‘I am embracing the discomfort’: Trend model execs share how their workplace model has remodeled

This article was reported on – and first published by – Digiday siblings Glittering

There has been a lot of speculation over the past 19 months as to whether the so-called sweatpants revolution will continue after returning to the office.

The predictions were shared. Some have said that people are so used to it wear comfortable clothing – in addition, the dress codes in the office are loosening anyway – that they go to work in sweatshirts and styles that could also serve as pajamas. Others have said that after many months of wearing nothing but the same sweatpants, people feel like they have Opportunity to dress up.

In conversations with executives in the fashion industry, it becomes clear that a change in style is taking place. Office cabinets are more casual and comfortable than ever before. However, for some – especially those who find themselves personally fulfilling through their style – returning to the office is indeed a good reason to give your all.

Sarah LaFleur, founder and CEO of womenswear brand MMLaFleur, said she took the opportunity to purchase an entirely new wardrobe before the company returned to the office in June.

“It was a small investment, but I bought a new capsule wardrobe,” said LaFleur. “I have four new pants, three new dresses, four new T-shirts and six knitted tops. Knit tops are inherently stretchy, so they’re my first choice when it comes to looking polished yet comfortable. “

LaFleur, who gave birth to twins during the pandemic, said comfort has become a priority for her since she returned to the office. And she sees the same trend in the brand’s sales: knitwear made up 25% of MMLaFleur’s sales in 2020, up from 16% in 2019.

John Shumate, vice president of global brand marketing at Champion, said the pandemic had drastically changed the clothing of many of the company’s employees, including himself.

“At Champion, we wear our sweatshirts, sweatpants, and hoodies, but that wasn’t always the case,” Shumate said. “It was more common to wear suits and traditional office attire, but the reason I love working at this sportswear company is because we have the flexibility to express our style and feel confident in what we wear. When I put on a fleece, jogger or hoodie to work, it feels sublime and I feel good in it. It enables me to think creatively and do a great job. ”

In particular, Shumate said he wore Champion’s reverse weave and tech fleece hoodies.

Activewear brands have taken up the desire to dress more comfortably in the office. While the Rhone and Vuori were booming during the pandemic, recently thanks to the incarceration of people at home, they have made the decision to make office-friendly clothing like shirts and polos for men from stretchy materials.

But not every manager attaches importance to comfort. Molly Howard, co-founder of women’s fashion brand La Ligne, had the opposite path for her personal office style last year. Before the pandemic, she dressed much more comfortably in the office.

“When we started La Ligne, I rebelled against my previous career in finance, where we had a super strict dress code and wore these really uncomfortable clothes for 20 hours a day,” said Howard. “When I started La Ligne, my style was always about comfort. I wore sweatpants all the time and encouraged the team to dress how they wanted and be as comfortable as possible. “

But for Howard, more than a year and a half at home left her longing for the chance to dress up. She also had a baby during the pandemic. The combination of wearing the same sweatpants all the time and the stress of pregnancy has resulted in her expressing herself through clothing in ways she was unable to.

“I’m putting more energy than ever into what my outfit looks like,” said Howard. “I’ve lived in a pregnant body for so long, haven’t made nearly as much contact as I used to, and haven’t even touched a pair of jeans in more than 11 months. And I wanted to get something back from that expression. “

Howard said her team has been on a similar path since returning to the office in September. At an e-commerce photo shoot she attended on Wednesday, she found that no one was wearing sweatpants. Howard stressed that La Ligne has no dress code and that wearing sweatpants is in no way discouraged. “I wouldn’t even think of making a rule about what people can wear,” she said. But more and more members of their team are simply dressing up because they are happy to have the chance.

“It feels good to match my shoes with my sweater and button up a pair of jeans and wear them, even if they are less comfortable than sweatpants,” she said. “I embrace the discomfort.”

‘I’m embracing the discomfort’: Fashion brand execs share how their office style has transformed

9 tasks to share $2 million in Rebuild Alabama Act grant cash

MONTGOMERY, Ala. (WSFA) – Governor Kay Ivey’s office and the Alabama Department of Transportation are awarding more funds for road and bridge projects to several cities and counties in Alabama.

Just over $ 2 million will be used on nine projects. The money comes from the Rebuild Alabama Act of 2019, the an annual scholarship program That requires ALDOT to provide $ 10 million in addition to the state’s new gas tax revenue for local projects.

The nine projects include:

The Office of Governor Kay Ivey and the Alabama Department of Transportation are releasing $ 2 million in funds from the Rebuild Alabama Act of 2019 for the following projects.((Source: Governor’s Office))

Applicants will also contribute a total of $ 4.2 million to the projects, although no appropriate funding was required to be eligible, the governor’s office said.

“Improving Alabama’s infrastructure remains a top priority for the Ivey administration, and thanks to Rebuild Alabama, we can continue to make good use of those funds. More and more towns and cities in our state are seeing new road and bridge projects in their areas and I look forward to this continuing, ”said Governor Ivey. “When we invest in our roads and bridges, we invest in our employees and our future.”

