i saw this on drive to work .. ive seen couple of his DD.. very thorough and easy to understand .. my whole thing is ..
So wanda sold .. good yea it tells us those 30mil "fake shares are gone and retailers are holding real ones now"
but whats to say .. that another co wont come along and scoop up big chunk of fake shares to short it ? ( or is SEC really going to stop them from purchasing now that it has been quite clear that only synthetic shares are available .. even the ones we are buying daily ?
Did Review Dork call those fake shares? As far as I understand it the synthetic stocks are created when hedgfunds borrow shares that dont exist as IOU's to artificially short the stock.
Wanda was a real legitimate share holder and even the majority owner of AMC not long ago. Now we the people are by far the majority owner of AMC.
SEC has slowly been passing policy to address fake shares, but I dunno lets see....its going to get to the point where its
possible they cant keep up if they get margin called.
There still are real shares available whenever a retail investor (especially swing traders) of other hedgefunds flipping real shares around. Brokerages can loan out real retail holder's shares out (unless you manually turn off lending in your account) and other large investors can loan our their own shares (such as Blackrock) as high short interest gives them incentives to do so.
So...keep in mind, Im an idiot but I think this has to do with IOU's and loaning out shares that dont exist. I think thats how the synthetics are created in the first place unless there are other methods.
Then again us retail investers perhaps own more shares than exist so who has fake and real ones?????? Cant say Wanda actually owned a bucket of fake shares, lol but now I think about it maybe they were or maybe they werent. If we all sold at one time then what?
Hedgefunds also swap the same shares back and forth with eachother to artifically create the illusion of mass short selling. Then there are the Darkpools which is a backdoor method to pull this dirty trick off.
If anybody understands this better fix me up, lol
We are dealing with cheaters and a SEC I dont fully trust that is only taking action because of the national and global attention this is getting. Thats why I warn people there are no guarantees and I get mad when people like Trey talk about all these things they are going to do with money they havent earned yet.