CSM (R) Thack Posted August 24, 2022 Report Share Posted August 24, 2022 1 minute ago, CSM (R) Thack said: Hooah! Houston Wade and Al from Boston weโre covering this!!! Thx Keylime!! ๐๐ I just noticed you posted the Video from Al and Uncle Frank!!๐๐บ๐ธ 4 Quote Link to comment Share on other sites More sharing options...
txwWrestling Posted August 24, 2022 Report Share Posted August 24, 2022 1 hour ago, keylime said: This ย Can I get a dummied down version of this? lolย 5 Quote Link to comment Share on other sites More sharing options...
keylime Posted August 24, 2022 Author Report Share Posted August 24, 2022 12 minutes ago, txwWrestling said: Can I get a dummied down version of this? lolย HA! Basically 90 days from when our share dividend was live the brokers who had to fulfill an order with a synthetic share has to deliver the APE dividend. If not, their accounts are frozen, assets liquidated and positions closed. No more kicking the can down the road. A forced Margin Call. That is why Tesla, Overstock and NewEgg shot up or squeezed exactly 90 days later. Obviously, these crooks wait to the last day to make good. But they do or face the hammer. November 17th is our D Day. 1 1 1 6 Quote Link to comment Share on other sites More sharing options...
txwWrestling Posted August 24, 2022 Report Share Posted August 24, 2022 17 minutes ago, keylime said: HA! Basically 90 days from when our share dividend was live the brokers who had to fulfill an order with a synthetic share has to deliver the APE dividend. If not, their accounts are frozen, assets liquidated and positions closed. No more kicking the can down the road. A forced Margin Call. That is why Tesla, Overstock and NewEgg shot up or squeezed exactly 90 days later. Obviously, these crooks wait to the last day to make good. But they do or face the hammer. November 17th is our D Day. That is what I thought but needed clarification lol Happy Thanksgiving everyone! Let's hope. GO AMC GO APE 1 1 5 1 Quote Link to comment Share on other sites More sharing options...
keylime Posted August 24, 2022 Author Report Share Posted August 24, 2022 Just now, txwWrestling said: That is what I thought but needed clarification lol Happy Thanksgiving everyone! Let's hope. GO AMC GO APE Now they can close anytime before the T-90 but from the three examples they string it out to the end. And hopefully there is no getting around it. As they have done everything else. 2 4 Quote Link to comment Share on other sites More sharing options...
keylime Posted August 24, 2022 Author Report Share Posted August 24, 2022 8 minutes ago, keylime said: Now they can close anytime before the T-90 but from the three examples they string it out to the end. And hopefully there is no getting around it. As they have done everything else. But perhaps that is why Adam Aaron called this the "Pounce" and added that he plays 4D chess. And then stated check mate. This bold proclamation may very well be the T 90 rule.ย 1 5 Quote Link to comment Share on other sites More sharing options...
txwWrestling Posted August 24, 2022 Report Share Posted August 24, 2022 9 minutes ago, keylime said: Now they can close anytime before the T-90 but from the three examples they string it out to the end. And hopefully there is no getting around it. As they have done everything else. So the samething happened with synthetic shares with Tesla, Overstock etc? I knew Overstock when to around $100 last fall but wasn't sure why.ย 1 4 Quote Link to comment Share on other sites More sharing options...
keylime Posted August 24, 2022 Author Report Share Posted August 24, 2022 Just now, txwWrestling said: So the samething happened with synthetic shares with Tesla, Overstock etc? I knew Overstock when to around $100 last fall but wasn't sure why.ย Yes they too had a share dividend. Watch the time bomb video I posted above. They review it and compare it to our situation. 2 4 Quote Link to comment Share on other sites More sharing options...
keylime Posted August 24, 2022 Author Report Share Posted August 24, 2022 T 90 trade rule ย ย 3 4 Quote Link to comment Share on other sites More sharing options...
bkeiller Posted August 24, 2022 Report Share Posted August 24, 2022 6 hours ago, keylime said: Thomas James' take on selling APE ย ย ย Tick Tock futhermuckers! 1 3 Quote Link to comment Share on other sites More sharing options...
