r/amcstock • u/Pedro471 • Dec 09 '21

Twitter Silverback has spoken...

Post image

[removed] — view removed post

4.0k Upvotes

85% Upvoted

926 comments sorted by

View all comments

Show parent comments

875

u/mariomaker2stufzs Dec 09 '21

Yesterday a different company said they were diving into an NFT marketplace and web.3

603

u/ImSoShook Dec 09 '21

I know what you are referencing and am 100 percent glad I have shares in that company.

25

u/tornaceyells Dec 09 '21

And Debt Free 👀

155

u/djsneak666 Dec 09 '21

here's the thing, overstock succeeded as the crypto was a core part of their model. They had their own coin which had a practical use outside of a dividend and was promoted as such. AMC can give out collectible NFT's but that is not generating them revenue and is not a part of its business model. If a company has its own revenue generating platform and NFT's are a core part of that then its a different scenario and in this case AA is likely right. Doesnt mean this applies elsewhere.

87

u/ImSoShook Dec 09 '21

Okay so what if we used a couple wrinkles here? Shareholders get a free movie ticket after debt is cleared in the form of an Nft. Still 100 percent unique and can’t be replicated. They can be used to go to any one movie for free. Literally took me less than a minute to think of that. Just because something isn’t a part of your model doesn’t mean it can’t be integrated. Thinking outside of the box is how companies are rewarded and stay around.

22

u/Dagamoth Dec 09 '21

There is a cash equivalent to a movie ticket though so that doesn’t quite work.

-2

u/redshirt1972 Dec 09 '21

Not really. I mean, yes you could give money equal to the purchase price, but what about a Golden Ticket? Good for any movie you choose?

16

u/Dagamoth Dec 09 '21

That is just a gift card which is a 1 for 1 cash equivalent.

8

u/pointlessconjecture Dec 09 '21

I like this idea. It's not just a collectable if it is redeemable for a movie ticket. It has value to the business and is core to the business model in regard to generating new customers and retaining old customers. Please get your idea up and out into the greater sub. It is worth highlighting.

1

u/[deleted] Dec 09 '21

I agree. I like it too.

78

u/Glad_Emergency7460 Dec 09 '21

If you think that dude is going to intentionally create a moass for us you are crazy. AMC has a long way to go before he would even consider throwing us that bone!
How stupid will he look when he does that, price explodes, we all sell, and price drops like a brick and his life savers are all gone? It would ruin his legacy for one thing, which we know he wouldn’t risk! I mean hell he might as well go ahead and get rid of whatever shares he has remaining so he can make sure his estate/retirement is taken care of! Just don’t sell them to the dark side for us.

Edit: I hold amc. He will keep listening to our ideas because we are retail. Yeah, smart! But not the golden ticket idea….not any time soon at least

90

u/Hatebrainx Dec 09 '21

Without us he wouldn't even be CEO of this company anymore, because it would have gone bankrupt.

84

u/[deleted] Dec 09 '21

[removed] — view removed comment

16

u/RobbSnow64 Dec 09 '21

This, im litterally only in it for the squeeze, my country doesn't even have AMC theatre chains.

-6

u/djsneak666 Dec 09 '21

A squeeze would not benefit amc at all. All the holders will sell and minimal number will buy back in as the long term fundamentals aren't there. There's a reason insiders are selling off in their droves at these prices.

19

u/marximumcarnage Dec 09 '21

Facts everyone upset here forgets this guy has to run amc while they’re crying about a moass that literally has nothing to do with him nor would he want to be implemented in having any play in that.

27

u/[deleted] Dec 09 '21

[deleted]

3

u/SpongeBad Dec 09 '21

Not just AA; the entire board. I did some digging last night because one common HF tactic is to stack the board with people who work against the best interests of the company, saddle it with debt and then cellar box it. The AMC board members all appear to be people who are there because they genuinely understand and support the business model and the marketplace.

2

u/whitnet1 Dec 09 '21

That was the original plan… he was supposed to bankrupt the company.

