Yeah, there's been a few of us in for a bit now. AMC has become something of a hobby for me now. There's a very vocal segment of shareholders that believe the manipulation of the SP by the shorts is borderline illegal with how much shorting/naked shorting is going on. The short interest fee has bounced around from the mid teens to upper 25% for a while now, and nothing ever comes of it.

Anybody giving you a date of when shorts have to cover is pulling shit out of their ass, since it hasn't happened yet. The thing I find most interesting about AMC is that, on the surface, it appears to have a lot of discrepancy in the amount of total shares that are actually out there that are real vs. synthetic. They had a shareholder meeting that was originally supposed to have been last Wednesday, but it was postponed until late July I believe. It's believed that we would have gotten an accurate count of shares then, but now we are supposed to know June 2.

As of today, the actual amount of real shares is somewhere around 500 million. There is a belief that there are possibly somewhere in the neighborhood of 1.2 billion shares owned right now, which if that were true, and the actual numbers were released, that it would trigger a squeeze. It's definitely an interesting soap opera, and I'm still holding my AMC just to see what happens.
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Can you clarify this?

As it's written its not correct so I want to see if you are missing some context or greater details. Then I'll comment.
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Depending on where you get your numbers from, it is thought that retail might own upwards of 3/5ths of the 500 million shares, with institutions hilding the rest. The belief that there might be more than double the amount of shares owned comes from the ceos tweets stating there are over 3 million individual investors. This was his response based on a vote by shareholders to increase the share size by 500 million, which has since been withdrawn.

People speculating based on law of averages that if 3 million people own at least 100 shares, 200 shares, ir whatever gets you the higher number. It's all guessing at this point, so nobody really knows anything. I'd be interested in hearing what you think.
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If there are more shares outstanding than being reported, it works out BETTER for the shorts.

If they are currently 110% shorted shares but now there are another 600 million shares outstanding, the short percentage is closer to 50% making it EASIER for shorts to cover.

Shorts get hurt bad as the days to cover increases or shares are taken off the market.

If brokerage firms and hedge funds are lying that they hold shares they don't, then that would be correct and the shares that have to be covered by the shorts are not in the hands of brokers/hedge funds but rather retail investors. That would be bad for the shorts.
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Also most investors dont know that brokerage firms lend your shares to shorts.

The way this blows up for the shorts is if ALL the retail investors demand their shares are sent to them as stock certificates.

Or an eCertificate
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I am unaware if a retail investor can request that none of your stocks are lent out, which would also help.
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I believe the theory is there is an enormous amount of synthetic shares due to naked shorting, not real shares. If AMC does a share recall all shares will have to be counted, and any synthetic shares owned by hedge funds will have to be bought, which would undoubtedly trigger a squeeze. AMC's CEO has indicated numerous times he's on retail's side and seems to want to **** the shorts as much as they do.

I could be butchering some of this as I haven't kept up with it in a while since I sold out of my position twice now. I am considering buying back in if it drops below 9 again though.
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Took Lew's recommendation and picked up a copy of Think & Trade Like a Champion. Got about 50 pages read in between naps on a plane. Brought it down to the beach the next day to spend some time unplugging and expanding my investment knowledge and someone stole that motherfucker while I was taking a swim in the ocean...along with my sunscreen.

Pretty much exemplifies my investment run since March.
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Did you see any large hedge funds on the beach?

And who steals an investment book? Thieves usually aren't into investing. It reminds me of being in high school and we were supposed to write our names in our textbooks on the first day of class. My calculus teacher shrugged and said, "Write it if you want to, but nobody steals calculus books."
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Damn that’s crazy.

Bet the person who took it only invests in meme stocks anyway.
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I hope he didn't get sun burnt
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Doing their best effort to squeeze out the retail investors here. All part of the game.
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Yep. Smart investors will hold and be rewarded. Those who sell now will either standing on the sidelines or chasing later. It just amazes me that people fall into this trap and sell so cheap.
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Is CYGT going to the moon?
https://www.otcmarkets.com/stock/CYGT/overview
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