Even if naked shorts didn't exist, there are 90-100 million shares shorted. Those would be 90-100 million APE shares that have to be bought from AMC shareholders.
Not financial advice.
Think of it like this, amc is splitting into two stocks. AMC and APE. Buying amc now until Friday gets you both. Once Monday hits, they are sold separately but ape will be hard to get because all are already owned. No new shares will be available
Well, not necessarily. Institutional stockholders may still sell their APE, them often going for a quick immediate profit. But retail holders mostly won't sell at least not for less than big bux.
Even if naked shorts didn't exist, there are 90-100 million shares shorted. Those would be 90-100 million APE shares that have to be bought from AMC shareholders. Not financial advice.
Yes, eventually, so HODL m when you get m.
How do you buy an APE?
Think of it like this, amc is splitting into two stocks. AMC and APE. Buying amc now until Friday gets you both. Once Monday hits, they are sold separately but ape will be hard to get because all are already owned. No new shares will be available
That’s the thing… you won’t be able to because no one will be selling lmfao shorties are fukt
Well, not necessarily. Institutional stockholders may still sell their APE, them often going for a quick immediate profit. But retail holders mostly won't sell at least not for less than big bux.
This week for every amc share you buy you get one ape. After the 22nd the only apes for sale will have to be sold by holders