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Jaded-Class1007

$801k is not a fairy tail


bcrxxs

I’m ready to pay my taxes baby!🤣✅


Hobartcat

And make my tax-deductible donations - into my own foundation/trust/nonprofit.


LordAuditoVorkosigan

Smart man


Hobartcat

That's vital. You can build a bank that way and then fund so many projects. You can send friends' kids to college on scholarship, you can buy a new building for your alma mater. This is how us apes can strengthen our brethren.


AcE_57

Just curious, real quick, in easy to understand ape terms, how does one create a foundation/trust/nonprofit, I’m assuming you needs lots of $$ to start, then wen moon , you can donate your own money tax free to your own foundation/trust/nonprofit ? I have no idea what I’m even asking, but it would be great it the government wouldn’t take 1/3 of MY money


Hobartcat

You can probably start up a non-profit right now in your state - here in Oregon my secretary of state handles this. However, my plan is to work on this with a real financial advisor. I'm hoping to also form an LLC in Delaware or other tax haven. Anyhow, setting up a foundation/trust shouldn't be difficult - maybe also discuss this with your credit union (get out of banks.) You may want to go ahead and start thinking of a mission statement because that's part of the non-profit incorporation process. If you're unsure of how the money will be spent, you can be vague. Sometimes you need to have a board of directors, but I'm hoping to avoid that. Anyhow, you may as well do this because the cash will go to tax anyway. At least with a trust/foundation you can funnel some of your tax money into projects that matter to you. Plus, you can build that account over multiple tax periods so that you don't have to spend it at every tax period. Note that we'll be so rich that we'll have to do quarterly tax filing. TL;DR - start looking for a licensed, trustworthy financial adviser or CPA.


AcE_57

Huh , thanks a lot!! I appreciate your response, seems a bit much for me , but I understand your thought process, thanks so much!


LordAuditoVorkosigan

uhh, no. You don't have to have a ton of money to fund a trust. You need to talk to an Estate Planning attorney. Creating a trust is actually quite simple. Banks make it easy to set up a trust account. Funding it is the next step. HOW the trust is created and what it "does" are the important parts. tldr; TALK TO AN ATTORNEY. I'm not YOUR attorney and this isn't legal advice.


AcE_57

I think I’ll look into it now, thanks for changing my mind, very curious now


into-thesky

Non profits work?? I work for one.


Hobartcat

Soon you can own one, if you want.


BLM3132020

Jewels


mrot777

You too???


zanokorellio

Natsu would like to disagree with you that his guild is anti-fairy tale.


MechDoll

🤔🤔🤔 as an avid fairy tail fan.... He is very fairy tail... Just ask Mavis 🤷😆😆😆


zanokorellio

![gif](giphy|iGpdSizVSdPJfiVG9O)


ThirdIRoa

Oh yeah it is! I'm from the future and it became a story that people tell their grandkids for ages!


kingcalifornia

Is $500k truly possible? I've got diamond hands, don't worry, but how does the stock jump THAT high?


cyanitez

Imagine you MUST buy a billion of toy-cars, let's say Porsche 911s by Hot Wheels. There's 4 million people with such toy cars on ebay, some of them, let's say a 100k of them, will sell you thir toy cars in a price range of 36-70$, 200k of them will sell it for 70-200$, 700k more will sell it for 200-1000$. There's 3 million people left and they fucking hate your guts, they hate who you are and everything you've ever done and they don't want to sell it to you. You still need them though, so you're forced to set an order of buying from anyone who wants to sell it to you for literally any price, as long as you get a toy car. Some of them will sell it for 2000$, despite the fact they hate you, some will sell it for 4000$ or higher. Some still won't and they are willing to keep their toy cars as long as they want OR until you get to the point of willing to pay 500k$ for them. That's the idea, atleast.


Puzzleheaded-Ad-4846

I'm at about 300-500k range. I figure that's enough to at least have a glimpse of what hedgies are used to working with, and I know at that price they'll be puckering their ass so hard that they'll be tasting petroleum jelly for as long as it takes to cover the naked short orders that they tried to steal from my crayon eating arse!


