$AMC Entertainment(AMC)$Been doing some research on AMC since the hype. I just found the 20m shares that the hedges used to cover part of the 95m shares short. First, AMC who issue 11.5 m new shares. Second, Murdick capital who sold 8.5 m shares soon after they bought them through an agreement with AMC. Ofcourse, many insider selling and why not. If the businesses do well, they will receive new shares so it’s part of their remuneration and I really hope they can make even more in the coming years. There are actually very little shares left by insiders. So what is left to cover the 70m short? Can someone explain? Why should we, the retail investors sell now since we are the major shareholders to save these hedge funds. The company are now cash rich and even more so if the share prices go even higher. I believe with the amount of money they receive recently, they are in a much better position to restructure their businesses and move higher. All they need is a reasonable smart enough CEO to drive them to another level. A virtual cinema perhaps. The Ape has helped AMC and AMC will drive the business forward. Just bring on a silverback gorilla. It’s not a laughing stock anymore. Let’s be serious and buy more.
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