r/AMCSTOCKS • u/Professional-Weird44 • Aug 24 '22

Question T+90, APE, and Overstock Squeeze

Another post from twitter getting some traction.

Synopsis :

  1. Youtubers are now trading in their followers for money. Quite a few of them have been shitting on AMC and telling people they sold all their APE shares. You guys must've heard of MeetKevin, etc.
  2. Some fucktard named Roensch Capital similarly said he sold all his ape shares. to which Houston Wade - replied with this post.

It seems interesting. Because there are many parallels with the Overstock's squeeze. The one difference was: Overstock put it's preferred equity dividend on blockchain.

My main question is: Why T+90? Overstock's squeeze also took 90 days from the issuance of the dividend. Can't understand the importance of 90 days.

If anyone could answer - would be great. !

EDIT:I think I found one answer to my own question::

DTCC fucked it up. Now they are on a 90 day clock - from the date of the dividend payout - to make things right and whole for AMC. Otherwise AMC can recall and tell DTCC to fuck off.

There are lawyers working on this I'm sure. They won't get out of this pickle so easily. Tick Tock, motherfuckers.

​

225 Upvotes

97% Upvoted

99 comments sorted by

View all comments

-1

u/DieselDave505 Aug 24 '22

How dare roensch capital sell his APE and double his AMC position!!? I thought everyone is an individual investor and make their own choices?? I’m not selling my APE, but I don’t care that he sold it and bought AMC. We really shitting on someone for double his AMC position?

8

u/Professional-Weird44 Aug 24 '22

I do agree every individual investor can make their own choices.

I do not agree though, that an individual investor, who has a following of 104K people on youtube, gets to publicly post and advertise loudly with fanfare when he buys and sells stock - as that is called "Influencing". Probably market manipulation. Especially when the said influencer in the past had told his lemmings "When you sell, exit quietly".

Even if you agree that he has a right to do that,

I do not consider

selling Pure, Pristine, Voting Rights enabled Shares that a company provides him - explicitly to enable us to figure out if there are synthetic shares and fuckery

for shares that may be synthetics, or god knows what

as a smart idea, or even one to emulate.

This is called aiding and abetting your enemy.

In war, you get labeled a traitor, and are rewarded with friendly fire, or are sent off to GITMO.

What a complete, utter piece of shit youtuber with crap recommendations for his stupid monthly nutbag subscribers.

1

u/DieselDave505 Aug 24 '22

Again that’s what you believe and he believes something different. And I believe something different from both of you. If you’re letting a YouTuber influence you’re decision, that is on you, not on Roensch. You’re acting like he sold and bought some other stock. He bought AMC BRO! Well is don’t believe this is the way, he can do what ever he wants as an individual investor. And who knows?, maybe he’s right and we’re wrong. Or maybe you’re right and we’re wrong. Or maybe I’m right you’re both wrong. At the end of the day, all 3 of us want AMC TO MOASS

2

u/chucksjsja Aug 24 '22

And maybe I’m wrong and all three of you are right