dont any of you guys check the chart on this stock, it has been below 3p for many periods over the last 10 years, and infact way below .5 p in the last 10 years...seriously stop worrying about long turm investers and what there view is, if any LTH have held for 8 tears and not bothered selling out they are still up 6 fold, and they have had the chance at selling at 44p once already its not all doom and gloom
I may be wrong but I would imagine long term holders might be just a little disappointed with the value of their investment. In 10 years they have seen their investment fall 90% from 33p to 3p and there is now a real possibility of their remaining 10% decreasing to sub 1pence per share by December.
Of course, I could be completely wrong and it may be something else that disappoints.
It is a difficult one. But there were no other options then, there are no other options now from the sound of it.
Take one step back and look at AMC It is a minnow trying to swallow a loaf of bread. Hopelessly out of its depth - at least from the outside looking in. Would you hand over £x million to such a company. The odds were stacked against them from the very beginning to now. But somehow, they are doing a Brexit, they are doing a Leicester City.
Still high risk and not something that most bankers would spend 5 minutes looking at.
The BoD have accepted that they got the best that they could have done at the time (and things have not improved that much since). They are not daft and they are well aware of the pain that LTHs are suffering. If they didn't do what they did, we would still be minnows like many others nibbling at crumbs.
They pointedly mentioned Long Term Shareholders. They did not mention the day traders or short term traders. They are of no interest whatsoever to the BoD - nor should they be. If people are not in this for the long haul, all the way to DFS, and then on to JV / TO / production then I have little sympathy. If we are interested in creating a thousand jobs for people then yes please, I am signed up.
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