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re: Holding AMC Thread- Diamond hands unite
Posted on 6/9/21 at 4:12 pm to Chucktown_Badger
Posted on 6/9/21 at 4:12 pm to Chucktown_Badger
quote:
More than 80% of AMC shares are held by a broad base of retail investors
You missed the part where he said “more than”
@abita I stand corrected. My maths statement wasn’t correct.
1
Posted on 6/9/21 at 4:13 pm to carlsoda
quote:
You missed the part where he said “more than”
So you're suggesting it was maybe something like 91% and they just decided to go with "more than 80%" because that was accurate enough?
Seems like an interesting way to share the number for a CEO who wants to mobilize his retail investor base.
I would wager it was 80 point something percent.
This post was edited on 6/9/21 at 4:14 pm
Posted on 6/9/21 at 4:14 pm to Chucktown_Badger
quote:I only respond to you, in order to show everyone that your posts should be ignored.
So your "official share count" has not revealed an actual share count exposing the true amount of synthetic shares, as you've been claiming. If it had this math would be clear and agreed upon by everyone.
Color me shocked by this
4.1 million shareholders ELIGIBLE to vote! That does not include owners overseas, institutions, or insiders. There are 502 million shares outstanding.
Ortex reported today that there are over 100 million shares shorted.
I know you are too dense to understand the implications of this, but I type this for the others who read it and can easily understand. THERE ARE A TON OF NAKED SHORTS!
Posted on 6/9/21 at 4:15 pm to greygoose
Ok, but you said the share count would reveal them. Where are they and how many are there?
I'm thinking I would like to speak to the manager and request my money back on this share count.
I'm thinking I would like to speak to the manager and request my money back on this share count.
This post was edited on 6/9/21 at 4:16 pm
Posted on 6/9/21 at 4:22 pm to greygoose
quote:
It's way more than 10%! Ortex said just today, that there are over 100 million shares shorted. That is 20%!
Guys, with all due sincerity, do not listen to greygoose with respect to his reasoning/data. If you want to buy AMC, you do you, but at best he doesn’t understand these numbers, and at worst he is being intentionally misleading.
The Ortex tweet is the 5/28/21 data. It’s not as of 6/2. All it means is that Ortex’s process for estimating short interest between reports was assuming more returned shares were shorted than was actually the case. In fact, if anything, the short interest report for 5/28 can be used to remove even more synthetic shares from the share count.
Posted on 6/9/21 at 4:25 pm to elprez00
quote:
Come on slack. That’s like saying “You’ve been saying my sisters a whore, but not really because she only gives blow jobs”
I never said synthetics were impossible. I said they weren’t likely, and they definitely weren’t anywhere near the levels people were making up.
Posted on 6/9/21 at 4:28 pm to greygoose
quote:
know you are too dense to understand the implications of this, but I type this for the others who read it and can easily understand. THERE ARE A TON OF NAKED SHORTS!
Greygoose, give us a number. Tell me how many naked shorts exist in your opinion? You don’t even have to show your work.
Posted on 6/9/21 at 4:28 pm to slackster
quote:
never said synthetics were impossible. I said they weren’t likely, and they definitely weren’t anywhere near the levels people were making up.
That doesn’t make it any less illegal.
Posted on 6/9/21 at 4:29 pm to Chucktown_Badger
quote:
So you're suggesting it was maybe something like 91% and they just decided to go with "more than 80%" because that was accurate enough?
Seems like an interesting way to share the number for a CEO who wants to mobilize his retail investor base.
I would wager it was 80 point something percent.
One of us here is dense and it could very well be me. Let’s break it down. Is 4.1m own an act of 120 shares... what’s that number? Take that number and divide but the amount of outstanding shares 502m for easy maths. To me that is 98%. Please someone tell me where I’m off.
Now you do your maths and we can compare.
How much you want to wager. I think I like my odds
Posted on 6/9/21 at 4:30 pm to elprez00
quote:
That doesn’t make it any less illegal.
There is no proof they even exist in the first place though. I did the math for the best possible set up. There were enough shares on loan on 6/2 for every possible short share to have been secured, aka, no naked shorts.
Posted on 6/9/21 at 4:33 pm to carlsoda
quote:
One of us here is dense and it could very well be me. Let’s break it down. Is 4.1m own an act of 120 shares... what’s that number? Take that number and divide but the amount of outstanding shares 502m for easy maths. To me that is 98%. Please someone tell me where I’m off.
It is super weird to say more than 80% when the math says it’s 98%. Methinks there was a lot of rounding, but even then, it’s weird.
Posted on 6/9/21 at 4:39 pm to carlsoda
quote:
One of us here is dense and it could very well be me. Let’s break it down. Is 4.1m own an act of 120 shares... what’s that number? Take that number and divide but the amount of outstanding shares 502m for easy maths. To me that is 98%. Please someone tell me where I’m off.
