AMC March 3 Timeline

The most important roundup of news for AMC March 3 2021

  1. Per AMC’s proxy statement, “. . .  63,096,124 shares (including 3,732,625 treasury shares) of the total number of shares of Common Stock currently authorized remain available for issuance or may be reserved for issuance prior to any amendment to increase the authorized shares of Common Stock.”

(Ape Translation:  Adam Aron clarified in his April 14, 2021 interview with Trey’s Trades that 20 million of those 63 million shares are accounted for.  Still, that leaves AMC with 43M already-approved shares available to introduce to the market WITHOUT apes’ permission.  So, if apes approve the 500M new shares, that will make Aron much more inclined to actually use those 43M already-approved shares that are CURRENTLY the only bullets in his holster.  Just because he vowed to not use any of the 500M new shares in 2021 doesn’t mean he won’t use any of the 43M.  In fact, getting the 500M new shares gives Aron much more freedom and ability to dilute with those 43M already-approved shares.  That’s why my vote is “NO.” After we moon, Aron can dilute to his heart’s content, and at a much higher price per share, too!)

  1. AMC has $1 billion in cash on its book as of March, 2021, which is the highest in the 101-year history of the company.

Information and Timeline provided by u/AgedMurcury78 in his amazing Ultimate AMC Timeline document.