Press on! Do not fall into the

2021-06-04

Press on! Do not fall into their trap of false news

AMC shares tanked another 5% in premarket trading

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Comments

KangRui
2021-06-04
KangRui
to the fking moon!
- blackblue:
  talking to the mooooooon [Miser]
Skai
2021-06-04
Skai
Disgusting fake news. AMC to the moon!
Cfgramos
2021-06-04
Cfgramos
True
Bibop
2021-06-04
Bibop
Yep
- ac1887:
  to the moon

Leave a comment

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Do not fall into their trap of false news","highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":6,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/116606457","repostId":1169305457,"repostType":4,"repost":{"id":"1169305457","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1622793856,"share":"https://www.laohu8.com/m/news/1169305457?lang=&edition=full","pubTime":"2021-06-04 16:04","market":"us","language":"en","title":"AMC shares tanked another 5% in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1169305457","media":"Tiger Newspress","summary":"AMC shares tanked another 5% in premarket trading.AMC Entertainment shares plunged 18% on Thursday f","content":"<p>AMC shares tanked another&nbsp;5% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/651c70ab98e89bf8e6705480ef126728\" tg-width=\"909\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p>AMC Entertainment&nbsp;shares plunged&nbsp;18% on Thursday&nbsp;following a stock sale announcement.</p><p>AMC Entertainment Holdings Inc.&nbsp;is asking investors to authorize an additional 25 million new shares,aiming tocapitalize on a rally that has sent the stock of the ailing movie-theater chain up about 2,300% this year.</p><p>The proposal announced Thursday in a filing will be put to a vote at the company’s July 29 annual meeting. 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The equity today would be valued at $1.3 billion, though the company promised not to issue the new shares in 2021.</p><p>“To successfully navigate the road ahead, we seek to assemble all of the financial tools that might help us,” Chief Executive Officer Adam Aron said in a statement. “An important tool for any company is having shares available to issue.”</p><p>The request is perhaps unsurprising for a company that’s become the king of meme stocks, at the heart of a frenzy of online traders determine to pump up its valuation.</p><p>Still, it’s a major retreat from a request earlier this year to authorize 500 million new shares. That proposal was originally up for a vote in May, but the annual meeting was postponed and the request withdrawn after it became clear investors would shoot it down.</p><p>Aron said in April the struggling company could issue about 43 million new shares. With sales of new stock totaling more than $800 million just this week, AMC has now completed nearly all of that authorization, according to the filing.</p><p>In a YouTube interview Thursday, Aron said proceeds from another equity sale, if approved, would be used to reduce debt, help the company negotiate with landlords who are owed $400 million, and to chase acquisitions “hard.”</p><p>”It’s our view that we’re strengthening the company,” he said. “We’re not hurting the company.”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169305457","content_text":"AMC shares tanked another 5% in premarket trading.AMC Entertainment shares plunged 18% on Thursday following a stock sale announcement.AMC Entertainment Holdings Inc. is asking investors to authorize an additional 25 million new shares,aiming tocapitalize on a rally that has sent the stock of the ailing movie-theater chain up about 2,300% this year.The proposal announced Thursday in a filing will be put to a vote at the company’s July 29 annual meeting. 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AMC to the moon!","text":"Disgusting fake news. AMC to the moon!","html":"Disgusting fake news. AMC to the moon!","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":4577156,"gmtCreate":1622794179771,"gmtModify":1663227944742,"authorId":3577318628836449,"author":{"id":3577318628836449,"authorId":3577318628836449,"name":"Cfgramos","avatar":"https://static.tigerbbs.com/8e4f5dee285970cb0d50c61a4302a33f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116606457,"type":1,"supId":0,"prevId":0,"content":"True","text":"True","html":"True","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":4577175,"gmtCreate":1622794247579,"gmtModify":1663227944542,"authorId":3574823733614024,"author":{"id":3574823733614024,"authorId":3574823733614024,"name":"Bibop","avatar":"https://static.tigerbbs.com/5c9cf1e4cff885e3bf9913697004534b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116606457,"type":1,"supId":0,"prevId":0,"content":"Yep","text":"Yep","html":"Yep","likeSize":0,"commentSize":1,"subComments":[{"id":4577214,"gmtCreate":1622794443690,"gmtModify":1663227945352,"authorId":3585352116267703,"author":{"id":3585352116267703,"authorId":3585352116267703,"name":"ac1887","avatar":"https://static.tigerbbs.com/a4f5865f79452e7da123e88ff35959e5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116606457,"type":1,"supId":4577175,"prevId":0,"content":"to the <u>moon</u>","text":"to the <u>moon</u>","html":"to the <u>moon</u>"}],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/116606457"}