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This just keeps getting better and better. Guess who was the Managing Director and TMT Analyst at BTIG? Richard Greenfield...you know, the guy that says AMC stock is worth a penny! ROFL!!! Nice try dropping AMC's price to cover the counterfeiting that started way back then. I wonder how many have been put into the market since?
https://lightshedtmt.com/team/
IMO, If they don't let it play out it'll be the start of a revolution, the loss of confidence in markets, and the complete collapse of not just a few HFs but the broader societal sense of the Market. We're at the point where it has to play out "costs-be-damned to HFs/DTC/Ins", or they might as well just shut the doors of Wall Street and implement town barter systems again.
Too many strikes, crashes, and bad actors to avoid a major overhaul complete with transparent digital tracking, serial numbered digital shares, blockchain records, etc.
I keep tripping on, "Only one NMS security is projected to exceed 98 percent of the maximum allowable value between May 4 and May 17, 2021, based on intraday price movements observed on May 3, 2021."
What security is close to exceeding $420k per share?!?!?
Edit: AHAH! Found it! BRK.A is at $434,531.15...
Nope, not a typo. From the new rule, "The last sale data on the four data feeds listed above is currently written in a 4-byte hexadecimal computer code format, which establishes a maximum allowable value of $429,496.7926. If the price of a security meets the maximum allowable price, it resets to zero. Nasdaq plans to remove that maximum allowable price on May 17, 2021, by substituting the 4-byte hexadecimal format with an 8-byte hexadecimal format using a long-form trade message, eliminating the possibility that the price of any existing security will reset to zero."
So they're updating to 8-byte to allow for "to-the-moon" prices. LOL!
Cutover and final testing of SR-NASDAQ-2021-039 to allow PPS to go above $430K max...maybe???
They might need to make sure it's active and working for this week.
:-P
Thanks for posting this! That user puts out some great DD that gets down into the weeds of details. Good stuff!
B. Riley just went to $16 from 13! Upgrade!
Whole new count.
Because the computer algorithm doesn't care if the market price is $5 or $5000, if a share is needed and MUST be bought then it's purchased at whatever the ask is at. (ie. to close a short position due to margin call).
An hour and a half in and at 25M volume already. 77.1% rate. Hmmm.
62.4% and climbing.
FYI-Coinbase isn't the only one working Doge also. It'd be even better if folks skim profits from Doge and swing over to AMC for the squeeze too.
https://finance.yahoo.com/news/appswarm-launches-dogelabs-io-application-174500788.html
Did Blackrock just do a dark pool purchase of 22M shares?!? That would be amazing if they just sucked up what remains of the remaining 25M shares for the O/S.
Bingo. They've sold 17.5M of the 43M shares. No wonder we haven't moved yet.
So with 17% of last year's revenue and 24% reduction in screens, AMC managed to still improve on the net loss from 2176.30M to 567.2M, improve loss per share from 20.88 to 1.42 (net) and an adjusted diluted loss per share from 2.22 to 1.42. All while dealing with Covid. They also repaid 335M of debt, had 813M cash.
They've really weathered the storm well and minimized damage in what would normally have been a total loss.
The winter was bad, but now it's spring...time to bloom.
That would be GREAT! Then we just need to clean up this current mess through margin calls, share callbacks, liquidations, etc and move on with the future with a more stable and fairer playing field.
IMO The one that solves the market BS and needs to go effective immediately is DTC-2021-005.
When that is published, the biggest abusers get the counterfeit money printer unplugged and taken away; and they have only themselves to blame for the position they put themselves in. It's definitely a step in the right direction for preventing malicious manipulated bankruptcies in the future.
Confirm TDA shows that for me as well. Why would there be an 11M discrepancy??? Finviz & Ihub also show something different than TDA. Stockcharts.com and stockscores.com both show 15M's.
So who's way off? And what's the accurate number?
Interesting DD Theory on Reddit about buy and hold strats. I wonder if this holds up under AMC scrutiny? Let's look at the chart... Wow!
https://www.reddit.com/r/Superstonk/comments/n5me5g/the_mother_of_all_wedges_an_endgame_dd_technical/
A/S from 800M to 2B is in the filings. The O/S is in the Annual reports too. Compare and contrast 2020 vs 2021 and the level of disappointment will become clearer.
https://sec.report/otc/company/SWRM
or
https://www.otcmarkets.com/stock/SWRM/disclosure
For the filings.
This. Exactly.
Company needs past-tense accomplishments news now, not fluffy future hopes & dreams.
Maybe...
we'll see if/how the market reacts (and by how much).
