So as the first hour of AH trading in #AMC finishes, I want to point out two things:
1. AMC is up 18% in trading at $6.17, not down as some Denethor's predicted.
2. Adam Aron did not say a single word today to disrupt the rally.
3. Ok, three things, despite #AMC being up as much as 93% today, I do not believe there was a single halt.
On the third point, I can speculate that #GME had what 8 halts? And #AMC had none because the option chain in GME was perhaps more dangerous. I do find it surprising #GME price action slowed down in the afternoon whereas #AMC speed up. There has to be swap connections with these stocks, leaving out KOSS which seems to have a highly mutable correlation with #GME, but when its positive, its very positive.
Anyway. I am reluctant to say this time its different to all the Denethors, but there is a lot going on..BIll Hwang, CAT's, T+1..yeah, Roaring Kitty didn't cause this, but he likely waited to announce his return at the perfect time.
https://t.co/Zb3KjJ5MXR
I am delighted to share this extremely important news with all of you. AMC has successfully raised $325 million of new equity capital through the issuance of 40 million shares via our at-the-market equity raise, which started September 6 and which now has been completed.This material increase to our cash position means that any talk of immediate and imminent financial collapse right now by AMC is moot.
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We still have many challenges, including Hollywood must resolve the current actors and writers strikes. But regardless, AMC is now a much stronger company given our increased level of cash.
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Like you, the coming together of AMC common and preferred stock along with the reverse stock split in August decreased both my number of owned and granted-but-unvested AMC shares/units. So, I currently have an economic interest in more than 800,000 AMC shares now, rather than the more than 8 million AMC shares and APE units previously.ย
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In turn, that means I personally experienced the great pain felt by all AMC shareholders at the recent decline in our stock price.ย
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Looking though to our clearly having extended AMC's viability, it is comforting to know that AMC has strengthened our company by so significantly increasing our cash on hand.
@taylorswift13 I donโt know if you have been following the $AMC situation, but your decision to work with @AMCTheatres has given millions of people across the globe, who have been standing up against Wall Street elite and fighting for market fairness, a huge boost of confidence. Thank you. Of course it would be YOU who would help us raise our collective voice against corruption, even if by association.
โค๏ธ #TAYMC #AMCNEVERLEAVING โ๏ธ
I got forty-nine problems but Taylor Swift ainโt one. $AMC #AMCNOTLEAVING@SECGov Really? Seriously? You need to rewrite your โmissionโ statementโฆ not protecting anyone but the folks at the top.
Wow let's go #AMC
See this is how supply and demand is supposed to works. Once it's sold out there is no more to sell.
Except #AMC could add some more theatres because we own them. ๐ฆ๐ฟ
Taylor, Taylor, Taylor. Record-setting Taylor Swift. Great seats available October 13 through mid-November. And all are reasonably priced at $19.89 for adults, $13.13 for children/seniors (plus tax). Get your tickets now: https://t.co/VjpydLP9qi
Taylor Swift's "Eras Tour" concert film is coming to AMC Theaters and more on October 13. Standard tickets are $19.89 for adults (plus tax) and $13.13 for children and seniors. https://t.co/OTRnlS1yCZ
OCTOBER, ๐ ๐๐๐๐๐ ๐๐๐ ๐๐๐ญ๐ก
GOING TO BE A ๐๐๐๐๐ ONE FOR THOSE ๐๐๐๐๐๐๐๐ $AMC. ๐๐ฐ๐ฐ๐๐๐๐
โKarmaโ by Taylor Swift (fckd ๐ฉณ remix)
โCause Karma is a margin call ๐
Karma is a squeeze ๐
Karma is a million popcorn monkeys ๐
Makin you bleed, drop by drop, at an #AMC
$AMC #AMCArmy#TaylorSwiftAtAmc ๐ฉธ
Do you guys realize what just happen? Adam Aron is making it so that every theater that isnโt AMC will be paying AMC to show the Taylor Swift concert
Movie theaters are paying AMC to show a movie
How else can I put this
๐ ๐ฐ ๐ Fuck Jim Cramer #AMC