PTR
Striker
No.Is this where their massive cash pile came from, share issuance and such?
Don't blame them mind for taking advantage and building a fat balance sheet.
It was a split*. Not dilution**.
They did sell some extra stock when the price was veryhigh. But then bought back essentially the same amount when the price fell back. They have been intermittently doing stock buy backs too including holding a pot of money for future buybacks at their will.
And the entire board have been buying a lot of stock too.
*It was actually supposed to be a dividend in the form of additional stock. i.e. to flush out the "fake" shares that we all know exist. But the CFO fucked up the forms and it all went to shit. He was fired the next day. So essentially it became a 4:1 split.
** AMC stock was often mentioned in the same breath as GME. But AMC diluted the ever loving fuck out of their shares to raise funds. They are an entirely different beast.