$AMC All this letter does is give more confidence to short sellers playing arbitrage on AMC/APE. If @CEOAdam had just waited 1-2 weeks, the uncertainty of dilution + FOMO OTM calls would blow up the hundreds of thousands of puts at $3/$4, rocketing the price up.
This also would have allowed the conversion/dilution to happen at a much higher price which is not just better for shareholders but also AMC as a company.
@rumblevideo you guys have to add chat replays. So if someone watches a livestream the next day they can see the correlating, real time chat that happened.
@ThatGuyAstro In this space there is less than 1% of people actually pushing the envelope to figure out the mechanics of wtf is going on. Idk if @ThatGuyAstro is right, but he’s one of them. Then there’s people not crediting others and farming views. There is clearly a distinction.
@narhwal5 This sub thread is hilarious. This guy doesn’t know the difference between a buy and a sell fill. Also PFOF has nothing to do with this, lastly what are we subtracting? I bought at NBBO and sold $10 higher than NBBO in less than min. lmao
@RekuhQV Also, people see a RH screenshot and there brain goes “FREE LIKES, I NEED VALIDATION” so they write something disparaging without taking the time to understand what’s going on. Ngl some of the comments have been funny tho
@hodlnova I think this is correct, but on the bright side if this is true we just found an infinite money glitch as long as you’re willing to sell 1 penny at a time.
@EGarbagio I agree with the math, but then in theory we have an infinite money glitch here. Granted you’d have to sell 1 penny at a time. You could just buy a share and sell it off for a 20 profit lmao
@BrettQCotton @heejybaby Because you’d need to sell 1 penny at a time. And you’d have to assume you always get the inflated fill. But you’re right, in theory someone could do this.
@EGarbagio I originally messed up and thought the min was 2 cents, not 1. But either way, showing the inflated fill is interesting. Not in the NBBO, and I’m wondering how it effects thier accounting. Also I’m waiting for someone to sell a full fractional 1 penny at a time and profit it hah
@Nothitbynotrain Assuming you always got the same fill at 52.77, and you had an entire trading day to sell 1 - 2 pennies at a time. Yeah in theory you have infinite money lol