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This is nothing yet, Jamie Diamond just talked about the 20% drop to come. That is another 6000 point Drop. Where have you been???
If Recession kicks in in the next year as they say(Market may drop another 20%), AMC may drop so low it will be a pennystock. Everyone should have shorted this while they had a chance.
It is tomorrow the 12th, at 9am Pacific time.
GetSer., good to hear from you, hope you are right about LLBO getting PinkCurrent,. Shouldn't these Lawyers reveal to the Judge and Investors reasons why SEC and OTC are not making it Tradeable? They must know.
There is shorting in almost every stock there is. You make it sound like AMC is the only stock being shorted. Shorts will always be here, they have bad days too, like last year with AMC. Supposedly SEC likes shorting to keep the market interesting.
Shorts are going to cash out as this falls. Only chance for a MOASS is gone. If recession kicks in, the empty theatres will get emptier.
AMC and APE are done. MOASS is done. APE barely $2, and AMC approachng $6. What will PPS be if recession hits?????? Pretty soon no one will be on this message board. All the loud ones are gone.
Arn, Wouldn't the Lawyers have announced by now before the Hearing if LLBO got PinkCurrent. They don't have to wait for the Judge for that. PinkCurrent should have happened already. SEC and OTC are holding back on this for a reason. Hope it can be fixed.
Thanks Arn, I guess they handed LLBO to Caren Currier and she is just as silent as Acropolis.
I agree also, but there has been no movement on Acropolis website for such a long time, it just doesn't make sense. Besides the website, there is no info on them at all. Can you find a Street address for them Arnie?
Arn., I'm really starting to wonder if Acropolis really excists. It's been over a year since anything has happened with Acropolis. It's almost like someone made them up. Is that possible?
Arn, 8 days till hearing on LLBO. Hard to believe there is no one that anyone can contact and answer questions about the Custodianship or SEC,OTC decisions. It is like no one is in charge. We are basically forgotten.
AMC looking more and more like what happened to Blockbuster, only difference is one had stores and the other has theatres everywhere. Cramer was right again and Shorts are in Control.
Biel has products in most drug stores, it has sales, even if only a small share, so it is hard to figure how PPS is so low(.0007 of a penny).Shouldn't it be at least .10 cents at this point even with the amount of outstanding shares.
They haven't covered because they know this is going lower and they can make more money. At this point more should be shorting this.
$10.70 PPS added together. Guess it's average down to break even or cut losses time. There are better stocks out there .
This is barely holding $10 between the two together. Short sqeeze is gone, maybe everyone should just Short from now on. The dream is over. No MOASS!
Most times a buyback means PPS goes lower. Short squeeze with this is basically gone.
Barely holding at $10-$11 added together. If you keep averaging down it will basically be worth nothing. Good luck with this.
Does anyone have an idea how high PPS could go with this Buyback Program and when does the buyback happen?
So I guess that Very Large Poll means nothing. It's very obvious where theatres are heading. Future is home on TV. Try to remember when Computers and Cellphones First came out. Who could have known. Not too many Phonebooths or Homelines around anymore, not to mention sending letters by USMail(EMail now).
I said it before, but has anyone noticed 0 TWEETS from ACROPOLIS after Nov. 11,2021. They tweeted almost everyday during the Custodianship Hearings at the start. On their Website, the only update is from June of 2021. Anyone find this a little strange. Seems like everything was created to win over Courts and Shareholders. Very Odd!!! Now they don't need us.>>>>>>Thoughts Anyone?
This is why Cramer says this will not end well for everyone. AMC has so many theatres Empty all over the country, and this POLL tells you why. Theatres are too expensive and it's easier to stay home. You really have to watch out for Bankruptcy eventually. Good Luck.
No matter how everyone looks at AMC, it is an $8 stock and dropping. I don't want to hear add APE's PPS in. Never heard of adding 2 stocks together to get PPS.
Arnie, EEGI has 8.2 Billion shares compared to LLBO with 3.2 Billion shares. Sounds like eventually LLBO would be the better Shell for a Merger because of less Outstanding Shares than EEGI.
GetSer, You are right, but as this goes on, why can't Acropolis Lawyers tell the shareholders what the problem is as to why it is untradable.
I tried to purchase shares through TDAmeritrade and it was denied. Didn't realize it wasn't Pink yet. This is why I say it takes time before it trades.
Thanks JM, So it is waiting for a Merger? And is it considered an empty shell?
JMoney, How good is Pennystock ( EEGI ). Is it a custodian stock with possible merger. I just noticed it on Twitter. Let me know. Thanks.
JMoney, Why can't they file the Form 10 now, because sometimes it takes up to 60 days before a stock trades after filing the Form. Wonder why they wait till the Hearing to make these decisions.
What are odds they get another 90 day extension in Oct. Is that possible?
Bottom line folks. this movie theatre stock is going nowhere. Last year was a fluke no matter how you try to recreate it($72>PPS). What makes it worse, it's 2 different stocks now.
Bottom line folks. this movie theatre stock is going nowhere. Last year was a fluke no matter how you try to recreate it($72>PPS). What makes it worse, it's 2 different stocks now.
As far as Custodianship goes, Caren Currier is supposed to be the savior of Custodianships, but so far not much is being done, As far as Acropolis they are missing in action.
Sept. 13 is 60 days for LLBO and nothing 's been done to get it trading yet. After the coming week only 30 days will remain till Oct.13 Hearing with judge. Confidence level is low that anything will be resolved.
Thanks for the news from 2008-2009 on movie theatres. At home Movie networks have doubled and tripled from 2008 and theatres charge $15-$20 per person in 2022.That's costly for just a place to go when you can see it at home for free or a couple of bucks.
Go to any theatre in America or World Mon.-Thurs. and count the number of people in each theatre. It's too expensive now($15-$20) for 1 person admiss. to AMC. Most can see movies at home now.
Basically it's over, and not going to happen. Free trading and Government Money handouts are gone, that is what spurred the Squeeze last year. It was the perfect storm. People don't have that xtra money anymore. Time to move on.
So basically; if AMC and APE have a short squeeze like last year's PPS $72, it would look like this >AMC=$45 and APE=$27. Sounds like the Short Squeeze era for this stock is over. >(Most on this message board said AMC PPS was going to $500)>Good luck with this!
Very soon most may see cinemas only open 2-3 days a week, probably Fri.,Sat., and Sun.>> They are Empty Mon-Thurs.>>.Future is glim.