This is the third round of projects to be awarded under the annual grant program for 2021. The first two rounds earlier in the year saw $ 8 million in state funding for 34 projects, with this final round increasing the total for FY2021 to $ 10.04 million in state funding for 43 local projects.

The law stipulates that all projects must be advanced within one year of the granting of funds.

Although a number of projects are expected to be under contract by the end of this year, all projects must move forward within one year of the funding being awarded.

Copyright 2021 WSFA 12 News. All rights reserved.

Breanna Stewart and Marta Xargay Casademont Share Cash Talks

If you shop through our links, Insider can earn an affiliate commission. Learn more.

It’s been quite a summer for WNBA star Breanna Stewart. The Seattle Storm power forward helped bring the U.S. women’s basketball team to life Gold at the Tokyo Olympics, and days later greeted daughter Ruby Mae Stewart Xargay via surrogacy with her wife Marta Xargay Casademont. Stewart also led the storm to the first WNBA Cup of Commissioners Title and won the tournament’s most valuable player award.

All of this follows on from winning her second WNBA championship in 2020, where she was named MVP in the finals.

Stewart and Xargay Casademont, a retired professional basketball player for the Phoenix Mercury and their home country Spain at the 2016 Olympics, got married in an intimate ceremony this summer, July 6th. The two are still planning a bigger celebration for family and friends.

Establish common finances

Marriage and starting a family require financial planning, and according to Stewart, the couple entered the sometimes sensitive financial talk very early in the relationship before it got serious.

“We both had very successful basketball careers and had made a lot of money with commercials abroad. And before we talked about money together, we talked separately about what we do with our money, ”she told Insider. “Marta has three investment properties in Girona, Spain. I invest a lot in the stock market and stuff like that. And then, as our relationship got more serious, we thought, ‘Okay, how are we going to do? How are we going to find out?'”

they decided Establishment of a joint account. “So there is money shared,” Stewart explained, “and then there are our separate things, which are separate investments that we made before we started our relationship.”

They had different approaches to money, but talking openly made all the difference

Managing their finances is a team effort, but Xargay Casademont admits to being a little more cautious with their expenses, especially as a former gamer who knows money isn’t infinite. It’s a complete change in mindset from their playing time.

“I feel we have to be smart about it, know what we’re doing with this money, and keep this money in a safe place,” she said. “Of course you learn from it. We are not the same people [compared to] when we started getting the money. Now that I’m retired, I’m a little different from the start and I know the money doesn’t always come. “

Stewart and Xargay Casademont have partnered with Ally Bank to help them along their financial path and to encourage other couples to be financially open with each other. When using the new. of the financial services company Financial Vow Generator and Financially open boot camp, the couple was able to identify their money personalities. Stewart is a financier with a penchant for investing and Xargay Casademont is, unsurprisingly, a super saver.

“I wasn’t like that years ago,” she laughed. “But like I said, I’m retired and things are changing.”

Why the ‘money talk’ is so important

Your healthy attitude towards frank monetary discussions is refreshing and necessary. A opinion poll The “Talking Money” study conducted by Ally Bank showed that 90% of respondents say it’s important to be open about finances, but almost half don’t do it effectively. Of those who would have liked to know more about their partner before they commit, nearly two-thirds would like to know more about their partner’s spending habits, and 39% would like to know more about their partner’s debts. Stewart said these discussions don’t have to be stressful.

“We made icebreakers to make it a bit more pleasant to talk about and have some fun. But it should be something we can talk about openly and honestly. And even being with someone is bad with Money, or good with money, maybe it’s something you can keep getting better at and your partner can help you get better. So it can’t hurt to be open and honest. ”

How to manage their money after marriage and their baby

Throughout their relationship, Xargay Casademont said they were relatively on the same page when it came to money. They’d rather go on a nice vacation than go shopping for clothes, for example. But there are moments when compromises are required. Most recently, the two argued about buying a refrigerator for their newly converted condominium.

“You can’t have a brand new kitchen or an old refrigerator,” Stewart said matter-of-factly. “You can’t have stainless steel appliances and you can’t have a stainless steel refrigerator.”

“I mean, if you make it look like this, I agree, but if it says the price, I don’t think so,” countered Xargay Casademont.

However, you are in step with the financial future of your daughter and the Lessons that they want to pass on to them. Teaching Ruby how to save is top priority. They also plan on opening a savings account that they won’t be able to access until they are 18.

“This is what my family did for me and my brother,” said Stewart. “I think it is wise to make your children aware of money and to realize that money is not unlimited and that not everything is free.”

In the meantime, the two are focused on navigating life with a newborn, ending the current WNBA season, and their upcoming wedding. To make their dream wedding come true, they work with a planner – and a budget.

“We just want to have a great day with people, make them happy and have a great day with us,” said Xargay Casademont. “We know it’s expensive, but once in a lifetime.”

