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Stock will go back to 63 plus today
AMC wouldn’t know how many shares individuals have. I believe the way it works is one vote per account but the custodian sends that along with your count of voting shares.
That can’t be right. So if you own all the shares except 5 shares and those are in 5 other accounts your vote is the same as theirs. It can’t be.
Chart looks good. High volume on bottoming, and tick up. We need another couple of days to confirm the chart but it makes sense
I really would like to know how it shows such a large amount of shares available at a low rate which I presume means there are even a larger pool available at higher rates? If they are so short which I know they are then where the hell is that being hidden - is it in fails ? There has to be a number somewhere that adds up. If they short naked without borrowing there will be a fail to deliver but even that number isn’t high according to stats. So how the hell are they doing it? Are all the numbers simply fake somehow? This will make a great movie - like the big short.
I think this slowly starts to move up. At this level paper hands have bailed and others have loaded more.
They are not going to declare bankruptcy that’s not in the cards at all
I noticed and still notice a lot of trades executed through FINY that don’t affect the posted prices. That might be how they are routing them.
How do you trade this with no volume and little volatility except to the downside?
I’m with you. I also maybe want to believe that they wouldn’t be such scumbags to hurt a lot of shareholders who bought a lot higher than current price. It would taint them to pull a stunt like that and I think they want to be perceived as a legitimate company.
What’s odd is that to increase the authorized there’s supposed to be shareholder vote. As far as I know that never happened.
I have a feeling soon we’ll know something that will explain all this and I think it will be a positive for those who didn’t sell
Dude they are selling shithole companies with no future for 5 billion that you’ll never hear of. A billion for this doesn’t seem far fetched
They could probably sell the company now for a billion to someone with vision and ability to scale this
Maybe there’s already a buyer wii hi inch is why they just filed. A shakeout before a buyout would be something the mms would want to do in that circumstance.
Maybe they think the future value of the company is high. That’s a 300 million market cap at .01. If this becomes a multi billion dollar company then those shares look awful sweet.
A lot of you bought higher and the mms know that so they’re messing with you to sell. hold your shares and buy more.
This is a shakeout plain and simple. I wouldn’t get caught up in theories on splits and dilution. The stock will bottom around here and go higher when the mms fell like running it or there’s a catalyst like new farms etc
The par value would increase proportionately to the reverse so it wouldn’t remain at .01 - so your theory based on that assumption doesn’t hold. If it’s a 1 for 2 reverse then the par value would increase to .02
The par value is split adjusted when there’s a split same as the authorized
If you are referring to the filing at .01 par the filing itself will be adjusted proportionately if there’s a reverse split. The authorized would be less be the par value would increase
So explain what this means to us from your perspective. I’m usually following but not sure of what your implying.
It’s there
This can’t go much lower. It was trading here before the company was even launched into the symbol almost
Are you talking coupon clips?
Can you explain last part - clips to smart money
I’ve said it before and maybe it’s a coincidence but almost to the minute that when LCBM says Asia is starting it tanks
Yeah but the only way they can issue any of the 30 billion is if it gets to a penny first.
We’ll all be up 500 percent by then
You need a good uptick to trade it smartly. Unless you sold everything already and plan on buying back at the bottom if you can call the bottom then I don’t see a good trade. Not enough volume yet.
Can’t get much lower. Wherever it lands and consolidates that the place to buy. I find it hard to believe they would go through this much work, get a great board, do some good or just to let the stock obliterate to zero.
That’s not a typo
The 30 billion as said in filing was for .01 par which is 5 times higher than current price not .001. Only a small portion for the preferred was .001
I’m not saying that’s why it is where it is I’m saying that there is no doubt that a part of it is dilution and a part of it is using dilution to shake harder than justified.
Also - if an institution wants to buy or sell a large block they are quoted a price range even before the block has been bought or sold and then the desk will implement algorithms that buy or sell the stock higher or lower and then give the institution the price they quoted they keep the difference. That’s why you’ll see sometimes prints after hours that are not real trades but simply the block buy or sell price print quoted for the institution block. The actual trades for the block happened earlier in the day and would have their own prints. So one big print for the buying or selling institution and many smaller prints versus the street.
And what I said also works in reverse when there is a lot of retail selling. They’ll buy from you and then bring it up to sell. They have algorithms that make it look like stocks are going higher so you buy and in reality their shorting and visa versa. That’s why the retail investor is generally on the wrong side of the trade versus the market maker. They also hedge with options to protect positions as they accumulate in a direction. Simply put - they absolutely do not make money on every trade. They make money over time periods by positioning themselves to fill orders profitably but not on a trade by trade basis.
What you are saying is 100 percent false. They do not make money on each trade. If there is a lot of buying they have to short it to you. In fact most MM trades are short sales. Once buying slows out they retrace the stock using algorithms to buy back. That’s how markets are made.
I told you it was a shakeout and for good reason this is a great PR. This goes up 25 percent tomorrow
It’s called a shakeout. Have you ever heard of a short ladder attack. Some trades aren’t even real it’s to themselves at different legal entities. They are not actually selling low they are laddering it down while selling to themselves. I have no doubt that a good portion of this shorting is to shake out so they can load up and run it up. Once they see consistent size and volume coming in they’ll pause, hold it there, churn the stock and decide to bring it up or down. They know where every single retail trade was bought they keep track and based on Fibonacci retracement a certain percentage of buyers below a retracement level will sell their stock. The algorithms make this all happen.
This is up tomorrow. It’s already oversold and undervalued.
I totally agree. I said before ‘the MMS are not gonna let these shareholders holding millions make a killing on this’. This is a broken stock for MMS there are too many large shareholders at a low price. There’s no room to run this as a profitable stock run for the MMS. They will be stuck buying all your stock high and they don’t want that.