$AMC Entertainment (AMC.US)$ A reverse stock split will chan...
$AMC Entertainment (AMC.US)$ A reverse stock split will change the cusip# number of AMC forcing shorts and the machine to cover the previous shorts of the old AMC stock without exception. COSM just did that and went up 10,000% on Friday.
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The Brown Knight : I already post
71015375 : What does that mean? Does that mean AMC is about to skyrocket
Ogreking : How about they cover their short interest when options expire. Rules should the same for everyone.
BeartheBeast22 : didn't actually go up 10,000 percent. I held a bunch of that stock. it did a 1 for 25 reverse stock split so 25 shares became 1. it did fly up at the end of the day but the normal price after stock split should have started at like 8 dollars. Cosmos ended the day at 23