CNBC Today On AMC Stock, AMC Reverse Split & AMC Debt || AMC Update
CNBC Today On AMC Stock, AMC Reverse Split & AMC Debt || AMC Update
Hosts of CNBC had a discussion today with Bruce Richards about AMC, AMC stock, the AMC reverse split and conversion, and AMC's debt. Richards believes AMC will be in a good position to raise capital and pay off some of the company's debt. This past Friday, Judge Zurn issued a new opinion, concluding that the proposed settlement is approved. Then yesterday, AMC published a letter from CEO Adam Aron, and filed an 8-K. Inside the 8-K filing is a timeline detailing the schedule of the AMC reverse stock split and conversion. This information is important for individual retail investors who have rallied behind heavily shorted stocks such as AMC stock and GME stock in order to rescue these companies from the brink of bankruptcy due to malicious short selling. This information is also important for the entire stock market as individual investors continue standing up for a free, fair, and transparent stock market for all investors.
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