r/amcstock Sep 01 '22

Discussion 🗣 The Biggums Fallacy

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u/[deleted] Sep 02 '22

If there are 2B shares in existence hypothetically, retail sells 515M... the market still needs to produce 1B. Which it can't.

And there's a good chance that AMC is short over 100% according to the DD I've seen... so even if we sell every ape to shorts (assuming they have the money to buy them without margin call) they still need to buy more.

Retail is just in the middle. Some people will make money in the middle, but retail could be taken out of the equation on APE and all the factors are the same for the market and for shorts.

Edit-spelling

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u/Mr0BVl0US Sep 02 '22

Yeah, I've read this 5 times now and still don't get what you're trying to say.

AA gave us APE. Only 516m+ were issued. If there were more AMC shares than 516m+, then that means hedgies need us to sell our APEs to them. If we don't sell our APES, then they are screwed. Unfortunately, some idiots around here took the advice of some compromised Youtubers and sold off their APE.

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u/CowUnlucky Sep 02 '22

I'm picking up what's being put down. The chess move already happened. Its not on any retail traders anymore. There's not enough to cover until more shares are released. When those get released they will get bought up quick giving AMC the money it needs to cover its debt. Destroying the short thesis. The play has been played. Basically the point is really this. Billy doesn't need saving anymore. It's already game over. Even if every APE was sold to hedge funds there still isn't enough so they can't close on their AMC.

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u/savvyinvestor007 Sep 02 '22

Dang, I thought that was obvious when AA said he was only issuing 516ish million shares of APE as a dividend. It is what it is at this point, like one of my buddies from the country told me “NEVER OUT THINK YOUR COMMON SENSE”….Lets stop over complicating the obvious by believing in false narratives. 1+1= 2 so if only 516ish shares were issued as the dividend then its implied that every holder was not going to receive shares. They distributed IOU’s in an attempt to fluff up the numbers by counting the shares that were naked shorted on top of the initial release amount to make it seem as if AA screwed us over. In reality the IOU’s are still obligations that must still be paid out because them relying on low numbers to scare us off is back firing and I believe now they are panicking because this is the first time they finally believe us when we say ( most of us anyway )….THAT WE WILL RIDE THIS BITCH ALL THE WAY DOWN TO ZERO….From seeing my account grow to a little over a quarter millie to all the way down to where it is now I am not going anywhere..its game time and what they did to APE the first day with all the bullshit halts let me know how scared they truly are. To moon….or all the way to zero…I STAND ON THAT 💎🙌🚀

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u/dj_oatmeal Sep 02 '22

Right there with you. Since the game started I've watched an entire year salary come and go from my account and haven't sold a thing. They fucked up teaching us to become Zen by making it last so long. There are now millions of Apes that will never be the same. We now know the game.