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Stockman1010101

04/16/21 6:19 PM

#24385 RE: footballref-8541 #24384

So if they do not need it now. Why approve it now?
Its like giving someone a gun with bullets and say do not use this gun, even if you suspect a burglar is coming into your house.
I am willing to bet somebody if the vote does not pass on May 4th, that the Company will come back 6 months or 1 year from now and ask for it again. If their situation was that bad I am sure they would ask for it immediately in the near future. Lets hope it never gets that way. I am betting the farm with my investment shares that the company will be richer and more profitable by 2022 and they will never need to use these 500M shares for anything. So voting NO now does not take anything away from the Co ability to recover if they need it in the future.
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Melvin Capital

04/16/21 6:28 PM

#24390 RE: footballref-8541 #24384

Agreed if they get the approval they can dump the whole 43m shares on the market now. As of right now they have to retain 20m shares so that would allow 23m to be sold now. If they get the 500million approved they can just dump 43m now anytime they see fit since they will have approval for the 500million. I think they have had a great deal of dilution in the past 12 months already then you throw Wanda into the mix selling shares we have had a lot of knock downs with dilution already. AMC and Wanda Will sale more shares well before this thing rockets they would probably be very happy with the 20’s again.