$AMC Entertainment (AMC.US)$
a dollar at a time
a dollar at a time
2
bunko
commented on
bunko
liked
$AMC Entertainment (AMC.US)$ for those who keep thinking how come their short bullet cant finish one . lemme explain
they are using bonds sold to them by amc aka convertible notes(it is a kind of bond which can be converted to shares) to short amc (amc did it because they needed cash to bring am out of bankruptcy few months back)
because amc sold those bonds to hedgefunds to get cash (like a loan) , amc will have to pay hedgefund interest . the interest paid to hedgefunds will be used to further buy bonds from amc , creating an infinite cycle of shorting (that is why their bullets just simply cant run out)
good news is , amc filed S3 withdrawal , meaning amc wants all the bonds they sold back to them since amc have the cash to get back the bonds sold (thanks to apes).
it means , hedgefunds will have to give back all the bonds( which they used to short) back to amc once S3 withdrawal is approved by SEC ( which most probably will unless they chut stun)
it means, after this, hedgefunds will have no way left to short amc . and nothing stop amc from going to moon (unless people paper hand)
it means , is checkmate for hedgefunds
all the stuff i written here might be wrong , i am not a financial advisor . do comment and point out any mistakes ive made in the comments section and i will gladly respond
...
they are using bonds sold to them by amc aka convertible notes(it is a kind of bond which can be converted to shares) to short amc (amc did it because they needed cash to bring am out of bankruptcy few months back)
because amc sold those bonds to hedgefunds to get cash (like a loan) , amc will have to pay hedgefund interest . the interest paid to hedgefunds will be used to further buy bonds from amc , creating an infinite cycle of shorting (that is why their bullets just simply cant run out)
good news is , amc filed S3 withdrawal , meaning amc wants all the bonds they sold back to them since amc have the cash to get back the bonds sold (thanks to apes).
it means , hedgefunds will have to give back all the bonds( which they used to short) back to amc once S3 withdrawal is approved by SEC ( which most probably will unless they chut stun)
it means, after this, hedgefunds will have no way left to short amc . and nothing stop amc from going to moon (unless people paper hand)
it means , is checkmate for hedgefunds
all the stuff i written here might be wrong , i am not a financial advisor . do comment and point out any mistakes ive made in the comments section and i will gladly respond
...
30
10
bunko
liked
bunko
liked
$AMC Entertainment (AMC.US)$
[Transaction notice] 20000 shares AMC were bought at 58.970, this order has been completed, 06/16/2021 02:00:17(EST). [FUTU SG]
[Transaction notice] 20000 shares AMC were bought at 58.970, this order has been completed, 06/16/2021 02:00:17(EST). [FUTU SG]
21
7
$AMC Entertainment (AMC.US)$ believe in the power of the people, a true david moment
4
1
bunko
commented on
$AMC Entertainment (AMC.US)$ LMAO. Another day where I am right and the AMC fanboys are wrong.
Dont let these tool bags off easy, ask em what happened to “its gonna be a big day tomorrow”
Ask them why it is the excuses are the same every. single. day.
While youre at it ask them how they are always spectacularly wrong while im 100% correct day over day over day.
Im not saying dont own some amc when it makes sense, but dont hold on to this thing as or loses money, no matter how much your “ape family” yells at you and calls you names.
What a great family that shuns you if you believe a little differently....
Dont let these tool bags off easy, ask em what happened to “its gonna be a big day tomorrow”
Ask them why it is the excuses are the same every. single. day.
While youre at it ask them how they are always spectacularly wrong while im 100% correct day over day over day.
Im not saying dont own some amc when it makes sense, but dont hold on to this thing as or loses money, no matter how much your “ape family” yells at you and calls you names.
What a great family that shuns you if you believe a little differently....
9
29