Good morning Apes! There’s a situation going on with AMC’s investment in HYMC. Owning AMC, APE, and HYMC is a interesting situation I think most will admit. HYMC is getting close to being de-listed. What can they do to avoid that? Simply bring the stock price back to $1 for ten days.
I personally am invested in all 3. 1) AMC could possibly buy HYMC in the open market and help bring the stock price back to $1. 2) Retail Investors could buy up HYMC and support the stock price to avoid de-listing. 3) HYMC could do a Reverse split. 4) Other?
They have news out today so HYMC looks like a decent investment. I’m currently up 17% on HYMC. So this is not financial advice, but yes I do have a financial reason to see HYMC not be De-listed. Normally, if course, companies do whatever it takes to avoid being De-listed, but a Reverse Split is not a good way.
Currently they have 6,700 oz’s of gold in inventory. Worth $11 Million. Why they haven’t sold it yet, I don’t know, but they plan to sell it This Qtr.
If the number of Retail Investors in AMC would step up and buy a small amount of HYMC, I think it would be beneficial to them in more ways than the obvious. What, just 1 million Apes buying 100 shares each buys up half the company!
Oh, and Buy and HODL AMC/APE!!! 😎