The most important roundup of news for AMC June 9 2021
- Hedge funds ladder attack and trade back-and-forth with each other to drop the PPS by 10%. Apes buy more, increasing their overwhelming stranglehold on the float.
- Adom Aron confirms that as of June 2, AMC had 501,780,240 outstanding shares. The number of shareholders in the U.S., Canada, and abroad has increased to 4.1 million, with an average holding of 120 shares. This means that apes own 492,000,000 out of 501,780,240 total, legally authorized shares. That, in turn, means that apes own a staggering 98% of the float (i.e., all legit shares outstanding)!
- On Fox Business, Charles Payne and Trey drop the hammer on hedge funds’ dirty dealings.
- Melissa Lee is back! She addresses hedge funds’ blatantly illegal practice of naked shorting with former SEC lawyer, Jacob Frenkel.