Yeah I didn't find out about APE after the fact.
Is the CEO trying to screw over investors, or is the company doomed to fail unless it raises more capital
- My understanding is that AMC implicitly is saying "In spite of the meme hype, we have a failing business model, and so in order to stay afloat, we need to raise more capital by issuing more shares of AMC"
- Current shareholders voted against issuing more shares, so AMC is stuck with either running out of capital or coming up w/ more money another way.
- AMC decides to spins off APE to get more money.
Without APE, wouldn't AMC just go bankrupt unless I'm missing something?
I wouldn't say it's a foregone conclusion they would've gone bankrupt but this was the easiest way to help alleviate that pressure.
They were definitely not in the best position. But AA is not on their side. Dude flirts with the same people who attack them and this crusade.
Amc is just not something people should have money in.
If you believe in the squeeze theory, I would go with GME imo.
If you're looking for something that will pay off in the soon-ish future there are a variety of better options that aren't completely underwater.
But that's my two cents. I just don't think I'd spit on the people who helped save your company and now they're bankrolling off them. Without the meme hype I think it's true and would've been dead by now.
Smart business tactics if you're the CEO, is to feed them whatever narrative you can.
But I'm always biased towards retail and ive seen the copium they have.
I feel for them even if I know they're standing on the tracks waiting for the train
