Hedgies and institutional investors are on their heels while corporate America is finally respecting the wishes of the common man and woman. So much so, we now have an actual say in the boardroom. Case in point is the latest resurrected cinema giant AMC. Think about it. Orange in chief ran on an America First platform while greedy capitalist tried to shutter American Movie Classic. Now that’s pretty commie of them. But alas, true patriots answered the call and the tree of liberty is flourishing in the blood money of tyrants. 

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A little over the top? Sue me. It’s Stevie Bee and welcome Bros nation to another check-in for Money Talk Sundayz hosted by the Investment Bros. Major deets on the AMC front but before I go further, hit that like button. Hit that subscribe button if you’re not already part of the team. Click that link in the description box and get plugged in because we’re about to be packing some major wattage. You can charge your batteries here and fill up on the latest. 

AMC was looking to issue out 25 million new shares to capitalize on its meteoric rise since the beginning of the year. Normally when something like that happens that price of the stock reduces significantly but in this case, not only would that happen, it would also buy some wiggle room for the fascists looking to short America. Remarkably, AMC already issued more than 100 million new shares this year without losing upward momentum. In fact, the stock is nor 23 times higher than it was at the beginning of the year. 

But we are coming to a crossroads because AMC has hit a roadblock since it’s company charter only allows it to issue 524 million shares of common stock. 513 are already outstanding. With that cap, the “meme stock” only has 11 million new shares it can issue before hitting its own ceiling. Seeing that hurdle, the CEO is asking shareholders to approve 25 million new shares. 

According to Quartz, of the 80% held, many are activist investors looking to flip the playing field on its side and level it out. In the US, the 10 largest institutional investors, like hedge funds or endowments, make up 43% of the average public company’s ownership… but that is not the case for AMC. It is to the point where AMC CEO had to take notice. Meme traders voiced their opposition on Reddit to the new stock issuance to execute another short squeeze and drive the price up higher. Why?

Because the day of reckoning is nigh. 

This is a huge win for those hodling AMC (such as myself.)

For a few high-profile stocks, historic roles have reversed: Individual traders coordinating online, armed with commission-free trading accounts, can supersede the wishes of management and institutional investors.

We own a major piece of the pie. About 80% or so. We OWN AMC. 

When Aron decided to withdraw the stock issuance vote, the AMCStock subreddit applauded the decision. Bullish retail investors on Reddit forums, who call themselves “apes,” call CEO Adam Aron their “silverback” (the name for a dominant male gorilla). “For any apes that did not believe in our silverback or questioned his loyalty i think all those have been answered and there is absolutely no reason to doubt AA..,” wrote Reddit user 1Goalie29. “AMC as a company.. onward and upward ..AMC APES TOGETHER STRONG. 

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