Tag: AMC Entertainment News

You Can Now Buy AMC Gift Cards With Dogecoin

October 6, 2021 / Frank Nez / 0 Comments

In today’s crypto news, Adam Aron just announced you will have the ability to purchase gift cards online or at an AMC movie theater with Dogecoin cryptocurrency using a BitPay wallet.

Adam Aron announced sometime in September AMC Entertainment would be looking into accepting the purchase of movie tickets online with Bitcoin by the end of the year.

After a few polls on Twitter, the CEO has agreed to implement Dogecoin and other cryptocurrencies as well.

Welcome to Franknez.com – great news today from the CEO and President of AMC Entertainment. Adam Aron continues to surprise the world yet again.

Let’s get started!

AMC Entertainment Is Now Accepting Cryptocurrency

Adam Aron first announced the idea of accepting Bitcoin and other cryptocurrencies as form of online payment during the quarter 2 earnings conference call this year.

The conference call surprised the world and made several headlines. Well now this vision has come to fruition and retail investors can now purchase gift cards without the USD.

Huge news Dogecoin fans! As we work to accept online crypto payments, now you can buy @AMCTheatres digital gift cards (up to $200 per day) with Dogecoin and other cryptocurrency using a BitPay Wallet. Accepted on our web site, mobile app, and in theatres. https://t.co/hPubbeq4YG pic.twitter.com/dra7e23tc8
— Adam Aron (@CEOAdam) October 5, 2021

This shift is going to create a domino effect where more companies will begin to soon follow.

If you’ve been able to multiply your USD through cryptocurrency, then your purchases can essentially be free to some extent.

Leveraging your gains from cryptocurrency could be a bargain to getting deals from your favorite brands. I’m personally sticking to building wealth though.

No matter, this news is extremely bullish and shows the strong innovation behind this century old movie theater chain.

I wouldn’t be surprised if we begin to see Dogecoin rise again. I’m extremely bullish on AMC stock too and look forward to seeing both these assets reach the moon.

What Other Companies Are Accepting Dogecoin?

Here’s a list of companies accepting the purchase of credit cards with BitPay Wallet right now:

Adidas
Amazon
AMC Entertainment
American Eagle
AutoZone
Barnes & Nobles
Bass Pro Shops
Bath & Body Works
Bed Bath & Beyond
Burger King
Burlington
Dominos
DoorDash
GameStop
Guitar Center
H&M
The Home Depot
Nintendo
Playstation
Spotify

The list goes on and on. The acceptance of cryptocurrency goes to show just how valuable companies now think digital currency is.

They understand that over a period of time, that crypto can be worth a significant amount of money more since the date of its very first transaction.

So, should you spend crypto on retail stores and companies? I personally rather invest in them long term.

Bitcoin is up almost 400% this year, Dogecoin is up more than 9000% compared to 1 year ago.

The best way you can leverage your crypto to experience your favorite brands would be to use a percentage of your gains. This way you don’t touch the principle on your investment nor the full amount on your gains.

By using this leverage as a lifehack, you’ll be able to not only multiply your hard earned money, but also take advantage of bargains and deals.

Will You Be Using Crypto To Buy AMC Tickets Or Gift Cards?

Leave me a comment below. I would love to know your take on this. Do you see yourself using crypto to buy AMC tickets? Do you see yourself using cryptocurrency to buy anything from your favorite brands at all?

Since these assets are going up in value over a period of time, I think the best way you can leverage your crypto is once you’ve made quite some significant gains!

I certainly see myself leveraging my gains if it means only a very small percentage of my gains will be used for entertainment or recreational purposes.

I mean, you certainly don’t want to give up your entire earnings right!? Otherwise it would defeat the purpose of using crypto to multiply your earnings in the first place.

Cryptocurrency Lifehack Will Be Good

I think that if managed properly, cryptocurrency could be a great lifehack as I’ve explained above. Financial literacy is already difficult for most to get a grasp on.

But I think that most people who are already investing in cryptocurrency are financially literate to the point where they understand they need to move their money to make more money.

By leveraging our gains properly, I think we might just have the opportunity to add a ton of value to our lives as both consumers and investors.

And if you haven’t diversified enough to have crypto in your portfolio, I suggest using the exchange Kraken to buy your cryptocurrencies.

I walk you step by step on how to open your account here. If you’re on my Patreon, you get updates when I purchase stocks and crypto in case you’re curious.

And lastly, if you enjoyed this post please be sure to share it. I’d appreciate it very much. Thank you for being here, hope to hear from you below.

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AMC Stock Is Not Bearish, It’s Apeish And Here’s Why

August 4, 2021 / Frank Nez

AMC Entertainment stock is up almost 1500% year-to-date and it seems to have found a new floor around $30. Retail investors are wondering what in the world is going on with AMC. Wasn’t it supposed to keep going up?

This is actually good news apes. The first time AMC stock rose to $20, it found a new floor at $5 per share. We then saw the stock reach as high as $70 per share with purchasing volume momentum. The bottom multiplied by 14 times!

