AMC Entertainment Holdings Inc (AMC)

[Prudent Capitalist]

Understand your position bio. But, the reason the APES opposed the issuance of more common shares back then was clearly flawed in that they claimed there was going to be another huge short squeeze or MOASS, even though the short squeeze which took AMC to around $73 had run its course and was clearly over. But the APES apparently believed, as widely touted in their campaign against the issuance of more shares, that issuing more shares would kill any chance of another MOASS, etc. even though that was never going to happen and still isn't going to happen. AMC shares were left grossly inflated and there wasn't ever going to another short squeeze or MOASS. So, yes, it is looking back a couple of years or so, but that killing of the issuance of new shares for AMC to sell and erase a ton of debt with relatively very little dilution was a huge mistake on the part of the APES. And they are suffering for it today, with the share price languishing just over $10, which equates with $1.00 pre-RS, or around 2% of where AMC was selling at the time AA and the company proposed the plan that was killed by the APES.