$AMC Synthetics will not be "Exposed" even if they do exist, the 2 'stocks' will trade separately, so if you own a share you get 1 APE, if you own a "synthetic" share you don't.....but you would still have your share. Synthetic's do not exist, there are just shares being counted like the old style 'float' you got when mailing checks. Don't fall for the drama, this is simply a cute named stock dividend. in an effort to have a 2:1 stock split