Thread by @AdamB1438

Thoughts on the $AMC token/NFT dividend idea from a short-seller:

I'm short $AMC so a friend of mine sent me something about Marc's suggestion to have $AMC issue an NFT or Token dividend, which presumably shorts such as myself would have to then cover.

The goal of this would be to force a short squeeze (root out ("naked shorts"?).

First of all since I know this is coming, I can just make plans to own shares during the dividend period. I could finance those by selling expensive options - which are entirely by supported trading activity driven by #Apes.

Second, brokerages know (or will know) this is coming, so they'll set a bunch of crazy rules ahead of time and probably require either extra margin or no permit short positions.

History is abundantly clear that creates much bigger problems for longs. So good luck with that.

Third, good short sellers always tell you that we don't have anything to do with how well or poorly a company or its stock does. Sure there are some manipulators among short-sellers, but they're nowhere near as prevalent as one would think.

Fourth, we tell CEOs who complain about short-sellers or critical write-ups, "Focus on your bus and then *we* won't have anything to talk about w you!"

All of this mishegoss distracts from the reasons we're short: challenged business, high debt, technological shifts.

Conclusion: If I closed my short today, I'd just wait for the stock to go up and short it again, and then make my money a year from now instead of 6 months from now.

If you're long and not selling, someday $AMC won't be a 'bright shiny object' anymore and you'll take a 90% loss.