bkeiller Posted August 24, 2022 Report Share Posted August 24, 2022 6 hours ago, keylime said: Thomas James' take on selling APE ย ย ย That T90 rule!!!! ย Tick Tock futhermuckers! 2 5 Quote Link to comment Share on other sites More sharing options...
txwWrestling Posted August 25, 2022 Report Share Posted August 25, 2022 I hope this goes through the roof and all these thieves get whats coming to them! 6 Quote Link to comment Share on other sites More sharing options...
keylime Posted August 25, 2022 Author Report Share Posted August 25, 2022 1 hour ago, txwWrestling said: I hope this goes through the roof and all these thieves get whats coming to them! Amen!!! 1 3 Quote Link to comment Share on other sites More sharing options...
markb57 Posted August 25, 2022 Report Share Posted August 25, 2022 so, what makes more sense? Buying more amc or ape, or does it matter? 1 Quote Link to comment Share on other sites More sharing options...
keylime Posted August 25, 2022 Author Report Share Posted August 25, 2022 11 minutes ago, markb57 said: so, what makes more sense? Buying more amc or ape, or does it matter? Buying Ape can help AMC pay off their debt and continue to create a problem for Hedgies with T-90 in effect. Buying AMC continues putting buying pressure on the crooks and it is still the play because they have not closed their illegal postions. So no matter which one you buy both are going to squeeze. Win Win no matter what. 2 1 2 Quote Link to comment Share on other sites More sharing options...
txwWrestling Posted August 26, 2022 Report Share Posted August 26, 2022 Bad day today t minus 88 or better lol GO AMC 3 Quote Link to comment Share on other sites More sharing options...
cws Posted August 26, 2022 Report Share Posted August 26, 2022 1 minute ago, txwWrestling said: Bad day today t minus 88 or better lol GO AMC Even though we can count down they wonโt. Never seen any deadline or rule that has worked in the evil corrupt criminal cabal market since Iโve joined this little game over a year and a half. Never invested before and never will again.ย 3 Quote Link to comment Share on other sites More sharing options...
bkeiller Posted August 26, 2022 Report Share Posted August 26, 2022 1 hour ago, cws said: Even though we can count down they wonโt. Never seen any deadline or rule that has worked in the evil corrupt criminal cabal market since Iโve joined this little game over a year and a half. Never invested before and never will again.ย ย I hear you regards investing in individual stocks. I am going back to invest in ETFs & Index Funds after these shenanigans 3 Quote Link to comment Share on other sites More sharing options...
keylime Posted August 26, 2022 Author Report Share Posted August 26, 2022 3 hours ago, txwWrestling said: Bad day today t minus 88 or better lol GO AMC With all the crime associated with this stock I'd say it held up pretty good considering the rest of the market was an absolute bloodbath. In fact, if not for the crime we would have been one of the only green spots in this sea of red. After this is over the market will probably be a much fairer place to play since this is going to witness the death of these criminal hedgies and market makers. But I would still be hesitant to get in it. Gold and real estate will be my focus. 5 Quote Link to comment Share on other sites More sharing options...
bkeiller Posted August 26, 2022 Report Share Posted August 26, 2022 This is such an interesting ride, especially because we have a shitt load of money in this!? ย ย ย 1 1 1 Quote Link to comment Share on other sites More sharing options...
keylime Posted August 27, 2022 Author Report Share Posted August 27, 2022 22 hours ago, bkeiller said: This is such an interesting ride, especially because we have a shitt load of money in this!? ย ย ย We're driving a pumpkin that will become a GOLDEN CARRIAGE. 5 Quote Link to comment Share on other sites More sharing options...
