Jan 31, 2021
1 min read
AMC Survives For Now
The meme stock bubble brought on by the raging battle between Reddit traders and hedge funds has positively affected the underlying fundamentals of AMC. Hard hit by the pandemic and expected by many to go out of business, AMC thanks to an equity offering of its red hot stock earlier this week and potentially another one coming soon is now relatively flush with cash. Also (and quite hilariously I might add), their convertible debt holders converted…
