First AMC, now GME, printing 45m shares to dilute shareholders by 15%. This is a form of inflation. Stocks and FIAT can screw you over at any moment in time. Crypto such as BCH is fundamentally different from these other products.
GameStop will sell up to 45 million common shares
Previously:
AMC completes $250 million stock sale during meme rally, shares jump 30%
The movie theater operator sold 72.5 million shares in an equity offering launched in March.The $250 million stock sale was finalized Monday...
https://www.cnbc.com/2024/05/14/amc-raises-250-million-in-stock-sale-during-mondays-meme-rally.html
AMC Entertainment (AMC) entered into privately negotiated exchange agreements On May 14, 2024, AMC Entertainment Holdings, Inc. (the “Company”) entered into privately negotiated exchange agreements, under which it will issue an aggregate of 23,280,295 shares of the Company’s Class A common stock, par value $0.01 per share (the “Common Stock”) in exchange for $163,850,000
These stocks also demonstrate why crypto like Dogecoin is a lost cause with the supply being printed constantly diluting and dumping the price. Inflation money of any kind is not a good idea over the long term (good for borrowers though).
Crypto like BCH has a fixed supply, and cannot be printed at will, to dilute everyone and manipulate the market supply in this way. It is fundamentally different from these other products/money.
Investors looking to stop shorters are getting screwed by the companies themselves. The system can be rigged, so we are seeing it getting rigged.
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