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Message
re: Holding AMC Thread- Diamond hands unite
Posted on 6/9/21 at 3:08 pm to AbitaFan08
Posted on 6/9/21 at 3:08 pm to AbitaFan08
quote:
keep seeing people say that a share count is happening today. What’s the deal.
AMC is expected to report how many individual shareholders they have today. The information will be spun to fit whatever narrative the storyteller wants it to fit.
0
Posted on 6/9/21 at 3:09 pm to slackster
quote:Yet there just over 100 million short. How can that be, Professor?
That being said, there are only 87 million shares currently on loan, so current legal shorts can’t be higher than that.
And,
quote:
As of June 2, AMC had approximately 4.1 million shareholders eligible to vote at the upcoming Shareholder Meeting
Posted on 6/9/21 at 3:11 pm to greygoose
quote:
Yet there just over 100 million short. How can that be, Professor?
Because you can’t read.
Oh, and, boom?
quote:
Commenting about the share count, AMC President and CEO Adam Aron said, “The number of investors who want to own a part of AMC continues to increase and now stands at approximately 4.1 million. More than 80% of AMC shares are held by a broad base of retail investors with an average holding of around 120 shares.
Posted on 6/9/21 at 3:14 pm to slackster
So, from what I have gathered today on this thread is that the share price will be roughly between 7.50 and 30,000.00 in the am. 
Posted on 6/9/21 at 3:15 pm to EveryoneGetsATrophy
quote:
So, from what I have gathered today on this thread is that the share price will be roughly between 7.50 and 30,000.00 in the am.
And that no one knows anything in here.
Posted on 6/9/21 at 3:18 pm to slackster
quote:By those numbers, that means retail owns how many shares? That's right! 492 million!
slackster
But wait! Retail only owns, at most, 80% right? So, unless my calculator is broke, that a whole different number than the one above. Almost 100 million off! 400 million. Institiutions and insiders hold the other 20%. So, it appears that there are a bunch of fake shares!
Posted on 6/9/21 at 3:22 pm to slackster
Adam Aron says individual investors own approximately 492 million shares, we assume institutional investors own 135MM (at most since that’s the highest total I could find), and that gives us roughly 627MM shares. Ortex estimates 90 or so million shares were short on 6/2, so that’s 547 MM net shares.
The great synthetic share count is about 46 million shares using the most favorable assumptions possible.
The great synthetic share count is about 46 million shares using the most favorable assumptions possible.
Posted on 6/9/21 at 3:24 pm to slackster
Just an FYI that “retail” doesn’t really “own” shares it holds in a margin account, the broker does.
These days, even shares held in a “cash” account are questionable.
These days, even shares held in a “cash” account are questionable.
Posted on 6/9/21 at 3:24 pm to slackster
quote:
The great synthetic share count is about 46 million shares using the most favorable assumptions possible.
So Slack, is this enough to get this to $100, or do I sell in the morning?
I’m so confused right now.
Posted on 6/9/21 at 3:25 pm to slackster
quote:But I have been repeatedly told that synthetic shares were a myth! Are you saying they exist now?
The great synthetic share count is about 46 million shares using the most favorable assumptions possible.
Posted on 6/9/21 at 3:25 pm to elprez00
If it was don’t you think it would be ripping by now?
Posted on 6/9/21 at 3:26 pm to Hussss
quote:What brokerage is allowing margin on AMC right now? I know TDA doesn't!
Just an FYI that “retail” doesn’t really “own” shares it holds in a margin account, the broker does.
Posted on 6/9/21 at 3:27 pm to elprez00
quote:
So Slack, is this enough to get this to $100, or do I sell in the morning?
I’m so confused right now.
I wasn’t joking when I said it would be spun to fit whatever narrative people want, so I’m not going to act like this will help people see the light all of a sudden. The entire premise of hundreds of millions of synthetic shorts is absolutely torpedoed, but what AMC shareholders will do is anyone’s guess.
Posted on 6/9/21 at 3:34 pm to slackster
quote:
I wasn’t joking when I said it would be spun to fit whatever narrative people want, so I’m not going to act like this will help people see the light all of a sudden. The entire premise of hundreds of millions of synthetic shorts is absolutely torpedoed, but what AMC shareholders will do is anyone’s guess
No it isn’t, It’s pretty simple maths. The ceo said 4.1M with avg being 120 shares per. That is 492M. There is no spinning maths broski. Something is fricky and you don’t seem to want to believe it.@slackster and chitown, Did you also believe the election wasn’t stolen?
ETA: the answer to the last question will tell me all I need to know
This post was edited on 6/9/21 at 3:37 pm
Posted on 6/9/21 at 3:34 pm to slackster
quote:
The entire premise of hundreds of millions of synthetic shorts is absolutely torpedoed, but what AMC shareholders will do is anyone’s guess.
I get that, but based on the numbers conservatively 10% of the company is shorted with shares that simply don’t exist. And that’s based off current data. That doesn’t count what’s been happening over the previous few months.
Isn’t that A: illegal and B: kinda messed up?
Posted on 6/9/21 at 3:35 pm to greygoose
quote:
But I have been repeatedly told that synthetic shares were a myth! Are you saying they exist now?
I’m saying this information blows up your entire hypothesis and you’re reaching for win.
You: There are likely billions of synthetic shares of AMC out there
AMC: There are less than 50 million synthetic shares, at best, in existence.
You: See, I told you there were a lot of synthetic shares out there.
Posted on 6/9/21 at 3:37 pm to slackster
quote:Alrighty Professor, let's assume those numbers are correct. Retail holds 492 million out of a possible 501 million, right?
I wasn’t joking when I said it would be spun to fit whatever narrative people want, so I’m not going to act like this will help people see the light all of a sudden. The entire premise of hundreds of millions of synthetic shorts is absolutely torpedoed, but what AMC shareholders will do is anyone’s guess.
So, how many shares have been shorted? Retail owns 98%+ of the outstanding shares. What happens to the price of those shorted shares?
Posted on 6/9/21 at 3:38 pm to greygoose
Not sure,I don’t trade on margin. Learned my lesson in 2008 by buying failing banks on margin. One went completely under, Colonial. I was watching good ole Uncle Milty, Bobby Lowder and Pat Dye buy it hand over fist so I rode with them and lost BIG.
I know TDA is owned by Schwab now and Schwab has a 200% maintenance requirement on AMC.
War Eagle my friend.
I know TDA is owned by Schwab now and Schwab has a 200% maintenance requirement on AMC.
War Eagle my friend.
Posted on 6/9/21 at 3:38 pm to slackster
Come on slack. That’s like saying “You’ve been saying my sisters a whore, but not really because she only gives blow jobs”
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