News posted...
"TulsaLabs Announces Integration Support for DATAX Data Protocol"
https://www.globenewswire.com/news-release/2021/05/03/2221658/0/en/TulsaLabs-Announces-Integration-Support-for-DATAX-Data-Protocol.html
All about perspective... I'm still green from 3-months ago so it's hard to care about an individual day, but this one was good.
HF-"Look who's in the red today."
Apes-"Look who's still bleeding you dry."
Yes, even Overstock was another example.
That's another reason why I'm just waiting for the lawsuits to be announced from these companies that uncover too many shares over O/S, been victims of naked shorting, and/or exposure to strategic corruption manipulation. I wouldn't be surprised in the slightest if the companies announce they're suing the DTC, DTCC, and SEC now in addition for financial malfeasance, negligence, or even a corrupt, willful, RICO-style organized crime takedown of targeted private companies in a collusion (or at least accomplice) format at this point. These loopholes have been exploited way too long, caused way too much damage, and removed too much confidence to be an accident or a rare occurrence outlier.
As pointed out by BioBillionaire earlier, it's going to be a tough sell to convince ANYONE (domestic or foreign) to invest in the markets with the uncovering and publicizing of what's been happening for decades now.
Lessons are not being learned and self-regulation has produced a long string of massive economy-affecting failures. Why should we expect different into the future unless concrete enforcement is enacted.
I, for one, am watching and waiting for DTCC-2021-005 to be republished, effective immediately, AND ENFORCED to clear some of this mess up in order to start regaining confidence in "the system".
The author of Naked, Short and Greedy (Dr. Susanne Trimbath) is live now with a Redditor DD investigator (U/atobitt). This is mostly about GME, but applies directly to AMC as well. This conversation is gold! I need to read her book too now.
Link for discussion:
Exactly. I don't know about everyone else, but my share number goal is met, limit sells are in place, and it doesn't cost a thing to hodl. Time to hunker down and go into hibernation while working on some hobby projects. Wake me up when we get there, whether that be tomorrow, next week, next month, or next year. Strong hands and patience.
Get ready for some violent, volatile swings as the hedges go into death spasms with the pool dried up...
Hmmmmm. Speaking of questionable value, isn't it funny you should show up in AMC...today...talking about shorting. Hmmm.
Also...Page S-19 is where I quoted from.
https://ih.advfn.com/stock-market/NYSE/amc-entertainment-AMC/stock-news/84930897/prospectus-filed-pursuant-to-rule-424b5-424b5
Yes, it appears no 500M dilution FUD anymore. They (AMC) also filed reminding that they still have 43M AVAILABLE to sell still within existing A/S for generating corporate funding, but haven't yet. Hopefully they hold til well after a moon landing...and then just piecemeal it out slowly as a tease.
The news is spreading like wildfire all over Reddit.
Turning into a shorts carpet bombing? :-P
Am I reading this correct?!? Anybody else catch this?!? 500M expansion is removed from consideration as of today!!! From the 14A.
"The Charter Amendment was subject to the approval of at least a majority of the capital stock entitled to vote and we submitted the Charter Amendment to our stockholders for approval at our annual meeting of stockholders. However, on April 27, 2021, our board of directors determined not to seek stockholder approval of the Charter Amendment and withdrew such proposal from stockholder consideration at our annual meeting of stockholders. Notwithstanding the foregoing, our board of directors reserves the right to propose an amendment to our certificate of incorporation to increase the authorized shares at any point in the future."
I know, I know, odd question but I'm full of them lately. Seeing as how this is shaping up to be a rare situation and seeing the shenanigans being pulled by HFs, I'm wondering if there are other tools that the SEC, DTCC, or others can bring to bear that haven't been yet. We see that dark pools are manipulating by creating bleeds, short ladder attacks, and are making up the majority of trades on a daily basis.
So question=Is there a mechanism, under "extraordinary circumstances" or whatever, that dark pool trading access can be blocked from the normal market movement so that it's only "pure" price discovery free from manipulation?
Or is corruption/manipulation so inherently part of the market that we can't separate the parasite from the host?
If AEZS is going to have any chance at all they better get the lead out and step on the accelerator...or the competition will wave as they pass them by. imo
https://montrealgazette.com/news/world/pfizer-is-testing-a-pill-that-if-successful-could-become-first-ever-home-cure-for-covid-19
Seems the market couldn't care less about the news and is reacting accordingly.
SWRM still needs to put out solid news on projects COMPLETED, rather than projects PLANNED. imo
I saw on TDA feed...