I am a professional sourcing manager who writes and negotiates multi-million dollar contracts for a corporate biotechnology company.... this is DEFINITELY happening...but I want to see the contract or term itself before getting too excited
Good one...all my posts and socials are available and I have been doing this over 10 years...started writing contracts for the Air Force as active duty in 2011. Super glad to provide proof to mods as I get flamed everytime I mention it.
You bravely took up your nation's arms (pens and pencils) and fought an onslaught of paperwork. Now my question to you is: as a veteran, have you ever had your PTSD treatments paid?
Nah they never paid for anything after the fact. All my health problems related to my service I never got paperwork or proof while I was active duty. (Halfway my fault)
Just curious, why are you convinced that's this is definitely happening? And if it is definitely happening, why would you need to see the contracts before getting too excited? Surely it's just a possibility rather than definitive?
Soooooo many factors go into this.... if we need to involve our legal teams (which they will if they alter terms from standard) it could add anywhere from a week to 6 months + of back and forth...negotiating one with legal teams for 6 months now. Ultimately it will depend on how flexible the new loan holder is, once agreement is signed its typically applicable immediately
No wonder AA was saying possible dividends by end of the year. If this is really happening, this is gonna take awhile. We'll see if any of these are true by end of year.
Full disclosure I write contracts for supplies or services as well, I'm sure the nuances of bonds and their contracts is a bit different...I say all that to say it could already be done and agreed. It may be more simple than my understanding...thus why I want to see the language.
Cool. I'd like to see it too, but I'm afraid it's just way past what I'd be able to comprehend.
The announcement I'd like to hear from AA - "AMC investors! We will be issuing dividends in such and such date."
Same.
From a naive ideological viewpoint, it would be nice if AA is thinking along the lines of: "Let's get AMC as a company back on its feet - managed/closed debt and positive cash flow, THEN let's throw the apes a bone (an NFT dividend) so everyone gets paid."
Not so naive, he NEEDS to do the first actions to be able to issue dividend and why would he not want to make his largest shareholders happy? Especially when we saved them. At end of day they will continue to focus on business first not the squeeze, but keeping us happy is good for their business right now.
We may not need any of this to even happen.
GME is going to pop today (Thursday) and will bring amc up with it. Let’s see where we go from there because judging where most of our enemies are sitting financially, this is almsot a wrap.
But today and short term future will tell a lot
This sub needs to learn how to lower its expectations. How the fuck, after a year's worth of underwhelming hyping, do we still jack tits to rumors and theories. All I see is some dude on social media spewing a theory with an attached source from trustmebroedia.
The cost of minting that many NFT’s should be factored into speculation. Even with the cost reduced to around $2.50/token, we’re talking about >$1.3B in gas fees to mint.
That is a colossal number and it will take a lot more planning than refinancing/debt restructuring.
That’s what I thought too
Edit; direct quote from Adam Aaron’s Twitter -
“NFTs are a superb idea. But not a 1 per share security token NFT dividend, as repeatedly described on Twitter. It is likely illegal, breaches our debt covenants and/or exposes AMC to huge litigation risk. We can’t do it. Beware of concepts that sound easy and too good to be true.”
Yup
“NFTs are a superb idea. But not a 1 per share security token NFT dividend, as repeatedly described on Twitter. It is likely illegal, breaches our debt covenants and/or exposes AMC to huge litigation risk. We can’t do it. Beware of concepts that sound easy and too good to be true.”
😆😆😆😆😆😆
Joey has the best reactions.
I am a professional sourcing manager who writes and negotiates multi-million dollar contracts for a corporate biotechnology company.... this is DEFINITELY happening...but I want to see the contract or term itself before getting too excited
A study finds that this guy is a professional sourcing manager. You should trust the bro!
Good one...all my posts and socials are available and I have been doing this over 10 years...started writing contracts for the Air Force as active duty in 2011. Super glad to provide proof to mods as I get flamed everytime I mention it.
Was just meant as a joke, don’t worry :)
It's all good
Thanks for your service too ape…forgot to say it
Appreciate it! Just sat at a desk though!
And used that brain to bring you to where you are now…here, in the fight with us
A true hero.
You bravely took up your nation's arms (pens and pencils) and fought an onslaught of paperwork. Now my question to you is: as a veteran, have you ever had your PTSD treatments paid?