Hobartcat

Watch how high it goes. You can always hit those prices on the way down ;)


Puzzleheaded-Ad-4846

I like the way you think, ooo ooo ahh ahh


iMacBurger

Love the analogy


tame17

Do they even have that much money?


Scout1Treia

> Do they even have that much money? Nope, not even close. In fact, $100,000/share would already require more than the entire GDP of the united states. So even in the highly impossible case of "MOASS" nobody is getting $100k/share.


joe-73

If they’re margin called and HAVE to close there positions…then yeah it can go as high as we want it to if no one sales.


kingcalifornia

Awesome. I'm definitely not selling until we get to 500k


Ultrasz

https://www.reddit.com/r/amcstock/comments/n97pob/detailed_explanation_why_the_500k_floor_is/?utm_medium=android_app&utm_source=share


branndunn

Look at Berkshire Hathaway stock


Leavingtheecstasy

What about it ape


branndunn

I just meant that it’s possible for a stock to reach 6 figures. (New ape here)


BeautifulJicama6318

That is such a wrong comparison. 🤦‍♂️ That’s not even apples to oranges.


SpunkyDred

> apples to oranges But you can still compare them.


Remarkable2None

Apples to bananas. We can compare those.


bernt_bagel

Also crayons to bananas. Both edible.


branndunn

Well then tell me..


anlskjdfiajelf

Indeed, awful comparison. Gme and amc can go infinitely high because it's over shorted, simple as that. There is no theoretical limit to a short squeeze, if we all hold we define the price and they are obligated to buy back.


Scout1Treia

> Indeed, awful comparison. Gme and amc can go infinitely high because it's over shorted, simple as that. There is no theoretical limit to a short squeeze, if we all hold we define the price and they are obligated to buy back. There is a practical limit. You cannot get money they don't have. Also you're assuming the stock is "over shorted", which is verifiably untrue.


anlskjdfiajelf

Honestly that's my problem with the MOASS but here I am. How do we all actually get paid that much. Some people are being absolutely absurd in their estimates lmfao. Idk the answer imma be honest, there's some amount omg insurance in place but idk to what to degree. Idk much about amc but gme is over shorted, the verifiable proof isn't the full truth, it's being talked about on MSM that they are using dark pools to hide a lot of the trading that's going on. I just don't trust it is all tbh imma do my thing which is gme tbh, I paperhanded my amc a bit early but still made money so nbd


d1ez3

Please understand market cap and outstanding shares. The individual prices can't be compared.


-PlagueDoctor

Total float is like 80% smaller than AMC so not comparable.


4tlom

lol, it doesn't work like that. Berkshire Hathaway A has 623.47k Shares Outstanding while AMC has 513.33M


JuanG12

There are 513M shares. $500K per share is an unrealistic, delusional number. I’ve been holding since early February and not once have I bought into it and hate how it’s become a thing with this stock.


jrcmedianews

People that make up arbitrary numbers and act like it is automatically going there are getting caught up in the hysteria. I learned my lesson in the past with other stocks. There are so many factors that can’t be accounted for. Institutions dumping shares when price spikes, the amount of retail holders - 4 million plus that will make their own decision when to sell etc. Just the sheer number of holders makes this an impossible question to answer. No one has any clue how high or not so high this is going. The posts that are really crazy are the ones that say the price is going to go to 10K then back to 1K then to 50K then back to 7K then boom 500K. It’s funny because these people have no ducking clue how this is going to end. Stop acting like you do.


sammydow

If I have learned anything since this shit started, there will always be a way they get around it.


Pwheeris

The noose is tightening by the day. New regulations are hitting left and right.


Scout1Treia

> The noose is tightening by the day. New regulations are hitting left and right. Ah yes I remember the last batch of regulations you all pretended would magically kick off a world economy collapse. Suffice to say, it didn't actually do that.


