MemberJune 3, 2021 at 9:03 pm
•Proxy for July vote says there are 501,780,240 outstanding shares. Ok solid number
•Optioned shares are not counted whether they are short or call options, bc they don’t garner a vote.
•501,780,240 ÷ 3,200,000🦧= 156 🍌per retail investor.
BUT this doesn’t factor in institutional holdings or the growth of 3.2M investors to what? maybe 4M since March?
Knowing what apes ‘say’ their individual share count is the 501.7M would have to be more like 1.5B right?? Am I missing something?? Or is the number of synthetics really THAT LARGE??? Someone with some extra wrinkles please help a girl who eats 🖍 🖍 for breakfast out bc this math is not mathing for me!!
MemberJune 3, 2021 at 10:32 pm
The math on this stock doesn’t make any sense. I’ve been in it since January. I think your numbers are actually conservative. I’m not going to guess at the number of shareholders or synthetics but I’m convinced they are even higher than you proposed.
MemberJune 3, 2021 at 10:36 pm
I was trying to stay conservative 1)for the benefit of doubt and 2)so my brain doesn’t explode at the reality of this situation. I’m just curious if there’s anyone out there that can take a stab at quantifying this now that we have a share count?
MemberJune 4, 2021 at 9:57 am
have you watched this? https://www.youtube.com/watch?v=B7bBJlXPy9A
He takes a “stab at quantifying” how many likely synthetics.
(IIRC it’s mainly GME he’s talking about but hey, seems to me like what we’re in right now is one play with two names..? dunno, brain smooth etc.)
- This reply was modified 1 year, 3 months ago by blue-moves.
MemberJune 4, 2021 at 12:02 pm
Thanks for sharing this. Beyond thanking you, I don’t know what to say. The more I learn not just about amc/gme but about the inner workings of the financial system the more enraged, disgusted, exhausted, and just 🤯🤯🤯 I feel. How did we get here? The obvious answer is greed and lack of insight. But how do we fix it? It’s so broken!! The only conclusion I have come to is that everything is a lie the, game has and always will be rigged, and even knowing that doesn’t change it.
MemberJune 4, 2021 at 1:01 pm
Yeh it’s definitely rigged and always has been – you don’t become a Rockefeller or a Rothschild or a King of England by playing fair!
Great thing about this – at least in my idealistic hope for more awakened humanity – is that we have banded together in adversity to fight a common enemy and this community seems to be quite beautifully self-aware, understanding its duty here when we re-transfer this stolen wealth.
The philosophical ramifications are stratospheric! WE could literally go a long way towards setting things straight on this world if (sorry, when) we SMASH these demons that have fucked EVERYONE for years!
I almost feel like it’s God’s work we’re doing here!
I hear rumbling in the forums of people making pledges to themselves to use their gains for GOOD! That fills me with so much pride for my ape family!
Imagine if we all decided that every one of us was going to help at least one other person – help a homeless person, pay someone’s medical bills, buy an instrument for a kid who can’t afford one, whatever – we’d be the fucking heroic, legendary ape army that’d be remembered centuries from now!
Sure, maybe I’m unconsciously trying to offset any guilt I might feel for gambling and taking ‘free’ money (ha! ‘receiving stolen goods’) but damn I think this is a spiritual WAR!
(mind you, I think everything’s a spiritual war so don’t listen to me..! :D)
Good luck out there Ape sister!
MemberJune 4, 2021 at 1:10 pm
Welp this made me cry. Thanks for your response, this actually helped set me back in the right mindset again. I hope that when everything shakes out we all do great things for other people. There was a survey done on millenials about how much money they would need for it to be considered life changing money; the answer was less than $15k!! There’s a lot of opportunity for us to do good in the world and after all, money is only a tool it isn’t inherently good or bad. I think a lot of people have been waiting to have something they could take up as a noble cause and maybe this will be it. Maybe we’re mostly a band of rebels who finally have a cause? One thing’s for sure.. it’s going to be a wild ride!
MemberJune 4, 2021 at 1:50 pm
@Kt_Kakez it’s good you have been awakened to what has been going on. Now, millions of other people have also seen this for what it really is. All of us are fighting with those same feelings, as we should, since that’s the only way change is going to be made.
