Marc yang
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Marc yang
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$AMC Entertainment (AMC.US)$ 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
...
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