Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Well let's see who made it past 3rd grade shall we? I don't care to relive an engineering degree's worth of Calc classes but it seems to me that if their current value is $389,708,921,000 and they lost $94,744,073,000 in one quarter then they can lose the same $94,744,073,000 only 4.11328021528357 times (or 5 quarters rounded up) before the value goes to ZERO.
But that's ok. Citadel's not my apes and not my circus. Let them keep digging their way out of a hole. I'm just pointing out that it must've hurt losing $94B in a single quarter. I've seen CEOs get canned for far less.
I'll stick with AMC/APE TYVM and I've been very green for a couple years now from this play and now I'm just watching the show... Let's see where it goes. Tick Tock!
Have a nice day!
ps. and granted that doesn't show cash on hand, but when have they sat on significant cash?
IMO/NFA
But yet I can still count my profits on this play so far! ROTFLMFAO!
I also wonder if that includes "Liabilities not yet purchased". IYKYK. LOL!
IMO/NFA
Ummm. Let's see. It shows Citadel Advisors LLC on the paperwork. Here's the image from reddit:
And link from one of the posts (there are others from Unusual_Whales also):
Reddit post on 13F's
IMO/NFA
WOW! Citadel's 13F shows a $94B realized loss in previous quarter?!! ...so far.
So all the peeps harping about it being "unrealized" losses on paper seem to have changed their tune now, huh?
So a little math, 5 quarters like that and it would be an extinction level event leaving the rest of the Street to pick up the pieces and pay the bills due...if they even can. This is looking more and more like people will be demanding accountability with cells before sells.
Let's hope they can still cover/close AMC positions and limit the damage to just their own investors before it's too late; for the sake of the overall market as a whole! I don't think the remaining members will look to kindly on literally being forced to pay for others actions. Tick tock!
Pass the popcorn.
ps. didn't they have a penalty for member withdrawals that made it 5 or 6 quarters required to withdraw funds? I recall something to that effect, or a delay, or something like that?
IMO/NFA
Has Computershare or AMC confirmed that change (NYSE action) anywhere publicly yet?
IMO/NFA
Par value of Apple? $.00001
Par value of Amazon? $.01
Par value of APE? $.01
Actual value of APE? Priceless.
IMO/NFA
"and have the feds on their side". ...or... has it crossed anyone else's mind that the Feds are fed up (pun intended) with the heat and corruption charges being aimed at them, and this is a by-the-book effort to flush out the bad actors with a spotlight? GME almost hit the mark but a loophole with just splitting the existing has rendered that a technical misfire with their dividend. AMC adjusted and closed the loophole having learned how to deal with shorts "better" after taking feedback from their investors. Now the company, and SEC, and investors will put this under the microscope as they watch this dividend flow through the gates to find out who is causing problems in "the system" and belong behind bars...or complicity does in fact rule and SEC/Feds risk burning it all down in a very public way. We'll have a better idea in under 2 weeks. Tick tock!
No cell, no sell.
Have a nice day!
IMO/NFA.
It's a one-two punch knockout, ding-goes-the-bell fight.
IMO/NFA
Remember today is about options chain for most, so look for a fight down as they try and reduce the Gamma hit next week.
Date of record for AMC positions isn't until COB Monday 15Aug for those that want to avoid the AMC/APE two-step. Tues-Fri is patience while shares post into accounts. And Monday 22 Aug is APE FTD day for those late to the party. I wouldn't be surprised if the final pushes are the 1 Sep Phase 6 deadline or the FTD report in Sep (that covers 22Aug trades). Or maybe those will be finales. Who knows...
IMO/NFA
Time will tell. I'll agree with that. Til then...
"Disney raises streaming prices after services post big operating loss." "The increased operating loss occurred even while Disney added about 15 million new Disney+ subscribers in the quarter"
Streaming lost $1.1B in fiscal 3rd quarter (OUCH!) and "plans to lose money on Disney+ until 2024"...at least.
But hey, you do you. I, for one, will stick with AMC TYVM.
ref: https://www.cnbc.com/2022/08/10/disney-raises-price-on-ad-free-disney-38percent-as-part-of-new-pricing-structure.html
IMO/NFA
Maybe. Dilute into the APE squeeze and make money to pay off debt. Which in turn exposes the squeeze in AMC and make even more money there. It's like a 2 for 1 money making deal!
See, we're "watching and learning"! ROFL!
