AMSeems Like the R/S and Conversion is Happening...
Well, unpopular opinion here I am aware, but I no longer have faith in justice or our system to protect and to serve. Unless you're brunching at your summer homes together.
Well that explains this morning's price movement rather succinctly.
Chance this is kind of a coincidence don’t you think? Why would VC Zurn pick both AMC cases? I really don’t know that I would be as pumped about the Chancery Court as you appear to be. I smell a rat.
Chance why has the VC not signed off on her final ruling yet? What’s the hold up.
Chance, as always thanks so much for your up-to-the-minute updates! May I ask how you access this information? I was looking at https://courts.delaware.gov/opinions/ and I don't see anything from the Supreme Court.
1. Who said that AA was AMC. Of course AA won’t use his own money to save AMC. The guy has been trying to bankrupt the company since he was installed.
I know this legal saga is over as far as anyone investing is concerned but today made me think back to the court case and the discussion about business needs with regard to needing the settlement approved sooner.
If you recall AMC said they needed a ruling sooner in order to be able to raise money in the second half of August as otherwise they would not be able to find a banker to work with in time as they go on vacation through Labor day.
In the end, AMC got the settlement approved a bit later than they hoped for and it actually resulted in them not having a distribution agreement in place till today (9/6/2023). As a result they were not able to fund-raise second half of August.
While no guarantee they would have had a better result fund-raising has the settlement been approved sooner, pretty obvious that as things worked out they are now in major trouble (i.e. with the stock declining so much in value).
In any case, kind of proves the point that AMC was correct in the importance of having the settlement approved sooner than later.
Is there anything VCZ can do because AA did not follow the court's settlement agreement and he lied to the court?
Chance can you please provide the link again to all the legal documents in this case? My email is firstname.lastname@example.org thank you again
update for anybody still watching this space. settlement shares were paid into my account end of day on Friday, but my other brokers seem to still be pending so it's still a bit uneven.
the occ released a memo https://infomemo.theocc.com/infomemos?number=53089 noting that settlement of the the options will be occurring now.
no takesy backsies.
i'll see you all in the BK court for the District of Delaware next year (i kid i kid, it'll probably be in 2025).
You’ve been awfully quiet. Despite your endless praise, Zurn failed spectacularly and destroyed shareholders. Nothing can be said I guess. Your court is a joke.
What are you talking about? I like Chance a lot. It’s you I don’t like. She’s probably going to be annoyed about our very off topic exchange though.
Whatever. Go to Donald Trump Jr.’s Instagram page. See statement in black box. OMG! OMG! OMG!
That’s not what “ I know that you don’t know” though. I am available for consults.
No. It isn’t share cropping.🙄
Thank you for the clarification. She apparently favors RINOs. Nicki Hailey. Good God!
I agree with your opinion of the GOP. Neither Trump or I are GOP.
What about Karen Grelish? Why is it that nobody will talk much about her objection? They “lost” her paperwork. She has a relight to be heard right?