Man it's been a while. I gotta catch up with the updates:
So...the split to APE was just to override the shareholder vote to pull off another dilution...as I said it would
Then APE was diluted at the bottom, at under a buck from starting at $10
AMC execs then team up with a hedge fund to approve the vote for a reverse split, locking in the losses from the APE dilution into AMC.
And also to of course approve another dilution
And now...after all that, after the stock is dropped like 90% YTD and lowering retail's share amount via Reverse split....THESE DUDES PUT OUT A FILING TO VOTE THAT THE EXECS ARE EXEMPT FROM FIDUCIARY DUTIES TO THE SHAREHOLDERS THEY ROBBED. Holy shyt! The balls of this guy, treating AMC shareholders like bottom bytches. This is next level scumbaggery, I can't fukking believe it.
Oh, and they are also proposing raises for the executives in spite of destroying shareholder value and saying that they are going bankrupt like last month
The exploitation here is incredible.
I feel for the AMC apes. Dudes saved the company only for the execs to start milking the shyt out of them. I really hope people wakeup and sue the ever loving shyt out of these guys. Very thankful I sold when he did that private issuance to that hedgefund when this was running up.