md11fr8dawg Posted August 29, 2022 Report Share Posted August 29, 2022 Here's a turd for the punchbowl. Trying hard to make us sell! ย AMC: Oh When The 'Apes' Go Marching In Aug. 26, 2022 12:54 PM ETAMC Entertainment Holdings, Inc. (AMC),ย APEAHT,ย CNNWF55 Comments7 Likes Summary AMC's cash burn remains high as retail investors pin their hopes on conspiracy theories bearing fruit. APE issuance is a brilliant move and coupled with a smokescreen of "growth," could help the badly needed capital raise. We look at how to play this. Looking for a helping hand in the market? Members of Conservative Income Portfolio get exclusive ideas and guidance to navigate any climate.ย ย Learn More ยป ย ThomasVogel/iStock via Getty Images ย ย When the Apes go marching in... Oh, When the Apes go marching in... How I want to be in that Short Squeeze... When the Apes go marching in... Source: The Good Old Days Of 2021 When we last covered AMC Entertainment Holdings Inc. (NYSE:AMC) we were clear on the outlook for this stock. While we did not expect an immediate demise, the longer-term outlook was far from sanguine. AMC will make it through 2022. The extent of the cash burn in 2022 will be critical to assess whether we can make the same statement for 2023. Credit markets are still remarkably sanguine but any tightness there and you can rest assured that refinancing the 2023-2026 debt loads will tip the company over. We remain bearish and look for the stock to visit its intrinsic value in the low single-digits. Source:ย Good To The Last Drop Today, we examine the changed fundamental landscape as AMC has thrown in a rather unusual preferred share equity, AMC Entertainment Holdings, Inc. PFD EQT UNIT (NYSE:APE) into the mix. First A Look At That Cash Burn The good news for AMC was that the numbers look far better than what we saw in 2021. Net loss for the first six months came in at just $458.3 million. ย AMC 10-Q ย AMC burnt through almost half a billion in cash in the first six months of this year, which again was substantially better than last year. ย AMC 10-Q ย Even this burn rate number is so bizarre in the context of the fact that the company's market capitalization in January 2020, prior to COVID-19 was just $700 million. ย AMC Market Capย data byย YCharts ย Despite a rather robust box office turnout, AMC is hemorrhaging. With $1.2 billion of current assets and just $962 million of cash AMC has between 12-18 months before things fall apart. Enter The APE The APE issuance was met with a boatload of confusion and its first day trading was all over the place with a 100% trading range off the low price. ย Stock Charts ย Since then prices have stabilized, but distressingly for the shareholders of AMC and APE, AMC share prices continue to drop. ย APEย data byย YCharts ย How should investors make sense of this? We will look at this through the lens of what APE shares are and what we think the rationale behind this move is. The first is a pure set of facts and extremely easy to decipher. APE shares are very similar to AMC shares and this is based on what the company itself says about them. ย AMC ย AMC has also answered a bunch of questions on the shares and we present the three most relevant points in our opinion. ย How many AMC Preferred Equity units are there? Theoretically, over the lifetime of the security, the maximum number of AMC Preferred Equity units that could be authorized over time isย up to 5 billionย (based on a total number of authorized preferred stock of 50 million). However, the AMC Board currently has only authorized the equivalent of 1 billion of these AMC Preferred Equity units that can be issued now. 516,820,595 of these 1 billion AMC Preferred Equity units are being issued this month to shareholders as a dividend. Do the AMC Preferred Equity units have voting rights? Yes, the AMC Preferred Equity units are designed to have the same voting rights as common stock. When do the AMC Preferred Equity units start trading and what will the price of the AMC Preferred Equity units be? Because the AMC Preferred Equity unit is designed to have the same economic value and voting rights as a share of common stock, in theory, the common stock and AMC Preferred Equity unit should have similar market values and the impact of the AMC Preferred Equity unit dividend should be similar to aย 2/1 stock split. An investor owning one share of common stock on Aug. 19, 2022, will hold one share of common stock and one AMC Preferred Equity unit on Aug. 22, 2022. An investor should therefore expect that the price of a standalone share of common