Almost as if we had taken a time machine back two years, AMC, Gamestop, and Bed Bath & Beyond popped back up in the news today. But not for great reasons. 🙃
First, we’ll start with AMC Entertainment. Last week, the company completed three efforts to pave the way for issuing new shares of stock: a 10-for-1 reverse split, converting $APE units into $AMC shares, and paying out a shareholder lawsuit settlement. And it’s wasting no time getting started.