What happens if Amazon takes over AMC?
$AMC Entertainment(AMC.US$
Well specially us apes that might be holding to synthetic shares? If as reported that Amazon buys up all the shares AMC hold, what happens to our synthetic shares. I'm assuming what we are buying are synthetic and no one is releasing real shares. Can we sell still? Who's going to buy? I can't wrap my head around this. Any well informed Ape able to clear this? I'm still hoping for my 100k a share. Please don't take it from me! lol 🤣
Well specially us apes that might be holding to synthetic shares? If as reported that Amazon buys up all the shares AMC hold, what happens to our synthetic shares. I'm assuming what we are buying are synthetic and no one is releasing real shares. Can we sell still? Who's going to buy? I can't wrap my head around this. Any well informed Ape able to clear this? I'm still hoping for my 100k a share. Please don't take it from me! lol 🤣
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InsiderJesus : Amazon isn’t going to buy AMC, but if they did they would do a share count and recall shAres. It would be a win.
Dude77 : Bot
HODL TIL THEY FOLD : 1. news on a known fake news website
2. would need majority shareholder approval to sell, which is very unlikely cos retail owns 80% and we all want the squeeze.
3. they buy, they will have to make sure all the float is accounted for first, which will set off the squeeze.
don't listen too much, there's a decent theory that it's just fake BS to justify an impending price run (ohhh Amazon is buying AMC) and price crash (ohhh Amazon came out to say it's fake news).
either way it's good news for AMC holders because it means a likely big price action coming soon
GOOBERHAG : This is an old rumor that resurged and new apes don't know. The synthetic shares are treated the SAME as real ones. They ALL need to be bought back. This kinda activity of making synthetic shares only hurts the ones making them and those who have to buy them BACK.
Chris.Chisolm : It’s fake amo
72638499 : nothing..
Wannabemillionaire OP : Thanks guys for clarification. Best place to understand more from the senior Apes. So waiting for my ticket to the moon!
pennypincher : amazon just bought MGM they have no interest in AMC. there are movie theater chains on the verge of bankruptcy or have already filed and closed if they wanted to buy a chain. AMC is currently buying theaters I dont think they are interested in selling
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yes yes
Wannabemillionaire OP GM 1 :