AMC Entertainment Holdings Inc (AMC)

[Beek]

Isn't that what's so nefarious in this? Remember when people were asking, "where are they finding all these shares to short with" and suppressing larger runs? Their short share "locates" weren't in the existing share pool(s), which was dried up, they were outside the pool in the bond instead.

Now that the bond was withdrawn by AMC, any issuances (not by the company, but by HFs against the bond) needs to be reconciled if I have this right. Remember, the convertible bond that the S-3 removed covered just under 35M (34,285,680) shares. AMC stated, "The Registrant confirms that no securities have been issued or sold under the Registration Statement." But the HF that holds the bond can't say the same, can they? So they (the bond owners) have to hand back an intact reconciled bond or they remove the shares issued to market worth (bond was at approx $17pps of debt, so current prices would equal ouch!).

Someone smarter than me can answer this question I still have though: If the public owns 80-90% of float and 35M shares of "bond shares" are removed from play, what does the percentage of public-owned float move to?

Please correct as needed. TIA