stock logically should at least initially decline, however that investor's economic interest will be the sum of the price of a share of common stock plus the price of an APE. Source:ย AMC Those facts above point us to what we think is happening. There's a pseudo stock split here alongside the opening up of almost infinite dilution. Why did the company just not do a stock split instead of issuing APE shares? Stock splits have been done to reduce the price of an extremely high priced stock. In an age where you can buy 1 share or even fractional shares, stock splits are a gimmick for the most part. AMC's sub $30 price was not even qualified for that gimmick. There was no real reason for a stock split. Instead, the company is hoping for an unusual backdoor capital raise via confusion. Here's how that works. APE creation has led to multiple new conspiracy theories including the one that it is designed to force short covering by naked short sellers. That one goes something along the lines that the naked short sellers cannot produce APE shares and failure to deliver will force an epic short squeeze. Now assuming you buy into this latest groundbreaking conspiracy theory number 846, what do you do? You sell your AMC shares and buy APE shares.ย Fundamentally this makes sense as well. This is a stock split and the two should trade identically. Yet APE is trading far cheaper. Even Jim Chanos hasย endorsed a similar viewย and he is in favor of going long APE and Short AMC. But this plays right into what Adam Aron wants. He wants the AMC shares unloaded to "non-APES." The ones that are not hanging on to the insane idea that a company that's burning through cash at a $1 billion annualized rate is worth several fold more. He wants a confused base that finally relents to capital issuance. AMC has been locked in on 524 million total shares and that won't change unless the majority of outstanding shareholders vote to change it. AMC proposal to add 500 million shares in May 2021, was eventually withdrawn after investors objected. However, this new AMC loophole of issuing an entirely new class of shares, has a higher probability of success. To add to the confusion, there is the additional idea thrown in that AMC wants to grow by buying cinemas off Cineworld (OTCPK:CNNWF). ย Aron, for his part, has forcefully pushed back on dilution concerns, pointing out that the initial APE dividend does not change the ownership position for existing shareholders. He has also argued that dilution would be worth it if it helps AMC raise needed cash. "There's bad dilution and good dilution. If added liquidity gained from dilution is wasted, it's bad. However, if wisely handled, it is good. Indeed, for AMC in 2021, it was actually great for our shareholders," Aron tweeted on Aug. 6. The extra cash could be used to fund acquisitions of other theaters, pay down debt or even push into unrelated businesses, like AMC's 2021 purchase of a large stake in a gold mining company. Source:ย CNBC Verdict The CEO educated the retail meme community on some deep math after the listing of APE. ย Twitter ย We have a company that's bleeding cash and we are in an era of tightening liquidity. AMC still sports a $4.95 billion market capitalization and APE sports another $3.0 billion. ย Seeking Alpha ย That combined is at least $7.5 billion more than in it needs to be. Ahead of that is more than $5.4 billion of debt (ignoring operating lease liabilities). AMC's peak, pre-COVID-19 EBITDA was $1 billion. ย AMC EBITDA ((TTM)) data byย YCharts ย It's hard to value this at even 6X EV toย peakย EBITDA let alone the implied 15X multiple today. Short interest is not too high, all things considered and we think both the AMC and APE shares are a "Strong Sell," although we could see the logic in a Long APE, Short AMC trade. The best hope in preserving any value in the equity is via a massive dilution and we would look to Ashford Hospitality Trust (AHT) as a successful model of the same. ย AMC Shares Outstandingย data byย YCharts ย ย ย 3 Quote Link to comment Share on other sites More sharing options...
bkeiller Posted August 29, 2022 Report Share Posted August 29, 2022 @md11fr8dawg Seems like a thorough article for non-APE MSM consumers, but they miss the heart of the matter of the MOASS:ย "There was no real reason for a stock split." ย Just more FUD, albeit sophisticated, focussing on fundamentals and any recognition of competitors going into bankruptcy, gold mines being bought and popcorn being sold. ย #notleaving ย 4 Quote Link to comment Share on other sites More sharing options...