What I had to reread was the number of shareholders who could vote, and then the % of total shares that were owned by retail. They were presented as two separate numbers:
4.1MM shareholders who could vote (this includes everyone who is eligible, this is not just retail)
80% of shares are held by retail, with the average retail shareholder having 120 shares
So if we are agreed that the total number of shares is 502MM, then 401,600,000 is the total owned by retail. If the average number owned is 120, then there would theoretically be 401,600,000 / 120 = 3,346,667 retail shareholders of AMC.
But maybe I'm reading the numbers differently or incorrectly. The data provided, in this thread at least, leaves out a lot of detail that would help.
Posted on 6/9/21 at 4:40 pm to slackster
quote:He gave you a set of numbers, and left it up to conclude what is going on. Sorry if you don't get it. We can't all be such a Debbie Downer, that can't understand the math.
It is super weird to say more than 80% when the math says it’s 98%. Methinks there was a lot of rounding, but even then, it’s weird.
Posted on 6/9/21 at 4:43 pm to greygoose
quote:
He gave you a set of numbers, and left it up to conclude what is going on. Sorry if you don't get it. We can't all be such a Debbie Downer, that can't understand the math.
, like I said, this torpedoes you’re entire thesis and you’re lashing out. Twitter is already full of your type arguing that the 120/shr average is bullshite and whatnot. They can’t accept they were incredibly wrong.
Adam Aron, friend of the apes, has to talk in code apparently.
Posted on 6/9/21 at 4:45 pm to Chucktown_Badger
quote:If insiders and institutions can't vote, who does that leave?
4.1MM shareholders who could vote (this includes everyone who is eligible, this is not just retail)
quote:
4.1MM shareholders who could vote (this includes everyone who is eligible, this is not just retail)
80% of shares are held by retail, with the average retail shareholder having 120 shares
quote:
So if we are agreed that the total number of shares is 502MM, then 401,600,000 is the total owned by retail. If the average number owned is 120, then there would theoretically be 401,600,000 / 120 = 3,346,667 retail shareholders of AMC.
Holy shite! Talk about going around the world, and manipulating data! I've seen stretches before, but this one takes the cake!
quote:First post I've ever seen you get right!
But maybe I'm reading the numbers differently or incorrectly. The data provided, in this thread at least, leaves out a lot of detail that would help.
Posted on 6/9/21 at 4:45 pm to carlsoda
Never mind . Misunderstood
This post was edited on 6/9/21 at 4:53 pm
Posted on 6/9/21 at 4:49 pm to slackster
quote:
There is no proof they even exist in the first place though. I did the math for the best possible set up. There were enough shares on loan on 6/2 for every possible short share to have been secured, aka, no naked shorts.
Honestly slack, I’m not here to argue with you. I’ve openly admitted I’m new to all this, and my goal here was to make enough money to buy a new shotgun. I did that at $20.
But from an outsiders perspective, and trying to read up and learn, there is enough here to at least appear to be shenanigans taking place. An I suppose sometimes that’s enough to make crazy things happen
I think anyone that’s dumb enough to dump real money into this under the assumption that it’s going to make you a millionaire is certifiably insane. I’ve heard of people putting their mortgage payments, equity, “life savings” type stuff. If they did at single digits, I certainly hope they were smart enough to cover that now.
But on the flip side, if there is a chance that marker makers are being allowed to illegally manipulate prices, causing real people to lose real money, then they should be in jail.
And don’t fine them pennies. That’s just silly and won’t ever change behaviors.
This post was edited on 6/9/21 at 4:51 pm
Posted on 6/9/21 at 4:49 pm to greygoose
quote:
Holy shite! Talk about going around the world, and manipulating data! I've seen stretches before, but this one takes the cake!
Dude, you're psycho. The numbers I quoted were direct FROM YOU.
The statements were as follows:
80% of all shares are owned by retail
The average retail trader holds 120 shares
So if the total number of shares is legit (again, YOUR NUMBER was 502,000,000), the math is easy enough that even an ape like yourself could do it*.
*But not really
ETA: But hey, I admit I may be missing something. Use the numbers from the release and show your work. Would love to see it
This post was edited on 6/9/21 at 4:51 pm
Posted on 6/9/21 at 4:52 pm to Chucktown_Badger
quote:
Chitown_Badger
Posted on 6/9/21 at 4:55 pm to Chucktown_Badger
quote:After reading the press release, this is what it says. Though it appears several of the numbers are rounded, so the answer isn’t precise.
So if we are agreed that the total number of shares is 502MM, then 401,600,000 is the total owned by retail. If the average number owned is 120, then there would theoretically be 401,600,000 / 120 = 3,346,667 retail shareholders of AMC.
So does this info say anything useful about the existence or number of synthetic shares?
This post was edited on 6/9/21 at 4:56 pm
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