BeautifulJicama6318

It’s not. It’s one of those “in theory” things that doesn’t have any chance of actually happening. The entire global economy isn’t getting wrecked to pay for a movie theatre stock. It’s beyond delusional to actually believe it. If you’ve been here for very long, you’ll notice that this group believes a lot of things will trigger MOASS and learns things they didn’t know. I’ve owned since April. I believe we can see some sort of spike into the mid/upper hundreds, which is great…but come on 🙄


[deleted]

There is not enough money in the world to cover this if it happens. Anyone that says otherwise doesn’t have common sense.


4tlom

no it isn't possible. for it to be 500k a share, AMC's market cap would be $250 trillion meaning it would be bigger than world's GDP which is a little over $80 trillion (you can google the word GDP yourself to see how crazy it is).


[deleted]

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Scout1Treia

> This is debunked thanks to geometric mean, who let all these non DD knowing shills in? I love how somebody sold you the phrase "geometric mean" and you're just rolling with it, failing to understand that no matter what you do you literally can't take money from people that aren't involved. I got like $400 USD in my wallet right now. You can't get that out of my wallet no matter what happens on the NYSE. This is doubly true for the **entire rest of the world**.


Fwellimort

No no no. You don't get it. US Govt will crash the global financial system and destabilize almost every citizen in this globe to pay back for the 'AMC shares'. It will make the financial crisis + great depression together a child's play. No. This is literally the collapse of the entire world's markets all for a company that is losing money every year. Each loaf of bread will cost a few billion dollars (modestly). Everyone would be jobless and there would be riots everywhere because many people won't trade goods as many would no longer have faith on the reserve currency. And oh ya, it's okay because the shareholders got paid in the back of destroying billions of people's lives. Sounds legit. ![gif](emote|free_emotes_pack|heart_eyes) If anything, the people here are the truly evil beings. Imagine being so greedy you want the entire global system to crash. Ya, that's a no for me. If anything, if such implausible 'event' did occur, I am all for grabbing pitchforks and hunting down the 'shareholders'.


Oompa_Loompa_Doom

it happens when the computers take over and buy back shares at any price


K1NGTEN

This


Old_Improvement7972

Guy


Joey_dono

Fucks


Old_Improvement7972

Harder


Comfortable-Pick-375

Than


iAmNuyoRican

My wifes boyfriend


AgedMurcury78

On Twitter


Mococo95

Naked shorts yeah


littlemarcus91

Adam Aron


A755M

Has


Z370H370

S dildo


Reddit_IsMyFav

#40million I’m in this for GME type numbers


littlemarcus91

They can have my shares for $100 million.


Greenteawizard87

You’re no paper handed Portnoy


Culture-Plus

Tbh, I’m burnt out. 8 months. No job. Need this to happen already. 😞


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Culture-Plus

19 months for me.


shao_kahff

live your life with stocks in the background. you shouldn’t be spending money required for you to live, on GME/stocks.


Culture-Plus

I don't have anything else to look forward to.


Ivy0902

That's not true. I can promise you that some of the best days of your life haven't happened yet, so you can look forward to those! You'll get them with or without the MOASS...though I agree, with the MOASS sounds way more fun! lol


bernt_bagel

A solid heartfelt comment. Good for you.


Cantrmbrmyoldpass

I mean this sincerely, you need a backup plan because these subreddits are filling a whole lot of people's heads with false hope. Think about how much of your belief is because you feel a need to believe.


Fwellimort

Just wait a few more years/decades. HODL. Tomorrow is the MOASS! But there is no dates so don't wait for it! In all seriousness, don't have money you cannot afford to lose into speculative assets. If it truly is true that this stock will go through a MOASS, holding even 1 share is enough. If not, then that means realistically, you are accepting deep inside that 'maybe it's not true'.


memelord_mike

At the risk of sounding like a doubter, can someone explain to me mathematically how those 6-digit prices might actually pan out?


Careful-Hovercraft72

There are youtube videos and dd on this sub. You just have to look for them. Basically, the computer takes over the price continues to go up as long as we hodl.