keylime Posted August 30, 2022 Author Report Share Posted August 30, 2022 21 hours ago, md11fr8dawg said: Here's a turd for the punchbowl. Trying hard to make us sell! ย AMC: Oh When The 'Apes' Go Marching In Aug. 26, 2022 12:54 PM ETAMC Entertainment Holdings, Inc. (AMC),ย APEAHT,ย CNNWF55 Comments7 Likes Summary AMC's cash burn remains high as retail investors pin their hopes on conspiracy theories bearing fruit. APE issuance is a brilliant move and coupled with a smokescreen of "growth," could help the badly needed capital raise. We look at how to play this. Looking for a helping hand in the market? Members of Conservative Income Portfolio get exclusive ideas and guidance to navigate any climate.ย ย Learn More ยป ย ThomasVogel/iStock via Getty Images ย ย When the Apes go marching in... Oh, When the Apes go marching in... How I want to be in that Short Squeeze... When the Apes go marching in... Source: The Good Old Days Of 2021 When we last covered AMC Entertainment Holdings Inc. (NYSE:AMC) we were clear on the outlook for this stock. While we did not expect an immediate demise, the longer-term outlook was far from sanguine. AMC will make it through 2022. The extent of the cash burn in 2022 will be critical to assess whether we can make the same statement for 2023. Credit markets are still remarkably sanguine but any tightness there and you can rest assured that refinancing the 2023-2026 debt loads will tip the company over. We remain bearish and look for the stock to visit its intrinsic value in the low single-digits. Source:ย Good To The Last Drop Today, we examine the changed fundamental landscape as AMC has thrown in a rather unusual preferred share equity, AMC Entertainment Holdings, Inc. PFD EQT UNIT (NYSE:APE) into the mix. First A Look At That Cash Burn The good news for AMC was that the numbers look far better than what we saw in 2021. Net loss for the first six months came in at just $458.3 million. ย AMC 10-Q ย AMC burnt through almost half a billion in cash in the first six months of this year, which again was substantially better than last year. ย AMC 10-Q ย Even this burn rate number is so bizarre in the context of the fact that the company's market capitalization in January 2020, prior to COVID-19 was just $700 million. ย AMC Market Capย data byย YCharts ย Despite a rather robust box office turnout, AMC is hemorrhaging. With $1.2 billion of current assets and just $962 million of cash AMC has between 12-18 months before things fall apart. Enter The APE The APE issuance was met with a boatload of confusion and its first day trading was all over the place with a 100% trading range off the low price. ย Stock Charts ย Since then prices have stabilized, but distressingly for the shareholders of AMC and APE, AMC share prices continue to drop. ย APEย data byย YCharts ย How should investors make sense of this? We will look at this through the lens of what APE shares are and what we think the rationale behind this move is. The first is a pure set of facts and extremely easy to decipher. APE shares are very similar to AMC shares and this is based on what the company itself says about them. ย AMC ย AMC has also answered a bunch of questions on the shares and we present the three most relevant points in our opinion. ย How many AMC Preferred Equity units are there? Theoretically, over the lifetime of the security, the maximum number of AMC Preferred Equity units that could be authorized over time isย up to 5 billionย (based on a total number of authorized preferred stock of 50 million). However, the AMC Board currently has only authorized the equivalent of 1 billion of these AMC Preferred Equity units that can be issued now. 516,820,595 of these 1 billion AMC Preferred Equity units are being issued this month to shareholders as a dividend. Do the AMC Preferred Equity units have voting rights? Yes, the AMC Preferred Equity units are designed to have the same voting rights as common stock. When do the AMC Preferred Equity units start trading and what will the price of the AMC Preferred Equity units be? Because the AMC Preferred Equity unit is designed to have the same economic value and voting rights as a share of common stock, in theory, the common stock and AMC Preferred Equity unit should have similar market values and the impact of the AMC Preferred Equity unit dividend should be similar to aย 2/1 stock split. An investor owning one share of common stock on Aug. 19, 2022, will hold one share of common stock and one AMC Preferred Equity unit on Aug. 22, 2022. An investor should therefore expect that the price of a standalone share of common stock logically should at least initially decline, however that investor's economic interest will be the sum of the price of a share of common stock plus the price of an APE. Source:ย