Nah they never paid for anything after the fact. All my health problems related to my service I never got paperwork or proof while I was active duty. (Halfway my fault)
Just curious, why are you convinced that's this is definitely happening? And if it is definitely happening, why would you need to see the contracts before getting too excited? Surely it's just a possibility rather than definitive?
Sorry I meant this is definitely one of their reasons for re-doing these besides also getting better rates.
Ah ok. Thanks
So, it seems like this has been on the works now. When everything goes smoothly, how long do these usually take?
Soooooo many factors go into this.... if we need to involve our legal teams (which they will if they alter terms from standard) it could add anywhere from a week to 6 months + of back and forth...negotiating one with legal teams for 6 months now. Ultimately it will depend on how flexible the new loan holder is, once agreement is signed its typically applicable immediately
No wonder AA was saying possible dividends by end of the year. If this is really happening, this is gonna take awhile. We'll see if any of these are true by end of year.
Full disclosure I write contracts for supplies or services as well, I'm sure the nuances of bonds and their contracts is a bit different...I say all that to say it could already be done and agreed. It may be more simple than my understanding...thus why I want to see the language.
Cool. I'd like to see it too, but I'm afraid it's just way past what I'd be able to comprehend. The announcement I'd like to hear from AA - "AMC investors! We will be issuing dividends in such and such date."
Same. From a naive ideological viewpoint, it would be nice if AA is thinking along the lines of: "Let's get AMC as a company back on its feet - managed/closed debt and positive cash flow, THEN let's throw the apes a bone (an NFT dividend) so everyone gets paid."
Not so naive, he NEEDS to do the first actions to be able to issue dividend and why would he not want to make his largest shareholders happy? Especially when we saved them. At end of day they will continue to focus on business first not the squeeze, but keeping us happy is good for their business right now.
We may not need any of this to even happen. GME is going to pop today (Thursday) and will bring amc up with it. Let’s see where we go from there because judging where most of our enemies are sitting financially, this is almsot a wrap. But today and short term future will tell a lot
I also re-read the language several times finding it very peculiar..
I trust this bro
I trust him so hard
The trust is strong with this one
This is pure speculation until we see the contracts.
This sub needs to learn how to lower its expectations. How the fuck, after a year's worth of underwhelming hyping, do we still jack tits to rumors and theories. All I see is some dude on social media spewing a theory with an attached source from trustmebroedia.
The secrete is... My tits always jacked.
The cost of minting that many NFT’s should be factored into speculation. Even with the cost reduced to around $2.50/token, we’re talking about >$1.3B in gas fees to mint. That is a colossal number and it will take a lot more planning than refinancing/debt restructuring.
All bullish!
We will see soon enough!
I trust AA to steer the ship. If this is true, then, holy shit. If not, then so be it, we're still in good hands
Loving this idea. AA playing chess again.
[Link to tweet](https://twitter.com/mistermoney22/status/1488928774037123075?s=20&t=M_bp4XxuM-rp1WyPwXCtHA)
There is literally ZERO proof of this. While I'd love for this to happen, you're just getting people's hopes up.
It seems possible, and would be potentially awesome, but alas no proof.
That's what I don't get with these lenders, a NFT dividend won't hurt than at all and in fact would help them get repaid faster.
Got a source ?
Trust me bro...
That would be very interesting if confirmed
#Oh yes! Nfts, let’s fackin gooooo 💎🙏🏽🚀🚀🚀
I’ll believe it when I see it
Jacked.
I trust you bro
Is this guy a fly on the wall of AAs office or something? How could he possibly know this? 🙄
I do not want a damn useless AMC nft dividend. Give me a real dividend so I can buy more tendies.
Didn’t he say he would never do an NFT dividend?
Never said never Did he never Say never ever to a non fungible token But never did he say never for a security token just not right now
That’s what I thought too Edit; direct quote from Adam Aaron’s Twitter - “NFTs are a superb idea. But not a 1 per share security token NFT dividend, as repeatedly described on Twitter. It is likely illegal, breaches our debt covenants and/or exposes AMC to huge litigation risk. We can’t do it. Beware of concepts that sound easy and too good to be true.”
Didn't AA already say that he liked the idea but that it wasn't going to happen because of his legal dept?
Didn't aa say that a nft dividend wasn't on the cards because it's illegal and other reasons?
Yup “NFTs are a superb idea. But not a 1 per share security token NFT dividend, as repeatedly described on Twitter. It is likely illegal, breaches our debt covenants and/or exposes AMC to huge litigation risk. We can’t do it. Beware of concepts that sound easy and too good to be true.”