$AMC Entertainment (AMC.US)$ To my Singaporean MooMooer, let...
$AMC Entertainment(AMC.US$ To my Singaporean MooMooer, let's say AMC really get to $100k per shares, most of us is gonna be millionaire. After transferring A few millions SGD to our bank account, do we need to settle any paperwork or submit any documentation to the government?
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doyouhaveabadge : big dreamer
Joshskywalker : you must be trippin fam!!! Wake up
Jay SG OP : let's say la. ok basically my question is, if we win more than 1millions, do we need to submit any documentation to gov for this sudden wealth?
doyouhaveabadge : people will take profit once it goes up to few hundred. it's basic human behaviour
RBaggs : the price will be whatever we want it to be remember we own about 80% of the shares
我问天 : not possible to even reach 1000. if is 100k, do you think you will be paid? where is money gonna come from, hedgies don't have 100k/ shares to pay
Kuo董 : I would say not all will be millionaire. Some may have sold theirs early :D. Unless we r v determined to bankrupt them
ZStorm78 :
OoKeNnEtHoO : For something to be sold, someone has to buy them. While it is true the hedge funds will have to buy to cover their short position, if you set too high a price than everyone else who is selling, the hedge fund will end up buying from everyone else before you. Hedge funds also do not have infinite cash. So, if the hedge fund is completely bankrupted and you still haven't sold off, you are stuck with it. So, realistically 100k/share or even 1k/share is not possible because nobody will set that kind of price.
Invested_1M : Tmr we will see the rocket flying straight to 100 and beyond
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