Replies to post #88434 on AMC Entertainment Holdings Inc (AMC)

[Prudent Capitalist]

Adam Aron tried, in keeping with his fiduciary duty to act in the best interests of shareholders, to issue more shares when AMC was trading at ridiculously high prices last year, which meant far less shares would have be issued to raise the sufficient cash necessary to reduce debt. But too many AMC shareholders, i.e. APES, refused to grant the authority, which was incredibly stupid. So now, those shareholders are getting what they deserve. The notion of a looming MOASS, and the alleged fight with supposed "hedgies," is pure fiction, nothing but a Fairy Tale. The hedge funds moved on from AMC many, many months ago back in mid-2021