Replies to post #56019 on AMC Entertainment Holdings Inc (AMC)

[senordarkness]

Read the filing and so what as I mentioned if you had basic reading comprehension it is not about when they are introduced right now, it is about when it is communicated they will be introducing more shares. Perception is reality.

Go back and listen to Trey and/or Matt and how they also though the communication impacted the buying / selling. Whether you think the price dropped only because of halts or not, it appears many others think the introduction of more shares (that was communicated poorly) had an impact. I being one of them.

[senordarkness]

This was June 3rd...Pretty sure even most of the financial news agreed that it had an impact last time.



In the last week, AMC has sold 20 million shares in two separate deals, generating around $800 million in cash. The first transaction involved Mudrick Capital, which paid more than $230 million for 8.5 million shares. Then, AMC revealed Thursday that it had sold an additional 11.5 million shares for $587 million.

The latest stock sale made for a wild trading day for the stock Thursday. Shares closed down nearly 18% at $51.34. In premarket trading Friday, the stock was down 7.4%.

[cadillacdave]

And maybe the HF wait it out for a few months until the shares are released to push it down further so they don't have to cover and avert the squeeze.