SHORTS WILL BE TRAPPED AFTER AMC CONVERSION! - AMC Stock Short Squeeze Update

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Links;
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https://twitter.com/Tony_Denaro/status/1606053208077410304
https://twitter.com/Troy_OG_APE/status/1605963095494381585/photo/1

Citadel has $65bn of synthetic shorts that are now lost forever. When a stock performs a reverse stock split the CUSIP number changes, any synthetic shares created Don't change CUSIP number and are effectively worthless. This money is tied up and cannot be used.

Citadel has tied up $65bn of cash that can never be used again, bringing them close and closer to margin calls.

On top of that, during the conversion of APE to AMC, the shorts positions will increase significantly, add to that the requirement of 150% maintenance margin means their APE short positions will increase by 7.5x. Factor into that an additional 200% borrowing costs means a 22.5x in APE short position.

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Video topics:
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Inspired by Graham Stephan, Meet Kevin, Andrei Jikh, Stock Moe, My Financial Friend, Kenan Grace, Trey Trades, Matt Kohrs, the Masked Investor, Lou vs Wall Street and more.

#AMC #AMCStock #ShortSqueeze




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