Advisory Caution: Dear fellow APES
Although AA has been unusually bullish on the AMC Co. lately, claiming its "inconceaveable" they will file Chapter 11 Bankuptcy Protection this year. Beware of AA being "a wolf in sheep's clothing". He is being overly bullish now to PRETEND for the sake of making himself look like his on the side of the shareholders to protect himself in future court cases for defrauding and stealing from AMC shareholders.
I do not believe one word AA has said lately regarding the AMC business and its shares potential to run up with current management in control of AMC Co. If you believe the latest scam, look how he said a few months ago how the AMC share price will be 10 times the current price after the RS and all we saw is AMC share price fall by 90% after the RS was done when AMC stock was trading at $5 before the RS. He said if you are holding 10 x $1 bills before the RS, after the RS you will be holding 1 x $10 bill". How did that work out for you with the 1 X $10 bill? What we saw happen is after the RS was done we held 1 X $1 bill, loosing the other 9 x $1 bills. Now AMC stock is trading at $2.73 and where is the AMC share price going to go to from here?
1. If it goes back to $5 then we made 100% profit with our AMC stock in the short term and Ken Giffin, Citigroup, Virtue, Bank of America, Susquehanna, etc., etc. and all short position holders loose big.
2. If it goes to sub $1, AA can do another 10 to 1 RS to avoid being delisted from NYSE and wipe out 90% of your current share holding and account value in AMC stock.
3. If it goes under $1 and the AMC War Chest Cash Account as AA calls it, goes to zero, AA will be compelled to file Chapter 11 Bankruptcy Protection. Your AMC shares will be completely wiped out, and the $5 billion in debt will also be wiped out. AMC can come out of this Chapter 11 Bankruptcy Protection within 1 year and create a new AMC stock and give these new AMC shares to all the AMC employees including AA himself. All the old AMC shareholders will get nothing. So you see filing Chapter 11 Bankruptcy protection is a Win, Win for AMC employees and all the current Short holders. Since Ken Griffin and all his AMC shorting buddies can wipe out their short positions. They walk away with 100% profits (TAX FREE) since they will never have to buy back any new/old AMC shares to close their current AMC short positions. All of this is free, fraudulent, and stolen (from your brokerage account) money that is not even taxable because these short positions will never have to be closed. All of the current short positions just get thrown in the trash as worthless short positions just like options are treated when they expire out of the money worthless.
So why would AA care about the current AMC share price going to zero? In fact if the $5 Billion debt gets erased from the AMC books and obligations it would make the AMC company a much stronger, leaner, and debt free company when the new AMC stock ticker is released to the market. They could be trading it for $100+ per share on day one after they come out from bankruptcy. Where is AMC going to loose in this government (FRAUD) Chapter 11 Bankruptcy Protection law? It just says that AMC company can legally defraud its shareholders and anyone else that loaned them money ($5 Billion Debt loans).
I think AA is happy now because the share price is getting closer and closer to $0 value thus getting this "MONKEY OFF HIS BACK" which includes the $5 Billion in debt and all the 3 million shareholders that includes most of us here on this board holding these loosing and miserable AMC shares.
So if you are loading up now on AMC stock at all time low, you could be throwning good money after bad doing so. If Ken Griffin and the big short money are manipulating the AMC stock price down to zero so AMC would be forced to either do another RS or file Chapter 11 Bankruptcy Protection when their $1 Billion (War Chest) cash in the bank runs out. I suspect AMC management is going to run to zero the War Chest Cash in the bank in the coming year and will file Chapter 11 Bankruptcy Protection in 2025 or 2026 to erase their $5 Billion in debt and force us out of a majority shareholding positions. I am also not expecting the AMC stock price to ever go higher then $3 in the current 2024 year.
You might say to yourself why am I being so negative now. Because the situation with the AMC stock now is very negative, its because I care about all the AMC APES loosing the last piece of value they have in their AMC stocks. I told you all here to sell a few weeks ago and you all thought I am being foolilsh and some of you brought more in the $2s and $3s and now we are at $2.71 and looking down over a small cliff to Zero or RS or Chapter 11 Bankruptcy or both.
I truly hope I am really wrong about my current analysis of the AMC Co. But if it looks like a DUCK and quacks like a DUCK and flies like a DUCK it must be DUCK. Do not assume this DUCK is an EAGLE or a SWAN that will rescue your losses out of this bad AMC stock investment now. I just dont believe in miracles or any last second rescue from the law enforcers (SEC, FINRA, etc) of Wallstreet. Because they are nowhere to be found on this AMC play. Because Wallstreet does not care about you or your investments. All Wallstreet wants to do is transfer your money from your account to their account leaving you poorer for investing in these meme stocks like AMC.
It hurts me very much to say what I have posted here, but if someone reads this post and takes positive action to protect their portfolia by getting out of AMC stock early enough. Then its worth the time I spent thinking and writing my opinions on what is happening now with AMC stock.
As always all these conclusions are my DD and speculative opinions and I could be wrong. So do your own DD and think about it with common sense and reach your own conclusions and do what is good and profitable for you. Please do not curse me or praise me if I am right or wrong in the coming year. Just do what you need to do to protect your money before AA and management take away the rest of what you worked so hard to earn and invest in this AMC Co run by a bunch of criminals who should be in prison and not defrauding and stealing from retail investors by manipulating the AMC stock price each and every day.
GLTA AMC Shareholders I wish you all all the best and most profitable future in whatever you do.
Take Care and remember its only money we are discussing. Its not worth to get your health affected by it.
