InvestorsHub Logo
Followers 3183
Posts 208744
Boards Moderated 2
Alias Born 02/04/2004

Re: amc post# 136674

Friday, 10/07/2022 10:07:18 AM

Friday, October 07, 2022 10:07:18 AM

Post# of 142903
amc, a 1000/1 reverse split is a total and complete wipeout of shareholders. And mgmt at least deserves credit for flat out stating/informing the market masses that the only reason they're proposing the r/s wipeout crucifixion is so they can try to generate fresh dilutive financing in the post r/s capital structure if FINRA approves their proposed r/s.

There's no revs being generated here and they possess no assets...and their last Q also flat out states that they can no longer find any OTC funders to raise monies from.

So there's no uber secret chess games going on behind the scenes from the insiders...mgmt is just trying to survive like every other pos-land table in the OTC that generates funding from selling discount shares.

At least the proposed r/s filing has succeeded in generating liquidity making for tons of trade opportunities now through the end of next month when the masses will eventually find out if FINRA grants/approves the r/s good luck.


Never buy or sell based on my posts! My posts are just my opinion!