Hello friends.
We have been watching AMC collapse for some time now, and it was all very expected. At this point, we think it's time to get ready for a long position off of the lows. All of the bad news has been finished. APE is converted. The split is over. The 40 million shares of dilution is over, and they are unlikely to create more dilution in the short to medium term since they have already secured that funding, which should be enough to fuel the cash-burning machine for quite some time.
I think AMC will go bankrupt, but first I think it will have a nice rally
We have been watching AMC collapse for some time now, and it was all very expected. At this point, we think it's time to get ready for a long position off of the lows. All of the bad news has been finished. APE is converted. The split is over. The 40 million shares of dilution is over, and they are unlikely to create more dilution in the short to medium term since they have already secured that funding, which should be enough to fuel the cash-burning machine for quite some time.
I think AMC will go bankrupt, but first I think it will have a nice rally