Quote:
Originally Posted by ChiliConCarnage
It's great if all of this can keep AMC around losing money for more years as I like going to the theater.
The question is why would a private equity firm want to buy? Pre-pandemic AMC was selling for $2-6 in 2020 with under 100 million outstanding shares w/ 5 Billion in LT debt. Now it has 450 million outstanding shares still w/ 5 billion in LT debt and they bought at 27/share!? Bizarre..
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Rumor mill at reddit has been going at it today about Mudrick buying at 27 on Friday, only to sell today. They think it was a coordinated attack with Citadel to drop the price, since the CEO of Citadel owns 10% of Mudrick.
It's like Taco John and Black Op level conspiracies over there. It's all delicious entertainment as long as its making me money.