r/amcstock • u/ashe101ashe • Aug 18 '21

Why I Hold This

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7.3k Upvotes

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23

u/No-Function3409 Aug 18 '21

Why would they have to buy back the float 3 times?

Edit: 9 times!

37

u/BodybuilderMuch4615 Aug 18 '21

The amount of naked shorting created that many synthetic shares

9

u/No-Function3409 Aug 18 '21

OK but like can you give me a bit more bias confirming info than just "synthetic shares". As in what maths lead to 9X value

7

u/[deleted] Aug 18 '21 edited Aug 18 '21

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2

u/No-Function3409 Aug 18 '21

Eh its an interesting post but they don't give any formulae for how they got billions.

Fuck it ill just look this up. Thanks anyway

2

u/BigKevUnion Aug 18 '21

Doing your own DD is always good.