Look at how they massacred my boy. I got out of AMC a long time ago but I knew AMC business will keep on thriving. They tried to destroy the movie theatre business in the pandemic but I knew it will bounced back. I knew it will thrive also and will pull in lots of dollars. Just by that judgment, I knew that AMC will rocket and become successful. It will defeat the short sellers, ftds, and so on.
However, when Gary Gensler or the chairman of the SEC, released his investigation on GME, it was in that moment, I knew retail was going to get destroyed. The SEC just didn’t care. They fined a few companies but that is it. There were no jail time, no disclosures and they stop probing into the dark pools. I knew in that moment, no matter how successful AMC going to be, it will not be enough. It is just so rigged.
AMC didn’t need dilution or reverse split or conversions. They could have made an offering and it would have solved their debt problems. For some reason, they are doing all of these things that will destroy the price of the stock. The shorts will be able to cover through APE stock from what I can tell. So it maybe good for the company but MOASS or whatever they call it where the price rockets significantly will never happen. To me, it is rigged.