Just an average #AMC#APE#GME#HYMC enthusiast. Love the stocks and wait until WallStreet becomes a transparent fair market for us.. the individual investors.
Social media conspiracy
theories about AMC and Roadside’s movie City of Dreams are such sheer utter nonsense. Needless to say, we only make money when we sell tickets not if we suppress ticket sales. Sometimes the craziest stuff circulates on the internet.
AMC will sell more tickets for City of Dreams than any other movie theatre chain on the planet.
Similar horse manure conspiracy theories circulated last year about AMC and the movie Sound of Freedom. They were completely bogus, and thoroughly debunked.
Some people just regurgitate what others say. But where does all this balderdash start?
In my view, the best theories as to why this happens are:
— Either short sellers and/or others want to trash AMC because they wish us harm, and have a vested interest in trying to hurt us, even if nefariously so.
— Or, some people out there — how can I put this politely — aren’t playing with 52 cards in their deck. #LessThan52CardsInTheirDeck
— Or both.
Poll question at bottom but explanation first.
Some of you will recall, I published a book (a few apes - very few - know who I am & have been kind & purchased it, some even posted reviews.)
I know i've asked this before & it's been a difficult decision I never fully decided. I'm back and forth on, "no shills," vs "we're a community and it's great to share our work and have support". In 2021 I personally bought two apes' books for exactly that reason. I'm also balancing connecting my private life to this account vs keeping that separate.
Being an Indie author has been challenging - in that it's hard to be in the path of readers and, I find myself reconsidering sharing my work. I'd appreciate a "temperature check" if you wouldn't mind responding and also would appreciate if you would consider reposting this poll for more feedback. It'll help me decide if it's even worth considering (I know how much I'll be attacked if I do this, and I don't take it lightly. I also know many of you are wonderful and would support me.)
Poll: If I out myself and share about the book, which would be your response?
$amc
RICO LAWSUIT AGAINST BROKERAGE FIRM TRADESTATION 🚨
TradeStation allegedly profited from selling their customers “COUNTERFEIT SHARES” ⏬ RT
TradeStation admits to their customers they no longer have enough shares to transfer over to AST making all shares counterfeit $MMTLP
@blackwidow_evil Not voting gives kind of support for something you do not like. But the wallet is maybe something important to consider. Better you vote as well for your children or as if you had some. What is in their best interest? My opinion. 😘
Facts:
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The main owner of #AMC at that time was the Dalian Wanda Group. So THEY set the strategy. However, they needed a capable CEO who could manage it all. That's why @CEOAdam was chosen.
Shortly after the acquisitions, however, the Dalian Wanda Group withdrew from the U.S. market under pressure from the Chinese government.
This was also a major economic blow to AMC, as it involved unplanned expenses. What's more, from that point on, there was no financial backer willing to finance the process as it progressed.
But this roll-up strategy led to AMC becoming what it is today: the largest theater chain in the world (and probably thats the reason why it was able to build a distribution business).
AMC had 387 theatres at the end of 2015 and 1008 theatres at the end of 2019.
A roll-up strategy also includes the subsequent optimization of the entire corporate structure. Depending on the business and circumstances, this can take several years. In the cinema business, for example, this is also due to very long-term leases for the locations.
However, when this process is interrupted by an unprecedented wave of restrictions (C19), followed shortly thereafter by one of the longest actor strikes in history, these are events that hit a company in this vulnerable phase much harder than similar companies that are not going through this process at this time.
#AMC continues on this path of optimization; for example, at the end of 2023, AMC had only 898 locations. Some underperforming locations have been "swapped" for new, better performing locations.
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AMC's history shows that the company and its managers have suffered many low points through no fault of their own.
Time and again, however, AMC has bounced back. This has sometimes been painful, even for its shareholders.
But that is the only reason AMC still exists in its current form.
Insolvency would have meant that shareholders would have lost any residual value of their investment. Value: 0 / zero
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BTW:
The cash amounts that Adam Aron, for example, receives do not represent the total compensation that is often reported. RSUs and PSUs have a more passive effect on the balance sheet.
It's not uncommon for a smaller company like Cinemark to pay its executives less than @amctheatres.
The number of employees a company is responsible for can also have an impact (AMC 33.8k vs. CNK 26.8k).
Cinemark cannot be compared 1:1 with AMC, as there are too many differences, including locations.
AMC and its BoD have been demonstrably working in detail since at least 2021 on models that deal with how AMC can operate profitably and sustainably again even with a lower DBO (project: "$8 DBO").
This process simply takes time (and money in the meantime).
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By the way, I don't see any constructive suggestions for improvement from you.
Did I miss them? Or don't you have any and make it easy for yourself because bashing requires little effort?
Brett Harrison, former head of FTX US, has made a long thread regarding FTX US and his time there.
In December, Unusual Whales spoke to SBF where he said tokenized shares of $AMC, $GME were backed 1:1.
Here is a video of Brett saying the same from Sept from a AMA with Reddit.