to AA's tune and $AMC will soon match the $APE PPS, ....as intended for the conversion.
That makes no sense since a Reverse Split would only help shorts, even the article states that the letter is questionable.
Documents have been circulating online of the letter sent to Vice Chancellor Zurn; however, if you questioned the authenticity of the letter no one would blame you.
The letter to court was written rather unprofessionally, leading some investors to believe that the letter is not authentic.
We have been squeezed...to the last penny by yours truly AA. LMFAO
The crook is AA, and he will go behind bars pretty soon for stock manipulation through shady deals with Antara,
BREAKING NEWS!!!
Hycroft acquires claims near historic Mines.
https://t.co/QufolnmeBr
— Adam Aron (@CEOAdam) May 16, 2023
Now you can explain to your Ape brothers what an R/S does to a company and shareholder value.
Reverse Split is the slow death of retail and the roof just got higher for more room to drop lower, even the Judge has the common sense to stop the Reverse Split and these dudes beg to be slaughtered. I'm baffled to say the least.
You guys want examples ?> XELA, IMPP, MULN just Reverse Split, let me know where they are at, XELA split today and it is down Premarket already, un top of the fact that it dropped 50% on the news alone, what will a Reverse split do? nothing but help shorts cover less or not at all, besides...$AMC is not deficient, thus no need to mess with it.
On the news that the Judge put a stop order to the R/S the stock went to $6.20 from $5.11, when AA announced after the market closed on Friday that he reached an agreement with APE shareholder the stock is now back after just one week to $5.11
That tells you that everyone knows how bad a R/S is...simple.
No company has ever recovered from a Reverse Split, who's feeding you this info, the reason AA wants a Reverse Split is so he can dilute the stock back in the gutter, are you serious my man ?
From these levels it's easy to see a $50 PPS, after the R/S you will never see $500 PPS, never.
Wake up.
Since JPMorgan one of the largest Banks in America if not the biggest has officially joined the WSB movement and became an Ape with 150,000 calls for almost $800,000 and own a significant amount of common stock of almost 500k shares, expect to see a run tp $6.50 testing $7 PPS next week.
Market Screener confirms a run past $7 according to a 5 month chart also.
https://www.marketscreener.com/quote/stock/AMC-ENTERTAINMENT-HOLDING-15231781/news/AMC-Entertainment-Stock-Rises-After-Report-Amazon-Mulling-Buyout-of-Movie-Theater-Chain-Operator-43360296/
JPMorgan would not risk a dime in these financial crisis unless they are going to make out big, if they are betting millions then I have no problem betting thousands.
Hang in there and hopefully your finances allows you to average down before the squeeze we're about to witness, it is long overdue and well deserved.
Wake up and object to the settlement or get wiped out for good.
This Pig AA has the cojones to say that synthetic shares are not our problem, yet admits they exist.
Don’t forget when he said this . He knows what’s going on but blatantly ignores it , as if it’s not his job to protect his company and shareholders . pic.twitter.com/UMAmpQwRMD
— M (@Xayawaan1) May 11, 2023
Unless AA is gone along with the proposed R/S squeeze will never happen
This stock is worth $42.
https://fintel.io/so/us/amc/jpmorgan-chase-#:~:text=%24%201%2C035%2C000-,Jpmorgan%20Chase%20%26%20Co%20ownership%20in%20AMC%20%2F%20AMC%20Entertainment%20Holdings%20Inc,as%20of%20December%2031%2C%202022.
Jpmorgan Chase & Co ownership in AMC / AMC Entertainment Holdings Inc - Class A
On May 11, 2023 - Jpmorgan Chase & Co filed a 13F-HR form disclosing ownership of 138,325 shares of AMC Entertainment Holdings Inc - Class A (US:AMC) valued at $693,008 USD as of March 31, 2023. The entity filed a previous 13F-HR on February 13, 2023 disclosing 254,243 shares of AMC Entertainment Holdings Inc - Class A. This represents a change in shares of -45.59% during the quarter. The current value of the position is $738,656 USD.
Jpmorgan Chase & Co has a history of taking positions in derivatives of the underlying security (AMC) in the form of stock options. The firm currently holds call options representing 150,000 of underlying shares valued at $752,000 USD and put options representing 0 of underlying shares valued at $0 USD .
Jimmy... an R/S is a death sentence, cut the BS, it improves absolutely nothing, if AA resigns tomorrow we would trade at $200 PPS by end day.
It does not help when your CEO sleeps in the same bed with the Hedge Funds.
AMC Theaters' CEO, Adam Aron, has 255 employee ratings and a score of 63/100, placing them in the Bottom 30% of similar size companies on Comparably with 501-1,000 Employees and Bottom 30% of other companies in Atlanta. When breaking the CEO score down by factors such as department, gender, and ethnicity, we see that males at AMC Theaters rate Adam Aron higher than females, giving the CEO a score of 65/100.
AA turned APE against AMC shareholders, which is funny cause they both are Apes persay,
Joe Biden said that he isn’t prepared to invoke the 14th Amendment to go through the debt ceiling “yet.” But there might be some people in Congress who are okay with a default.
https://www.breitbart.com/clips/2023/05/05/biden-im-not-ready-yet-to-blow-past-debt-limit-using-14th-amendment-but-some-in-congress-might-want-default/?utm_medium=social&utm_source=facebook&fbclid=IwAR3EN2IK1EOiiokV7tX8ggwXazJv9RXIn95boyyBgW-gVt6SbnaacxOA5iw
As you may know, yesterday AMC announced our earnings for Q1 ‘23. So much progress for our path to recovery. Over 47 million guests in our theatres. Revenues up 21%. EBITDA up $69 million. Liquidity over $700 million. A huge slate of movies coming. #CHOKEonTHAT prophets of doom
As you may know, yesterday AMC announced our earnings for Q1 ‘23. So much progress for our path to recovery. Over 47 million guests in our theatres. Revenues up 21%. EBITDA up $69 million. Liquidity over $700 million. A huge slate of movies coming. #CHOKEonTHAT prophets of doom!
— Adam Aron (@CEOAdam) May 6, 2023
Smart money is buying big today.