Think about what this means for AMC now that it’s reached a new floor. This new floor of $30 per share is 6 times that of the previous floor. So what if we multiple the new bottom by 14? That’s $420 per share.

Welcome to Franknez.com – today I want to talk about what’s going on with AMC stock, why has it been trading downwards, and when will it start moving up again.

Lets get started!

Although short sellers managed to drive AMC Entertainment stock a little below $30 today, price is only psychological and I’m going to explain why.

How Do Shorts Keep Driving Price Down?

Dark pool percentage has been extremely high recently. Although trading behind closed doors is driving AMC’s price down, this can actually be seen as somewhat good news.

Why? Because hedge funds are running out of options and are being backed into a corner. See, it’s all psychological warfare now. It’s about coming up with strategies to get the retail investor to sell his or her position.

Because when you sell, you lose; especially if you cut your losses. This could explain why the short borrow fee has been so low for months now. It’s possible naked shorting occurring in dark pools is causing. Look at this dark pool percentage, via. STONK-O-TRACKER.

Dark Pool Trading

Dark Pool Data AMC — AMC Dark Pool Data – 64% AUGUST

64% of short selling has been through dark pools. This is how hedge funds have been able to drive AMC’s share price synthetically. The price we’re currently seeing with AMC is the byproduct of market manipulation.

Regulations are being put into place but we must take these with a grain of salt. They are either bullish or neutral. It’s important to keep making noise and getting the attention of the media.

AMC’s stock price is psychological. Short sellers are facing massive scrutiny from government parties. Our government does not want to baby sit these hedge funds anymore. We must give law-makers the benefit of the doubt and maintain a positive mindset towards change because it starts with us as a community first.

Downward trends heavily influence volume. Apes understand that buying the dips is how short selling is countered. However, most new retail investors aren’t apes; they’re simply new retail investors.

There’s no doubt in my mind there are some new retail investors who cut their losses. I know apes have not – we did not come this far as a community to give up.

Institutions Buying AMC In August

I understand a few of you want things to happen now, it’s only human. However, apes aren’t worried because:

Shorts have not covered yet
AMC continues to be the #1 shorted play in the stock market
And 3, institutions continue to take advantage of this dip

That’s right. Large institutions are bulking up on AMC stock right now.

AMC Institutional buyers August — AMC Institutional Buyers August

As you can tell, large institutions have increased their positions in AMC stock during these red days. If AMC was a losing play, why are large institutions buying the stock?

It more than likely has to do with the same reason the AMC community keeps buying it. AMC is primed for a short squeeze. We’ve been talking about for months now about a dip before the rip.

This could very well be the last time retail investors can pick up shares for the price point before short positions are covered.

Now I want to show you just how strong the the top 10 AMC Entertainment stockholders’ conviction is towards AMC stock.

Top 10 Owners of AMC Entertainment Holdings Inc

Top 10 Institutional owners of AMC Stock — Top 10 Owners of AMC Entertainment Stock

It seems even whales are beginning to adopt this apeish movement. AMC Entertainment’s top 10 institutional investors keep bulking up on the stock.

Think about that for a moment. They’re not selling, they’re holding and buying just like us. Ladies and gentlemen, AMC Entertainment stock is not bearish, it’s apeish.

Names you’ve heard are probably Vanguard, BlackRock, and Charles Schwab. Charles Schwab is a whale and if you remember, they just recently raised the margin requirements for short sellers shorting both AMC and GameStop stock.

Vanguard is also a trading broker that has never halted or restricted buying of any ‘momentum stock’. The top AMC institutional investors want to make money. If they’re data wasn’t telling them AMC is primed for a short squeeze then why would they be buying the stock after all these months?

Patience is a virtue, community. AMC’s current share price is psychological. If you’re a new retail investor that’s on the brink of selling, well; it would suck if you sold right before this squoze right? Ouch.

No Amount Of Shorting Can Bankrupt AMC Entertainment

This is important to remember, AMC has cash now. No matter how low short sellers make the stock to appear, your moon tickets are still worth what your conviction towards the stock tells you they’re worth.

What if someone actually knew when AMC would squeeze? What if they told you it would squeeze later this month or by the end of this year? Would it make holding easier?

I’m sure that released a small dose of dopamine didn’t it? See, we’re scared of the unknown. We want to know. In our situation, we have to rely on our conviction towards the stock and its data.

If you build a strong conviction towards the stock and the data holding becomes so much easier. I don’t know when AMC will squeeze but I do know the data says there’s a massive probability of it happening. And I am excited for the future. Because ultimately this worry and anxiety you’re experiencing as the stock price is going down won’t matter.

And you my friend would have built a stronger character during your transition to that new chapter.

Lets be honest, we all have to hear it. When I’m feeling low I borrow strength from my Discord community or through community leaders producing content and DD on AMC topic. We all feel it from time to time.

So, if this article gave you a little bit of strength, help guide another ape.

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AMC CEO Adam Aron Becomes Chairman of The Board

July 23, 2021 / Frank Nez

Written by: Tory Dickerson

The man, the myth, the legend, CEO Adam Aron. Recently elected as chairman of AMC, the corporation seems to be headed in the right direction with vast opportunities for growth. Where does this leave the ape community?