“Marta already knows I want a donut wall,” added Stewart. “And we need all the things because as she said, one day you have to really celebrate us and our love and we want to make sure that it is special for us and also for the people who are special in our lives. “

Nasha is a contributing writer for INSIDER. Originally from St. Lucia, she has written for publications in the United States and the Caribbean on travel, fitness, wellness, entertainment, and relationships. Nasha is also a sports junkie who has worked for the United States Tennis Association, the Detroit Tigers, and Major League Soccer. She has a BA in Mass Communication from Grambling State University and an MS in Strategic Communication from Texas Christian University. When she’s not writing, she spends her free time digging for the Yankees, watching Friends replay, and dying on the hill of Salad Is Not Food.
Find out more about how our team of experts tests and rates products at Insider.

Read more Read less

Cash & the Regulation: Colorado has had its share of conservatorship dramas | Enterprise

With the Britney Spears melodrama for inspiration, I thought I’d tell you a few things about conservatories.

Establishing a conservatory begins with filing an application with a probate court asking the court to put someone – a so-called “restorer” – in charge of the financial affairs of the person whose abilities allegedly fail, which are considered “protected.” Person ”. Before the motion can be upheld, the court (in Colorado at least) must be presented with clear and convincing evidence that the protected person “is unable to manage property and business because the person is unable to obtain information effectively maintain or evaluate or both or make decisions or communicate. … “

The protected person must be informed about the procedure and is entitled to a lawyer. The court may also appoint a person known as a “visitor” to conduct an investigation aimed at providing the court with an objective analysis of the need for a restorer.

The conservator, when appointed, assumes the position of trustee, which means that the protected person is owed the duty of the greatest loyalty and honesty. The court issues the conservator with an official (and official-looking) document that can be used by the conservator to take over the protected person’s assets and liabilities. The court may adapt the curator’s powers to the particular circumstances of the case.

Once a conservator has been appointed, the protected person is deprived of the power to conduct his or her own financial affairs. The law also protects against liability people who deal with the protected person in good faith and without knowledge of the existence of a restoration. So a protected person can still wreak havoc if not carefully watched.

The motivation for a conservatory sometimes comes from children who fear that a parent in decline will squander family wealth before it can be passed on as inheritance. This is not a fair reason for a restoration. Rather, the purpose should be to preserve assets in the “best interests” of the protected person. Preservation of wealth in the interests of the protected person can (incidentally) also have the effect of preserving wealth for an inheritance if the protected person dies.

Colorado has its share of conservatory melodramas. In a recent case, a man named Bernard Black – a full law professor at Northwestern University School of Law – was found to have violated a duty of loyalty to his sister, the protected person, as a conservator. This break involved a diversion of assets from a trust set up by the late mother to meet her daughter’s needs to a trust in which her son, the conservator’s children, had an interest. This dispute over control of the late mother’s property found its way in eight courts in three states (meaning much of the mother’s property has now been consumed by the legal profession).

In another case that went before the Colorado Court of Appeals, Matthew Keenan, a protected individual, attempted to dismiss a bank that was acting as its curator. The bank struggled, and the dispute merged into a dispute for $ 200,000 plus legal fees and costs claimed by the bank.

Jim Flynn can be reached at moneylaw@jtflynn.com.

2021 Memorial Well being Championship purse, winner’s share, prize cash payout

The 2021 Memorial Health Championship wallet is set at $ 600,000, with the winner’s share being $ 108,000 – the standard payout of 18 percent under the Web.com Tour Prize Money Distribution Table.

The Memorial Health Championship field is led by the likes of Adam Svensson, Curtis Thompson, and others.

The event will be played at the Panther Creek Country Club in Springfield, Illinois this year.

This event runs from Thursday to Sunday.

What else is at stake: Korn Ferry Tour points, OWGR points, exceptions

In addition to the money, there are important points, discounts and advantages for the field – especially for the tournament winner.

This is the 18th event of the year on the Korn Ferry Tour, with the delay in the 2021 calendar resulting in a combined 2020-2021 season that will eventually determine 50 PGA Tour tickets.

During the regular season, a player who wins the Korn Ferry Tour is awarded 500 points.

The top 25 players at the end of the 2020-2021 combined regular season will receive a PGA Tour ticket for the following season, and the order of priority at the fall events will be based on their combined points between the regular season and the Korn Ferry Tour final.

The winner of the Memorial Health Championship also receives 14 points in the official World Golf Ranking, thereby improving his world ranking.

