Fox Business reporter Charlie Gasparino, who has been in a heated Twitter war for nearly two years with AMC Entertainment investors, just won a major battle.
The former Wall Street Journal and veteran television journalist has been warning the movie theater chain’s executive suite is leading the company into a disaster. AMC’s latest move — a plan announced Monday to flood the market with 425 million new Preferred Equity Units — only bolsters Gasparino’s argument that common shareholders were about to get walloped.
His opponents are the Apes — retail investor fanboys who keep blindly beating their chests that the company’s stock is “going to the moon.”