Now you ask about how do we fix it? There isn’t a single answer or a single fix unfortunately, but what we can do is start somewhere. Start by staying in the fight and holding onto AMC/GME and any other heavily shorted stocks. Put the pressure on the bad actors so that they have to give up and cover. Hopefully they go bankrupt while we get stupid rich.
Making all this play out will
1. Show to the global audience what has been going on and to get more support to do something to fix it
2. Force the hand of the SEC to actually do their job and be more transparent and enforce fair rules
3. Put new and better rules in place so that this never happens again going forward
4. Make the market more fair with real opportunities for everyone, not just the rich, the elite, and the hedge funds
I’m sure there’s a ton of other good things that can come of it too that I didn’t mention.
But once this is over, don’t stop fighting. This is only one step. If we all walk away after this, it could settle back to what it was because of complacency and thinking someone else will do something about it.
If we keep investing in the market (this time with bigger bank rolls) we can support businesses, pressure other malicious short sellers, keep the engine of commerce running, and make a statement to the SEC that we aren’t going anywhere and demand changes to make things better.
Now that you will have more money, help friends, family, and other less fortunate people. Pay it forward and be an inspiration for someone. Volunteer if you can. Leave bigger tips for your waiters that work so hard. Set up scholarships for kids that need a chance. Donate to non-profit organizations. Support animal shelters that desperately need funding. Find ways to help others with your new wealth.
Not sure if you’ve invested before this, but don’t despair. You may not realize it but you are actually in the driver’s seat of one of the biggest movements of our lifetime. This could turn out to be the biggest transfer of wealth in history if everything plays out that way. Think of it as justice for the housing collapse of 2008 and picking up where Occupy Wall Street left off. You’re learning more every day and can now be in control of your financial future.
Hang in there sister ape! You’re going to come out smarter, more experienced, and richer after all this! Make that money girl and do good things with it!!! That’s what separates you from the greedy people that put us in this situation and that is the cure for any greed you might feel. You got this! 👊
MemberJune 4, 2021 at 6:25 pm
MemberJune 3, 2021 at 11:07 pm
Thats really the crucible for this whole effort.
There are far more shares in play than should be. Options themselves are not really a protected part of this equation and should be looked to leverage first as a result, but actual shares either held or shorting need to be accounted for. And so if we’re holding enough shares and not selling, then all the shorts need to buy back enough to cover their (likely illegally large) pool.
MemberJune 3, 2021 at 11:12 pm
Right.. but can anyone take the numbers we do have i.e. shares outstanding, float “reported shorts”, stated holding averages of retail, institutional holdings and throw that into an equation that would get us close to a number of synthetic shares that are in existence? I feel like we have enough info for it to be calculated but I don’t know how to put the pieces together to do so.
MemberJune 3, 2021 at 11:31 pm
Given the history of hedge funds not giving a crap about breaking the law and misrepresenting their activity, we can certainly guess as to how many possible naked shorts or synthetic shares have been bought and sold. They seem to have a lot to lose and if I were investigating a crime, it wouldn’t be difficult to identify that there is an obvious motive here.
MemberJune 3, 2021 at 11:39 pm
Hard to give a crap when the consequence of getting caught committing these crimes is less than pennies on the dollar!
MemberJune 4, 2021 at 8:35 am
Agree! There are a lot of things out there where the penalty is so low it just doesn’t bother the people doing the crime.
That’s one reason a lot of us started Holding to begin with. Back in March / April it seemed we would have a chance of a good squeeze but it was in the range of a few hundred per share with $1k being viewed the way we talk about $100k now. But a lot of us got involved hoping to force the hands of the hedge funds and bring these actions to light. The discussion started with GME but it wasn’t nearly enough to make change.
If this is a powerful, destructive event that impacts major banks and hedge funds in such a way that it HAS to be talked about then change may come. Just as with the housing bubble there will be some people that get hit hard and lots of people that lost their careers due to their actions. But actual punishment was pretty thin. However more regulations did come out of it that have helped that market.
If we’re going to have a chance going forward as retail investors then we need a more level playing field and this MAY be a catalyst for that.
Oh, and making some sweet profit on the way is pretty awesome.
MemberJune 4, 2021 at 11:57 pm
are you guys taking into account all the shares in the hands of people in countries where the brokers don’t give out that information?
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