AMC Entertainment

AMC Entertainment shares have climbed about 63% year-to-date but were trading near $2.67, leaving the company in penny-stock territory despite a market value around $2.4 billion. Q2 revenue was $1.6 billion with adjusted earnings in the black and a low price-to-sales ratio of 0.28, yet the company lacks a consistent profit track record, pays no dividend, has significant debt and has diluted shareholders through share issuance. The author remains cautious and recommends further due diligence rather than a clear buy recommendation. » More on finance.yahoo.com

Adam Aron is asking Robinhood to stop issuing and trading tokenized AMC shares, arguing they do not provide real ownership or voting rights and may be legally dubious. The announcement sent AMC stock sharply higher in premarket trading but cut gains in the regular session to about 4.5 percent, while Robinhood’s shares fell significantly. The token market for AMC is small, around $2.8 million, but Aron is threatening legal action and said he may involve the SEC, which could have regulatory implications. » More on finanzen.net

Adam Aron alleges that Robinhood listed tokenized AMC shares on its own blockchain via an offshore subsidiary without AMC’s consent, thereby evading US compliance costs. Aron said he will hire outside lawyers and consider filing a complaint with the SEC. The Robinhood Chain experienced rapid growth and a market segment for tokenized shares worth about $13.4 billion, creating regulatory risks for Robinhood’s revenue. After the allegations, AMC’s stock rose while Robinhood’s stock fell. » More on de.investing.com