AMC Entertainment becomes more valuable

Aron’s presence in the AMC community has given the company a great deal of growth. In 2019 AMC hit an all-time high of $42.5 billion.

Unfortunately in Mid-March of 2020, coronavirus forced closure upon every movie theater, a diminished income of revenue led the establishment to a financial crisis. Fearfully, Aron remained humble and began to search for ways to keep the 116-year-old movie theater afloat while skimming bankruptcy four times.

Among his searches he found an unexpected helping hand in the form of retail investors who gathered on online platforms to take matters into their own hands. These groups named themselves “apes,” and took the stock to an all-time high.

Shares went up more than 3,000% in the year. Aron was astounded, he wanted to thank retail investors for pulling AMC out of its darkest patch, raising hundreds of millions of dollars through their trading.

Retail takes over

As of March 11, 2021, more than 80 percent of the 3.2 million investors were retail owners. With the goodwill of Aron shareholders are now able to get free large popcorn along with special invitations to screenings, upon signing up with Investor Connect; a website made to support the ape community. He also donated to a gorilla charity, in reference to the apes.

AMC then released a vote to shareholders to release the sale of 25 million new shares. After backlash from the ape community Aron called off the proposition.

Aron tweeted thereafter, standing alongside retail investors, “I see you, I hear you, I value you.” Shares proceeded to jump 5.9% following his actions to cancel the proposal.

With Adam Aron’s appreciation and backing on the community, this company can reach new heights it has never seen before. Aron added in a statement Wednesday: “During my five-plus year tenure as CEO at AMC, I’ve taken great pride in the relationships I have forged with AMC’s owners. With AMC Investor Connect, that effort in relationship building will continue apace even if our shareholders now number in the millions. After all, these people are the owners of AMC, and I work for them.”

Written by Tory Dickerson

You can follow Tory on Twitter @_tdick_

Read: Should you pull out your initial investment in AMC?

The Fool Goes Quiet After These AMC Entertainment News

July 20, 2021 / Frank Nez

AMC Entertainment The Grove Theatre The Americana — AMC Entertainment signs deal to lease The Grove and Americana – two of the top grossing cinemas

AMC Entertainment has acquired The Grove Theatre and The Americana at Brand Theatre. AMC will begin to welcome its new guests in the Los Angeles area in the weeks to come. A big congratulations to AMC Entertainment for this massive move.

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started.

According to Business Wire, AMC Entertainment had reached a leasing agreement with Caruso, one of the largest and most admired privately held real estate companies in the United States.

AMC Entertainment opens new theaters in August

The Grove Theatre is a 14-screen theatre located in Los Angeles, California. The Americana at Brand Theatre is an 18-screen theatre located in Glendale California. They were formerly operated by Pacific Theatres and are owned by Caruso real estate. AMC is expected to reopen the theatres some time in August of this year.

They have been closed for more than a year due to the COVID-19 pandemic. These two theaters ranked in the top 5 highest grossing movie theaters in Los Angeles with The Grove landing #2, and The Americana landing #5.

In terms of fundamentals, these news should get retail investors excited. The company we’re invest in is doing very well and we should be ecstatic for them. Yes, our play is the short squeeze but Adam Aron has been very resilient and the company has my respect.

Adam Aron comments on the agreement

““The Grove and The Americana at Brand theatres are among the most successful theatres in the greater Los Angeles area, and we look forward to delivering the high-quality experience for guests visiting these theatres that AMC is known for in the Los Angeles area and nationally. AMC is proud to be expanding in the movie-making capital of the world. And we are eager to get started as soon as possible, showcasing for our guests at these two theatres the exciting lineup of movies scheduled throughout the rest of 2021.””
Adam aron, cEO and president of Amc entertainment

Nothing can replace the movie-going experience

“Nothing can replace the movie-going experience. Even with the advancement of technology bringing content to us in the comfort of our homes, going to the movies remains an important part of our lives because nothing can ever replace the shared experience of being in a movie theater. Simply put, some movies are made to be enjoyed together,” said Rick Caruso, Founder and CEO of Caruso.

Rick Caruso is an American billionaire businessman. Not only is he the founder and CEO of Caruso real estate, but he was once president of the Los Angeles Police Commission as well.

Caruso then goes on to say, “We are excited to partner with AMC – the best management team in the business with a laser focus on the guest experience. AMC has the largest footprint of theaters in the world, giving them global authority on innovation. As we look ahead to reopening, we are confident that we will continue to see audiences at our movie theaters creating cherished memories for years to come. Los Angeles, welcome back to the movies!”

AMC Entertainment has also been in the talks with other landlords regarding opening other closed theaters as well. Adam Aron is going on the offense and this will mean very good business opportunities for AMC Entertainment in the long-term.

I’m confident that under AMC Entertainment’s operation, these two theaters are going to provide more value to the American people.

Read: AMC stock is primed to bounce back up: MOASS

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