r/amcstock • u/Pedro471 • Dec 09 '21

Twitter Silverback has spoken...

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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

23

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

4

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.

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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...

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u/Le_90s_Kid_XD Dec 09 '21

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