Memorial Health Championship 2021 wallet, winners share, prize money paid out

  • 1. $ 108,000
  • 2. $ 54,000
  • 3. $ 36,000
  • 4. $ 27,000
  • 5. $ 22,800
  • 6. $ 20,700
  • 7. $ 19,200
  • 8. $ 17,700
  • 9. $ 16,500
  • 10. $ 15,300
  • 11. $ 14,190
  • 12. $ 13,200
  • 13. $ 12,300
  • 14. $ 11,400
  • 15 $ 10,800
  • 16. $ 10,200
  • 17. $ 9,600
  • 18. $ 9,000
  • 19. $ 8,400
  • 20. $ 7,800
  • 21st $ 7,290
  • 22nd $ 6,810
  • 23 $ 6,330
  • 24 $ 5,850
  • 25. $ 5,400
  • 26. $ 5,118
  • 27 $ 4,860
  • 28 $ 4,620
  • 29 $ 4,440
  • 30. $ 4,260
  • 31st $ 4,110
  • 32.3,990 $
  • 33. $ 3,870
  • 34.3750 $
  • 35.3630 $
  • 36.3510 $
  • 37. $ 3,390
  • 38.3,270 $
  • 39. $ 3,150
  • 40. $ 3,090
  • 41. $ 3,030
  • 42.2,970 $
  • 43.2,910 $
  • 44. $ 2,850
  • 45. $ 2,790
  • 46. ​​$ 2,730
  • 47. $ 2,700
  • 48.2670 $
  • 49.2640 $
  • 50.2610 $
  • 51. $ 2,580
  • 52. $ 2,556
  • 53. $ 2,544
  • 54. $ 2,532
  • 55. $ 2,520
  • 56.2508 $
  • 57.2496 $
  • 58. $ 2,484
  • 59. $ 2,472
  • 60.2460 $
  • 61. $ 2,448
  • 62.2436 $
  • 63. $ 2,424
  • 64. $ 2,412
  • 65.2400 $

Melco Resorts & Leisure Broadcasts Share Buy and Award Program

MACAU, July 8th, 2021 (GLOBE NEWSWIRE) – Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”) announced today that it has launched a share purchase and incentive program to promote engagement and to honor the commitment of its employees and give eligible employees the opportunity to benefit from the company’s long-term growth.

The share purchase and rewards program applies to eligible employees who agreed to participate in the company’s voluntary vacation program in 2020 at the height of the COVID-19 pandemic, one of a number of proactive cost control measures the company has undertaken in the face of the unprecedented Pandemic challenges.

As part of the Share Purchase and Rewards Program, an eligible employee will be invited to use a portion of their base salary to purchase and grant restricted shares during the term of the program, which runs from July 2021 to June 2022, to purchase and grant restricted shares to the Melco Resorts 2011 Share Incentive Plan a total of 200% of the base salary applicable at the time of grant. The maximum amount of blocked shares that can be issued under the share purchase and incentive program is less than 0.50% of the company’s total outstanding shares as of July 8, 2021.

Mr. Lawrence Ho, Chairman and CEO of Melco Resorts & Entertainment, said: “The Share Purchase and Award Program shows our recognition of the dedication and dedication our colleagues showed during the height of the COVID-19 pandemic last year. As the pandemic gradually subsides, we would like to express our gratitude and appreciation to all of our colleagues and ensure that they have a chance to benefit from the company’s long-term growth. Our colleagues are always the most important ingredient for future success. “

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made in accordance with the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. Melco Resorts & Entertainment Limited (the “Company”) may also make forward-looking statements in its periodic reports to the Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials, and in oral statements their officers, directors or employees to third parties. Statements that are not historical facts, including statements about the company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and a number of factors could cause actual results to differ materially from those contained in any forward-looking statements. These factors include, but are not limited to, (i) the global pandemic of COVID-19 caused by a novel strain of the coronavirus and the ongoing impact of its effects on our business, industry and the global economy, (ii) growth in the gaming market, and Visitor numbers in Macau, the Philippines and the Republic of Cyprus, (iii) capital and credit market volatility, (iv) local and global economic conditions, (v) our anticipated growth strategies, (vi) gambling authority and other government approvals and regulations, and (vii) our future Business development, operating results and financial position. In some instances, forward-looking statements may include words or expressions such as “may,” “will,” “expect,” “anticipate,” “aim,” “aim,” “estimate,” “intend,” “plan,” “believe” , “Potentially”, “further”, “is / are likely” or other similar expressions. For more information about these and other risks, uncertainties, or factors, see the company’s filings with the SEC. All information in this press release is as of the date of this press release and the company undertakes no obligation to update this information unless required by applicable law.

The story goes on

About Melco Resorts & Entertainment Limited

The company, whose American Depositary Shares are listed on the Nasdaq Global Select Market (Nasdaq: MLCO), is a developer, owner and operator of integrated resort properties in Asia and Europe. The company currently operates Altira Macau (www.altiramacau.com), an integrated resort in Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort in Cotai, Macau. The business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based electronic gaming machine operation in Macau. The company also majority-owned and operated Studio City (www.studiocity-macau.com), an integrated movie-style resort in Cotai, Macau. In the Philippines currently operates and manages a Filipino subsidiary of City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the company is currently developing City of Dreams Mediterranean (www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is expected to be the largest and leading integrated resort in Europe. The Company currently operates a Temporary Casino, the first authorized casino in the Republic of Cyprus, and is licensed to operate four satellite casinos (“Cyprus Casinos”). After City of Dreams Mediterranean opens, the company will continue to operate the satellite casinos while the temporary casino ceases to operate. Further information about the company can be found at www.melco-resorts.com.

The company is heavily backed by its largest single shareholder, Melco International Development Limited, a company listed on the Main Board of the Stock Exchange of Hong Kong Limited and largely owned and run by Mr. Lawrence Ho, the Chairman and Executive Director, and Chief Executive officer of the company.

