Because you could lend out AMC to receive gargantuan lending fees most of that period of high price, you could look at AMC as a low value stock with a huge coupon of indeterminate duration attached. Once the coupon expired (ie borrow cost went back to normal-ish) the underlying (lack of) value was all that remained.
Because you could lend out AMC to receive gargantuan lending fees most of that period of high price, you could look at AMC as a low value stock with a huge coupon of indeterminate duration attached. Once the coupon expired (ie borrow cost went back to normal-ish) the underlying (lack of) value was all that remained.
Because you could lend out AMC to receive gargantuan lending fees most of that period of high price, you could look at AMC as a low value stock with a huge coupon of indeterminate duration attached. Once the coupon expired (ie borrow cost went back to normal-ish) the underlying (lack of) value was all that remained.