Yes its true. They finished the selling of AMC at average price of $3.45. They should have waited till today and they would have gotten $9.65 for these same shares and cleaned up another $100+ million dollars for their War Chest. Just goes to show how AA is not a very wise money manager and the people advising him are a bunch of degenrate/moronic fools and who have no clue how to make or manage money and get out of massive debt that they are in. On scale of 1 to 10 I would give AMC management a 2 for how they are managing the bottom line (the money making) capabilities of the AMC Co. If they want to do better they need to study how GME management manages their money state and why they are now in ZERO DEBT situation (while GME revenue is in a quarterly loss situation), while AMC Co. has a $5 Billion of debt situation struggling to stay afloat (with over +$1 Billion in revenue per quarter).
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