They paid down $100M last Q on $5B. They could have held it to show a profit. CEO is implying theyll be back in the black from here on out and producers havent even gotten back to pre Covid release numbers.
The AMC Stock Discussion Thread
- Thread starter I Really Mean It
- Start date
/cloudfront-us-east-2.images.arcpublishing.com/reuters/3OSKK2XRINM2FH7GKCCLX3STMY.jpg)
FX swap debt a $80 trillion 'blind spot' BIS says
Pension funds and other 'non-bank' financial firms have more than $80 trillion of hidden, off-balance sheet dollar debt in FX swaps, the Bank for International Settlements (BIS) said.
www.reuters.com
Kurt off them percs
With Booker T wife
I'm still holding for that second run.
If that shyt hit good, I'm buying a home
If that shyt hit good, I'm buying a home
Sunalmighty
Superstar
How much stock you holding?
Dumb it down for me
tl;dr the stock market has been using fake shares to drive down the price of AMC and probably GME too.
A buyer can borrow shares and immediately sell them which is called a short. it’s a gamble that the stock price will go down. It also puts downward pressure on a stocks price because the market looks at it as a bet on the price going down.
But in the case of meme stocks, like AMC and GME, retail holders have bought a ton of available shares, odds are there isn’t a whole lot of real shares for sale in the market.
So, since hedge funds can’t locate actual shares to borrow to short with, they need to find fake shares which is illegal of course. AMC only has about 500 million shares total. FTX claimed to have 400 million simulated share tokens backed buy real shares which is of course ridiculous. hedge funds apparently have been using these fake stock tokens to satisfy the legal need to locate real shares to short AMC
The moment hedge funds are forced to locate real shares the stock price will explode. Thats what this has all been about.
Kurt off them percs
With Booker T wife
a lot.But nah, it's over 100 shares. First run I took the money to start my business and second run is a home.
Kurt off them percs
With Booker T wife
it's crazy that people can do this. If this explodes and take muthafukkas to church. Do you think they will learn their lesson?
If this pops there’s going to be so much fukkery I think some of these dudes are going to get disappeared.
This isn’t like 2008 where you could just say you made a bad gamble.
Rules to prevent things like this are already being written. This could be the biggest wealth transfer in US history.
I still believe
It’s a long shot, but there’s just too much BS around AMC/GME.
My shares will sit right there until this thing starts moving.
Only play with what you’re willing to lose
As long as we get our money
If this happens
In The Zone '98
Superstar
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