I wish people would fucking educate themselves before putting retarded posts like this up.
First off, amc became chinese owned after they bought up enough stock to force a sale. Right now, AMC is vulnerable for the reverse of that, becoming forced to sell back, because right now chinese do NOT own a 50% stake in the company, so if enough of us buy it we can force a vote for new reps and then force a vote to buy.
Secondly, buying AMC stock from other stock holders does not automatically make a AMC money. That is not how stocks work. Again please educate yourself before making ignorant comments or fuck the hell off.
AMC stock had to be bought because the attempted shortsale on AMC would have covered the losses they incurred from being squeezed out of GME. If the AMC stock wasn't bought up, the hedge fund would have shrugged off the losses from GME and continued business as usual.
So buying AMC serves two purposes. It serves to squeeze out the hedge fund's backup plan, primarily, and for some of the buyers it's an attempt to force the company to be sold off by the chinese.
The point isn't really to boost AMC as much as it is to leave the riggers holding a very expensive bag at the end of the trading. The exposure massively short positions that the vulture capitalists are taking is the very best way to spank them. The company while I like having movie theaters isn't the essence of this deal. This is a way to level the playing field for all Americans for everyone that wants to invest in capital markets without being cheated.
The without being cheated part is the most important. Do I want chicom companies to succeed not really, but that's not the target here.
I wish people would fucking educate themselves before putting retarded posts like this up.
First off, amc became chinese owned after they bought up enough stock to force a sale. Right now, AMC is vulnerable for the reverse of that, becoming forced to sell back, because right now chinese do NOT own a 50% stake in the company, so if enough of us buy it we can force a vote for new reps and then force a vote to buy.
Secondly, buying AMC stock from other stock holders does not automatically make a AMC money. That is not how stocks work. Again please educate yourself before making ignorant comments or fuck the hell off.
AMC stock had to be bought because the attempted shortsale on AMC would have covered the losses they incurred from being squeezed out of GME. If the AMC stock wasn't bought up, the hedge fund would have shrugged off the losses from GME and continued business as usual.
So buying AMC serves two purposes. It serves to squeeze out the hedge fund's backup plan, primarily, and for some of the buyers it's an attempt to force the company to be sold off by the chinese.
The point isn't really to boost AMC as much as it is to leave the riggers holding a very expensive bag at the end of the trading. The exposure massively short positions that the vulture capitalists are taking is the very best way to spank them. The company while I like having movie theaters isn't the essence of this deal. This is a way to level the playing field for all Americans for everyone that wants to invest in capital markets without being cheated.
The without being cheated part is the most important. Do I want chicom companies to succeed not really, but that's not the target here.