AMC dumping HARD after hours. It was never the play, only the distraction. Sorry stickyfloor stock lovers. GME was always the play unless you want to get played.
(media.greatawakening.win)
Embarrassing!
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It's just the stupid APE split being reversed. I have a small AMC holding so I get front row seats to their insanity.
They split out the APE shares (basically you got one APE for every AMC you had). Then they tried some fuckery with the APE shares (IIRC at least one dilution). Now they're merging it back together.
If you held your APEs I suspect it's all pretty much a wash, minus all the wasted time and paperwork and expenses.
AMC's CEO does hold 1.7 million shares, so he has some skin in the game.