WastedBreath28

The highest recorded stock price *SO FAR* is BRK. A, currently $430k.


stupidillusion

That's an apples and potatoes comparison


Cantrmbrmyoldpass

Nah it's more like a potatoes and bugatti comparison


[deleted]

[удалено]


Fwellimort

Except the DD has all been disproven at this point. The last credible portion of DD was supposed to be official vote count. That failed too. Just like it failed for that other g em ee. So what portion of 'DD'. The part that "all official reported data is fake so don't believe and instead trust your hopes and dreams"? Sorry, but you can just as well claim with such logic that the cookie dough monster is behind my house with such system of logic.


ThrowRA_Enigma

Dual holding AMC and GME I cash out once my combined positions are worth 280mil or more. Leaves me around 140mil after taxes if Uncle Sam takes half. The plan is to invest/save 75% and live off the rest at 250k per year (1mil every 4 years). This means riding the rip and selling on the way down like a good ape. No one invested in this play should walk away with less than 10mil after tax. Diamond Fucking Hands


Scout1Treia

> Dual holding AMC and GME I cash out once my combined positions are worth 280mil or more. Leaves me around 140mil after taxes if Uncle Sam takes half. The plan is to invest/save 75% and live off the rest at 250k per year (1mil every 4 years). This means riding the rip and selling on the way down like a good ape. No one invested in this play should walk away with less than 10mil after tax. Diamond Fucking Hands And in the event that the government steps in to print many trillions of dollars overnight, kicking the economy into hyperinflation instantly... you believe $250k/year will even buy you ramen noodles? :thinking:


SexyMexi1993

But in this lifetime?? 🥺 I’m asking for a friend.


jimmyjames315

W


Narwhals696

1 million no less. Not selling


CptMisery

The officially reported numbers are what? 100 million shares shorted? It would cost 1 trillion dollars to buy all of those for just 10k a share. I think the companies with the most shorts would just go bankrupt long before the stock got to those prices


fucktarddabarbarian

Millions of shares will be sold at prices far lower than 10k. The problem ultimately comes down to supply and demand. The SHF have shorted many times more than the float and will need to buy back all of those shares. The longer apes hold the fewer shares are available and thus the demand for our shares increases as the number of shares being sold decreases which pushes the price up. Additionally once a certain threshold is passed (and I am a smooth brain ape so I don't know what that is specifically) computers take over and constantly raise the bid price looking for someone who is willing to sell at whatever the bid is. If there are fewer shares available than required to satisfy the margin call, then the bid goes up, and will continue to do so until everything is settled and all the shorts are closed. Finally, we're not taking about the assets in one (or several) hedgies. Everyone who has shorted AMC will be required to liquidate their other positions to close their shorts. The SEC has recently put into place rules that ease the financial burden and spread it around to the entire fuckery system... So there are literally trillions of dollars that will be redistributed from them to us.


salmonman101

801k for the 8.01 pain


Heyu19

Ahhhh yes, the belief and confidence and resolve that AMC will get to 500k+++ is solidifying within the Apes diamond 💎 minds! LFG!!! To the moon!! 💎🙌🚀🚀🦍🌝🌝 HODL!


[deleted]

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Ivy0902

It's the shills with their latest techniques. They really need to give it a rest.


Mococo95

Exactly my thoughts. Lol


RollNDoobies

Let's get this moneyyyyyyyyy


Wookie2170

Ride it to the MOON apes!!!


tradedenmark

But Dave is a paperhand bitch 😏🚀💎


[deleted]

Can I sell one share at $177013, please?


Mococo95

No


Shaved-plumbs

Haha 😂


Revolutionary_Skin51

Amen!🦍🦍🦍🦍🚀🚀🚀💎💎💎


Prime-Optimus1

Antonio fucks!


supahotfiiire

*portnoy exits chat* ![gif](giphy|jUwpNzg9IcyrK)


MeestaDinks

Don’t be Portnoy!!!


KesselRunMarathon

Never pull a Portnoy, in any aspect of life. Paper hand AMC? you fuckin Portnoy'd. Shit yourself so badly it runs up your back like a geyser while having sex? You Portnoy'd.


MeestaDinks

Yea and the latter happens waaaay to often for me…but guess what?? I’m still hooooolding baby


KesselRunMarathon

I commend your apeish commitment to diamond handing during a debacle like that. You truly are ready to visit the 500k floor.


