Quality is an ephemeral term. Forget about it and just trade.
Can anyone explain what’s up with AMC?
- Thread starter HuntingBenjamins
- Start date
I enjoy your posts!Quality is an ephemeral term. Forget about it and just trade.
The Op is talking about the Ape-AMC Arb, Adam and the evil hedgies are colluding to dilute the shares like Bobby’s CEO did with Hudson Bay. Matt Levine from Bloomberg warned and warned the apes “Hedgies were not screwed, Bobby shareholders were”.
AMC Apes don’t want this.
https://www.bloomberg.com/opinion/articles/2023-03-30/bed-bath-beyond-has-more-stock-to-sell
Quality is an ephemeral term. Forget about it and just trade.
I am starting to understand why, the questions that get asked could be easily Googled. Why bother replying, I am a slow learner!
3.48 USD −1.79 (34.00%)today
Aug 14, 12:01 PM EDT • Disclaimer
We are kin.
I remember reading how AMC’s CEO duped the Apes thinking they were getting a dividend. A back door way of flooding the Market with almost 200 million shares at $.65 for Hedge Funds. Apes got played by shills, it’s sad because they believed Aron.We are kin.
The apes have become a source of cheap funding for companies on the brink of bankruptcy
Adam Aron sold shares via private placement. Same happened with BBBY, CEO sold 4x the float to a distressed capital fund.
I remember that.
That was laughable. The fund publicly stated they were bullish in the morning, and then sold everything in the afternoon and went short.
edit: https://www.cnbc.com/2021/06/01/mud...point5-million-amc-shares-it-just-bought.html