Got a text from my Uncle:
I just heard that AMC is going to vote next week on whether they should offer more shares or not. Last time this happened they voted to offer more stock . It was at $9 and it went up to 12. From an old school perspective when a company offers more stock it’s because they don’t have any money so usually the stock drops. With the reddit group do you think this means more people would buy the stock? And the price will go up?
via r/wallstreetbets https://ift.tt/3qhG8Zq
May 27, 2021 at 04:49PM