$AMC Entertainment (AMC.US)$ $AMC Preferred Equity Unit (AP...
why? BECAUSE IN A SPLIT EVERY SHORT SHARE IS ALSO APPLIED TO NEW SHARES. THIS MEANS BOTH HAVE 50 BILLION SHORT SHARES EACH.
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70169669 : please explain more
HypnicOP 70169669: If you are short one share on amc and they did a split dividend, you now have a short share position on both
blueberry89 HypnicOP: Lol no
Mindfield blueberry89: Lol yes that’s exactly how it works
Broseph blueberry89: OP is correct. every short position on AMC carried over to APE.
they have 90 days to close their short positions as well. Nov 18th.
https://www.finra.org/rules-guidance/rulebooks/finra-rules/11880
TaMA_ChaN : My understanding is there are only 516 million shares in AMC and APE.
How did the name came about? Those are pure shorts?
HypnicOP blueberry89: LOL cuz trust me bro