As you should know by now, AMC Stock Shareholders will be included in the Preferred share ‘Dividend‘ coming soon. BUT There has been a lot of confusion around this new ‘Dividend’ that Aron announced on Q2 Earnings day, and for good reason. Most stock market investors are only aware of what a ‘normal’ dividend tends to be.
There also has been a lot of questions as to what the Apes or AMC Stock holders will be forced to do to receive this so called “APE” Shares.
Fidelity Investments (One of the largest stock brokers) came to twitter to clear a few things up.
Fidelity said: “AMC announced a special dividend of 1 AMC Pf. Equity unit (symbol APE) for each share of AMC common stock outstanding at close of business on Aug. 15. The dividend is expected to be paid at the close of business on Aug. 19. This is not a cash dividend.“
They also said “No action is required by shareholders. Since this is not a cash dividend, all shareholders of record on August 15 will receive the special dividend of APE shares on August 19.”
This is great news for Fidelity investment users as it seems like their platform is completly understanding and capable of what is currently going on, and what is going to come with this new ‘APE’ Dividend.
Many Apes are still skeptical as to how smooth this entire process will go…
In the AMC Stock holders defense to the criticism, there have been many “GLITCHES” which seem to still not be able to be explained.
Curious about these so called “Glitches” Here’s a small list of a few.
- April 15: A glitch on the NYSE website shows AMC’s after-hours trading running to $95. Trading price at the time was around $9.
- April 30: A glitch on Google stocks shows AMC’s price at $61. Trading price at the time was around $8.
- May 4: A glitch on the Robinhood app shows AMC’s price at $411. Trading price at the time was around $10.
- June 10: A glitch on multiple platforms shows AMC’s price as having lost over $200+ (implying the price was approx. $280). Trading price at the time was around $59.
- July 13: A glitch on Fintel shows an institution having bought 4 shares of AMC at $5,000 per share. That same institution also showed as having later sold those 4 AMC shares for a total of $41,000 (implying the price was approx. $10,250 per share). Trading price at the time was around $39.
- July 19: A glitch on multiple platforms shows AMC’s price as having lost $315+ (implying the price was approx. $350). Trading price at the time was around $35.
- August 2: A glitch on Fintel shows an institution closing 7 shares of AMC for a total of $69,000 (edit: nice), implying the price was approx. $9,857 per share. Trading price at the time was around $35.
- August 4: A glitch on Trading 212 shows users being offered 2x the price of AMC per share, but only if they liquidated their entire position.
- August 16: A glitch on Yahoo shows AMC’s price at $11,431. Trading price at the time was around $35.
- August 19: A glitch on Bloomberg shows a Brazilian AMC listing’s float at 3 billion shares (edit: adding this post here, which has a different opinion on this float situation)
- August 20: A glitch on PYTH shows AMC’s price spiking to $135 at a monthly average, with a high of $768.
- August 27: A glitch on Yahoo shows AMC’s daily volume in the billions.
- September 2: A glitch on Stocktwits shows AMC’s price at $584.32. Trading price at the time was around $44.
- September 19: A glitch on PYTH shows AMC’s price spiking to $722 on two separate occasions in after-hours trading. Trading price at the time was approx. $40.
- October 1: A glitch on Robinhood shows AMC’s price at $430. Trading price at the time was approx. $39.
- October 14: A glitch on E*Trade (I am not entirely sure what app this is!! Please tell me if you know!) shows AMC wicking up to $74. Trading price at the time was approx. $40.
- November 18: A glitch on Robinhood reported by an AMCStock user shows a partial AMC share of .000063 being sold for $158.00.
- December 29: A glitch on multiple platforms shows AMC’s short interest jumping between 40% and 4,000%. This was reported from users of E*Trade, TD Ameritrade, RBC, and others, as well as appearing on Fintel.
AMC Apes know that eventually these “glitches” will have to be explained. It’s only a matter of time before the AMC “glitches” 2022 start compounding. What’s important is that retail investors continue to spread the word about the AMC “glitches” and share any and all suspicious stock price, trading volume or short interest data that comes up with others.