What kind of bullshit article is this? Are you working for the hedgies? LMAO. Please do some actual research before posting. You are misleading the public with false information.
Some quick facts; CEO of AMC (Adam Aaron) held their Q1 earnings call and stated that:
- AMC has more liquidity right now than in its 101 year history, and enough liquidity to sustain operations until the END of 2022 (hence no 500M share authorization)
- Food and beverage sales are up 45% since Q1 2019
- AMC stock CTB and short borrow fee rate is increasing like crazy
In conclusion, even without the short squeeze and pre-pandemic, it's average price was $20-$25 per stock. This is definitely an undervalued stock!
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