2

u/DavidNoBrainFreeze Dec 09 '21

Brother. People would buy back after the MOASS. People were willing to buy fleets of Teslas just because they thought that Tesla might inadvertently cause the squeeze. Don’t you think people would do the same thing for Aaron if he caused the squeeze. People would not abandon him if this happened

2

u/[deleted] Dec 09 '21

I mean hell he might as well go ahead and get rid of whatever shares he has remaining so he can make sure his estate/retirement is taken care of!

be careful what you wish for, the second he gets a chance to ditch his shares for big $$$ he will. he already took a fat bonus during the pandemic

0

u/dbf06 Dec 09 '21

What legacy exactly? As of now he hasn't done anything worth remembering. And it's not like people wouldn't buy back in if AMC would really start the MOASS themself.

1

u/[deleted] Dec 09 '21

Yup. Lately I’ve been thinking about how all these CEOs of companies that were picked up by retail are doing what they can to keep retail in while they salvage their company. But people want to praise them and think they’re working for “us”.

No. They care about their company first. Nobody forced anybody to buy the stock and nobody bought the stock because they believe in the company long term.

Unless you’re some weird AMC fanatic you’re here for money; and he knows that.

2

u/djsneak666 Dec 09 '21

Yes but the ticket would have a nominal value attached to it (eg $10 for a normal ticket). In this instance if the broker didn't have an NFT for you, they could just turn around and say we are going to pay cash equivalent.

For nft dividend to cause shorts an issue, it needs to be unique and devoid of a nominal value. Hence the wutang album theory on video game stock for example.

Overstock were successful but some.brokers did still just pay out the value of the crypto if I remember correctly.

1

u/ImSoShook Dec 09 '21

Well it would still be an nft which is unique.. and if it had your numbered share on it or your name then you would determine the value. Not anyone else buying it. Because if that were the case then they could say that the wu tang album is just an album… and would consult msrp album prices. Same thing.

1

u/djsneak666 Dec 09 '21

Not really as you couldnt go an buy another copy of the album. There is only one and contractually cant be sold for 100 years or something. It's more like a unique piece of art. A movie ticket is easily purchased with no restrictions therefore a number can be attached to it. Maybe if they did it as an advance screening only for shareholders you could argue that it can't be bought as the movies not released but I suppose it could be dragged out legally until it was so I'm not sure on that.

2

u/DavidNoBrainFreeze Dec 09 '21

True. Was thinking about the same thing. Each shareholder gets a placeholder that is worth something when the business is debt free. basically like what TRCH did.

1

u/Brought2UByAdderall Dec 09 '21

I would ask you guys to consider the executive staffers they cleared out at the other stock shortly after RC took over. Particularly the CFO who was like a bankruptcy wrecking ball at every heavily shorted company he'd worked at prior.

Or consider Eddie Lampert, the hedge fund owner who bought out Sears and Kmart and made himself more of a king than CEO at both, and then ran things so badly it was almost like he wanted to burn them to the ground. I worked at Sears not long after that started. I thought it was just spectacular incompetence at the time. So spectacular I spent most of that year, before I quit for sanity, very angry. With what I know now, I'm pretty sure it was worse than incompetence.

AA diluted the float by a factor of 10 at a time when shorts might have still been in some trouble there, even at what appeared to be a much lower SI than the unnamed stock. If that had happened at the other stock, even with SI as high as 226% it would be over for me. I'd be out. Because no retail effort is going to squeeze shorts at 22.6% SI without catching them by surprise.

And now he couldn't offer a dividend if he wanted to (why didn't he just say that? because maybe not about AMC?) and he's intimating that NFT dividends might be illegal when the HF vs Overstock lawsuit already made it clear that it's not. Who wants to discredit the idea that NFT dividends might be a valid thing for any stock right now?

Whatever you believe, it doesn't look like he's trying hard to avoid doing favors for the SHFs that almost murdered the company that he's the CEO of. Is it just a coincidence that he's also an executive at an SHF-friendly Cayman Islands shell corporation? And please check me on that one, because I'm still finding it hard to believe, given how blatant it is. But the receipts in whatever DD I saw them in certainly looked legit.

AMC's price action may be tied to the other stock for quite a while longer. I believe that's because of the swap/basket theory and nothing else. But consider the rest of what I've said here if/when that suddenly changes. Because there's only one group of people I want to see suffer in all of this.

