Forwarded from Amc archive
Let me do some quick math for you peeps
AMC CTB (Cost to borrow) average is 972% today
Letβs run some calculations on that. CTB % rate is an annual rate so that means you pay 972% on what you borrow in a year
Ok, Current freefloat on loan is 34.91% or 180,220,000 shares (approximately)
180,220,000 shares x current AMC price of $4.29 as of close today = $773,143,800 worth of AMC shares borrowed
At a 972% CTB (annual) you would pay INTEREST ONLY on those borrowed shares of $773,143,800 x 972% = $7,514,957,736 (yes, 7.5 Billion with a B)
How much are they paying a week? $7,514,957,736 / 52 weeks = $144,518,418 in INTEREST alone
FYI that means in 5.35 weeks borrowers will have paid MORE than the FULL price of the shares they borrowed JUST in interest and they could NEVER make any gain on their investment
Shorts are FUCKED. Plain and simple
Join for AMC updates and research, memes and more!
https://t.me/amc4all
AMC CTB (Cost to borrow) average is 972% today
Letβs run some calculations on that. CTB % rate is an annual rate so that means you pay 972% on what you borrow in a year
Ok, Current freefloat on loan is 34.91% or 180,220,000 shares (approximately)
180,220,000 shares x current AMC price of $4.29 as of close today = $773,143,800 worth of AMC shares borrowed
At a 972% CTB (annual) you would pay INTEREST ONLY on those borrowed shares of $773,143,800 x 972% = $7,514,957,736 (yes, 7.5 Billion with a B)
How much are they paying a week? $7,514,957,736 / 52 weeks = $144,518,418 in INTEREST alone
FYI that means in 5.35 weeks borrowers will have paid MORE than the FULL price of the shares they borrowed JUST in interest and they could NEVER make any gain on their investment
Shorts are FUCKED. Plain and simple
Join for AMC updates and research, memes and more!
https://t.me/amc4all
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THE DUTCH GOVERMENT HAS FALLEN .
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BREAKING: 14 Pennsylvania representatives are seeking to ban drop boxes and mail-in voting.
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ALERT - One person was killed and hundreds of thousands urged to evacuate their homes in southwestern Japan, as forecasters warned of the βheaviest rain everβ in the region
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BREAKING: Former sports doctor Larry Nassar, who was convicted of sexually abusing gymnasts, stabbed multiple times at a federal prison
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βΌοΈThere could be a scenario where 2024 elections do not occur. Some other black swan type event occurs, or maybe thereβs a couple
Mr Pool: Yes, 2024 will not occur π€―
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