IMO/NFA
Right. I was hoping for a tighter window. This has probably just all been FOMO and waffeling interest, covering hasn't even started yet IMO. We'll know by Friday though...
IMO/NFA
FYI-Reddit is showing that Susquehanna got margin called during that halt for $48 BILLION... no info on how long they have to cover/deposit that though. Anyone here happen to know average time from margin call to cover requirements for institutions???
IMO/NFA
LOL! Can you just imagine that? Talk about worldwide repercussions; the death of Wall Street through corruption and loss of trust. Oofdah!
In addition, I believe the NSCC AMC SFTs have to be closed out completely and exited before a non-supported corporate action as well, so that'll probably come into play as well. ie. they can't roll them through the dividend issuance. So more pressure to close Pre-ex.
IMO/NFA
In my opinion and purely speculation but... if there are shares showing in your account, the broker is the face to the customer and has to make good on it. Now it may involve some finger-pointing behind the curtain on who/where "the system" failed and where the money comes from that gets sent to the brokers to pay for broken leverages (broker, MMs, DTCC, SHFS, SEC, etc), but there are many protections/insurance built in that will help make sure investors get what they're owed when they sell...IF they sell.
Now the situation has been split between pre- and post-exdividend. Pre-exdividend the market has the chance to close out short positions (naked or normal) by purchase of those individual AMC shares that were sold short before the cutoff date. I'm guessing that pretty much nobody is going to get scared out of their shares anymore by the FUD, all that's left is battle-hardened apes and they didn't sell between here and $72 before so why would they take a lower sale price, right? So there's only one way to unseat lots of shareholders and that's by taking the price higher and higher and see how many shares can be flushed out. For every AMC share they gain and close Pre-exdividend they save themselves buying TWO parts Post-exdividend. Keep in mind the short seller owes not just the ooriginal share of AMC, but an additional APE share to the lender to close out after Post-ex. That's why all that discussion on Reddit stopped in it's tracks when they were asking why the shorts don't just wait until after the Post-ex and close positions by buying a "reduced" AMC share... it's because they'll still owe the other half through the APE share to complete the close/cover puzzle.
So imagine a scenario where the PPS of AMC is $1000 on 19Aug, goes to $500 on 22Aug, and stays at $500 while the PPS of APE goes wild in excess of $500+ based on how unsuccessful the shorts were in getting AMC shares Pre-ex. If "billions" of fake naked short-sold shares STILL require the other half of the puzzle Post-ex, then APE could divorce the price connection to AMC and fly to thousands MORE because the synthentics need to be mated before closing. This is probably key to AA's comments on the ability to sell tranches of APE shares to raise company funds and buy down debt by capitalizing on any synthetics. If they don't exist, or exist minimally, then it's no big deal and we just have common stock plus preferred stock splitting the price for market cap... and still deal with ~20% short interest that's been declared above the table.
In my mind the key to how high this goes depends on how aggressive lenders are in short share returns and close outs (whether Pre-ex, or if they're willing to wait til Post-ex and deal with even more complexity/uncertainty).
So Pre-ex squeeze of AMC, or Post-ex squeeze of APE; either way could be a win in the column for shareholders. And that's all before we even get to ISDA IM Phase 6 requirements...
Hopefully that all makes sense... it seems to snap in and out of focus for my sleep deprived brain every once in a while. LOL! :-P
IMO/NFA
2 things that I can see.
1. One insert. AMC will issue shares to Computershare their transfer agent. Computershare will issue shares to it's customers that have DRS'd shares, then Computershare will send the *remaining* shares to..."
2. On taxing subject AA sent a tweet.
?As for U.S. income taxes, this all should be tax free to you. There is no tax owed on the APE when you get it. If/when you sell it, our understanding is that for short term/long term purposes, the acquisition date of your APE is the same date as with the corresponding AMC share.
— Adam Aron (@CEOAdam) August 6, 2022
If this is accurate, then it’s even more of a genius play than I thought at announcement.
Listen to the broker info about how APE is a preferred stock (at:
What's this "sell" term that you speak of? LOL! We still have a long way to go to hit target prices. Didn't go capital gains long for pocket change...
IMO/NFA
Yeahhhh, I think they're at the point where they've said "forget the options chain, flip it or die"...
Next week t+ will be a killer.
Tick Tock!
*munches popcorn watching show
IMO/NFA
Through it like a hot knife through hot butter... LOL!
