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That’s basically what AMC did. They issued 50 million new shares at-the-market last week. They also had a $600M loan that was convertible and converted into st
by mattkrause 6y ago
That’s basically what AMC did.
They issued 50 million new shares at-the-market last week. They also had a $600M loan that was convertible and converted into stock. As a result, they’re sitting on nearly a billion new dollars, which should help them ride the pandemic out.
- Rapzid 6y agoI bought a bit of AMC. If WSB makes it pop to a multiple of where I entered, I'll cash out. Otherwise I'll hold through the recovery. Suspect there is enough pint-up demand for people to get out more post-COVID to boost the stock enough for me to exit higher in year or so anyway.