For the investment community, please contact:
Robin Yuen
Director, Investor Relations
Tel: +852 2598 3619
Email: robinyuen@melco-resorts.com

For media inquiries, please contact:
Chimmy Leung
Managing director, corporate communications
Tel: +852 3151 3765
Email: chimmyleung@melco-resorts.com

The Nordic Leisure Group (STO:NENT B) Share Value Is Up 29% And Shareholders Are Holding On

We believe that investing is smart because history shows that stock markets will rise over the long term. However, if you do choose to buy stocks, some of them will underperform. For example the Nordic Entertainment Group AB (public) (STO: NENT B) the stock price has risen over the past year, but its 29% increase is below the market return. Nordic Entertainment Group hasn’t been on the list for long so it’s not yet clear if it’s a long-term winner.

Check out our latest analysis for Nordic Entertainment Group

In his essay, The Superinvestors of Graham-and-Doddsville, Warren Buffett described that stock prices do not always rationally reflect the value of a company. A flawed but sane way of assessing how sentiment has changed around a company is to compare earnings per share (EPS) to its share price.

The Nordic Entertainment Group had really great EPS growth last year. This remarkable rate of growth, while unsustainable, is impressive nonetheless. We are not surprised that the share price has risen. Turning points like this are the best times for us to take a closer look at a stock.

Below you can see how EPS has changed over time (you can find out the exact values ​​by clicking on the picture).

OM: NENT B earnings per share growth July 8, 2021

We like that insiders have bought stocks in the past twelve months. Even so, future profits will be far more important to whether current shareholders make money. These free interactive report about the Nordic Entertainment Group Earnings, sales and cash flow is a great place to start if you want to further investigate the inventory.

Another perspective

Nordic Entertainment Group’s shareholders gained 29% over the course of the year. While it’s always nice to make a profit on the stock market, we find that the TSR was no better than the general market return of around 48%. The last three months have not been so friendly for the Nordic Entertainment Group, the share price only increased by 4.0%. It’s not uncommon to see a company’s stock price between updates to shareholders. I find it very interesting to look at the share price as a proxy for business development over the long term. But to really gain insight we need to consider other information as well. Take risks, for example – the Nordic Entertainment Group has 4 warning signs (and 2 who don’t sit well with us) We think you should know.

If you’re into buying stocks alongside management, then maybe you will love this free List of companies. (Note: Insiders bought them).

Please note that the market returns given in this article reflect the market weighted average returns on stocks currently traded on SE exchanges.

Funded
To trade with Nordic Entertainment Group, open an account with the lowest cost * platform trusted by professionals. Interactive brokers. Your clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide through a single integrated account.

This article from Simply Wall St is of a general nature. It is not a recommendation to buy or sell stocks and does not take into account your goals or your financial situation. Our goal is to provide you with long-term, focused analysis based on fundamentals. Note that our analysis may not take into account the latest company announcements or quality material, which may be sensitive to the price. Simply Wall St has no position in the stocks mentioned.
* Interactive Brokers rated as the lowest cost broker by StockBrokers.com Annual Online Review 2020

Do you have any feedback on this article? Concerned about the content? Get in touch directly with us. Alternatively, send an email to the editorial team (at) simplywallst.com.

Opinion: AMC Leisure’s Share Value Is Being Manipulated

Wall Street has been ruled by private investors for almost six months. Even though private investors have been investing their money in the market for over 100 years, they have never had such an enormous impact on share prices as they did in 2021.

More specifically, retail investors on Reddit, Twitter, and other social media platforms have teamed up to buy stocks and call options out of the money on stocks with very high short interest. The goal of these retail investors is twofold. First they want a short press – a short-term event that pushes short sellers (ie, pessimists who bet on a stock’s downward movement) to exit. Second, since most short sellers are institutional investors, they want to “stick to the colors,” so to speak.

Image source: Getty Images.

“Monkeys” went crazy for AMC

Although GameStop was the representative of “Reddit-based trading” for months, it was replaced by the cinema chain AMC entertainment (NYSE: AMC)which has produced a higher return since the beginning of the year.

The army of retail investors who own shares of AMC, collectively known as the “monkeys” believe that a big short squeeze is waiting for the stock. Indeed, AMC has seen the number of short stocks spike in recent months. From June 15, 2021, Morning star listed 85.08 million shares as vacant, relative to a free float of closer to 449 million shares.

In addition to seeking a short squeeze, Monkeys believe Wall Street is deliberately manipulating AMC’s stock price. Read any message board and you will see multiple discussions about dark pool trading of AMC stocks, the implications of naked short selling (i.e. short selling of stocks that don’t exist), and the idea that hedge funds (kindly referred to) as the “hedgies” seek out bankrupt companies by dumping them into the ground.

In other words, AMC’s retail investors see themselves as a mission to embrace the manipulation of Wall Street.

But the kicker is that manipulation is taking place. It’s not coming from Wall Street, however. In my opinion, AMC’s retail investors appear to be the real source of stock price manipulation.

A person touching their smartphone, which is displaying a volatile stock chart.

