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If AA sells shares in the next few weeks, you will know he is knee deep in this racket. AMC is not hurting for money right now so the only reason to sell is to help out the shorts.
I understand there is a Class Action suit being prepared against the SEC and FINRA for failure to protect shareholders by allowing the 40 days of FTD's.
I read on another message board today that it is rumored that the AMC are discussing a name change and/or other things that would require all outstanding shares to be turned in. If they do this, right after the split, they could raise a lot of capital with very little dilution. Any one else heard this rumor and what else could they do to force shares to be turned in? I am losing my ass and looking for hope that I will get most of it back.
That wasn't really my question, but thanks for the response.
Someone please explain how this approval helps with the squeeze.....
Saw the news yesterday and it looks like we may have another squeeze starting. How high will they let it go this time? $50's, $60's, $70's ?
Three words to look for in the near future...Wheaton Precious Metals!!!
Three words to look for in the near future...Wheaton Precious Metals!!!
Won't be long until either Apple or Amazon try to buy AMC. Shorts better be very careful.
How much gold and silver does Hycroft have that they can sell now?
Any way to know truly how many FTD's there are?
I'll be voting NO to all three. I can't stand the idea of giving up 90% of my shares and then having the company issue enough to get out of debt. They can get out of debt on their own without breaking the backs of the same people that saved them in the first place.
Peterffy trying to talk people out of AMC, must have loaned out more shares than he had access to.
The main page shows it as "Sold Out"
At current prices Hycroft has roughly 28 billion in gold and silver in the ground. Buyout coming, I bet.
I am intrigued by the last round of debt reduction they have made. The debt holder accepted 500,000 shares to cover 5.5 million in debt. They must believe there is a huge jump coming. Could there be a buy out in the future? By my math that is $11 per share.
If there are a billion shares of AMC that is short (fake shares) then the shorts will have to create shares of APE which will also be short. I think the genius plan of AA is to wait a short period of time, let the shorts just keep going and keep shorting both AMC and APE until one day, in the not so distant future, he calls the 517 million preferred shares in. The shorts are really screwed then as they will have to buy them at any price. AA could sell as many as he wants into the market generating Billions of dollars for AMC, pay off all the debt and give each legal shareholder a nice high dollar dividend. What would the still remaining shorts in AMC do then, pay out a shi+ load of cash to all their shorts. AA is a genius.
I guess my concern is if my stock was borrowed and then sold to you, who gets to dividend? On the other hand, how do I know the stock I bought wasn't borrowed and someone else will get the dividend
OK, thanks. If your shares were borrowed and sold again, wouldn't both buyers be legal owners? Who would get the dividend since there is a limited number of APE shares and our AMC shares could have been borrowed and sold multiple times, all to legal buyers. I am confused.
Isn't it correct that if you originally bought legal shares and had them in a margin account, those share could have been loaned out by the your broker and you are now not eligible to receive the dividend shares? If that is correct, I would suggest that everyone with a margin account move their AMC shares immediately to a cash account. The broker would have to go get your shares back. If I am reading other posts correctly, it would need to be done before Friday. Just a thought....
Everyone could request the stock certificate for the APE shares. They will have to produce a paper certificate of the real shares.
If it trades under $10 the margin cost goes from 25$ to 30%
When AA said he would drop the hammer at the appropriate time, what do you guys think he has up his sleeve?
If AA and the board of directors don't do something soon to get an actual share count and force some kind of action, I will have lost all faith in them. They are getting paid a well deserved pay check now it is time for us. We have held strong and gave them the ability to keep the company alive. I WANT MINE...
I hear we have a big surprise coming Monday evening.
One day this week, every one on the 4 or 5 million retail shareholders should buy at least 10 shares and put them in a cash account that can't be borrowed. Take those 40 or 50 million shares off the court. See what the shorts have to do then to maintain. They better get a bigger shovel.
I see another 20% today and maybe 100% tomorrow. Lots of people will get out then especially if they bought on the last run up. They will be satisfied with getting back even, even though they know it will be a mistake and could go much, much higher.
Those 23,408,240 shares AMC just got in HYMC and now worth 68 million. Thats a lot of popcorn.
Our 22% ownership of the proven gold and silver reserves is about 10 Billion. That should make the shorts dirty real quick.
Who is Kenny Putin?
Some phones will start ringing at 5:00pm EST. They will have an entire weekend to get a bunch of money together to meet their margin requirements. Can't wait till Monday morning. Wish I could watch them squirm all weekend.
I believe by Monday morning there will be some margin calls. I AIN'T LEAVING.....
Now would be a good time for all those 4 or 5 million Apes to buy a few more shares. Drive it up and drive them out.
When AMC announces they are paying a dividend again, will that trigger a share count?
Looks like they will be able to refinance close to a billion. Next up is a dividend. Shorts time is getting closer and closer.
I was surprised by the pre-announcement today. I think we may get some news in the next couple of days about the refinancing.
Dear hedgefund. I will sell you my shares this week for $100. each. Price is good till Friday. Next week it goes up to $150.
I want to know where all the fails to deliver went. How much have they screwed the ETFs.
What does the passage of these two rules actually do to the shorts?
As many as I can.....