AMC May 11 Timeline

The most important roundup of news for AMC May 12 2021

  1. Borrowing fee rises again to a mind-boggling 216%.  Only 0–2,000 shares available to short at any given time.

CRITICAL:  Ortex has confirmed that the extreme disconnect between Ortex’s 216% and Stonk-O-Tracker’s 82% is due to Ortex accessing data from 85% of global lenders/brokers.  Fintel and Stonk-O-Tracker access data from only 1 broker!)

  1. There is literally only 1 reason why hedge funds would continue to short at 82%–216% interest: they simply have no choice.  Either they triple-down and hope for an illegal lifeline or they cover now and face immediate bankruptcy.  Imagine this: at 216% interest, a hedge fund that is shorting only $1,000,000 of AMC stock has to pay $2,160,000 per year (or $180,000 per month) in interest.  That is on top of its losses.  
  2. Ice T is on board!

Information and Timeline provided by u/AgedMurcury78 in his amazing Ultimate AMC Timeline document.