GreenMachineX
Well-known member
Sounds about right.
Stocks
- Thread starter GreenMachineX
- Start date
GreenMachineX
Well-known member
APE price won't be tied to AMC, correct?
ValiantThor08
Board Sponsor
APE will initially get its price by taking away from AMC price. Then from that point, APE could follow the AMC price either up or down since there is no utility for APE.
ax1
Legend
The good news, even if its drops we were just at $9 shortly ago, and shorts were still stuck. And they will still be stuck. We have to account for APE, how much is the value and will it run along side AMC, time will tell. Adam Aaron isnt going to dillute billions of APE and have shareholders convert it to AMC overnight, that I dont believe will happen and even if he dillutes APE to raise money, getting out of debt is only good for AMC and its shareholders making this a safer play long term (Im holding as long as this all plays out) and allowing its conversion to AMC will probably be up for a vote way down the road.
Still today, I dont feel bullish or bearish, still dont know how it plays out and having it drop sucks but the short squeeze play still lives on.
ax1
Legend
What Valiant said....also, keep in mind the AMC shorts are also tied to the APE price. They are still responsible in a way for covering that, and lender agreements can force a share recall if they want to in order to collect their APE.
So maybe having 50% price value drop is a good thing? I dunno we will see.
Im not planning on selling either unless I see a big run up this week, which I doubt it will run high enough (if at all, Im not Lou lol!) for me to sell in 4 more days.
GreenMachineX
Well-known member
Anyone know how the APE drop works? At what point could someone sell AMC and still get APE? What's the earliest and latest we could sell AMC and still get APE?
BamBam54
Well-known member
@ax1 - I have no idea what kind of shady games are happening with AMC, and now APE, and Lou, and Trey, etc.
It all feels more and more like a big con game to me. Thus the reason why I bet it's never gonna hit $283. Or any major super short squeeze.
There will always be one more Citadel, or DCCC, or dark pool, or Guatemalan, or Big-Devil, or split/dilution.......
A never ending serious of excuses paired with a never ending promise for next week.......
And the other side will say this is all.a media scam to break the will of the HODLING and cause lower sales and give the hedges what they want.
It's never gonna hit $283. I am more certain by the day....
ax1
Legend
Its like a movie you never seen before, we will wait and have our ending on how this all plays out!
As far as I know, shorts still havent covered, thats been the very basis of the play for over a year and a half ago and their bet is impossible to win unless WWIII breaks out. AMC is now also a great fundamental play. If it doesnt hit $283 Im confident AMC will make me enough money that Ill be happy to pay you
ax1
Legend
These dates are always confusing to me but Ill try.
End of today was the "record" date to get APE, then there is a "ex-dividend" date before the 22ndm which means Friday the 19th before close should be last day. So I think the way it works is if tonight or starting tomorrow we sell our AMC's, the buyer will own our APE. Today was just a count, but should be all accounted for. 1 APE for every legal AMC accounted for, so for the rest of the week people who sell are also selling their already recorded dividend rights.
ax1
Legend
And there will always be another Overstock.com that was attacked by synthetic shorts where their own CEO played chess against the Shytadels, the Dark Pools and Guatemalans, the CEO got a checkmate and forced a short squeeze. Perhaps AMC is next?????
GreenMachineX
Well-known member
ax1
Legend
Probably by Friday 4pm.
GreenMachineX
Well-known member
ax1
Legend
Got it....now if I remember correctly we may get the APE afterhours Friday, or maybe Monday. Just keep an eye on your own account and be on them if you dont see them. Its supposed to be tradeable on the NASDAQ on Monday.
ax1
Legend
All my stock accounts are up in the green since I started trading, they shorted AMC I went long!!! Im performing better than Shytadel!!! LMFAOOOO!!!!!
Anyways the point is they are bleeding, and for sure not just because of MEME stocks, but having them bleed at this stage keeps putting more pressure on all of them.
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ax1
Legend
So Im listening to clear details from Matt Kohrs,
He says Shorts will be divided into APE. The market will decide on the ratio, nobody right now knows.
