I mean, that's a pretty legitimate reason to invest, no?
Softbank bought Sprint with the intent to give it the resources needed to do well. They pumped money into the company to cover debt service until eventually it merged with T-Mobile.
AMC got out of $600mm of debt as a result of its share price appreciation in all this madness.
Sure: I guess what I find novel is that rather than a Softbank, a self-organizing process of retail investors would drive the process.
For AMC debt: wow, that's pretty insane. Lots more cash, much less debt. They should encourage employees to become premium reddit members as a thank-you
Softbank bought Sprint with the intent to give it the resources needed to do well. They pumped money into the company to cover debt service until eventually it merged with T-Mobile.
AMC got out of $600mm of debt as a result of its share price appreciation in all this madness.
https://www.marketwatch.com/story/amc-entertainment-to-issue...
Share price is not arbitrary. It has ramifications for a company's credit, debt load, and ability to make acquisitions.