APE is at $1.53 and AMC at $5.08 now because some of the APES have filed an insane lawsuit to sabotage AMC management ability to merge APE into AMC and do RS. Why would management do so much harm to the AMC common shareholders??? Ask yourself that question? I am sure they knew the responce by many APES to stop this process. Well here are the facts as I have seen them with my own eyes:
I go to AMC theaters 3 times per week for a monthly fee of $24. I am a member of the AMC A-List. During the week end if I am going to a blockbuster movie (Top Gun, Avatar, etc.) the theater is 90% FULL during the first 2 weeks of their showing.
If I go to see these same movies and others that are not blockbusters, the theater is 90% EMPTY during any 5 week days. Yes I get great seats because I can space out 1 person for every 4 seats. For a total of 12 people tops per theater showing. This is an indication of a business that is struggling to pay their bills. Not even talking profitable.
Please go to your local AMC theater during the week day, say at 4:00 PM and see how many seats are occupied. That should tell you something about this business and how well it is doing now. I see no value in AA buying more theaters from Regal or other bankrupt theater chains if AMC cannot fill most of the seats most of the time.
So if they are not selling enough seats to pay the bills, what will happen when they burn through all the cash we gave them 2 years ago ($600M left now) by the end of this year 2023???
That is why AA and management wants to merge APE into AMC and RS the two in order to have a smaller float, at 10 times the price. So they can sell 100+ Million shares at $40 - $50 PPS, and get $4 - $5 Billion in cash and pay off all or most of the debt. Once the big $5 Billion debt is payed off, its much easier to deal with a theater business that is not selling out all their seats most of the time. It also means once we have no debt the business will not be such a target by shorts who believe they can drive it into bankruptcy. No short wants to hold a short position with a stock whose company is moving into profits and able to pay all their bills. Why is this concept so difficult for so many APES to understand. A squeeze will never happen if the shorts believe the company will file BANKRUPTCY in 2024. If I was short I would just hold on to my short position and wait for the weight of the APE lawsuits created by some uninformed/mislead APES and who indirectly drive the company into BANKRUPTCY buy delaying the merger/RS/sale of stock process.
Everyone is entitled to their opinion. But consider the facts I posted here next time you preach how terrible AMC management is and how you are being defrauded. You were defrauded the minute you entered this AMC long stock position on a speculative play. No one promised you a rose garden and gaurantee that its always going to go up when you need it. My mistake is in holding the shares too long and not selling out when I was above water. Now I am a RED loser on paper like the rest of you paper losers and I feel the pain. Forget the MOASS or squeeze, the powers who control Wallstreet will never leave themselves vulnerable to attack by retail share holders like they did with GME and AMC in 2021. They have put safety measures (HALT TRIGGERS) in their trading computers to stop any possibility of a short squeeze. It is probably sanctioned and approved by the Biden Administration to protect MMs/HFs/Brokers from major market failure.
So remember this, the way things are going with the dumb APES in charge. Either they (MMs/HFs/Brokers) go bankrupt or we (AMC Co.) go bankrupt. I think AA is trying to keep the AMC Company afloat the best way he can. Although I do not approve all the moves he made and when he made them in the past 2 years, I think he is trying to fix HIS mistakes of the past 2 years.
GLTA REAL AMC APES