Image source: Getty Images.

AMC is being manipulated, but not by Wall Street

As early as June 1934, the Securities Exchange Act was passed to cover secondary trading in stocks, bonds, and debentures in the United States. There is a section on market manipulation in this 367-page law that governs what is and isn’t legal in the investment world. Section 9 (a) and 9 (a) (2) state (Page 87, for those interested):

It is unlawful for any person, directly or indirectly … to carry out, alone or with one or more other persons, a series of transactions in a security that is registered on a national stock exchange, a security that is not so registered or in connection with any security Swaps or securities swap agreements in respect of such security that cause actual or apparent active trading in such security or increase or decrease the price of such security to cause others to buy or sell such security.

In other words, it is illegal to defraud other investors by doing anything that would artificially affect the price of an underlying security. AMC investors will tell you that they simply “like the stock” and that “it’s not illegal to buy and hold a company”. I agree and so do the law. If AMC investors like the stock, they can buy as much as they want and hold for as long as they want.

However, their actions on social media seem to indicate intentionally influencing the supply and demand for AMC stock. In particular, Reddit traders are using a combination of hype, deliberate ignorance of fundamental operational data, and misinformation to artificially drive AMC’s share price up.

How can I support these claims, you ask? Just search Reddit or Twitter for posts on AMC. You don’t have to look far to find the misleading or harassing tactics used to enforce what appears to be an honest (but coordinated) compliance. Pump-and-dump scheme.

A person texting on their smartphone while a chat bubble hovers over their device.

Image source: Getty Images.

AMC is constantly being hyped on social media

To begin with, AMC monkeys use absurd price targets and post thousands of times on social media boards every day to keep interest high. The most common tactic here is to keep proclaiming that a short squeeze is coming (despite no guarantee that one will happen) and ditch an absurd stock price level to keep less informed investors interested.

You can often find people on Twitter trying to get a hashtag version of the “AMC100k” or “AMC500k” trend. In other words, these people are trying to trick unsuspecting investors into believing that AMC will somehow go from $ 2 in January to $ 100,000, or $ 500,000 per share. For some context here, $ 100,000 per share would be a market cap that is well over double the US annual gross domestic product (GDP), while a $ 500,000 share price would be nearly three times global GDP (more than $ 250 trillion). Apple is currently the world’s largest publicly traded company with a market capitalization of $ 2.2 trillion.

These whimsical price targets may sound harmless, but they are a straightforward attempt to create artificial support with no fundamental support.

A person holding a magnifying glass over a company's balance sheet.

Image source: Getty Images.

Efforts to present income statement / balance sheet data are being dashed by the social media mob mentality

In my view, retailers are also manipulating AMC’s stock price by using social media tactics to stamp out any discussion of the company’s operational performance or balance sheet. And the reason is simple: the presentation of income statement or balance sheet data would completely destroy the purchase thesis of this company – and the manipulators know that.

Any attempt to discuss the company’s operating performance or its more than $ 5.4 billion debt will be posted on Reddit, Yahoo! and other message boards were quickly rejected and referred to as “FUD” (fear, uncertainty and doubt). Hence, the only message new investors will see is the carefully crafted message that AMC portrays as a short squeeze candidate with no obvious drawbacks and tens of trillions in market cap up.

But this never-ending confirmation bias doesn’t come close to telling the full story. While AMC has raised enough capital to stave off bankruptcy in the short term, the company’s 2027 bonds are nowhere near par value, suggesting bankruptcy still remains a very real possibility (albeit years later). This is not a FUD. That’s a fact.

In addition, ticket sales for the film industry were all rolled into one pretty steady decline in sales for 19 years. Even as AMC builds its market share, the industry has continued to shrink and is likely to continue to shrink as streaming and movie exclusivity goes against AMC.

Besides, the company is not profitable and so is it $ 324 million burned in cash only in the first quarter.

This is important information that investors should know. If you still want to invest in AMC, that’s fine. But deliberately suppressing and hiding specific facts from unsuspecting investors while hyping what is essentially hype-driven propaganda does not allow people to make an informed investment decision.

A person holding cash behind their back and keeping their fingers crossed at the same time.

Image source: Getty Images.

Misinformation and lies are the basis of this movement

The most egregious sign of manipulation, however, can be seen in the way AMC monkeys do Spread misinformation to encourage this pump-and-dump scheme. Below are some of the examples you will see on a regular basis and why they are not true.

