(Part 1)
ERRATUM:
My apologies - bringing some corrections here - The prospectus offering was filed in April with the SEC with a complete sale of shares which was completed today and filed today.
ERRATUM:
https://twitter.com/CringleKitten/status/1400484175493337091
My apologies - bringing some corrections here - The prospectus offering was filed in April with the SEC with a complete sale of shares which was completed today and filed today.
(Part 2) It was a reserved pool of an offering based on the current amount of unsold outstanding shares. That offering lets the company to raise capital to increase value. They have the right to do so without our approval
It is not dilution which the media heavily emphasizes on.
It is not dilution which the media heavily emphasizes on.
(Part 3) A company cannot sell NEW shares out of the blue, effectively increasing the amount of outstanding shares which imply dilution without shareholder's approval. It is illegal and AMC would have been delisted - through my previous lessons.
(Part 4) The price movement coming from the entire liquidation of the market due to the OCC with hedgies doubling down on their shorting / put positions is far outweighing the increased value from the company raising corporate capital.
(Part 5) The current situation is being camouflaged by the media featuring the sales of shares in a negative light vs. what's actually going on.
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