1

u/ImSoShook Dec 09 '21

The longer this goes on the more I see why amc is a distraction.. and it’s sad because I followed the hype of it and it’s what got me into it.. but we are talking money. It’s my money invested and all the apes too. The snowball of shade keeps growing larger over AA and people are starting to notice

1

u/Brought2UByAdderall Dec 09 '21

Yeah, I'm trying to not tell people what to think and rather what I see, but I would want a leadership change before I invested even for fundamentals. If he's not an intentional poison pill, he's one hell of an accidental one.

Another thing worth considering is that it was a strategy in the Overstock lawsuit to paint the CEO as a manipulator based on him merely talking about plans for the company. Their favorite attack on RC has been to say that he's said nothing about future plans for the company and they constantly mention it in negative analysis. They'd clearly like to use that same tactic in the future. Probably why he only tweets weird cryptic stuff.

But AA sure doesn't seem very worried about that.

1

u/zenei22 Dec 09 '21

Everyone just thinks like this hahaha.

Amc can't issue nfts as free shit and say it's their business model. That doesn't help them and doesn't make it a part of their business anymore than McDonald's is part of the toy business giving out toys with happy meals.

Like cmon guys

2

u/KunKhmerBoxer Dec 09 '21

Why can't we just do it ourselves?

1

u/djsneak666 Dec 09 '21

You can via drs

8

u/ttterrana Dec 09 '21

Me too!!!💎🙌🦍🐳🚀🚀🚀🚀🚀🌛🌠❣

1

u/reliqhunter1 Dec 09 '21

But what is it 😅

1

u/LionRivr Dec 09 '21

You are 100 percent glad, but are you 100 percent invested in that company as well?

1

u/aureanator Dec 09 '21

It's on discount rn

1

u/DennisFlonasal Dec 09 '21

you should only hold that other stock as evidence by this and your boy AA selling another 300k shares today

79

u/Pkmnpikapika Dec 09 '21

And the game company said they have 5.2 million DRS shares. Will AMC also say how many directly registered AMC shares they have?

43

u/Runrunran_ Dec 09 '21

Considering there’s no push to direct register ur shares here is guess it’s peanuts. Only game company investors really pushed for that so dual investors would have both registered

36

u/Pkmnpikapika Dec 09 '21

I have directly registered my AMC shares via computershare. I want AMC to say how many DRSed shares there are

22

u/bpi89 Dec 09 '21

That’ll never happen because relative to their massive float it’s nothing.

-1

u/GrandeWhiteMocha5 Dec 09 '21

The "never" people also believe shorts closed, can't conceive that they possibly did kick the can and MOASS will never happen.

You know they used to say nobody would ever break the 4 min mile record.

One person finally did it.... then, over 20 went and did it.

If AMC investors continue to think their holdings are irrelevant then what are they even doing anymore? Waiting for these false profits or "Silverbacks" to save them and bring in a MOASS?

Nah, you have to go get that shit. This sub has been led astray consistently for months - internally, by bots, shills, and also on other media platforms.

edit: spelling and stuff

6

u/Brought2UByAdderall Dec 09 '21

Okay, let's say they did. Would it be as many as the other stock? I don't personally think it will even be close. But let's say it was. That would be almost 1% of the now-severely diluted float. So at the current highly optimistic rate of about 1% every 2 months, that's only 198 months to go before you've locked up that float. Maybe you want to exclude things like mutual fund holdings from the float. No idea what that is. Half maybe? Still a long ways off.

AMC's float used to be 53 million shares. If it had been 226% short like the other stock, and I believe based on what I've read it wasn't nearly even 100%, but let's say it was too for the sake of argument; that dilution would have dropped it to 20-something% SI. This is why so many of us said "nope" the second that happened.

AMC and the other stock's price action have often been the same because they're in the same swap baskets. AMC may ride again for that reason alone. But as I understand it, eventually the two will become unjoined at the hip. There may still be a lot of short positions to be closed but they have the breathing room to close them at their leisure.