So, personal thoughts assuming this is the case....APE will be another heavily shorted stock, minus the synthetics. 18% of the float will be shorted right from the beginning on a official level. So far there will be no options chain tied to it, but that can change.
This is really an interesting time, although be mentally prepared for a initial downfall for both stocks.
He says Shorts will be divided into APE. The market will decide on the ratio, nobody right now knows.
So, personal thoughts assuming this is the case....APE will be another heavily shorted stock, minus the synthetics. 18% of the float will be shorted right from the beginning on a official level. So far there will be no options chain tied to it, but that can change.
This is really an interesting time, although be mentally prepared for a initial downfall for both stocks.
ax1
Legend
GQdaLEGEND
Legend
My dreams of beach house & Shelby on a big driveway seems to be fading away lol
ValiantThor08
Board Sponsor
Maybe not. We have to wait and see. If the company fundamentals continue to improve, and the shorts refuse to close, the short squeeze improves each day. It may take longer, but longer is better than never.
ax1
Legend
I really dont think its a matter of if, but how fast. Adam Aaron is a great CEO.
Their credit card line is coming out (Adam Aaron is one of the pioneers of Airline Credit cards and points.)
AMC Perfectly Popcorn line at grocery, convenience and mall kiosks.
HYMC Goldmine which looks very promising. Movie advertising company threw him free shares to help improve them (NCMI has gone up from 80 cents to a buck seventy,) professional services available for companies to help their books and revamp their businesses, Another 100 million dollars had been allocated out of their over billion cash on hand to invest in another business venture........just to name a good handful of things making AMC a transnational conglomerate.
Oh what else, he has been negotiating good deals to pay down debt at a heavy discount. And regardless of what people think of APE, it will allow them to raise money and make them debt free and cash positive which is the ultimate nail in the coffin for the failed short thesis, which is already dead anyways.
Im holding as long as it takes, the shorts havent covered and thats that. Ill still make alot of money even if it doesnt squeeze.
ax1
Legend
Im going over the last earnings call which is the first one I ever missed since the movement started.
So preferred shared rights (and the creation and issuance of APE) were solely up to the board of directors future discretion since 2013 after they had shareholder approval.
Adam did state that conversion to common stock, in this case APE to AMC will strictly be up the shareholder votes (APE giving rights as well) down the road at a future shareholder meating.
So AMC will not be dilluting like magic. APE can be diluted so they finally raise money which is great for the company so they can pay debt and invest making AMC stock much stronger and more of a nightmare for shorts.
So preferred shared rights (and the creation and issuance of APE) were solely up to the board of directors future discretion since 2013 after they had shareholder approval.
Adam did state that conversion to common stock, in this case APE to AMC will strictly be up the shareholder votes (APE giving rights as well) down the road at a future shareholder meating.
So AMC will not be dilluting like magic. APE can be diluted so they finally raise money which is great for the company so they can pay debt and invest making AMC stock much stronger and more of a nightmare for shorts.
ax1
Legend
How about a Yugo, and some sandbags so it holds down better in the snow? You can put a Margarita in a cup holder, if they made them for that car. Its all about the little things in life hahahahaa
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GreenMachineX
Well-known member
Are we rich yet?
ax1
Legend
Got my Yugo, downpayment $64.75, 60 easy installments of $4.95, yiipppiiiiii!
ax1
Legend
Could be some of it, who knows all these stocks are heavily manipulated and shorted..... They are all do to pump and likely pump together. Hedgefunds are down, money is getting more expensive and squeeze season is hopefully on but we will see before we jump to conclusions, this is nothing so far. Margin calls will hopefully pile up like a domino effect. Not financial advise Im a retard I really have only one good winning play in my stock carreer.
GreenMachineX
Well-known member
I'm hoping that after they finish milking those, they come back to AMC.
ax1
Legend
They just keep digging their grave that’s all.
We will see what happens next week, very interesting.
A lot of options could be in the money $25-30 so they probably want this under $25 another week to survive.
GQdaLEGEND
Legend
GQdaLEGEND
Legend
i was just hoping for 25$ amc end of friday .. now 23$ lol