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AMC almost an Official Penny Stock ($5 and below). Is everyone still saying to buy,buy,buy???. This is sad.
Lucky, Wonder if Arnie knows this info.
Here's what is written>>>>>Upon Court's inquiry, Mr. Coppedge stated they have reached an agreement with Mr. Dreitzers' client to purchase their preferred shares of stock. Counsel planned to have this closed 2 weeks ago, but has been complicated as Mr. Holmes is now in Hospice. Court Ordered-Matter Continued to 2/8/23 9AM (Pacific).
New Tweet from StockRunners(@runners_stock) about 6 hours ago(10/31/22) showing the Agreement between both parties (HOLMES and Acropolis) but it is being held up because Holmes is in Hospice. Doesn't the family have Power of Attorney by now to sign off? Everyone should have a look this paperwork to court. On Twitter Now.
Not a lot of traders outside U.S., Most of the Buying and selling is being done out of Canada.
With no LLBO buy trades allowed in the U.S., it is a killer for trades. Only can sell here, rest of world seems to be able to buy. Waiting for PinkCurrent with SEC and OTC. Canada allows trades.
How far away does anyone think before a KATX Merger is announced? Only reason for asking is KAST, also an original Acropolis Custodianship has been waiting longer for Merger. Not to mention LLBO,also Acropolis waiting for PinkCurrent status over 1 yr.
Does anyone know what his means? Anyone have more info? Thanks.
Thanks Get Ser, Hate to be totally negative, but what happens to Shareholders of LLBO if they cannot make it PinkCurrent? What would happen next? Especially when Acropolis promised a lot to get Custodianship away from Holmes and won over Shareholders.
GetSer, you're right, but with four 90 day extensions, that's a lot of time for Lawyers to straighten this out, don't you think? Now they get another 120 days. So Custodian companies can take over companies, and if it does not work out, they just throw it back.? Is that what you are saying?
get
The Judge is David M. Jones. District Court, Clark County Nevada. Maybe someone can get his Email address?
Not much, waiting for KATX Merger. Caren Currier is in charge of finding merger. Also watch LLBO waiting for PinkCurrent then Merger( also Caren Currier)
$5 and lower is considered a penny stock. So why is everyone still on this board expecting to make big money with a borderline penny stock like AMC or APE? Has anyone even noticed or realized how low PPS is? Denial.
Something to think about, Acropolis and LLBO lawyers have had at least four 90 day extensions to straighten out dealings with Holmes Family, and still hasn't been completed yet. At this point they should be working 24 hrs. a day, 7 days a week. How can Legals have that much time and not straighten this out. Anyone noticing this?
Not one tweet from Caren Currier since Sept. 23 on anything at all. Total silence. When Acropolis was just getting the 3 Custodianships last year, they promised Shareholder Value comes first. Now we don' even exist.
PPS drifting lower and lower. Caren Currier and Acropolis have disappeared. Hope she is is working on a Merger, looks' like we will be the last to know.
Face it, this is just a dead stock. No one wants to short it anymore and chance of a MOASS is extinct.PPS is far too low. Face reality. Heheheheheheh!
Wonder what GetSer has to say about this. Shouldn't Holmes family be Power of Attorney and be working with Acropolis Lawyers if Holmes is hospitalized? What more could SEC need so they can file Form 10?
StockRunners twitter responded to me , and that is where I learned about Holmes being Hospitalized. Apparently that is what was said at the Hearing in Nevada yesterday. You may be able to view the hearing. Remember Holmes is 87 yrs. old now.
Arnie, Just saw on Twitter, Lawyers said Holmes is Hospitalized, and this would have been last step with him so they could have Filed Form 10. Now they have to wait, that is reason for 120 day continuance. Maybe Family has Power of Attorney and can get this completed and Form 10 filed.
More like Still holding weakly, and waiting for Bankruptcy!
Arnie, What are your thoughts now, with basically the same decision at each Hearing. They had 90 DAYS and could not complete their task, and they promised the Judge they had everything from Holmes. Now the Judge after 1 1/2 years says no problem , have another 120 day continuance. Nothing said about contacting Shareholders who are waiting. just more needed From Holmes. Maybe you can Email Holmes and ask what else they need. Thanks.
Thanks JMoney, I thought they said they had everything from Holmes that they needed at the last 2 Hearings. Wonder what more they needed. This is very Deflating to hear. Did anyone mention the Shareholders at all?
Anyone hear anything on Hearing today? Had to go out for the day. Please let us know.
Recession is coming in the next year. Many saying (Jamie Diamond too), that another 20% drop in Markets is coming.. That's 6000 more point drop to come on the DOW. Where will AMC and APE be especially if no one goes to theatres? Possible .50 cents and $2.00 PPS. Keep on Buying I guess, as most would say on this board.
Doesn't the Judge know these continuances do not help shareholders? Wasn't the Shareholders the biggest thing when he awarded Custodianship to Acropolis?
Arnie, they have to File a Form 10 first, and that sometimes takes 60 days to go through. That is why I keep repeating myself as to why they can't even file that Form while we wait. Got a feeling another continuance is coming. Question is WHY? Why can't they even talk to us?
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.