AMC Those facts above point us to what we think is happening. There's a pseudo stock split here alongside the opening up of almost infinite dilution. Why did the company just not do a stock split instead of issuing APE shares? Stock splits have been done to reduce the price of an extremely high priced stock. In an age where you can buy 1 share or even fractional shares, stock splits are a gimmick for the most part. AMC's sub $30 price was not even qualified for that gimmick. There was no real reason for a stock split. Instead, the company is hoping for an unusual backdoor capital raise via confusion. Here's how that works. APE creation has led to multiple new conspiracy theories including the one that it is designed to force short covering by naked short sellers. That one goes something along the lines that the naked short sellers cannot produce APE shares and failure to deliver will force an epic short squeeze. Now assuming you buy into this latest groundbreaking conspiracy theory number 846, what do you do? You sell your AMC shares and buy APE shares.ย Fundamentally this makes sense as well. This is a stock split and the two should trade identically. Yet APE is trading far cheaper. Even Jim Chanos hasย endorsed a similar viewย and he is in favor of going long APE and Short AMC. But this plays right into what Adam Aron wants. He wants the AMC shares unloaded to "non-APES." The ones that are not hanging on to the insane idea that a company that's burning through cash at a $1 billion annualized rate is worth several fold more. He wants a confused base that finally relents to capital issuance. AMC has been locked in on 524 million total shares and that won't change unless the majority of outstanding shareholders vote to change it. AMC proposal to add 500 million shares in May 2021, was eventually withdrawn after investors objected. However, this new AMC loophole of issuing an entirely new class of shares, has a higher probability of success. To add to the confusion, there is the additional idea thrown in that AMC wants to grow by buying cinemas off Cineworld (OTCPK:CNNWF). ย Aron, for his part, has forcefully pushed back on dilution concerns, pointing out that the initial APE dividend does not change the ownership position for existing shareholders. He has also argued that dilution would be worth it if it helps AMC raise needed cash. "There's bad dilution and good dilution. If added liquidity gained from dilution is wasted, it's bad. However, if wisely handled, it is good. Indeed, for AMC in 2021, it was actually great for our shareholders," Aron tweeted on Aug. 6. The extra cash could be used to fund acquisitions of other theaters, pay down debt or even push into unrelated businesses, like AMC's 2021 purchase of a large stake in a gold mining company. Source:ย CNBC Verdict The CEO educated the retail meme community on some deep math after the listing of APE. ย Twitter ย We have a company that's bleeding cash and we are in an era of tightening liquidity. AMC still sports a $4.95 billion market capitalization and APE sports another $3.0 billion. ย Seeking Alpha ย That combined is at least $7.5 billion more than in it needs to be. Ahead of that is more than $5.4 billion of debt (ignoring operating lease liabilities). AMC's peak, pre-COVID-19 EBITDA was $1 billion. ย AMC EBITDA ((TTM)) data byย YCharts ย It's hard to value this at even 6X EV toย peakย EBITDA let alone the implied 15X multiple today. Short interest is not too high, all things considered and we think both the AMC and APE shares are a "Strong Sell," although we could see the logic in a Long APE, Short AMC trade. The best hope in preserving any value in the equity is via a massive dilution and we would look to Ashford Hospitality Trust (AHT) as a successful model of the same. ย AMC Shares Outstandingย data byย YCharts ย ย ย Complete and utter FUD! First of all they base their thesis on saying Short interest is not that high. Total BS and they know it.ย Short interest is over 30 percent. The shorts are in so deep they have to push this false thesis to get people to sell AMC.ย It's the only way they can get out of it. The shorts have not closed. They want to bankrupt the company so they never have to pay the piper. Nothing has changed and only gotten better for retail as hedgies are bleeding billions.I will never sell AMC or APE until my generational wealth price has been hit.ย Again this article is bought, paid for and pushed by the enemy to get paper hands to sell I may be dumb but not that dumb. Ha! ย 1 1 4 Quote Link to comment Share on other sites More sharing options...
CSM (R) Thack Posted August 30, 2022 Report Share Posted August 30, 2022 1 1 Quote Link to comment Share on other sites More sharing options...
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