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  • Threshold list??

     Curunir updated 1 year, 2 months ago 4 Members · 4 Posts
    AMC
  • AirMech74

    Member
    July 10, 2021 at 8:24 am

    So it appears that they are off of the Threshold list, what does that mean for the stock? Good or bad?

  • ApeAviator

    Member
    July 10, 2021 at 9:06 am

    It would have only meant something if the SEC had teeth. It was more of a how long can the HF get away and pull out without suffering backlash.. All coordinated. So in the end, it was another hyped up situation that resulted in nothing. As for the stock, it means nothing. We just keep trucking along. When it comes our time, just remember all the times they screwed with the Ape community as the stock rockets. We are not planning to let them off easily like the SEC. If the SEC won’t teach them, we can.

  • CrayonMuncher

    Member
    July 10, 2021 at 4:50 pm

    It will be interesting to see Monday how it plays out and whether or not it comes back on because it clearly did not meet the requirements to come off. To get on it:

    • five consecutive settlement days at a registered clearing agency; and
    • “fail to deliver” stock totals 10,000 shares or more; and
    • the failed shares equal to at least 0.5% of the issuer’s total shares outstanding.

    <div>

    To get off the list:

    “A security ceases to be a Threshold Security and comes off the list when it does not meet the relevant threshold requirements for five consecutive settlement days. A broker-dealer with fail-to-deliver positions for 13 consecutive settlement days must immediately close out the fail to deliver position by purchasing shares in the open market.”

    I would suggest just sitting tight for now and just see how it plays out next week before we all start jumping to conclusions and creating theories. But yes, I agree these rules do need to have some teeth.

    </div>

  • Curunir

    Member
    July 11, 2021 at 11:50 pm

    A few people have also pointed out that if they just move to another broker it resets the clock and that this is a documented and well known tactic, going back well before AMC/GME, when it’s worth it. In a lot of cases they probably just buy the shares up or pay the fine but here they probably want to just keep hiding it.

    So it will come back around again, and may even drop off again. Doesn’t mean anything more than they have one more shell game they are playing against us.

    They are still paying billions to hold those shorts.

    We are still just hodling without it costing anything more than what we choose to put in.


    DD and expectations can inform us but remember they are master cheaters for decades and we are still just learning the game. Stay strong and don’t worry about it.

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