  • Monkeys saved AMC:“Not correct. AMC saved itself by issuing hundreds of millions of stocks and high yield debt earlier this year. Camaraderie is essential to keeping other retail investors informed, which is why this falsehood has persisted for so long. The fact is that the operational performance of AMC and only its operational performance will determine whether or not it will be stored.
  • Short-selling hedge funds drive companies bankrupt:“Wrong. Short sellers and buyers are just people hoping for different results. That result is ultimately determined by the company’s operational performance. No matter how many stocks institutional investors short sell, they cannot bankrupt a company. Anyone who does says you are lying to yourself otherwise.
  • Hedge funds control the MSM:“Wrong. AMC retail investors want you to believe that every institutional investor is evil and that there is an ongoing battle between David and Goliath. The fact is, hedge funds don’t control the mainstream media (MSM). This is misinformation. Maintaining retail investors to keep less informed investors informed.
  • Hedge funds fill your pockets:“Wrong. Monkeys also routinely claim that any journalist, analyst, writer, television personality, etc. who are not exactly on par with them is paid by hedge funds or has hedge fund affiliations, this is a defense mechanism to keep the ‘us against them “Maintain the mentality that is required to keep this pump-and-dump scheme going.
  • Basics don’t matter:Wrong. A company’s operational performance and balance sheet are always important. And if you don’t think they are, speak to them Washington Prime Group Shareholders who saw half of their investment fizzle out overnight when the company filed for Chapter 11 bankruptcy protection on June 13. Washington Prime was touted by Reddit traders just hours before filing for bankruptcy for its high short squeeze potential.

In my opinion, AMC retail investors are hypocrites. They preach for transparency and rail against unsubstantiated manipulation on Wall Street, but purposely block the whole story on message boards and continue to spread misinformation to manipulate the price of AMC.

I have no idea how long the AMC stock price can remain artificially inflated by retail investors. What I do know is that every pump-and-dump scheme in history has collapsed at some point. AMC will be no exception.

This article represents the opinion of the author who may disagree with the “official” referral position of a premium advisory service from the Motley Fool. We are colorful! Questioning an investment thesis – even one of our own – helps us all think critically about investing and make decisions that will help us get smarter, happier, and richer.

Rovio Leisure Corp.: Share subscriptions based mostly on

Rovio Entertainment Corporation. Stock exchange announcement June 16, 2021 at 9.30 a.m. EEST

Stock subscriptions based on stock options 20th18th

Between April 20, 2021 and May 31, 2021, a total of 400,442 new shares in Rovio Entertainment Corporation were subscribed under the 2018 stock option program. 400,442 new shares were purchased as part of the 2018A stock options at a subscription price of EUR 4.96. The total subscription price of EUR 1,986,192.32 will be allocated to the invested free equity reserve.

The share subscriptions will increase the number of Rovio Entertainment shares to 82,101,203 shares.

The shares subscribed for as part of the stock options were entered in the commercial register on June 16, 2021, from this date the new shares establish shareholders’ rights.

The shares, along with the old shares, will be traded on Nasdaq Helsinki Plc from June 17, 2021.

ROVIO ENTERTAINMENT CORPORATION

More information:
Rene Lindell, CFO
RovioIR@rovio.com
Media desk: +358 40 485 8985

Distribution:
Nasdaq Helsinki Ltd
Key media
https://investors.rovio.com/de

About Rovio:

Rovio Entertainment Corporation is a global mobile-first games company that develops, develops, and publishes mobile games that have been downloaded over 4.5 billion times to date. Rovio is best known for the global brand Angry Birds, which started as a popular mobile game in 2009 and has since grown from games to various entertainment and consumer products under branded licensing. Today, Rovio offers several mobile games and animations and produced The Angry Birds Movie in 2016. The sequel The Angry Birds Movie 2 was released in 2019. Rovio is headquartered in Finland and the company’s shares are listed on the main listing of the NASDAQ HelsinkiQ stock exchange with trading code ROVIO. (www.rovio.com)

AMC Leisure Holdings, Inc. Completes 11.550 Million Share At-The-Market Fairness Providing Elevating $587.four Million in Further Fairness Capital

LEAWOOD, Kan .– () – AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”) announced that it has completed its 11.550 million shares in the market (“ATM”) of its share program launched today. AMC raised approximately $ 587.4 million in new equity, before commissions and fees, at an average price of approximately $ 50.85 per share.

Commenting on the capital increase, Adam Aron, President and CEO of AMC said, “The contribution of an additional $ 587.4 million in new equity on top of the $ 658.5 million raised earlier this quarter results in a total capital increase of $ 1.246 billion in the second quarter, which is a significant strengthening and improvement in AMC’s balance sheet, which provides valuable flexibility to respond to potential challenges and seize attractive opportunities in the future. ”

About AMC Entertainment Holdings, Inc.

AMC is the largest film exhibition company in the United States, the largest in Europe, and the largest in the world with approximately 950 cinemas and 10,500 screens around the world. AMC has driven innovation in the exhibition industry through: the use of its signature electrically adjustable seats; Providing an improved selection of food and drink; Generate greater guest engagement through its loyalty and subscription programs, website and mobile apps; Offers world-class, large format experiences and plays a wide variety of content, including the latest Hollywood releases and independent programming. For more information, visit www.amctheatres.com.

Website information

This press release, along with other news about AMC, is available at www.amctheatres.com. We regularly publish information that may be important to investors in the Investor Relations section of our website. www.investor.amctheatres.com. We use this website to disclose material, nonpublic information, and to comply with our disclosure requirements under Regulation FD, and we encourage investors to periodically visit this section of our website for important information about AMC. The information contained on or accessed through our website is not incorporated by reference in this document and is not part of it. Investors interested in automatically receiving news and information when it is posted on our website can also visit www.investor.amctheatres.com to sign up for email notifications.

