InvestorsHub Logo
Followers 1
Posts 194
Boards Moderated 0
Alias Born 08/28/2023

Re: None

Tuesday, 04/09/2024 1:50:09 AM

Tuesday, April 09, 2024 1:50:09 AM

Post# of 19517
Why would AMC dump investors money on a scam mine when AMC is fighting bankruptcy? Answer: It was payback.

The connection between AMC and Hycroft is purely to use meme investor’s money to delay bankruptcy for both companies. HYMC was taken public through its merger with blank-check company (SPAC) Capital Acquisition Corporation in May of 2020. That business is tied to investor Jason Mudrick, whose investment firm Mudrick Capital Management injected $100 million into AMC in December of 2020 to help the theater chain avert bankruptcy. AMC’s CEO returned the favor by selling new AMC shares at meme hysteria inflated prices to buy stock in HYMC this reaped a $56 million dollar infusion keeping HYMC afloat and to bring in inexperienced investors that have zero understanding of how mining investments function.

Get your AMC rebranded popcorn and watch the fleecing of the morons by both AMC and HYMC. AMC and HYMC are the real criminals in all of this.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent HYMC News