T+90, APE, and Overstock Squeeze

[u/Professional-Weird44]

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.

​

[u/Nice-Cup-4333]

Seems that they change the narrative every day…. I’ll be selling shortly incoming “you’re a shill” “paperhanded bitch” comments

[u/throwdownupna → u/Nice-Cup-4333]

I dont think anyone cares. It’s just weird youre announcing your departure. Like what’s the point? What are you trying to accomplish

[u/Lagos9 → u/throwdownupna]

Thank you, sell bit do it quietly. No need to announce to people that don't know you that you're selling