The AMC and now APE stock community may have uncovered something shocking recently, but first let us paint the picture of what is going on here.
In recent weeks when Adam Aron of AMC went on a tweet storm all about the new APE unit he touched on a topic near and dear to the AMC investor community’s hearts. This is something the AMC investors have been talking about for years now and it’s the idea of synthetic shares.
By AMC launching this new APE unit it by nature had another purpose to it which was to uncover any so-called synthetic shares, if they were to exist.
In the tweet below we see CEO Adam Aron speak on this and give his take on the situation where he openly admits that he sees “no evidence” BUT if there are then this could bring them to the light.
So why does all of this matter? Well because the AMC and APE investors known as the APES have uncovered some interesting data which fights to prove that the number just don’t add up.
In the picture below you can see that the institution and retail or other ownership is split by percentages. The institutions make up 4.74% of shareholders of $APE stock, and other is make-up of the rest which is likely mostly retail.
The issue the AMC and APE community is having with this is that there are many records of institutions owning a much much larger portion of AMC and therefore APE stock.

A simple google search away tell us that Vanguard group owns over 9% of the company as of somewhat recently. Not to mention other Inst. ownership which the list goes on and on in regard to AMC stock and therefore APE stock.

FINAL THOUGHTS
There is a lot of data to look through in regard to previous ownership of AMC stock, how many of those previous owners received APE shares ect. The data does raise red flags and although we do not know for sure what exactly is going on here, and if or if not, there are synthetic shares or anything nefarious going on, it does raise the question if a share recount of some sort would be a good idea for the company and the investor base.