Additional information and where to find it

This announcement may be viewed as an advertisement in relation to the annual general meeting of shareholders (the “Annual Meeting”) of AMC Entertainment Holdings, Inc. (“AMC” or the “Company”). This announcement is not intended to be a solicitation or a solicitation of a vote or approval. In connection with the annual meeting, the company plans to file a power of attorney with the Securities and Exchange Commission (the “SEC”) and to send it to its shareholders in relation to the business to be conducted at the annual meeting other way to transmit. The Company may also file other documents with the SEC relating to the business of its annual meeting. This document is not a substitute for the proxy statement or other documents that the Company may file with the SEC.

BEFORE TAKING A VOTING DECISION, COMPANY SHAREHOLDERS ARE REQUIRED TO READ THE FULL COMPLETE, IF AVAILABLE, AS WELL AS ALL OTHER DOCUMENTS THAT THE COMPANY MAKES WITH THE SECOND ASSOCIATION OR ASSOCIATION BUSINESS CONDUCTED AT THE ANNUAL MEETING AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS TO BE CONDUCTED AT THE ANNUAL MEETING.

Shareholders can obtain a free copy of the power of attorney and other documents that the company files with the SEC (if available) through the SEC’s website at www.sec.gov. The company places on its investor relations website at www.investor.amctheatres.com Copies of materials it files with or makes available to the SEC.

Participant in the tender

The Company and its directors, officers and certain employees and other persons may be regarded as participants in the solicitation of proxies from the Company’s shareholders in connection with the business of the Annual Meeting. Securityholders may obtain information about the names, affiliations, and interests of the Company’s directors and officers in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 12, 2021 (the “2021 Form 10-K”). To the extent that the holdings of the Company’s securities have changed by the Company’s directors and officers since the amounts reported on the Company’s Form 10-K 2021, such changes have been or will be reflected in the change of ownership notices filed on Form 4 with the SEC.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the federal securities laws. In many cases, these forward-looking statements can be identified by the use of words such as “will”, “may”, “could”, “would”, “should”, “believe”, “expect”, “expect,” “estimate”, ” intends, “indicates,” “projects,” “goals,” “goals,” “goals,” “predictions,” “plans,” “searches,” and variations of these words and similar expressions. Examples of forward-looking statements are statements we make about the impact of COVID-19, future visitor numbers and our liquidity. Any forward-looking statement only applies at the time of its publication. These forward-looking statements may include, among other things, statements about AMC’s current expectations with respect to the performance of its businesses, financial results, liquidity and capitalization, and the impact on its business and financial condition and actions taken in response thereto regarding COVID-19 -Virus and are based on information available at the time the statements are made and / or the good faith of management at the time with respect to future events and are subject to risks, trends, uncertainties and other facts that could cause actual performance or results to differ materially may differ from those expressed or suggested in the forward-looking statements. These risks, trends, uncertainties and facts include, but are not limited to, risks related to: AMC’s ability to raise additional liquidity which, if not realized, or insufficient to generate the substantial amounts of additional liquidity that is required Unless it is able to achieve a more normalized level of operating income, it would likely result in AMC seeking judicial or extrajudicial restructuring of its liabilities; the potential impact of AMC’s existing or potential rental default; the impact of the COVID-19 virus on AMC, the movie exhibition industry and the economy in general, including AMC’s response to the COVID-19 virus related to theater cessation, downsizing and other cost-cutting and maintenance measures the necessary liquidity and increase in expenses related to precautionary measures at AMC’s facilities to protect the health and well-being of AMC’s customers and employees; AMC’s significant indebtedness, including its borrowing capacity and ability to meet its financial support and other obligations; The type, timing and amount of benefits AMC receives under the CARES Act or other applicable government benefits and support; the effects of impairment; Film production and performance; AMC’s lack of control over film distributors; intense competition in the geographic areas in which AMC operates; increased use of alternative film delivery methods or other forms of entertainment; Reduction of the exclusive theatrical release window; AMC Stubs A-List does not match expected sales projections; general and international economic, political, regulatory and other risks; Restrictions on the availability of capital; AMC’s ability to refinance its debt on favorable terms; Availability of financing on favorable terms or at all; Risks related to impairment, including relating to goodwill and other intangible assets, and theater and other closure fees; and other factors discussed in AMC’s filings with the SEC. Should one or more of these risks, trends, uncertainties or facts materialize, or should any underlying assumptions prove incorrect, actual results could differ materially from those expressed or expected in the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of their publication. Forward-looking statements should not be read as a guarantee of future performance or results and are not necessarily precise statements as to the times on or when such performance or results will be achieved. For a detailed discussion of the risks, trends, and uncertainties that AMC faces, please see the “Risk Factors” section on the company’s Form 10-K 2021 filed with the SEC and the risks, trends, and uncertainties identified in its others public filings were identified. AMC does not intend or undertake any obligation to update the information contained herein to reflect future events or circumstances unless required by applicable law.

Category: Corporate News