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The Brazilian BDR’s, Debrief’d

by Larry Chiang on September 6, 2021

Enraged Workhorse

⁦‪@Charlie1337420‬⁩

3.08B / 6 = 513 M AMC shares.. or the shares outstanding.

We’re getting our tits jacked over a conversion.

There is no indication anywhere that anyone holds the float in BDRs.

9/6/21, 1:34 PM

Enraged Workhorse

⁦‪@Charlie1337420‬⁩

⁦‪@mjones8181‬⁩ No it’s a derivative market so that self explanatory to where they do not have to have the underlying shares. But it’s likely that they did but just because they make a market doesn’t mean they’re using the entire float they’re just displaying the Converted shares outstanding

9/6/21, 1:42 PM

Enraged Workhorse

⁦‪@Charlie1337420‬⁩

⁦‪@mjones8181‬⁩ No it’s a derivative market so that self explanatory to where they do not have to have the underlying shares. But it’s likely that they did but just because they make a market doesn’t mean they’re using the entire float they’re just displaying the Converted shares outstanding

9/6/21, 1:42 PM

No it’s a derivative market so that self explanatory to where they do not have to have the underlying shares. But it’s likely that they did but just because they make a market doesn’t mean they’re using the entire float they’re just displaying the Converted shares outstanding

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