AMC's acquisition of an interest in HYMC seemed like a sound investment at first glance. But, digging a little deeper on the DD revealed what a mess things have been with HYMC and how desperate they were for in injection of capital to try to get back going again. The biggest red flag is the fact that just one week prior to the announcement of AMC's joint investment with the other entity, HYMC's shares were trading in a range of .30 - .33, and in the days leading up to the AMC investment there were huge spikes in volume and price taking AMC up to $1.39 the day before the announcement. HYMC has since pulled back closer to the $1.193 price AMC paid per unit.
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