AMC wants to sell 25 million more shares, CEO uses YouTube interview to lay out his case
AMC Entertainment said Thursday that it is seeking approval to boost its stock authorization by 25 million shares.
Collins asked Aron to clarify the company's dealings with Mudrick Capital, its outstanding share count and the short sellers who are betting against AMC. "If you arm us with the tool — meaning stock as the tool — to go find value-creating opportunities for AMC shareholders, we can do that," Aron said. "If we are not armed with this tool, then you're tying our hands behind our back and you'll make it just that much harder for us to land some of these attractive opportunities that could benefit us all."
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