It's my fault everyone. I always sneak in my own snacks and refreshments. More on reddit.com

Because the institutions that bet the farm on bankruptcy as a result of Covid now have realized that they’ve lost (they’ve never lost before). The only thing that they can do is continue digging the hole by perpetually creating new short positions that drive the stock down to all time lows in hopes that they can: Starve AMC of cash by preventing it from raising capital which hypothetically increases the likelihood it could file for bankruptcy -or- 2) Demoralize retail investors into exiting their positions and selling their shares which hedge funds need to cover their short positions -or- 3) Suppress it so much that it fails to meet the minimum requirement to continue to be listed and gets reduced to a penny stock (OTC) but AMC would simply conduct another reverse split before they’d allow this to happen which would in turn cause significant loss in shareholder value which then creates more tension between the company and it’s investors, all of which is great news for hedge funds They’re literally jammed up and they haven’t closed because they can’t. They’ve created more synthetic shares by continuing to suppress the price via naked shorts than actual shares that exist in the float. So even if EVERY share AMC has publicly issued to date were available for purchase at $3 ea. many institutions still could not legitimately cover their positions. The only exit for them is the one that they originally bet on - bankruptcy. When a company goes bankrupt and gets delisted, they never have to buy the shares back to cover their original positions which was the plan all along. That’s why AMC is $3 but I may have explained it like your 8. More on reddit.com

AMC announced plans for an up to $350 million dollar stock offer. https://www.barrons.com/articles/amc-stock-offering-news-0c14d856 More on reddit.com

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