Remember how AMC sold shares at about $30/share last week to shore up their liquidity? Wanda Group bailed out on AMC in May at...
Posted by
Mop (aka rburriel)
Jun 10 '21, 11:41
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...$10/share. Given that the stock had been hovering at under a buck for most of the pandemic, $10 seemed like highway robbery. Until you realize they could have waited a month and sold it for $30. Or... $40 today. It's a gamble of course. But the take-away is that Wanda now no longer has a controlling interest in AMC.
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