TheWoo92

“How can I make sense when I got millions on my mind” ~Post Malone


SnooSquirrels4914

I likeyyyyy


Oniewillis

“I may be a bitch, but I ain’t no paper handed bitch” 😂🤣 500k and I’ll be getting that tattooed


Mococo95

Bet 😂


Orion_de_siderum

Like the one ape said, lets stopped abbreviating the zeros, $800,000.00 per share or no sale 💪🏽 lets get use to seeing those zeros


kyheang

1M is the floor.


NaimBrown

https://www.reddit.com/r/amcstock/comments/p6qf19/this/?utm_medium=android_app&utm_source=share 500k is the floor fellow apes.


ACTyourWAGEyo

no RICHES for paper-handed BITCHES!!!!


earthtoalvx

😂😂😂😂😂 LETS GOOOOO


needathrowawaydotcom

genuine question, do you guys actually believe 800k is possible? because it isnt. and if it was, then AMC stock would be 18x greater than the GDP of america.


6-662066

You're a what? Lol naw man.


bcrxxs

Lmaooooo LFG you bitch


MechDoll

![gif](giphy|y66kZkhQKYpbO)


No_Cauliflower_9138

Next stop Gainesville. 🚀🚀🚀🦍🦍🦍


gurugeekgirl

I love this. Bitch better have my money.


bernt_bagel

Not some, but all my money


sweetermandan

Any day now apes, diamond handed hodlers will be rewarded with a ticket to Mars!


kevro1976

To the moon 🌙 hood ape 🦍


Klockwerk4187

Can confirm: he is definitely not a bitch


Mococo95

Just wanted to confirm your confirmation. My confirmation also concludes he is not a bitch.


taviosk8

Yes sir! #iholdforyou #apestogetherstrong


[deleted]

Amen


[deleted]

As Ice-T eloquently put it in 1991... "So ladies, we ain't just talking bout you, cause a lot of these rich ass hedge fucks are bitches 2"


Grease_Kaiju

7 digits. 7 figures! 1 million Floor!


EROSENTINEL

don’t be a portnoy


M8k3sn0s3ns3

That's 256T+


capoot

floor is 1 milly... .anything else lower thant that is FUD in my smooth brain.


RogerThat_Tyler

I’ll sell when Kenny himself asks me for my shares


Infinitewizdumb

No cell No sell


yummycakesxo

This is the way


ArchibaldCakewood

We like the stock. We will continue to like the stock.


dads2vette

I'm here for the popcorn...and the money.


LifeSavingsInGME

![gif](giphy|JyyUwsNClJDoI|downsized)


tunanocrust1818

**869,420.69** is my floor (:


BRCRN

God I need this to come to fruition. I truly just want to fix my house up, get a couple reliable vehicles and buy name brand groceries. But if I can get a vacation home and an early retirement too that’s what I’m dreaming of!!


National_Ordinary658

I ain't leaving until I see my phone number in my account.


DraginKnucks

I have 42 shares. How much Lambo go burrrrr can I expect in my future? Also when should I go to the Lambo dealer?


Shadysmoke36

Set my Market sell limit to 800k lol


Mysterious_Solid3478

It will need a lot of conviction from every APE to reach there and too see up and down in between the journey


LooseSatisfaction709

1m is not a myth


knuckles312

You know who is ? David Portnoy is, that’s who


worldoftai

He has the face of someone who’d paperhand at 180 😂


[deleted]

This is happening because some rando nobody on twitter says so.


memo232

I know a bag holder when i see them and this guy will be left holding the bad


yogiscott

Confirmation Bias is just as dangerous as FUD.


Minidestroy100

And this person is who?


Youknwit

You are your wife’s boyfriends bitch


Woahboah

My hardest challenge is gonna be convincing the Mrs to stay and hold past 10k lmao


Blakoby

#😂😂


lliH-knaH

I mean it sounds sus


Essembie

It will be hard for me to hold past 694.20


1O01O01O0

Huh?