"*****LOL , AMC was at $19.75 yesterday !!!" And AMC is still hitting $19.75 today. What's the point again?
I wonder where all those FTDs went... Hmm.
IMO/NFA
And the apes (that are also future APE holders) just said to the SHFs, "Your move now, Tick Tock!". This is getting good. What a plot twist!
*munches popcorn
IMO/NFA
And they keep digging, and digging, and digging deeper into the hole...
Maybe someone should've told them the solution is to stop digging and close it up.
Nah. ROFL!
IMO/NFA
They just keep digging their hole deeper. Expect SHF and MM volatility to try and scare up shares between now and 8/19.
IMO/NFA
"TODAY...WE...POUNCE" -AA
1. In this important “Tweetstorm,” a dozen messages explain a bold step. In addition to releasing today our handsomely improving second quarter 2022 earnings, we also broke out the 3-D chess board and got creative. A big move that addresses so many of your asks. TODAY…WE…POUNCE
— Adam Aron (@CEOAdam) August 4, 2022
APE shares as a dividend! Woot! Let's flush out the actual number of shares floating in the market in a 3D chess kinda way.
IMO/NFA
Wow! Down $18 Billion...minimum! Hedge funds in general seem to be disrupted and having a rough time lately. I wonder why?
https://tremendous.blog/2022/08/04/hedge-fund-giant-tiger-loses-over-18-billion-long-fund-down-64/
Side note from a business perspective: If your talented staff just lost you $18B how concerned should you really be about retaining that kinda "talent"?
Don't forget the penny!
I'll never forget the Rich penny valuation now... LOL!
IMO/NFA
Bullish. Where's all the AMC "theaters are dead" FUDsters at now?
"The unusual move follows a change in leadership after Warner Bros merged with Discovery in May 2021, with David Zaslav its new CEO.
According to the Hollywood Reporter, Zaslav has prioritised cost-cutting measures and refocusing the company on creating theatrical films rather than projects for streaming."
https://www.bbc.com/news/uk-scotland-glasgow-west-62406098
IMO/NFA
With everything that has been exposed so far, if AMC/GME does NOT squeeze and run, there will probably be nothing short of a popular rebellion leading to the overthrow of corrupt Wall Street, downfall of US markets dragging elites down along with the house of cards, and a population determined to get justice & accountability. If the American markets (and regulators) prove they can't be trusted, the other markets that do ban shorting (naked and otherwise) suddenly look a whole lot more appealing when it comes to fair and free markets, don'tcha think? It also begins to make more sense for retail to take their money and invest outside the markets or sit on cash in a local credit union instead. The fat cats can eat their own then algo trading amongst themselves in a big cluster.... at least until class warfare kicks in; ever see the movie Ants? LOL!
Blockchain, T+0, transparent audit logs, and neutral conflict of interest regulators will be mandatory to bring WS back online...for starters. Because it seems the most effective capital market killer is corruption, as Wall Street history knows all to well and the Chinese are about to find out the hard way.
BTW, Volkswagen was only 12% short in 2008. What's AMC at again? Oh, yeah, around 20%ish.
Just sayin'. Have a nice day. ROFL!
IMO/NFA
...hedge fund training manuals... (IF they survive)
Found under the chapter of what NOT to do.
IMO/NFA
Happy to be here with ya!
One of those Mt. Dews are mine, pass it down please. I'm holding off on the celebration beer until later when the show gets going and good...lol. :-P
I have a hunch this will be one for the record books.
IMO/NFA
AMC is ready and capable. HKD just proved the apes thesis. $12.05 to $2,555.30 per share and with how many buy button cancellations and concerns over market cap? Exactly.
Yup. This market is beyond corrupt.
Popcorn at the ready and waiting for the show to start...
IMO/NFA
They made the mistake of dropping the price and now it's gobbled up...
IMO/NFA
...and you don't see the problem with that???
Fair, Transparent, Free Market...NOW!
IMO/NFA
Yet they still continue to scream without getting/presenting perspective...
IMO/NFA
Ref and credit due to: https://www.reddit.com/r/amcstock/comments/w4n5zt/a_little_perspective/
So serious question to whomever can answer it.
If Blackrock's $1.7T (yes with a T) loss is "the largest sum ever lost by a single firm over a six-month period", how is it the CEO is still in place and not had the door slammed on the way out from investors/clients/stakeholders/etc?
Ref: https://www.dailywire.com/news/investment-giant-blackrock-loses-1-7-trillion-in-six-months