That's the driving force of the 100k talk is that hedge funds will be paying it. What we are hoping happens is that after the vote/share count on June 2nd, if there is an abnormal amount if shares over the 500 million or so, that it will force a share recall. A share recall will force a closure on short positions. Nobody in their right mind would ever pay 5 grand for a share of AMC unless they are forced to.
[Reply]

I dont think it'll ever get to that point. Uncle Sam will step in before that happens and save the hedge fucks.
[Reply]

KChiefs1 says he's putting $429k on AMC Tues morning. If true that should move the price a bit.
[Reply]

Yep, him buying 16,500 shares should do wonders to the price.
[Reply]

I was looking at the options chain a while ago and was thinking HOLY SHIT! Look at all the contracts at $130 +.

Then I realized I was looking at AAPL.

FUCK!
[Reply]

Where a beginning investor should put their first $1000. :-)


[Reply]

I am in, looking to retire if this thing goes well
[Reply]

And if it doesn’t, work another decade?
[Reply]

^ Fun at parties.
[Reply]

JBS

Yesterday rumors flew that JBS had been hacked and shit was going to hit the fan on the live commodities side. Today they've quietly confirmed something did happen. The company has been raping and pillaging for months, and it's still green right now, but if people overreact and drive it down this week it might be worth watching as a cheap gamble.
[Reply]

Bought 20 more shares at $29 .LOL
[Reply]

When I bought at $26.12 it immediately shot up to over $30.
[Reply]

AMC Entertainment Holdings (NYSE: AMC) is going on the offensive, selling over $230 million worth of stock to hedge fund operator Mudrick Capital Management at a premium so it can use the proceeds to make acquisitions. The theater operator is selling 8.5 million shares to the private equity firm at a price of $27.12 per share, a nearly 4% premium to Friday's closing price of $26.12 per share. It says it intends to make "value creating acquisitions of additional theatre leases, as well as investments to enhance the consumer appeal of AMC's existing theatres."
[Reply]

So you timed Fri's closing price exactly at premarket open this morning?


:-)
[Reply]

That’s interesting. If AMC is leveraging a short squeeze to sell treasury stock, and they manage to time it right, that’s fairly brilliant.
[Reply]