AMC Theaters had positive earnings for first quarter since COVID. MOASS is inevitable.
(investor.amctheatres.com)
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https://www.marketwatch.com/story/amc-entertainment-to-issue-444-million-shares-as-investors-opt-to-convert-600-million-of-convertible-debt-2021-01-28
Yep, the recovery was funded by dilution. Shareholders took the hit to get cash into AMC. Criminals beat the stock price down constantly. Waiting to see if the conversion/cusip change makes shorts close.