Apollo Medical Holdings (AMEH) is the latest example a company whose shares will be subjected to a forced sell-off due to a miscalculation by the FTSE/Russell Indices. We expect the sell-off to severely impact the stock price by September 21st, the date the mistake is slated for correction.
By way of background, in December 2017 ApolloMed completed a reverse take-over (RTO) of a company called Network Medical Management ((NMM)). NMM shareholders hold approximately 82% of the company, with its shares locked up until at least June 2019.
FTSE/Russell added ApolloMed to its indices in June