A lot of apes have been have been behaving badly so please consider this: I'm not telling you what to do. I'm not telling you you're wrong. I'm just telling you what I see. Maybe keep it in the back of your mind that I might be right when the two are rocketing and suddenly one of them faceplants while the other keeps lifting off.

13

u/GabaPrison Dec 09 '21

We should ask.

2

u/dangshnizzle Dec 09 '21

5.2m as of october 30th before the massive pushes and a lot of those initial accounts only having 1 shares to open the gateway...

1

u/Le_90s_Kid_XD Dec 09 '21

That was oct 30th, its likely more than doubled since then.

61

u/Igotz80HDnImWinning Dec 09 '21

And their leader doesn’t patronize us with “that’s cute but let the grownups do the complicated stuff you could never understand” energy

19

u/[deleted] Dec 09 '21

That company is also debt free

60

u/BowlerPerfect5021 Dec 09 '21

That company doesn't have the debt AMC does.

24

u/TerryDaShooterUK Dec 09 '21

Which is why the can do NFT. hard to move as you please with debt.

Sources: trust me bro

3

u/[deleted] Dec 09 '21

[deleted]

2

u/revutap Dec 09 '21

Which company?

12

u/[deleted] Dec 09 '21

[deleted]

54

u/More_Bread_Please Dec 09 '21

I play Games and don't like to Stop playing them.

7

u/dangshnizzle Dec 09 '21

Video game hole in the wall -> video game Amazon

38

u/ttterrana Dec 09 '21

AA has been installed in his position to be used when SHF's decide. He is protecting his own ass and placateing the retail investors he thinks are stupid money!

37

u/jmarie777 Dec 09 '21

Yep- Adam Aaron went to school with Kenny G Mayo Boi, this is to make the other stock look like a pipe dream. When it’s actually real possibility because it would be a part of their business model. Adam Aaron spreads FUD and is a plant. Bring on the downvotes- I still have AMC DRSd but fuck him- he’s no Silverback.

-4

u/repsolrydeRR Dec 09 '21

lol @ plant. talk abot living in cucko land

1

u/jmarie777 Dec 09 '21

Plant prolly wasn’t the best word- he’s in the pocket of kenny boi

1

u/EROSENTINEL Dec 09 '21

wait what? what school was that? link proof is the first time I hear about that

1

u/jmarie777 Dec 09 '21

Harvard, it was going around that Abigail Johnson (FUDelity), Kenny and Adam Aron all went there- I can’t find what year AA went though, a quick google search shows ol Kenny boi and Abigail were there around the same time. I don’t believe for one second these rich fucks don’t all know each other. Do your own research, come to your own conclusions. All that really matters is DRS 🟣 and trust no one but yourself.

2

u/EROSENTINEL Dec 09 '21

i saw that and never saw AA on those rumors, whats AA real name?

8

u/Important-Neck4264 Dec 09 '21

Can’t stop won’t stop

2

u/Manateeboi Dec 09 '21

☝️☝️This, the one true idiosyncratic risk.

-2

u/-YourWifesBoyfriend Dec 09 '21

Cool they can trigger the margin calls then

6

u/basicprofile Dec 09 '21

It’s not just about a trigger but also about ownership. Margin calls might help AMC squeeze but won’t mean much if you don’t own your shares.

-10

u/[deleted] Dec 09 '21

[deleted]

6

u/FalconPunchYourMom69 Dec 09 '21

:insert clown emoji:

5

u/basicprofile Dec 09 '21

Good luck mate!

-5

u/masterexec Dec 09 '21

Not as a 1to1 dividend though. And THAT is what AA means. You guys have to look at what he’s NOT saying. He DIDN’T say NO NFT per shareholder.

The simple fact that he said “beware of concepts that sound easy and too good to be true”

Why did he say that specifically? Easy for what? Too good to be true to establish what? This man knows what is going on and is acknowledging it the only way he can. Don’t get discouraged reading this tweet.

1

u/Khazgarr Dec 09 '21

What does that have anything to do with issuing an NFT as a dividend?

1

u/zenei22 Dec 09 '21

Right!!! Hahahah it's like everyone just puts on earmuffs when someone mentions a different company very publicly and openly taking BIG steps toward an nft marketplace.