Many Twitter reports to me indicating 9.3 trillion APEs are outstanding or we have a $409 billion market cap. Clearly both WRONG. Either a data service inexcusably is in error or someone criminally photoshopped bogus numbers. To the extent possible, we’ll aggressively chase this.
Market Watch currently showing 93.79 billion APEs outstanding. Clearly WRONG, wildly so. We are calling them now demanding this get corrected immediately. Also reviewing many other data sources to check for accuracy. So curse-word-here irresponsible that they publish false info.
If Citadel believes that our claims are false, we demand that they show evidence proving that our claims are untrue. We know that they have seen our tweets because they tried to silence us with a cease and desist. If Citadel fails to release a statement or provide any evidence, their silence will be taken as an admission of guilt, as they are not capable of providing any proof to counter our claims.
Mark your calendars. My next 4 hosted movie screenings — Sun April 9 in Boston AIR, Thurs April 20 San Diego MAFIA MAMMA, Fri April 28 Las Vegas BIG GEORGE FOREMAN and for you German Apes Sat May 13 Berlin GUARDIANS OF THE GALAXY VOL. 3 Theatres, times, ticket info coming soon.
Many of you, and we, are aware that AMC Entertainment has been on “The Threshold List” for 3+ weeks, indicating a number of FTD’s. Some of you may be pleased to learn that we have contacted both FINRA and the NYSE asking that they both look closely at the trading of our stock.
The free Gourmet Oreo Popcorn to U.S. AMC Investor Connect members can be used through 3/31/23. Here is a fun idea for all AMC U.S. moviegoers. To celebrate National Popcorn Day tomorrow, for one day only Thurs Jan 19, our salty buttery AMC Perfectly Popcorn is half price! Enjoy!
AMC Perfectly Popcorn is HALF PRICE all day today at all our U.S. theatres in honor of National Popcorn Day. See a movie tonight. I recommend: Avatar: The Way of Water, M3gan, A Man Called Otto, Puss in Boots, The Plane, The Fabelmans, The Menu & Black Panther: Wakanda Forever.
If you question why AMC keeps on raising so much cash: In tough times companies who don’t, just die. #2 chain Regal filed Chapter 11 bankruptcy because it ran out of cash. Of their 546 U.S. theatres, the bankruptcy judge was just told they now intend to walk away/close fully 108!
More AMC shares and APE units vested yesterday, bringing my current ownership after income tax paid to 1,097,199 AMC shares and 1,348,138 APE units (not including future vestings). I am AMC’s largest retail shareholder. I will not sell any of these any time soon. I ride with you!
I know how to thread tweets and have done so many times. But here is an interesting Twitter learning that may be surprising. My embedded add-on tweets generally have had only 1/3 to 1/2 the readership of the first tweet in that thread. As I want the message out, I avoid threads.
Yes, absolutely yes. We are asking for financial sacrifice only from those at the very top. It is hard to recruit workers. We must pay our people fairly. Indeed, wages for our “film crew” (hourly workers at our U.S. theatres) have been rising by double digit percentages.
3 of 3/ No increase for those at the top is the right thing to do. I have fans and bashers on Twitter, those who agree or disagree with my decisions. But know this: my motives are pure. I try as best as I know how to lead AMC through the painful aftermath of this horrid pandemic.
2 of 3/ Despite high inflation, I also “asked” our most senior officers (15 - 20 executives) to forego an increase to their cash salaries for 2023. When CEO’s “ask,”execs to their credit usually agree. I sincerely thank them for that. AMC has a very dedicated management team.
1 of 3/ Biggest inflation in 40 years, so in 2023 companies will grant large % salary raises. But I do not want “more” when our shareholders are hurting. So, I recommended to the AMC Board to red circle and freeze both my target cash and target stock pay for 2023. NO INCREASE.